2015-07-29T07:41:22-05:00 2014-12-31 042660283 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-01-01 042660283 THE NEIGHBORHOOD DEVELOPERS INC NEIG 6178891375 4 GERRISH AVENUE CHELSEA MA 02150 ANN HOUSTON EXECUTIVE DIRECTOR 6178891375 2015-07-23 1 MATTHEW TROIANO CPA P01263939 5083669100 2015-07-23 2014 2016-03-07 17:11:31Z ANN HOUSTON 4 GERRISH AVENUE CHELSEA MA 02150 4283848 0 X WWW.THENEIGHBORHOODDEVELOPERS.ORG X 1978 MA THE VISION OF THE NEIGHBORHOOD DEVELOPERS, INC. IS THAT GREAT NEIGHBORHOODS EMPOWER PEOPLE TO GROW AND PROSPER. TND IS A COMMUNITY DEVELOPMENT CORPORATION THAT SEEKS TO REVITALIZE DISTRESSED NEIGHBORHOODS AND TO FOSTER EQUITABLE COMMUNITY DEVELOPMENT IN CHELSEA AND REVERE MASSACHUSETTS AND NEIGHBORING NORTH SHORE COMMUNITIES. WE WERE FOUNDED IN 1979 AND FOR OUR FIRST 25 YEARS, AFFORDABLE HOUSING DEVELOPMENT WAS OUR PRIMARY AREA OF ACTIVITY. OVER TIME, WE LEARNED THAT WE NEEDED TO BROADEN OUR COMMUNITY DEVELOPMENT STRATEGIES TO ACHIEVE MEANINGFUL REVITALIZATION OF NEIGHBORHOODS. IN 2006, WE SHIFTED OUR EMPHASIS FROM BUILDING AFFORDABLE HOMES TO BUILDING VITAL NEIGHBORHOODS BY DEVELOPING A VISION AND MISSION THAT SUPPORTS AN INTEGRATED APPROACH TO OUR NEIGHBORHOOD REVITALIZATION EFFORTS. TO THIS END, TND PARTNERS WITH PUBLIC AND PRIVATE SECTOR INSTITUTIONS AND THE RESIDENTS OF THE NEIGHBORHOODS WE SERVE TO FOSTER CROSS-SECTOR COMMUNITY REVITALIZATION. 12 12 32 195 0 0 1634954 2028322 1331967 2149688 79259 94413 16079 5342 3062259 4277765 0 79773 0 0 1347356 1540545 0 0 199219 1723405 1957097 3070761 3577415 -8502 700350 19848570 23547655 12221198 15219933 7627372 8327722 X TO BUILD VIBRANT AND DIVERSE NEIGHBORHOODS WITH HOMES THAT ARE AFFORDABLE TO FAMILIES WITH A MIX OF INCOMES, AND WHERE PEOPLE CHOOSE TO INVEST IN THE NEIGHBORHOOD'S SOCIAL FABRIC, ECONOMIC OPPORTUNITIES, AND BUILT ENVIRONMENTS. TO THIS END, TND EMPLOYS THREE INVESTMENT STRATEGIES TO BUILD VIBRANT AND SUSTAINABLE NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO STRENGTHEN HOUSING MARKETS AND TO EXPAND AFFORDABLE HOUSING INVENTORY; COMMUNITY ENGAGEMENT TO FOSTER A RESILIENT SOCIAL FABRIC AND CIVIC INFRASTRUCTURE; AND RESIDENT ASSET DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS. 0 0 670675 29773 1408308 REAL ESTATE DEVELOPMENT -TND EMPLOYS REAL ESTATE TO TRANSFORM DISTRESSED AREAS INTO HEALTHY NEIGHBORHOODS BY DEVELOPING AFFORDABLE AND MIXED-INCOME HOUSING, AMENITIES AND INFRASTRUCTURE TO IMPROVE HOUSING CONDITIONS AND BUILD HEALTHIER MARKET DYNAMICS. IN STRONGER NEIGHBORHOODS, WE DEVELOP AFFORDABLE HOUSING TO EXPAND HOUSING CHOICE. OUR PROPERTIES ARE DESIGNED TO ENCOURAGE POSITIVE SOCIAL INTERACTION AND COMMUNITY BUILDING. SINCE 2005, OUR HOUSING PORTFOLIO HAS INCREASED BY 175% FROM 110 TO 302 UNITS. CURRENTLY, 99% OF OUR APARTMENTS BENEFIT HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. DURING 2014, SEVEN SUPPORTIVE HOUSING UNITS COMPLETED CONSTRUCTION, AND AT YEAR END, 40 UNITS WERE IN CONSTRUCTION AND 107 UNITS WITH SITE CONTROL WERE IN PRE-DEVELOPMENT. 961843 696511 RENTAL - TND MANAGES A PORTFOLIO OF 302 UNITS THAT HOUSE LOW-INCOME HOUSEHOLDS. CURRENTLY, 99% OF OUR APARTMENTS BENEFIT HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. DURING 2014 TND COMPLETED CONSTRUCTION OF SEVEN SUPPORTIVE HOUSING UNITS, AND PROGRESSED THE CONSTRUCTION OF 40 ADDITIONAL UNITS (TARGETING EARLY 2015 COMPLETION). AT THE END OF THE YEAR, TND HAD SITE CONTROL OF THREE PROPERTIES AND WAS MANAGING PRE-DEVELOPMENT OF 107 AFFORDABLE AND MIXED-INCOME HOUSING UNITS. 