ASIAN COMMUNITY DEVELOPMENT CORP: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ASIAN COMMUNITY DEVELOPMENT CORP (EIN 04-2988263)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-13
- IRS object ID
- 201733179349301413
- 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 | 2017-11-13T08:38:49-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BOSTON PLACE SUITE 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | 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 | 042988263 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Asian Community Development Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASIA | BusinessNameControlTxt |
| Phone | 6174822380 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 38 OAK STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL W LEE | PersonNm |
| Person Title | PRESIDENT/DIRECTOR | PersonTitleTxt |
| Phone | 6174822380 | PhoneNum |
| Signature | 2017-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EDWARD MCNEIL | PreparerPersonNm |
| PTIN | P00090108 | PTIN |
| Phone | 6176481400 | PhoneNum |
| Preparation | 2017-11-08 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.3.217.20 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-08 | IPDt |
| IP Tm | 13:47:50 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 5843074F9AF73DF33E5B1312C73A8480C0B54E89 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 4FA2AEB2F2920BD945A96D8753017EDDD99C4CBB | 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 | PAUL W LEE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 38 OAK STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,427,722 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ASIANCDC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC AND LEADERSHIP DEVELOPMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $205,031 | PYContributionsGrantsAmt |
| CY Contributions Grants | $283,333 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $937,707 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $344,915 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,412,825 | CYInvestmentIncomeAmt |
| PY Other Revenue | $289,265 | PYOtherRevenueAmt |
| CY Other Revenue | $310,119 | CYOtherRevenueAmt |
| PY Total Revenue | $1,432,003 | PYTotalRevenueAmt |
| CY Total Revenue | $7,351,192 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | 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 | $627,739 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $698,964 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $30,880 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $38,400 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $256,345 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $280,299 | PYOtherExpensesAmt |
| CY Other Expenses | $14,092,238 | CYOtherExpensesAmt |
| PY Total Expenses | $938,918 | PYTotalExpensesAmt |
| CY Total Expenses | $14,829,602 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $493,085 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$7,478,410 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $26,978,474 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,468,595 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,018,986 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,583,029 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $16,959,488 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,885,566 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC AND LEADERSHIP DEVELOPMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $13,762,570 | ExpenseAmt |
| Revenue | $3,843,969 | RevenueAmt |
| Desc | REAL ESTATE - ACDC WORKS TO ENSURE ADEQUATE, HIGH QUALITY AFFORDABLE HOUSING TO MEET THE NEEDS OF COMMUNITIES OF HIGH ASIAN AMERICAN POPULATIONS. ACDC NOW HAS FIVE PROPERTIES IN ITS PORTFOLIO THAT INCLUDES 756 HOMES OF WHICH 375 ARE AFFFORDABLE. THREE DEVELOPMENTS IN CHINATOWN ACCOUNT FOR 702 NEWLY BUILT HOMES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $166,183 | ExpenseAmt |
| Revenue | $15,860 | RevenueAmt |
| Desc | COMPREHENSIVE HOUSING OPPORTUNITIES PROGRAM (CHOP) PROVIDES THE COMMUNITY WITH FINANCIAL EMPOWERMENT THROUGH HOME BUYING WORKSHOPS, FINANCIAL MANAGEMENT TRAINING AND 1 ON 1 HOMEBUYING COUNSELING. ITS MONTHLY WORKSHOPS FOR FIRST-TIME HOMEBUYERS IS THE ONLY HUD-APPROVED WORKSHOP IN NEW ENGLAND THAT PROVIDES CHINESE LANGUAGE SERVICE ON A REGULAR BASIS. 350 PEOPLE COMPLETED OUR FIRST-TIME HOMEBUYER WOKSHOP IN 2016, OVER A THIRD OF WHICH WERE CHINESE SPEAKING CLIENTS. MOREOVER, 45 HOUSEHOLDS PURCHASED A HOME AFTER ATTENDING THE WORKSHOP. ACDC'S HOUSING COUNSELORS ALSO PROVIDE 1-ON-1 HOMEBUYER COUNSELING. CHOP ALSO PROVIDES POST-PURCHASE WORKSHOPS TO ASSIST HOMEOWNERS IN AREAS OF ENERGY EFFICIENCY, TAX REPORTING AND IDENTITY THEFT PROTECTION. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $101,491 | ExpenseAmt |
| Revenue | $6,472 | RevenueAmt |
| Desc | YOUTH ACDC PROVIDES A HIGH SCHOOL LEADERSHIP PROGRAM, ASIAN VOICES OF ORGANIZED YOUTH FOR COMMUNITY EMPOWERMENT (A-VOYCE), TRAINING YOUTH IN COMMUNITY LEADERSHIP AND ORGANIZING IN CHINATOWN AND THE GREATER BOSTON AREA. THEY LEARN ABOUT CULTURAL IDENTITY, COMMUNITY DEVELOPMENT, AND PERFORM PLACEMAKING ACTIVITIES. OVER 70 YOUTH WERE INVOLVED IN 2016. YOUTH LEARN ENTREPRENEURSHIP SKILLS AND APPLY THESE SKILLS THROUGH RUNNING THEIR OWN YOUTH-LED BUSINESS PROVIDING WALKING TOURS OF CHINATOWN. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $319,151 | ExpenseAmt |
