2024-11-15T10:03:53-08:00 2023-12-31 043068663 BERNARD JOHNSON & COMPANY PC 15 MAIN STREET TOPSFIELD MA 01983 990 2023-01-01 042755270 EBCDC INC EBCD 6175695590 80 BORDER STREET 3RD FLOOR EAST BOSTON MA 02128 SALVATORE COLOMBO PRESIDENT 6175695590 2024-05-03 true true Julie A Couto CPA P00957645 9788872220 2024-11-15 2023 2024-10-15 13:58:12Z SALVATORE COLOMBO 80 BORDER STREET East Boston MA 02128 7004340 false X www.ebcdc.com X 1979 MA To assist the creation of affordable housing and economic development that benefits the residents of East Boston. 21 19 71 0 0 0 900000 1020406 4071978 3670814 22759 2101743 0 0 4994737 6792963 0 0 4338621 5769693 0 0 623680 703936 4962301 6473629 32436 319334 63496599 63331704 36693343 36209114 26803256 27122590 To assist the creation of affordable housing and economic development that benefits the residents of East Boston. false false 4633269 0 5077437 Assisted entities in East Boston in developing different projects to increase the stock of low and medium income affordable housing available to the residents of East Boston. 4633269 true true false false false false false false false false true false true true true false false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 27 0 71 true false false false false false false false false false false X 21 19 false false false false true true false true true false false true true false false false true false false true true MA X X EBCDC INC 6175695590 80 BORDER ST 3RD FLOOR EAST BOSTON MA 02128 SALVATORE COLOMBO PRESIDENT 28.00 X X 297436 0 18340 NICOLE BECKLES DIRECTOR 1.00 X 0 0 0 RUTH CAPONE SECRETARY/CLERK 1.00 X X 0 0 0 BLANCA AYALA TREASURER 1.00 X X 0 0 0 FRIDA SANCHEZ DIRECTOR 1.00 X 0 0 0 THOMAS BRIAND DIRECTOR 1.00 X 0 0 0 PASQUALE CORDISCO DIRECTOR 1.00 X 0 0 0 FRANCIS BIAGIOTTI DIRECTOR 1.00 X 0 0 0 HERIBERTO MORALES VICE CHAIRMAN 1.00 X X 0 0 0 KEMPTON FLEMMING CHAIR PERSON 1.00 X X 0 0 0 ELIZABETH GARUFO DIRECTOR 1.00 X 0 0 0 ANNIERATHA SAING DIRECTOR 1.00 X 0 0 0 DONALD COVERDALE DIRECTOR 1.00 X 0 0 0 JOHN MAFFEO DIRECTOR 1.00 X 0 0 0 GLORIA RUIZ-AMAYA DIRECTOR 1.00 X 0 0 0 KATHLEEN ORLANDO DIRECTOR 1.00 X 0 0 0 ANTHONY PICARELLO DIRECTOR 1.00 X 0 0 0 RITA INGERSOLL ASST. TREASURER 1.00 X X 0 0 0 JOHN MIGLIOZZI DIRECTOR 1.00 X 0 0 0 ALBERT CALDARELLI FORMER PRESIDENT 28.00 X 301878 0 17951 ALBERT FESTA CHIEF OPERATING OFFICER 28.00 X 281565 0 16382 CYNTHIA FRONDUTO CHIEF FINANCIAL OFFICER 35.00 X 217889 0 26711 TANYA HAHNEL DIRECTOR OF REAL ESTATE 35.00 X 132741 0 13845 1231509 0 93229 5 false true false 1000000 20406 1020406 DEVELOPER FEES 531390 299363 0 0 MANAGEMENT FEES 531310 814595 0 0 SALARY REIMBURSEMENTS 531110 2675024 0 0 NET RENTAL INCOME 531110 -126347 0 0 PROJECT MONITORING 531110 8179 0 0 3670814 685168 0 685168 9952 1618000 211377 9952 1406623 1416575 1406623 0 9952 6792963 5077437 0 695120 1235078 818357 416721 0 3619271 2846676 772595 0 125867 95030 30837 0 476782 359485 117297 0 312695 236085 76610 0 38226 38226 0 0 60173 0 60173 0 14651 4893 9758 0 24368 531 23837 0 124228 0 124228 0 62868 31050 31818 0 23235 23235 0 0 31260 4001 27259 0 175 175 0 0 8129 0 8129 0 92848 