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        <ExplanationTxt>COL (A), LINE (4): JOSEPH PURCELL OFFICER OF 11 CROWN STREET ASSOCIATES, LPCOL (B), LINE (4): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (4): LOAN TO DO SITE AND INFRASTRUCTURE WORK FOR ANAFFORADABLE HOUSING DEVELOPMENT IN MERIDEN, CTCOL (D), LINE (4): LOAN FROM THE ORGANIZATIONCOL (E), LINE (4): $500,000COL (F), LINE (4): $500,000DURING THE YEARS ENDED MARCH 31, 2021 AND 2020, THE ORGANIZATION MADE LOANS TO 11 CROWN STREET ASSOCIATES, LP OF APPROXIMATELY $368,000 AND $132,000, RESPECTIVELY, TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORDABLE HOUSING DEVELOPMENT IN MERIDEN, CT. THE LOAN BEARS INTEREST AT 5% AND IS DUE IN JANUARY 2059. AT BOTH MARCH 31, 2024 AND 2023, $500,000 WAS DUE FROM 11 CROWN STREET ASSOCIATES, LP. INTEREST INCOME ON THE NOTE FOR THE YEARS ENDED MARCH 31, 2024 AND 2023 WAS $29,000 AND $28,000, RESPECTIVELY, INTEREST RECEIVABLE WAS APPROXIMATELY $120,000 AND $91,000, RESPECTIVELY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (4): JOHN J. O'DONNELL OFFICER OF 11 CROWN STREET ASSOCIATES LPCOL (B), LINE (4): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (4): LOAN TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORADABLE HOUSING DEVELOPMENT IN MERIDEN, CTCOL (D), LINE (4): LOAN FROM THE ORGANIZATIONCOL (E), LINE (4): $500,000COL (F), LINE (4): $500,000DURING THE YEARS ENDED MARCH 31, 2021 AND 2020, THE ORGANIZATION MADE LOANS TO 11 CROWN STREET ASSOCIATES, LP OF APPROXIMATELY $368,000 AND $132,000, RESPECTIVELY, TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORDABLE HOUSING DEVELOPMENT IN MERIDEN, CT. THE LOAN BEARS INTEREST AT 5% AND IS DUE IN JANUARY 2059. AT BOTH MARCH 31, 2024 AND 2023, $500,000 WAS DUE FROM 11 CROWN STREET ASSOCIATES, LP. INTEREST INCOME ON THE NOTE FOR THE YEARS ENDED MARCH 31, 2024 AND 2023 WAS $29,000 AND $28,000, RESPECTIVELY, INTEREST RECEIVABLE WAS APPROXIMATELY $120,000 AND $91,000, RESPECTIVELY</ExplanationTxt>
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        <ExplanationTxt>COL (A), LINE (2): JOSEPH PURCELL OFFICER OF SPRINGWOOD AVENUE ASSOCIATES LPCOL (B), LINE (2): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (2): LOAN TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORADABLE HOUSING DEVELOPMENT IN ASBURY PARK, NJCOL (D), LINE (2): LOAN FROM THE ORGANIZATIONCOL (E), LINE (2): $533,605COL (F), LINE (2): $533,605THE ORGANIZATION MADE LOANS TO A RELATED PARTY, SPRINGWOOD AVENUE ASSOCIATES, LP, OF $533,605 TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORDABLE HOUSING DEVELOPMENT IN ASBURY PARK. THE LOAN BEAR NO INTEREST AND ARE DUE IN JANUARY 2038.</ExplanationTxt>
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        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (2): JOHN J. O'DONNELL OFFICER OF SPRINGWOOD AVENUE ASSOCIATES LPCOL (B), LINE (2): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (2): LOAN TO DO SITE AND INFRASTRUCTURE WORK FOR ANAFFORADABLE HOUSING DEVELOPMENT IN ASBURY PARK, NJCOL (D), LINE (2): LOAN FROM THE ORGANIZATIONCOL (E), LINE (2): $533,605COL (F), LINE (2): $533,605THE ORGANIZATION MADE LOANS TO A RELATED PARTY, SPRINGWOOD AVENUE ASSOCIATES, LP, OF $533,605 TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORDABLE HOUSING DEVELOPMENT IN ASBURY PARK. THE LOAN BEAR NO INTEREST AND ARE DUE IN JANUARY 2038.