2023-09-01T15:30:14-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 042690210 NEWVUE COMMUNITIES INC NEWV 9783429561 470 MAIN STREET FITCHBURG MA 01420 MARC DOHAN EXECUTIVE DIRECTOR 9783429561 2023-09-01 1 MARC DOHAN XXX-XX-XXXX 1 MATTHEW HUTT CPA P01070603 5083669100 2023-09-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARC DOHAN 470 MAIN STREET FITCHBURG MA 01420 3743042 0 X WWW.NEWVUECOMMUNITIES.ORG X 1979 MA LED BY COMMUNITY MEMBERS OF DIVERSE INCOME AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES, AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS. 15 15 0 400 0 0 2284434 2814931 590243 649783 8247 8823 438 269505 2883362 3743042 350000 825968 0 0 1367431 1384238 0 0 0 471329 1198094 2188760 3408300 694602 334742 3200348 3652994 58591 176495 3141757 3476499 X LED BY COMMUNITY MEMBERS OF DIVERSE INCOMES AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS. 0 0 930727 531375 HOUSING AND FINANCIAL SERVICES: ASSISTS CLIENTS WHO ARE SEEKING TO IMPROVE THEIR FINANCIAL SITUATION THROUGH FINANCIAL COACHING, HOMEOWNERSHIP EDUCATION AND COUNSELING. WE HELP OUR CLIENTS MEET THEIR FINANCIAL GOALS. WE ALSO HELP HOMEOWNERS BUY A HOME, KEEP A HOME AND MAINTAIN A HOME. OUR FOCUS IS ON ASSISTING FIRST TIME HOMEBUYERS WHOARE OF LOW TO MODERATE INCOME TO PURCHASE THEIR FIRST HOME, AND TO HELPLOW AND MODERATE INCOME HOMEBUYERS WHO ARE FACING THE THREAT OFFORECLOSURE TO KEEP THEIR HOME. 1370324 825968 387913 HOUSING DEVELOPMENT: DEVELOPS QUALITY HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 316436 SMALL BUSINESS: WE SEEK TO CREATE AND RETAIN STRONG BUSINESSES AND GOOD JOBS. WE FOCUS OUR EFFORTS ON MICRO-ENTERPRISES. WE PROMOTE THE ABILITY OF AREA RESIDENTS TO OWN AND OPERATE THEIR OWN BUSINESSES AND GROW AND REVITALIZE EXISTING FIRMS. 369752 COMMUNITY ORGANIZING/PLANNING: ENGAGE RESIDENTS AND DEVELOP LEADERS TO HELP BUILD POWERFUL HEALTHY NEIGHBORHOODS. 137154 ASSET MANAGEMENT: NVC OUTSOURCES ITS PROPERTY MANAGEMENT TO HELPCONTROL MAINTENANCE COSTS, DEVELOP STREAMLINED PROCEDURES AND TO BETTERMANAGE OUR FACILITIES. SERVICES ARE PROVIDED BY WINGATE MANAGEMENT,WHICH SPECIALIZES IN AFFORDABLE HOUSING MANAGEMENT WHILE MAINTAINING AMIX OF CONDOMINIUM AND COMMERCIAL CONTRACTS. WINGATE MANAGEMENT WILLWORK IN PARTNERSHIP WITH NVC TO ENSURE CONTINUED DELIVERY OF QUALITYREAL ESTATE MANAGEMENT SERVICES TO RESIDENTS. 506906 3124393 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X MARC DOHAN EXECUTIVE DIRECTOR 9783429561 470 MAIN STREET FITCHBURG MA 01420 MARC DOHAN EXECUTIVE DIRECTOR 39.00 1.00 X 147119 0 6022 ANNE REITMAYER LTA DEVELOPMENT DIRECTOR 40.00 X 149732 0 92 RAY BELANGER SMALL BUSINESS DIRECTOR 40.00 X 126780 0 5126 ANNE MOLA CFO (UNTIL 2/2022) 40.00 X 30073 0 3603 TOM GRAY BOARD PRESIDENT 2.00 1.00 X X 0 0 0 EVELINA RODRIGUEZ BOARD VICE PRESIDENT 2.00 X X 0 0 0 CHRISTINA DIRUSSO BOARD TREASURER 1.00 1.00 X X 0 0 0 ERIN NANO BOARD ASSISTANT TREASURER 1.00 X X 0 0 0 WILLIAM CORTEZIA BOARD CLERK 1.00 X X 0 0 0 MARTA ALBIZU BOARD ASSISTANT CLERK 1.00 X X 0 0 0 CAROL HICKS BOARD CLERK (UNTIL 6/2022) 1.00 X X 0 0 0 JAY BRY BOARD DIRECTOR 1.00 X 0 0 0 BARBARA ABRAHAM BOARD DIRECTOR 1.00 X 0 0 0 ANWAR ARENAS BOARD DIRECTOR 1.00 X 0 0 0 BEATRICE KABAYA BOARD DIRECTOR 1.00 X 0 0 0 EMILY MACRAE BOARD DIRECTOR 1.00 X 0 0 0 PHILIP DUFFY BOARD DIRECTOR 1.00 X 0 0 0 LAURA O'KANE BOARD DIRECTOR 1.00 X 0 0 0 LUISA FERNANDEZ BOARD DIRECTOR 1.00 X 0 0 0 DEREK