2023-10-05T09:37:04-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 223073668 METRO WEST COLLABORATIVE DEVELOPMENT INC METR 6179233505 79-B CHAPEL STREET NEWTON MA 02458 CAITLIN MADDEN EXECUTIVE DIRECTOR 6179233505 2023-10-04 1 CAITLIN MADDEN XXX-XX-XXXX 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2023-10-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAITLIN MADDEN 79-B CHAPEL STREET NEWTON MA 02458 1743878 0 X WWW.METROWESTCD.ORG X 1990 MA TO ORGANIZE RESIDENTS, MOBILIZE RESOURCES, AND IDENTIFY IDEAS THAT IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF METRO WEST COMMUNITIES. WE ACCOMPLISH THIS BY:1) CREATING AND PRESERVING AFFORDABLE HOMES2) SUPPORTING ECONOMIC DEVELOPMENT THAT STRENGTHENS NEIGHBORHOODS, TOWNS AND OUR REGION3) BUILDING ALLIANCES WITH PARTNERS AND CONSTITUENCIES THROUGHOUT THE REGION IN ORDER TO INCREASE AWARENESS AND BUILD SUPPORT FOR COMMUNITY DEVELOPMENT 8 8 12 8 0 0 522671 348549 1122515 1235666 439 29049 0 130614 1645625 1743878 0 0 0 0 555920 769471 0 0 0 921603 926272 1477523 1695743 168102 48135 10716261 17809934 8828004 15992556 1888257 1817378 TO PRESERVE AND PROMOTE AFFORDABLE HOUSING, SUPPORT ECONOMIC DEVELOPMENT AND BUILD SUPPORT FOR COMMUNITY DEVELOPMENT. 0 0 835593 971649 METRO WEST CD SEEKS TO ENGAGE RESIDENTS IN LOCAL PLANNING AND DECISION MAKING THAT EFFECTS THEIR NEIGHBORHOODS. 522256 394631 IN 2022 METRO WEST CD COMPLETED THE CONSTRUCTION OF 48 UNITS OF AFFORDABLE HOUSING, CLOSED ON THE FINANCING, AND STARTED CONSTRUCTION ON AN ADDITIONAL 44 UNITS AND OBTAINED ZONING APPROVAL FOR 30+ ADDITIONAL UNITS OF AFFORDABLE HOUSING. 132868 METRO WEST CD PROVIDES REFERRALS TO HOUSEHOLDS IN SEARCH OF AFFORDABLE HOUSING. WE ALSO COORDINATE LOTTERIES AND TENANT/BUYER SELECTION ON BEHALF OF DEVELOPERS OF AFFORDABLE HOUSING THROUGHOUT MASSACHUSETTS. METRO WEST CD ALSO ADMINISTERS EMERGENCY RENTAL AND DIRECT FINANCIAL ASSISTANCE AND SINCE THE BEGINNING OF THE PANDEMIC HAS SUPPORTED OVER 500 HOUSEHOLDS ON BEHALF OF SEVERAL FOUNDATIONS AND SEVEN MUNICIPALITIES. 1490717 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 15 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X CAITLIN MADDEN 6179233505 79-B CHAPEL STREET NEWTON MA 02458 SUNEETH JOHN PRESIDENT 1.00 0.30 X X 0 0 0 MIKE SHERMAN TREASURER 1.00 0.30 X X 0 0 0 BOB FLACK CLERK 1.00 0.30 X X 0 0 0 DORENA WONG-DELEON DIRECTOR 1.00 0.30 X 0 0 0 CRISTINA AYALA DIRECTOR 1.00 0.30 X 0 0 0 EUGENIA CHAPARRO DIRECTOR 1.00 0.30 X 0 0 0 KATHLEEN HOBSON DIRECTOR 1.00 0.30 X 0 0 0 THELMA TITUS DIRECTOR 1.00 0.30 X 0 0 0 SHERRY RUFF DIRECTOR (UNTIL 3/2022) 1.00 0.30 X 0 0 0 CAITLIN MADDEN EXECUTIVE DIRECTOR 39.00 1.00 X 122337 0 11231 122337 0 11231 1 0 0 0 DELLBROOK JKS ONE ADAMS PLACE 859 WILLARD STREET QUINCY MA 02169 GENERAL CONTRACTOR 1856064 DAVIS SQUARE ARCHITECTS INC 240 ELM STREET SOMERVILLE MA 02144 ARCHITECTURAL SERVICES 362303 MEANDER STUDIO INC 60 CALDWELL ROAD WALTHAM MA 02453 ARCHITECTURAL SERVICES 294710 CLEARY ELEVATOR INC 47 INTERVALE STREET QUINCY MA 02169 ENGINEERING SERVICES 121300 NITSCH ENGINEERING 2 CENTER PLAZA SUITE 430 BOSTON MA 02108 ENGINEERING SERVICES 106465 5 50000 298549 348549 RENTAL INCOME 531110 411903 411903 DEVELOPER FEES 531110 394631 394631 PROGRAM FEES 900099 284457 284457 COMMERCIAL INCOME 532000 144675 144675 1235666 29049 29049 PROCEEDS FROM TAX CRED 900099 2460000 2460000 RECOVERY OF PREVIOUSLY 900099 159314 159314 PROVISION AGAINST NOTE 900099 -2488700 -2488700 130614 1743878 1366280 0 29049 133568 110862 22706 552288 523920 28368 28941 28897 44 54674 52016 2658 21630 21630 2959 451 2508 135915 57195 78720 77456 58476 18980 28402 19814 8588 16621 11934 4687 433275 415357 17918 990 990 181416 180836 580 COMMERCIAL RENT 61251 61251 BAD DEBT 25807 25807 MISCELLANEOUS 24237 7418 16819 