2023-09-01T15:27:48-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990PF 2022-01-01 046111819 HISTORIC BOSTON INCORPORATED HIST 6174421859 3 SCHOOL STREET BOSTON MA 02108 KATHY KOTTARIDIS EXECUTIVE DIRECTOR 6174421959 2023-08-31 1 KATHY KOTTARIDIS XXX-XX-XXXX 1 SORIE KABA CPA P01317106 5083669100 2023-08-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 14643639 X 903914 12930 12930 12930 1231746 1231746 1231746 324482 256453 1561867 256453 256453 66661 0 66661 2471704 1501129 1567790 161435 0 132827 28608 205039 133946 161126 43913 68907 9857 63993 4914 22788 7531 22788 0 229189 76361 229189 0 66737 6470 66737 0 40493 13892 40493 0 231847 213438 226777 5070 102394 100585 102394 215164 212614 215164 0 9106 0 2471 6635 4891 297 740 4151 220358 132273 198906 21452 1578348 907264 1463605 114743 0 0 1578348 907264 1463605 114743 893356 593865 104185 449272 419407 419407 477144 149118 149118 94141 142113 94141 94141 50000 85950 85950 5353767 3381958 1419656 1971809 1971809 25490 35896 35896 532820 259318 259318 135153 218721 218721 8126161 2740662 5856583 5385499 8126161 3227536 3283118 3283118 12315767 11902977 14643639 259080 550936 2640381 2133512 920235 1589900 3819696 4274348 X 6767439 6648578 1728632 980051 8496071 7628629 12315767 11902977 8496071 893356 0 9389427 1760798 7628629 VARIOUS SALES OF INVESTMENTS P 507310 346382 160928 160928 VARIOUS SALES OF FIXED ASSETS P 1054557 959032 95525 95525 256453 256453 X 1984-06-24 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 MA 1 1 0 1 0 1 WWW.HISTORICBOSTON.ORG KATHY KOTTARIDIS 6174421859 3 SCHOOL STREET BOSTON MA 02108 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 KATHY KOTTARIDIS 3 SCHOOL STREET BOSTON MA 02108 EXECUTIVE DIRECTOR 35.00 161435 13182 0 MICHAEL DURAND 3 SCHOOL STREET BOSTON MA 02108 PRESIDENT 1.00 0 0 0 FELICIA JACQUES 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 JAMES LABECK 3 SCHOOL STREET BOSTON MA 02108 CLERK 1.00 0 0 0 EMILY AXELROD 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 SAMMY NABULSI 3 SCHOOL STREET BOSTON MA 02108 TREASURER 1.00 0 0 0 DAVID BLACK 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 KARILYN CROCKETT 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 MICHAEL FELDMAN 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 BRIAN AWE 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 DEREK LUMPKINS 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 PAUL MCDONOUGH 3 SCHOOL STREET BOSTON MA 02108 PRESIDENT EMERITUS 1.00 0 0 0 HENRY MOSS 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 JULIE PAUL BROWN 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 DAKOTA JONES 3 SCHOOL STREET BOSTON MA 02108 DIRECTOR 1.00 0 0 0 LISA LEWIS 3 SCHOOL STREET BOSTON MA 02108 PROJECT DIRECTOR 35.00 108788 12606 0 ANTONIO LOPES 3 SCHOOL STREET BOSTON MA 02108 RE DEV. DIRECTOR 35.00 81180 1821 0 0 MJ MAWN INC 595 WASHINGTON STREET EAST WALPOLE MA 02032 