2025-05-15T09:08:45-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-07-01 043241596 COOPERATIVE DEVELOPMENT INSTITUTE INC COOP 4316651271 PO BOX 1051 NORTHAMPTON MA 01061 CAROLYN EDSELL-VETTER CHAIR 4316651271 2025-05-14 1 1 DANIELLE NIHILL P01350943 7819821001 2025-05-14 2023 2025-03-06 01:10:19Z CAROLYN EDSELL-VETTER PO BOX 1051 NORTHAMPTON MA 01061 4404987 0 X HTTPS://CDI.COOP/ X 1994 MA DEVELOP AND TRAIN COOPERATIVES. 8 8 38 8 0 0 1514965 2874984 1817731 1515001 22512 10633 383135 4369 3738343 4404987 0 0 0 0 1884995 2529757 0 0 70 2570495 1841322 4455490 4371079 -717147 33908 3663324 3288571 1519462 975801 2143862 2312770 X DEVELOP AND TRAIN COOPERATIVES TO CREATE AND SUSTAIN DEMOCRATICALLY OWNED, COOPERATIVE ENTERPRISES AND NETWORKS IN THE NORTHEAST THAT GROW A PROSPEROUS AND EQUITABLE ECONOMY. 1 0 1243294 0 1062718 NEW ENGLAND RESIDENT-OWNED COMMUNITIES (NEROC):CDI'S NEROC PROGRAM HAS HELPED RESIDENTS OF 62 MANUFACTURED HOME PARKS ACROSS NEW ENGLAND RAISE MORE THAN $307 MILLION IN CAPITAL TO PURCHASE THEIR COMMUNITIES AND PERMANENTLY PRESERVED MORE THAN 6,230 UNITS OF AFFORDABLE HOUSING.MANUFACTURED HOMES ARE AN ESSENTIAL SOURCE OF AFFORDABLE HOUSING IN NEW ENGLAND. HOWEVER, THEY HAVE INCREASINGLY BEEN TARGETED BY INVESTORS AND PRIVATE EQUITY FIRMS WHO SEEK TO PURCHASE THE PARKS FOR A PROFIT. RESIDENTS IN THESE COMMUNITIES OWN THE HOMES BUT NOT THE LAND UNDERNEATH THEM, MAKING THEM VULNERABLE TO UNAFFORDABLE RENT-HIKES, MISMANAGEMENT, AND DETERIORATING INFRASTRUCTURE. NEROC HELPS MANUFACTURED HOMEOWNERS COOPERATIVELY PURCHASE AND DEMOCRATICALLY MANAGE THEIR COMMUNITIES, PRESERVING THE QUALITY AND AFFORDABILITY OF HOMES IN OUR REGION. 902033 0 185287 BUSINESS OWNERSHIP SOLUTIONS (BOS):SINCE BOS WAS FOUNDED IN 2013, WE HAVE LED 33 BUSINESSES THROUGH TRANSITIONS TO EMPLOYEE-OWNED COOPERATIVES, CREATING OWNERSHIP OPPORTUNITIES FOR MORE THAN 570 WORKERS AND HELPING THEM SECURE MORE THAN $34 MILLION IN CAPITAL TO BUY THOSE BUSINESSES.BEGINNING IN 2024, BOS WAS AWARDED $1.25 MILLION BY WELLS FARGO TO DEVELOP THE NORTHEAST TRANSITION INITIATIVE (NETI), A PARTNERSHIP OF ORGANIZATIONS AND LENDERS WITH COMPREHENSIVE EXPERIENCE IN EXIT-PLANNING AND OWNERSHIP TRANSITIONS. THE GOAL OF THE PARTNERSHIP IS TO RAISE PUBLIC AWARENESS OF THE EMPLOYEE OWNERSHIP OPTION, ACTIVATE A SMALL BUSINESS ECOSYSTEM ACROSS THE NORTHEAST, DEVELOP A ROBUST TRAINING PROGRAM, AND DOCUMENT BEST PRACTICES AND OUTCOMES.ACROSS THE U.S., A WAVE OF AGING BABY BOOMER BUSINESS OWNERS IS PLANNING TO RETIRE IN THE NEXT FEW YEARS, BUT THEY DON'T HAVE A PLAN, POSING A GREAT THREAT TO BUSINESS, JOB PRESERVATION, AND GROWTH IN OUR COMMUNITIES. IN NEW ENGLAND AND NY ALONE, AN ESTIMATED 200,000+ SMALL BUSINESSES HAVE OWNERS WHO ARE LOOKING TO RETIRE OR TRANSITION WITHIN THE