773537 CONNECT: A FINANCIAL OPPORTUNITY CENTER -IN 2012, CONNECT WAS LAUNCHED - A COLLABORATIVE PROGRAM, LED BY TND, IN WHICH TND INTEGRATES OUR RESIDENT ASSET DEVELOPMENT SERVICES WITH THOSE OF FIVE ADDITIONAL PARTNERS. CONNECT PROVIDES RESOURCES THAT FACILITATE FAMILIES' ABILITY TO MEET BASIC NEEDS AND THEN PROGRESS TO STABLE INCOME AND FINANCIAL MOBILITY. AS THE LEAD AGENCY, OR BACKBONE OF CONNECT, TND PROVIDES CONNECT'S FACILITY, COORDINATES INTEGRATED MULTI-PARTY SERVICE DELIVERY AND MANAGES THE PROGRAM'S DATA COLLECTION AND EVALUATION. IN 2014, MORE THAN 4000 HOUSEHOLDS BENEFITTED FROM CONNECT'S EMPLOYMENT, EDUCATIONAL, FINANCIAL COACHING, AND INCOME STABILIZATION PROGRAMMING. 109174 RESIDENT ASSET DEVELOPMENT -TND ASSISTS LOW-INCOME HOUSEHOLDS TO IMPROVE THEIR STANDARD OF LIVING AND TO ASPIRE FOR A BETTER ECONOMIC FUTURE. AT THE CONNECT CENTER, TND DELIVERS FINANCIAL EDUCATION TO BUILD HOUSEHOLD BUDGETING AND MONEY MANAGEMENT SKILLS (173 SERVED IN 2014), AND PROVIDES ACCESS TO PUBLIC INCOME SUPPORTS THROUGH PUBLIC BENEFITS SCREENING (242 SERVED) AND FREE TAX PREPARATION (1015 SERVED). ADDITIONALLY, AT CONNECT, TND DELIVERS FINANCIAL COACHING (270 SERVED) AND PEER SUPPORT (67 SERVED), TWO PROGRAMS THAT ASSIST LOW-INCOME INDIVIDUALS TO SET AND WORK TOWARDS FINANCIAL GOALS. 312787 50000 51173 COMMUNITY ENGAGEMENT - TND FOSTERS COMMUNITY RELATIONSHIPS AND LEADERSHIP, AS THEY ARE THE UNDERPINNINGS OF PRODUCTIVE SOCIAL NETWORKS AND ORGANIZATIONS. CIVIC ENGAGEMENT AND THOUGHTFUL PLANNING EFFORTS BETTER ALIGN COMMUNITY SERVICES AND RESOURCES WITH COMMUNITY PRIORITIES TO IMPROVE THE QUALITY OF LIFE FOR THE COMMUNITY AS A WHOLE. IN 2014, 165 KEY LEADERS AND STAFF MOBILIZED 1455 UNIQUE INDIVIDUALS TO JOIN COMMUNITY BUILDING AND CIVIC ENGAGEMENT ACTIVITIES WITH 3115 AS THE SUM OF ATTENDANCE ACROSS ALL ACTIVITIES. 106321 CHELSEA THRIVES -ACROSS THE NATION, THE COMMUNITY DEVELOPMENT SECTOR IS RETHINKING HOW TO TACKLE COMPLEX ISSUES USING EVIDENCE-BASED, DATA-DRIVEN AND INTEGRATED CROSS-SECTOR SOLUTIONS. IN MASSACHUSETTS, THE FEDERAL RESERVE BANK OF BOSTON LAUNCHED THE WORKING CITIES CHALLENGE TO ADVANCE COLLABORATIVE LEADERSHIP AND SUPPORT AMBITIOUS SYSTEMS-CHANGING WORK TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE IN OUR STATE'S SMALL AND MEDIUM-SIZED CITIES. CHELSEA'S WORKING CITIES PROJECT, CHELSEA THRIVES, IS GROUNDED IN A COLLECTIVE IMPACT APPROACH IN WHICH 30 OF CHELSEA'S LEADING PRIVATE AND PUBLIC SECTOR INSTITUTIONS ARE WORKING CLOSELY WITH RESIDENTS TO POOL AND COORDINATE RESOURCES AND ACTIVITIES AROUND SHARED HEALTHY COMMUNITY GOALS. A FOCUS ON BOTH PEOPLE AND PLACE, THAT LIFTS LOCAL RESIDENTS OUT OF POVERTY WHILE BUILDING A HEALTHY, SAFE AND LIVABLE NEIGHBORHOOD THAT BENEFITS BOTH RESIDENTS AND THE CITY IS THE AIM OF CHELSEA THRIVES. TND PLAYS THE ROLE OF PROJECT BACKBONE, FACILITATING CROSS-SECTOR PROGRAM INTEGRATION. 