THE NEIGHBORHOOD DEVELOPERS INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE NEIGHBORHOOD DEVELOPERS INC (EIN 04-2660283)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-06-29
- IRS object ID
- 201121809349300417
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-06-29T13:30:09-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1 |
| City | WESTBORO | City |
| State | MA | State |
| ZIP Code | 01581 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042660283 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHELSEA NEIGHBORHOOD DEVELOPERS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHEL | NameControl |
| Phone | 6178891375 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 GERRISH AVENUE | AddressLine1 |
| City | CHELSEA | City |
| State | MA | State |
| ZIP Code | 02150 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANN HOUSTON | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 6178891375 | Phone |
| Date Signed | 2011-06-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MATTHEW TROIANO CPA | Name |
| Phone | 5083669100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ANN HOUSTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 GERRISH AVENUE | AddressLine1 |
| City | CHELSEA | City |
| State | MA | State |
| ZIP Code | 02150 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3281639 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CHELSEAND.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1978 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | GREAT NEIGHBORHOODS EMPOWER PEOPLE TO GROW AND PROSPER; THIS IS THE VISION OF CHELSEA NEIGHBORHOOD DEVELOPERS, INC.(CND). CND IS A COMMUNITY DEVELOPMENT CORPORATION THAT SEEKS TO REVITALIZE DISTRESSED NEIGHBORHOODS AND TO FOSTER EQUITABLE COMMUNITY DEVELOPMENT IN CHELSEA, 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 17 | TotalNbrEmployees |
| Total Nbr Volunteers | 145 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1347142 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1252229 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1649624 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1468872 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -509326 | InvestmentIncomePriorYear |
| Investment Income Current Year | -170416 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 501939 | OtherRevenuePriorYear |
| Other Revenue Current Year | 114347 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2989379 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2665032 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1017245 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 884163 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 58263 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 94919 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 896561 | OtherExpensePriorYear |
| Other Expenses Current Year | 1110541 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1913806 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2052967 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1075573 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 612065 | RevenuesLessExpensesCY |
| Total Assets BOY | 12625086 | TotalAssetsBOY |
| Total Assets EOY | 16780342 | TotalAssetsEOY |
| Total Liabilities BOY | 6401648 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9944839 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6223438 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6835503 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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, CND 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 835217 | Expense |
| Revenue | 947018 | Revenue |
| Description | REAL ESTATE DEVELOPMENT -THROUGH TARGETED REAL ESTATE ACTIVITY AND VIA SMART NEIGHBORHOOD REVITALIZATION, WE SEEK TO BE A CATALYST FOR THE TRANSFORMATION OF DISTRESSED AREAS INTO HEALTHY NEIGHBORHOODS. IN 2010, CND COMPLETED 32 MULTI-FAMILY RENTAL UNITS AT SPENCER ROW. THROUGH OUR NEIGHBORHOOD STABILIZATION INITIATIVE (OUR RESPONSE TO THE HOME FORECLOSURE CRISIS AND ITS DESTABILIZING IMPACTS), CND HAS ACQUIRED 11 FORECLOSED PROPERTIES WITH 28 UNITS FOR REDEVELOPMENT OF AFFORDABLE HOUSING. AT THE END OF 2010, OUR TOTAL PORTFOLIO OF AFFORDABLE RENTAL APARTMENTS HAD INCREASED TO 253 UNITS. THE SCALE OF OUR CURRENT DEVELOPMENT WORK HAS REQUIRED SIGNIFICANT PARTNERSHIPS BETWEEN CND, THE CITY OF CHELSEA, A FOR-PROFIT DEVELOPER AND THE STATE'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT. DURING 2009, OUR BOARD APPROVED GEOGRAPHIC EXPANSION OF OUR REAL ESTATE ACTIVITY INTO REVERE; OUR FIRST REVERE PROJECT WAS COMPLETED IN 2010. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 538997 | Expense |
| Revenue | 377000 | Revenue |
| Description | RENTAL -CND OPERATES RESIDENTIAL PROPERTIES IN CHELSEA AND REVERE, MA. THE PROPERTIES CONTAIN 44 UNITS WHICH ARE RENTED TO LOW TO MODERATE INCOME FAMILIES OR INDIVIDUALS. DURING 2010, CND COMPLETED A NEW RESIDENTIAL PROPERTY IN REVERE, MA. THE NEW PROPERTY CONTAINS 6 UNITS WHICH ARE RENTED TO LOW TO MODERATE INCOME FAMILIES OR INDIVIDUALS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 222164 | Expense |
