2019-06-11T13:40:53-05:00 2018-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990PF 2018-01-01 046111819 HISTORIC BOSTON INCORPORATED HIST 6174421859 20 EUSTIS STREET ROXBURY MA 02119 KATHY KOTTARIDIS EXECUTIVE DIRECTOR 6174421959 2019-06-07 1 SORIE KABA CPA P01317106 5083669100 2019-06-07 64.238.141.162 2019-06-07 14:35:25 ED P F4247996A0DFD92197EA51AEF4558D040C319DAA D0D11AF730C84EA989067D997D1D7D43B936B30F 2018 2019-02-21 02:37:17Z X 15870404 X 1925178 16146 16146 16146 1165238 1165238 1165238 400829 36552 68264 36552 36552 159709 9083 159709 3302823 1227019 1377645 133050 0 98701 34349 241165 29921 178903 62262 18219 510 13495 4724 30469 1400 30469 0 75251 7612 38499 36752 310464 109701 233377 77087 33788 26046 33788 0 240123 220241 234255 5868 92993 92574 92993 332032 193540 314149 17883 12995 0 3770 9225 19614 306 11721 7893 263094 82558 93525 169569 1803257 764409 1377645 425612 0 0 1803257 764409 1377645 425612 1499566 462610 0 679386 1220083 1220083 44145 72987 72987 172114 47900 24969 124214 124214 150000 243333 243333 4556123 2076467 4122439 2479656 2479656 31833 25582 25582 374974 291343 291343 173191 192862 192862 33696 36851 36851 7872022 2631231 1709384 5240791 7872022 3560558 3311471 3311471 10904575 13239173 15870404 164841 341229 2608142 2788428 417582 233396 3190565 3363053 X 7169462 8373651 544548 1502469 7714010 9876120 10904575 13239173 7714010 1499566 755809 9969385 93265 9876120 VARIOUS SALES OF INVESTMENTS P 2017-12-31 2018-12-31 68264 31712 36552 36552 36552 36552 X 1984-06-24 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 MA 1 1 0 1 0 1 WWW.HISTORICBOSTON.ORG KATHY KOTTARIDIS 6174421859 20 EUSTIS STREET ROXBURY MA 02119 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 KATHY KOTTARIDIS 20 EUSTIS STREET ROXBURY MA 02119 EXECUTIVE DIRECTOR 40.00 133050 8781 0 EMILY AXELROD 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 BRIAN AWE 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 BARBARA BOYLAN 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 MARLA CURTIS 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 MICHAEL DURAND 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 MICHAEL FELDMAN 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 CHEISS GARRUS 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 THOMAS GOEMAAT 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 DAVID HACIN 20 EUSTIS STREET ROXBURY MA 02119 CLERK 1.00 0 0 0 FELICIA JACQUES 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 JAMES LABECK 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 DEREK LUMPKINS 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 KATHLEEN MACNEIL 20 EUSTIS STREET ROXBURY MA 02119 PRESIDENT 1.00 0 0 0 PAUL MCDONOUGH 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 HENRY MOSS 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 RICHARD BEAL 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 RUSSELL DEMARTINO 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR 1.00 0 0 0 LISA LEWIS 20 