GENERAL CONTRACTOR - BUILDING REHAB 785650 OLDE MOHAWK HISTORIC PRESERVATION 87 EAST EMERSON STREET MELROSE MA 02176 CONSULTING SERVICES- BUILDING REHAB 193989 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 189153 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 AUDIT & TAX SERVICES 79800 GALE ASSOCIATES INC 163 LIBBEY PARKWAY WEYMOUTH MA 02189 CONSULTING SERVICES- BUILDING REHAB 52875 0 RENTAL: RENTAL PROPERTY CONSISTS OF THREE HISTORIC PROPERTIES, ALL REDEVELOPED BY HBI. THE OLD CORNER BOOKSTORE, IS A COMMERICAL BUILDING ON THE OFFICIAL FREEDOM TRAIL SITE IN DOWNTOWN BOSTON WITH RETAIL AND OFFICE SPACE. THE VERTULLO BUILDING, THE OLDEST AND ONLY SURVIVING WOODEN COMMERICAL BUILDING IN THE CLARY AND LOCAN SQUARES COMMERICAL DISTRICT OF HYDE PARK, CONTAINS FIVE SMALL BUSINESSES AND FOUR UPPER STORY RESIDENTIAL UNITS. THE EUSTIS FIREHOUSE BUILDING, THE OLDEST REMAINING FIREHOUSE IN BOSTON, BUILT IN 1859, IS OPERATED AS COMMERCIAL OFFICE SPACE. 907264 REAL ESTATE DEVELOPMENT: REPRESENTS HBI'S EFFORTS TO REDEVELOP AND REHABILITATE AT-RISK HISTORIC PROPERTIES. A PROJECT MAY BE UNDER REVIEW, WITH UNDERWRITING AND PRE-DEVELOPMENT ACTIVITY IN PROCESS FOR ONE OR SEVERAL YEARS, IN ORDER TO PLAN ITS REDEVELOPMENT OR TO CONCLUDE IT IS NOT FEASIBLE. WHEN A PROJECT IS READY FOR REDEVELOPMENT, HBI ARRANGES FINANCING, INVESTMENT AND PRIVATE OR PUBLIC FUNDING AS APPROPRIATE FOR THE PROPERTY TO CARRY OUT THE PLAN. 377169 EASEMENT MONITORING: DESIGNED TO PROTECT SIGNIFICANT RESOURCES IN PERPETUITY FROM UNSYMPATHETIC OR INAPPROPRIATE EXTERIOR OR INTERIOR ALTERATIONS, NEGLECT, OR DEMOLITION BY MEANS OF PRESERVATION RESTRICTION AGREEMENTS. 36969 KITTREDGE LLC MORTGAGE REPLACEMENT LOAN 486608 486608 569874 800022 140817 1510713 0 0 1510713 22661 1488052 74403 X 114743 486608 1379873 1981224 1984-06-24 X 74403 0 0 0 74403 63243 0 0 0 63243 1981224 478570 749763 1024791 4234348 0 0 0 0 0 1981224 478570 749763 1024791 4234348 0 0 49602 52661 40827 52675 195765 0 0 0 0 X 0 0 14 12930 531110 -22069 160000 -35122 16 381673 01 256453 RECOVERY OF DUE FROM AFFILIATES 01 65545 MISCELLANEOUS REVENUE 1116 -57191 716601 1116 660526 11B MISCELLANEOUS INCOME REPRESENTS INCOME EARNED IN CARRYING OUT HBI'S MISSION AND EXEMPT PURPOSE. 0 0 0 0 0 0 0 0 0 0 X X 1 RAI FAMILY ENTERPRISES DBA COMFORT KITCHEN 15 FAULKNER STREET APT 1 BOSTON MA 02122 436100 X 2 MR & MRS AMOS B HOSTETTER R TRUST PILOT HOUSE ASSOCIATES LLC 2 ATLANT BOSTON MA 02110 233372 X 3 THE 1772 FOUNDATION PO BOX 112 POMFRET CENTER CT 06259 50000 X 4 GEORGE B HENDERSON FOUNDATION 75 STATE STREET 16TH FLOOR BOSTON MA 02109 99850 X ACCOUNTING SERVICES 152828 0 152828 0 ACCOUNTING FEES 71749 71749 71749 0 ACCOUNTING FEES 662 662 662 0 ACCOUNTING FEES 3950 3950 3950 0 ROZZIE SUBSTATION LLC 65 WAGON ROAD WESTWOOD MA 02098 2015-12-31 175000 HBI PERFORMED DEVELOPMENT SERVICES IN EXCHANGE FOR A 1% OWNERSHIP INTEREST IN ROZZIE SUBSTATION, LLC. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT OF DEVELOPMENT SERVICES IS TO RESTORE AND PRESERVE AN AT-RISK HISTORIC PROPERTY. 175000 NONE NOTED OPERATING AGREEMENT DATED 5/30/15 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT REFLECTS PERFORMANCE OF DEVELOPMENT SERVICES, THUS, NO CASH WAS RECEIVED BY THE GRANTEE. THE DEVELOPMENT SERVICES WERE RENDERED IN CONNECTION WITH THE PURPOSE OF THE PROGRAM RELATED INVESTMENT, AS NOTED ABOVE.2. HBI ENTERTED INTO AN OPERATING AGREEMENT, WHEREBY THE TERMS OF THE AGREEMENT OUTLINE THE NATURE OF THE DEVELOPMENT SERVICES AND THE REQUIRED USE OF THE PROJECT. PER REVIEW OF THE TAX FILINGS, INCLUDING HBI'S K-1, HBI WAS ABLE TO CONCLUDE THAT THE INVESTMENT WAS USED TO FUND THE PURCHASE AND CONSTRUCTION OF REAL PROPERTY, WHICH IS IN LINE WITH THE INTENDED USE OF THE FUNDS.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR.4. THE DEVELOPMENT SERVICES RENDERED DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. FOWLER CLARK FARM LLC 3 SCHOOL STREET BOSTON MA 02108 2017-12-31 1245000 HBI PROVIDED A BRIDGE LOAN TO FOWLER CLARK FARM LLC FOR FINANCING, OF WHICH $354,481 INCLUDING ACCRUED INTEREST, WAS OUTSTANDING AS OF 12/31/22. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT IS TO RESTORE AND PRESERVE AN AT-RISK HISTORIC PROPERTY. 354481 NONE NOTED PROMISSORY NOTE AGREEMENT DATED 12/28/17 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT WAS USED FOR THE REHABILITATION OF THE HISTORIC PROPERTY, WHICH IS PURPOSE OF THE GRANT.2. HBI ENTERED INTO AN OPERATING AGREEMENT, WHEREBY THE TERMS OF THE AGREEMENT OUTLINE THE NATURE OF THE REHABILITATION PROJECT. HBI RECEIVES INTERNAL FINANCIAL STATEMENTS AND TAX FILINGS ANNUALLY.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR. THE BOOKS AND RECORDS OF FOWLER CLARK FARM LLC WERE AUDITED BY AN INDEPENDENT AUDITOR AND INCLUDED IN HBI'S FINANCIAL STATEMENTS AND THUS, HBI IS REASONABLY ASSURED THE MONIES WERE USED FOR ITS INTENDED PURPOSE.4. THE EXPENDITURES MADE WITH THIS FUNDING DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. FOWLER CLARK FARM MM LLC 3 SCHOOL STREET BOSTON MA 02108 2017-12-31 1965464 HBI PROVIDED A CAPITAL CONTRIBUTION TO FOWLER CLARK FARM MM LLC IN THE AMOUNT OF $1,965,464. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT IS TO RESTORE AND PRESERVE AN AT-RISK HISTORIC PROPERTY. 1965464 NONE NOTED OPERATING AGREEMENT DATED 12/19/17 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT WAS USED FOR THE REHABILITATION OF THE HISTORIC PROPERTY, WHICH IS PURPOSE OF THE GRANT.2. HBI ENTERED INTO AN OPERATING AGREEMENT, WHEREBY THE TERMS OF THE AGREEMENT OUTLINE THE NATURE OF THE REHABILITATION PROJECT. HBI RECEIVES INTERNAL FINANCIAL STATEMENTS AND TAX FILINGS ANNUALLY.