2024-11-05T15:03:37-06:00 2023-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-01-01 237121174 JUST-A-START CORPORATION JUST 6174940444 430 RINDGE AVENUE 301 CAMBRIDGE MA 02140 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 6174940444 2024-11-04 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-11-04 2023 2024-10-15 13:58:12Z X CARL NAGY-KOECHLIN 430 RINDGE AVENUE 301 CAMBRIDGE MA 02140 15151465 0 X WWW.JUSTASTART.ORG X 1970 MA TO PROMOTE EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY. 18 18 61 100 0 0 8324586 7170194 1920518 4818300 343593 1448876 846638 0 11435335 13437370 5091200 42000 0 0 4281438 5139423 69832 6900 505869 4143562 3572628 13586032 8760951 -2150697 4676419 49969547 69150614 34483461 48676228 15486086 20474386 X TO PROMOTE EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY. 0 0 2539111 4818300 REAL ESTATE DEVELOPMENT - JUST A START HAS DEVELOPED AND CONTINUES TO OWN AND OPERATE 621 AFFORDABLE APARTMENTS THROUGHOUT CAMBRIDGE AND SOMERVILLE, HOUSING APPROXIMATELY 1,500 PEOPLE WHO WOULD OTHERWISE BE UNLIKELY TO BE ABLE TO AFFORD APARTMENTS IN THESE EXPENSIVE AND HIGH-OPPORTUNITY CITIES. WE HAVE AN ADDITIONAL 250 NEW AFFORDABLE APARTMENTS IN OUR DEVELOPMENT PIPELINE, WHICH WE EXPECT TO DEVELOP IN THE COMING 4-5 YEARS. TO MAKE FIRST-TIME HOMEOWNERSHIP A REALITY FOR HOUSEHOLDS WITH MODERATE INCOMES, JUST A START HAS ALSO DEVELOPED 130 HOMEOWNERSHIP UNITS. WE ALSO MANAGE THE PRESERVATION, REHAB AND RESALE OF AFFORDABLE UNITS TO ENSURE FUTURE ACCESS TO AFFORDABLE CONDOMINIUMS IN CAMBRIDGE FOR RESIDENTS WITH MODERATE INCOMES. 2574324 EDUCATION AND TRAINING - JUST A START'S EDUCATION AND TRAINING PROGRAMS PROVIDE TUITION-FREE PATHWAYS TO CAREERS IN THE REGION'S GROWING EMPLOYMENT SECTORS. OUR ADULT TRAINING PROGRAM, CAREER CONNECT, IS AN INTENSIVE, NINE-MONTH EDUCATION AND TRAINING PROGRAM FOR ADULTS WITH LOW INCOMES TO DEVELOP THE KNOWLEDGE AND CRITICAL PROBLEM-SOLVING SKILLS NEEDED TO ENTER FAMILY-SUSTAINING AND FULFILLING CAREERS IN THE GROWING BIOMEDICAL AND INFORMATION TECHNOLOGY (IT) FIELDS. APPROXIMATELY 85% OF GRADUATES OF THE PROGRAM GAIN EMPLOYMENT WITHIN 6-12 MONTHS OF GRADUATION AND INCREASE THEIR ANNUAL INCOME BY AN AVERAGE OF $20,000. ANOTHER PILLAR OF JUST A START'S EDUCATION AND TRAINING PROGRAMS IS YOUTHBUILD, WHICH ANNUALLY PROVIDES COMPREHENSIVE YOUTH DEVELOPMENT SERVICES TO APPROXIMATELY 64 OUT-OF-SCHOOL YOUTH BETWEEN THE AGES OF 16 AND 24. STUDENTS RECEIVE EDUCATION AND TRAINING THAT LEADS TO A HIGH SCHOOL CREDENTIAL, CONSTRUCTION OR RETAIL INDUSTRY CREDENTIALS, CAREER EXPLORATION, AND EMPLOYMENT. 1711501 42000 HOUSING RESOURCES AND SERVICES - JUST A START PROVIDES HOUSING RESOURCES AND SERVICES TO ITS 1,500 RESIDENTS AND APPROXIMATELY 1,000 COMMUNITY MEMBERS EACH YEAR. THROUGH FINANCIAL ASSISTANCE, MEDIATION, AND FOLLOW-UP SERVICES, OUR HOUSING STABILIZATION PROGRAM ALLOWS FAMILIES THREATENED WITH HOMELESSNESS TO REMAIN IN THEIR HOMES OR HELPS THEM FIND NEW AFFORDABLE HOUSING. OUR ECONOMIC MOBILITY PROGRAMS PROVIDE FINANCIAL EDUCATION, ONE-ON-ONE COACHING, AND FREE TAX SERVICES TO PEOPLE WITH LOW INCOMES SEEKING TO IMPROVE THEIR FINANCIAL STATUS AND PROSPECTS. 