| Revenue | $140,081 | RevenueAmt |
| Desc | ALL OTHER ACCOMPLISHMENT COMMUNITY ORGANIZING AND RESIDENT ENGAGEMENT - ACDC ENGAGES ITS RESIDENTS AND THE WIDER COMMUNITY TO PROMOTE HEALTHY LIVING AND HEALTHY COMMUNITIES IN CHINATOWN, MALDEN AND QUINCY. COMMUNITY ORGANIZING ACTIVITIES HAVE INCLUDED EDUCATING RESIDENTS ON THE BENEFITS OF CIVIC ENGAGEMENT AND AFFORDABLE HOUSING. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $319,151 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $140,081 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $14,349,395 | 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 | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | 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 | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | 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 | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | 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 | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 11 | 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 | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| 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 | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | 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 | Yes (1) | 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 | 0 | InvestmentInJointVentureInd |
| 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 | HAMILTON HO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6174822380 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 38 OAK STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| AMANDA LINEHAN | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| AMY CHEUNG | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| EUGENE HHO | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GEOFFREY WHY | |||||||
| VICE TREASURER/DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JEFFREY WONG | |||||||
| TREASURER/DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MICHAEL S GRECO | |||||||
| CLERK/DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MICHAEL TOW | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| NICK CHAU | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL W LEE | |||||||
| PRESIDENT/DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| PETER MADSEN | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| REBECCA A LEE | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SONI GUPTA | |||||||
| OUTGOING DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| STEVEN CHEN | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TERRY KWAN | |||||||
| VP/DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| THATSADA SETHAPHONG | |||||||
| OUTGOING DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| YONGMEI CHEN | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ANGIE LIOU | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 0.00 | $101,869 | $0 | $13,081 | Yes (X) | |
| HAMILTON HO | |||||||
| CHIEF OPER. OFFICER | 40.00 | 0.00 | $83,123 | $0 | $23,718 | Yes (X) | |
| JANELLE CHAN | |||||||
| FORMER EXEC DIRECTOR | 40.00 | 0.00 | $16,661 | $0 | $5,272 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $201,653 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $42,071 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $4,250 | FundraisingAmt |
| All Other Contributions | $279,083 | AllOtherContributionsAmt |
| Noncash Contributions | $36,110 | NoncashContributionsAmt |
| Total Contributions | $283,333 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Real estate development | 531110 | $186,469 | $186,469 |
| management fees income | 531110 | $136,114 | $136,114 |
| SERVICE REVENUE | 531110 | $22,332 | $22,332 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $344,915 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,755,325 | TotalRevenueColumnAmt |
| Exclusion | $2,755,325 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $58,164 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $56,815 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,349 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,349 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,349 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,657,500 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,657,500 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,657,500 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,657,500 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $325,867 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $4,250 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $19,715 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $306,152 | TotalRevenueColumnAmt |
| Exclusion | $306,152 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | other income | Desc |
| Business | 531110 | BusinessCd |
| Total Revenue Column | $2,618 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,618 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,618 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,351,192 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,006,382 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,061,477 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $544,312 | TotalAmt |
| Program Services | $327,011 | ProgramServicesAmt |
