2011-11-11T08:22:59-06:00 2010-12-31 KEVIN P MARTIN & ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2010-01-01 043580844 BEVERLY AFFORDABLE HOUSING COALITION INC C/O NORTH SHORE CDC BEVE 9787458071 102 LAFAYETTE STREET SALEM MA 01970 MICKEY T NORTHCUTT 9787458071 2011-11-10 1 KRISTIN LABONTE 7813803520 2011-11-10 2010 2016-03-07 17:11:31Z X DONALD PRESTON 102 LAFAYETTE STREET SALEM MA 01970 705131 0 X WWW.NORTHSHORECDC.ORG X 2001 MA TO INCREASE THE AVAILABILITY OF QUALITY HOUSING FOR LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS IN BEVERLY, MASSACHUSETTS AND POSSIBLY OTHER COMMUNITIES IN MASSACHUSETTS X 23 22 2 26 0 0 236219 184404 20615 520574 212 153 30960 -16415 288006 688716 2940 0 0 0 104714 145187 0 0 9239 125277 165932 232931 311119 55075 377597 1058411 0 1350430 0 -292019 0 TO INCREASE THE AVAILABILITY OF QUALITY HOUSING FOR LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS IN BEVERLY, MASSACHUSETTS AND POSSIBLY OTHER COMMUNITIES IN MASSACHUSETTS 0 0 175539 35580 RENTAL HOUSING - THE RENTAL HOUSING DIVISION OPERATES NINE UNITS OF RENTAL HOUSING WHICH PROVIDE AFFORDABLE RENTAL OPPORTUNITIES FOR PERSONS OF LOW INCOME TO MODERATE INCOME IN BEVERLY, MA. THIS DIVISION ALSO OPERATES ONE COMMERCIAL UNIT. 113178 484994 ADVOCACY AND PROGRAMMING - THE ADVOCACY AND PROGRAMMING DIVISION USES FUNDS OBTAINED FROM VARIOUS SOURCES, INCLUDING FINANCIAL INSTITUTIONS, GOVERNMENTAL AGENCIES, FOUNDATIONS AND INDIVIDUALS, TO ACQUIRE AND DEVELOP PROPERTIES. THIS DIVISION ALSO PROVIDES ASSISTANCE TO NEIGHBORHOOD LEADERS, RESIDENTS AND INSTITUTIONS IN OBTAINING THE NECESSARY FUNDING FOR STUDIES, SURVEYS, AND DEMONSTRATION PLANS IN THE PURSUIT OF PROVIDING HOUSING FOR LOW INCOME TO MODERATE INCOME INDIVIDUALS. 288717 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 1 2 0 2 1 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X MICKEY T NORTHCUTT 9787458071 102 LAFAYETTE STREET SALEM MA 01970 DONALD PRESTON 1.00 X X 0 0 0 LEONETTE STROUT 1.00 X X 0 0 0 LINDA ANDERSON-MERCIER 1.00 X X 0 0 0 DAVID JACOBSON 1.00 X X 0 0 0 EDDIE TELEMACO 1.00 X 0 0 0 GEORGE O'BRINE 1.00 X 0 0 0 STEVEN SMITH 1.00 X 0 0 0 JON FREY 1.00 X 0 0 0 REV ALAN FROGGATT 1.00 X 0 0 0 ELIZABETH HOGAN 1.00 X 0 0 0 ARMOND MCCOY 1.00 X 0 0 0 ANDREA SUE JONES 1.00 X 0 0 0 KATE NEWHALL 1.00 X 0 0 0 JASON SILVA 1.00 X 0 0 0 LESLI WOODRUFF 1.00 X 0 0 0 DAN WUENSCHEL 1.00 X 0 0 0 JUDITH A ZOLLA 1.00 X 0 0 0 REV DANIEL VELEZ RIVERA 1.00 X 0 0 0 JENNY RAITT 1.00 X 0 0 0 ADRIA LEACH 1.00 X 0 0 0 REP MARY GRANT 1.00 X 0 0 0 ARABELIS LUCIANO 1.00 X 0 0 0 JEREMY COHEN 1.00 X 0 0 0 MICKEY NORTHCUTT 40.00 X 71346 50600 3658 71346 50600 3658 0 0 0 0 LANDMARK STRUCTURES 282 MONTVALE AVENUE WOBURN MA 01801 CONSTRUCTION SERVICES 4406129 ALTERIS RENEWABLES 56 CONDUIT