2021-11-10T08:47:01-06:00 2020-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-01-01 043246555 BLUEHUB CAPITAL INC BLUE 6174278600 10 MALCOLM X BOULEVARD GROUND FLOO BOSTON MA 02119 LISA ZAPPALA CHIEF FINANCIAL OFFICER 6174278600 2021-11-09 1 LISA ZAPPALA XXX-XX-XXXX THOMAS WASHBURN CPA P00537319 5083669100 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISA ZAPPALA 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 2123064 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 5 0 0 84575 116428 3176730 1853910 63431 152726 0 0 3324736 2123064 0 0 0 0 521623 571542 0 0 69952 520865 1490333 1042488 2061875 2282248 61189 20026527 21969549 8851091 10732924 11175436 11236625 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 465445 500060 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. 1163493 1353850 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. 1628938 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 0 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 3.00 X X 0 0 0 MICHELLE VOLPE PRESIDENT, LOAN FUND & EX- 0.00 40.00 X X 0 318313 82705 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 4.00 36.00 X X 36596 329367 89828 REVEREND JAMES WALSH SJ CLERK OF THE BOARD 1.00 3.00 X X 0 0 0 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 3.00 X X 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 10.00 30.00 X X 194283 582839 126492 EDWARD DUGGER III BOARD MEMBER 1.00 3.00 X 0 0 0 JULIE GOULD BOARD MEMBER 1.00 3.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 3.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 3.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 3.00 X 0 0 0 REESE FAYDE BOARD MEMBER 1.00 3.00 X 0 0 0 LISA ZAPPALA CFO 14.00 26.00 X 106090 197024 68566 E MATTHEW GAUTIERI CONTROLLER 12.00 28.00 X 70015 163369 30113 ANDREW KOH SVP, OPERATIONS 40.00 0.00 X 203716 0 36860 CATHERINE DUN RAPPAPORT VP, LEARNING & IMPACT MEAS 8.00 32.00 X 34166 136664 35413 MICHAEL NILLES SVP, TEAM LEADER 0.00 40.00 X 0 213536 37886 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0.00 40.00 X 0 201360 37030 644866 2142472 544893 2 0 1 0 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 AUDIT AND TAX SERVICES 119648 TECHNICAL SUPPORT INTERNATIONAL INC 10 MECHANIC STREET FOXBOROUGH MA 02035 IT NETWORK SUPPORT 111564 2 116428 116428 PROGRAM REVENUE & FEES 900099 1853910 1853910 1853910 152726 152726 2123064 1853910 0 152726 277718 166634 108308 2776 42542 41831 428 283 208658 204169 4356 133 25063 12157 12546 360 17561 10597 6772 192 1113203 1113203 75343 250 73028 2065 61691 61691 95864 8002 86721 1141 572 572 131159 59022 70826 1311 2501 2501 FINANCING FEES 10000 10000 2061875 1628938 362985 69952 11044100 11779941 451136 447002 9696 6731 145568 190752 1409892 942122 583830 467770 800000 800000 6992197 8277353 20026527 21969549 956319 1184005 4884029 3845967 3010743 5702952 8851091 10732924 X 10698905 10760094 476531 476531 11175436 11236625 20026527 21969549 61189 0 X X 0 1 X 1 1 1 X 73535 87144 65161 84575 116428 426843 2634068 4573294 2333722 3176730 1853910 14571724 2707603 4660438 2398883 3261305 1970338 14998567 10820 21545 21545 21545 21604 97059 884361 1200894 1197869 1721612 1001979 6006715 895181 1222439 1219414 1743157 1023583 6103774 8894793 20435 18106 6159 63431 152726 260857 20435 18106 6159 63431 152726 260857 455133 365053 820186 3183171 5043597 2405042 3324736 2123064 16079610 0.55320 0.53950 0.01620 0.00730 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LOAN LOSS RECOVERIES - 2016 AMOUNT: $ 455,133. 2017 AMOUNT: $ 365,053. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1197777 736199 461578 212115 205923 6192 467770 ESCROW FUNDS 3845967 DUE FROM AFFILIATE 1922757 RIGHT OF USE LEASE ASSET 1443348 RESTRICTED DEPOSITS 1065281 8277353 DUE TO AFFILIATE 4259604 LEASE OBLIGATION 1443348 5702952 X 2123064 0 2123064 0 2123064 2061875 0 2061875 0 2061875 PART IV, LINE 2B: BLUEHUB CAPITAL AND NSP HELD A CASH BALANCE OF $3,845,967 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/20, OF WHICH $3,845,967 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, 2020. X X X X 0 1 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 114283 342839 80000 240000 0 0 27945 89155 2348 7044 224576 679038 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 29396 264567 7200 64800 0 0 13545 53555 2273 20455 52414 403377 0 0 MICHELLE VOLPE PRESIDENT, LOAN FUND & EX- 0 223313 0 95000 0 0 11835 54001 0 16869 11835 389183 0 0 LISA ZAPPALA CFO 81590 151524 24500 45500 0 0 17489 48665 844 1568 124423 247257 0 0 E MATTHEW GAUTIERI CONTROLLER 61015 142369 9000 21000 0 0 4022 9385 5012 11694 79049 184448 0 0 MICHAEL NILLES SVP, TEAM LEADER 0 193536 0 20000 0 0 0 12896 0 24990 0 251422 0 0 ANDREW KOH SVP, OPERATIONS 178716 0 25000 0 0 0 11906 0 24954 0 240576 0 0 0 KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0 181360 0 20000 0 0 0 12295 0 24735 0 238390 0 0 CATHERINE DUN RAPPAPORT VP, LEARNING & IMPACT MEAS 30866 123464 3300 13200 0 0 2161 8645 4921 19686 41248 164995 0 0 PART I, LINE 4B ELYSE CHERRY, CEO, $100,000 FROM 457F PLAN. DEWITT JONES, EXECUTIVE VP, $50,000 FROM 457F PLAN. MICHELLE VOLPE, SENIOR VP, $50,000 FROM 457F PLAN. LISA ZAPPALA, CFO, $50,000 FROM 457F PLAN. 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 1418318 8201426 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 3 9 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 3 PF BLUEHUB CAPITAL INC 1 BLUEHUB LOAN FUND INC 10 MALCOLM X BOULEVARD BOSTON MA 02119 222593378 COMMUNITY LENDING MA 3 9 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 XVI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452562908 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 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 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 1201175 2526193 1.00000 1 BCC NMTC CDE XX LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572075 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A C 0 BCC NMTC CDE XXI LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572240 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A C 0 BCC NMTC CDE XXIII LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 452572463 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS 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 3573785 CONTRACT TERMS BLUEHUB LOAN FUND INC N 418882 CONTRACT TERMS BCLF MANAGED ASSETS O 668210 CONTRACT TERMS BCLF VENTURES INC O 55780 CONTRACT TERMS