2023-07-17T15:01:59-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 043289039 VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC VIET 6178223717 42 CHARLES STREET DORCHESTER MA 02122 GEORGE HUYNH EXECUTIVE DIRECTOR 6178223717 2023-07-11 1 GEORGE HUYNH XXX-XX-XXXX 0 ANDREW R PURICELLI CPA P01633436 5083669100 2023-07-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEORGE HUYNH 42 CHARLES STREET DORCHESTER MA 02122 1939615 0 X WWW.VIETAID.ORG X 1994 MA VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT, INC. WAS FOUNDED IN 1994 AS A GRASSROOTS COMMUNITY DEVELOPMENT CORPORATION. THE MISSION OF THE AGENCY IS TO BUILD A STRONG VIETNAMESE AMERICAN COMMUNITY AND A VIBRANT FIELDS CORNER NEIGHBORHOOD. THE FOUR BASIC GOALS OF THE MISSION ARE: TO INCREASE CIVIC PARTICIPATION, PROMOTE ECONOMIC DEVELOPMENT AND SELF SUFFICIENCY, TO BUILD AFFORDABLE HOUSING FOR RESIDENTS IN FIELDS CORNER AND THE GREATER DORCHESTER AREA AND TO FOSTER YOUTH LEADERSHIP. 7 7 28 22 0 0 1657394 1462894 1226388 461072 7480 4537 0 11112 2891262 1939615 0 0 0 0 1176435 1070090 0 0 16784 1304490 1034673 2480925 2104763 410337 -165148 5524818 5585930 1857350 2083610 3667468 3502320 X VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT, INC. WAS FOUNDED IN 1994 AS A GRASSROOTS COMMUNITY DEVELOPMENT CORPORATION. THE MISSION OF THE ORGANIZATION IS TO BUILD A STRONG VIETNAMESE AMERICAN COMMUNITY AND A VIBRANT FIELDS CORNER NEIGHBORHOOD. THE FOUR BASIC GOALS OF THE MISSION ARE: TO INCREASE CIVIC PARTICIPATION, PROMOTE ECONOMIC DEVELOPMENT AND SELF SUFFICIENCY, TO BUILD AFFORDABLE HOUSING FOR RESIDENTS IN FIELDS CORNER AND THE GREATER DORCHESTER AREA AND TO FOSTER YOUTH LEADERSHIP. 0 0 231596 342309 REAL ESTATE DEVELOPMENT - AS A COMMUNITY DEVELOPMENT CORPORATION, VIETAID'S PRIMARY GOAL IS TO DEVELOP AFFORDABLE HOUSING TO SUPPORT STABILIZING THE WORKING CLASS CORE OF DORCHESTER. ONE WAY WE HAVE WORKED TO ACHIEVE THIS GOAL IS BY BUILDING AFFORDABLE HOUSING DEVELOPMENTS AND DEED RESTRICTING THEM IN PERPETUITY TO CREATE STABILITY AMONG HOUSING OFFERINGS IN THE COMMUNITY. VIETAID HAS DEVELOPED FIVE SIGNIFICANT, MIXED-USE AFFORDABLE HOUSING PROJECTS, ALL OF WHICH ARE LOCATED WITHIN A HALF-MILE RADIUS OF PUBLIC TRANSPORTATION IN DORCHESTER. VIETAID HAS HIRED TRINITY MANAGEMENT, LLC, A COMPANY THAT SPECIALIZES IN MANAGING AFFORDABLE HOUSING IN AN URBAN SETTING, TO MANAGE OUR PORTFOLIO OF 123 AFFORDABLE RENTAL UNITS THAT PROVIDE AFFORDABLE AND QUALITY HOUSING TO OVER 123 FAMILIES AND INDIVIDUALS. WE HELP APPLICANTS NAVIGATE LOW-INCOME HOUSING TAX CREDITS (LIHTC) AND THE MASSACHUSETTS RENTAL VOUCHER PROGRAMS (MVRP).AS A