2023-11-08T16:49:51-06:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 043246552 BCLF VENTURES INC BCLF 6174278600 10 MALCOLM X BOULEVARD BOSTON MA 02119 LISA ZAPPALA CHIEF FINANCIAL OFFICER 6174278600 2023-11-06 1 LISA ZAPPALA XXX-XX-XXXX 0 MATTHEW MCGINNIS CPA P01585083 5083669100 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LISA ZAPPALA 10 MALCOLM X BOULEVARD BOSTON MA 02119 7927140 0 X WWW.BLUEHUBCAPITAL.ORG X 1994 MA COMMUNITY VENTURE CAPITAL 12 9 50 9 0 0 0 1826265 5856549 4616949 10915 236628 1248683 1247298 7116147 7927140 0 0 0 0 2241661 1686434 0 0 0 3758231 3815806 5999892 5502240 1116255 2424900 104642516 91889237 76824704 61305874 27817812 30583363 COMMUNITY VENTURE CAPITAL 0 0 65459 569979 THE ORGANIZATION MANAGES EQUITY INVESTMENT FUNDS WHICH INVEST IN BOTH EMERGING AND EXISTING BUSINESSES THAT CREATE JOBS OR PROVIDE SERVICES FOR LOW-INCOME COMMUNITIES. 4946094 5294268 THE ORGANIZATION'S DISREGARDED ENTITY, AURA MORTGAGE ADVISORS, ACTS AS A MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE AND COMMUNITIES. 5011553 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X E MATTHEW GAUTIERI CONTROLLER 6174278600 10 MALCOLM X BOULEVARD BOSTON MA 02119 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 16.00 24.00 X X 319254 478880 209792 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 0.00 40.00 X X 0 352707 136548 MICHELLE VOLPE PRESIDENT, LOAN FUND (UNTIL 4/22) & EX-OFFICIO BOA 0.00 40.00 X X 0 126776 106440 MICHAEL NILLES INTERIM PRESIDENT, LOAN FUND & EX-OFFICIO BOARD ME 0.00 40.00 X X 0 277073 48554 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 4.00 X X 0 0 0 REV JAMES WALSH SJ CLERK OF THE BOARD 1.00 4.00 X X 0 0 0 SARAH C LINCOLN TREASURER OF THE BOARD 1.00 4.00 X X 0 0 0 JULIE GOULD BOARD MEMBER 1.00 4.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 4.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 4.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 4.00 X 0 0 0 REESE FAYDE BOARD MEMBER 1.00 4.00 X 0 0 0 EDWARD DUGGER III BOARD MEMBER 1.00 4.00 X 0 0 0 LISA ZAPPALA CHIEF FINANCIAL OFFICER 8.00 32.00 X 61409 245637 109828 E MATTHEW GAUTIERI SVP, CONTROLLER 6.00 34.00 X 36573 207243 55224 JAIME ESCOTT SVP, DIGITAL MARKETING, OPA 0.00 40.00 X 0 238710 15203 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0.00 40.00 X 0 223889 39086 ANDREW KOH SVP, OPERATIONS 0.00 40.00 X 0 215611 64137 LUBNA ELIA CHIEF ADMINISTRATIVE OFFICER 0.00 40.00 X 0 231098 16968 417236 2597624 801780 2 0 1 0 DOVENMUEHLE MORTGAGE INC 1 CORPORATE DRIVE SUITE 360 LAKE ZURICH IL 60047 MORTGAGE LOAN SERVICING 105725 1 1826265 1826265 INTEREST ON LOANS 900099 4246197 4246197 LOAN FEES 900099 333243 333243 MANAGEMENT FEES 900099 37509 37509 4616949 236628 236628 LOAN LOSS RECOVERIES 900099 714828 714828 SHARE OF BCLF VENTURES 900099 532470 532470 1247298 7927140 5864247 0 236628 444546 400091 44455 1000578 875695 124883 30479 30204 275 144191 113810 30381 66640 56560 10080 228193 228193 44209 29950 14259 251484 134658 116826 407536 407536 39043 16292 22751 61609 61609 4608 2452 2156 5871 191 5680 2406770 2406770 20943 20943 158500 134714 23786 REPORTING EXPENSE 105725 105725 FINANCING FEES 25735 25735 FILING FEES 18866 17585 1281 STAFF DEVELOPMENT 18155 14718 3437 18559 10674 7885 5502240 5011553 490687 0 30140457 28603013 885380 856891 1403892 1427920 106848 86834 72102757 60914579 3182 0 104642516 91889237 48896 50182 1826265 74898871 61163303 50672 92389 76824704 61305874 X 27817812 30583363 27817812 30583363 104642516 91889237 X 2424900 340651 X X 0 1 X 1 1 1 X 1000000 