2023-12-12T12:37:39-06:00 2022-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-01-01 222813032 COMMUNITY DEVELOPMENT INC COMM 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 HETAL MARU ASSISTANT TREASURER 6176959595 2023-12-08 1 HETAL MARU 999009999 0 JOLANTA TUCK CPA P01340068 7813803520 2023-12-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PHILLIP CLAY 185 DARTMOUTH STREET BOSTON MA 02116 1808385 0 X N/A X 1987 MA COMMUNITY DEVELOPMENT, INC. (THE CORPORATION) IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS (LPS) OR LIMITED LIABILITY COMPANIES (LLCS) AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS; AND TO PROVIDE OFFICE FACILITIES TO OTHER NONPROFIT ORGANIZATIONS AT BELOW COST IN ORDER TO ASSIST THOSE ORGANIZATIONS IN ACCOMPLISHING THEIR CHARITABLE PURPOSES. 5 5 0 0 0 0 0 0 633912 1808385 0 0 0 0 633912 1808385 560000 328934 0 0 0 0 0 0 0 231707 130610 791707 459544 -157795 1348841 444456 1813777 226793 247273 217663 1566504 X COMMUNITY DEVELOPMENT, INC. (THE CORPORATION) IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS (LPS) OR LIMITED LIABILITY COMPANIES (LLCS) AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS; AND TO PROVIDE OFFICE FACILITIES TO OTHER NONPROFIT ORGANIZATIONS AT BELOW COST IN ORDER TO ASSIST THOSE ORGANIZATIONS IN ACCOMPLISHING THEIR CHARITABLE PURPOSES. 0 0 451221 328934 1808385 COMMUNITY DEVELOPMENT, INC. (CDI) IS A CHARITABLE CORPORATION THAT WAS ESTABLISHED ON MAY 29, 1987 UNDER THE PROVISIONS OF GENERAL LAWS, CHAPTER 180 OF THE COMMONWEALTH OF MASSACHUSETTS. THE PRIMARY PURPOSES OF CDI ARE TO ACQUIRE, IMPROVE AND MAKE HOUSING AVAILABLE TO PERSONS AND FAMILIES OF LOW INCOMES, TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES THAT PROMOTE ECONOMIC DEVELOPMENT IN BLIGHTED, DECAYED OR SUBSTANDARD AREAS; AND TO PROVIDE OFFICES AND RELATED FACILITIES FOR NONPROFIT CHARITABLE ORGANIZATIONS BELOW MARKET RATES TO ASSIST THE ORGANIZATIONS IN ACCOMPLISHING THEIR CHARITABLE PURPOSES. 451221 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X NINA SCHWARZSCHILD 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 X HETAL GADA ASSISTANT TREASURER 0.10 X X 0 0 0 JAMES RUSHFORD ASSISTANT CLERK 0.10 X X 0 0 0 NINA SCHWARZSCHILD TREASURER/DIRECTOR 0.10 X X 0 0 0 PHILLIP L CLAY PRESIDENT/DIRECTOR 0.10 X X 0 0 0 RUSSELL TANNER CLERK/DIRECTOR 0.10 X X 0 0 0 0 0 0 0 0 0 0 0 RECOVERY OF BAD DEBT 900099 1365689 1365689 GROUND LEASE AND RELAT 531390 223400 223400 INTEREST ON NOTES RECE 900099 219296 219296 1808385 1808385 1808385 0 0 328934 328934 BAD DEBT 121870 121870 OPERATING EXPENSES 8240 417 7823 TAXES, PERMITS AND LICE 500 500 459544 451221 8323 0 27566 38032 19 38 416871 1746944 28763 444456 1813777 23650 16150 203143 231123 226793 247273 X 217663 1566504 217663 1566504 444456 1813777 1348841 0 X 0 1 X 0 0 X 58280 58280 58280 58280 58280 75 156 231 1500 1500 60011 3692232 0.97120 0.96630 X 0 0 0 OPERATING ADVANCES AND ACCRUED INTEREST 203143 RIGHT OF USE LIABILITY 27980 231123 X 1808385 0 1808385 0 1808385 459544 0 459544 0 459544 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. GENERALLY, THE CORPORATION'S INFORMATION/TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. 0 THE COMMUNITY BUILDERS INC 185 DARTMOUTH STREET BOSTON MA 02116 042324773 501(C)(3) 328934 0 LOW INCOME HOUSING 1 FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING DEPARTMENT AND MANAGEMENT REVIEW THE FORM 990. A COPY IS PROVIDED TO THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHAUNCY HOUSE LIMITED PARTNERSHIP 185 DARTMOUTH STREET BOSTON MA 02116 043398035 LOW INCOME HOUSING MA COMMUNITY DEVELOPMENT INC RELATED 29705 1016402 0 0 0.99990 NB HOMES URBAN RENEWAL LP 185 DARTMOUTH STREET BOSTON MA 02116 223684862 LOW INCOME HOUSING NJ COMMUNITY DEVELOPMENT INC RELATED -579968 6256779 0 0 0.99990 NEW HOPE URBAN RENEWAL LIMITED PARTNERSHIP 185 DARTMOUTH STREET BOSTON MA 02116 061526687 LOW INCOME HOUSING MA COMMUNITY DEVELOPMENT INC RELATED 5670416 18607620 0 0 0.99990 SALEM HEIGHTS II PRESERVATION ASSOCIATES LP 2 OLIVE STREET SUITE 500 BOSTON MA 02109 861282816 LOW INCOME HOUSING MA N/A 0 1 TCB PERRY STREET LIMITED PARTNERSHIP 185 DARTMOUTH STREET BOSTON MA 02116 043374115 LOW INCOME HOUSING MA COMMUNITY DEVELOPMENT INC RELATED -29823 812392 0 0 0.99990 SEVER STREET MM LLC 185 DARTMOUTH STREET BOSTON MA 02116 813057999 LOW INCOME HOUSING MA COMMUNITY DEVELOPMENT INC C -56 0.51000 1 POAH SALEM HEIGHTS II LLC 2 OLIVER STREET SUITE 500 BOSTON MA 02109 861339489 LOW INCOME HOUSING MA COMMUNITY DEVELOPMENT INC C 0.71000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0