NEWVUE COMMUNITIES INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- NEWVUE COMMUNITIES INC (EIN 04-2690210)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-13
- IRS object ID
- 201733179349301123
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-13T09:47:58-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042690210 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWVUE COMMUNITIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWV | BusinessNameControlTxt |
| Phone | 9783429561 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 470 MAIN STREET | AddressLine1Txt |
| City | FITCHBURG | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01420 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARC DOHAN | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9783429561 | PhoneNum |
| Signature | 2017-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW HUTT CPA | PreparerPersonNm |
| PTIN | P01070603 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2017-11-07 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.238.141.162 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-13 | IPDt |
| IP Tm | 10:44:07 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | C3B1CA5E9EDD1B55B0F6E2DA0EC022650C85F82C | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 6D095379B11E9419142C5CE570F93EEB6E803F1B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARC DOHAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 470 MAIN STREET | AddressLine1Txt |
| City | FITCHBURG | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01420 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,753,937 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NEWVUECOMMUNITIES.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1979 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | LED BY COMMUNITY MEMBERS OF DIVERSE INCOME AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES, AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 21 | TotalEmployeeCnt |
| Total Volunteers | 558 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,170,397 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,520,581 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $254,950 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $216,044 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,427 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,493 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,285 | PYOtherRevenueAmt |
| CY Other Revenue | $13,819 | CYOtherRevenueAmt |
| PY Total Revenue | $1,437,059 | PYTotalRevenueAmt |
| CY Total Revenue | $1,753,937 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $39,261 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $777,002 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $944,995 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $465,895 | PYOtherExpensesAmt |
| CY Other Expenses | $4,451,037 | CYOtherExpensesAmt |
| PY Total Expenses | $1,282,158 | PYTotalExpensesAmt |
| CY Total Expenses | $5,396,032 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $154,901 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,642,095 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,019,835 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,336,123 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $596,052 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $533,429 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,423,783 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,802,694 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NEWVUE COMMUNITIES, INC. (NVC) IS A MEMBERSHIP ORGANIZATION LED BY THE DIVERSE RESIDENT AND BUSINESS COMMUNITIES OF NORTH CENTRAL MASSACHUSETTS. WE INVEST IN AND ORGANIZE RESIDENTS TO HELP OUR COMMUNITIES BUILD ASSETS, SUCH AS QUALITY HOUSING, GOOD JOBS, STRONG BUSINESSES AND EFFECTIVE LEADERS. WE ENVISION NEIGHBORHOODS WHERE RESIDENTS CHOOSE TO LIVE, WORK AND INVEST, THEREBY FORMING A POWERFUL UNIFIED COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $425,307 | ExpenseAmt |
| Revenue | $19,232 | RevenueAmt |
| Desc | HOMEOWNERSHIP: ASSISTS HOMEBUYERS TO BUY A HOME, KEEP A HOME, AND MAINTAIN A HOME. OUR FOCUS IS ON ASSISTING FIRST TIME HOMEBUYERS WHO ARE OF LOW TO MODERATE INCOME TO PURCHASE THEIR FIRST HOME, AND TO HELP LOW AND MODERATE INCOME HOMEBUYERS WHO ARE FACING THE THREAT OF FORECLOSURE TO KEEP THEIR HOME. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $224,526 | ExpenseAmt |
| Revenue | $169,685 | RevenueAmt |
| Desc | HOUSING DEVELOPMENT: DEVELOPS QUALITY HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $165,196 | ExpenseAmt |
| Desc | COMMUNITY ORGANIZING/PLANNING: ENGAGE RESIDENTS AND DEVELOP LEADERS TO HELP BUILD POWERFUL HEALTHY NEIGHBORHOODS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | DescDesc | RevenueRevenueAmt |
|---|---|---|
| $147,627 | SMALL BUSINESS: WE SEEK TO CREATE AND RETAIN STRONG BUSINESSES AND GOOD JOBS. WE FOCUS OUR EFFORTS ON MICRO-ENTERPRISES. WE PROMOTE THE ABILITY OF AREA RESIDENTS TO OWN AND OPERATE THEIR OWN BUSINESSES AND GROW AND REVITALIZE EXISTING FIRMS. | |