EUSTIS STREET ROXBURY MA 02119 SENIOR PROJECT MANAG 40.00 98071 8604 0 SHAURYA BATRA 20 EUSTIS STREET ROXBURY MA 02119 DIRECTOR OF RE DEVEL 40.00 95196 0 0 0 MJ MAWN INC 595 WASHINGTON STREET EAST WALPOLE MA 02032 CONSTRUCTION 677880 HURST LANDSCAPING INC 24 IDAHO ST MATTAPAN MA 02126 LANDSCAPE CONSTRUCTION 224606 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 ACCOUNTING SERVICES 163735 AAFCPAS 50 WASHINGTON STREET WESTBOROUGH MA 01581 AUDIT/TAX 77977 0 RENTAL: OUR RENTAL PORTFOLIO CONSISTS OF TWO HISTORIC PROPERTIES. THE FIRST IS THE OLD CORNER BOOKSTORE. HBI WAS INCORPORATED IN 1960 TO ACQUIRE AND RESTORE THIS PROPERTY, WHICH IS THE ONLY OFFICIAL FREEDOM TRAIL SITE THAT IS COMPLETELY COMMERCIAL.THE SECOND RENTAL PROPERTY IN HISTORIC BOSTON INCORPORATED'S PORTFOLIO IS THE VERTULLO BUILDING. THIS PROPERTY IS THE OLDEST AND ONLY SURVIVING WOODEN COMMERCIAL BUILDING IN THE CLEARY AND LOGAN SQUARES COMMERCIAL DISTRICT OF HYDE PARK. THIS PROPERTY IS HOME TO FIVE NEW SMALL BUSINESSES AND FOUR UPPER STORY RESIDENTIAL UNITS. 764409 HISTORIC REAL ESTATE PRESERVATION: REPRESENTS HISTORIC BOSTON INCORPORATED'S EFFORTS IN DEVELOPING/REHABILITATING, LENDING TO AND INVESTING IN AT-RISK HISTORIC PROPERTIES.CURRENTLY, HBI IS IN PROCESS OF REHABILITATING FIVE PROPERTIES, WHICH INCLUDE: CEDAR STREET PROPERTY, OWEN NAWN FACTORY, FOX HALL IN UPHAM'S CORNER, UPHAM'S CORNER COMFORT STATION, AND IONIC HALL. 662129 EASEMENT MONITORING: DESIGNED TO PROTECT SIGNIFICANT RESOURCES IN PERPETUITY FROM UNSYMPATHETIC OR INAPPROPRIATE EXTERIOR OR INTERIOR ALTERATIONS, NEGLECT, OR DEMOLITION BY MEANS OF PRESERVATION RESTRICTION AGREEMENTS. 20238 FOWLER CLARK BRIDGE LOAN 529897 529897 574739 702734 260369 1537842 0 0 1537842 23068 1514774 75739 X 425612 529897 1639635 2595144 0 2595144 1984-06-24 X 0 27827 0 61141 88968 0 23653 0 51970 75623 2595144 2470605 497206 547062 6110017 0 0 0 0 0 2595144 2470605 497206 547062 6110017 0 0 50493 55143 27950 40761 174347 0 0 0 0 X 0 0 14 16146 531110 -139099 16 539928 01 36552 01 34160 OTHER INCOME 16528 INTEREST ON LOANS 9083 PROJECT MANAGEMENT FEES 68618 -139099 626786 94229 581916 11A OTHER INCOME REPRESENTS MISCELLANEOUS INCOME EARNED IN CARRYING OUT HBI'S MISSION AND EXEMPT PURPOSE. 11B INTEREST EARNED ON LOANS (PROGRAM RELATED INVESTMENTS) WHICH WERE MADE TO FUND THE RENOVATION OF HISTORIC PROPERTIES. 11C PROJECT MANAGEMENT FEES REPRESENT INCOME EARNED BY HBI IN ITS ROLE AS SPONSOR AND DEVELOPER OF THE DEVELOPMENT PROJECTS. 0 0 0 0 0 0 0 0 0 0 X X 1 BARBARA AND AMOS HOSTETTER THE PILOT HOUSE LEWIS WHARF BOSTON MA 02210 200000 X 2 THE TRUST FOR PUBLIC LAND 6 BEACON STREET SUITE 6156 BOSTON MA 02108 340203 X 3 SUFFOLK CONSTRUCTION 65 ALLERTON STREET BOSTON MA 02119 5000 X 4 HAROLD WHITWORTH PIERCE CHARITABLE TRUST 50 CONGRESS STREET BOSTON MA 02109 350000 X 5 KEUHN CHARITABLE FOUNDATION 150 STANIFORD STREET BOSTON MA 02114 50000 X 6 THE URBAN FARMING INSTITUTE OF BOSTON 34 LINWOOD STREET BOSTON MA 02119 58327 X 7 MILLENIUM PARTNERS 33 ARCH STREET BOSTON