528282 50000 51173 2934337 1 1 0 0 0 0 0 0 0 0 1 0 0 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 42 0 32 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X X DAVID KEENE 6178891375 4 GERRISH AVENUE CHELSEA MA 02150 TECHROSETTE LENG DIRECTOR 1.00 X 0 0 0 PETER HOLLANDS DIRECTOR 1.00 X 0 0 0 DIMPLE RANA DIRECTOR 1.00 X 0 0 0 WILLIAM H WILLIS SECRETARY 1.00 X X 0 0 0 MICHAEL MARTIN TREASURER 1.00 X X 0 0 0 CHARLENE BAUER PRESIDENT 1.00 X X 0 0 0 JUAN VEGA DIRECTOR 1.00 X 0 0 0 KRISTEN JANJAR DIRECTOR 1.00 X 0 0 0 ORLANDO JAQUEZ VICE PRESIDENT 1.00 X X 0 0 0 ALBERTO CALVO DIRECTOR 1.00 X 0 0 0 WILLIAM MORRISON DIRECTOR 1.00 X 0 0 0 LISA SANTAGATE DIRECTOR 1.00 X 0 0 0 ANN HOUSTON EXECUTIVE DIRECTOR 45.00 X 138470 0 28657 DAVID KEENE DIRECTOR OF FINANCE & OPER 45.00 X 117296 0 27022 255766 0 55679 2 0 1 0 NORTHEAST INTERIORS INC 27 PARCELLA PARK DRIVE RANDOLPH MA 02368 CONSTRUCTION 2451590 HACKETT FEINBERG PC 155 FEDERAL STREET BOSTON MA 02110 LEGAL SERVICES 160979 UTILE INC 115 KINGSTON STREET BOSTON MA 02111 ARCHITECTS 146975 3 50407 1036415 941500 2028322 FEES & PROJECT REIMBUR 561700 1396232 1396232 RENTAL INCOME 531110 753456 753456 2149688 93451 93451 7045 6083 962 962 962 MISCELLANEOUS 900099 5342 5342 5342 4277765 2155992 0 93451 X 79773 79773 327592 232645 77439 17508 963699 802807 90510 70382 33377 27658 3067 2652 103966 87005 8456 8505 111911 90319 13991 7601 35289 35289 10298 9516 756 26 42294 14641 27653 569677 441017 57399 71261 175740 142140 26221 7379 610795 527076 75668 8051 22406 10374 11982 50 385755 360671 25084 MISCELLANEOUS 97276 65839 25633 5804 LOSS ON NON-RECOVERABLE 6048 6048 BAD DEBTS 1519 1519 3577415 2934337 443859 199219 2239161 1686630 378000 457098 314566 304365 2590940 2435457 14639589 1649143 11065486 12990446 3260417 5673659 19848570 23547655 547000 838511 11670264 14370158 3934 11264 12221198 15219933 X 4269949 4975998 1708788 1872816 1648635 1478908 7627372 8327722 19848570 23547655 700350 0 X X 0 1 X 1 1 1 X 1252229 1009394 1220652 1634954 2028322 7145551 1252229 1009394 1220652 1634954 2028322 7145551 462411 6683140 61763 84863 84791 101458 93451 426326 117275 8246 424346 16079 5342 571288 8143165 8055621 0.82070 0.78150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1897752 1897752 12566574 1592314 10974260 175263 56829 118434 12990446 PROJECTS UNDER DEVELOPMENT 3015883 OTHER CURRENT ASSETS 16899 ESCROW ACCOUNTS 22921 DUE FROM RELATED PARTIES 1631795 INVESTMENTS IN AFFILIATES 891199 CAPITALIZED COSTS, NET 94962 5673659 DUE TO RELATED PARTIES 11264 11264 X PART X, LINE 2: TND, INC. AND AFFILIATES ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TND, INC. AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2014. HOWEVER, TND, INC. AND AFFILIATES ARE SUBJECT TO AUDIT BY TAX AUTHORITIES. TND, INC. AND AFFILIATES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON THEIR TAX RETURNS. 0 REVERE TORNADO RELIEF FUND INC PO BOX 496 REVERE MA 02151 471565547 501(C)(3) 50000 SUPPORT FOR TORNADO RELIEF. 525 BEACH STREET LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 300711605 29773 SUPPORT FOR ENVIRONMENTAL COSTS ASSOCIATED WITH THE DEVELOPMENT OF 525 BEACH STREET. 