2024-11-15T09:26:51-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043562853 SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION AND AFFILIATES SOUT 6173647300 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 MARY CELESTE BROWN INTERIM EXECUTIVE DIRECTOR 6173647300 2024-11-05 1 1 JUSTIN K LEROUX CPA P01722988 5083669100 2024-11-05 2023 2024-10-15 13:58:12Z MARY CELESTE BROWN 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 1941688 0 X WWW.SWBCDC.ORG X 2001 MA THE SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION IS LED BY PRINCIPLES OF RACIAL EQUITY AND INCLUSION, TO ALLEVIATE SOCIAL AND ECONOMIC DISPARITIES THAT IMPACT PEOPLE'S QUALITY OF LIFE AND FUTURE OPPORTUNITIES. IT SHALL BE LED BY AND FOR RESIDENTS OF THE HYDE PARK, ROSLINDALE, MATTAPAN, DORCHESTER AND WEST ROXBURY. WE WILL DEVELOP AND PRESERVE HOUSING FOR LOW AND MODERATE-INCOME PEOPLE; PREVENT DISPLACEMENT OF NEIGHBORHOOD RESIDENTS, PARTICULARLY ELDERS AND THOSE OF LIMITED MEANS; AND STRENGTHEN THE COMMERCIAL BASE OF THE NEIGHBORHOOD. WE WILL WORK TO CREATE VIBRANT, STABLE AND HEALTHY NEIGHBORHOODS, THROUGH COMMUNITY ORGANIZING AND PROGRAMS FOCUSED ON HOUSING AND ECONOMIC DEVELOPMENT, ENVIRONMENTAL JUSTICE, AND RESIDENTIAL HEALTH AND THE ARTS THAT BRING LONG-TIME RESIDENTS AND NEWCOMERS OF ALL AGES AND DIVERSE BACKGROUNDS TOGETHER. 15 15 9 15 0 0 113754 271683 1486551 1669548 0 0 2686 457 1602991 1941688 0 0 0 0 124645 185482 0 0 52412 2179843 2314837 2304488 2500319 -701497 -558631 21987853 21744540 22832499 23147817 -844646 -1403277 X THE SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION IS LED BY PRINCIPLES OF RACIAL EQUITY AND INCLUSION, TO ALLEVIATE SOCIAL AND ECONOMIC DISPARITIES THAT IMPACT PEOPLE'S QUALITY OF LIFE AND FUTURE OPPORTUNITIES. IT SHALL BE LED BY AND FOR RESIDENTS OF THE HYDE PARK, ROSLINDALE, MATTAPAN, DORCHESTER AND WEST ROXBURY. WE WILL DEVELOP AND PRESERVE HOUSING FOR LOW AND MODERATE-INCOME PEOPLE; PREVENT DISPLACEMENT OF NEIGHBORHOOD RESIDENTS, PARTICULARLY ELDERS AND THOSE OF LIMITED MEANS; AND STRENGTHEN THE COMMERCIAL BASE OF THE NEIGHBORHOOD. WE WILL WORK TO CREATE VIBRANT, STABLE AND HEALTHY NEIGHBORHOODS, THROUGH COMMUNITY ORGANIZING AND PROGRAMS FOCUSED ON HOUSING AND ECONOMIC DEVELOPMENT, ENVIRONMENTAL JUSTICE, AND RESIDENTIAL HEALTH AND THE ARTS THAT BRING LONG-TIME RESIDENTS AND NEWCOMERS OF ALL AGES AND DIVERSE BACKGROUNDS TOGETHER. 0 0 2177096 1669548 REAL ESTATE DEVELOPMENTSWBCDC DEVELOPS AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES IN THE BOSTON NEIGHBORHOODS OF HYDE PARK AND ROSLINDALE, IN ORDER TO HELP SUSTAIN AND PRESERVE NEIGHBORHOODS AND ADDRESS THE ONGOING HOUSING CRISIS IN BOSTON. THE ORGANIZATION HAS A PORTFOLIO OF 95 AFFORDABLE UNITS ACROSS BOTH NEIGHBORHOODS. THE CDC OWNS 8 TOWNHOMES IN ROSLINDALE THAT WERE ACQUIRED AND PRESERVED AS AFFORDABLE IN 2016 THROUGH THE CITY OF BOSTON DND ACQUISITION AND OPPORTUNITY PROGRAM. IN 2018 THE CDC COMPLETED CONSTRUCTION ON 27-UNITS OF CO-DEVELOPED TRANSIT ORIENTED APARTMENTS ON FAIRMOUNT AVE IN HYDE PARK. IN 2019-2020, THE CDC ACQUIRED 4 PROPERTIES IN HYDE PARK, TOTALLING 34 MORE UNITS OF LOW TO MODERATE INCOME HOUSING. IN 2022, THE CDC ACQUIRED 3 MORE PROPERTIES IN HYDE PARK AND ROSLINDALE, TOTALING A FURTHER 21 UNTS. SIX OF THESE UNITS ARE LEASED TO FAMILYAID FOR USE AS TRANSITIONAL HOUSING FOR PREVIOUSLY UNHOUSED FAMILIES. THE CDC HAS AGGRESSIVELY GROWN ITS REAL ESTATE.THE CDC IS CURRENTLY IN THE PRE-DEVELOPMENT PHASE OF A REFINANCING PROJECT FOR 8 OF OUR 9 PROPERTIES. THIS REFINANCING WILL PROTECT THE AFFORDABILITY OF THESE PROPERTIES, PAY FOR UPDATING OF THE BUILDINGS AND DECREASE THE CARBON USE IN THEIR SYSTEMS THROUGH LONGER-TERM, LOW-COST FINANCING. 