| Management And General | $91,835 | ManagementAndGeneralAmt |
| Fundraising | $125,466 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,278 | TotalAmt |
| Program Services | $65,856 | ProgramServicesAmt |
| Management And General | $18,461 | ManagementAndGeneralAmt |
| Fundraising | $22,961 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,374 | TotalAmt |
| Program Services | $28,028 | ProgramServicesAmt |
| Management And General | $8,066 | ManagementAndGeneralAmt |
| Fundraising | $11,280 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,628 | TotalAmt |
| Program Services | $4,628 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,446 | TotalAmt |
| Program Services | $21,528 | ProgramServicesAmt |
| Management And General | $66,918 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,400 | TotalAmt |
| Fundraising | $38,400 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,105 | TotalAmt |
| Program Services | $1,000 | ProgramServicesAmt |
| Management And General | $1,105 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,035 | TotalAmt |
| Program Services | $75 | ProgramServicesAmt |
| Management And General | $540 | ManagementAndGeneralAmt |
| Fundraising | $420 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,153 | TotalAmt |
| Program Services | $16,936 | ProgramServicesAmt |
| Management And General | $7,401 | ManagementAndGeneralAmt |
| Fundraising | $4,816 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,882 | TotalAmt |
| Program Services | $7,237 | ProgramServicesAmt |
| Management And General | $1,340 | ManagementAndGeneralAmt |
| Fundraising | $4,305 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $620 | TotalAmt |
| Program Services | $374 | ProgramServicesAmt |
| Management And General | $246 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,412 | TotalAmt |
| Program Services | $5,211 | ProgramServicesAmt |
| Management And General | $4,705 | ManagementAndGeneralAmt |
| Fundraising | $1,496 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,452 | TotalAmt |
| Program Services | $66,321 | ProgramServicesAmt |
| Management And General | $131 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,166 | TotalAmt |
| Program Services | $17,239 | ProgramServicesAmt |
| Management And General | $3,523 | ManagementAndGeneralAmt |
| Fundraising | $4,404 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,782 | TotalAmt |
| Program Services | $3,275 | ProgramServicesAmt |
| Management And General | $670 | ManagementAndGeneralAmt |
| Fundraising | $837 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| bad debt expense | $13,753,264 | $13,752,398 | $866 | $0 |
| fundraising | $43,794 | $5,770 | $326 | $37,698 |
| consultants | $9,830 | $7,045 | $2,785 | |
| training | $9,587 | $7,324 | $1,217 | $1,046 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,082 | TotalAmt |
| Program Services | $12,139 | ProgramServicesAmt |
| Management And General | $13,727 | ManagementAndGeneralAmt |
| Fundraising | $3,216 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,829,602 | TotalAmt |
| Program Services | $14,349,395 | ProgramServicesAmt |
| Management And General | $223,862 | ManagementAndGeneralAmt |
| Fundraising | $256,345 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,467,732 | BOYAmt |
| EOY | $1,195,009 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,608 | BOYAmt |
| EOY | $1,207,902 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $772,369 | BOYAmt |
| EOY | $379,229 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,676,372 | BOYAmt |
| EOY | $10,574,101 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,438 | BOYAmt |
| EOY | $34,542 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,150,863 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $236,051 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,040,462 | BOYAmt |
| EOY | $914,812 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,000 | BOYAmt |
| EOY | $163,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,651,493 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,978,474 | BOYAmt |
| EOY | $14,468,595 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,662 | BOYAmt |
| EOY | $1,015,361 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,966,324 | BOYAmt |
| EOY | $3,567,668 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,018,986 | BOYAmt |
| EOY | $4,583,029 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,979,305 | BOYAmt |
| EOY | -$4,607,113 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,980,183 | BOYAmt |
| EOY | $14,492,679 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,959,488 | BOYAmt |
| EOY | $9,885,566 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,978,474 | BOYAmt |
| EOY | $14,468,595 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$7,478,410 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $404,488 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | 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 | 0 | FederalGrantAuditRequiredInd |
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 | $410,548 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $185,794 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $154,364 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $205,031 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $279,083 | CurrentTaxYearAmt |