6824936 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 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 1 1 1 0 0 0 1 199 0 1 61 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CARL NAGY-KOECHLIN 6174940444 1035 CAMBRIDGE STREET CAMBRIDGE MA 02141 JUNARDY JEAN-CHARLES CHAIR 5.00 X X 0 0 0 ZOE WEINROBE VICE CHAIR 5.00 X X 0 0 0 SAMUEL GEBRU CLERK 4.00 1.00 X X 0 0 0 MICHAEL R KUHN TREASURER 4.00 1.00 X X 0 0 0 HIWOT BEHABTU DIRECTOR 5.00 X 0 0 0 MAX CLERMONT DIRECTOR 5.00 X 0 0 0 TARA DENDY DIRECTOR 5.00 X 0 0 0 JACK DONAHUE DIRECTOR 5.00 X 0 0 0 LISA DRAPKIN DIRECTOR 5.00 1.00 X 0 0 0 CARLOS ESPINOSA-TORO DIRECTOR 5.00 X 0 0 0 SHAWN FITZPATRICK DIRECTOR 5.00 X 0 0 0 RICHARD HARDING DIRECTOR 5.00 X 0 0 0 DONNA LEWIS DIRECTOR 5.00 X 0 0 0 JOEL MIRANDA DIRECTOR 5.00 X 0 0 0 PETER MUNKENBECK DIRECTOR 4.00 1.00 X 0 0 0 JEFFREY MYERS DIRECTOR 5.00 X 0 0 0 RJ PANZO DIRECTOR 5.00 X 0 0 0 SUSAN STOCKARD DIRECTOR 5.00 X 0 0 0 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 37.50 1.00 X 172710 0 37555 ROBERT BRAININ DIRECTOR OF FINANCE & ADMI 37.50 X 136161 0 30888 NOAH SAWYER DIRECTOR OF REAL ESTATE 37.50 X 152736 0 7660 CARMEN CHAN DIRECTOR OF DEVELOPMENT 37.50 X 123092 0 15247 GERRY ZIPSER DIRECTOR OF HOUSING 37.50 X 124913 0 5145 MIRIAM ORTIZ DIRECTOR OF EDUCATION & T 37.50 X 125419 0 5145 VANDANA SAREEN SR. REAL ESTATE DEVELOPMEN 37.50 X 107351 0 16697 942382 0 118337 7 0 1 0 KTM EXTERIORS & RECYCLING LLC 10 HAZEL DRIVE HAMPSTEAD NH 03841 CONSTRUCTION CONSULTANT 114716 CLIFTON LARSON ALLEN LLP 131 HARTWELL AVE LEXINGTON MA 02421 FINANCIAL CONSULTANTS 113564 2 16667 504976 2971032 3677519 7170194 DEVELOPMENT FEES 561700 4096787 4096787 MANAGEMENT AND SERVICE 561700 657040 657040 RENTAL INCOME 531110 64473 64473 4818300 366737 366737 1201864 1594370 1080482 633613 121382 960757 1082139 1082139 13437370 4818300 0 1448876 42000 42000 377314 272291 78939 26084 3962117 2860069 805105 296943 110032 79306 26007 4719 357479 257656 84492 15331 332481 268247 39203 25031 2563 2563 10709 10709 136761 136761 6900 6900 33265 33265 524305 435228 48290 40787 447560 316547 104291 26722 1619780 1574072 45295 413 90218 89779 439 48964 46773 2071 120 PROGRAM AND CLIENT EXPE 443874 386354 57520 214629 183342 25988 5299 8760951 6824936 1430146 505869 2264353 485792 3715216 5251162 2009130 1891493 1588683 8202818 219016 208832 2094204 1245222 584655 848982 4629966 5149808 12982628 13189107 12797791 21975900 21124829 49969547 69150614 1848624 3117078 29063725 28157337 3571112 17401813 34483461 48676228 X 11700756 14979111 3785330 5495275 15486086 20474386 49969547 69150614 4676419 311881 0 X 0 1 X 1 1 1 X 3311263 3499050 5418383 8324586 7170194 27723476 3311263 3499050 5418383 8324586 7170194 27723476 477172 27246304 137028 101761 