2015-11-16T12:37:49-06:00 2015-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2014-07-01 263862976 DEVELOPSPRINGFIELD CORPORATION DEVE 4132098808 1182 MAIN STREET SPRINGFIELD MA 01103 ABDALLAH MINKARAH PRESIDENT/CEO 4132098808 2015-11-04 1 RUDY M D'AGOSTINO P00962620 4135368510 2015-10-14 2014 2016-04-25 22:37:26Z ABDALLAH MINKARAH 1182 MAIN STREET SPRINGFIELD MA 01103 1602847 0 X WWW.DEVELOPSPRINGFIELD.COM X 2008 MA TO AID DEVELOPMENT OR REDEVELOPMENT OF PROPERTY IN THE CITY OF SPRINGFIELD, MASSACHUSETTS AND AID IN THE DEVELOPMENT, OPERATION AND MANAGEMENT OF FACILITIES AND INFRASTRUCTURE NECESSARY TO SUPPORT THE ECONOMIC VITALITY OF THE CITY. 18 18 4 50 150 0 1104568 1494954 0 0 8218 6748 9165 66594 1121951 1568296 55322 212567 0 0 346638 386182 0 0 39070 461345 359652 863305 958401 258646 609895 4326908 4868952 208768 140917 4118140 4728035 X TO AID IN THE SPEEDY AND ORDERLY DEVELOPMENT OR REDEVELOPMENT OF PROPERTY IN THE CITY OF SPRINGFIELD, INCLUDING BUT NOT LIMITED TO UNUSED, UNDERUSED OR UNDERDEVELOPED AREAS, AND IN THE DEVELOPMENT, OPERATION, AND MANAGEMENT OF FACILITIES AND INFRASTRUCTURE NECESSARY TO SUPPORT THE ECONOMIC VITALITY OF THE CITY AND OTHER RELATED CHARITABLE PURPOSES. 0 0 142456 140616 CORRIDOR STOREFRONT IMPROVEMENT PROGRAM ASSISTING BUSINESSES AND PROPERTY OWNERS TO IMPROVE THE PHYSICAL APPEARANCE OF BUSINESSES AND ENHANCE COMMERCIAL DISTRICTS ALONG TWO PRINCIPAL URBAN CORRIDORS 189145 71951 TORNADO RELIEF FUND TO REVITALIZE AND CREATE JOBS BY ASSISTING IN THE REDEVELOPMENT OF SUBSTANDARD, DETERIORATED, OR BLIGHTED PROPERTIES AFFECTED OR WITHIN THE PATH OF THE JUNE 1, 2001 TORNADO IN SPRINGFIELD, MASSACHUSETTS. 179281 SPRINGFIELD INNOVATION CENTER TO CREATE A MIXED-USE HUB OF ENTREPRENEURIAL ACTIVITY THAT INCLUDES CO-WORKING, PRESENTATION, AND FUNCTION SPACES AND SPACE FOR BUSINESS EXPANSION AS ENTREPRENEURS GROW. 119273 STATE STREET REDEVELOPMENT PROGRAMS AND PROJECTS TO REVITALIZATION AND CREATE JOBS THROUGH REDEVELOPMENT OF SUBSTANDARD, DETERIORATED OR BLIGHTED PROPERTIES ALONG THE COMMERCIAL DISTRICT OF STATE STREET IN SPRINGFIELD, MASSACHUSETTS. 55785 31145 MISCELLANEOUS PROGRAMS AND INITIATIVES TO ADVANCE ECONOMIC DEVELOPMENT AND REVITALIZATION WITHIN THE CITY OF SPRINGFIELD, MASSACHUSETTS THROUGH STRATEGIC INVESTMENTS DESIGNED TO STIMULATE JOB GROWTH AND THE REDEVELOPMENT OF SUBSTANDARD, DETERIORATED, OR BLIGHTED PROPERTIES. 175058 31145 685940 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 12 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X JAY MINKARAH 4132098808 1182 MAIN STREET SPRINGFIELD MA 01103 NICHOLAS FYNTRILAKIS CHAIR, DIRECTOR 2.00 X X 0 0 0 MELINDA PHELPS VICE CHAIR, DIRECTOR 2.00 X X 0 0 0 J JEFFREY SULLIVAN TREASURER, DIRECTOR 2.00 X X 0 0 0 GARY FIALKY CLERK, DIRECTOR 2.00 X X 0 0 0 GLENN WELCH DIRECTOR 1.00 X 0 0 0 MICHAEL VEDOVELLI DIRECTOR THRU 4/28/15 1.00 X 