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 5:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (5): JOSEPH PURCELL OFFICER OF THE SUBSIDY TO SPRINGWOOD AVENUE ASSOCIATES, LPCOL (B), LINE (5): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (5): LOAN TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORADABLE HOUSING DEVELOPMENT IN THE CITY OF ASBURY PARK, NJCOL (D), LINE (5): LOAN FROM THE ORGANIZATIONCOL (E), LINE (5): $1,024,000COL (F), LINE (5): $1,024,000THE ORGANIZATION RECEIVED A SUBSIDY FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN THE CITY OF ASBURY PARK, NJ. THE ORGANIZATION LOANED THE SUBSIDY TO SPRINGWOOD AVENUE ASSOCIATES, LP TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORDABLE HOUSING DEVELOPMENT. THE AMOUNT OF THE NOTE RECEIVABLE IS $1,024,000 AND BEARS NO INTEREST. THE NOTE IS PAYABLE IN SEPTEMBER 2063.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 6:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (6): JOHN J. O'DONNELL OFFICER OF SPRINGWOOD AVENUE ASSOCIATES LPCOL (B), LINE (6): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (6): LOAN TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORADABLE HOUSING DEVELOPMENT IN THE CITY OF ASBURY PARK, NJCOL (D), LINE (6): LOAN FROM THE ORGANIZATIONCOL (E), LINE (6): $1,024,000COL (F), LINE (6): $1,024,000THE ORGANIZATION RECEIVED A SUBSIDY FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN THE CITY OF ASBURY PARK, NJ. THE ORGANIZATION LOANED THE SUBSIDY TO SPRINGWOOD AVENUE ASSOCIATES, LP TO DO SITE AND INFRASTRUCTURE WORK FOR AN AFFORDABLE HOUSING DEVELOPMENT. THE AMOUNT OF THE NOTE RECEIVABLE IS $1,024,000 AND BEARS NO INTEREST. THE NOTE IS PAYABLE IN SEPTEMBER 2063.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 7:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (7): JOSEPH P URCELL OFFICER OF 11 CROWN STREET ASSOCIATES,LPCOL (B), LINE (7): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (7): LOAN FOR CONSTRUCTION OF THE PROJECT.COL (D), LINE (7): LOAN FROM THE ORGANIZATIONCOL (E), LINE (7): $750,000COL (F), LINE (7): $750,000DURING THE YEAR ENDED MARCH 31,2021, THE ORGANIZATION RECEIVED A SUBSIDY IN THE AMOUNT OF $750,000 FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN MERIDEN, CT. THE ORGANIZATION LOANED THE SUBSIDY TO 11 CROWN STREET ASSOCIATES, LP FOR THE CONSTRUCTION OF THEPROJECT. THE NOTE BEARS NO INTEREST. THE NOTE IS PAYABLE UPON MATURITY IN AUGUST 2035.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 8:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (8): JOHN J. O'DONNELL OFFICER OF 11 CROWN STREET ASSOCIATES, LPCOL (B), LINE (8): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (8): LOAN FOR CONSTRUCTION OF THE PROJECT.COL (D), LINE (8): LOAN FROM THE ORGANIZATIONCOL (E), LINE (8): $750,000COL (F), LINE (8): $750,000DURING THE YEAR ENDED MARCH 31,2021, THE ORGANIZATION RECEIVED A SUBSIDY IN THE AMOUNT OF $750,000 FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN MERIDEN, CT. THE ORGANIZATION LOANED THE SUBSIDY TO 11 CROWN STREET ASSOCIATES, LP FOR THE CONSTRUCTION OF THEPROJECT. THE NOTE BEARS NO INTEREST. THE NOTE IS PAYABLE UPON MATURITY IN AUGUST 2035.