2025-10-17T10:39:56-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-01-01 237121174 JUST-A-START CORPORATION JUST 6174940444 430 RINDGE AVENUE 301 CAMBRIDGE MA 02140 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 6174940444 2025-10-17 1 1 JOLANTA TUCK P01340068 7813803520 2025-10-10 2024 2025-03-06 01:10:19Z CARL NAGY-KOECHLIN 430 RINDGE AVENUE 301 CAMBRIDGE MA 02140 11701445 0 X WWW.JUSTASTART.ORG X 1970 MA TO PROMOTE EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY. 16 16 74 99 0 0 7170194 5846063 4818300 4037119 1448876 250761 0 121065 13437370 10255008 42000 1725270 0 0 5139423 5791501 6900 0 622603 3572628 5292196 8760951 12808967 4676419 -2553959 69150614 82535842 48676228 64324993 20474386 18210849 X TO PROMOTE EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY. 0 0 5970498 1705020 4158184 REAL ESTATE DEVELOPMENT - JUST A START HAS DEVELOPED AND CONTINUES TO OWN AND OPERATE 645 AFFORDABLE APARTMENTS THROUGHOUT CAMBRIDGE AND SOMERVILLE, HOUSING APPROXIMATELY 1,500 PEOPLE WHO WOULD OTHERWISE BE UNLIKELY TO BE ABLE TO AFFORD APARTMENTS IN THESE EXPENSIVE AND HIGH-OPPORTUNITY CITIES. WE HAVE AN ADDITIONAL 350 NEW AFFORDABLE APARTMENTS IN OUR DEVELOPMENT PIPELINE, WHICH WE EXPECT TO DEVELOP IN THE COMING 5-6 YEARS. TO MAKE FIRST-TIME HOMEOWNERSHIP A REALITY FOR HOUSEHOLDS WITH MODERATE INCOMES, JUST A START HAS ALSO DEVELOPED 130 HOMEOWNERSHIP UNITS. WE ALSO MANAGE THE PRESERVATION, REHAB AND RESALE OF AFFORDABLE UNITS TO ENSURE FUTURE ACCESS TO AFFORDABLE CONDOMINIUMS IN CAMBRIDGE FOR RESIDENTS WITH MODERATE INCOMES. 2798854 EDUCATION AND TRAINING - JUST A START'S EDUCATION AND TRAINING PROGRAMS PROVIDE TUITION-FREE PATHWAYS TO CAREERS IN THE REGION'S GROWING EMPLOYMENT SECTORS. OUR ADULT CAREER TRAINING PROGRAM IS AN INTENSIVE, NINE-MONTH EDUCATION AND TRAINING PROGRAM FOR ADULTS WITH LOW INCOMES TO DEVELOP THE KNOWLEDGE AND CRITICAL PROBLEM-SOLVING SKILLS NEEDED TO ENTER FAMILY-SUSTAINING AND FULFILLING CAREERS IN THE GROWING BIOMEDICAL AND INFORMATION TECHNOLOGY (IT) FIELDS. APPROXIMATELY 85% OF GRADUATES OF THE PROGRAM GAIN EMPLOYMENT WITHIN 6-12 MONTHS OF GRADUATION AND INCREASE THEIR ANNUAL INCOME BY AN AVERAGE OF $20,000. ANOTHER PILLAR OF JUST A START'S EDUCATION AND TRAINING PROGRAMS IS YOUTHBUILD, WHICH ANNUALLY PROVIDES COMPREHENSIVE YOUTH DEVELOPMENT SERVICES TO APPROXIMATELY 50 OUT-OF-SCHOOL YOUTH BETWEEN THE AGES OF 16 AND 24. STUDENTS RECEIVE EDUCATION AND TRAINING THAT LEADS TO A HIGH SCHOOL CREDENTIAL, CONSTRUCTION OR RETAIL INDUSTRY CREDENTIALS, CAREER EXPLORATION, AND EMPLOYMENT. 1743804 20250 HOUSING RESOURCES AND SERVICES - JUST A START PROVIDES HOUSING RESOURCES AND SERVICES TO ITS 1,500 RESIDENTS AND APPROXIMATELY 1,000 COMMUNITY MEMBERS EACH YEAR. THROUGH FINANCIAL ASSISTANCE, MEDIATION, AND FOLLOW-UP SERVICES, OUR HOUSING STABILIZATION PROGRAM ALLOWS FAMILIES THREATENED WITH HOMELESSNESS TO REMAIN IN THEIR HOMES OR HELPS THEM FIND NEW AFFORDABLE HOUSING. OUR ECONOMIC MOBILITY PROGRAMS PROVIDE FINANCIAL EDUCATION, ONE-ON-ONE COACHING, AND FREE TAX SERVICES TO PEOPLE WITH LOW INCOMES SEEKING TO IMPROVE THEIR FINANCIAL STATUS AND PROSPECTS. 