2024-03-18T16:34:22-05:00 2023-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2022-07-01 043379905 MASSDEVELOPMENTHEFA TRUST MASS 6173302000 99 HIGH STREET BOSTON MA 02110 SEAN CALNAN TRUSTEE 6173302000 2024-03-05 1 SEAN CALNAN 999009999 0 LYNNE JOHNSON P00757336 6179129000 2024-03-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SEE SCHEDULE O 99 HIGH STREET BOSTON MA 02110 74249 0 X N/A X 1997 MA THE TRUST MAY PROVIDE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASI-PUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE BENEFIT OF CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST. 2 1 0 1 0 0 0 0 0 0 807797 74249 0 0 807797 74249 933976 150786 0 0 0 0 0 0 0 137462 96669 1071438 247455 -263641 -173206 8927090 9317179 57396 22594 8869694 9294585 X THE TRUST MAY PROVIDE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASI-PUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE (SEE SCHEDULE O) BENEFIT OF CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST. 0 0 150786 150786 DURING THE YEAR, A TOTAL OF 4 GRANTS WERE AWARDED THROUGH THE COMMUNITY HEALTH CENTER GRANT PROGRAM. THE PROGRAM PROVIDES GRANTS OF UP TO $50,000 TO COMMUNITY HEALTH CENTERS FOR INFRASTRUCTURE PROJECTS, WHICH INCLUDE CONSTRUCTION, RENOVATION, EQUIPMENT, FURNITURE, AND TECHNOLOGY RELATED PROJECTS. 150786 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X MASSACHUSETTS DEVELOPMENT FINANCE A 6173302000 99 HIGH STREET BOSTON MA 02110 RICKS P FRAZIER TRUSTEE (THRU 03/2023) 0.30 40.00 X 0 213786 24045 BRIAN KAVOOGIAN TRUSTEE 0.30 2.00 X 0 0 0 MIKE KENNEALY TRUSTEE (THRU 01/2023) 0.30 2.00 X 0 0 0 SEAN CALNAN TRUSTEE (AS OF 06/2023) 0.30 40.00 X 0 148686 41641 0 362472 65686 0 0 1 0 0 283768 283768 -209519 -209519 -209519 74249 0 0 74249 150786 150786 54543 54543 4032 4032 38094 38094 247455 150786 96669 0 150250 449464 10575 10985 8766265 8856730 8927090 9317179 4986 4032 52410 18562 57396 22594 X 8869694 9294585 8869694 9294585 8927090 9317179 -173206 598097 0 X 0 1 X 1 0 X X 1 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 6 1 0 0 1 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, LINE 2 MASSDEVELOPMENT/HEFA TRUST SUPPORTS MASSACHUSETTS DEVELOPMENT FINANCE AGENCY WHICH IS A STATE GOVERNMENTAL UNIT AND DOES NOT RECEIVE AN IRS DETERMINATION LETTER. PART IV, LINE 6 DURING THE YEAR, A TOTAL OF 4 GRANTS TOTALING $150,786 WERE AWARDED THROUGH THE COMMUNITY HEALTH CENTER GRANT PROGRAM. THE PROGRAM PROVIDES GRANTS OF UP TO $50,000 TO COMMUNITY HEALTH CENTERS FOR INFRASTRUCTURE PROJECTS, WHICH INCLUDE CONSTRUCTION, RENOVATION, EQUIPMENT, FURNITURE, AND TECHNOLOGY RELATED PROJECTS. THIS ORGANIZATION MAY PROVIDE THESE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASI PUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE BENEFIT OF CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST. 0 DUE TO MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 18562 18562 1 DIMOCK COMMUNITY HEALTH CENTER INC 55 DIMOCK STREET ROXBURY MA 02119 043487835 501(C)(3) 50000 0 PROJECT RECOVER - MODIFYING AND EXPANDING DIMOCK'S HEALTH CARE SERVICES AND INFRASTRUCTURE (PROJECT RECOVER), THE HEALTH