NEXT FEW YEARS, BUT ONLY ABOUT 17% OF THEM HAVE A SUCCESSION PLAN. EMPLOYEE OWNERSHIP IS A PROVEN STRATEGY TO PRESERVE CRITICAL BUSINESSES AND JOBS AND PROVIDE WEALTH BUILDING OPPORTUNITIES FOR WORKERS. BOS HELPS BUSINESS OWNERS, AND THEIR EMPLOYEES EXECUTE CONVERSIONS TO EMPLOYEE OWNERSHIP AND PROVIDES PUBLIC EDUCATION TO HELP BUSINESSES UNDERSTAND THEIR OPTIONS TO AVOID THE LOSS OF BUSINESSES AND JOBS. 734659 0 88977 COOPERATIVE BUSINESS SERVICES (CBS):CBS HAS HELPED TO FORM 185 CO-OPS, REPRESENTING MORE THAN 900 JOBS, AND HAS ASSISTED MORE THAN 220 EXISTING CO-OPS WITH GROWTH AND TRANSFORMATION PLANNING.CBS SUPPORTS COOPERATIVE STARTUPS AND ESTABLISHED COOPERATIVES MEET THEIR NEEDS THROUGH TECHNICAL ASSISTANCE AND TRAINING. OUR EXPERIENCED TECHNICAL ASSISTANTS GUIDE STARTUPS THROUGH THE PROCESS OF INCEPTION, DESIGN, AND LAUNCH. CBS IS INDUSTRY-AGNOSTIC WITH A FOCUS ON HIGH IMPACT AREAS SUCH AS AGRICULTURE, CHILDCARE, AND MANUFACTURING AS WELL AS HISTORICALLY UNDERSERVED RURAL COMMUNITIES. WE ALSO SUPPORT EXISTING CO-OPS TO REACH THEIR GROWTH AND RE-DEVELOPMENT GOALS. 359738 0 178019 WATER INFRASTRUCTURE SUPPORT PROGRAM (WISP):WISP HAS HELPED 52 MANUFACTURED HOME COMMUNITIES SUBMIT GRANT APPLICATIONS TOTALING $30.7 MILLION IN FUNDING AWARDED FOR THEIR INFRASTRUCTURE PROJECTS.IN DECEMBER 2024, CDI WAS AWARDED A SIX-YEAR, $17.9 MILLION PRICE GRANT FOR THE BENEFIT OF INFRASTRUCTURE PROJECTS THROUGHOUT THE SERVICE AREA.WISP PROVIDES FREE TECHNICAL AND MANAGERIAL SUPPORT TO CONNECT ELIGIBLE MANUFACTURED HOME COMMUNITIES ACROSS NEW ENGLAND WITH AVAILABLE FUNDING SOURCES FOR INFRASTRUCTURE PROJECTS INCLUDING DRINKING WATER, SEPTIC, AND ELECTRICAL SYSTEMS IMPROVEMENTS. MANUFACTURED-HOME COMMUNITIES ARE AN ESSENTIAL SOURCE OF AFFORDABLE HOUSING FOR NEW ENGLAND. HOWEVER, THEIR INFRASTRUCTURE IS OFTEN AT THE END OF ITS USEFUL LIFESPAN AND MAJOR INVESTMENT IS NEEDED TO SUSTAIN THESE AFFORDABLE COMMUNITIES FOR THE LONG TERM. 533065 0 0 892803 0 178019 3772789 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X CAROLYN EDSELL-VETTER 7136651271 PO BOX 1051 NORTHAMPTON MA 01061 CAROLYN EDSELL-VETTER CHAIR 2.00 0.00 X X 0 0 0 MAGGIE COHN VICE CHAIR 2.00 0.00 X X 0 0 0 MATTHEW LEWIS TREASURER 2.00 0.00 X X 0 0 0 CARLOS TEUSCHER CLERK 2.00 0.00 X X 0 0 0 HEINY MALDONADO DIRECTOR 2.00 0.00 X 0 0 0 NICK CLARK DIRECTOR 2.00 0.00 X 0 0 0 BRITTANY HENDERSON DIRECTOR 2.00 0.00 X 0 0 0 GILLIAN O'FLAHERTY DIRECTOR 2.00 0.00 X 0 0 0 PAMELA ZAGORSKI EXECUTIVE DIRECTOR 40.00 0.00 X 37383 0 6400 ALYSON FREDERICK FINANCE DIRECTOR 40.00 0.00 X 18291 0 692 55674 0 7092 0 0 0 0 COOPERATIVE FUND OF THE NORTHEAST PO BOX 970 WATERTOWN MA 02471 NORTHEAST TRANSITION INITIATIVE PARTNER 182270 1 1142526 1732458 2874984 CONTRACT INCOME 900099 1515001 1515001 1515001 10633 