2024-05-14T14:43:52-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-07-01 042759909 MASSACHUSETTS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATION MASS 6174260303 44 SCHOOL STREET 800 BOSTON MA 02108 EMILY HABER PRESIDENT/CEO 6174260303 2024-05-14 1 EMILY HABER 999009999 1 JOLANTA TUCK CPA P01340068 7813803520 2024-05-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EMILY HABER 44 SCHOOL STREET 800 BOSTON MA 02108 2156365 0 X MACDC.ORG X 1982 MA SUPPORTING COMMUNITY BASED EFFORTS TO BUILD VIBRANT PLACES THAT PROVIDE ECONOMIC OPPORTUNITY. 17 17 15 17 0 0 1568297 1740094 213896 173175 158 0 129484 243096 1911835 2156365 0 0 0 0 1115313 1025269 0 0 0 731376 1052441 1846689 2077710 65146 78655 912733 1682212 154048 842280 758685 839932 X MACDC IS A MEMBERSHIP ORGANIZATION THAT SEEKS TO BUILD AND SUSTAIN A HIGH PERFORMING AND ADAPTIVE COMMUNITY DEVELOPMENT SECTOR THAT IS SUPPORTED BY PRIVATE AND PUBLIC INVESTMENT AND SOUND PUBLIC POLICIES. WE ADVANCE RACIAL AND ECONOMIC EQUITY BY CREATING HEALTHY COMMUNITIES WHERE EVERYONE LIVES IN HOUSING THEY CAN AFFORD, BENEFITS FROM ECONOMIC OPPORTUNITIES AND CAN FULLY PARTICIPATE IN THE CIVIC LIFE OF THEIR COMMUNITY. 0 0 741627 173175 THE MEL KING INSTITUTE FOR COMMUNITY BUILDING (THE INSTITUTE), WHICH THE ASSOCIATION CO-FOUNDED AND OPERATES, FOSTERS VIBRANT AND THRIVING MASSACHUSETTS COMMUNITIES BY ADVANCING THE SKILLS, KNOWLEDGE AND LEADERSHIP ABILITY OF PROFESSIONAL PRACTITIONERS AND VOLUNTEER LEADERS IN THE COMMUNITY DEVELOPMENT FIELD. TO ACHIEVE ITS MISSION, THE INSTITUTE LEVERAGES COLLABORATIVE EDUCATIONAL PARTNERSHIPS THAT OFFER HIGH QUALITY LEARNING OPPORTUNITIES TO PROFESSIONALS AND VOLUNTEERS IN THE COMMUNITY DEVELOPMENT FIELD, ENCOURAGE INNOVATION, AND PROMOTE AND INSTITUTIONALIZE SYSTEMIC SUCCESS. IN ADDITION TO OFFERING COURSES AND WORKSHOPS, THE INSTITUTE OPERATES A NUMBER OF PROGRAMS, INCLUDING A MENTORING PROGRAM, A TRAINING PROGRAM FOR PUBLIC HOUSING TENANTS CALLED THE RESIDENT LEADERSHIP ACADEMY, AND THE ALLIANCE FOR RACIAL EQUITY. 582186 118772 THE MEMBER INITIATIVES PROGRAM SEEKS TO STRENGTHEN THE CAPACITY OF THE ASSOCIATION'S MEMBER ORGANIZATIONS TO MEET THE VARIOUS NEEDS OF THEIR COMMUNITIES IN SUCH AREAS AS AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, RESIDENT SERVICES, COMMUNITY ORGANIZING AND FUNDRAISING. AS PART OF THIS PROGRAM, THE ASSOCIATION CONDUCTS PEER GROUPS TO SERVE AS LEARNING AND NETWORKING OPPORTUNITIES FOR PRACTITIONERS; COLLABORATES WITH OTHER ORGANIZATIONS TO OFFER TRAININGS AND DEVELOP PARTNERSHIPS; PROVIDES TECHNICAL ASSISTANCE TO LOCAL ORGANIZATIONS; COLLECTS AND SHARES INFORMATION ABOUT BEST PRACTICES IN THE FIELD; AND PROVIDES GROUP SPONSORED INSURANCE. 555888 0 THE COMMUNITY DEVELOPMENT POLICY PROGRAM AIMS TO HELP COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) WITH THEIR HOUSING, ECONOMIC DEVELOPMENT, AND COMMUNITY DEVELOPMENT ACTIVITIES BY CREATING A SUPPORTIVE POLICY ENVIRONMENT. THIS INCLUDES WORKING WITH LOCAL, STATE, AND FEDERAL AGENCIES AND ELECTED OFFICIALS TO DESIGN AND FUND VARIOUS PROGRAMS AND IT ALSO INCLUDES WORKING WITH PRIVATE INTERMEDIARIES, BANKS, FOUNDATIONS, AND CORPORATIONS TO DEVELOP PROGRAMS AND ESTABLISH PARTNERSHIPS. 1879701 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 45 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 MA X X EMILY HABER 6174260303 44 SCHOOL STREET STE 800 BOSTON MA 02108 JOSEPH KRIESBERG PRESIDENT/CEO (UNTIL 12/22) 37.50 X X 175504 0 3500 ANGIE LIOU CHAIR 2.00 X X 0 0 0 EMILIO DORCELY VICE CHAIR 2.00 X X 0 0 0 MICKEY NORTHCUTT TREASURER 2.00 X X 0 0 0 RAFAEL MARES CLERK 2.00 X X 0 0 0 VANESSA CALDERON-ROSADO DIRECTOR 1.00 X 0 0 0 YUN-JU CHOI DIRECTOR 1.00 X 0 0 0 DAVID CHRISTOPOLIS DIRECTOR 1.00 X 0 0 0 JAY COBURN DIRECTOR 1.00 X 0 0 0 ROBERT CORLEY DIRECTOR 1.00 X 0 0 0 MARC