2025-11-16T12:25:59-06:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 222593378 BLUEHUB LOAN FUND INC BLUE 6174278600 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 021193236 JACQUELYN BARRY HAMILTON CHIEF FINANCIAL OFFICER 6174278600 2025-11-14 1 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2025-11-14 2024 2025-03-06 01:10:19Z X ELYSE CHERRY 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 021193236 39501886 0 X WWW.BLUEHUBCAPITAL.ORG X 1984 MA COMMUNITY LENDING 11 9 56 9 0 0 20986347 16140000 14393623 20794080 2576989 2567806 0 0 37956959 39501886 0 0 0 0 4224308 5153766 0 0 186037 7318505 9955099 11542813 15108865 26414146 24393021 353897293 494617792 223157664 339485142 130739629 155132650 COMMUNITY LENDING 0 0 12191486 20794080 THE LOAN FUND LENDS MONEY TO COMMUNITY PROJECTS SUCH AS AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT MIGHT NOT OTHERWISE BE ABLE TO BE FINANCED. 12191486 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 397 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CT X E MATTHEW GAUTIERI CONTROLLER 6174278600 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 021193236 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 4.00 36.00 X X 96803 871234 244082 KAREN KELLEHER PRES. LOAN FUND & EX-OFFICIO BOARD MEM. 40.00 0.00 X X 305695 0 37788 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 3.00 X X 0 0 0 REESE FAYDE VICE CHAIR OF THE BOARD 1.00 3.00 X X 0 0 0 SARAH C LINCOLN TREASURER OF THE BOARD 1.00 3.00 X X 0 0 0 REVEREND JAMES WALSH SJ CLERK OF THE BOARD 1.00 3.00 X X 0 0 0 EDWARD DUGGER III BOARD MEMBER 1.00 3.00 X 0 0 0 JULIE GOULD BOARD MEMBER 1.00 3.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 3.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 3.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 3.00 X 0 0 0 LISA ZAPPALA EVP, CFO (UNTIL 9/2024) 12.00 28.00 X 129666 302553 81864 DEWITT JONES PRESIDENT, BLUEHUB ENERGY 0.00 40.00 X 0 250215 99766 JACQUELYN BARRY HAMILTON CFO (AS OF 9/2024) 0.00 40.00 X 0 85077 10209 BRENDA LOYA CHIEF OPERATING OFFICER 0.00 40.00 X 0 271892 41289 MICHAEL NILLES SVP,COMMERCIAL LENDING, TEAM LEADER 40.00 0.00 X 269026 0 39264 LUBNA ELIA CHIEF ADMINISTRATIVE OFFICER 0.00 40.00 X 0 265600 17040 E MATTHEW GAUTIERI SVP, CONTROLLER 10.00 30.00 X 59384 178150 58799 ARUNABHA CHAKRAVARTY SVP, PORTFOLIO MANAGEMENT 40.00 0.00 X 223208 0 31251 1083782 2224721 661352 11 0 1 0 0 16140000 16140000 INTEREST ON LOANS 531390 18248630 18248630 LOAN FEES AND OTHER 531390 1756130 1756130 PROGRAM INTEREST 531390 789320 789320 20794080 2567806 2567806 39501886 20794080 0 2567806 594294 487321 106973 3625905 2649400 976505 211022 165520 45502 441931 273939 167992 280614 208477 72137 159257 159257 122899 49600 73299 54156 54156 344655 216052 128603 186037 186037 387138 129980 257158 274330 274330 278997 278997 135070 82323 52747 44016 9067 34949 7377341 7377341 175577 109752 65825 100611 100611 MISCELLANEOUS 161215 65501 95714 CREDIT LOSS PROVISION 153800 153800 15108865 12191486 2731342 186037 43436309 47628746 57347300 110589818 2843190 4316663 245270494 327082565 5000000 5000000 353897293 494617792 1985945 2716165 4336446 7696446 26275000 866196 875499 191509109 276540919 24459968 25381113 223157664 339485142 X 82350772 97676909 48388857 57455741 130739629 155132650 353897293 494617792 24393021 0 X X 0 1 X 1 1 1 X 8666277 5667787 9651215 20986347 16140000 61111626 14088678 13470121 12417116 14393623 20794080 75163618 22754955 19137908 22068331 35379970 36934080 136275244 307252 267535 222431 181253 177431 1155902 2859640 2995494 1987013 1560019 3968111 13370277 3166892 3263029 2209444 1741272 4145542 14526179 121749065 2576989 2567806 5144795 2576989 2567806 5144795 22754955 19137908 22068331 37956959 39501886 