MASSACHUSETTS HOMEOWNERSHIP COLLABORATIVE APPROVED COUNSELING AGENCY, VIETAID SUPPORTS FAMILIES THROUGH THE PROCESS OF RENTING A HOME OR ACQUIRING AFFORDABLE HOUSING, INCLUDING UNDERSTANDING TENANT AND LANDLORD'S RIGHTS AND RESPONSIBILITIES AND NAVIGATING THE CONTRACT BETWEEN THE HOUSING AGENT, LANDLORD, AND TENANT. VIETAID'S FIRST-TIME HOMEBUYER TRAINING TEACHES ABOUT BASIC HOME PURCHASING, FINANCING APPLICATION PROCEDURES, BUILDING CREDIT, MORTGAGE QUALIFICATION, FINANCIAL LITERACY, AND HOMEOWNERSHIP. VIETAID IS THE ONLY PROGRAM IN MASSACHUSETTS THAT PROVIDES HOME BUYING COUNSELING IN VIETNAMESE. WE HAVE ASSISTED OVER 400 FAMILIES THROUGH HOUSING COUNSELING PROGRAMS AND CERTIFIED APPROXIMATELY 600 LIMITED ENGLISH PROFICIENT INDIVIDUALS IN OUR TEN-HOUR WORKSHOPS. VIETAID HELPS LOW-INCOME FAMILIES IMPROVE THEIR INCOME AS WELL AS ACCUMULATE AND EXPAND FAMILY WEALTH BY EDUCATING 250-300 PROSPECTIVE HOMEBUYERS/HOMEOWNERS ON THE HOME-BUYING PROCESS AND HOMEOWNERSHIP, ASSISTING 40-50 GRADUATES IN PURCHASING THEIR FIRST HOMES, AND ASSISTING 100 HOMEOWNERS TO ACCESS RESOURCES TO RETROFIT OR REPAIR THEIR HOMES. 595271 COMMUNITY ORGANIZING AND SUPPORT - VIETAID PARTICIPATES IN AND HOSTS A NUMBER OF EVENTS THROUGHOUT THE YEAR, RECOGNIZING THAT THE CELEBRATION OF A VARIETY OF OCCASIONS ARE KEY TO BUILDING A SENSE OF UNITY AND BELONGING WITHIN THE COMMUNITY. SOME OF THESE INCLUDE: TET, THE VIETNAMESE LUNAR NEW YEAR; DORCHESTER DAY PARADE; AND MANY MORE. IN ADDITION TO VIETAID LED EVENTS, WE ALSO COLLABORATE WITH A WIDE RANGE OF COMMUNITY ORGANIZATIONS AND PARTNERS TO HELP BROADEN OUR REACH IN ENGAGEMENT. WE PARTICIPATE THROUGH VARIOUS MEANS SUCH AS BEING PART OF OTHER HOSTED EVENTS OR COMMUNITY MEETINGS. SOME OF THESE INCLUDE: A TET TALK AT THE MUSEUM OF FINE ARTS; LOVE YOUR BLOCK (A CITY-WIDE CLEAN-UP INITIATIVE); AND MORE.BEYOND CULTURAL CELEBRATIONS AND COMMUNITY SERVICE, VIETAID IS COMMITTED TO PROMOTING SOCIAL JUSTICE AND ADVOCATING FOR AND WITH COMMUNITY MEMBERS ON A NUMBER OF ISSUES. OVER THE YEARS, OUR ORGANIZATION HAS LED CANVASSING EFFORTS FOR INCREASED CIVIC ENGAGEMENT, ENGAGED IN ACTIONS AGAINST DISPLACEMENT, AND SUPPORTED MANY OTHER MOVEMENTS THAT IMPACT OUR COMMUNITY.OLDER ADULT PROGRAM: IN 2018, VIETAID TOOK OVER A DROP IN DAY PROGRAM FOR OLDER ADULTS IN THE DORCHESTER NEIGHBORHOOD. THE ONLY FREE PROGRAM, THIS PROGRAM PROMOTES HEALTHY AGING THROUGH WELLNESS AND CIVIC ENGAGEMENT. BETWEEN 85-120 PARTICIPANTS VISIT THE PROGRAM ON A DAILY BASIS. 