| Total | $1,234,820 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $410,548 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $185,794 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $154,364 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $205,031 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $279,083 | CurrentTaxYearAmt |
| Total | $1,234,820 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,234,820 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $579,420 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $480,111 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,754 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,394 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,813,489 | CurrentTaxYearAmt |
| Total | $3,976,168 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $38,130 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $362,004 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $366,073 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,990,235 | CurrentTaxYearAmt |
| Total | $4,756,442 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $9,967,430 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,892,624 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.12390 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64210 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests PY170 | Yes (X) | ThirtyThrPctSuprtTestsPY170Ind |
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 income - 2013 Amount: $ 13,712. 2014 Amount: $ 11,704. 2015 Amount: $ 11,870. 2016 Amount: $ 2,618. sale of tax credits - 2016 Amount: $ 3,657,500. fundraising income - 2014 Amount: $ 324,015. 2015 Amount: $ 328,763. 2016 Amount: $ 330,117. service fees - 2013 Amount: $ 24,418. 2014 Amount: $ 26,285. 2015 Amount: $ 25,440. | 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
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,079,402 | OtherCostOrOtherBasisAmt |
| Depreciation | $222,905 | DepreciationAmt |
| Book Value | $856,497 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $71,461 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,146 | DepreciationAmt |
| Book Value | $58,315 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $914,812 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Note Payable - BRA | $1,325,000 |
| Line of credit - CEDAC | $427,349 |
| Note Payable - Related Party | $900 |
| CITY OF BOSTON - NHT LOAN | $1,811,159 |
| tenant security deposits | $3,260 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,567,668 | TotalLiabilityAmt |
| 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 | ACDC is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, as amended, except for income taxes on "unrelated business income," if any. For the year ended December 31, 2016, ACDC did not have any "unrelated business income" subject to income taxes; accordingly, no provision for income taxes has been included in the consolidated financial statements. ACDC and its Subsidiaries adopted provisions related to the subsequent recognition and measurement of tax positions. This guidance requires recognition of the financial statement impact of a tax position when it is more-likely-than-not that the position will be sustained upon examination. The Corporation did not identify any uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements. OTLP, TVLLC, and FSLLC have elected to be treated as pass-through entities for income tax purposes and, as such, are not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by the owners on their respective income tax returns. The affiliated entities' federal tax status as pass-through entities is based on the legal status as partnerships or limited liability companies. Accordingly, these affiliated entities are not required to take any tax positions in order to qualify as pass-through entities. The affiliated entities are required and do file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and these affiliated entities have no other tax positions which must be considered for disclosure. HSRLLC as a single member LLC is disregarded for tax purposes. OTC is a C corporation. FSMMLLC, TVMMLLC and HSGMMLLC have elected to be treated as C corporations. These entities are not exempt from income taxes. These entities account for income taxes in accordance with the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for temporary differences between financial statement and income tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. For the year ended December 31, 2016, the entities reported taxable federal and state losses of approximately $21,000 and $20,000, respectively. FSMMLLC, TVMMLLC and HSGMMLLC have immaterial net operating tax loss carryforwards. OTC has net operating loss carryforwards, which are used each year to offset any potential taxable income. As of December 31, 2016, available federal net operating loss carryforwards amounted to approximately $477,000 and will expire at various dates through 2036. State net operating loss carryforwards available to offset future taxable income amounted to approximately $316,000 at December 31, 2016 and will expire at various dates through 2036. At December 31, 2016, the OTC has a gross deferred tax asset totaling approximately $96,000, which relate to the net operating loss carryforwards. OTC has recorded a 100% valuation allowance against the deferred tax asset, as the realization of these assets is not likely to occur. Accordingly, the consolidated statements do not reflect a provision for income taxes or deferred tax assets or liabilities, and the entities have no other tax positions which must be considered for disclosure. Income tax returns filed by ACDC and its subsidiaries are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | 0 | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHELLE MILLER | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 KENT STREET | AddressLine1Txt |