37846 ENVIRONMENTAL STEWARDSHIP AND YOUTH EMPLOYMENTSWBCDC RUNS THE HYDE PARK GREEN TEAM. THROUGH THIS PROGRAM, THE ORGANIZATION HIRES BETWEEN 16 AND 25 YOUTH, AGES 14 - 23 TO PRESERVE AND RESTORE CITY-OWNED URBAN WILD SITES IN HYDE PARK. THIS PROGRAM IS CONDUCTED IN PARTNERSHIP WITH THE BOSTON PARKS DEPARTMENT, WHICH RELIES ON THE GREEN TEAM TO SUPPORT ITS GOALS FOR ITS NATURAL SITES IN HYDE PARK AND THE BOSTON DEPARTMENT OF YOUTH EMPLOYMENT AND ENGAGEMENT. THE PROGRAM ALSO INCLUDES TRAINING ON JOB READINESS, LEADERSHIP SKILLS, COMMUNITY OUTREACH, FINANCIAL LITERACY AND URBAN AGRICULTURE,LANDSCAPING, ENVIRONMENTAL STEWARDSHIP, WOODS SAFETY, AND JOBS IN THE ENVIRONMENTAL FIELD. THE PROGRAM RUNS EACH SUMMER. 94937 457 GREEN INITIATIVE - COMMUNITY ORGANIZINGWE ARE WORKING IN PART WITH THE FAIRMOUNT INDIGO CDC COLLABORATIVE TO ENGAGE AND EDUCATE COMMUNITY MEMBERS ABOUT THE THREATS OF CLIMATE CHANGE AND PREPARING MITIGATION STRATEGIES. OUR THREE YEAR IMPLEMENTATION PLAN IS FOCUSED ON IMPROVING ACCESS TO ENVIRONMENTALLYSUSTAINABLE AFFORDABLE HOUSING, GREEN JOBS AND GREEN INFRASTRUCTURE. CREATING URBAN TREE COVER AND GREEN SPACE WILL EMBED IN OUR NEIGHBORHOODS PROTECTIONS AGAINST NEGATIVE CLIMATE IMPACTS IN OUR NEIGHBORHOOD. WE ARE WORKING ON CHANGES IN STATE AND CITY POLICY THATWILL IMPROVE AND CREATE HEALTHIER COMMUNITIES. THE CDC ALSO WORKS ON PRESERVING AND PROTECTING GREEN SPACES. WE CONTINUE TO WORK WITH COMMUNITY MEMBERS, LOCAL GOVERNMENT, OTHER ORGANIZATIONS AND THE SOLOMON FOUNDATION ON A PATH ALONG THE NEPONSET RIVERBANK, AND ARE ACTIVE ON THE EPA'S COMMUNITY ADVISORY GROUP FOR THEIR SUPERFUND CLEAN-UP ALONG THE NEPONSET RIVER IN HYDE PARK. 2309879 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 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 1 1 1 0 0 0 1 2 0 1 9 1 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 1 1 MA DE X MARY CELESTE BROWN 6173647300 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 ELLEN CARACCIOLO PRESIDENT AND TREASURER 2.00 X X 0 0 0 DIANA KELLY VICE PRESIDENT 1.50 X X 0 0 0 SARAH LAMITIE CLERK 1.50 X X 0 0 0 MIMI TURCHINETZ BOARD MEMBER 2.00 X 0 0 0 SHARON HINTON BOARD MEMBER 1.00 X 0 0 0 BOB VANCE BOARD MEMBER 1.00 X 0 0 0 ALIX CANTAVE BOARD MEMBER 1.00 X 0 0 0 JANEAN MUHAMMAD BOARD MEMBER 1.00 X 0 0 0 ELIZABETH COLUMBO BOARD MEMBER 1.00 X 0 0 0 EMYR REMY BOARD MEMBER 1.00 X 0 0 0 JOSEPH OKAFOR BOARD MEMBER 1.00 X 0 0 0 JAY PAGET BOARD MEMBER 1.00 X 0 0 0 ADRIANA CILLO BOARD MEMBER 1.00 X 0 0 0 AMENATA BOTU BOARD MEMBER 1.00 X 0 0 0 RAYSA ORTIZ BOARD MEMBER 1.00 X 0 0 0 JEANNE DUBOIS EXECUTIVE DIRECTOR 30.00 X 40440 0 0 40440 0 0 0 0 0 0 0 66865 38438 166380 271683 RENTAL INCOME 532000 1669548 1669548 1669548 OTHER INCOME 900099 457 457 457 1941688 1670005 0 0 40440 28308 8088 4044 118303 73456 38426 6421 6084 3550 2090 444 3416 1994 1172 250 17239 10060 5921 1258 8482 8451 31 75073 32178 42895 220552 161369 22554 36629 14689 8739 4749 1201 1261888 1254749 5264 1875 581473 580669 804 11034 7481 3553 