1 1 X 0 0 0 0 0 0 0 0 0 ANN HOUSTON EXECUTIVE DIRECTOR 138470 0 0 0 0 0 0 0 28657 0 167127 0 0 0 FROM 990, PART I, LINE I MISSION STATEMENT (CONTINUED)- SINCE 2005, OUR HOUSING HAS INCREASED BY 175% FROM 110 TO 302 UNITS WITH $86M INVESTED IN PROPERTIES THAT AFFORDABLY HOUSE LOW-INCOME HOUSEHOLDS AND CONTRIBUTE TO NEIGHBORHOOD VITALITY. IN 2012, TND AND FIVE PARTNERS LAUNCHED CONNECT AS A ONE-STOP FINANCIAL OPPORTUNITY CENTER THAT NOW SERVES 4000 ANNUALLY WHILE OUR COMMUNITY ENGAGEMENT PROGRAMMING INVOLVES 1500-2000 INDIVIDUALS ANNUALLY IN COMMUNITY BUILDING AND CIVIC ENGAGEMENT PROGRAMMING. FORM 990, PART VI, SECTION A, LINE 6 CHANGES TO TND'S BYLAWS ARE MADE BY THE BOARD OF DIRECTORS AND SUBJECT TO THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A TND HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT PROVIDES A DRAFT OF THE TAX RETURN TO THE BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW. ALL DESIRED CHANGES ARE COMMUNICATED TO THE AUDITOR AND CONSIDERED FOR COMPLIANCE WITH RELEVANT TAX LAWS PRIOR TO BEING APPLIED AND THE TAX RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD EACH YEAR AND THE BOARD SIGNS OFF. ANY NEW CONTRACTS ARE REVIEWED WITH THE CONFLICT OF INTEREST IN MIND. IF ANY POTENTIAL CONFLICT ARISES IT IS REPORTED TO THE BOARD FOR DISCUSSION AND REVIEW. IN ORDER TO AVOID THE REVIEW PROCESS, ANY POTENTIAL CONTRACTS THAT MAY PRESENT THIS PROBLEM ARE TYPICALLY NOT SERIOUSLY CONSIDERED. FORM 990, PART VI, SECTION B, LINE 15 A WRITTEN EVALUATION/REVIEW OF THE EXECUTIVE DIRECTOR IS PREPARED BY EACH OF THE BOARD MEMBERS AND PRESENTED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE PROCESSES AND ASSESSES THE EVALUATIONS AND PROVIDES A RECOMMENDATION ON COMPENSATION TO THE BOARD. THE BOARD MAKES THE ULTIMATE DECISION AS TO COMPENSATION BY A FULL VOTE. THE RECOMMENDATION IS BASED UPON PERFORMANCE AS WELL AS SALARY AND COMPENSATION DATA THAT IS COLLECTED FROM OTHER ORGANIZATIONS INVOLVED IN SIMILAR WORK AND ON A SIMILAR SCALE. THE DIRECTOR OF FINANCE HAS AN ANNUAL PERFORMANCE REVIEW AS DO ALL EMPLOYEES. THE PERFORMANCE REVIEW IS PERFORMED BY THE EXECUTIVE DIRECTOR. SEVERAL FACTORS ARE TAKEN INTO CONSIDERATION, FEEDBACK AND OBSERVATIONS FROM THE BOARD AND THE FINANCE COMMITTEE. AN INCREASE IN SALARY IS GIVEN IF WARRANTED BY JOB PERFORMANCE AND IF THE ECONOMICS OF THE ORGANIZATION AND BUDGET ALLOW FOR IT. THE SALARY IS COMPARED WITH OTHERS IN THE INDUSTRY AND GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING AND RENTAL CONTRACT LABOR: PROGRAM SERVICE EXPENSES 340,081. MANAGEMENT AND GENERAL EXPENSES 43,536. FUNDRAISING EXPENSES 65,263. TOTAL EXPENSES 448,880. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 67,411. MANAGEMENT AND GENERAL EXPENSES 8,526. FUNDRAISING EXPENSES 3,201. TOTAL EXPENSES 79,138. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 33,525. MANAGEMENT AND GENERAL EXPENSES 5,337. FUNDRAISING EXPENSES 2,797. TOTAL EXPENSES 41,659. FORM 990, PART XII, SECTION C, LINE 2 THE FINANCE COMMITTEE REVIEWS THE 990 WITH THE AUDITORS. THE BOARD HAS VOTED UNANIMOUSLY TO ALLOW THE FINANCE COMMITTEE TO APPROVE THE 990. CHELSEA NEIGHBORHOOD DEVELOPERS LLC 4 GERRISH AVE CHELSEA MA 02150 042660283 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 241668 5975419 N/A CHELSEA NEIGHBORHOOD DEVELOPERS II LLC 4 GERRISH AVE CHELSEA MA 02150 042660283 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 N/A REVERE NEIGHBORHOOD DEVELOPERS LLC 4 GERRISH AVE CHELSEA MA 02150 042660283 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 141302 2534758 