| Revenue | 17665 | Revenue |
| Description | RESIDENT ASSET DEVELOPMENT -IN HEALTHY NEIGHBORHOODS, RESIDENTS HAVE ASSETS THAT INCLUDE FINANCIAL ASSETS (A HOME, SAVINGS ACCOUNTS), EDUCATION AND SKILLS. CND INCREASES FINANCIAL KNOWLEDGE AND BUILDS RESIDENT ASSETS BY SUPPORTING RESIDENT EFFORTS TO ACCESS ECONOMIC OPPORTUNITY VIA FINANCIAL LITERACY TRAINING (196 TRAINED IN 2010), INDIVIDUAL DEVELOPMENT ACCOUNTS (55 ACCOUNTS ARE FILLED), AND AS A VITA SITE CND HELPED 505 LOW-INCOME HOUSEHOLDS TO PREPARE TAX RETURNS AND TAKE ADVANTAGE OF TAX CREDITS FOR LOW-INCOME HOUSEHOLDS. AS A CITY OF IMMIGRANTS, PART OF OUR CHALLENGE IS TO HELP NEW AMERICANS UNDERSTAND AND LINK INTO ECONOMIC OPPORTUNITIES THAT OFFER CAREER LADDERS AND FINANCIAL STABILITY. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 141391 | Expense |
| Revenue | 12285 | Revenue |
| Description | COMMUNITY ENGAGEMENT - HEALTHY NEIGHBORHOODS ALSO HAVE ACTIVE NETWORKING AND AN ENGAGED CITIZENRY. THROUGH COMMUNITY BUILDING AND ORGANIZING ACTIVITIES, RESIDENT LEADERS ARE WORKING TOGETHER TO IMPROVE THEIR COMMUNITY. IN 2010, 436 RESIDENTS WERE ENGAGED IN SOCIAL ACTIVITIES, SAFETY PROGRAMS, TRASH AND RECYCLING INITIATIVES AND PLANNING FOR A NEW PUBLIC PARK. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 141391 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 12285 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 1737769 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 16 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 17 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID KEENE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6178891375 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 GERRISH AVENUE | AddressLine1 |
| City | CHELSEA | City |
| State | MA | State |
| ZIP Code | 02150 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CHRISTIAN CALVO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM H WILLIS | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| SILVIA GUZMAN | |||||||
| VICE PRESIDENT | 1.00 | X | 0 | 0 | 0 | X | |
| CAROL MARTINEZ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JASMINE PEREZ-PIMENTEL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL MARTIN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHARLENE BAUER | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| CHRISTOPHER T NORRIS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARY M BOURQUE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| BERNADETTE C ROUSSEAU | |||||||
| PRESIDENT | 1.00 | X | 0 | 0 | 0 | X | |
| IRIS RODRIGUEZ-DELGADO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ANN HOUSTON | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 114860 | 0 | 12979 | X | ||
| DAVID KEENE | |||||||
| DIRECTOR OF FINANCE & OPERATIONS | 40.00 | 112210 | 0 | 12680 | X | ||
| JANET STEARNS | |||||||
| REAL ESTATE DIRECTOR | 40.00 | 101664 | 0 | 11488 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 328734 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 37147 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NORTHEAST INTERIORS INC | |||||
| 41 BROOKS DRIVE SUITE 1005 | BRAINTREE | MA | 02184 | CONSTRUCTION | 740849 |
| ICON ARCHITECTURE INC | |||||
| 38 CHAUNCY STREET | BOSTON | MA | 02111 | ARCHITECTURE | 230443 |
| BARTLETT HACKETT FEINBERG PC | |||||
| 155 FEDERAL ST 9TH FLOOR | BOSTON | MA | 02110 | LEGAL | 100128 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Federated Campaigns | 60000 | FederatedCampaigns |
| Fundraising Events | 1170 | FundraisingEvents |
| Government Grants | 837000 | GovernmentGrants |
| All Other Contributions | 354059 | AllOtherContributions |
| Total Contributions | 1252229 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| FEES & PROJECT REIMBUR | 561700 | 1081785 | 1081785 |
| RENTAL INCOME | 531110 | 387087 | 387087 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1468872 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61763 | TotalRevenueColumn |
| Exclusion | $61,763 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 351000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 583179 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -232179 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -232179 | TotalRevenueColumn |
| Related Or Exempt Function Income | -232179 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 30500 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1170 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 33428 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2928 | TotalRevenueColumn |
| Exclusion | -$2,928 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| FORGIVENESS OF DEBT | 900099 | 109697 | 109697 |