SUPPLIES 10155 7705 2450 -93842 -93842 1695743 1490717 205026 0 350517 338013 401248 1259590 292183 71544 700000 44698 46735 6371886 609479 6719785 5762407 9786 5998 2898044 9625647 10716261 17809934 357364 2527283 275281 103849 4223347 5581066 3972012 7780358 8828004 15992556 X 1854300 1793716 33957 23662 1888257 1817378 10716261 17809934 X 48135 -119214 200 X X 0 1 X 1 1 1 X 1476074 275586 454511 475584 348549 3030304 411013 286925 885757 1122515 1235666 3941876 1887087 562511 1340268 1598099 1584215 6972180 50000 7000 10000 67000 0 50000 7000 10000 67000 6905180 526 1317 539 439 29049 31870 526 1317 539 439 29049 31870 130614 130614 1887613 563828 1340807 1598538 1743878 7134664 0.96780 0.99010 0.00450 0.00060 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PROCEEDS FROM TAX CREDIT SALE - 2022 AMOUNT: $ 2,460,000. RECOVERY OF PREVIOUSLY RESERVED FEES - 2022 AMOUNT: $ 159,314. PROVISION AGAINST NOTES RECEIVABLE AND RELATED INTEREST - 2022 AMOUNT: $ -2,488,700. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 992200 992200 5267805 542863 4724942 111881 66616 45265 5762407 RESERVES 292949 DUE FROM RELATED PARTY - OPERATING 243493 PREDEVELOPMENT COSTS 8168956 RIGHT-OF-USE LEASE ASSETS 920249 9625647 REFUNDABLE GRANT 59300 DUE TO RELATED PARTY 38912 CONTINGENT DEBT 4814726 CONDITIONAL GRANT ADVANCES 1633702 LEASE LIABILITY 1052534 LINE OF CREDIT 181184 7780358 X PART X, LINE 2: THE ORGANIZATION 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. THE ORGANIZATION 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. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. ONCE APPROVED, THE FORM 990 IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSIONS HELD DURING BOARD MEETINGS. ALL BOARD OF DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT OF CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A MWCD UTILIZED A SALARY SURVEY COMPILED BY A NATIONAL COMMUNITY DEVELOPMENT ORGANIZATION TO SUBSTANTIATE THE SALARY SCALE. THE BOARD OF DIRECTORS DISCUSSES THE EXECUTIVE DIRECTOR'S PERFORMANCE AND APPROVES ANY COMPENSATION CHANGES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 200. FORM 990, PART XII, LINE 2C: MWCD HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND APPROVAL OF THE INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS HAS NOT CHANGED DURING 2022. GBW SENIOR APARTMENTS LLC 79-B CHAPEL STREET NEWTON MA 02458 831369551 AFFORDABLE SENIOR HOUSING MA 0 7685829 METRO WEST COLLABORATIVE DEVELOPMENT INC HERRING BROOK HILL LLC 79-B CHAPEL STREET NEWTON MA 02458 830717596 AFFORDABLE HOUSING MA 393435 6315117 METRO WEST COLLABORATIVE DEVELOPMENT INC 62 PACKARD STREET LLC 79-B CHAPEL STREET NEWTON MA 02458 880979436 AFFORDABLE HOUSING MA 0 842087 METRO WEST COLLABORATIVE DEVELOPMENT INC WEST NEWTON ARMORY LLC 79-B CHAPEL STREET NEWTON MA 02458 920753389 AFFORDABLE HOUSING MA 0 311459 METRO WEST COLLABORATIVE DEVELOPMENT INC 1060 BELMONT INC 79-B CHAPEL STREET NEWTON MA 02458 271619580 AFFORDABLE HOUSING RENTAL MA 501(C)(3) LINE 10 METRO WEST COLLABORATIVE DEVELOPMENT INC 1 ST JOSEPH HALL APARTMENTS LLC 79-B CHAPEL STREET NEWTON MA 02458 344766549 ELDERLY AFFORDABLE HOUSING RENTAL MA N/A N/A 0 0 GLEN BROOK WAY APARTMENTS LLC 79-B CHAPEL STREET NEWTON MA 02458 821959957 AFFORDABLE HOUSING MA N/A N/A 0 0 SJH LLC 79-B CHAPEL STREET NEWTON MA 02458 901003688 ELDERLY AFFORDABLE HOUSING RENTAL MA METRO WEST COLLABORATIVE DEVELOPMENT C 12510 12589 0.79000 0 GBW ONE MM LLC 79-B CHAPEL STREET NEWTON MA 02458 880934668 AFFORDABLE HOUSING MA METRO WEST COLLABORATIVE DEVELOPMENT C 79 0.79000 0 GBW SENIOR TWO MM LLC 79-B CHAPEL STREET NEWTON MA 02458 880934668 AFFORDABLE HOUSING MA METRO WEST COLLABORATIVE DEVELOPMENT C 0.79000 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 1060 BELMONT INC D 71633 FMV