2018-11-07T14:51:40-06:00 2017-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-01-01 222483475 URBAN EDGE HOUSING CORPORATION URBA 6179899300 1542 COLUMBUS AVENUE ROXBURY MA 02119 SALVATORE BOSCO CFO 6179899300 2018-11-06 1 THOMAS A WASHBURN CPA P00537319 5083669100 2018-11-06 64.238.141.162 2018-11-06 09:48:48 ES P DD03C4814E1591290079663C75865963068A1C48 CB2B07AFD6767982BCB28B09646F6ACBACA35001 2017 2019-02-21 02:37:17Z SALVATORE BOSCO 1542 COLUMBUS AVENUE ROXBURY MA 02119 9678487 0 X WWW.URBANEDGE.ORG X 1983 MA URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS. 24 24 34 100 0 0 2760907 2668392 6143980 5701050 20513 500517 398732 425176 9324132 9295135 0 0 0 0 3035178 3234519 0 0 167562 4189793 4339391 7224971 7573910 2099161 1721225 39399867 39119631 24314640 22391181 15085227 16728450 X URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS. 0 0 3524641 3478296 RENTAL PROPERTIES- SUBSIDIZED COOPERATIVE AND RENTAL HOUSING IN THE ROXBURY, DORCHESTER, JAMAICA PLAIN, AND MATTAPAN NEIGHBORHOODS OF BOSTON, MASSACHUSETTS. 952038 1572837 REAL ESTATE DEVELOPMENTS- FINANCES THE AQUISITION AND RENOVATION OF LOW INCOME RENTAL PROPERTIES AND STIMULATES BUSINESS GROWTH AND EMPLOYMENT OPPORTUNITIES. 822095 514062 COMMUNITY ENGAGEMENT - PROVIDES VITAL SOCIAL SERVICES RELATING TO URBAN EDGE'S ROLE IN THE EGLESTON SQUARE AND JACKSON SQUARE COMMUNITIES. 747513 103742 COMMUNITY PROGRAMS - TO PROVIDE LOANS TO LOCAL BUSINESSES, DE-LEADING LOANS TO RESIDENTIAL HOMEOWNERS, EDUCATIONAL SERVICES TO HELP RESIDENTS BUY HOMES AND PREVENTION SERVICES TO HELP HOME OWNERS AVOID FORECLOSURE. 578455 1268012 ASSET MANAGEMENT - URBAN EDGE HAS DEVELOPED AND PRESERVED OVER 1,450 UNITS OF AFFORDABLE HOUSING AND CONTINUES TO OPERATE OVER 1,300 UNITS OF HOUSING AND COMMERCIAL SPACE WITHIN OUR PORTFOLIO. THE PURPOSE OF THE ASSET MANAGEMENT FUNCTION IS TO MAINTAIN THE HIGHEST QUALITY AND MOST FINANCIALLY SOUND HOUSING THROUGHOUT OUR RENTAL HOUSING PORTFOLIO. THIS INCLUDES ENSURING FINANCIAL PERFORMANCE, HIGH OCCUPANCY RATES AND MAINTAINING THE PHYSICAL ASSETS. ASSET MANAGEMENT ALSO CHARGED WITH OVERSEEING THE THIRD PARTY PROPERTY MANAGEMENT COMPANY. 1325968 1371754 6624742 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 21 0 1 34 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 MA X SALVATORE BOSCO CFO 6179899300 1542 COLUMBUS AVENUE ROXBURY MA 02119 ANNE MCKINNON MEMBER 2.00 X 0 0 0 AMY CURRAN FORMER MEMBER (LEFT 4/17) 2.00 X 0 0 0 EDDIE JENKINS MEMBER 2.00 X 0 0 0 VIKI BOK FORMER MEMBER (LEFT 11/17) 2.00 X 0 0 0 DIANE STAFFORD MEMBER 2.00 X 0 0 0 GENIE CURRY MEMBER 2.00 X 0 0 0 NATACHA DUNKER PRESIDENT 2.00 X X 0 0 0 BRUCE EHRLICH VICE PRESIDENT 2.00 X X 0 0 0 DARRYL PELTON VICE PRESIDENT 2.00 X X 0 0 0 ELIZABETH RELERFORD MEMBER 2.00 X 0 0 0 JACQUINN SINCLAIR MEMBER 2.00 X 0 0 0 JOHANNA SMITH TREASURER 2.00 X X 0 0 0 ANDREW SOBERS MEMBER 2.00 X 0 0 0 NATHAN ZIELONKA MEMBER 2.00 X 0 0 0 SEBASTIAN ZAPATA MEMBER 2.00 X 0 0 0 WANDA ATKINS MEMBER 2.00 X 0 0 0 ALISON HAIGHT MEMBER 2.00 X 0 0 0 DARLENE ATKINS MEMBER 2.00 X 0 0 0 BENJAMIN FORMAN MEMBER 2.00 X 0 0 0 BERYL HARRIS ASSISTANT TREASURER 2.00 X X 0 0 0 DONOVAN MONTROSE MEMBER 2.00 X 0 0 0 TERESA RODRIGUEZ ASSISTANT CLERK 2.00 X X 0 0 0 JEANETTE CALLAHAN MEMBER 2.00 X 0 0 0 JACQUELINE CUMMINGS-FURTADO CLERK 2.00 X X 0 0 0 DEEQO JIBRIL MEMBER 2.00 X 0 0 0 AREALUS POUGH MEMBER 2.00 X 0 0 0 FRANCIS SHEA CHIEF