2022-11-15T08:14:37-06:00 2021-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-01-01 043246555 BLUEHUB CAPITAL INC BLUE 6174278600 10 MALCOLM X BOULEVARD GROUND FLOO BOSTON MA 02119 LISA ZAPPALA CHIEF FINANCIAL OFFICER 6174278600 2022-11-08 1 LISA ZAPPALA XXX-XX-XXXX MATTHEW MCGINNIS CPA P01585083 5083669100 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LISA ZAPPALA 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 2089518 0 X HTTPS://BLUEHUBCAPITAL.ORG X 1994 MA TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES. 12 9 50 9 0 0 116428 82475 1853910 1969454 152726 37589 0 0 2123064 2089518 0 0 0 0 571542 553256 0 0 105504 1490333 1666059 2061875 2219315 61189 -129797 21969549 18553228 10732924 7446400 11236625 11106828 TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES. 0 0 301777 500113 BLUEHUB CAPITAL WAS FORMED AS A HOLDING COMPANY THAT OVERSEES ADMINISTRATION, FINANCE, HUMAN RESOURCES, AND INVESTOR RELATIONS FOR THE ORGANIZATION AND ITS AFFILIATES. THE HOLDING COMPANY HAS ACTED AS DEVELOPER FOR ALL SOLAR ENERGY PROJECTS OWNED AND OPERATED TO DATE BY SOLAR ENERGY ADVANTAGE, INC., A CORPORATION WHICH IT OWNS 100% (SEE SCHEDULE R) AND HAS EARNED DEVELOPER FEES FOR THESE SERVICES. THESE DEVELOPER FEES FOR ALL FUTURE PROJECTS ARE NOW EARNED BY SOLAR ENERGY ADVANTAGE INC. DIRECTLY AND WILL NO LONGER BE INCLUDED ON SCHEDULE R. 1254859 1469341 NSP RESIDENTIAL, LLC (NSP) WAS FORMED TO COMBAT COMMUNITY DETERIORATION AND IMPROVE GENERAL CONDITIONS WHERE LOW-INCOME PEOPLE LIVE AND WORK. NSP PURCHASES RESIDENTIAL PROPERTIES AND REHABILITATES THEM TO RENT OR SELL TO LOW-INCOME INDIVIDUALS. 1556636 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X E MATTHEW GAUTIERI CONTROLLER 6174278600 10 MALCOLM X BLVD GROUND FLOOR BOSTON MA 02119 SARAH C LINCOLN TREASURER OF THE BOARD 1.00 4.00 X X 0 0 0 MICHELLE VOLPE SCH J PAGE 33 PRESIDENT, LOAN FUND & EX- 0.00 40.00 X X 0 433615 84751 DEWITT JONES SCH J PAGE 33 EXECUTIVE VP & EX-OFFICIO 4.00 36.00 X X 49936 449419 92667 REVEREND JAMES WALSH SJ CLERK OF THE BOARD 1.00 4.00 X X 0 0 0 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 4.00 X X 0 0 0 ELYSE CHERRY SCH J PAGE 33 CEO & EX-OFFICIO BOARD 6.00 34.00 X X 149095 844875 127740 EDWARD DUGGER III BOARD MEMBER 1.00 4.00 X 0 0 0 JULIE GOULD BOARD MEMBER 1.00 4.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 4.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 4.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 4.00 X 0 0 0 REESE FAYDE BOARD MEMBER 1.00 4.00 X 0 0 0 LISA ZAPPALA SCH J PAGE 34 CFO 12.00 28.00 X 128806 300548 69219 E MATTHEW GAUTIERI SVP, CONTROLLER 12.00 28.00 X 68446 159708 51743 ANDREW KOH SVP, OPERATIONS 40.00 0.00 X 204285 0 59522 SARAH KITTERMAN SVP, COMMERCIAL LENDING 0.00 40.00 X 0 215880 15865 MICHAEL NILLES SVP, TEAM LEADER 0.00 40.00 X 0 212534 41077 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0.00 40.00 X 0 207759 40366 600568 2824338 582950 4 0 1 0 TECHNICAL SUPPORT INTERNATIONAL INC 10 MECHANIC STREET FOXBOROUGH MA 02035 IT NETWORK SUPPORT 230028 OPUS DESIGN 358 CHESTNUT HILL AVE BRIGHTON MA 02135 MARKETING WEB DESIGN 170875 CRAFTSMAN TECHNOLOGY GROUP 186 LINCOLN STREET SUITE 500 BOSTON MA 02111 IT NETWORK SUPPORT 124693 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 AUDIT AND TAX SERVICES 114100 4 82475 20293 82475 PROGRAM REVENUE & FEES 900099 1969454 1969454 1969454 37589 37589 2089518 1969454 0 37589 296150 225816 68158 2176 167083 26703 136747 3633 26874 26538 336 37185 12118 24383 684 25964 12446 13146 372 1186688 1186688 129645 126080 3565 91999 91999 110334 108733 1601 147393 66327 79592 1474 2219315 1556636 557175 105504 11779941 10873923 447002 451229 6731 190752 215887 1525644 1089515 467770 436129 800000 800000 8277353 5776060 21969549 18553228 1184005 1980058 3845967 3175775 1259604 5702952 1030963 10732924 7446400 X 10760094 10630297 476531 476531 11236625 11106828 21969549 18553228 -129797 0 X X 0 1 X 1 1 1 X 87144 65161 84575 116428 82475 435783 4573294 2333722 3176730 1853910 1969454 13907110 4660438 2398883 3261305 1970338 2051929 14342893 21545 21545 21545 21604 86239 1200894 1197869 1721612 1001979 1087663 6210017 1222439 1219414 1743157 1023583 1087663 6296256 8046637 18106 6159 63431 152726 37589 278011 18106 6159 63431 152726 37589 278011 365053 365053 5043597 2405042 3324736 2123064 2089518 14985957 0.53690 0.55320 0.01860 0.01620 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LOAN LOSS RECOVERIES - 2017 AMOUNT: $ 365,053. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1197777 851644 346133 327867 237871 89996 436129 ESCROW FUNDS 3175775 DUE FROM AFFILIATE 199288 RIGHT OF USE LEASE ASSET 1030963 RESTRICTED DEPOSITS 1370034 5776060 LEASE OBLIGATION 1030963 1030963 X PART IV, LINE 2B: BLUEHUB CAPITAL AND NSP HELD A CASH BALANCE OF $3,175,775 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/21, OF WHICH $3,175,775 IS RESERVE MONEY HELD BY BLUEHUB CAPITAL FOR FEDERAL RESERVE BANK OF BOSTON. PART X, LINE 2: THE CORPORATION AND ITS OPERATING AFFILIATES ACCOUNT 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 CORPORATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021. THE CORPORATION DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE-MONTHS. X X X X 0 1 0 0 0 0 0 0 0 ELYSE CHERRY SCH J PAGE 33 CEO & EX-OFFICIO BOARD 71551 405456 40500 229500 37044 209919 26280 91120 1551 8789 176926 944784 31560 101773 DEWITT JONES SCH J PAGE 33 EXECUTIVE VP & EX-OFFICIO 28903 260122 6500 58500 14533 130797 13575 53825 2527 22740 66038 525984 15780 50887 MICHELLE VOLPE SCH J PAGE 33 PRESIDENT, LOAN FUND & EX- 0 221236 0 80000 0 132379 11835 54485 0 18431 11835 506531 15780 50887 LISA ZAPPALA SCH J PAGE 34 CFO 69162 161379 18000 42000 41644 97169 16821 49799 780 1819 146407 352166 15780 50887 E MATTHEW GAUTIERI SVP, CONTROLLER 60346 140808 8100 18900 0 0 9990 23310 5533 12910 83969 195928 0 0 ANDREW KOH SVP, OPERATIONS 179285 0 25000 0 0 0 31830 0 27692 0 263807 0 0 0 MICHAEL NILLES SVP, TEAM LEADER 0 192534 0 20000 0 0 0 13350 0 27727 0 253611 0 0 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0 182759 0 25000 0 0 0 12870 0 27496 0 248125 0 0 SARAH KITTERMAN SVP, COMMERCIAL LENDING 0 190880 0 25000 0 0 0 14370 0 1495 0 231745 0 0 PART I, LINE 4B ELYSE CHERRY, CEO, 457F PLAN. DEWITT JONES, EXECUTIVE VP, 457F PLAN. MICHELLE VOLPE, SENIOR VP, 457F PLAN. LISA ZAPPALA, CFO, 457F PLAN. SCHEDULE J, PART II ELYSE CHERRY, INCLUDED IN PART II, COLUMN B (III) IS A $200,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $133,333. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $988,377. DEWITT JONES, INCLUDED IN PART II, COLUMN B (III) IS A $100,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $66,667. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $525,355. MICHELLE VOLPE, INCLUDED IN PART II, COLUMN B (III) IS A $100,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $66,667. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $451,699. LISA ZAPPALA, INCLUDED IN PART II, COLUMN B (III) IS A $100,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $66,667. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $431,906. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, CONTROLLER, AND FINANCE COMMITTEE 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 ORGANIZATION'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 ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS AND CFO ARE RESPONSIBLE FOR THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. NSP RESIDENTIAL LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 263638703 TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. MA 1496019 8378793 BLUEHUB CAPITAL INC BCC SEA INVESTMENT FUND MANAGER LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 275485348 TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. MA 0 0 BLUEHUB CAPITAL INC BCLF VENTURES INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 043246552 COMMUNITY VENTURE CAPITAL MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 1 BCLF MANAGED ASSETS CORP 10 MALCOLM X BOULEVARD BOSTON MA 02119 043246547 DEVELOPS NEW BUSINESS INITIATIVES AND FUNDING VEHICLES FOR LOW INCOME MA 501(C)(3) PF BLUEHUB CAPITAL INC 1 BLUEHUB LOAN FUND INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 222593378 COMMUNITY LENDING MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 1 ONE PERCENT FOR AMERICA INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 862813192 COMMUNITY LENDING MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 1 BCLF VENTURES II LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 043541544 TO MAKE INVESTMENTS IN BUSINESS THAT BENEFIT LOW-INCOME PEOPLE AND COMM. MA N/A 0 0 SUN INITIATIVE FINANCING LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 271367185 TO FINANCE THE OPERATIONS OF THE STABILIZING URBAN NEIGHBORHOODS INITIATIVE MA NSP RESIDENTIAL LLC RELATED 0 1 0.50000 BCC NMTC CDE XXIII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572463 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXIV LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472160326 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXVI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472166990 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXVIII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472180069 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXIX LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472180884 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472194680 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572349 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472203495 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472203766 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXIV LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 820956337 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC SOLAR ENERGY ADVANTAGE INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 262877536 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA BLUEHUB CAPITAL INC C 1.00000 1 BCC NMTC CDE XXV LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472160720 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA N/A C 0 BCC NMTC CDE XXVII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 472167286 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 BLUEHUB LOAN FUND INC O 3883631 CONTRACT TERMS BLUEHUB LOAN FUND INC N 392452 CONTRACT TERMS BCLF MANAGED ASSETS O 733873 CONTRACT TERMS BCLF VENTURES INC O 60946 CONTRACT TERMS ONE PERCENT FOR AMERICA INC O 429268 CONTRACT TERMS BCLF MANAGED ASSETS N 71558 CONTRACT TERMS