NECTAR COMMUNITY INVESTMENTS INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NECTAR COMMUNITY INVESTMENTS INC (EIN 04-3571892)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202143199349323299
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T16:09:37-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042917204PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANSTISS & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16 OMNI WAY SUITE 201AddressLine1Txt
CityCHELMSFORDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP018244141ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043571892EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOWELL COMMUNITY LOAN FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOWEBusinessNameControlTxt
Phone9782582772PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 ISLAND STREET SUITE 103AddressLine1Txt
CityLAWRENCECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01840ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREGG DAVISPersonNm
Person TitleINTERIM CEO BEG 7/13PersonTitleTxt
Phone9782582772PhoneNum
Signature2021-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGREGGPersonFirstNm
Person LastDAVISPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRENDAN E TOOLINPreparerPersonNm
PTINP01323447PTIN
Phone9784522500PhoneNum
Preparation2021-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKRISTEN HAROLPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 ISLAND STREET SUITE 103AddressLine1Txt
CityLAWRENCECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01840ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,121,359GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MCCINVEST.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO ADVANCE COMMUNITY REVITALIZATION AND DEVELOPMENT IN THE MERRIMACK VALLEY BY PROVIDING APPROPRIATE LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO LOW AND MODERATE INCOME COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers29TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$2,391,746PYContributionsGrantsAmt
CY Contributions Grants$890,073CYContributionsGrantsAmt
PY Program Service Revenue$179,475PYProgramServiceRevenueAmt
CY Program Service Revenue$231,215CYProgramServiceRevenueAmt
PY Investment Income$1,187PYInvestmentIncomeAmt
CY Investment Income$71CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,572,408PYTotalRevenueAmt
CY Total Revenue$1,121,359CYTotalRevenueAmt
PY Grants And Similar Paid$1,813,145PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$179,847CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$678,775PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$572,912CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$313,112PYOtherExpensesAmt
CY Other Expenses$518,606CYOtherExpensesAmt
PY Total Expenses$2,805,032PYTotalExpensesAmt
CY Total Expenses$1,271,365CYTotalExpensesAmt
PY Revenues Less Expenses-$232,624PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$150,006CYRevenuesLessExpensesAmt
Total Assets BOY$4,519,662TotalAssetsBOYAmt
Total Assets EOY$5,666,466TotalAssetsEOYAmt
Total Liabilities BOY$3,159,135TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,456,456TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,360,527NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,210,010NetAssetsOrFundBalancesEOYAmt
MissionTO ADVANCE COMMUNITY REVITALIZATION AND DEVELOPMENT IN THE MERRIMACK VALLEY BY PROVIDING APPROPRIATE LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO LOW AND MODERATE INCOME COMMUNITIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$871,129ExpenseAmt
Grant$179,847GrantAmt
Revenue$214,683RevenueAmt
DescTO PROVIDE FINANCING AND/OR COLLABORATE WITH EXISTING LOANS TO PROVIDE FIRST OR SUBORDINATE MORTGAGE FINANCING TO CREDIT WORTHY BORROWERS AT A MODEST RATE FOR HOME ACQUISITION, REFINANCING, AND TO AVOID PRIVATE MORTGAGE INSURANCE. THE ORGANIZATION ALSO OFFERS LOANS AT TRADITIONAL FINANCIAL INSTITUTION RATES FOR SMALL BUSINESS STARTUPS, STABALIZATION, EXPANSION, AND JOB CREATION.Desc
Total Program Service Expenses$871,129TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee7EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonVIVIAN HAYDERPersonNm
Phone9782582772PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 ISLAND STREET SUITE 103AddressLine1Txt
CityLAWRENCECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01840ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KRISTEN HAROL
PRESIDENT10.00Yes (X)Yes (X)$0$0$0
LISA KOZOL
V.P. AND TRE5.00Yes (X)Yes (X)$0$0$0
VIVIAN HAYDER
DIRECTOR5.00Yes (X)$0$0$0
YUN-JU CHOI
CLERK5.00Yes (X)Yes (X)$0$0$0
ARLEEN ZORRILA
DIRECTOR5.00Yes (X)$0$0$0
WATURU MATSUYASU
DIRECTOR5.00Yes (X)$0$0$0
ABBOTT LAWRENCE
DIRECTOR5.00Yes (X)$0$0$0
ABEL VARGAS
DIRECTOR5.00Yes (X)$0$0$0
MICHELE WITTS
DIRECTOR5.00Yes (X)$0$0$0
MARIA NATERA
DIRECTOR5.00Yes (X)$0$0$0
LISA TORISSI
DIRECTOR5.00Yes (X)$0$0$0
FRANCISCO CARVALHO
EXEC. DIR. T35.00Yes (X)$77,122$0$0
GREGG DAVIS
INTERIM CEO35.00Yes (X)$111,329$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$188,451TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