0 0 0 STEVEN BRADLEY DIRECTOR THRU 8/26/14 1.00 X 0 0 0 JOSE CLAUDIO ASST CLERK,DIRECTOR 1.00 X X 0 0 0 DALE JANES ASST TREASURER,DIRECTOR 1.00 X X 0 0 0 SUSAN RENEE JOHNSON DIRECTOR THRU 9/23/14 1.00 X 0 0 0 BRIAN CONNORS DIRECTOR 1.00 X 0 0 0 ROBERT JACKSON DIRECTOR 1.00 X 0 0 0 ARMANDO FELICIANO DIRECTOR 1.00 X 0 0 0 FRANK CRINELLA DIRECTOR 1.00 X 0 0 0 ANDREA LUPPI DIRECTOR 1.00 X 0 0 0 DOUG MACMILLAN DIRECTOR 1.00 X 0 0 0 KELVIN MOLINA DIRECTOR 1.00 X 0 0 0 JENNIFER ENDICOTT DIRECTOR 1.00 X 0 0 0 PATRICIA SLOCUM DIRECTOR 1.00 X 0 0 0 KATIE STEBBINS DIRECTOR 6/8/15 THRU 8/1/15 1.00 X 0 0 0 CHARLIE TZOUMAS DIRECTOR 1.00 X 0 0 0 JAY MINKARAH PRESIDENT/CEO 40.00 X 151246 0 15034 151246 0 15034 1 0 1 0 UTILE INC 115 KINGSTON STREET BOSTON MA 02111 PLANNING SERVICES 155554 1 79530 560000 855424 1494954 6748 6748 73295 0 73295 73295 31145 150 42000 27850 79530 34551 -6701 -6701 1568296 31145 150 42047 X 212567 212567 148669 118935 25274 4460 166458 88728 50544 27186 9818 6483 2358 977 32897 19150 9303 4444 28340 20778 5559 2003 5169 5169 7200 7200 160261 160468 -207 8674 1010 7664 5823 5823 7560 7560 19476 13013 6463 3587 3587 2245 2245 3380 3380 24611 16735 7876 REPAIRS & MAINT. 21684 21684 POSTAGE / PRINTING 5944 5944 SUPPLIES 2771 2771 81267 28073 53194 958401 685940 233391 39070 1406299 977133 223374 301132 26800 19691 9715 13356 9976 2468458 3333104 215421 220807 4326908 4868952 204368 63823 4400 1500 75594 208768 140917 X 2558709 3254235 1559431 1473800 4118140 4728035 4326908 4868952 609895 0 X X 0 1 X 1 0 X 470075 2626387 943263 1104568 1494954 6639247 470075 2626387 943263 1104568 1494954 6639247 3574886 3064361 10862 8507 8532 20968 48748 97617 47955 46847 150 94952 6831816 32956 0.44850 0.46420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3758 1879 1879 15933 7836 8097 9976 REAL ESTATE HELD FOR DEVELOPMENT 3333104 C 3333104 X 1620847 18000 34551 52551 1568296 0 1568296 1010952 18000 34551 52551 958401 0 958401 PART IV, LINE 2B: TENANT SECURITY DEPOSITS PART X, LINE 2: THE ORGANIZATION IS REQUIRED TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. A TAX POSITION IS DEEMED TO INCLUDE SUCH THINGS AS THE ORGANIZATION'S TAX EXEMPT STATUS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISER EXPENSES NETTED WITH INCOME 34,551. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISER EXPENSES NETTED WITH INCOME 34,551. X X X X 0 ECONOMIC DEVELOPMENT ASSISTANCE CONSORTIUM 21 MERCHANTS ROW BOSTON MA 02109 GRANT WRITING 0 0 20000 -20000 20000 -20000 ANNUAL GALA 107380 79530 27850 4425 500 28463 300 863 107380 79530 27850 4425 500 28463 300 863 34551 -6701 1 CORRIDOR STORE IMPROVEMENT GRANT 5 140616 CURB APPEAL PROGRAM 16 71951 PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO MATCH 25% OF THE COST OF THE PROJECT WITH THEIR OWN SOURCE OF FUNDING. DISBURSEMENT OF GRANTS WILL NOT TAKE PLACE UNTIL SUCCESSFUL COMPLETION OF THE PROJECT AND PAYMENT OF ALL ASSOCIATED VENDORS BY THE APPLICANT. 