141420039 0.86090 0.87560 0.03640 0.02110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 LOANS AND INTEREST RECEIVABLE 327082565 C 327082565 SUBORDINATED LOANS PAYABLE 24250000 DUE TO AFFILIATES 1131113 25381113 X 31860993 -7640893 -7640893 39501886 0 39501886 7467972 0 7467972 7640893 7640893 15108865 PART IV, LINE 2B: THE LOAN FUND HELD CASH BALANCES OF $875,499 IN ESCROW FOR OUTSIDE PARTIES AS OF DECEMBER 31, 2024. THESE AMOUNTS ARE MAINTAINED BY AGREEMENT WITH THE LOAN FUND'S BORROWERS AND INVESTORS. PART X, LINE 2: THE LOAN FUND ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE LOAN FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2024. THE LOAN FUND DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOAN INTEREST EXPENSE -7,487,093. NET CREDIT LOSS PROVISION -153,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN INTEREST EXPENSE 7,487,093. NET CREDIT LOSS PROVISION 153,800. PART XII, LINE 1D: INTEREST EXPENSE IS SHOWN NET WITH THE REVENUE IN THE FINANCIAL STATEMENTS. X X X X 0 1 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 47564 428079 32000 288000 17239 155155 42558 190642 1088 9794 140449 1071670 15488 72012 LISA ZAPPALA EVP, CFO (UNTIL 9/2024) 83654 195193 24000 56000 22012 51360 12223 43895 7724 18022 149613 364470 6638 30862 DEWITT JONES PRESIDENT, BLUEHUB ENERGY 0 79752 0 100000 0 70463 6638 43144 0 49984 6638 343343 6638 30862 KAREN KELLEHER PRES. LOAN FUND & EX-OFFICIO BOARD M 275695 0 30000 0 0 0 18540 0 19248 0 343483 0 0 0 BRENDA LOYA CHIEF OPERATING OFFICER 0 246892 0 25000 0 0 0 16235 0 25054 0 313181 0 0 MICHAEL NILLES SVP,COMMERCIAL LENDING, TEAM LEADER 229026 0 40000 0 0 0 14898 0 24366 0 308290 0 0 0 E MATTHEW GAUTIERI SVP, CONTROLLER 53884 161650 5500 16500 0 0 3737 11209 10963 32890 74084 222249 0 0 LUBNA ELIA CHIEF ADMINISTRATIVE OFFICER 0 225600 0 40000 0 0 0 15216 0 1824 0 282640 0 0 ARUNABHA CHAKRAVARTY SVP, PORTFOLIO MANAGEMENT 198208 0 25000 0 0 0 12792 0 18459 0 254459 0 0 0 PART I, LINE 4B ELYSE CHERRY, CEO, 457F PLAN. DEWITT JONES, EXECUTIVE VP, 457F PLAN. LISA ZAPPALA, CFO, 457F PLAN. SCHEDULE J, PART II: ELYSE CHERRY, INCLUDED IN PART II, COLUMN B (III) IS A $162,500 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $87,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $1,124,619. DEWITT JONES, INCLUDED IN PART II, COLUMN B (III) IS A $75,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $37,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $312,482. LISA ZAPPALA, INCLUDED IN PART II, COLUMN B (III) IS A $75,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $37,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $476,583. A PUBLIC FINANCE AUTHORITY 273866124 74442PG41 2024-11-13 27136174 FINANCING THE CONSTRUCTION OF REAL PROPERTY 0 1 0 A 27136174 384046 26752128 0 0 1 1 A 1 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, FINANCE COMMITTEE, AND CONTROLLER REVIEW THE 990 BEFORE GOING TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONTROLLER REVIEWS THE ANNUAL SIGNED CONFLICT OF INTEREST POLICIES FOR ANY CONFLICTS TO BE DISCLOSED TO THE BOARD. IF CONFLICTS ARISE, THEY ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 EVERY FEW YEARS, A SALARY SURVEY OF THE INDUSTRY IS PERFORMED TO ENSURE THAT THE LOAN FUND'S SALARY EXPENSES ARE REASONABLE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO SET THE SALARY RANGES FOR ALL POSITIONS AND TO APPROVE THE CEO'S COMPENSATION FOR THE YEAR. THE EXECUTIVE COMMITTEE KEEPS MINUTES OF EACH MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE LOAN FUND'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE LOAN FUND HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT, THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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