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR. THE BOOKS AND RECORDS OF FOWLER CLARK FARM MM LLC WERE AUDITED BY AN INDEPENDENT AUDITOR AND INCLUDED IN HBI'S FINANCIAL STATEMENTS AND THUS, HBI IS REASONABLY ASSURED THE MONIES WERE USED FOR ITS INTENDED PURPOSE.4. THE EXPENDITURES MADE WITH THIS FUNDING DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. KITTREDGE LLC 3 SCHOOL STREET BOSTON MA 02108 2022-01-31 486608 HBI PROVIDED A LOAN TO KITTREDGE LLC TO PAY OFF ITS EXISTING LOAN WITH A BANK WHICH WAS DUE. THE LOAN'S OUTSTANDING BALANCE AT 12/31/22 WAS $486,608. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT IS TO RESTORE AND PRESERVE A HISTORIC PROPERTY. 486608 NONE NOTED 12/31/22 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT WAS USED TO PAY OFF THE PERMANENT LOAN ON KITTREDGE LLC'S PROPERTY.2. HBI RECEIVED BACK UP DOCUMENTATION FOR THE LOAN PAYOFF. HBI RECEIVES INTERNAL FINANCIAL STATEMENTS AND TAX FILINGS ANNUALLY.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR. THE BOOKS AND RECORDS OF KITTREDGE LLC WERE AUDITED BY AN INDEPENDENT AUDITOR AND INCLUDED IN HBI'S FINANCIAL STATEMENTS AND THUS, HBI IS REASONABLY ASSURED THE MONIES WERE USED FOR ITS INTENDED PURPOSE.4. THE EXPENDITURES MADE WITH THIS FUNDING DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. BONDS 218721 218721 EQUITIES 259318 259318 LAND 212688 0 212688 212688 BUILDINGS AND IMPROVEMENTS 5998633 2619402 3379231 5998633 PROJECTS UNDER DEVELOPMENT 1764208 0 1764208 1764208 FURNITURE AND EQUIPMENT 150632 121260 29372 150632 LEGAL FEES 15257 0 15257 0 LEGAL FEES 6443 6443 6443 0 LEGAL FEES 1088 1088 1088 0 DEFERRED LEASING COSTS, NET 26955 36474 36474 DUE FROM AFFILIATES 457642 666866 666866 INVESTMENT IN AFFILIATE 1471604 991055 991055 SECURITY DEPOSITS 90235 91820 91820 PROJECT MANAGEMENT FEE RECEIVABLE, NET 902473 902473 902473 DEFERED RENT RECEIVABLE 278627 353797 353797 RIGHT OF USE ASSET 240633 240633 UNREALIZED LOSS ON INVESTMENTS 285885 PROVISION FOR ALLOWANCE ON NOTES RECEIVABLE 480544 ADOPTION OF NEW LEASE STANDARD 160421 IMPAIRMENT LOSS - PROPERTY & EQUIPMENT 833948 PROGRAM ACTIVITIES 37003 0 37003 0 MISCELLANEOUS 8158 0 3449 4709 OFFICE EQUIPMENT AND SUPPLIES 20688 0 6574 14114 COMMUNICATIONS 22236 0 19607 2629 COMMUNICATIONS 2910 2910 2910 0 OFFICE EQUIPMENT AND SUPPLIES 5809 5809 5809 0 BAD DEBT 115000 115000 115000 0 OFFICE EQUIPMENT AND SUPPLIES 80 80 80 0 OFFICE EQUIPMENT AND SUPPLIES 481 481 481 0 AMORTIZATION 7993 7993 7993 0 RECOVERY OF DUE FROM AFFILIATES 65545 65545 MISCELLANEOUS REVENUE 1116 1116 SECURITY DEPOSITS 90235 78618 LINE OF CREDIT 830000 1096860 OPERATING LEASE LIABILITY 0 414422 PAYROLL SERVICE FEES 3684 0 3684 0 OTHER FEES 51941 0 51941 0 INVESTMENT FEES 4642 0 4642 0 PROPERTY MANAGEMENT FEES 2995 2995 2995 0 PROPERTY MANAGEMENT FEES 1075 1075 1075 0 PROPERTY MANAGEMENT FEES 2400 2400 2400 0 PAYROLL TAXES 18409 0 13339 5070 PAYROLL TAXES 8011 8011 8011 0 REAL ESTATE TAXES 199639 199639 199639 0 REAL ESTATE TAXES 4591 4591 4591 0 PAYROLL TAXES 81 81 81 0 REAL ESTATE TAXES 634 634 634 0 PAYROLL TAXES 482 482 482 0