N/A WALDEN HOUSE LLC 4 GERRISH AVE CHELSEA MA 02150 274194705 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 76334 2247151 N/A NORTH BELLINGHAM VETERANS HOME LLC 4 GERRISH AVE CHELSEA MA 02150 461456747 TO DEVELOP AND PROVIDE HOUSING FOR VETERANS MA 0 2808774 N/A TND HOMES I LLC 4 GERRISH AVE CHELSEA MA 02150 472622465 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 N/A TND HOMES I MM LLC 4 GERRISH AVE CHELSEA MA 02150 472622415 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 N/A CHELSEA HOMES I LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 201985546 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 JANUS HIGHLAND LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 205234587 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 113 SPENCER LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 261671776 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 GERRISH RETAIL PARTNERS LLC 4 GERRISH AVE CHELSEA MA 02150 208907601 OWN COMMERICAL REAL ESTATE THROUGH THE NEW MARKET TAX CREDITS PROGRAM MA N/A -45648 2648317 0 1 0.80000 SPENCER ROW LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 264422204 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 HIGHLAND TERRACE LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 273173985 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 0 0 525 BEACH STREET LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 300711605 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 525 BEACH STREET GP INC 7833863 0 0 0.99000 189 BROADWAY LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 364779654 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 189 BROADWAY GP INC 1248810 0 0 0.99000 242 SPENCER LIMITED PARTNERSHIP 4 GERRISH AVE CHELSEA MA 02150 472635013 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA 242 SPENCER GPINC 889121 0 0 0.99000 CHELSEA HOMES I GP INC 4 GERRISH AVE CHELSEA MA 02150 201982017 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -1079 123418 0.79000 0 JANUS HIGHLAND GP INC 4 GERRISH AVE CHELSEA MA 02150 205221813 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -1079 79 0.79000 0 113 SPENCER GP INC 4 GERRISH AVE CHELSEA MA 02150 261571833 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -1079 79 0.79000 0 SPENCER ROW GP INC 4 GERRISH AVE CHELSEA MA 02150 264382759 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -1366 5100 1.00000 0 HIGHLAND TERRACE GP INC 4 GERRISH AVE CHELSEA MA 02150 273157093 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C 38745 5100 1.00000 0 525 BEACH STREET GP INC 4 GERRISH AVE CHELSEA MA 02150 454104940 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -591 100 1.00000 0 189 BROADWAY GP INC 4 GERRISH AVE CHELSEA MA 02150 464740481 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -1506 100 1.00000 0 242 SPENCER GP INC 4 GERRISH AVE CHELSEA MA 02150 472634551 TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS MA N/A C -1616 1.00000 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 GERRISH RETAIL PARTNERS LLC K 169446 FAIR MARKET VALUE GERRISH RETAIL PARTNERS LLC D 243107 FAIR MARKET VALUE 525 BEACH LIMITED PARTNERSHIP L 670257 FAIR MARKET VALUE 525 BEACH LIMITED PARTNERSHIP D 65500 FAIR MARKET VALUE 525 BEACH LIMITED PARTNERSHIP A 1716 FAIR MARKET VALUE