| OTHER INCOME | 900099 | 7578 | 7578 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 117275 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2665032 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1353968 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $58,835 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 252729 | Total |
| Program Services | 145540 | ProgramServices |
| Management And General | 94404 | ManagementAndGeneral |
| Fundraising | 12785 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 492707 | Total |
| Program Services | 441011 | ProgramServices |
| Management And General | 43784 | ManagementAndGeneral |
| Fundraising | 7912 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17843 | Total |
| Program Services | 15538 | ProgramServices |
| Management And General | 1989 | ManagementAndGeneral |
| Fundraising | 316 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48071 | Total |
| Program Services | 36351 | ProgramServices |
| Management And General | 9610 | ManagementAndGeneral |
| Fundraising | 2110 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72813 | Total |
| Program Services | 57225 | ProgramServices |
| Management And General | 13646 | ManagementAndGeneral |
| Fundraising | 1942 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24226 | Total |
| Program Services | 24226 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 410 | Total |
| Program Services | 336 | ProgramServices |
| Management And General | 64 | ManagementAndGeneral |
| Fundraising | 10 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55652 | Total |
| Program Services | 46797 | ProgramServices |
| Management And General | 7694 | ManagementAndGeneral |
| Fundraising | 1161 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58263 | Total |
| Fundraising | 58263 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 326624 | Total |
| Program Services | 309279 | ProgramServices |
| Management And General | 11812 | ManagementAndGeneral |
| Fundraising | 5533 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110032 | Total |
| Program Services | 96964 | ProgramServices |
| Management And General | 11669 | ManagementAndGeneral |
| Fundraising | 1399 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 352118 | Total |
| Program Services | 332634 | ProgramServices |
| Management And General | 17224 | ManagementAndGeneral |
| Fundraising | 2260 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6454 | Total |
| Program Services | 6454 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125798 | Total |
| Program Services | 120838 | ProgramServices |
| Management And General | 4427 | ManagementAndGeneral |
| Fundraising | 533 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| LOSS ON NON-RECOVERABLE | 66281 | 66281 | ||
| MISCELLANEOUS | 33137 | 28486 | 3956 | 695 |
| BAD DEBTS | 9809 | 9809 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2052967 | Total |
| Program Services | 1737769 | ProgramServices |
| Management And General | 220279 | ManagementAndGeneral |
| Fundraising | 94919 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 756026 | BOY |
| EOY | 1646779 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1177093 | BOY |
| EOY | 672632 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 482565 | BOY |
| EOY | 182014 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37953 | BOY |
| EOY | 36774 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2172863 | BOY |
| EOY | 2792615 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5289007 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 633017 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3566276 | BOY |
| EOY | 4655990 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4432310 | BOY |
| EOY | 6793538 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12625086 | BOY |
| EOY | 16780342 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 398411 | BOY |
| EOY | 1277198 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5955734 | BOY |
| EOY | 8667641 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47503 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6401648 | BOY |
| EOY | 9944839 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2485746 | BOY |
| EOY | 3220647 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2184430 | BOY |
| EOY | 2051920 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1553262 | BOY |
| EOY | 1562936 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6223438 | BOY |
| EOY | 6835503 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12625086 | BOY |
| EOY | 16780342 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 612065 | ReconcilationRevenueExpenses |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 612400 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 616643 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1203577 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1347142 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1252229 | CurrentTaxYear |