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (9): JOSEPH PURCELL OFFICER OF CARLING LLCCOL (B), LINE (9): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (9): LOAN ON PROPERTY SOLD TO CARLING LLCCOL (D), LINE (9): LOAN FROM THE ORGANIZATIONCOL (E), LINE (9): $6,200,000COL (F), LINE (9): $6,200,000COL (D), LINE (9): DURING THE YEAR ENDED MARCH 31,2017, THE ORGANIZATION SOLD AN AFFORDABLE HOUSING PROPERTY TO CARLING LLC FOR $10.0 MILLION, OF WHICH $3.8 MILLION WAS PAID TO THE CITY OF CHICAGO. FOR THE YEAR ENDED MARCH 31, 2024, INTEREST INCOME RELATED TO THE NOTE RECEIVABLE WAS APPROXIMATELY $162,000 AND ACCRUED INTEREST RECEIVABLE WAS APPROXIMATELY $1,098,000. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 2.26%. THE NOTE AND ALL OUTSTANDING INTEREST ARE PAYABLE UPON MATURITY IN DECEMBER 2058.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 10:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (10): JOHN J. O'DONNELL OFFICER OF CARLING LLCCOL (B), LINE (10): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (10): LOAN ON PROPERTY SOLD TO CARLING LLCCOL (D), LINE (10): LOAN FROM THE ORGANIZATIONCOL (E), LINE (10): $6,200,000COL (F), LINE (10): $6,200,000COL (D), LINE (10): DURING THE YEAR ENDED MARCH 31,2017, THE ORGANIZATION SOLD AN AFFORDABLE HOUSING PROPERTY TO CARLING LLC FOR $10.0 MILLION, OF WHICH $3.8 MILLION WAS PAID TO THE CITY OF CHICAGO. FOR THE YEAR ENDED MARCH 31, 2024, INTEREST INCOME RELATED TO THE NOTE RECEIVABLE WAS APPROXIMATELY $162,000 AND ACCRUED INTEREST RECEIVABLE WAS APPROXIMATELY $1,098,000. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 2.26%. THE NOTE AND ALL OUTSTANDING INTEREST ARE PAYABLE UPON MATURITY IN DECEMBER 2058.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 11:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (11): JOSEPH PURCELL OFFICER OF COOPER PLAZA ASSOCIATESCOL (B), LINE (11): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (11): NOTE DUE FROM COOPER PLAZA ASSOCIATESCOL (D), LINE (11): LOAN FROM THE ORGANIZATIONCOL (E), LINE (11): $2,165,411COL (F), LINE (11): $2,165,411DURING THE YEAR ENDED MARCH 31,2019, THE ORGANIZATION WAS ASSIGNED A NOTE RECEIVABLE FROM COOPER PLAZA HISTORIC HOMES, LP FOR $2,165,411. THE NOTE IS DUE TO THE ORGANIZATION FROM COOPER PLAZA ASSOCIATES, AN AFFORDABLE HOUSING DEVELOPMENT (AN ENTITY IN WHICH BT HOLDS A LESS THAN 1% OWNERSHIP INTEREST). FOR THE YEAR ENDED MARCH 31, 2024 INTEREST INCOME RELATED TO NOTE RECEIVABLE IS $72,000 AND ACCRUED INTEREST RECEIVABLE WAS APPROXIMATELY $341,000. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 2.91%. THE NOTE AND ALL OUTSTANDING INTEREST ARE PAYABLE UPON MATURITY IN FEBRUARY, 2049.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 12:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (12): JOHN J. O'DONNELL OFFICER OF COOPER PLAZA ASSOCIATESCOL (B), LINE (12): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (12): NOTE DUE FROM COOPER PLAZA ASSOCIATESCOL (D), LINE (12): LOAN FROM THE ORGANIZATIONCOL (E), LINE (12): $2,165,411COL (F), LINE (12): $2,165,411DURING THE YEAR ENDED MARCH 31,2019, THE ORGANIZATION WAS ASSIGNED A NOTE RECEIVABLE FROM COOPER PLAZA HISTORIC HOMES, LP FOR $2,165,411. THE NOTE IS DUE TO THE ORGANIZATION FROM COOPER PLAZA ASSOCIATES, AN AFFORDABLE HOUSING DEVELOPMENT (AN ENTITY IN WHICH BT HOLDS A LESS THAN 1% OWNERSHIP INTEREST). FOR THE YEAR ENDED MARCH 31, 2024 INTEREST INCOME RELATED TO NOTE RECEIVABLE IS $72,000 AND ACCRUED INTEREST RECEIVABLE WAS APPROXIMATELY $341,000. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 2.91%. THE NOTE AND ALL OUTSTANDING INTEREST ARE PAYABLE UPON MATURITY IN FEBRUARY, 2049.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 13:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (13): JOHN J. O'DONNELL, OFFICER OF MICHAELS CHICAGO HOLDING COMPANY, LLC, WHICH IS A MEMBER OF WHP VILLAGE MANAGER, LLC, THE MANAGING MEMBER OF WHP VILLAGE, LLC, AN AFFORDABLE HOUSING PROPERTYCOL (B), LINE (13): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (13): NOTE DUE FROM WHP VILLAGE, LLCCOL (D), LINE (13): LOAN FROM THE ORGANIZATIONCOL (E), LINE (13): $21,030,000COL (F), LINE (13): $21,030,000DURING THE YEAR ENDED MARCH 31,2017, THE ORGANIZATION ASSIGNED PROPERTY TO WHP VILLAGE, LLC IN EXCHANGE FOR ITS INTEREST IN THE AFFORDABLE HOUSING PROPERTY, THE ORGANIZATION RECEIVED A NOTE RECEIVABLE IN THE AMOUNT OF $21,030,000. AT MARCH 31,2024, $21,030,000 WAS DUE FROM WHP VILLAGE, LLC. INTEREST INCOME RELATED TO THE NOTE RECEIVABLE WAS APPROXIMATELY $457,000 AND ACCRUED INTEREST RECEIVABLE AS OF MARCH 31,2024 WAS APPROXIMATELY $3,268,000. THE NOTE BEARS INTEREST AT THE RATE OF 1.9%. THE NOTE AND ALL OUTSTANDING INTEREST ARE PAYABLE UPON MATURITY IN DECEMBER 2058.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 14:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (14): JOSEPH PURCELL OWNS LESS THAN 1% OF COOPER PLAZA ASSOCIATES, LLCCOL (B), LINE (14): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (14): NOTE DUE TO COOPER PLAZA ASSOCIATES, LLCCOL (D), LINE (14): LOAN FROM THE ORGANIZATIONCOL (E), LINE (14): $970,154COL (F), LINE (14): $970,154DURING THE YEAR ENDED MARCH 31, 2021, THE ORGANIZATION RECEIVED A SUBSIDY FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN CAMDEN, NJ IN THE AMOUNT OF $970,154. THE ORGANIZATION LOANED THE SUBSIDY TO COOPER PLAZA ASSOCIATES, LLC FOR CONSTRUCTION OF THE PROJECT. THE ORGANIZATION, AS WELL AS TWO MEMBERS OF THE BOARD OF TRUSTEES, EACH OWN LESS THAN 1% OF COOPER PLAZA ASSOCIATES, LLC. THE NOTE BEAR INTEREST AMOUNT OF 2.91%. INTEREST INCOME ON THE NOTE FOR THE YEAR ENDING MARCH 31, 2024 WAS $30,000 AND ACCRUED INTEREST RECEIVABLE WAS APPROXIMATELY $105,000. THE NOTE AND ALL OUTSTANDING INTEREST IS PAYABLE UPON MATURITY IN JULY 2050</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 15:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (15): JOHN J. O'DONNELL OWNS LESS THAN 1% OF COOPER PLAZA ASSOCIATES, LLCCOL (B), LINE (15): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (15): NOTE DUE TO COOPER PLAZA ASSOCIATES, LLCCOL (D), LINE (15): LOAN FROM THE ORGANIZATIONCOL (E), LINE (15): $970,154COL (F), LINE (15): $970,154DURING THE YEAR ENDED MARCH 31, 2021, THE ORGANIZATION RECEIVED A SUBSIDY FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN CAMDEN, NJ IN THE AMOUNT OF $970,154. THE ORGANIZATION LOANED THE SUBSIDY TO COOPER PLAZA ASSOCIATES, LLC FOR CONSTRUCTION OF THE PROJECT. THE ORGANIZATION, AS WELL AS TWO MEMBERS OF THE BOARD OF TRUSTEES, EACH OWN LESS THAN 1% OF COOPER PLAZA ASSOCIATES, LLC. THE NOTE BEAR INTEREST AMOUNT OF 2.91%. INTEREST INCOME ON THE NOTE FOR THE YEAR ENDING MARCH 31, 2024 WAS $30,000 AND ACCRUED INTEREST RECEIVABLE WAS APPROXIMATELY $105,000. THE NOTE AND ALL OUTSTANDING INTEREST IS PAYABLE UPON MATURITY IN JULY 2050</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 16:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (16): THE ORGANIZATION OWNS LESS THAN 1% OF SOUTH CAPITOL IMPROVEMENTS, LLCCOL (B), LINE (16): NACOL (C), LINE (16): CONSTRUCTION OF A PROJECTCOL (D), LINE (16): LOAN FROM THE ORGANIZATIONCOL (E), LINE (16): $650,000COL (F), LINE (16): $650,000DURING THE YEAR ENDED MARCH 31, 2021, THE ORGANIZATION RECEIVED A SUBSIDY IN THE AMOUNT OF $650,000 FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN WASHINGTON, DC. THE ORGANIZATION LOANED THE SUBSIDY TO SOUTH CAPITOL IMPROVEMENTS, LLC FOR CONSTRUCTION OF THEPROJECT. THE ORGANIZTION OWNS LESS THAN 1% INTEREST IN THE PARTNERSHIP. THE NOTE BEARS NO INTEREST. THE NOTE IS PAYABLE UPON MATURITY IN JUNE 2051.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 17:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (17): THE ORGANIZATION, AS WELL AS TWO MEMBERS OF THE BOARD OF TRUSTEES FOR THE ORGANIZATION OWN LESS THAN 1% OF SOMERSET BROWNSTONES URBAN RENEWAL ASSOCIATES, LPCOL (B), LINE (17): NACOL (C), LINE (17): NOTE DUE FROM SOMERSET BROWNSTONES URBAN RENEWAL ASSOCIATES, LPCOL (D), LINE (17): LOAN FROM THE ORGANIZATIONCOL (E), LINE (17): $1,200,000COL (F), LINE (17): $1,200,000DURING THE YEAR ENDED MARCH 31, 2021, THE ORGANIZATION RECEIVED A SUBSIDY IN THE AMOUNT OF $1,200,000 FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN NEWARK, NJ. THE ORGANIZATION LOANED THE SUBSIDY TO THE SOMERSET BROWNSTONES URBAN RENEWAL ASSOCIATES, LP FORCONSTRUCTION OF THE PROJECT AS WELL AS TWO MEMEBERS OF THE BOARD OF TRUSTEES, EACH OWN LESS THAN 1% OF SOMERSET BROWNSTONES URBAN RENEWAL ASSOCIATES, LP. THE NOTE BEARS NO INTEREST. THE NOTE IS PAYABLE UPON MATURITY IN FEBRUARY 2051.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 18:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (18): JOSEPH PURCELL OFFICER OF CONTINENTAL MORTGAGE CORPORATION (CMC)COL (B), LINE (18): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (18): NOTE DUE TO CMCCOL (D), LINE (18): LOAN FROM THE ORGANIZATIONCOL (E), LINE (18): $1,793,000COL (F), LINE (18): $1,793,000DURING THE YEARS ENDED MARCH 31, 2022, THE ORGANIZATION RECEIVED LOANS FROM A RELATED PARTY, CMC TOTALING $48,000 WITH NO STATED INTEREST RATE AND ARE DUE ON DEMAND. AT MARCH 31, 2024, $1,1793,000 WAS DUE TO CMC AND IS INCLUDED IN LOAN PAYABLE - RELATED PARTY ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 19:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (19): JOHN J. O'DONNELL OFFICER OF CONTINENTAL MORTGAGE CORPORATION (CMC)COL (B), LINE (19): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (19): NOTE DUE TO CMCCOL (D), LINE (19): LOAN TO THE ORGANIZATIONCOL (E), LINE (19): $1,793,000COL (F), LINE (19): $1,793,000DURING THE YEARS ENDED MARCH 31, 2022, THE ORGANIZATION RECEIVED LOANS FROM A RELATED PARTY, CMC TOTALING $48,000 WITH NO STATED INTEREST RATE AND ARE DUE ON DEMAND. AT MARCH 31, 2024, $1,1793,000 WAS DUE TO CMC AND IS INCLUDED IN LOAN PAYABLE - RELATED PARTY ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 20:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (20): JOHN J. O'DONNELL OFFICER OF WHP-IID, LLCCOL (B), LINE (20): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (20): NOTE DUE FROM WHP-IID,LLCCOL (D), LINE (20): LOAN FROM THE ORGANIZATIONCOL (E), LINE (20): $11,885,000COL (F), LINE (20): $11,885,000DURING THE YEAR ENDED MARCH 31, 2023, THE ORGANIZATION WAS THE RECIPIENT OF A NOTE RECEIVABLE FROM WHP-IID, LLC. THE AMOUNT OF THE NOTE RECEIVABLE AT MARCH 31, 2024 AND 2023, IS $10,000,000. THE NOTE BEARS NO INTEREST. THE NOTE IS PAYABLE UPON MATURITY IN MARCH 2066. DURING THE YEAR ENDED MARCH 31, 2023, THE ORGANIZATION WAS THE RECIPIENT OF A NOTE RECEIVABLE FROM WHP-IID, LLC. THE AMOUNT OF THE NOTE RECEIVABLE AT MARCH 31, 2024 AND 2023, IS $1,885,000. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 3.74%. INTEREST INCOME ON THE NOTE FOR THE YEAR ENDED MARCH 31, 2024 WAS $71,000 AND ACCRUED INTEREST RECEIVABLE AT MARCH 31, 2024 WAS APPROXIMATELY $71,000, RESPECTIVELY. THE NOTE IS PAYABLE UPON MATURITY IN JUNE 2049.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 1:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (1): JOSEPH PURCELL, OFFICER OF MICHAELS DEVELOPMENT COMPANYCOL (B), LINE (1): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (1): $50,000COL (D), LINE (1): DURING THE YEAR ENDED MARCH 31, 2024, THE ORGANIZATION RECOGNIZED A TOTAL OF $50,000 OF CONSULTING FEE REVENUE FROM MICHAELS DEVELOPMENT COMPANY. THERE WERE NO AMOUNTS OUTSTANDING AS OF MARCH 31, 2024.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (2): JOHN J. O'DONNELL OFFICER OF MICHAELS DEVELOPMENT COMPANYCOL (B), LINE (2): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (2): $50,000COL (D), LINE (1): DURING THE YEAR ENDED MARCH 31, 2024, THE ORGANIZATION RECOGNIZED A TOTAL OF $50,000 OF CONSULTING FEE REVENUE FROM MICHAELS DEVELOPMENT COMPANY. THERE WERE NO AMOUNTS OUTSTANDING AS OF MARCH 31, 2024.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 3:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (3): JOSEPH PURCELL, OFFICER OF CARLING AND MARSHALL 1232 LLCCOL (B), LINE (3): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (3): $51,000COL (D), LINE (3): AS OF MARCH 31, 2024 $51,000 WAS DUE FOR DEVELOPMENT FEES AND ARE INCLUDED IN ACCOUNTS RECEIVABLE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (4): JOHN J. O'DONNELL, OFFICER OF CARLING AND MARSHALL 1232 LLCCOL (B), LINE (4): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (4): $51,000COL (D), LINE (4): AS OF MARCH 31, 2024 $51,000 WAS DUE FOR DEVELOPMENT FEES AND ARE INCLUDED IN ACCOUNTS RECEIVABLE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 5:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (5): JOSEPH PURCELL, OFFICER OF MICHAELS MANAGEMENT - AFFORDABLE, LLC ("MMA") FORMERLY KNOWN AS INTERSTATE REALTY MANAGEMENT COMPANY ("IRM")COL (B), LINE (5): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (5): $5,444,000 AND $95,000COL (D), LINE (5): THE ORGANIZATION HAS ENTERED INTO CONTRACTS TO PROVIDE SERVICES TO THE RESIDENTS OF HOUSING SITES MANAGED BY A RELATED PARTY, MICHAELS MANAGEMENT - AFFORDABLE, LLC ("MMA"), FORMERLY KNOWN AS INTERSTATE REALTY MANAGEMENT COMPANY ("IRM"). DURING THE YEAR ENDED MARCH 31, 2024, THE ORGANIZATION RECOGNIZED APPROXIMATELY $5,444,000 AND $95,000 WAS DUE FOR THE SERVICES RENDERED TO MMA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 6:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (6): JOHN J. O'DONNELL, OFFICER OF MICHAELS MANAGEMENT - AFFORDABLE, LLC ("MMA") FORMERLY KNOWN AS INTERSTATE REALTY MANAGEMENT COMPANY ("IRM")COL (B), LINE (6): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (6): $5,444,000 