2025-10-17T11:07:30-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-01-01 830382839 NEXT STEPS HOUSING CORPORATION NEXT 6174940444 430 RINDGE AVENUE 301 CAMBRIDGE MA 02140 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 6174940444 2025-10-17 1 1 JOLANTA TUCK P01340068 7813803520 2025-10-08 2024 2025-03-06 01:10:19Z CARL NAGY-KOECHLIN 430 RINDGE AVENUE 301 CAMBRIDGE MA 02140 486200 0 X N/A X 2003 MA TO CONSTRUCT AND MANAGE MULTI-FAMILY, LOW-INCOME, AND TRANSITIONAL HOUSING DEVELOPMENT. 4 3 0 3 0 0 133498 439900 16223 12670 1709 -252773 23 31973 151453 231770 0 0 0 0 0 0 0 0 0 166587 249171 166587 249171 -15134 -17401 1232177 913337 1154869 853430 77308 59907 TO CONSTRUCT, MANAGE, OPERATE, MAINTAIN AND DEAL IN ALL RESPECTS WITH THE MULTI-FAMILY, LOW-INCOME AND TRANSITIONAL HOUSING DEVELOPMENT KNOWN AS NEXT STEPS TRANSITIONAL, AN AFFORDABLE HOUSING DEVELOPMENT. 0 0 245981 44643 TO CONSTRUCT, MANAGE, OPERATE, AND MAINTAIN AND DEAL IN ALL RESPECTS WITH THE MULTI-FAMILY, LOW-INCOME AND TRANSITIONAL HOUSING DEVELOPMENT KNOWN AS NEXT STEP TRANSITIONAL, AN AFFORDABLE HOUSING DEVELOPMENT. CREATION AND OPERATION OF AFFORDABLE TRANSITIONAL AND PERMANENT RENTAL HOUSING. 245981 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 0 MA X CARL NAGY-KOECHLIN 6174940444 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 1.00 36.50 X X 0 178596 27139 LISA DRAPKIN CLERK 1.00 4.00 X X 0 0 0 MICHAEL KUHN TREASURER 1.00 4.00 X X 0 0 0 PETER MUNKENBECK PRESIDENT 1.00 4.00 X X 0 0 0 0 178596 27139 0 0 1 0 0 254430 185470 254430 439900 RENTAL INCOME 532000 12670 12670 12670 1657 1657 254430 -254430 -254430 -254430 31973 31973 31973 231770 44643 0 -252773 X 10952 10952 299 135 164 27125 26856 269 4781 3093 1688 117527 116668 859 83767 83692 75 BAD DEBTS 3378 3378 1342 1207 135 249171 245981 3190 0 14175 24133 9413 8110 2582 2547 1573091 781134 872899 791957 333108 86590 1232177 913337 48722 24975 3523 3263 811522 781240 291102 43952 1154869 853430 X 77308 59907 77308 59907 1232177 913337 -17401 0 X 0 1 X 1 0 X 111165 76825 133498 439900 761388 118104 21174 25708 16223 12670 193879 118104 132339 102533 149721 452570 955267 0 0 0 955267 449 2038 416 1709 1657 6269 449 2038 416 1709 1657 6269 23 31973 31996 118553 134377 102949 151453 486200 993532 0.96150 0.99220 0.00630 0.00780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 24999 24999 1493894 751690 742204 54198 29444 24754 791957 PROPERTY UNDER DEVELOPMENT 42452 RESTRICTED DEPOSITS 44138 86590 DUE TO AFFILIATES 43952 43952 X PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS REPORTED ON FORM 990, PART X LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 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 2021 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 0 178596 0 0 0 0 0 5624 0 21515 0 205735 0 0 SCHEDULE J, PART I, LINE 3 THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION. THAT ORGANIZATION USED THE FOLLOWING TO ESTABLISH THEIR COMPENSATION: - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD X DEBT FORGIVEN 1 254430 CASH VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 RENTAL ACTIVITY MANAGED BY RENTAL MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED 990 IS PROVIDED TO CLERK, WHO REVIEWS ALL ENTRIES AND ADVISES PREPARER OF ANY INNACCURACIES OR CHANGES NEEDED BEFORE FILING. THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZED THE SERVICES OF AN INDEPENDENT EXECUITVE 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 UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 26,856. MANAGEMENT AND GENERAL EXPENSES 269. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,125. BROADWAY PARK APARTMENTS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 822958604 AFFORDABLE HOUSING MA 0 43952 NEXT STEP HOUSING CORPORATION JUST-A-START CORPORATION 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 237121174 COMMUNITY DEVELOPMENT AGENCY MA 501(C)(3) LINE 7 N/A 0 RINDGE COMMONS NORTH SUPPORT CORPORATION 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 871470155 AFFORDABLE HOUSING MA 501(C)(3) LINE 12C, III-FI N/A 0 CLOSE BUILDING ASSOCIATES LIMITED PARTNERSHIP 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 042590599 AFFORDABLE HOUSING MA N/A 0 0 ELM PLACEJAS LIMITED PARTNERSHIP 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 272324792 AFFORDABLE HOUSING MA N/A 0 0 BISHOP ALLEN APARTMENTS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 352457139 AFFORDABLE HOUSING MA N/A 0 0 RINDGE TOWER APARTMENTS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 473736323 AFFORDABLE HOUSING MA N/A 0 0 JAS CONSOLIDATED PROPERTIES LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 611812245 AFFORDABLE HOUSING MA N/A 0 0 THE CLOSE BUILDING LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 354055837 AFFORDABLE HOUSING MA N/A 0 0 SQUIRRELWOOD LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 301005499 AFFORDABLE HOUSING MA N/A 0 0 RINDGE TOWER APARTMENTS JAS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 474149436 AFFORDABLE HOUSING MA N/A 0 0 RINDGE COMMONS NORTH 4 LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 874629413 AFFORDABLE HOUSING MA N/A 0 0 52 NEW STREET OWNER MM LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 922965804 AFFORDABLE HOUSING MA N/A 0 0 JASCDC INC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 042943680 GENERAL PARTNER ENTITY MA N/A C 0 ELM PLACEJAS INC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 272324640 GENERAL PARTNER ENTITY MA N/A C 0 BISHOP ALLEN JAS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 461138830 MANAGING MEMBER ENTITY MA N/A C 0 JAS CONSOLIDATED MM LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 814924728 MANAGING MEMBER ENTITY MA N/A C 0 RINDGE COMMONS NORTH 4 JAS LLC 430 RINDGE AVENUE SUITE 301 CAMBRIDGE MA 02140 874586061 MANAGING MEMBER ENTITY MA N/A C 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0