31011 61837 0 Consulting Fees 114420 114420 0 0 Postage 9286 3102 6184 0 Supplies-Office 35896 11989 23907 0 Equipment rental and maintenance 18944 0 18944 0 45229 15003 30226 0 6473629 4633269 1840360 0 231643 205695 1993668 1355518 1275861 1204831 30507258 31437661 100992 55019 27315858 5131963 21939129 22183895 3366987 2839842 4081061 4049243 63496599 63331704 1394131 2095947 13445 2398 20471482 19300784 8059605 8059605 6754680 6750380 36693343 36209114 X 26803256 26122590 1000000 26803256 27122590 63496599 63331704 X 319334 X false true X true false X 0 0 10500 0 560900 900000 1020406 2491806 3876778 2640255 2684210 3537500 2792989 15531732 0 0 3887278 2640255 3245110 4437500 3813395 18023538 0 0 0 18023538 463459 464754 452221 479849 685168 2545451 463459 464754 452221 479849 685168 2545451 1911901 2096215 2131376 2252596 2675024 11067112 31636101 0.56970 0.57980 0.08050 0.07650 X Pt III Ln 12 Other Income Part III, Line 12 Description: Salary Reimbursements 2019: 1911901. 2020: 2096215. 2021: 2131376. 2022: 2252596. 2023: 2675024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7912095 7912095 17374355 4929316 12445039 388294 202647 185647 1641114 1641114 22183895 INVESTMENT IN BARNES SCHOOL APARTMENTS 4484 C INVESTMENT IN GREENWAY APTS LLC 115628 C INVESTMENT IN DALRYMPLE SCHOOL LP -3503 C INVESTMENT IN NORTHBROOK SENIOR MANAGER LLC 21 C INVESTMENT IN CONDOR HARVE 100 C Investment in Lyman LLC 100 C INVESTMENT IN 41N Senior Appt. 100 C INVESTMENT IN 41N MARGIN 79 C INVESTMENT IN TRINITY BORDER ST 25 C INVESTMENT IN COPPERSMITH VILLAGE LLC 21 C INVESTMENT IN PARIS VILLAGE 79 C INVESTMENT IN LYNN MARSHALL 1965 C INVESTMENT IN SHAWSHEEN RD -1214 C INVESTMENT Maverick Landing 1158157 C INVESTMENT EBNT Holdings 1400000 C Trinity Carlton, LLC 144228 C INVESTMENT 280 MERIDIAN 19572 C 2839842 UPFRONT LEASE COSTS, NET 3049243 DEFERRED DEVELOPMENT FEE 1000000 4049243 SECURITY DEPOSITS 79080 NOTES PAYABLE TO RELATED PARTIES 6671300 6750380 8590162 1797199 1797199 6792963 6792963 8270828 1797199 1797199 6473629 6473629 Pt XI, Line 2d DIRECT RENTAL EXPENSES Pt XII, Line 2d DIRECT RENTAL EXPENSES false false false false false false false false false SALVATORE COLOMBO 196536 0 100900 0 0 0 11897 0 6443 0 315776 0 0 0 ALBERT CALDARELLI 224992 0 76886 0 0 0 12075 0 5876 0 319829 0 0 0 ALBERT FESTA 196536 0 85029 0 0 0 11263 0 5119 0 297947 0 0 0 CYNTHIA FRONDUTO 157257 0 60632 0 0 0 8716 0 17995 0 244600 0 0 0 Pt VI, Line 6 Members are residents of East Boston Massachusetts who register as members with the Organization. Pt VI, Line 7a Members elect the Board of Directors of the Organization. Pt VI, Line 11b The Form 990 is reviewed by the Executive Director, Financial Director and available for review by the Board of Directors prior to filing. Pt VI, Line 19 The financial statements are available for review on the Massachusetts Attorney Generals Charitable Division website. Governing policies and financial statements are available upon request. Pt XI Other changes in net assets represents limited partner distributions as a result of the sale of real estate to a related party. Condor Harve LLC 80 