| $67,951 | ASSET MANAGEMENT: NVC OUTSOURCES ITS PROPERTY MANAGEMENT TO HELP CONTROL MAINTENANCE COSTS, DEVELOP STREAMLINED PROCEDURES AND TO BETTER MANAGE OUR FACILITIES. SERVICES ARE PROVIDED BY WINGATE MANAGEMENT, WHICH SPECIALIZES IN AFFORDABLE HOUSING MANAGEMENT WHILE MAINTAINING A MIX OF CONDOMINIUM AND COMMERCIAL CONTRACTS. WINGATE MANAGEMENT WILL WORK IN PARTNERSHIP WITH NVC TO ENSURE CONTINUED DELIVERY OF QUALITY REAL ESTATE MANAGEMENT SERVICES TO RESIDENTS. | |
| $43,611 | LEIGHTON HOUSING: PROVIDE PERMANENT SUPPORTIVE HOUSING FOR HOMELESS INDIVIDUALS IN RECOVERY. DURING 2016, THE LEIGHTON STREET PROPERTY WAS TRANSFERRED TO NEWVUE AFFORDABLE HOUSING CORPORATION, A RELATED NON-PROFIT ORGANIZATION. | $27,127 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $259,189 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $27,127 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $1,074,218 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 21 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANNE MOLA CHIEF FINANCIAL AND OPERATING OFFICER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9783429561 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 470 MAIN STREET | AddressLine1Txt |
| City | FITCHBURG | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01420 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| ANDY VAN HAZINGA | |||||||
| BOARD PRESIDENT | 2.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| PAMELA LAWRENCE | |||||||
| BOARD VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TOM GRAY | |||||||
| BOARD TREASURER | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| TIM SAPPINGTON | |||||||
| ASSISTANT TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CHRISTINA GONZALEZ | |||||||
| BOARD CLERK | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BARBARA ABRAHAM | |||||||
| BOARD ASSISTANT CLERK | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BILL BRASSARD | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAY BRY | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL FLYNN | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD WILLIAMS | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL HICKS | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| EMILY MACRAE | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARITZA RIVERA | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC RODRIGUEZ | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES MOMANYI | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARC DOHAN | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 1.00 | Yes (X) | $123,600 | $0 | $0 | |
| ANNE MOLA | |||||||
| CHIEF FINANCIAL AND OPERAT | 40.00 | Yes (X) | $113,925 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $237,525 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| QUALITY CONTRACTING | |||||
| 534 CAMBRIDGE STREET | WORCESTER | MA | 01610 | GENERAL CONTRACTOR | $1,059,434 |
| DAVIS SQUARE ARCHITECTS | |||||
| 240 ELM STREET | SOMERVILLE | MA | 02144 | ARCHITECT SERVICES | $117,166 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $750,533 | GovernmentGrantsAmt |
| All Other Contributions | $770,048 | AllOtherContributionsAmt |
| Total Contributions | $1,520,581 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FEES AND PROJECT REIMB | 531390 | $169,685 | $169,685 |
| RENTAL FEES | 532000 | $27,127 | $27,127 |
| PROGRAM SERVICE FEES | 541900 | $19,232 | $19,232 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $216,044 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,493 | TotalRevenueColumnAmt |
| Exclusion | $3,493 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $13,819 | TotalRevenueColumnAmt |
| Exclusion | $13,819 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $13,819 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,753,937 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $216,044 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $17,312 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $237,526 | TotalAmt |
| Program Services | $143,483 | ProgramServicesAmt |
| Management And General | $94,043 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $563,690 | TotalAmt |
| Program Services | $448,383 | ProgramServicesAmt |
| Management And General | $115,307 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,000 | TotalAmt |
| Program Services | $8,865 | ProgramServicesAmt |
| Management And General | $3,135 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,043 | TotalAmt |
| Program Services | $49,665 | ProgramServicesAmt |
| Management And General | $8,378 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,736 | TotalAmt |
| Program Services | $54,505 | ProgramServicesAmt |
| Management And General | $19,231 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,980 | TotalAmt |
| Program Services | $1,980 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,184 | TotalAmt |
| Program Services | $1,641 | ProgramServicesAmt |
| Management And General | $543 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,888 | TotalAmt |
| Program Services | $27,052 | ProgramServicesAmt |
| Management And General | $6,836 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,711 | TotalAmt |
| Program Services | $44,589 | ProgramServicesAmt |
| Management And General | $3,122 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,057 | TotalAmt |
| Program Services | $24,515 | ProgramServicesAmt |
| Management And General | $5,542 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,253 | TotalAmt |