0 0 0 0 0 0 0 0 0 JAY MINKARAH PRESIDENT/CEO 136246 0 15000 0 0 0 0 0 15034 0 166280 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE AMENDED TO INCREASE THE SIZE OF THE BOARD FROM 18 TO 21 MEMBERS AND THE PURPOSE CLAUSE OF THE ARTICLES OF ORGANIZATION WAS AMENDED BY ADDING: "WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE PURPOSES OF THE CORPORATION SHALL INCLUDE ECONOMIC DEVELOPMENT, JOB CREATION, IMPROVEMENT OF NEIGHBORHOODS AND ELIMINATION OF BLIGHT IN THE CITY OF SPRINGFIELD" FORM 990, PART VI, SECTION A, LINE 6 THE CLASS A MEMBER IS THE SPRINGFIELD REDEVELOPMENT AUTHORITY ("SRA") WHICH ACTS BY MAJORITY VOTE OF THE COMMISSIONERS OF THE SRA. ALL INDIVIDUAL MEMBERS OF THE BOARD ARE CLASS B MEMBERS. ACTIONS OF THE CLASS B MEMBERS REQUIRE A SUPERMAJORITY VOTE OF TWO-THIRDS OF THE MEMBERS. THE MEMBERS HAVE THE RIGHTS UNDER MASSACHUSETTS LAW, INCLUDING THE RIGHT TO AMEND BYLAWS AND ARTICLES OF ORGANIZATION AND APPROVE CORPORATE CONSOLIDATION, MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A THE SECRETARY OF HOUSING AND ECONOMIC DEVELOPMENT OF THE COMMONWEALTH OF MASSACHUSETTS HAS THE POWER TO APPOINT ONE BOARD MEMBER. THE SPRINGFIELD REDEVELOPMENT AUTHORITY HAS THE POWER TO APPOINT ONE DIRECTOR. ANOTHER BOARD MEMBER IS THE CHIEF DEVELOPMENT OFFICER FOR THE CITY OF SPRINGFIELD. THE MAYOR OF THE CITY OF SPRINGFIELD HAS THE POWER TO APPOINT ONE THIRD OF THE REMAINING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVIEWED BY THE TREASURER AND CHAIRPERSON PRIOR TO BEING PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AND ON AN ANNUAL BASIS MUST SIGN THE STATEMENT THAT THEY ARE IN COMPLIANCE WITH THE POLICY FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION WAS DETERMINED BASED ON RESEARCH OF SALARY GUIDES FOR SIMILIAR POSITION AND ORGANIZATION BASED ON THE EXPERIENCE OF THE INDIVIDUAL THROUGH VARIOUS ON LINE RESOURCES AND GUIDANCE FROM MEMBERS OF THE BOARD OF DIRCTORS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACT SERVICES : PROGRAM SERVICE EXPENSES 160,468. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160,468. ENVIRONMENTAL SERVICES : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -834. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -834. OTHER FEES FOR SERVICE - MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 627. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 627. PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR. STRATEGIC ACQUISITIONS LLC 1182 MAIN STREET SPRINGFIELD MA 01103 001098317 TO ACQUIRE OWN AND MANAGE REAL ESTATE MA 0 DEVELOPSPRINGFIELD CORPORATION DS MARKETS INC 1183 MAIN STREET SPRINGFIELD MA 01103 473374867 OPERATION OF A FOOD SUPERMARKET MA C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 STRATEGIC ACQUISITIONS S 560900 ASSESSED VALUE OF THE PROPERTY