STREET NEW BEDFORD MA 02745 RENEWABLE ENERGY INSTALLER 220100 LUNA DESIGN GROUP 50 SALEM STREET 1-8 LYNNFIELD MA 01940 ARCHITECTURAL SERVICES 150865 3 26250 43899 41444 40000 32811 184404 DEVELOPMENT FEES-CABOT 531110 484994 484994 RENTAL INCOME 531110 35580 35580 520574 153 153 0 43899 16415 -16415 -16415 688716 520574 0 -16262 84884 76396 8488 45484 43210 2274 2974 2825 149 11845 10877 217 751 612 563 49 11366 10482 884 13128 12078 1050 22401 20609 1792 44574 41120 3454 55125 52403 2722 622 572 50 3433 3158 275 11584 11584 3087 2840 247 311119 288717 13163 9239 49304 649 2808 479074 526576 0 1058411 0 90084 1750 1203233 55363 0 1350430 0 X -292019 0 -292019 0 1058411 0 X 377597 -85578 X X 0 1 1 X 0 X 62852 94425 163354 236219 184404 741254 62852 94425 163354 236219 184404 741254 741254 1219 1306 1147 212 153 4037 7837 7837 753128 1062099 0.98420 0.50080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PROVISIONS OF GAAP REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD. THIS APPLIES TO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF THESE PROVISIONS HAD NO IMPACT ON THE AGENCY'S FINANCIAL STATEMENTS. THE AGENCY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. ALL TAX YEARS PRIOR TO 2007 ARE CLOSED VIA THE PASSING OF THE STATUTE OF LIMITATIONS. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. POLAR PLUNGE 12332 12332 105 275 4121 AUCTION 28998 28998 5700 250 1468 2 2569 2569 4496 43899 43899 105 5975 250 10085 16415 -16415 DONALD PRESTON OPERATIONS X 1750 1750 0 1 0 1750 ON JANUARY 1, 2011, THE ORGANIZATION MERGED WITH SALEM HARBOR CDC TO FORM A NEW CORPORATION - NORTH SHORE COMMUNITY DEVELOPMENT COALITION, INC. THE ORGANIZATION'S ASSETS, LIBILITIES AND OPERATIONS WILL BE ASSUMED BY THE NEWLY FORMED CORPORATION. 2011-01-01 709066 BOOK VALUE 042686893 NORTH SHORE COMMUNITY DEVELOPMENT COALITION INC 102 LAFAYETTE STREET SALEM MA 01970 501(C)(3) 1 1 0 0 1 1 1 0 0 0 PART I, LINE 2E: BOARD OF DIRECTORS; MICKEY NORTHCUTT PART I, LINE 2E: THE BOARD OF DIRECTORS OF THE ORGANIZATION AND THE EXECUTIVE DIRECTOR - MICKEY NORTHCUTT BECAME THE BOARD AND THE EXECUTIVE DIRECTOR OF THE NEWLY FORMED CORPORATION - NORTH SHORE COMMUNITY DEVELOPMENT COALITION, INC. PART I, LINE 7C: THE ARTICLES OF MERGER ARE FILED WITH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. FORM 990, PART VI, SECTION A, LINE 4 ON JANUARY 1, 2011, BEVERLY AFFORDABLE HOUSING COALITION INC MERGED WITH SALEM HARBOR CDC TO FORM A NEW CORPORATION - NORTH SHORE COMMUNITY DEVELOPMENT COALITION INC (NSCDC). THE ARTICLES OF MERGER ARE FILED WITH THE MASSACHUSETTS SECRETARY OF THE COMMONWEALTH'S OFFICE. FORM 990, PART VI, SECTION B, LINE 11 STAFF DISTRIBUTE THE DRAFT FORM 990 TO THE BOARD CHAIR AND FINANCE COMMITTEE CHAIR FOR THEIR REVIEW. ANY CONCERNS ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE DIRECTOR AND TAX PREPARER FOR DISCUSSION AND RESOLUTION. