2021-08-02T11:44:59-05:00 2020-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2020-01-01 042313571 HARBORLIGHT COMMUNITY PARTNERS INC HARB 9782221305 PO BOX 507 BEVERLY MA 019154566 ANDREW DEFRANZA EXECUTIVE DIRECTOR 9789221305 2021-07-29 1 ANDREW DEFRANZA XXX-XX-XXXX EDWARD MCNEIL P00090108 6176481400 2021-07-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANDREW DEFRANZA PO BOX 507 BEVERLY MA 019154566 4101535 0 X HARBORLIGHTCP.ORG X 1964 MA HARBORLIGHT COMMUNITY PARTNERS PROVIDES AFFORDABLE HOUSING WITH SERVICES PRIMARILY FOR LOW AND MODERATE INCOME POPLE IN SOURTHERN ESSEX COUNTY, IN ADDITION, IT PROVIDES PROVIDES PROPERTY MANAGEMENT AND OTHER SERVICES TO NON-PROFIT ORGANIZATIONS. 19 19 34 0 0 0 722409 1046246 1634131 2225489 163476 62062 95946 323839 2615962 3657636 0 0 0 0 1215829 1226634 0 0 216568 1202263 1136161 2418092 2362795 197870 1294841 21578465 27502783 14693176 19165063 6885289 8337720 RBORLIGHT COMMUNITY PARTNERS PROVIDES AFFORDABLE HOUSING WITH SERVICES PRIMAILY FOR LOW AND MODERATE INCOME POPLE IN SOURTHERN ESSEX COUNTY, IN ADDITION, IT PROVIDES PROVIDES PROPERTY MANAGEMENT AND OTHER SERVICES TO NON-PROFIT ORGANIZATIONS. 0 0 1954891 2457002 MANAGED AND/OR DEVELOPED AFFORDABLE HOUSING FOR OVER 500 LOW AND MODERATE INCOME PEOPLE IN ESSEX COUNTY. THIS INCLUDES TURTLE CREEK, MODERATE INCOME PEOPLE IN ESSEX COUNTY. THIS INCLUDES TURTLE CREEK, TURTLE WOODS, HARBORLIGHT HOUSE, HEART HOMES, WE CARE ABOUT HOMES, WHIPPLE RIVERVIEW PLACE,COTTON MILL COOP, ROCKPORT HIGH SCHOOL, PIGEON COVE LEDGES, AND FIREHOUSE PLACE. IT ALSO INCLUDED DEVELOPMENT WORK FOR MAPLE WOODS, GRANITE STREET CROSSING, ANCHOR POINT AND BOSTON STREET CROSSING. 1954891 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X TIM DONOVAN 9784737160 PO BOX 507 BEVERLY MA 019154566 ALAN TEMKIN DIRECTOR 1.00 4.00 X 0 0 0 BILL SCANLON DIRECTOR 1.00 4.00 X 0 0 0 CHRISTINE MADORE DIRECTOR 1.00 4.00 X 0 0 0 CYNTHIA NINA-SOTO DIRECTOR 1.00 4.00 X 0 0 0 DANE POESKE DIRECTOR 1.00 4.00 X 0 0 0 DEBRA MALLON DIRECTOR 1.00 4.00 X 0 0 0 DONALD KELLEY OUTGOING DIRECTOR 1.00 4.00 X 0 0 0 JACK ALVES DIRECTOR 1.00 4.00 X 0 0 0 JOHN THOMSON TREASURER 1.00 4.00 X X 0 0 0 KATE DESMOND DIRECTOR 1.00 4.00 X 0 0 0 KEVIN FARRAR DIRECTOR 1.00 4.00 X 0 0 0 KEVIN NOYES DIRECTOR 1.00 4.00 X 0 0 0 KURT JAMES VICE PRESIDENT/CLERK 1.00 4.00 X X 0 0 0 MARVEN HYPPOLITE DIRECTOR 1.00 4.00 X 0 0 0 MICHAEL SCHAAF DIRECTOR 1.00 4.00 X 0 0 0 PAM CONSTANTINE DIRECTOR 1.00 4.00 X 0 0 0 PETER SIMONSEN OUTGOING TREASURER 1.00 4.00 X X 0 0 0 REV KENT HARROP DIRECTOR 1.00 4.00 X 0 0 0 ROBERT GILLIS PRESIDENT 1.00 4.00 X X 0 0 0 STACY RANDELL-SHAHEEN DIRECTOR 1.00 4.00 X 0 0 0 TRACEY ARMSTRONG DIRECTOR 1.00 4.00 X 0 0 0 ANDREW DEFRANZA EXECUTIVE DIRECTOR 40.00 4.00 X 175860 0 30563 TIMOTHY DONOVAN COO 40.00 X 162267 0 28056 KRISTIN CARLSON DIRECTOR REAL ESTATE DEVELOPMENT 32.00 X 102571 0 6976 YVONNE GRAHAM MANAGER OF PROPERTY MANAGEMENT AND COMPLIANCE 1.00 4.00 X 102092 0 4202 542790 0 69797 4 0 1 0 0 40208 12075 993963 4481 1046246 TENANT RENT 531110 951965 951965 MANAGEMENT FEES 541610 595858 595858 DEVELOPER FEES 900099 594898 