134491 263417 366737 1003434 422376 59611 34833 846638 1363458 30090368 15141137 0.90550 0.90840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300573 300573 1487302 1118199 369103 306329 127023 179306 848982 NOTES RECEIVABLE 13189107 F 13189107 PROJECTS UNDER DEVELOPMENT 19940251 RESTRICTED DEPOSITS - HOME IMPROVEMENT PROGRAM FUNDS 1184578 21124829 CONTRACTUAL ADVANCES 3813222 RIGHT OF USE LIABILITY 13588591 17401813 X PART X, LINE 2: GENERALLY, THE COMPANY'S INFORMATION OR TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. 0 BRIDGES HOMEWARD INC 60 GORE STREET CAMBRIDGE MA 02141 042104057 501(C)(3) 8400 0 GENERAL SUPPORT CAMBRIDGE HEALTH ALLIANCE 350 MAIN STREET MALDEN MA 02148 043320571 501(C)(3) 8400 0 GENERAL SUPPORT CAMBRIDGE HOUSING AUTHORITY 362 GREEN ST 3RD FLOOR CAMBRIDGE MA 02139 046002081 501(C)(3) 8400 0 GENERAL SUPPORT COMMUNITY ACTION AGENCY OF SOMERVILLE INC 66-70 UNION SQ STE 104 SOMERVILLE MA 02143 042740838 501(C)(3) 8400 0 GENERAL SUPPORT INSTITUTE FOR HEALTH AND RECOVERY INC 75 NORTH BEACON STREET FLOOR 2 WATERTOWN MA 02472 043086647 501(C)(3) 8400 0 GENERAL SUPPORT 5 X X 0 0 0 0 0 0 0 0 0 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 172710 0 0 0 0 0 5471 0 32084 0 210265 0 0 0 ROBERT BRAININ DIRECTOR OF FINANCE & ADMI 136161 0 0 0 0 0 2161 0 28727 0 167049 0 0 0 NOAH SAWYER DIRECTOR OF REAL ESTATE 152736 0 0 0 0 0 4593 0 3067 0 160396 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. PRIOR TO SUBMISSION, THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS ARE REQUIRED TO SUPPLY A SIGNED CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE KEPT ON FILE AT THE OFFICES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZED THE SERVICES OF AN INDEPENDENT EXECUTIVE SEARCH FIRM WHO CONDUCTED AN ASSESSMENT OF COMPARABLE SALARIES FOR AGENCIES OF SIMILAR SIZE AND COMPLEXITY. THE COMPENSATION POLICY REQUIRES PERIODIC REVIEW OF ESTABLISHED SALARY RANGES FOR ALL POSITIONS. SALARIES ARE DETERMINED FROM A SET OF RANGES, WHICH ARE BASED ON DATA ACQUIRED BY THE INDEPENDENT SEARCH FIRM. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON WRITTEN REQUEST. ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) BANCROFT DIXWELL MANAGER LLC C/O URBAN HOUSING CORPORATION (THE TAXPAYER) EIN #61-1931217 1542 COLUMBUS AVENUE ROXBURY, MA 02119 THE TAXPAYER, A TAX EXEMPT CONTROLLED ENTITY, HEREBY ELECTS UNDER SECTION 168 (H)(6)(F)(II) TO NOT BE TREATED AS A TAX EXEMPT ENTITY UNDER PARAGRAPHS 5 AND 6 OF SECTION 168(H). THE TAXPAYER HOLDS 0.01% OWNERSHIP INTEREST IN BANCROFT DIXWELL LLC (EIN 84-1738835), WHICH IS TREATED AS A PARTNERSHIP FOR TAX PURPOSES. URBAN EDGE HOUSING CORPORATION (EIN: 22-2483475) IS A TAX EXEMPT ENTITY THAT HOLDS 100% OF THE STOCKHOLDER INTEREST IN THE TAXPAYER. THIS ELECTION APPLIES TO ALL THE TAXPAYER'S PROPERTY, AND APPLIES TO THE TAXABLE YEAR THAT THE TAXPAYER'S PROPERTY IS PLACED IN SERVICE AND ALL SUBSEQUENT YEARS. 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