1826265 2826265 6113494 6956713 6732326 5856549 4616949 30276031 7113494 6956713 6732326 5856549 6443214 33102296 1553589 548113 446598 407719 296961 3252980 0 1553589 548113 446598 407719 296961 3252980 29849316 44659 128329 186293 10915 236628 606824 44659 128329 186293 10915 236628 606824 2031716 2165932 2188933 1248683 1247298 8882562 9189869 9250974 9107552 7116147 7927140 42591682 0.70080 0.65190 0.01420 0.00860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 INVESTMENT IN BCLF VENTURES II, LLC 584905 F LOANS AND INTEREST RECEIVABLE 60329674 C 60914579 DUE TO AFFILIATES 92389 92389 X PART X, LINE 2: THE CORPORATION ACCOUNTS 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 FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2022. THE CORPORATION DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE-MONTHS. X X X X 0 1 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 191254 286880 128000 192000 0 0 39320 158980 4597 6895 363171 644755 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 0 292707 0 60000 0 0 16000 92300 0 28248 16000 473255 0 0 LISA ZAPPALA CHIEF FINANCIAL OFFICER 47409 189637 14000 56000 0 0 19426 87704 540 2158 81375 335499 0 0 MICHAEL NILLES INTERIM PRESIDENT, LOAN FUND & EX-OF 0 238073 0 39000 0 0 0 17479 0 31075 0 325627 0 0 E MATTHEW GAUTIERI SVP, CONTROLLER 31045 175921 5528 31322 0 0 2133 12087 6151 34853 44857 254183 0 0 ANDREW KOH SVP, OPERATIONS 0 184986 0 30625 0 0 0 12750 0 51387 0 279748 0 0 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0 187842 0 36047 0 0 0 8311 0 30775 0 262975 0 0 JAIME ESCOTT SVP, DIGITAL MARKETING, OPA 0 215260 0 23450 0 0 0 13740 0 1463 0 253913 0 0 LUBNA ELIA CHIEF ADMINISTRATIVE OFFICER 0 211098 0 20000 0 0 0 14340 0 2628 0 248066 0 0 MICHELLE VOLPE PRESIDENT, LOAN FUND (UNTIL 4/22) & 0 61776 0 65000 0 0 16000 83713 0 6727 16000 217216 0 0 PART I, LINE 4B ELYSE CHERRY, CEO, 457F PLAN. DEWITT JONES, EXECUTIVE VP, 457F PLAN. MICHELLE VOLPE, SENIOR VP, 457F PLAN. LISA ZAPPALA, CFO, 457F PLAN. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, CONTROLLER, AND FINANCE COMMITTEE REVIEW THE 990 BEFORE GOING TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONTROLLER REVIEWS THE ANNUAL SIGNED CONFLICT OF INTEREST POLICIES FOR ANY CONFLICTS TO BE DISCLOSED TO THE BOARD. IF CONFLICTS ARISE, THEY ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 EVERY FEW YEARS, A SALARY SURVEY OF THE INDUSTRY IS PERFORMED TO ENSURE THAT THE ORGANIZATION'S SALARY EXPENSES ARE REASONABLE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO SET THE SALARY RANGES FOR ALL POSITIONS AND TO APPROVE THE CEO'S COMPENSATION FOR THE YEAR. THE EXECUTIVE COMMITTEE KEEPS MINUTES OF EACH MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE CORPORATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON BOND PAYABLE REDEMPTION 340,651. FORM 990, PART XII, LINE 2C: THE CORPORATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT, THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AURA MORTGAGE ADVISORS LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 205460472 MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE & COMMUNITIES MA 5287914 89725704 BCLF VENTURES INC AURA DIRECT FINANCING LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 822546573 MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE & COMMUNITIES MA 0 0 BCLF VENTURES INC BLUEHUB CAPITAL INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 043246555 HOLDING COMPANY FOR AFFILIATES THAT PROVIDE CAPITAL AND COMMUNITY LENDING. 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