Border Street 3rd Floor Boston MA 02128 454381899 Low Income Housing MA 213270 1914398 EBCDC INC EB AOP LLC 80 Border Street 3rd Floor Boston MA 02128 Low income Housing MA 945866 11670216 EBCDC INC LEWIS MALL APARTMENTS 80 Border Street 3rd Floor BOSTON MA 02128 223240371 LOW INCOME ELDERLY HOUSING MA 3 10 EBCDC INC false EBECC LIBRARY INC 80 Border Street 3rd Floor EAST BOSTON MA 02128 831121911 NON-PROFIT COMMUNITY RENTAL MA 3 12a EBCDC INC false Cheverus School Apartments Inc 80 Border Street 3rd Floor East Boston MA 02128 043292605 LOW INCOME ELDERLY HOUSING MA 3 10 EBCDC INC false Villa Michelangelo Inc 80 Border Street 3rd Floor East Boston MA 02128 311587460 LOW INCOME ELDERLY HOUSING MA 3 10 EBCDC INC false EBCDC DALRYMPLE SCHOOL LLC 80 BORDER STREET EAST BOSTON MA 02128 460972799 LOW INCOME HOUSING MA EBCDC INC N/A -432 false 0.98000 PARIS VILLAGE LLC 80 BORDER STREET EAST BOSTON MA 02128 812713957 LOW INCOME HOUSING MA EBCDC INC N/A -45 false 0.79000 BARNES SCHOOL LP 80 BORDER STREET EAST BOSTON MA 02128 200660119 LOW INCOME HOUSING MA EBCDC INC N/A -94 true 0.00010 GREENWAY APARTMENTS LLC 80 BORDER STREET EAST BOSTON MA 02128 270933802 LOW INCOME HOUSING MA EBCDC INC N/A -37 true 0.00010 GRACE APARTMENTS LLC 80 BORDER STREET EAST BOSTON MA 02128 833857551 LOW INCOME HOUSING MA EBCDC INC N/A 0 true 0.00010 LYMAN SCHOOL LP 80 BORDER STREET EAST BOSTON MA 02128 471713960 LOW INCOME HOUSING MA EBCDC INC N/A 9 true 0.00010 DALRYMPLE SCHOOL APARTMENTS LP 80 BORDER STREET EAST BOSTON MA 02128 460965747 LOW INCOME HOUSING MA EBCDC INC N/A -27 true 0.00010 LANDFALL COMMUNITY ASSOCIATES II LLC 80 BORDER STREET EAST BOSTON MA 02128 822421356 LOW INCOME HOUSING MA EBCDC INC N/A -71 true 0.00010 41 N MARGIN SENIOR APARTMENTS LLC 80 BORDER STREET EAST BOSTON MA 02128 841975135 LOW INCOME HOUSING MA EBCDC INC N/A -39 true 0.00010 Landfall Community Associates II Manager 80 BORDER STREET East Boston MA 02128 823815727 Low income housing MA EBCDC INC C 0.79000 Barnes School Apartments Inc 80 BORDER STREET East Boston MA 02128 550821971 Low income housing MA EBCDC INC C 1.00000 EBCDC GREENWAY MANAGER INC 80 BORDER STREET EAST BOSTON MA 02128 274111327 Low income housing MA EBCDC INC C 1.00000 LYMAN SCHOOL LLC 80 BORDER STREET EAST BOSTON MA 02128 471800433 Low income housing MA EBCDC INC C 1.00000 PARIS VILLAGE MANAGER LLC 80 BORDER STREET EAST BOSTON MA 02128 822224359 Low income housing MA EBCDC INC C 0.79000 GRACE APARTMENTS MANAGER LLC 80 BORDER STREET EAST BOSTON MA 02128 851314628 LOW INCOME HOUSING MA EBCDC INC C 0.79000 41 N MARGIN MANAGER LLC 80 BORDER STREET EAST BOSTON MA 02128 841987540 LOW INCOME HOUSING MA EBCDC INC C 0.79000 false false false true false false false false false false true true false false true false false false false Lewis Mall Apartments Inc l 39948 FMV Lewis Mall Apartments Inc o 128212 FMV EBECC Library Inc d 1218682 FMV Landfall Community Associates II k 31050 FMV Dalrymple School Apartments d 5842600 FMV Cheverus School Apartments Inc l 54210 FMV Cheverus School Apartments Inc o 180558 FMV Villa Michelangelo Inc l 54755 FMV Villa Michelangelo Inc o 218557 FMV