594898 PROGRAM SERVICE FEE 541900 82768 82768 2225489 80114 80114 43410 0 43410 43410 43410 408263 426315 -18052 -18052 -18052 101146 12075 17584 83562 83562 MISC. REVENUE 900099 196862 196862 NSF AND LATE CHARGES 900099 5 5 196867 3657636 2422356 0 189034 221545 166783 24599 30163 867055 629029 114330 123696 13472 6098 772 6602 39825 36169 2122 1534 84737 67579 4313 12845 64699 64301 49 349 18267 12355 3781 2131 37772 20540 7337 9895 19023 19023 32791 29063 523 3205 31765 31765 120020 116554 428 3038 14351 10550 470 3331 140017 127742 1668 10607 454 56 398 3176 2530 80 566 127908 123362 3552 994 302206 296316 5890 49480 45753 445 3282 REPAIRS & MAINTENANCE 122281 120937 1344 FINANCIAL SERVICES 27152 27152 OTHER EXPENSES 23295 18809 554 3932 BAD DEBT 1004 1004 500 500 2362795 1954891 191336 216568 1207629 2031967 311186 347904 151168 77477 85314 117273 2347643 4893293 19728 33598 20623507 3168022 15242197 17455485 2000062 2174005 78939 71836 134599 299945 21578465 27502783 636830 251281 49478 37189 1422024 12403404 16080835 181440 2795758 14693176 19165063 X 6496193 8066442 389096 271278 6885289 8337720 21578465 27502783 1294841 157590 0 X X 0 1 X 1 1 1 X 1533351 1170645 767236 626653 1147392 5245277 2915025 2403077 2449107 1104276 2225489 11096974 4448376 3573722 3216343 1730929 3372881 16342251 20368 29329 49926 99623 0 20368 29329 49926 99623 16242628 77129 118992 195618 123554 515293 77129 118992 195618 123554 515293 54747 45885 89420 207972 196867 594891 4580252 3738599 3501381 1938901 3693302 17452435 0.93070 0.90350 0.02950 0.06870 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2016 AMOUNT: $ 54,747. 2017 AMOUNT: $ 45,885. 2018 AMOUNT: $ 79,305. 2019 AMOUNT: $ 116,756. TENNANT CHARGES - 2018 AMOUNT: $ 5,300. 2020 AMOUNT: $ 5. MISC - 2018 AMOUNT: $ 4,815. 2019 AMOUNT: $ 91,216. 2020 AMOUNT: $ 196,862. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4661228 4661228 5221248 2093036 3128212 335103 236726 98377 10405928 838260 9567668 17455485 TENANT SECURITY DEPOSITS 34326 HCPI REVOLVING GRANT FUND PAYABLE 150000 DUE TO AFFILIATES 2576786 DEFERRED GROUND LEASE PAYABLE 34646 2795758 X PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF DECEMBER 31, 2020. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. EACH ENTITY'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2017 REMAIN OPEN. DINNER 113221 12075 101146 17584 113221 12075 101146 17584 17584 83562 X X 0 0 0 0 0 0 0 1 0 ANDREW DEFRANZA EXECUTIVE DIRECTOR 172318 0 3542 0 0 0 5525 0 25038 0 206423 0 0 0 TIMOTHY DONOVAN COO 155915 0 6352 0 0 0 4955 0 23101 0 190323 0 0 0 PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENT BONUS PAYMENTS. THERE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S 2020 W-2'S. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE MEMBER OF HARBORLIGHT COMMUNITY PARTNERS, INC.: FIRST BAPTIST CHURCH. THE CHURCH HAS ULTIMATE CONTROL. FORM 990, PART VI, SECTION A, LINE 7A ULTIMATELY ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODY'S DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B ULTIMATELY ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODY'S DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC VERSION OF THE DRAFT FORM 990 IS CIRCULATED TO THE ENTIRE BOARD. BOARD MEMBERS MAY RECEIVE A HARD COPY OF THE DRAFT FORM 990 UPON REQUEST. PRIOR TO FILING ALL COMMENTS ARE ANSWERED AND A VOTE OF APPROVAL IS REQUIRED OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST POLICY MUST BE SIGNED AND SUBMITTED BY DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE CREATED A REVIEW REPORT OF THE EXECUTIVE DIRECTOR'S COMPENSATION. IN ORDER TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR THE EXECUTIVE COMMITTEE USED COMPARABLE DATA AS WELL AS RECEIVING A RECOMMENDATION FROM CHARITY NAVIGATOR. THE EXECUTIVE COMMITTEE THEN MADE A RECOMMENDATION TO THE BOARD AND THE BOARD VOTED ON THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. ANCHOR POINT LLC PO BOX 507 BEVERLY MA 01915 001286667 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 8767 4315473 HCP GRANITE STREET CROSSING LLC PO BOX 507 BEVERLY MA 01915 813037590 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 4 1044148 HCP HARDY STREET LLC PO BOX 507 BEVERLY MA 01915 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 9595 2285247 HCP MAPLE WOODS HOUSING LLC PO BOX 507 BEVERLY MA 01915 001139242 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 14 1317036 HCP PIGEON COVE PO BOX 507 BEVERLY MA 01915 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 347883 4290864 HCP WHIPPLE ANNEX HOUSING LLC PO BOX 507 BEVERLY MA 01915 204496633 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 167226 1826643 HCP FIREHOUSE PLACE INC PO BOX 507 BEVERLY MA 01915 273491241 LOW INCOME HOUSING MA 501(C)(3) LINE 7 FIRST BAPTIST CHURCH IN BEVERLY 0 FIRST BAPTIST CHURCH IN BEVERLY 221 CABOT STREET BEVERLY MA 01915 042253860 CHURCH MA 501(C)(3) LINE 1 N/A 0 HARBORLIGHT NURSERY SCHOOL 221 CABOT STREET BEVERLY MA 01915 042883700 PRE-SCHOOL MA 501(C)(3) LINE 2 FIRST BAPTIST CHURCH IN BEVERLY 0 MARBLEHEAD COMMUNITY HOUSING CORPORATION PO BOX 507 BEVERLY MA 01915 043176887 LOW INCOME ELDERLY HOUSING MA 501(C)(3) LINE 11 FIRST BAPTIST CHURCH IN BEVERLY 0 ROCKPORT AFFORDABLE HOUSING INC PO BOX 507 BEVERLY MA 01915 273491179 LOW INCOME ELDERLY HOUSING MA 501(C)(3) LINE 7 FIRST BAPTIST CHURCH IN BEVERLY 0 TURTLE WOODS CORPORATION 339 ESSEX STREET BEVERLY MA 01915 043183212 LOW INCOME ELDERLY HOUSING MA 501(C)(3) LINE 7 FIRST BAPTIST CHURCH IN BEVERLY 0 TURTLE CREEK HOUSING LLC PO BOX 507 BEVERLY MA 01915 364773123 AFFORDABLE HOUSING MA N/A 0 0 HARBORLIGHT CREEK HOUSING LLC PO BOX 507 BEVERLY MA 01915 474277323 AFFORDABLE HOUSING MA N/A 0 0 BOSTON STREET CROSSING LLC PO BOX 507 BEVERLY MA 01915 814311188 AFFORDABLE HOUSING MA N/A 0 0 TURTLE CREEK HOUSING MM LLC 283 ELLIOTT STREET BEVERLY MA 01915 464088797 AFFORDABLE HOUSING MA HABRORLIGHT COMMUNITY PARTNERS C 0.55000 1 HARBORLIGHT HOUSE MM LLC PO BOX 507 BEVERLY MA 01915 474346546 AFFORDABLE HOUSING MA HABRORLIGHT COMMUNITY PARTNERS C 2921 0.79000 1 BOSTON STREET CROSSING MM LLC PO BOX 507 BEVERLY MA 01915 822482419 AFFORDABLE HOUSING MA HABRORLIGHT COMMUNITY PARTNERS C 6 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1