608951 49605 EARLY EDUCATION - FOUNDED IN 2005, AU CO PRESCHOOL IS THE FIRST AND ONLY VIETNAMESE BILINGUAL AND BICULTURAL PRESCHOOL PROGRAM IN MASSACHUSETTS. AU CO IS A MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE CERTIFIED PROGRAM. MOST CHILDREN ARE SUPPORTED WITH TUITION SUPPORT FROM THE GOVERNMENT OR OUR SCHOLARSHIP PROGRAM. RUN BY SEVEN, EXPERIENCED BILINGUAL AND BICULTURAL DAYCARE PROVIDERS, AU CO PREPARES OUR STUDENTS TO ENROLL IN KINDERGARTEN IN THE BOSTON PUBLIC SCHOOLS WITH AN APPROACH TO EDUCATION THAT SUPPORTS PHYSICAL, SOCIAL, EMOTIONAL, AND COGNITIVE DEVELOPMENT. SPANISH AND PORTUGUESE LANGUAGE SUPPORT ALSO AVAILABLE. OUR CLASSROOMS HAVE A STUDENT: TEACHER RATIO OF 8:1. 198211 80270 VIETNAMESE COMMUNITY CENTER LLC - IN 2001, VIETNAMESE RESIDENTS IN DORCHESTER DECIDED TO BUILD A CENTER AT THE HEART OF THE VIETNAMESE COMMUNITY IN MASSACHUSETTS. THE CENTER WOULD BE A BRAND NEW COMPLEX WITH A NON-PROFIT TENANT GROUP PROVIDING A COMPREHENSIVE MIX OF SERVICES TO MEET THE NEEDS OF VIETNAMESE REFUGEES AND IMMIGRANTS. THE VIETNAMESE AMERICAN COMMUNITY CENTER (VACC) WAS A MAJOR COMMUNITY PROJECT COORDINATED BY VIETAID STAFF AND A 28 MEMBER COMMUNITY CENTER STEERING COMMITTEE. THIS COMMITTEE INVOLVED 100 ADDITIONAL VOLUNTEERS, WHO SUCCESSFULLY RAISED MORE THAN $140,000 FROM OVER 1,000 INDIVIDUALS AND BUSINESSES FOR THE PROJECT. THE ORGANIZING COMMITTEE ULTIMATELY RAISED $5.1 MILLION FROM GRASSROOTS, MAJOR CORPORATE AND FOUNDATION SUPPORTERS, AND GOVERNMENT AGENCIES TO FUND THE CONSTRUCTION PROJECT IN ITS ENTIRETY. THE CENTER'S PLANNING PROCESS BUILT LEADERSHIP WITHIN THE VIETNAMESE COMMUNITY BY ENGAGING VIETNAMESE-SPEAKING RESIDENTS TO IDENTIFY ISSUES AND NEEDS, MOBILIZING OTHER RESIDENTS' SUPPORT, AND ASSISTING VIETAID TO INCORPORATE THE COMMUNITY'S INPUT IN THE CENTER'S DEVELOPMENT PHASES. TO THIS DAY, THE COMMUNITY CENTER REMAINS A SAFE AND WELCOMING SPACE WHERE DORCHESTER RESIDENTS CAN CELEBRATE, ORGANIZE, GATHER, AND ACCESS NEEDED SERVICES. THE VACC SERVES A PLACE FOR THE COMMUNITY TO COME TOGETHER AND TAKE PART IN OR LEARN ABOUT PROGRAMS THAT CAN HELP THEM IMPROVE THEIR HEALTH, EDUCATION, FINANCIAL WELL-BEING, AND MORE. THE VACC HOUSES VIETAID'S DAY-CARE PROGRAM, WHICH SERVES 45 PRE-SCHOOL AGE CHILDREN, AS WELL AS OUR YOUTH DEVELOPMENT PROGRAM AND DROP IN DAY PROGRAM FOR AGING ADULTS. VIETAID IS JUST ONE OF SEVERAL COMMUNITY ORGANIZATIONS THAT OPERATES OUT OF THE VACC. ON ANY GIVEN DAY, AS MANY AS 200 CHILDREN, YOUTH, AND ADULTS ACCESS SERVICES IN THE BUILDING. 