| Total | 5031991 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 612400 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 616643 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1203577 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1347142 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1252229 | CurrentTaxYear |
| Total | 5031991 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 5031991 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 40209 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 70099 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 75052 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 67275 | CurrentTaxYearMinus1Year |
| Current Tax Year | 61763 | CurrentTaxYear |
| Total | 314398 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 17353 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14741 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2011701 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 501939 | CurrentTaxYearMinus1Year |
| Current Tax Year | 117275 | CurrentTaxYear |
| Total | 2663009 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 8009398 | TotalSupport |
| Gross Receipts From Admissions Etc | 6363659 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.62830 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.46440 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1015783 | OtherCostOrOtherBasis |
| Book Value | 1015783 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4165040 | OtherCostOrOtherBasis |
| Depreciation | 559414 | Depreciation |
| Book Value | 3605626 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 108184 | OtherCostOrOtherBasis |
| Depreciation | 73603 | Depreciation |
| Book Value | 34581 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 4655990 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (7 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| PROJECTS UNDER DEVELOPMENT | 3689522 |
| OTHER CURRENT ASSETS | 19185 |
| DEPOSITS AND ESCROW ACCOUNTS | 84211 |
| DUE FROM RELATED PARTIES | 1453920 |
| INVESTMENTS IN AFFILIATES | 728409 |
| PROPERTY HELD FOR SALE, NET OF RESERVE | 789256 |
| CAPITALIZED COSTS, NET OF RESERVE | 29035 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 6793538 | TotalBookValueOtherAssets |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | CND, INC. AND AFFILIATES FOLLOW THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD UNDER U.S. GAAP, WHICH REQUIRES CND, INC. AND AFFILIATES TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF DECEMBER 31, 2010, CND, INC. AND AFFILIATES DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. CND, INC. AND AFFILIATES DO NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS DURING 2011. HOWEVER, CND, INC. AND AFFILIATES ARE SUBJECT TO AUDIT BY TAX AUTHORITIES. CND, INC. AND AFFILIATES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON THEIR TAX RETURNS. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | NANCY TURNER | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 715 EAST ROAD | AddressLine1 |
| City | WAITSFIELD | City |
| State | VT | State |
| ZIP Code | 05673 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | GRANTWRITING | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 726785 | GrossReceipts |
| Amount Retained By Contractor | 58263 | AmountRetainedByContractor |
| Net To Organization | 668522 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 726785 | TotalGrossReceipts |
| Total Retained By Contractors | 58263 | TotalRetainedByContractors |
| Total Net To Organization | 668522 | TotalNetToOrganization |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | 30TH ANNIVERSARY EVENT | NameOfEvent1 |
| Gross Receipts Event1 | 31670 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 1170 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 30500 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 1056 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 13450 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2335 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 16587 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 31670 | GrossReceiptsTotal |
| Charitable Contributions Total | 1170 | CharitableContributionsTotal |
| Gross Revenue Total Events | 30500 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 1056 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 13450 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2335 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 16587 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 33428 | DirectExpenseSummaryEvents |
| Net Income Summary | -2928 | NetIncomeSummary |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JUDITH DYER | NamePerson |
| Purpose Of Loan | MORTGAGE FOR HOUSING | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $43,980 | OriginalPrincipalAmount |
| Balance Due | 36774 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 36774 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ANN HOUSTON | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | COMMON BOARD MEMBERSHIP | Relationship |