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS EACH BOARD MEMBER AND KEY EMPLOYEE COMPLETES, SIGNS AND DELIVERS TO THE PRESIDENT A CONFLICT OF INTEREST DISCLOSURE STATEMENT NAMING ANY AFFILIATION WITH COMPETING/COLLABORATING ORGANIZATIONS, VENDORS AND CONSULTANTS. ALL RESPONSES ARE REVIEWED BY THE BOARD OF DIRECTORS' CLERK. ANY RESPONSES RAISING CONCERN ARE BROUGHT TO THE ATTENTION OF THE PRESIDENT AND ARE ADDRESSED AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE, TO THE EXTENT REASONABLY AVAILABLE, RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS RECOMMENDATION ON EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THESE DOCUMENTS ARE ALSO AVAILABLE TO THE PUBLIC ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED IMPAIRMENT LOSS -16,550. DECONSOLIDATION OF GLOUCESTER CROSSING LLC 53,603. PRIOR PERIOD ADJUSTMENT - GAIN ON PROPERTY TRANSFER 542,467. PRIOR PERIOD ADJUSTMENT - DUE FROM GLOUCESTER CROSSING - DEVELOPMENT FEE 21,840. PRIOR PERIOD ADJUSTMENT - ACCUMULATED DEPRECIATION - 41 MILL STREET 22,128. NET ASSETS TRANSFERRED TO NORTH SHORE CDC DUE TO MERGER WITH SALEM HARBOR C -709,066. TOTAL TO FORM 990, PART XI, LINE 5: -85,578. FORM 990, PART XII, LINE 2C EXPLANATION: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. 41 MILL STREET LLC 102 LAFAYETTE STREET SALEM MA 01970 830378126 AFFORDABLE HOUSING MA 30780 400791 BEVERLY AFFORDABLE HOUSING COALITION INC 321 CABOT STREET LLC 102 LAFAYETTE STREET SALEM MA 01970 204776327 AFFORDABLE HOUSING MA -11597 92180 BEVERLY AFFORDABLE HOUSING COALITION INC SALEM HARBOR COMMUNITY DEVELOPMENT CORPORATION 102 LAFAYETTE STREET SALEM MA 01970 042686893 AFFORDABLE HOUSING MA 501(C)(3) LINE 9 N/A 0 SALEM POINT RENTAL PROPERTIES CORPORATION 102 LAFAYETTE STREET SALEM MA 01970 043143070 REAL ESTATE HOLDING MA 501(C)(3) LINE 9 N/A 0 GLOUCESTER CROSSING LLC 102 LAFAYETTE STREET SALEM MA 01970 201277127 REAL ESTATE DEVELOPMENT MA BEVERLY AFFORDABLE HOUSING COALITION INC RELATED -7370 642567 0 0 0.65000 LAFAYETTE HOUSING LP 102 LAFAYETTE STREET SALEM MA 01970 260075918 62 RENTAL UNITS LOCATED IN SALEM, MA MA N/A SALEM POINT LP 102 LAFAYETTE STREET SALEM MA 01970 043138672 LOW INCOME HOUSING LOCATED IN SALEM, MA MA N/A SALEM BUILDERS INC 102 LAFAYETTE ST SALEM MA 01970 043327921 CONTRACTING MA N/A C SALEM PROPERTY MANAGERS INC 102 LAFAYETTE ST SALEM MA 01970 043339319 PROPERTY MANAGEMENT MA N/A C SALEM POINT HOUSING CORP 102 LAFAYETTE ST SALEM MA 01970 043138669 REAL ESTATE HOLDING MA N/A C LAFAYETTE HOUSING CORPORATION 102 LAFAYETTE ST SALEM MA 01970 260075916 REAL ESTATE HOLDING MA N/A C 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 NONE ABOVE 50000