10513156 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 118 0 1 74 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CARL NAGY-KOECHLIN 6174940444 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 SAMUEL GEBRU CLERK (UNTIL 6/24) 4.00 1.00 X X 0 0 0 PETER MUNKENBECK DIRECTOR 3.00 2.00 X 0 0 0 RICHARD HARDING DIRECTOR (UNTIL 6/24) 5.00 X 0 0 0 RJ PANZO DIRECTOR (UNTIL 6/24) 5.00 X 0 0 0 SHAWN FITZPATRICK DIRECTOR 5.00 X 0 0 0 SAMUEL MAMO DIRECTOR 5.00 X 0 0 0 SARA REESE DIRECTOR 5.00 X 0 0 0 TARA DENDY DIRECTOR 5.00 X 0 0 0 SUSAN STOCKARD DIRECTOR 5.00 X 0 0 0 MICHAEL R KUHN TREASURER 4.00 1.00 X X 0 0 0 JUNARDY JEAN-CHARLES CHAIR (UNTIL 6/24) 5.00 X X 0 0 0 MAHMOUD RAYA DIRECTOR 5.00 X 0 0 0 ZOE WEINROBE VC (UNTIL 6/24)/CHAIR (AS OF 7/24) 5.00 X X 0 0 0 JOEL MIRANDA DIRECTOR 5.00 X 0 0 0 JEFFREY MYERS CLERK 5.00 X X 0 0 0 JACK DONAHUE DIRECTOR 5.00 X 0 0 0 HIWOT BEHABTU DIRECTOR (UNTIL 6/24) 5.00 X 0 0 0 DONNA LEWIS DIRECTOR 5.00 X 0 0 0 CARLOS ESPINOSA-TORO DIRECTOR 5.00 X 0 0 0 LISA DRAPKIN DIRECTOR 4.00 1.00 X 0 0 0 MAX CLERMONT VICE CHAIR 5.00 X X 0 0 0 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 35.50 2.00 X 178596 0 27139 ROBERT BRAININ DIRECTOR OF FINANCE & ADMIN 37.50 X 145096 0 25609 NOAH SAWYER DIRECTOR OF REAL ESTATE 36.50 1.00 X 152021 0 26319 CARMEN CHAN DIRECTOR OF RESOURCE DEVELOPMENT 37.50 X 131814 0 12372 MIRIAM ORTIZ DIRECTOR OF EDUCATION & TRAINING 37.50 X 131423 0 5347 GERRY ZIPSER DIRECTOR OF HOUSING 36.50 1.00 X 129646 0 5347 CIDALIA SILVA CONTROLLER 37.50 X 111968 0 11640 980564 0 113773 7 0 1 0 KTM EXTERIORS & RECYCLING LLC 10 HAZEL DRIVE HAMPSTEAD NH 03841 CONSTRUCTION CONTRACTORS 215027 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 FINANCIAL CONSULTING SERVICES 172761 COHNREZNICK ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 AUDIT/TAX SERVICES 155028 SNOWCAP TECHNOLOGIES LLC PO BOX 4110 WOBURN MA 01888 IT CONSULTING SERVICES 132152 4 843729 2724318 2278016 5846063 DEVELOPMENT FEES 561700 1788953 1788953 INTEREST ON NOTES RECEIVABLE 561700 1140520 1140520 MANAGEMENT AND SERVICE FEES 561700 709368 709368 RENTAL INCOME 531110 398278 398278 4037119 136027 136027 1425373 135798 1360639 85798 64734 50000 114734 114734 121065 121065 121065 10255008 4158184 0 250761 1725270 1725270 376440 274377 75055 27008 4462570 3249851 887760 324959 119992 87919 24255 7818 445383 326335 90032 29016 387116 289174 69196 28746 1247 1247 17645 17645 167623 167623 40009 40009 580430 445495 103542 31393 536005 359604 109825 66576 1564692 1471386 92962 344 11388 11388 217809 217621 188 61359 56251 5093 15 BAD DEBTS 1558495 1558495 PROGRAM AND CLIENT EXPE 459967 353158 2121 104688 75527 67940 5547 2040 12808967 10513156 1673208 622603 485792 534789 5251162 2715457 1891493 1061517 8202818 1170889 208832 278426 5186789 1363483 848982 3823306 5149808 5618939 13189107 14068338 12797791 12398187 21124829 40865994 69150614 82535842 3117078 3144088 28157337 42840762 17401813 18340143 48676228 64324993 X 14979111 16465235 5495275 1745614 20474386 18210849 69150614 82535842 X -2553959 308269 -17847 X 0 1 X 1 1 1 X 3499050 5418383 8324586 7170194 5846063 30258276 3499050 5418383 8324586 7170194 5846063 30258276 1207438 29050838 101761 134491 263417 366737 136027 1002433 59611 34833 846638 121065 1062147 32322856 14025289 0.89880 0.90550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300573 300573 3209353 1136472 2072881 1549840 99988 1449852 127023 127023 0 3823306 NOTES RECEIVABLE 14068338 F 14068338 PROJECTS UNDER DEVELOPMENT 35359744 RESTRICTED DEPOSITS - HOME IMPROVEMENT PROGRAM FUNDS 964603 DUE FROM AFFILIATES 4541647 40865994 CONTRACTUAL ADVANCES 4761596 RIGHT OF USE LIABILITY 13578547 18340143 X PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE COMPANY'S INFORMATION OR TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. 