2024-10-29T15:00:44-05:00 2024-06-30 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2023-07-01 823824558 FAMILY NURTURING SUPPORT CORPORATION FAMI 6174741143 200 BOWDOIN STREET DORCHESTER MA 02122 TARAN T GRIGSBY PRESIDENT 6174741143 2024-10-29 1 0 SANDRA M BROWN CPA P01614103 5088717178 2024-10-29 2023 2024-10-15 13:58:12Z TARAN T GRIGSBY 200 BOWDOIN STREET DORCHESTER MA 02122 137000 0 X N/A X 2017 MA TO OWN AND LEASE REAL ESTATE TO FAMILY NURTURING CENTER OF MASSACHUSETTS, INC. 5 5 0 0 0 0 0 0 137500 137000 0 0 0 0 137500 137000 0 0 0 0 0 0 0 0 39580 343302 343594 343302 343594 -205802 -206594 5396496 5223855 5630916 5664869 -234420 -441014 TO SUPPORT FAMILY NURTURING CENTER OF MASSACHUSETTS BY FINANCING AND REDEVELOPING ITS FACILITY AND LEASE IT BACK TO FNC, AND TO SUPPORT FNC IN ANY OTHER ALLOWABLE MANNER. 0 0 270006 0 137000 FNSC WAS CREATED FOR THE SPECIFIC PURPOSE OF REDEVELOPING THE PROPERTY LOCATED AT 200 BOWDOIN STREET IN DORCHESTER, MASSACHUSETTS (THE "PROPERTY") INTO A 12,800 SQUARE FOOT BUILDING (THE "PROJECT") THROUGH A NEW MARKETS TAX CREDIT ("NMTC") FINANCING ARRANGEMENT UNDER SECTION 45D OF THE IRC, AS AMENDED. ON SEPTEMBER 21, 2018, FNC SOLD THE PROPERTY TO FNSC IN CONJUNCTION WITH THE CLOSING OF THE NMTC TRANSACTION. UPON CONSTRUCTION COMPLETION, IN JANUARY 2020 FNC LEASED BACK THE PROPERTY. 270006 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X EMMA TOBIN EXECUTIVE DIRECTOR 6174741143 200 BOWDOIN STREET DORCHESTER MA 02122 X TARAN GRISBY PRESIDENT 1.00 1.00 X X 0 0 0 KARLA WALLACE TREASURER/CLERK 1.00 2.00 X X 0 0 0 WAYNE L WORKMAN DIRECTOR 1.00 0.00 X 0 0 0 SAMUEL B KNIGHT DIRECTOR 1.00 0.00 X 0 0 0 ROBERT L PEABODY DIRECTOR 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531120 137000 137000 137000 137000 137000 0 0 12385 12385 520 520 146282 119439 9335 17508 184407 150567 11768 22072 343594 270006 34008 39580 74732 87186 688 5959828 823159 5321076 5136669 5396496 5223855 12495 12905 5618421 5651964 5630916 5664869 X -234420 -441014 -234420 -441014 5396496 5223855 -206594 0 X 0 1 X 1 0 X X 1 FAMILY NURTURING CENTER OF MASSACHUSETTS INC 311626186 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PAGE 5, SECTION D, 3 FNC HAS A SIGNIFICANT VOICE IN DIRECTING THE CORPORATION'S USE OF INCOME AND ASSETS DUE TO THE FACT THAT TWO OF THE BOARD MEMBERS ARE APPOINTED BY FNC. IN ADDITION, THE CORPORATION'S ORGANIZING DOCUMENTS SPECIFICALLY NAME FNC AS THE ENTITY WHICH IT SUPPORTS. THE CORPORATION'S ORGANIZING DOCUMENTS ALSO REQUIRE THAT FNC BE NOTIFIED AND INVITED TO THE CORPORATION'S ANNUAL MEETING, RECEIVE ANNUAL AUDITED FINANCIAL INFORMATION AND A SUMMARY OF FINANCIAL SUPPORT PROVIDED TO FNC, AND BE MADE AWARE OF ANY CHANGES TO THE ORGANIZING DOCUMENTS OF THE CORPORATION. FNC AND FNSC PREPARE CONSOLIDATED AUDITED FINANCIAL STATEMENTS SCHEDULE A, PAGE 5, SECTION E, 2A SPECIFICALLY, FNSC ENGAGED IN THE FOLLOWING: 1. OWN, DEVELOP, FINANCE, LEASE AND OPERATE CERTAIN REAL ESTATE TO BE LEASED TO FNC BY FNSC; 2. FINANCE THE DEVELOPMENT OF SUCH REAL ESTATE UTILIZING NEW MARKETS TAX CREDITS FINANCING AS FINANCING SOURCE; 3. LEASE SUCH REAL ESTATE TO FNC AT OR BELOW MARKET RENTAL RATES; AND 4. SUPPORT FNC IN GENERAL SCHEDULE A, PAGE 5, SECTION E, 2B THE ACTIVITIES OF FNSC ARE RELATED TO DIRECTLY PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSES OF, FNC, AND THE CORPORATION SHALL CONDUCT ACTIVITIES THAT WOULD OTHERWISE BE CARRIED OUT BY FNC. FNSC'S PRIMARY FUNCTION IS TO OWN OR LEASE, DEVELOP, FINANCE AND OPERATE CERTAIN REAL ESTATE, TO FINANCE THE DEVELOPMENT OF SUCH REAL ESTATE UTILIZING NEW MARKET TAX CREDIT FINANCING AS A FINANCING SOURCE, AND TO LEASE SUCH REAL ESTATE TO FNC AT OR BELOW MARKET RENTAL RATES. 250000 250000 5471766 610986 4860780 238062 212173 25889 5136669 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWED A DRAFT FORM 990. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY AN OFFICER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FAMILY NURTURING CENTER OF MASSACHUSETTS INC 200 BOWDOIN ST DORCHESTER MA 02122 311626186 EARLY CHILDHOOD & NURTURING PROGRAMS, FAMILY SUPPORT & EDUCATION MA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 FAMILY NURTURING CENTER OF MASSACHUSETTS INC J 137000 LEASE/RENTAL AGREEMENT