CRAIG BOARD DIRECTOR 1.00 X 0 0 0 453704 0 14843 3 0 1 0 0 58683 995668 1760580 2814931 FEES AND PROJECT REIMB 541900 387913 387913 PROGRAM SERVICE FEES 531390 261870 261870 649783 8823 8823 GAIN ON SALE OF BROWNF 900099 269505 269505 269505 3743042 919288 0 8823 825968 825968 186817 130772 56045 984382 874110 110272 17463 15506 1957 93505 79126 14379 102071 88054 14017 30674 24761 5913 280000 274195 5805 952 686 266 19720 15521 4199 40072 24625 15447 26440 21521 4919 6553 4608 1945 3662 3083 579 PROGRAM FEES AND SUPPLI 453946 453946 PROVISION AGAINST LOAN 269505 269505 COMMUNITY ACTIVITIES 40631 40631 DUES AND SUBSCRIPTION 15235 9852 5383 10704 8554 2150 3408300 3124393 283907 0 340432 918521 1389346 1398875 162556 153336 833157 833157 474857 349105 3200348 3652994 58591 176495 58591 176495 X 3024040 3255032 117717 221467 3141757 3476499 3200348 3652994 334742 0 X X 0 1 X 1 0 X 1830993 1118074 1779158 2284434 2814931 9827590 1830993 1118074 1779158 2284434 2814931 9827590 1111064 8716526 2707 2430 3556 8247 8823 25763 9853353 2892644 0.88460 0.90100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATES 349105 349105 X PART X, LINE 2: NVC 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 CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NVC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2022. HOWEVER, NVC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. 1 NEWVUE AFFFORDABLE HOUSING CORPORATION 470 MAIN STREET FITCHBURG MA 01420 043271288 501 C(2) 825968 0 CAPITAL RESTRICTED GRANT FROM NEWVUE COMMUNITIES TO NEWVUE AFFORDABLE HOUSING CORPORATION. 1 PART I, LINE 2: NEWVUE AFFORDABLE HOUSING CORPORATION PROVIDES A CAPITAL PLAN FOR THE USE OF THE FUNDS GRANTED, THE PLAN INCLUDING ITS EXECUTION IS REVIEWED BY THE BOARD OF DIRECTORS. X 0 0 0 0 0 0 0 0 0 MARC DOHAN EXECUTIVE DIRECTOR 147119 0 0 0 0 0 5885 0 137 0 153141 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ELIGIBLE MEMBERS (BOTH RESIDENTS AND NON-RESIDENTS) ARE ENTITLED TO ONE VOTE ON EACH MATTER BROUGHT TO VOTE TO GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A NVC HAS MEMBERS WHO LIVE OR WORK IN NORTH CENTRAL MASSACHUSETTS WHO ELECT THE BOARD AND HAVE CERTAIN POWERS WITH RESPECT TO CHANGING THE BYLAWS AND ARTICLES. FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF FORM 990, THE FORM IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C NVC REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO OTHER ORGANIZATIONS AND REASONABLE FOR JOB PERFORMED. THE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 NVC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND UPON REQUEST. NVC'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN 2022. NEWVUE AFFORDABLE HOUSING CORPORATION 470 MAIN ST FITCHBURG MA 01420 043271288 HOUSING DEVELOPMENT MA 501(C)(2) NEWVUE COMMUNITIES INC 1 CARTER SCHOOL LIMITED PARTERNSHIP 470 MAIN ST FITCHBURG MA 01420 364902485 RENTAL REAL ESTATE MA N/A 0 0 142 WATER ST LIMITED PARTNERSHIP 470 MAIN ST FITCHBURG MA 01420 453049463 RENTAL REAL ESTATE MA N/A 0 0 LEOMINSTER AFFORDABLE HOUSING CORPORATION 470 MAIN STREET FITCHBURG MA 01420 272886194 REAL ESTATE DEVELOPMENT MA NEWVUE COMMUNITIES INC C 2056385 1.00000 1 CARTER SCHOOL GP LLC 470 MAIN STREET FITCHBURG ME 01420 830831563 REAL ESTATE MANAGEMENT MA NEWVUE COMMUNITIES INC C -409 -77 0.79000 0 0 1 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 1 0 NEWVUE AFFORDABLE HOUSING CORPORATION B 825968 FMV