| Program Services | $10,785 | ProgramServicesAmt |
| Management And General | $2,468 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,505 | TotalAmt |
| Program Services | $30,456 | ProgramServicesAmt |
| Management And General | $7,049 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,814 | TotalAmt |
| Program Services | $10,857 | ProgramServicesAmt |
| Management And General | $2,957 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,171 | TotalAmt |
| Program Services | $15,678 | ProgramServicesAmt |
| Management And General | $493 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,227 | TotalAmt |
| Program Services | $10,227 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| NET LOSS FROM UNWIND OF | $4,025,143 | $4,025,143 | |
| CONSULTING AND CONTRACT | $134,931 | $6,444 | $128,487 |
| PROGRAM FEES AND SUPPLI | $27,217 | $1,107 | $26,110 |
| SUBCONTRACT | $16,654 | $16,654 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,302 | TotalAmt |
| Program Services | $20,286 | ProgramServicesAmt |
| Management And General | $20,016 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,396,032 | TotalAmt |
| Program Services | $1,074,218 | ProgramServicesAmt |
| Management And General | $4,321,814 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,416 | BOYAmt |
| EOY | $111,851 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,278,546 | BOYAmt |
| EOY | $1,150,061 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,085 | BOYAmt |
| EOY | $88,334 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,579,207 | BOYAmt |
| EOY | $710,921 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,818 | BOYAmt |
| EOY | $24,003 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $541,473 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,100,110 | BOYAmt |
| EOY | $110 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,281,180 | BOYAmt |
| EOY | $3,250,843 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,019,835 | BOYAmt |
| EOY | $5,336,123 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,608 | BOYAmt |
| EOY | $233,429 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $530,444 | BOYAmt |
| EOY | $300,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,052 | BOYAmt |
| EOY | $533,429 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,514,636 | BOYAmt |
| EOY | $3,432,966 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,397 | BOYAmt |
| EOY | $291,564 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $815,750 | BOYAmt |
| EOY | $1,078,164 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,423,783 | BOYAmt |
| EOY | $4,802,694 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,019,835 | BOYAmt |
| EOY | $5,336,123 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,642,095 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $21,006 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $773,926 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,225,604 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,111,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,170,397 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,520,581 | CurrentTaxYearAmt |
| Total | $5,801,983 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $773,926 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,225,604 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,111,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,170,397 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,520,581 | CurrentTaxYearAmt |
| Total | $5,801,983 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,019,013 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,782,970 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,694 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,891 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,713 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,427 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,493 | CurrentTaxYearAmt |
| Total | $29,218 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $28,157 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $7,285 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,819 | CurrentTaxYearAmt |
| Total | $49,261 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,880,462 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,844,261 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.81340 | PublicSupportCY170Pct |
| Public Support PY170 | 0.85300 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER REVENUE - 2013 AMOUNT: $ 28,157. 2015 AMOUNT: $ 7,285. 2016 AMOUNT: $ 13,819. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM AFFILIATES | $2,509,437 |
| PROJECTS UNDER DEVELOPMENT | $741,406 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,250,843 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NVC ACCOUNTS 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. NVC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2016. HOWEVER, NVC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWVUE AFFORDABLE HOUSING CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | RELATED NON-PROFIT ORGANIZATION | RelationshipDescriptionTxt |
| Transaction | -$12,535 | TransactionAmt |
