2024-11-06T15:15:33-06:00 2023-12-31 161451346 FLAHERTY SALMIN LLP 2300 BUFFALO RD BLDG 200 ROCHESTER NY 14624 990 2023-01-01 046190467 HOME CITY DEVELOPMENT INC HOME 4137855312 261 OAK GROVE AVENUE SPRINGFIELD MA 01109 THOMAS KEGELMAN OFFICER 4137855312 2024-11-06 1 1 DALE ROWLAND CPA P00648479 5852790120 2024-11-06 2023 2024-10-15 13:58:12Z THOMAS KEGELMAN 261 OAK GROVE AVENUE SPRINGFIELD MA 01109 1135582 0 X WWW.HOMECITYDEVELOPMENT.ORG X 1968 MA 1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES. 10 10 6 25 0 0 1059412 174166 1643149 587470 258204 261872 62499 112074 3023264 1135582 0 0 0 0 508003 766461 0 0 0 1092950 970670 1600953 1737131 1422311 -601549 19443390 23941602 6574590 11418439 12868800 12523163 X 1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES. 0 0 1108247 699544 HOME CITY DEVELOPMENT, INC. AND ITS SUBSIDIARIES WERE FORMED TO PROVIDE AND MAINTAIN HOUSING FOR USE BY FAMILIES AND PERSONS OF LOWER INCOME IN WESTERN MASSACHUSETTS. RENTAL DEVELOPMENT & MANAGEMENT OF LOW INCOME HOUSING IN SPRINGFIELD, MA AREA. 1108247 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 13 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 MA X THOMAS KEGELMAN 4137855312 261 OAK GROVE AVENUE SPRINGFIELD MA 01109 DR ANDREW BALDER DIRECTOR 1.00 X 0 0 0 V VAN JOHNSON ESQ DIRECTOR 1.00 X X 0 0 0 THOMAS MCCOLGAN DIRECTOR 1.00 X 0 0 0 LOLETA COLLINS PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER SUGRUE DIRECTOR 1.00 X 0 0 0 KYLE CALLENDER DIRECTOR 1.00 X 0 0 0 DAVID MAYNARD DIRECTOR 1.00 X 0 0 0 KAREN WALKER DIRECTOR 1.00 X 0 0 0 MALISSA NAYLOR VICE PRESIDENT 1.00 X X 0 0 0 VANESSA OTERO DIRECTOR 1.00 X 0 0 0 BEVERLY BATES TREASURER 1.00 X 0 0 0 BERTRAND DANIEL DIRECTOR 1.00 X 0 0 0 THOMAS KEGELMAN EXECUTIVE DIRECTOR/ CLERK 40.00 X 164777 0 6034 PETER SEAFINO DIRECTOR OF REAL ESTATE 40.00 X 140851 0 4942 RICHARD KINGSTON DIRECTOR 40.00 X 154258 0 0 459886 0 10976 3 1 0 0 0 5000 169166 174166 MANAGEMENT FEE REVENUE 531390 331549 331549 RENTAL INCOME 531390 255921 255921 587470 261872 261872 MISCELLANEOUS INCOME 531390 112074 112074 112074 1135582 699544 0 261872 170811 170811 452166 283962 168204 11466 8511 2955 79016 66969 12047 53002 38691 14311 13171 13171 23659 23659 61625 61625 25258 25258 18609 506 18103 119089 119089 29448 29448 2145 2145 15083 15083 38451 7203 31248 139005 95500 43505 44501 17269 27232 RESIDENT SERVICES COORD 329853 329853 0 MAINTENANCE SUPPLIES 49887 4192 45695 PROPERTY TAXES 29507 25087 4420 TENANT EXPENSES 13793 13793 0 17586 16452 1134 1737131 1108247 628884 0 775753 2200485 1692044 3004789 16948 10662 6034248 786262 5314345 5247986 3062881 1397891 5353900 5523423 3227519 6556366 19443390 23941602 94413 360241 1958 0 6194959 9317910 283260 1740288 6574590 11418439 X 12513833 12335446 354967 187717 12868800 12523163 19443390 23941602 -601549 255912 0 X 0 1 X 1 0 X 330484 185168 228621 1059412 174166 1977851 1027926 541670 1192736 1643149 587470 4992951 1358410 726838 1421357 2702561 761636 6970802 0 0 0 6970802 184406 204895 275436 247647 261872 1174256 184406 204895 275436 247647 261872 1174256 18689 14716 22637 62499 112074 230615 1561505 946449 1719430 3012707 1135582 8375673 0.83230 0.81410 0.14020 0.10170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 926861 926861 5107387 786262 4321125 5247986 INVESTMENT IN LP 50 F INVESTMENT IN REAL ESTATE 8829 F PROGRAM LOANS 5514544 F 5523423 CONSTRUCTION IN PROGRESS 5751223 PREDEVELOPMENT EXPENSE 208927 REPLACEMENT RESERVE 397031 RESIDENT SERVICE RESERVE 187717 SECURITY DEPOSITS 11468 6556366 ACCRUED INTEREST 53044 DEVELOPMENT FEE 1553658 DUE TO AFFILIATE 119004 PREDEVELOPMENT COSTS PAYABLE 3114 SECURITY DEPOSITS 11468 1740288 X 0 0 0 0 0 0 0 0 0 THOMAS KEGELMAN EXECUTIVE DIRECTOR/ CLERK 127651 0 0 0 37126 0 6034 0 0 0 170811 0 0 0 RICHARD KINGSTON DIRECTOR 143146 0 2000 0 9112 0 0 0 0 0 154258 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 HOME CITY DEVELOPMENT BY-LAWS AMENDED WITH THE ADDITION OF THE FOLLOWING PARAGRAPH: SECTION 4. ORGANIZATIONAL DEVELOPMENT COMMITTEE. IF CREATED, THE ORGANIZATIONAL DEVELOPMENT COMMITTEE SHALL MEET TO CONSIDER CERTAIN POLICIES, PROCEDURES, AND ACTIONS NECESSARY FOR THE DEVELOPMENT OF THE ORGANIZATION AND MAKE PERIODIC RECOMMENDATIONS TO THE BOARD AND THE EXECUTIVE DIRECTOR REGARDING WAYS TO IMPROVE THE OVERALL FUNCTIONING OF THE ORGANIZATION AND THE BOARD ITSELF. THESE RECOMMENDATIONS MAY INCLUDE, BUT ARE NOT LIMITED TO (A) ASSISTING THE EXECUTIVE DIRECTOR WITH BOARD AND STAFF RECRUITMENT AND BOARD TRAINING; (B) ASSISTING THE EXECUTIVE DIRECTOR WITH THE CREATION OF A DIVERSITY, EQUITY AND INCLUSION PLAN FOR HCDI AND OVERSEEING ITS IMPLEMENTATION; AND (C) ASSISTING THE EXECUTIVE DIRECTOR IN DEVELOPMENT AND IMPLEMENTATION OF AN EXECUTIVE DIRECTOR SUCCESSION PLAN FORM 990, PART VI, SECTION B, LINE 11B A MEMBER OF THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 AND THEN PRESENT IT WITH HIS/HER RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS TO BE VOTED ON FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMING THE EXECUTIVE DIRECTOR COMPENSTATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 HOME CITY DEVELOPMENT, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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