CENTER IS SEEKING TO BEGIN IMPLEMENTATION OF STRATEGIC "MOVES" WITHIN THE RICHARDS BUILDING AND EYE SERVICES AT DIMOCK. COMMUNITY HEALTH CENTER OF CAPE COD INC 107 COMMERCIAL STREET MASHPEE MA 02649 043370560 501(C)(3) 50000 0 PURCHASE, UPGRADE AND INSTALL OUR IDENTIFICATION BADGE AND CAMERA SURVEILLANCE SYSTEMS AT OUR SATELLITE LOCATIONS IN CENTERVILLE, SANDWICH, FALMOUTH, AND BOURNE. FENWAY COMMUNITY HEALTH CENTER INC 1340 BOYLSTON STREET BOSTON MA 02115 042510564 501(C)(3) 50000 0 FUNDS ARE REQUESTED TO PURCHASE A 3D PRINTER FOR ITS DENTAL DEPARTMENT. 3 0 PART I, LINE 2: GRANT RECIPIENTS WERE REQUIRED TO SIGN A GRANT AGREEMENT PRIOR TO RECEIVING FUNDING. EACH GRANT AGREEMENT INCLUDED A REPORTING REQUIREMENT SECTION. THE RECIPIENTS WERE REQUIRED TO FORWARD STATUS UPDATES, AND ALSO TO NOTIFY THE TRUST WHEN THE PROJECT WAS COMPLETED. THE RECIPIENTS ALSO AGREED TO ALLOW A REPRESENTATIVE OF THE TRUST TO VISIT THE PROJECT SITE FOR THE PURPOSE OF INSPECTING THE PROJECT AND ENSURING COMPLIANCE. 0 0 0 0 0 0 0 0 0 RICKS P FRAZIER TRUSTEE (THRU 03/2023) 0 206664 0 0 0 7122 0 22294 0 1751 0 237831 0 0 SEAN CALNAN TRUSTEE (AS OF 06/2023) 0 147759 0 0 0 927 0 18782 0 22859 0 190327 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUB-COMMITTEES OUTSIDE OF THE GOVERNING BOARD; THEREFORE, THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE TRUST HAS A PAID PREPARER FOR THE RETURN. THE PREPARED RETURN WILL BE REVIEWED BY MEMBERS OF MASSDEVELOPMENT, WHICH IS THE TRUST'S OPERATING AGENT. FORM 990, PART VI, SECTION B, LINE 12 THE TRUSTEES HELD POSITIONS AS OFFICERS AND DIRECTORS OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY AND THEREFORE WERE SUBJECT TO THE MASSACHUSETTS CONFLICT OF INTEREST LAWS REQUIRING DISCLOSURE OF ANY PERSONAL, IMMEDIATE FAMILY, OR BUSINESS CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BENEFITS REPORTED IN PART VII ARE DETERMINED BY MASSACHUSETTS DEVELOPMENT FINANCE AGENCY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN DOCUMENTS OF THE TRUST ARE AVAILABLE AT THE OFFICES OF THE TRUST AND AT THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL FOR REVIEW BY MEMBERS OF THE PUBLIC. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR WEBSITE. FORM 990, BOX F: ALL TRUSTEES HAVE EQUAL POWER AND ARE EACH CONSIDERED TO HAVE ULTIMATE RESPONSIBILITY FOR IMPLEMENTING THE DECISIONS OF THE ORGANIZATION'S GOVERNING BODY OR FOR SUPERVISING THE MANAGEMENT, ADMINISTRATION, OR OPERATION OF THE ORGANIZATION. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 99 HIGH STREET BOSTON MA 02110 043431814 ECONOMY GROWTH MA 115 N/A 0 CIVIC INVESTMENTS INC 99 HIGH STREET BOSTON MA 02110 043166416 CONDUIT FUND MA 501(C)(3) LINE 12A, I MDFA 0 MASSCARE CAPITAL INC 99 HIGH STREET BOSTON MA 02110 222975198 FOUNDATION TO SUPPORT MASSDEVELOPMENT AND OTHER 501(C)(3)S MA 501(C)(3) MDFA 0 TAUNTON DEVELOPMENTMASSDEVELOPMENT CORPORATION 99 HIGH STREET BOSTON MA 02110 453951613 PROMOTE ECONOMIC DEVELOPMENT MA 501(C)(3) LINE 10 MDFA 0 HOSPITAL HILL DEVELOPMENT LLC 99 HIGH STREET BOSTON MA 02110 043724531 REDEVELOPMENT STATE HOSPITAL MA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0