2025-05-01T08:22:36-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-07-01 042759909 MASSACHUSETTS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATION MASS 6174260303 44 SCHOOL STREET 800 BOSTON MA 02108 EMILY HABER PRESIDENT/CEO 6174260303 2025-04-30 1 1 JOLANTA TUCK P01340068 7813803520 2025-04-29 2023 2025-03-06 01:10:19Z EMILY HABER 44 SCHOOL STREET 800 BOSTON MA 02108 1882740 0 X MACDC.ORG X 1982 MA SUPPORTING COMMUNITY BASED EFFORTS TO BUILD VIBRANT PLACES THAT PROVIDE ECONOMIC OPPORTUNITY. 14 14 17 17 0 0 1740094 1638052 173175 132463 0 7524 243096 104701 2156365 1882740 0 0 0 0 1025269 955613 0 0 0 1052441 935726 2077710 1891339 78655 -8599 1682212 1483352 842280 648666 839932 834686 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 709641 132463 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. 368769 4701 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. 279735 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. 226600 THE HEALTH EQUITY PROGRAM PROVIDES TECHNICAL ASSISTANCE TO SUPPORT OUR MEMBERS' ENGAGEMENT IN HEALTH-RELATED PROGRAMMING. OUR MEMBERS LEARN FROM ONE ANOTHER IN THE CONTEXT OF OUR HEALTH EQUITY COMMITTEE WHICH MEETS EVERY OTHER MONTH TO DISCUSS TOPICS SUCH AS CLIMATE CHANGE AND HEALTH, HEALTH FOUNDATION PARTNERSHIPS, AND RACISM AND PUBLIC HEALTH, AMONG OTHERS. IN 2021, WE LAUNCHED A RACIAL EQUITY AND HEALTH BOOK GROUP. MACDC ADDITIONALLY DISTRIBUTES A "HEALTH EQUITY UPDATE" TO KEEP OUR MEMBERS INFORMED OF FUNDING OPPORTUNITIES, NEW RESOURCES, AND PROGRAM UPDATES. 226600 1584745 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 ANGIE LIOU DIRECTOR 2.00 X 0 0 0 COLLEEN LOVELESS DIRECTOR 1.00 X 0 0 0 DAVID CHRISTOPOLIS DIRECTOR 1.00 X 0 0 0 EMILIO DORCELY CHAIR 2.00 X X 0 0 0 GAIL LATIMORE DIRECTOR 1.00 X 0 0 0 GONZALO PUIGBO TREASURER 2.00 X X 0 0 0 JAY COBURN DIRECTOR 1.00 X 0 0 0 KIMBERLY LYLE VICE CHAIR 2.00 X X 0 0 0 LESLIE REID OUTGOING-DIRECTOR 1.00 X 0 0 0 MARC DOHAN DIRECTOR 1.00 X 0 0 0 MICKEY NORTHCUTT OUTGOING-DIRECTOR 1.00 X 0 0 0 RAFAEL MARES CLERK 2.00 X X 0 0 0 ROBERT CORLEY DIRECTOR 1.00 X 0 0 0 SUNEETH JOHN DIRECTOR 1.00 X 0 0 0 TERONDA ELLIS DIRECTOR 1.00 X 0 0 0 VANESSA CALDERON-ROSADO DIRECTOR 1.00 X 0 0 0 YUN-JU CHOI OUTGOING-DIRECTOR 1.00 X 0 0 0 EMILY HABER PRESIDENT/CEO 37.50 X 55518 0 7365 DONALD BIANCHI DIRECTOR OF HOUSING 37.50 X 105519 0 25218 SHIRRONDA ALMEIDA DIRECTOR OF MEL KING INSTI 37.50 X 117470 0 25275 278507 0 57858 2 0 0 0 CLIFTON LARSON ALLEN LLP 220 SOUTH SIXTH STREET STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 120509 INTERIM EXECUTIVE SOLUTIONS 1188 BEACON STREET UNIT B NEWTON MA 02461 INTERIM CEO SERVICE FEES 117000 2 276252 157737 560000 644063 1638052 MEL KING INSTITUTE 611710 132463 132463 132463 7524 7524 100000 100000 4701 4701 4701 1882740 137164 0 107524 172856 52391 120465 612457 551982 60475 25420 18953 6467 85443 74637 10806 59437 48170 11267 147934 124216 23718 52484 52484 1477 1477 136489 127379 9110 42656 32171 10485 77748 54733 23015 134184 111049 23135 31396 25222 6174 PROGRAM EXPENSE 311358 311358 1891339 1584745 306594 0 122928 174460 219338 369879 491916 234500 32501 18434 178366 120989 66678 57377 141170 139647 597492 478816 10189 10239 1682212 1483352 237389 139398 25000 604891 484268 842280 648666 X 645338 771459 194594 63227 839932 834686 1682212 1483352 -8599 3353 0 X 0 1 X 1 0 X 1292918 1483569 1568297 1740094 1638052 7722930 1292918 1483569 1568297 1740094 1638052 7722930 146769 7576161 2320 81458 90947 124324 107524 406573 29056 51861 80917 3500 10852 38695 118772 4701 176520 8386940 921572 0.90330 0.89420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 3,500. 2020 AMOUNT: $ 10,852. 2021 AMOUNT: $ 38,695. 2022 AMOUNT: $ 118,772. 2023 AMOUNT: $ 4,701. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18000 34484 52484 1838855 1891339 244567 61142 0 0 233071 242334 253886 244567 973858 1460787 57009 62169 38761 52484 210423 58268 60584 63472 61142 243466 365199 23620 24611 2800 18000 69031 104742 70450 34292 73624 50539 23085 57377 OPERATING LEASE LIABILITY 484268 484268 X 1884616 3353 3353 1881263 1477 1477 1882740 1889862 0 1889862 1477 1477 1891339 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, 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, FISCAL YEARS SINCE 2021 REMAIN OPEN. 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.