EXECUTIVE OFFICER 40.00 X 147562 0 28907 JEFFREY TELLIER DIR. OF FINANCE/ ASST. CLE 40.00 X 113658 0 14382 KEVEN SPILLANE JR ASSET MANAGER 40.00 X 113945 0 20029 KATHARINE PROVENCHER DEPUTY DIRECTOR 40.00 X 129308 0 3330 EMILY LOOMIS DIRECTOR OF REAL ESTATE 40.00 X 125222 0 12174 ROBERT CREDLE DIRECTOR OF COMMUNITY PROG 40.00 X 106088 0 2773 735783 0 81595 6 0 1 0 BARGMANN HENDRIEARCHETYPE INC 9 CHANNEL CENTER ST BOSTON MA 02210 ARCHITECT 414137 ALPINE ENVIRONMENTAL 275 BILLERICA RD CHELMSFORD MA 01824 ENVIRONMENTAL CONSULTING 318395 DAVIS SQUARE ARCHITECTS 240 ELM ST SOMERVILLE MA 02144 ARCHITECT 134946 3 137471 121173 390064 2019684 398675 2668392 RENTAL INCOME 531110 3627177 3627177 REAL ESTATE FEE INCOME 531390 844946 844946 PROJECT AND DEVELOPER 531390 656111 656111 INTEREST INCOME 531390 492857 492857 PROGRAM SERVICE FEES 532000 79959 79959 5701050 34526 34526 814406 348415 465991 465991 465991 8370 121173 34937 -26567 -26567 DEVELOPMENT PROJECT GA 531390 304593 304593 FORGIVENESS OF DEBT 900099 123367 123367 OTHER INCOME 531110 23783 23783 451743 9295135 6618784 0 7959 304509 187892 113986 2631 2340856 1869493 372642 98721 35208 25479 9729 285151 223607 40956 20588 268795 209635 48735 10425 30575 30575 48938 48062 876 142602 86965 55637 102946 102400 546 1016761 944980 60489 11292 1282136 1259895 14480 7761 31023 23093 7630 300 24147 12816 3351 7980 19662 18710 952 559536 537905 17884 3747 394095 379424 13040 1631 REPAIRS AND MAINTENANCE 395195 394626 470 99 CONSULTING AND CONTRACT 166626 150635 14749 1242 PROPERTY EXPENSES 82977 82977 0 0 BAD DEBT 25596 25596 0 0 16576 9977 5454 1145 7573910 6624742 781606 167562 1319374 1906006 2863321 3994621 811654 1039046 613305 812776 6582494 6592136 70687 52463 23938231 10743216 12937242 13195015 1978612 1903631 12223178 9623937 39399867 39119631 1072307 1666647 481226 479905 1345908 1345908 71650 0 21343549 18898721 24314640 22391181 X 11621903 13579721 1790648 2279683 1672676 869046 15085227 16728450 39399867 39119631 X 1721225 -78002 X X 0 1 X 1 1 1 X 1345797 2307719 2293827 2760907 2668392 11376642 1345797 2307719 2293827 2760907 2668392 11376642 1160263 10216379 1546 3379 11881 20513 34526 71845 391768 363241 2188709 130407 1076266 4150391 15598878 12911049 0.65490 0.65670 X 0 1 X 2821312 2821312 18172804 10256488 7916316 619184 203222 415962 2324931 283506 2041425 13195015 RESTRICTED DEPOSITS 2199030 PROJECTS UNDER DEV. NET OF ALLOWANCE 6513737 PROJECT MANAGEMENT FEES AND CONST. RECEIVABLES, NET 911170 9623937 X PART IV, LINE 2B: URBAN EDGE ACTS AS A LOCAL REHABILITATION AGENCY THROUGH MASSHOUSING'S "GET THE LEAD OUT" PROGRAM. THIS PROGRAM PROVIDES LOW-COST FINANCING TO HOMEOWNERS TO REMOVE HAZARDOUS LEAD PAINT FROM THEIR HOMES. BORROWER'S LOAN PROCEEDS ARE REMITTED TO URBAN EDGE. URBAN EDGE THEN ENTERS INTO ESCROW AGREEMENTS WITH QUALIFIED BORROWERS THAT DOCUMENT THE ADMINISTRATION AND DISBURSEMENT OF THE LOAN PROCEEDS ON BEHALF OF THE BORROWER. PART X, LINE 2: HOUSING CORP. AND 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 CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. HOUSING CORP. AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2017. ANNUAL MEETING 129543 121173 8370 9118 2550 23269 129543 121173 8370 9118 2550 23269 34937 -26567 X X 0 0 0 0 0 0 0 0 0 FRANCIS SHEA CHIEF EXECUTIVE OFFICER 147562 0 0 0 0 0 2401 0 26506 0 176469 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2002-08-28 