2023-11-08T16:52:56-06:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 222593378 BLUEHUB LOAN FUND INC BLUE 6174278600 10 MALCOLM X BOULEVARD GROUND FLOO BOSTON MA 021193236 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 GROUND FLOOR BOSTON MA 021193236 22068331 0 X WWW.BLUEHUBCAPITAL.ORG X 1984 MA COMMUNITY LENDING 12 9 50 9 0 0 5667787 9651215 13470121 12417116 0 0 0 0 19137908 22068331 0 0 0 0 3883631 3562102 0 0 183554 6326030 6173563 10209661 9735665 8928247 12332666 278445233 289989268 186452416 185663785 91992817 104325483 COMMUNITY LENDING 0 0 8214757 12417116 THE LOAN FUND LENDS MONEY TO COMMUNITY PROJECTS SUCH AS AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT MIGHT NOT OTHERWISE BE ABLE TO BE FINANCED. 8214757 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 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 1 229 0 1 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 CT X E MATTHEW GAUTIERI CONTROLLER 6174278600 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 021193236 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 8.00 32.00 X X 159627 638507 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 40.00 0.00 X X 126776 0 106440 MICHAEL NILLES INTERIM PRESIDENT, LOAN FUND & EX-OFFICIO BOARD 40.00 0.00 X X 277073 0 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 EDWARD DUGGER III BOARD MEMBER 1.00 4.00 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 LISA ZAPPALA CFO 12.00 28.00 X 92114 214932 109828 E MATTHEW GAUTIERI SVP, CONTROLLER 10.00 30.00 X 60954 182862 55224 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 40.00 0.00 X 223889 0 39086 JAIME ESCOTT SVP, DIGITAL MARKETING, OPA 0.00 40.00 X 0 238710 15203 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 940433 2074427 801780 9 0 1 0 0 9651215 9651215 INTEREST ON LOANS 531390 11200394 11200394 LOAN FEES AND OTHER 531390 1216722 1216722 12417116 22068331 12417116 0 0 853490 699861 153629 2261588 1933846 327742 12186 836 11350 240934 192328 48606 193904 165391 28513 78712 39850 38862 20758 20758 287119 37618 249501 183554 183554 157717 93392 64325 174280 174280 61291 55191 6100 23757 7690 16067 4813759 4813759 180511 121268 59243 67286 67286 MISCELLANEOUS 124819 32969 91850 9735665 8214757 1337354 183554 58738880 76696644 13062474 24319630 114109 71299 198529770 182401695 8000000 6500000 278445233 289989268 1847321 1997334 6670000 6260000 910542 729182 152649437 152241365 24375116 24435904 186452416 185663785 X 62238958 70285409 29753859 34040074 91992817 104325483 278445233 289989268 12332666 0 X X 0 1 X 1 1 1 X 5386565 7695999 8666277 5667787 9651215 37067843 9944360 12601000 14088678 13470121 12417116 62521275 15330925 20296999 22754955 19137908 22068331 99589118 586782 374984 307252 267535 222431 1758984 2813355 1867681 2859640 2995494 1987013 12523183 3400137 2242665 3166892 3263029 2209444 14282167 85306951 15330925 20296999 22754955 19137908 22068331 99589118 0.85660 0.86290 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 LOANS AND INTEREST RECEIVABLE 182401695 C 182401695 SUBORDINATED LOANS PAYABLE 24250000 DUE TO AFFILIATE 185904 24435904 X 17133304 -4935027 -4935027 22068331 0 22068331 4800638 0 4800638 4935027 4935027 9735665 PART IV, LINE 2B: PART IV, LINE 2B - THE LOAN FUND HELD CASH BALANCES OF $729,182 IN ESCROW FOR OUTSIDE PARTIES AS OF DECEMBER 31, 2022. THESE AMOUNTS ARE MAINTAINED BY AGREEMENT WITH THE LOAN FUND'S BORROWERS AND INVESTORS. PART X, LINE 2: THE LOAN FUND 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 CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE LOAN FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2022. THE LOAN FUND DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOAN INTEREST EXPENSE -4,935,027. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN INTEREST EXPENSE 4,935,027. PART XII, LINE 1D PART XII, LINE 1D: INTEREST EXPENSE IS SHOWN NET WITH THE REVENUE IN THE FINANCIAL STATEMENTS. X X X X 0 1 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 95627 382507 64000 256000 0 0 64160 134140 2298 9194 226085 781841 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 0 292707 0 60000 0 0 30250 78050 0 28248 30250 459005 0 0 LISA ZAPPALA CFO 71114 165932 21000 49000 0 0 35389 71741 809 1889 128312 288562 0 0 MICHAEL NILLES INTERIM PRESIDENT, LOAN FUND & EX-OF 238073 0 39000 0 0 0 17479 0 31075 0 325627 0 0 0 E MATTHEW GAUTIERI SVP, CONTROLLER 51741 155225 9213 27637 0 0 3555 10665 10251 30753 74760 224280 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 187842 0 36047 0 0 0 8311 0 30775 0 262975 0 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) & 61776 0 65000 0 0 0 39963 59750 6727 0 173466 59750 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, FINANCE COMMITTEE, AND CONTROLLER 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 LOAN FUND'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 LOAN FUND'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE LOAN FUND 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. BCC REO LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 454049228 TO HOLD REAL AND PERSONAL PROPERTY MA BLUEHUB LOAN FUND INC BLUEHUB CAPITAL INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 043246555 HOLDING COMPANY FOR AFFILIATES THAT PROVIDE CAPITAL AND COMMUNITY LENDING. MA 501(C)(3) LINE 10 N/A 0 BCLF VENTURES INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 043246552 COMMUNITY VENTURE CAPITAL MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 0 BCLF MANAGED ASSETS CORP 10 MALCOLM X BOULEVARD BOSTON MA 02119 043246547 DEVELOPS NEW BUSINESS INITIATIVES AND FUNDING VEHICLES FOR LOW-INCOME IND. MA 501(C)(3) PF BLUEHUB CAPITAL INC 0 ONE PERCENT FOR AMERICA INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 862813192 COMMUNITY LENDING MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 0 BCLF VENTURES II LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 043541544 TO MAKE INVESTMENTS IN BUSINESS THAT BENEFIT LOW-INCOME PEOPLE AND COMM. MA N/A 0 0 SUN INITIATIVE FINANCING LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 271367185 TO FINANCE THE OPERATIONS OF THE STABILIZING URBAN NEIGHBORHOODS INITIATIVE MA N/A 0 1 BCC SOLAR III LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 371768292 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS DE N/A 0 0 BCC NMTC CDE XXII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572349 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXIII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572463 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXIV LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472160326 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXVI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472166990 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXVIII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472180069 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXIX LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472180884 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472194680 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472203495 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXIII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472203766 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXIV LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 820956337 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXX LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472194307 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC SOLAR ENERGY ADVANTAGE INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 262877536 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA N/A C 0 BCC NMTC CDE XXV LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472160720 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A C 0 BCC NMTC CDE XXVII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472167286 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A C 0 BCC NMTC CDE XXI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572240 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0