| Description Of Transaction | THE EXECUTIVE DIRECTOR AND OTHER MEMBERS OF THE BOARD SERVICE AS OFFICERS OF OTHER ORGANIZATIONS THAT CHELSEA NEIGHBORHOOD DEVELOPERS GIVES LOANS TO. ALSO, A CND BOARD MEMBER'S AGENCY PROVIDES LOW INCOME RENTAL SUBSIDY TO CND'S RENTAL TENANTS. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 12C | |
| 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 B, LINE 15 | |
| GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| THE FINANCE COMMITTEE REVIEWS THE 990 WITH THE AUDITORS. THE BOARD HAS VOTED UNANIMOUSLY TO ALLOW THE FINANCE COMMITTEE TO APPROVE THE 990. | FORM 990, PART XII, SECTION C, LINE 2 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|
| BOX WORKS LLC | |||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 042660283 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | -122482 | 374535 | N/A |
| CHELSEA NEIGHBORHOOD DEVELOPERS LLC | |||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 042660283 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | 150555 | 4944342 | 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 | 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 | 12537 | 1435244 | N/A |
| WALDEN HOUSE LLC | |||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 042660283 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | 0 | 383757 | N/A |
Form990 Schedule R Part III Form990ScheduleRPartIII (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Direct Controlling Entity NADirectControllingEntityNA | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHELSEA HOMES I LIMITED PARTNERSHIP | ||||||||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 201985546 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | CHELSEA HOMES I GP INC | N/A | -27637 | 642521 | 0 | 0 | ||
| JANUS HIGHLAND LIMITED PARTNERSHIP | ||||||||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 205221813 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | JANUS HIGHLAND GP INC | N/A | -33 | 111149 | 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 | 113 SPENCER GP INC | N/A | -47 | 872540 | 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 | -68287 | 2640292 | 0 | 1 | N/A | 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 | SPENCER ROW GP INC | N/A | 1376247 | 0 | 0 | 0.00000 | ||
| HIGHLAND TERRACE LIMITED PARTNERSHIP | ||||||||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 273173985 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | HIGHLAND TERRACE GP INC | N/A | 457356 | 0 | 0 | 0.90000 | ||
Form990 Schedule R Part IV Form990ScheduleRPartIV (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 21871 | 0.79000 |
| 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 | 439 | 0.79000 |
| 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 | 79 | 0.79000 |
| BOX WORKS HOMES CONDOMINIUM TRUST | ||||||||||
| 4 GERRISH AVE | CHELSEA | MA | 02150 | 261849431 | TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS | MA | N/A | T | 1.00000 | |
| 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 | 100 | 1.00000 |
| 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 | 100 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (24 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| GERRISH RETAIL PARTNERS LLC | ||
| J | 90105 | FAIR MARKET VALUE |
| GERRISH RETAIL PARTNERS LLC | ||
| K | 8820 | FAIR MARKET VALUE |
| GERRISH RETAIL PARTNERS LLC | ||
| N | 6300 | FAIR MARKET VALUE |
| GERRISH RETAIL PARTNERS LLC | ||
| K | 72452 | FAIR MARKET VALUE |
| 113 SPENCER GP INC | ||
| B | 437446 | FAIR MARKET VALUE |
| 113 SPENCER LIMITED PARTNERSHIP | ||
| K | 236374 | FAIR MARKET VALUE |
| 113 SPENCER LIMITED PARTNERSHIP | ||
| D | 230041 | FAIR MARKET VALUE |
| JANUS HIGHLAND LIMITED PARTNERSHIP | ||
| K | 59578 | FAIR MARKET VALUE |
| JANUS HIGHLAND LIMITED PARTNERSHIP | ||
| D | 201505 | FAIR MARKET VALUE |
| CHELSEA HOMES I LIMITED PARTNERSHIP | ||
| D | 1840818 | FAIR MARKET VALUE |
| CHELSEA HOMES I LIMITED PARTNERSHIP | ||
| K | 428748 | FAIR MARKET VALUE |
| CHELSEA HOMES I LIMITED PARTNERSHIP | ||
| B | 27585 | FAIR MARKET VALUE |
| SPENCER ROW LIMITED PARTNERSHIP | ||
| K | 671200 | FAIR MARKET VALUE |
| SPENCER ROW LIMITED PARTNERSHIP | ||
| D | 44226 | FAIR MARKET VALUE |
| CHELSEA NEIGHBORHOOD DEVELOPERS LLC | ||
| D | 634856 | FAIR MARKET VALUE |
| SPENCER ROW LIMITED PARTNERSHIP | ||
| K | 702858 | FAIR MARKET VALUE |
| JANUS HIGHLAND LIMITED PARTNERSHIP | ||
| A | 10386 | FAIR MARKET VALUE |
| JANUS HIGHLAND LIMITED PARTNERSHIP | ||
| K | 22609 | FAIR MARKET VALUE |
| CHELSEA HOMES I LIMITED PARTNERSHIP | ||
| K | 15000 | FAIR MARKET VALUE |
| 113 SPENCER LIMITED PARTNERSHIP | ||
| A | 10402 | FAIR MARKET VALUE |
| SPENCER ROW LIMITED PARTNERSHIP | ||
| A | 3199 | FAIR MARKET VALUE |
| 113 SPENCER LIMITED PARTNERSHIP | ||
| D | 1389000 | FAIR MARKET VALUE |
| JANUS HIGHLAND LIMITED PARTNERSHIP | ||
| D | 225000 | FAIR MARKET VALUE |
| CHELSEA HOMES I LIMITED PARTNERSHIP | ||
| D | 270000 | FAIR MARKET VALUE |