DOHAN DIRECTOR 1.00 X 0 0 0 TERONDA ELLIS DIRECTOR 1.00 X 0 0 0 SUNEETH JOHN DIRECTOR 1.00 X 0 0 0 GAIL LATIMORE DIRECTOR 1.00 X 0 0 0 COLLEEN LOVELESS DIRECTOR 1.00 X 0 0 0 KIMBERLY LYLE DIRECTOR 1.00 X 0 0 0 GONZALO PUIGBO DIRECTOR 1.00 X 0 0 0 LESLIE REID DIRECTOR 1.00 X 0 0 0 SHIRRONDA ALMEIDA DIRECTOR OF MEL KING INSTI 37.50 X 107335 0 21846 JOHN FITTERER DIRECTOR OF OPERATIONS 37.50 X 105555 0 12866 388394 0 38212 3 0 1 0 CLIFTON LARSON ALLEN LLP 220 SOUTH SIXTH STREET STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 110387 1 33999 188071 643375 874649 1740094 MEL KING INSTITUTE 611710 173175 173175 173175 124324 124324 118772 118772 118772 2156365 291947 0 124324 X 115204 92163 23041 730095 642700 87395 33388 33024 364 77135 76730 405 69447 58571 10876 108425 97021 11404 38761 38761 465 465 308150 278594 29556 41905 36200 5705 96689 84668 12021 134055 120758 13297 35123 31643 3480 PROGRAM EXPENSE 288868 288868 2077710 1879701 198009 0 368374 122928 316676 219338 108100 491916 42806 32501 156271 89593 66588 66678 0 141170 0 597492 10189 10189 912733 1682212 121298 237389 32750 0 0 604891 154048 842280 X 608685 645338 150000 194594 758685 839932 912733 1682212 78655 2592 0 X 0 1 X 1 0 X 1358866 1292918 1483569 1568297 1740094 7443744 1358866 1292918 1483569 1568297 1740094 7443744 281961 7161783 2206 2320 81458 90947 124324 301255 10687 29056 51861 91604 326 3500 10852 38695 118772 172145 8008748 956819 0.89420 0.90340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 326. 2019 AMOUNT: $ 3,500. 2020 AMOUNT: $ 10,852. 2021 AMOUNT: $ 38,695. 2022 AMOUNT: $ 118,772. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2800 35961 38761 2038949 2077710 253886 63472 0 0 229897 233071 242334 253886 959188 1438782 9656 57009 62169 38761 167595 57474 58268 60584 63472 239798 359697 6654 23620 24611 2800 57685 88227 61735 26492 68044 27858 40186 66678 LEASE LIABILITY 604891 604891 X 2158492 2592 2592 2155900 465 465 2156365 2077245 0 2077245 465 465 2077710 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. GENERALLY, THE ASSOCIATION'S INFORMATION OR TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. X X X 0 0 0 0 0 0 0 0 0 JOSEPH KRIESBERG PRESIDENT/CEO (UNTIL 12/22) 175504 0 0 0 0 0 3500 0 0 0 179004 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MACDC HAS TWO CLASSES OF MEMBERSHIP: CDC MEMBERS AND ASSOCIATE MEMBERS. EACH CDC MEMBER APPOINTS A SINGLE INDIVIDUAL TO PARTICIPATE IN THOSE VOTING DECISIONS LEFT TO THE FULL MEMBERSHIP. THE FULL MEMBERSHIP ELECTS THE GOVERNING BODY AND RETAINS THE AUTHORITY TO APPROVE ANY CHANGES IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A MACDC HAS TWO CLASSES OF MEMBERSHIP: CDC MEMBERS AND ASSOCIATE MEMBERS. EACH CDC MEMBER APPOINTS A SINGLE INDIVIDUAL TO PARTICIPATE IN THOSE VOTING DECISIONS LEFT TO THE FULL MEMBERSHIP. THE FULL MEMBERSHIP ELECTS THE GOVERNING BODY AND RETAINS THE AUTHORITY TO APPROVE ANY CHANGES IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B MACDC HAS TWO CLASSES OF MEMBERSHIP: CDC MEMBERS AND ASSOCIATE MEMBERS. EACH CDC MEMBER APPOINTS A SINGLE INDIVIDUAL TO PARTICIPATE IN THOSE VOTING DECISIONS LEFT TO THE FULL MEMBERSHIP. THE FULL MEMBERSHIP ELECTS THE GOVERNING BODY AND RETAINS THE AUTHORITY TO APPROVE ANY CHANGES IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISSEMINATED TO THE BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12 EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT OF THE ORGANIZATION HAD A PERFORMANCE AND SALARY REVIEW COMPLETED BY THE BOARD OF DIRECTORS. THE BOARD UTILIZED SALARY SURVEYS AND COMPARED THE PROPOSED SALARY TO OTHER NON PROFIT AGENCIES OF SIMILAR SIZE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 278,594. MANAGEMENT AND GENERAL EXPENSES 29,556. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 308,150.