1768000 TO FINANCE CONSTRUCTION OF THE COMMUNITY CENTER 0 0 0 A 422092 1768000 1768000 2002 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 1 398675 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DARLENE ATKINS AND WANDA ATKINS ARE BOTH BOARD MEMBERS AND ARE SISTERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN OFF ON A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 URBAN EDGE HOUSING CORPORATION MAKES ITS GOVERNING DOCUMENTS AND CONSOLIDATING FINANCIAL STATMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DISTRIBUTIONS 133,122. CAPITAL CONTRIBUTION -211,124. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PREVIOUS FISCAL YEAR. DIXWELL PARK UE LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 RENTAL PROPERTY DE 588170 2025660 N/A HARVARD HILL UE LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 RENTAL PROPERTY MA 612993 2537344 N/A ENNIS HIGHLAND UE LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 RENTAL PROPERTY MA 307479 381105 N/A BANCROFT UE LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 RENTAL PROPERTY MA 810287 877236 N/A WILSHIRE APARTMENTS 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 RENTAL PROPERTY MA 582487 3273543 N/A 1599 COLUMBUS LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 HOLDING COMPANY MA 0 1441002 1599 COLUMBUS MANAGER LLC 1599 COLUMBUS MANAGER LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 HOLDING COMPANY MA 0 0 N/A EGLESTON INFILL LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 HOLDING COMPANY MA 0 5553100 N/A 4151 LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 HOLDING COMPANY MA 49062 1470273 N/A WCA COMMUNITY LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 HOLDING COMPANY MA 0 288334 WESTMINSTER UE LLC WESTMINSTER UE LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 222483475 HOLDING COMPANY MA 0 0 N/A JC MASTER TENANT LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 463857432 RENTAL PROPERTY MA 562239 6805999 N/A MONTEBELLO HILLSIDE 1542 COLUMBUS AVENUE ROXBURY MA 02119 814180346 RENTAL PROPERTY MA 38568 623299 N/A 137 AMORY 1542 COLUMBUS AVENUE ROXBURY MA 02119 823543671 RENTAL PROPERTY MA 0 104769 N/A CUE REALTY 1542 COLUMBUS AVENUE ROXBURY MA 02119 237450277 REAL ESTATE BROKERAGE MA 501(C)(4) N/A N/A 1 THEROCH APARTMENTS LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 870371054 RENTAL PROPERTY MA RELATED -123170 4477312 0 0 0.51000 MONTEBELLO LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 042899724 RENTAL PROPERTY MA N/A EGLESTON CROSSING UE LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 050552726 RENTAL PROPERTY MA N/A AMORY TERRACE LIMITED PARTNERSHIP 40 COURT STREET SUITE 650 BOSTON MA 02108 200014817 RENTAL PROPERTY MA N/A ACADEMY HOMES URBAN EDGE LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 043401846 RENTAL PROPERTY MA ACADEMY HOMES URBAN EDGE INC RELATED -1095795 12879406 0 0 1.00000 JP HOUSING LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 043140104 RENTAL PROPERTY MA 120889 14693632 0 0 1.00000 WARDMAN UE LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 043520575 RENTAL PROPERTY MA 558909 11201563 0 0 1.00000 WESTMINSTER COMMUNITY LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 043303207 RENTAL PROPERTY MA WCATA COMMUNITY INC RELATED -802362 5280816 0 0 1.00000 UE APARTMENTS LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 