10633 REIMBURSED EXPENSES 900099 4369 4369 4369 4404987 1515001 0 15002 X 92438 77038 15400 1999749 1666499 333250 31290 26076 5214 227970 189980 37990 178310 148596 29714 23406 23199 207 5913 5913 1158338 1153945 4393 5865 4156 1709 81902 58271 23631 109252 77419 31833 122569 107342 15227 3613 2560 1053 3655 2590 1065 21045 14913 6132 DONATIONS 188625 133665 54960 DUES AND SUBSCRIPTIONS 31168 22087 9081 EQUIPMENT LEASE & MAITN 17618 12485 5133 BAD DEBT EXPENSE 16315 16315 52038 51968 70 4371079 3772789 598220 70 3060187 2635252 453382 515511 133697 120212 16058 17596 3663324 3288571 178216 306978 1198143 529922 142938 138901 165 0 1519462 975801 X 2143862 1645920 0 666850 2143862 2312770 3663324 3288571 33908 135000 0 X 0 1 X 1 1 1 X 905224 1153791 2652622 1514965 2874984 9101586 905224 1153791 2652622 1514965 2874984 9101586 674490 8427096 15400 11250 11860 22512 10633 71655 4369 4369 9177610 1515001 0.91820 0.99130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSED EXPENSES - 2023 AMOUNT: $ 4,369. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4404987 0 4404987 0 4404987 4371079 0 4371079 0 4371079 FORM 990, PART III, LINE 2 NORTHEAST TRANSITION INITIATIVE (NETI), A PARTNERSHIP OF ORGANIZATIONS AND LENDERS WITH COMPREHENSIVE EXPERIENCE IN EXIT-PLANNING AND OWNERSHIP TRANSITIONS. THE GOAL OF THE PARTNERSHIP IS TO RAISE PUBLIC AWARENESS OF THE EMPLOYEE OWNERSHIP OPTION, ACTIVATE A SMALL BUSINESS ECOSYSTEM ACROSS THE NORTHEAST, DEVELOP A ROBUST TRAINING PROGRAM, AND DOCUMENT BEST PRACTICES AND OUTCOMES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD OF DIRECTORS. OTHERS CAN BE APPOINTED TO THE EXECUTIVE COMMITTEE AT THE DISCRETION OF THE CHAIR. THE EXECUTIVE COMMITTEE SHALL, UNDER THE DIRECTION OF THE BOARD, HAVE CHARGE OF THE ACTIVITIES OF THE INSTITUTE, AND IN ADDITION, BETWEEN SESSIONS OF THE BOARD OF DIRECTORS, SHALL HAVE ALL THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE BUSINESS AND AFFAIRS OF THE INSTITUTE EXCEPT AS LIMITED BY LAW, BY THE INSTITUTE'S ARTICLES OF INCORPORATION OR THESE BYLAWS, AND SHALL REPORT TO THE BOARD OF DIRECTORS ACTION WHICH THE COMMITTEE TAKES ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AN OUTSIDE CPA FIRM PREPARES THE FORM 990 AND THE BOARD REVIEWS AND APPROVES IT BEFORE FILINGS WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ACTUAL AND PERCEIVED CONFLICTS AS THEY MAY ARISE. THE CONFLICT-OF-INTEREST POLICY FOR BOARD MEMBERS IS OVERSEEN BY THE BOARD CHAIR, IT TAKES PLACE ANNUALLY AT THE ANNUAL MEETING IN NOVEMBER OR AT THE TIME OF APPOINTMENT. IF A CONFLICT IS NOTED, IT IS BROUGHT TO THE ATTENTION OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 1,153,945. MANAGEMENT AND GENERAL EXPENSES 4,393. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,158,338.