AND $95,000COL (D), LINE (6): THE ORGANIZATION HAS ENTERED INTO CONTRACTS TO PROVIDE SERVICES TO THE RESIDENTS OF HOUSING SITES MANAGED BY A RELATED PARTY, MICHAELS MANAGEMENT - AFFORDABLE, LLC ("MMA"), FORMERLY KNOWN AS INTERSTATE REALTY MANAGEMENT COMPANY ("IRM"). DURING THE YEAR ENDED MARCH 31, 2024, THE ORGANIZATION RECOGNIZED APPROXIMATELY $5,444,000 AND $95,000 WAS DUE FOR THE SERVICES RENDERED TO MMA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 7:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (7): JOSEPH PURCELL, OFFICER OF MICHAELS ORGANIZATION LLCCOL (B), LINE (7): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (7): $25,000COL (D), LINE (7): THE MICHAELS ORGANIZATION PROVIDES ADMINISTRATIVE ASSISTANCE WITH MATTERS SUCH AS IT AND ACCOUNTING TO THE ORGANIZATION. THE AMOUNT PAID FOR THESE SERVICES FOR THE YEAR ENDED MARCH 31, 2024 IS $25,000.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART IV, COL A, B, C, D, LINE 8:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (8): JOHN J. O'DONNELL, OFFICER OF MICHAELS ORGANIZATION LLCCOL (B), LINE (8): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (8): $25,000COL (D), LINE (8): THE MICHAELS ORGANIZATION PROVIDES ADMINISTRATIVE ASSISTANCE WITH MATTERS SUCH AS IT AND ACCOUNTING TO THE ORGANIZATION. THE AMOUNT PAID FOR THESE SERVICES FOR THE YEAR ENDED MARCH 31, 2024 IS $25,000.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 21:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (21): JOSEPH PURCELL OWNS LESS THAN 1% OF BENTLEYVILLE PRESERVATION, LLCCOL (B), LINE (21): CFO AND TREASURER OF THE BOARD OF THE ORGANIZATION.COL (C), LINE (11): NOTE FROM BENTLEYVILLE PRESERVATION, LLCCOL (D), LINE (21): LOAN DUE TO THE ORGANIZATIONCOL (E), LINE (21): $500,000COL (F), LINE (21): $500,000DURING THE YEAR ENDED MARCH 31, 2022, THE ORGANIZATION RECEIVED A SUBSIDY IN THE AMOUNT OF $500,000 FOR ITS ROLE IN DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN BENTLEYVILLE, PA. THE ORGANIZATION LOANED THE SUBSIDY TO BENTLEYVILLE PRESERVATION, LLC FOR CONSTRUCTION OF THE PROJECT. THE ORGANIZATION, AS WELL AS TWO MEMBERS OF THE BOARD OF TRUSTEES, EACH OWNS LESS THAN 1% OF BENTLEYVILLE PRESERVATION, LLC. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 4%. INTEREST INCOME ON THE NOTE FOR THE YEAR ENDING MARCH 31, 2024 WAS $22,000 AND ACCRUED INTEREST RECEIVABLE AT MARCH 31, 2024 WAS APPROXIMATELY $55,000. THE NOTE IS PAYABLE UPON MATURITY IN JUNE 2049.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 22:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (22): JOHN J. O'DONNELL OWNS LESS THAN 1% OF BENTLEYVILLE PRESERVATION, LLCCOL (B), LINE (22): CEO AND CHAIRMAN OF THE BOARD OF THE ORGANIZATIONCOL (C), LINE (22): NOTE FROM BENTLEYVILLE PRESERVATION, LLCCOL (D), LINE (22): LOAN DUE TO THE ORGANIZATIONCOL (E), LINE (22): $500,000COL (F), LINE (22): $500,000DURING THE YEAR ENDED MARCH 31, 2022, THE ORGANIZATION RECEIVED A SUBSIDY IN THE AMOUNT OF $500,000 FOR ITS ROLE IN DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN BENTLEYVILLE, PA. THE ORGANIZATION LOANED THE SUBSIDY TO BENTLEYVILLE PRESERVATION, LLC FOR CONSTRUCTION OF THE PROJECT. THE ORGANIZATION, AS WELL AS TWO MEMBERS OF THE BOARD OF TRUSTEES, EACH OWNS LESS THAN 1% OF BENTLEYVILLE PRESERVATION, LLC. THE NOTE BEARS INTEREST AT AN ANNUAL RATE OF 4%. INTEREST INCOME ON THE NOTE FOR THE YEAR ENDING MARCH 31, 2024 WAS $22,000 AND ACCRUED INTEREST RECEIVABLE AT MARCH 31, 2024 WAS APPROXIMATELY $55,000. THE NOTE IS PAYABLE UPON MATURITY IN JUNE 2049.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART II, COL A, B, C, D, E, F LINE 23:</FormAndLineReferenceDesc>