MISCELLANEOUS 81742 78971 2481 290 BAD DEBT 59904 59904 2500319 2309879 138028 52412 378730 405244 85301 106186 167520 325874 16133 15499 22972052 2150695 21269789 20821357 70380 70380 21987853 21744540 469238 637669 1510045 1469790 17420268 21016072 3432948 24286 22832499 23147817 X -846533 -1403277 1887 0 -844646 -1403277 21987853 21744540 -558631 0 X X 0 1 X 1 0 X 179736 161016 365771 113754 271683 1091960 179736 161016 365771 113754 271683 1091960 212813 879147 1091960 5152397 0.80510 0.79880 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION CHANGED ITS TAX YEAR FROM 6/30 TO 12/31 IN 2020. THE 2020 TAX RETURN WAS FOR THE PERIOD 7/1/2020 TO 12/31/2020, WHICH IS A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22624865 2064199 20560666 200593 17503 183090 146594 68993 77601 20821357 X PART X, LINE 2: THE CDC 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 CDC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. THE CDC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-08-17 1754000 CONSTRUCTION 0 0 0 A 284210 1754000 101558 1652442 2017 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 6 SWBCDC HAS MEMBERS THAT SERVE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A SWBCDC HAS MEMBERS THAT SERVE ON THE BOARD OF DIRECTORS AND HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND MASSACHUSETTS FORM PC WILL BE MADE AVAILABLE TO THE FINANCE COMMITTEE MEMBERS FOR REVIEW BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C SWBCDC REQUIRES EACH OFFICER, BOARD MEMBER AND KEY EMPLOYEE TO READ THE CONFLICT OF INTEREST POLICY AND UPDATE SWBCDC IF THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. ALL SUBSEQUENT BOARD MOTIONS CONSIDERED THROUGH THE COURSE OF THE YEAR ARE DONE SO WITH THE CONFLICT OF INTEREST POLICIES IN MIND. ALL SWBCDC BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE CONTRACTED EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED THROUGH A NEGOTIATED PROCESS AT THE TIME OF HIRING. THE PROCESS FOR DETERMINING COMPENSATION OF SWBCDC'S OTHER KEY EMPLOYEES IS BASED ON COMPARING SALARY DATA AT ANOTHER COMPARABLE CDC AND ADJUSTING ACCORDINGLY IF DEEMED NECESSARY. CHANGES TO SALARY ARE ALSO DETERMINED BY THE EEXECUTIVE DIRECTOR, BASED ON EMPLOYEE HOURS AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 SWBCDC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS DURING 2023. 875-889 ALH LLC 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 812999502 LOW INCOME HOUSING MA 411702 2233481 SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION SWBCDC HOMES LLC 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 842809930 LOW INCOME HOUSING MA 1010493 16078190 SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION SWBCDC HOMES II LLC 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 882872932 LOW INCOME HOUSING MA 247353 3551813 SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION RESIDENCES AT FAIRMOUNT STATION LLC 11 NOTT STREET HYDE PARK MA 02136 812328418 LOW INCOME HOUSING MA N/A 0 0 RESIDENCES AT FAIRMOUNT STATION MM LLC 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 812346582 LOW INCOME HOUSING MA N/A C 0.35000 0 SWBCDC FAIRMOUNT INC 11 FAIRMOUNT AVENUE 101 HYDE PARK MA 02136 043562853 LOW INCOME HOUSING MA SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION C -1581 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0