ServicesServicesDescCompensationCompensationAmt
AAFCPAS
ACCOUNTING$112,980
GREGG DAVIS
INT CEO BEG 7/1$111,329
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$890,073AllOtherContributionsAmt
Total Contributions$890,073TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST INCOME ON NOTES RECE522298$162,204$162,204
LOAN SERVICE FEES522298$69,011$69,011
FieldValueIRS element (for citing)
Total Program Service Revenue$231,215TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$71TotalRevenueColumnAmt
Exclusion$71ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,121,359TotalRevenueColumnAmt
Related Or Exempt Func Income$231,215RelatedOrExemptFuncIncomeAmt
Exclusion$71ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$179,847TotalAmt
Program Services$179,847ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$59,541TotalAmt
Management And General$59,541ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$388,538TotalAmt
Program Services$336,059ProgramServicesAmt
Management And General$52,479ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$88,253TotalAmt
Program Services$66,190ProgramServicesAmt
Management And General$22,063ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$36,580TotalAmt
Program Services$27,435ProgramServicesAmt
Management And General$9,145ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$11,564TotalAmt
Program Services$8,673ProgramServicesAmt
Management And General$2,891ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$171,565TotalAmt
Management And General$171,565ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$154,804TotalAmt
Program Services$116,103ProgramServicesAmt
Management And General$38,701ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$6,307TotalAmt
Program Services$4,730ProgramServicesAmt
Management And General$1,577ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$85,229TotalAmt
Program Services$63,922ProgramServicesAmt
Management And General$21,307ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$35,104TotalAmt
Program Services$26,328ProgramServicesAmt
Management And General$8,776ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$39,271TotalAmt
Program Services$29,453ProgramServicesAmt
Management And General$9,818ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,388TotalAmt
Program Services$3,291ProgramServicesAmt
Management And General$1,097ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,815TotalAmt
Program Services$2,111ProgramServicesAmt
Management And General$704ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
ALLOWANCE FOR LOAN LOSSES$5,271$5,271
LOAN DOCUMENT FEES$2,288$1,716$572

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,271,365TotalAmt
Program Services$871,129ProgramServicesAmt
Management And General$400,236ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$942,937BOYAmt
EOY$1,286,279EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$109,175BOYAmt
EOY$134,800EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,144,342BOYAmt
EOY$3,947,807EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,916BOYAmt
EOY$10,135EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$36,199LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$28,008LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$12,579BOYAmt
EOY$8,191EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,431BOYAmt
EOY$8,992EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$298,282BOYAmt
EOY$270,262EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,519,662BOYAmt
EOY$5,666,466EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$729,578BOYAmt
EOY$709,977EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$75,036BOYAmt
EOY$60,868EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$2,322,934BOYAmt
EOY$3,644,987EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$31,587BOYAmt
EOY$40,624EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,159,135BOYAmt
EOY$4,456,456EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$758,362BOYAmt
EOY$773,257EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$602,165BOYAmt
EOY$436,753EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,360,527BOYAmt
EOY$1,210,010EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,519,662BOYAmt
EOY$5,666,466EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$150,006ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$511NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$301,436CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$623,094CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,185,189CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,391,746CurrentTaxYearMinus1YearAmt
Current Tax Year$890,073CurrentTaxYearAmt
Total$5,391,538TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$301,436CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$623,094CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,185,189CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,391,746CurrentTaxYearMinus1YearAmt
Current Tax Year$890,073CurrentTaxYearAmt
Total$5,391,538TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$5,391,538PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,647CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,187CurrentTaxYearMinus1YearAmt
Current Tax Year$71CurrentTaxYearAmt
Total$2,986TotalAmt
FieldValueIRS element (for citing)
Total Support$5,394,524TotalSupportAmt
Gross Receipts Rltd Activities$797,979GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99940PublicSupportCY170Pct
Public Support PY1700.99930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$36,199OtherCostOrOtherBasisAmt
Depreciation$28,008DepreciationAmt
Book Value$8,191BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$8,191TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ACCRUED VACATION$23,014
ACCRUED WAGES$17,610
FieldValueIRS element (for citing)
Total Liability$40,624TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,120,848TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$511NetUnrealizedGainsInvstAmt
Revenue Not Reported-$511RevenueNotReportedAmt
Revenue Subtotal$1,121,359RevenueSubtotalAmt
Total Revenue Per Form990$1,121,359TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,271,365TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$1,271,365ExpensesSubtotalAmt
Total Expenses Per Form990$1,271,365TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART IV, LINE 2BTHE ORGANIZATION HOLDS HOME IMPROVEMENT LOAN FUNDS IN ESCROW FOR CLIENTS AND RELEASES THE FUNDS TO THE CONTRACTORS BASED ON AN AGREED UPON DISBURSEMENT SCHEDULE AS THE IMPROVEMENTS ON THEIR HOMES ARE COMPLETED.
SCHEDULE D, PAGE 3, PART XMCCI HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES," REQUIRES MCCI TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT OF MCCI'S FINANCIAL STATEMENTS. MCCI REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF MCCI'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT MCCI IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT- FOR-PROFIT ENTITY.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BTHE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS, REVIEWED, AND APPROVED AT A MEETING OF THE BOARD OF DIRECTORS
FORM 990, PAGE 6, PART VI, LINE 12CTHE POLICY IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND ACKNOWLEDGEMENT WITH WRITTEN ACKNOWLEDGEMENT BY EACH BOARD MEMBER BEING RETAINED.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF DIRECTORS USES THE CDC COMPARISON SURVEY TO SET THE SALARY LEVEL OF THE EXECUTIVE DIRECTOR.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTANTS 110,908 36,969 0 CONTRACTED SERVICES 5,195 1,732 0 TOTAL 116,103 38,701 0

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