198211 80270 1634029 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 9 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X GEORGE HUYNH 6178223717 42 CHARLES STREET DORCHESTER MA 02122 LISETTE LE EXECUTIVE DIRECTOR (UNTIL 12/1/22) 37.00 0.50 X 74459 0 203 GEORGE HUYNH EXECUTIVE DIRECTOR (AS OF 12/1/22) 37.00 0.50 X 10000 0 145 KIM THAI CHAIR 1.00 0.10 X X 0 0 0 DANIELLE GOATLEY TREASURER 1.00 0.10 X X 0 0 0 KERRY MCGOWAN CLERK 1.00 0.10 X X 0 0 0 KHANG NGUYEN MEMBER 1.00 0.10 X 0 0 0 JIM COLLINS MEMBER 1.00 0.10 X 0 0 0 AISHA MILLER MEMBER 1.00 0.10 X 0 0 0 ANNE PHAM MEMBER 1.00 0.10 X 0 0 0 VARSHA GOSH MEMBER (LEFT IN 2022) 1.00 0.10 X 0 0 0 84459 0 348 0 0 0 0 0 21160 837935 603799 1462894 DEVELOPER FEES 531190 186356 186356 FEES AND PROJECT REIMB 561700 114861 114861 RENTAL INCOME 531190 110250 110250 PROGRAM SERVICE INCOME 624410 49605 49605 461072 4537 4537 MISCELLANEOUS 900099 11112 11112 11112 1939615 472184 0 4537 X 80407 62258 18149 865760 802651 63109 40539 33801 6738 83384 75613 7771 2594 2594 39025 39025 361965 214467 130913 16585 93485 74123 19163 199 201622 191647 9975 156647 156647 MEALS 75514 74514 1000 CHILDCARE AND YOUTH SER 42067 40771 1296 BAD DEBTS 33506 33506 OTHER MISCELLANEOUS COS 28248 28084 164 2104763 1634029 453950 16784 388733 116098 200896 429901 19452 34833 5214906 2723183 2633061 2491723 2282676 2513375 5524818 5585930 208656 131601 1527861 1819509 120833 132500 1857350 2083610 X 3589968 3490320 77500 12000 3667468 3502320 5524818 5585930 -165148 0 X X 0 1 X 1 0 X 551386 719761 1944251 1657394 1462894 6335686 551386 719761 1944251 1657394 1462894 6335686 393268 5942418 20 85 8016 7480 4537 20138 6355824 3869812 0.93500 0.96600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 170000 170000 4998471 2688016 2310455 46435 35167 11268 2491723 DUE FROM AFFILIATES 2513375 2513375 CONDITIONAL ADVANCE 132500 132500 X PART X, LINE 2: THE AGENCY 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 AGENCY 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. THE AGENCY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE 990 BEFORE IT IS FINALIZED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS ASKED ANNUALLY TO VERIFY/CONFIRM THAT THERE ARE NO NEW CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS ANNUAL COMPENSATION OF OTHER EXECUTIVE DIRECTORS IN SIMILAR SIZED ORGANIZATIONS. THE ORGANIZATION REVIEWS ANNUAL COMPENSATION FOR ALL STAFF AND COMPARES TO OTHER SIMILAR SIZED ORGANIZATIONS. EMPLOYEES HAVE AN ANNUAL PERFORMANCE REVIEW PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE AGENCY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING AND CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 214,467. MANAGEMENT AND GENERAL EXPENSES 130,913. FUNDRAISING EXPENSES 16,585. TOTAL EXPENSES 361,965. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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