2023-11-13T13:53:30-06:00 2022-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 CONGRESS STREET SUITE 710 BOSTON MA 02110 990 2022-01-01 042760272 COALITION FOR A BETTER ACRE INC COAL 9784527523 517 MOODY STREET LOWELL MA 01854 P DEBORAH MOTEW VP 9789051309 2023-11-13 1 P DEBORAH MOTEW 999009999 0 CHARLES A RHUDA III P00133647 6173301920 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD CHAVEZ 517 MOODY STREET LOWELL MA 01854 4512668 0 X N/A X 1982 MA COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT, TRAINING AND AFFORDABLE HOUSING FOR RESIDENTS 13 13 13 0 0 0 1314515 1884130 756352 1816123 1355475 716944 250937 95471 3677279 4512668 0 0 0 0 1347713 1476547 0 0 45430 1348468 1644498 2696181 3121045 981098 1391623 30726937 36090256 8209625 12181321 22517312 23908935 COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT AND TRAINING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE COMMUNITY AND FOR EDUCATING RESIDENTS OF PROBLEM HOUSING 0 0 1975702 1958888 COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT AND TRAINING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE COMMUNITY AND FOR EDUCATING RESIDENTS OF PROBLEM HOUSING 1975702 1 1 0 0 0 0 0 0 0 1 1 0 1 0 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 0 0 0 1 16 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X MICHELE WITTS 9784527523 517 MOODY STREET LOWELL MA 01854 PAUL GAUDET DIRECTOR 1.00 X 0 0 0 SIXTO DEJESUS PRESIDENT 1.00 X X 0 0 0 PATRICIA COFFEY DIRECTOR 1.00 X 0 0 0 RICHARD CHAVEZ TREASURER 1.00 X X 0 0 0 AMADA GREGORY DIRECTOR 1.00 X 0 0 0 MUSU GAYE DIRECTOR 1.00 X 0 0 0 CARLOS GONZALEZ DIRECTOR 1.00 X 0 0 0 ERIC PONN DIRECTOR 1.00 X 0 0 0 GEORGE RAMIREZ DIRECTOR 1.00 X 0 0 0 MASADA JONES CLERK 1.00 X 0 0 0 MARY WAMBUI DIRECTOR 1.00 X 0 0 0 CLAIRE RICKER DIRECTOR OF REAL ESTATE 40.00 X 76892 0 4034 PETER MARTIN DIRECTOR 1.00 X 0 0 0 LAURA TAVARES DIRECTOR 1.00 X 0 0 0 CARMEN BERMUDEZ DIRECTOR 1.00 X 0 0 0 JESS WILSON DIRECTOR 1.00 X 0 0 0 SIDNEY LIANG DIRECTOR 1.00 X 0 0 0 ZELMA LYONS-KHADAR DIRECTOR 1.00 X 0 0 0 MICHELE WITTS CHEIF FINACIAL OFFICER 40.00 X 70232 0 18378 YUN JU CHOI EXECUTIVE DIRECTOR 40.00 X 118434 0 13267 DEB MOTEW VICE PRESIDENT 1.00 X 0 0 0 MARIA GUTIERREZ-YAPUR DIRECTOR OF PROGRAMS 40.00 X 67319 0 3327 THOMAS EMERY REAL ESTATE PROJECT MANAGE 40.00 X 76765 0 11715 409642 0 50721 1 0 0 0 0 1884130 1884130 STATE TAX CREDIT PROCE 531110 664300 664300 DEVELOPER OVERHEAD 531110 538951 538951 TENANT RENTS (MSLP) 531110 436097 436097 ASSET MANAGEMENT 531110 176775 176775 1816123 716944 47294 669650 95471 95471 95471 4512668 1958888 0 669650 438583 322921 70232 45430 761122 388102 373020 276842 177798 99044 25987 25987 90379 78635 11744 80587 7322 73265 92742 35390 57352 83335 3098 80237 376851 352593 24258 220900 220900 53418 37234 16184 PROGRAM EXPENSES 188137 91651 96486 MISCELLANEOUS 153458 0 153458 CONTRACTED FEES 106955 84486 22469 UTILITIES 97923 89321 8602 73826 60264 13562 3121045 1975702 1099913 45430 365993 614137 1278658 1109428 96699 4682 20538946 21238874 28641 65351 12095180 3101293 4663472 8993887 2477697 2510991 1276831 1552906 30726937 36090256 169306 494247 7275414 10266375 369670 976279 395235 444420 8209625 12181321 X 22517312 23908935 0 0 22517312 23908935 30726937 36090256 1391623 0 X X 0 1 X 1 0 X 1852410 1295809 1503690 1314515 1884130 7850554 1852410 1295809 1503690 1314515 1884130 7850554 7850554 1139894 891341 931367 1355475 716944 5035021 389085 397449 729835 591883 650991 2759243 15644818 0.50180 0.47110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 204314 42261 -3461 158592 189699 18740 -4125 204314 158263 34963 -3527 189699 133299 200 36274 -8248 -3262 158263 152199 -7998 -8170 -2732 133299 0 0 1957194 1957194 9823557 3101293 6722264 314429 314429 8993887 INVESTMENT IN UNWRAPPED INC. 1007645 F INVESTMENT IN ENTITIES 1503346 F 2510991 DUE TO RELATED PARTIES 6773 DEVELOPMENT FEE PAYABLE 437647 444420 X 4512668 0 4512668 0 4512668 3121045 0 3121045 0 3121045 PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE CORPORATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C) (3) STATUS BY THE INTERNAL REVENUE SERVICE THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT THOROUGHLY REVIEWS THE FORM 990 BEFORE PROVIDING A COPY TO THE GOVERNING BODY AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY REVIEWS THE POLICY ANNUALLY AT A BOARD MEETING WHERE BOARD MEMBERS SIGN AN AFFIDAVIT STATING THAT THEY WILL ADHERE TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW OF COMPENSATION FOR EXECUTIVE DIRECTORS OF COMPARABLY SIZED COMMUNITY DEVELOPMENT CORPORATIONS WAS PERFORMED BY THE BOARD IN CONJUCTION WITH THE HIRING OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR PERIODICALLY REVIEWS SUCH DATA FOR KEY MANAGEMENT STAFF TO ENSURE SALARIES ARE IN LINE WITH COMPARABLE ORGANIZATIONS BY SIZE, GEOGRAPHY AND MISSION FOCUS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XII, LINE 2C THE COMPANY ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. 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