        <ExplanationTxt>COL (A), LINE (11): THE ORGANIZATION OWNS LESS THAN 1% 45TH WEST COTTAGE, LLCCOL (B), LINE (11): NACOL (C), LINE (11): NOTE DUE FROM 45TH WEST COTTAGE, LLCCOL (D), LINE (11): LOAN TO THE ORGANIZATIONCOL (E), LINE (11): $7,525,000COL (F), LINE (11): $7,525,000DURING THE YEAR ENDED MARCH 31, 2022, THE ORGANIZATION RECEIVED $7,200,000 IN TAX INCENTIVE UFNDS, AS WELL AS, $325,000 IN GRANTS FUNDS FOR ITS ROLE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING SITE IN CHICAGO,IL. THE ORGANIZATION LOANED THESE FUNDS TO 45TH WEST COTTAGE, LLC FOR CONSTRUCTION OF THE PROJECT. THE ORGANIZATION OWNS LESS THAN 1% OF 45TH COTTAGE LLC. THE NOTE BEARS NO INTEREST. THE NOTE IS PAYABLE UPON MATURITY IN DECEMBER 2060.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART I, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>MICHAELS COMMUNITY SERVICES CORPORATION D/B/A BETTER TOMORROWS (THE ORGANIZATION") IS A NEW JERSEY NOT-FOR-PROFIT ORGANIZATION. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE SOCIAL WELFARE BY MAKING GRANTS AND LOANS, CONDUCTING RESEARCH AND DEVELOPMENT, PROVIDING SOCIAL SERVICES TO LOW-INCOME INDIVIDUALS THROUGHOUT THE UNITED STATES, AND FOSTERING LOW-INCOME HOUSING THROUGH THE CONSTRUCTION, REHABILITATION, FINANCING, AND OWNERSHIP OF AFFORDABLE HOUSING UNITS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>MICHAELS COMMUNITY SERVICES CORPORATION D/B/A BETTER TOMORROWS (THE ORGANIZATION") IS A NEW JERSEY NOT-FOR-PROFIT ORGANIZATION. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE SOCIAL WELFARE BY MAKING GRANTS AND LOANS, CONDUCTING REAL ESTATE DEVELOPMENT, PROVIDING SOCIAL SERVICES TO LOW-INCOME INDIVIDUALS THROUGHOUT THE UNITED STATES, AND FOSTERING LOW INCOME HOUSING THROUGH THE CONSTRUCTION, REHABILITATION, FINANCING, AND OWNERSHIP OF AFFORDABLE HOUSING UNITS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>JOHN J. O'DONNELL AND JOSEPH PURCELL HAVE A BUSINESS RELATIONSHIP AS EMPLOYEES OF THE MICHAELS ORGANIZATION AND AS OFFICERS OF 11 CROWN STREET ASSOCIATES, LP, SPRINGWOOD AVENUE ASSOCIATES, LP, A SUBSIDY OF SPRINGWOOD AVENUE ASSOCIATES, LP, CARLING LLC, MICHAELS DEVELOPMENT COMPANY, CARLING AND MARSHALL 1232 LLC, COOPER PLAZA HISTORIC HOMES, LP, MICHAELS MANAGEMENT - AFFORDABLE, LLC, CONTINENTAL MORTGAGE CORPORATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE FORM 990 WAS GIVEN TO FINANCE COMMITTEE FOR REVIEW AND COMMENTS PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY WHEN THEY JOIN THE BOARD OF DIRECTORS. BOARD MEMBERS WILL RENEW THEIR CONFLICT OF INTEREST STATEMENTS EACH YEAR. THE EXECUTIVE COMMITTEE REVIEWS THE COMPLETED FORMS FOR ANY POSSIBLE CONFLICTS OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR OFFICERS OF THE ORGANIZATION ON AN ANNUAL BASIS USING INDEPENDENT DATA AND RESEARCH.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MICHAELS COMMUNITY SERVICES CORPORATION MAKES IT GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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