MA 02110 20000 X 8 EASTERN BANK 195 MARKET STREET LYNN MA 01901 10000 X 9 AW PERRY 20 WINTHROP SQUARE BOSTON MA 02110 5000 X 10 CITY OF BOSTON 26 COURT STREET 9TH FLOOR BOSTON MA 02108 365000 X 11 1772 FOUNDATION INC 449 THAMES STREET SUITE 301C NEWPORT RI 02840 100000 X 12 THE AMERICAN CITY COALITION 2136 WASHINGTON STREET FLOOR 2 ROXBURY MA 02119 187975 X 13 PILOT HOUSE ASSOCIATES 32 ATLANTIC AVE BOSTON MA 02110 15000 X 14 EM DUGGAN 140 WILL DRIVE CONCORD MA 01742 17500 X 15 MARLA AND LARRY CURTIS 211 IPSWICH ROAD BOSTON MA 02110 7000 X 16 DESIMONE ENGINEERS 140 BROADWAY WILMINGTON MA 01887 7000 X 17 HANDEL ARCHITECTS 523 W 121 STREET 64 BOSTON MA 02111 7000 X ACCOUNTING SERVICES 67639 0 30887 36752 ACCOUNTING FEES 32 32 32 0 ACCOUNTING FEES 7580 7580 7580 0 ROZZIE SUBSTATION LLC 65 WAGON ROAD WESTWOOD MA 02098 2015-12-31 175000 HBI PERFORMED DEVELOPMENT SERVICES IN EXCHANGE FOR A 1% OWNERSHIP INTEREST IN ROZZIE SUBSTATION, LLC. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT OF DEVELOPMENT SERVICES IS TO RESTORE AND PRESERVE AN AT-RISK HISTORIC PROPERTY. 175000 NONE NOTED OPERATING AGREEMENT DATED 5/30/15 2018-12-31 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT REFLECTS PERFORMANCE OF DEVELOPMENT SERVICES, THUS, NO CASH WAS RECEIVED BY THE GRANTEE. THE DEVELOPMENT SERVICES WERE RENDERED IN CONNECTION WITH THE PURPOSE OF THE PROGRAM RELATED INVESTMENT, AS NOTED ABOVE.2. HBI ENTERTED INTO AN OPERATING AGREEMENT, WHEREBY THE TERMS OF THE AGREEMENT OUTLINE THE NATURE OF THE DEVELOPMENT SERVICES AND THE REQUIRED USE OF THE PROJECT. PER REVIEW OF THE TAX FILINGS, INCLUDING HBI'S K-1, HBI WAS ABLE TO CONCLUDE THAT THE INVESTMENT WAS USED TO FUND THE PURCHASE AND CONSTRUCTION OF REAL PROPERTY, WHICH IS IN LINE WITH THE INTENDED USE OF THE FUNDS.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR.4. THE DEVELOPMENT SERVICES RENDERED DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. FOWLER CLARK FARM LLC 20 EUSTIS STREET ROXBURY MA 02119 2017-12-31 1245000 HBI PROVIDED A BRIDGE LOAN TO FOWLER CLARK FARM LLC FOR FINANCING UP TO $1,245,000, OF WHICH $529,897 WAS EXPENDED AS OF 12/31/18. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT IS TO RESTORE AND PRESERVE AN AT-RISK HISTORIC PROPERTY. 529897 NONE NOTED PROMISSORY NOTE AGREEMENT DATED 12/28/17 2018-12-31 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT WAS USED FOR THE REHABILITATION OF THE HISTORIC PROPERTY, WHICH IS PURPOSE OF THE GRANT.2. HBI ENTERED INTO AN OPERATING AGREEMENT, WHEREBY THE TERMS OF THE AGREEMENT OUTLINE THE NATURE OF THE REHABILITATION PROJECT. HBI RECEIVES INTERNAL FINANCIAL STATEMENTS AND TAX FILINGS ANNUALLY.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR. THE BOOKS AND RECORDS OF FOWLER CLARK FARM LLC WERE AUDITED BY AN INDEPENDENT AUDITOR AND INCLUDED IN HBI'S FINANCIAL STATEMENTS AND THUS, HBI IS REASONABLY ASSURED THE MONIES WERE USED FOR ITS INTENDED PURPOSE.4. THE EXPENDITURES MADE WITH THIS FUNDING DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. FOWLER CLARK FARM MM LLC 20 EUSTIS STREET ROXBURY MA 02119 2017-12-31 1965464 HBI PROVIDED A CAPITAL CONTRIBUTION TO FOWLER CLARK FARM MM LLC IN THE AMOUNT OF $1,965,464. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT IS TO RESTORE AND PRESERVE AN AT-RISK HISTORIC PROPERTY. 1965464 NONE NOTED OPERATING AGREEMENT DATED 12/19/17 2018-12-31 AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING:1. THE INVESTMENT WAS USED FOR THE REHABILITATION OF THE HISTORIC PROPERTY, WHICH IS PURPOSE OF THE GRANT.2. HBI ENTERED INTO AN OPERATING AGREEMENT, WHEREBY THE TERMS OF THE AGREEMENT OUTLINE THE NATURE OF THE REHABILITATION PROJECT. HBI RECEIVES INTERNAL FINANCIAL STATEMENTS AND TAX FILINGS ANNUALLY.3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR. THE BOOKS AND RECORDS OF FOWLER CLARK FARM MM LLC WERE AUDITED BY AN INDEPENDENT AUDITOR AND INCLUDED IN HBI'S FINANCIAL STATEMENTS AND THUS, HBI IS REASONABLY ASSURED THE MONIES WERE USED FOR ITS INTENDED PURPOSE.4. THE EXPENDITURES MADE WITH THIS FUNDING DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES. BONDS 192862 192862 EQUITIES 291343 291343 MONEY MARKET FMV 36851 36851 LAND 187119 0 187119 187119 BUILDINGS AND IMPROVEMENTS 5688005 0 5688005 5688005 PROJECTS UNDER DEVELOPMENT 1852986 0 1852986 1852986 FURNITURE AND EQUIPMENT 143912 0 143912 143912 LEGAL FEES 29069 0 29069 0 LEGAL FEES 1400 1400 1400 0 DEFERRED LEASING COSTS, NET 121154 104856 104856 DUE FROM AFFILIATES 338023 188035 188035 INVESTMENT IN AFFILIATE 1688306 1687203 1687203 SECURITY DEPOSITS 268066 233396 233396 PROJECT MANAGEMENT FEE RECEIVABLE, NET 941442 902473 902473 DEFERED RENT RECEIVABLE 203567 195508 195508 UNREALIZED LOSS ON INVESTMENTS 93265 PUBLIC RELATIONS AND ADVERTISING 16912 0 7724 9188 PROGRAM ACTIVITIES 44251 0 44222 29 MISCELLANEOUS 15781 0 5975 9806 OFFICE EQUIPMENT AND SUPPLIES 23010 0 5551 17459 COMMUNICATIONS 10293 0 7405 2888 SPECIAL EVENT DIRECT EXPENSES 31320 0 0 31320 PROVISION FOR ALLOWANCE ON PROJECT MANAGEMENT FEE 38969 0 38969 0 EXCESS EXPENSES - CHARITABLE ACTIVITY 0 0 -98879 0 EXCESS EXPENSES - CHARITABLE ACTIVITY 0 0 0 98879 BAD DEBT 47900 47900 47900 0 AMORTIZATION 30664 30664 30664 0 BAD DEBT 2118 2118 2118 0 OFFICE EQUIPMENT AND SUPPLIES 981 981 981 0 COMMUNICATIONS 895 895 895 0 OTHER INCOME 16528 16528 INTEREST ON LOANS 9083 9083 9083 PROJECT MANAGEMENT FEES 68618 68618 GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS 65480 65480 NET GAIN FROM UNWIND 755809 SECURITY DEPOSITS 268066 233396 DEFERRED RENT EXPENSE 125035 0 DUE TO AFFILIATES 24481 0 PAYROLL SERVICE FEES 2397 0 2397 0 FINANCE AND ADMINISTRATIVE CONSULTANT 190673 0 113586 77087 REAL ESTATE COMMISSIONS 6180 0 6180 0 OTHER FEES 1513 0 1513 0 PROPERTY MANAGEMENT FEES 61474 61474 61474 0 FINANCE AND ADMINISTRATIVE CONSULTANT 35962 35962 35962 0 PROPERTY MANAGEMENT FEES 12265 12265 12265 0 PAYROLL TAXES 19882 0 14014 5868 REAL ESTATE TAXES 197146 197146 197146 0 PAYROLL TAXES 2751 2751 2751 0 REAL ESTATE TAXES 20344 20344 20344 0