0 RINDGE COMMONS NORTH SUPPORT CORPORATION 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 871470155 501(C)(3) 0 1450590 CASH VALUE FORGIVENESS OF DEBT GENERAL SUPPORT NEXT STEPS HOUSING CORPORATION 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 830382839 501(C)(3) 0 254430 CASH VALUE FORGIVENESS OF DEBT GENERAL SUPPORT 2 0 X X 0 0 0 0 0 0 0 0 0 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 178596 0 0 0 0 0 5624 0 21515 0 205735 0 0 0 NOAH SAWYER DIRECTOR OF REAL ESTATE 152021 0 0 0 0 0 4950 0 21369 0 178340 0 0 0 ROBERT BRAININ DIRECTOR OF FINANCE & ADMIN 145096 0 0 0 0 0 4379 0 21230 0 170705 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. PRIOR TO SUBMISSION, THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS ARE REQUIRED TO SUPPLY A SIGNED CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE KEPT ON FILE AT THE OFFICES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZED THE SERVICES OF AN INDEPENDENT EXECUTIVE SEARCH FIRM WHO CONDUCTED AN ASSESSMENT OF COMPARABLE SALARIES FOR AGENCIES OF SIMILAR SIZE AND COMPLEXITY. THE COMPENSATION POLICY REQUIRES PERIODIC REVIEW OF ESTABLISHED SALARY RANGES FOR ALL POSITIONS. SALARIES ARE DETERMINED FROM A SET OF RANGES, WHICH ARE BASED ON DATA ACQUIRED BY THE INDEPENDENT SEARCH FIRM. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT TO BASIS IN LP INVESTMENT -17,847. ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) ELECTION EFFECTIVE: TAX YEAR ENDING 12/31/24 ELECTION PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) RINDGE COMMONS NORTH 4 JAS LLC, A MASSACHUSETTS LIMITED LIABILITY COMPANY (THE "COMPANY") WITH AN ADDRESS OF 430 RINDGE AVE., #301, CAMBRIDGE, MA 02140, WHOSE FEDERAL IDENTIFICATION NUMBER IS 87-4586061, IS A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN INTERNAL REVENUE CODE SECTION 168(H)(G)(F)(II) IN THAT ITS SOLE MEMBER IS JUST-ASTART CORPORATION, A MASSACHUSETTS NONPROFIT CORPORATION WITH AN ADDRESS OF 430 RINDGE AVE., #301, CAMBRIDGE, MA 02140, WHOSE FEDERAL INDENTIFICATION NUMBER IS 23-7121174 AND WHICH IS EXEMPT FROM TAXATION UNDER 501(C) OF THE CODE. THE COMPANY IS A MEMBER OF RINDGE COMMONS NORTH 4 LLC, A MASSACHUSETTS LIMITED PARTNERSHIP WHOSE FEDERAL IDENTIFICATION NUMBER IS 87-4629413, THAT OWNS DEPRECIABLE, TANGIBLE PROPERTY AND THAT HAS AT LEAST ONE MEMBER THAT IS NOT A TAX-EXEMPT ENTITY. PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II), THE COMPANY HEREBY ELECTS TO MAKE AN IRREVOCABLE AND INDEFINITE ELECTION NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE 168(H)(5) AND (6). BY THIS ELECTION, ANY GAIN RECOGNIZED ON THE DISPOSITION OF AN INTEREST IN THE COMPANY (AS WELL AS ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE COMPANY) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. JAS AFFORDABLE HOUSING LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 454493202 REAL ESTATE DEVELOPMENT MA 9867 53962 JUST-A-START CORPORATION JAS HOMEOWNERSHIP LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 465537350 CONDO PURCHASE AND RESALE MA 0 5493934 JUST-A-START CORPORATION 24 WEBSTER LAND LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 853929526 REAL ESTATE DEVELOPMENT MA 20254 5845983 JUST-A-START CORPORATION JUST-A-START HOLDINGS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 820781419 REAL ESTATE DEVELOPMENT MA 0 0 JUST-A-START CORPORATION 52 NEW STREET LAND LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 843498603 REAL ESTATE DEVELOPMENT MA 0 10812772 JUST-A-START CORPORATION JAS SOLAR PPA LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 332461679 REAL ESTATE DEVELOPMENT MA 70000 20000 JUST-A-START CORPORATION RINDGE COMMONS NORTH LAND OWNER LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 874644248 REAL ESTATE DEVELOPMENT MA 0 134054 JUST-A-START CORPORATION 35 CHERRY LANDOWNER LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 995062407 REAL ESTATE DEVELOPMENT MA 0 131098 JUST-A-START CORPORATION 1840 MASS LANDOWNER LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 994402619 REAL ESTATE DEVELOPMENT MA 0 10687943 JUST-A-START CORPORATION 37 BROOKLINE LANDOWNER LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 931752436 REAL ESTATE DEVELOPMENT MA 0 2282277 JUST-A-START CORPORATION 24 WEBSTER LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 921421396 REAL ESTATE DEVELOPMENT MA 0 0 JUST-A-START CORPORATION NEXT STEPS HOUSING CORPORATION 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 830382839 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 JUST-A-START CORPORATION 1 RINDGE COMMONS NORTH SUPPORT CORPORATION 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 871470155 AFFORDABLE HOUSING MA 501(C)(3) LINE 12C, III-FI N/A 0 CLOSE BUILDING ASSOCIATES LIMITED PARTNERSHIP 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 042590599 AFFORDABLE HOUSING MA JUST-A-START CORPORATION RELATED INCOME 357570 11916290 0 1 0.98310 ELM PLACEJAS LIMITED PARTNERSHIP 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 272324792 AFFORDABLE HOUSING MA N/A 0 0 BISHOP ALLEN APARTMENTS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 352457139 AFFORDABLE HOUSING MA N/A 0 0 RINDGE TOWER APARTMENTS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 473736323 AFFORDABLE HOUSING MA N/A 0 0 JAS CONSOLIDATED PROPERTIES LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 611812245 AFFORDABLE HOUSING MA N/A 0 0 THE CLOSE BUILDING LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 354055837 AFFORDABLE HOUSING MA N/A 0 0 SQUIRRELWOOD LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 301005499 AFFORDABLE HOUSING MA N/A 0 0 RINDGE TOWER APARTMENTS JAS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 474149436 AFFORDABLE HOUSING MA JUST-A-START CORPORATION RELATED INCOME -96 11200 0 1 0.79000 RINDGE COMMONS NORTH 4 LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 874629413 AFFORDABLE HOUSING MA N/A 0 0 52 NEW STREET OWNER MM LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 922965804 AFFORDABLE HOUSING MA JUST-A-START CORPORATION RELATED INCOME 0 1 0.79000 JASCDC INC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 042943680 GENERAL PARTNER ENTITY MA JUST-A-START CORPORATION C 15196 185676 1.00000 1 ELM PLACEJAS INC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 272324640 GENERAL PARTNER ENTITY MA JUST-A-START CORPORATION C 2 31456 0.79000 1 BISHOP ALLEN JAS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 461138830 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C 2 1.00000 1 JAS CONSOLIDATED MM LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 814924728 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C 11 30 1.00000 1 RINDGE COMMONS NORTH 4 JAS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 874586061 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C 1 1.00000 1 0 1 1 1 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 CLOSE BUILDING ASSOCIATES C 843729 CASH VALUE 52 NEW STREET OWNER MM LLC D 4206436 CASH VALUE NEXT STEPS HOUSING CORPORATION B 254430 CASH VALUE