| Transaction | DURING 2016, NEWVUE COMMUNITIES, INC. TRANSFERRED REAL PROPERTY LOCATED AT 4 LEIGHTON STREET, FITCHBURG, MASSACHUSETTS, AS WELL AS THE RELATED NOTES PAYABLE, ACCRUED EXPENSES AND ACCOUNTS PAYABLE TO NEWVUE AFFORDABLE HOUSING CORPORATION, A RELATED NON-PROFIT ORGANIZATION. THE NET BOOK VALUE OF THE PROPERTY TRANSFERRED TOTALED $1,982,054, NET OF NOTES PAYABLE, ACCRUED EXPENSES AND ACCOUNTS PAYABLE TOTALING $1,969,519. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | DURING 2016, NVC TRANSFERRED THE REAL PROPERTY LOCATED AT 4 LEIGHTON STREET, FITCHBURG, MA AND THE RELATED PROGRAM SERVICES TO NEWVUE AFFORDABLE HOUSING CORPORATION, A RELATED NON-PROFIT ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 3 | NVC DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS TO A MANAGEMENT COMPANY. THE MANAGEMENT COMPANY HANDLES THE OPERATING ACTIVITY RELATING TO THE RENTAL PROJECTS. |
| FORM 990, PART VI, SECTION A, LINE 6 | ELIGIBLE MEMBERS (BOTH RESIDENTS AND NON-RESIDENTS) ARE ENTITLED TO ONE VOTE ON EACH MATTER BROUGHT TO VOTE TO GENERAL MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | NVC HAS MEMBERS WHO LIVE OR WORK IN NORTH CENTRAL MASSACHUSETTS WHO ELECT THE BOARD AND HAVE CERTAIN POWERS WITH RESPECT TO CHANGING THE BYLAWS AND ARTICLES. |
| FORM 990, PART VI, SECTION B, LINE 11B | AFTER COMPLETION OF FORM 990, THE FORM IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION OF FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | NVC REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO OTHER ORGANIZATIONS AND REASONABLE FOR JOB PERFORMED. THE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | NVC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND UPON REQUEST. NVC'S FORM 1023 IS AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, LINE 16B: | DURING 2016, NVC WAS PART OF JOINT VENTURE ARRANGEMENTS WITH 142 WATER STREET LIMITED PARTNERSHIP AND 470 MAIN STREET, LLC, TWO RELATED PARTY PARTNERSHIPS, IN CONNECTION WITH THEIR LOW INCOME HOUSING TAX CREDIT AND NEW MARKETS TAX CREDIT (NMTC) FINANCING STRUCTURE, RESPECTIVELY. NVC'S POLICY OVER EVALUATING ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS INVOLVES AN ASSESSMENT PERFORMED BY NVC'S MANAGEMENT AND BOARD OF DIRECTORS TO ENSURE THE TERMS OF ANY POTENTIAL JOINT VENTURE RELATIONSHIP IS PERMITTED UNDER APPLICABLE FEDERAL TAX LAW AND NVC'S EXEMPT STATUS IS BEING SAFEGUARDED. IN ADDITION, FORMAL OPERATING AND OTHER APPLICABLE AGREEMENTS ARE FORMALLY EXECUTED BY ALL PARTIES INVOLVED AND CLEARLY OUTLINE NVC'S ROLE IN ALL JOINT VENTURE RELATIONSHIPS. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF PERMENANTLY RESTRICTED NET ASSETS FROM NEWVUE AFFORDABLE HOUSING CORPORATION (NAHC), A RELATED NON-PROFIT ORGANIZATION $187,414 TRANSFER OF NET ASSETS TO NEWVUE COMMUNITIES, INC. TO NAHC, RELATING TO THE TRANSFER OF REAL PROPERTY LOCATED AT 4 LEIGHTON STREET, FITCHBURG, MA (166,408) TOTAL OTHER CHANGES IN NET ASSETS $21,006 |
| FORM 990, PART XII, LINE 2C: | THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN 2016. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 261 WEST STREET | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 470 MAIN STREET | AddressLine1Txt |
| City | FITCHBURG | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01420 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042690210 | EIN |
| Primary Activities | REAL ESTATE DEVELOPMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWVUE COMMUNITIES INC | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWVUE AFFORDABLE HOUSING CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 470 MAIN ST | AddressLine1Txt |
| City | FITCHBURG | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01420 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043271288 | EIN |
| Primary Activities | HOUSING DEVELOPMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(2) | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWVUE COMMUNITIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 470 MAIN STREET LLC | |||||||||||||
| 470 MAIN ST | FITCHBURG | MA | 01420 | 261573576 | RENTAL REAL ESTATE | MA | 470 MAIN STREET MANAGER CORP | RELATED | -$39 | 0 | 0 | 0.00010 | |
| 142 WATER ST LIMITED PARTNERSHIP | |||||||||||||
| 470 MAIN ST | FITCHBURG | MA | 01420 | 453049463 | RENTAL REAL ESTATE | MA | N/A | ||||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 470 MAIN STREET MANAGER CORP | ||||||||||||
| 470 MAIN STREET | FITCHBURG | MA | 01420 | 262058379 | REAL ESTATE MANAGEMENT | MA | NEWVUE AFFORDABLE HOUSING CORPORATION | C | 0 | |||
| LEOMINSTER AFFORDABLE HOUSING CORPORATION | ||||||||||||
| 470 MAIN STREET | FITCHBURG | MA | 01420 | 272886194 | REAL ESTATE DEVELOPMENT | MA | NEWVUE COMMUNITIES INC | C | Yes (1) | -$1,234 | $2,052,608 | 1.00000 |
| 142 WATER STREET GP LLC | ||||||||||||
| 470 MAIN STREET | FITCHBURG | MA | 01420 | 900946748 | REAL ESTATE DEVELOPMENT | MA | LEOMINSTER AFFORDABLE HOUSING CORPORATION | C | 0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (1) | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NEWVUE AFFORDABLE HOUSING CORPORATION | ||
| R | $780,377 | BOOK VALUE |
| NEWVUE AFFORDABLE HOUSING CORPORATION | ||
| S | $187,414 | BOOK VALUE |
| NEWVUE AFFORDABLE HOUSING CORPORATION | ||
| R | $166,408 | BOOK VALUE |
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