800763859 RENTAL PROPERTY MA N/A LBB APARTMENTS LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 364735522 RENTAL PROPERTY MA N/A JACKSON COMMONS UE LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 462460382 RENTAL PROPERTY MA N/A JACKSON COMMONS QALICB LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 300795823 RENTAL PROPERTY MA RELATED -115659 8293313 0 0 0.95000 WALNUT WASHINGTON APARTMENTS LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 901018933 RENTAL PROPERTY MA N/A AMORY TERRACE GP LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 141882135 RENTAL PROPERTY MA 0 0 0.79000 CDB LIMITED PARTNERSHIP 1542 COLUMBUS AVENUE ROXBURY MA 02119 475045650 RENTAL PROPERTY MA N/A EGLESTON INFILL LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 465706603 RENTAL PROPERTY MA 5552611 0 1 1.00000 EGLESTON MM LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 820778341 GENERAL PARTNER MA 0 0 1.00000 EGLESTON CENTER CORPORATION 1542 COLUMBUS AVENUE ROXBURY MA 02119 043314811 OWNERSHIP ENTITY OF COMMERCIAL DEVELOPMENT MA N/A C 24424 1117091 1.00000 1 DIMOCK-BRAGDON HOUSING INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 042769640 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1481 1.00000 1 MONTEBELLO HOUSING INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 042895867 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1373 1.00000 1 ROXBURYJP CROSSING INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 050552756 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -41241 0.60000 1 AMORY TERRACE UE INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 141882135 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1400 1.00000 1 BANCROFT HOUSING INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 043305743 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1155 0.78000 1 JP HOUSING INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 043140103 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1158 175652 0.78000 1 NORTHWEST CLEAVES INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 043324972 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1481 1.00000 1 WARDMAN UE INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 043520575 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1407 1.00000 1 ACADEMY HOMES URBAN EDGE INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 043401846 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1533 1.00000 1 WCATA COMPANY INC 1542 COLUMBUS AVENUE ROXBURY MA 02119 043266053 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -4188 0.50000 0 UE APARTMENTS MANAGER LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 453589053 MANAGING MEMBER OF RENTAL PROPERTY MA N/A C -1237 0.79000 1 MONTEBELLO COOPERATIVE CORP 1542 COLUMBUS AVENUE ROXBURY MA 02119 042912525 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1373 1.00000 1 LBB APARTMENTS MANAGER LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 455472382 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -783 0.51000 1 WALNUT WASHINGTON APARTMENTS MANAGER LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 800952827 GENERAL PARTNER OF RENTAL PROPERTY MA N/A C -1209 0.79000 1 CUE REALTY LLC 1542 COLUMBUS AVENUE ROXBURY MA 02119 815190935 REAL ESTATE BROKERAGE MA N/A C 79004 20382 1.00000 1 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 CUE REALTY LLC L 75625 CONTRACT VALUE