| City | BROOKLINE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02445 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | PROFESSIONAL FUNDRAISER | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $229,001 | GrossReceiptsAmt |
| Retained By Contractor | $38,400 | RetainedByContractorAmt |
| Net To Organization | $190,601 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $229,001 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $38,400 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $190,601 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts Event1 | $291,366 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $4,250 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $287,116 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $224 | NonCashPrizesEvent1Amt |
| Entertainment Event1 | $1,492 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $7,259 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Event2 | $35,660 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $35,660 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $4,663 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $3,263 | RentFacilityCostsEvent2Amt |
| Entertainment Event2 | $1,508 | EntertainmentEvent2Amt |
| Gross Receipts Other Events | $3,091 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $3,091 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $500 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $806 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $330,117 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $4,250 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $325,867 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $4,887 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $3,263 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $500 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $3,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,065 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $19,715 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $306,152 | NetIncomeSummaryAmt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | in kind contributions for golf outing | Desc |
| Contribution | 0 | ContributionCnt |
| Noncash Contributions Rpt F990 | $36,110 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | fmv | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | CLASSES OF MEMBERS OR STOCKHOLDERS ORGANIZATION HAS DOMESTIC MEMBERS. |
| Form 990, Part VI, Section A, line 7a | ELECTION OF MEMBERS AND THEIR RIGHTS ORGANIZATION MEMBERS DO ELECT MEMBERS FOR GOVERNING BOARD. |
| Form 990, Part VI, Section A, line 7b | DECISIONS SUBJECT TO APPROVAL OF MEMBERS MAJOR DECISIONS ARE DECIDED BY GOVERNING BOARD. |
| Form 990, Part VI, Section B, line 11b | Organizations process to review form 990 - form 990 was reviewed by admin personnel and board finance committee before filing. |
| Form 990, Part VI, Section B, line 12c | ACDC requires all board members to complete a conflict of interest disclosure on an annual basis. Any disclosure of potential conflict is discussed by the board. |
| Form 990, Part VI, Section B, line 15 | COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION IS DETERMINED BY THE GOVERNING BOARD. |
| Form 990, Part VI, Section C, line 19 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCS AND RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| form 990 part xii, line 2c | THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|
| ACDC HUDSON STREET REVIVAL LLC | ||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 000955891 | MA | ACDC |
| SUN YI LLC | ||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 000811742 | DE | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OAK TERRACE LIMITED PARTNERSHIP | |||||||||||||
| 888 WASHINGTON STREET | BOSTON | MA | 02111 | 043137617 | REAL ESTATE | MA | RELATED | -$2,434,486 | $6,115,085 | 0 | 0 | 0.99000 | |
| ACDC FORT STREET LLC | |||||||||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 263319550 | REAL ESTATE | MA | N/A | ||||||
| ACDC TREMONT VILLIAGE LLC | |||||||||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 364783399 | REAL ESTATE | MA | N/A | ||||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OAK TERRACE CORPORATION | ||||||||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 043137171 | GP OF OTLP | MA | ACCD | C | -$17,210 | $711 | 0.79000 | Yes (1) |
| ACDC FORT ST MM LLC | ||||||||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 272746012 | REAL ESTATE | MA | ACDC | C | -$1,482 | $71 | 0.79000 | Yes (1) |
| ACDC TREMONT VILLIAGE MM LLC | ||||||||||||
| 38 OAK STREET | BOSTON | MA | 02111 | 465346551 | REAL ESTATE | MA | ACDC | C | -$1,085 | 0.79000 | Yes (1) | |
| HUDSON STREET GATEWAY MM LLC | ||||||||||||
| 75 STATE STREET | BOSTON | MA | 02109 | 811152554 | REAL ESTATE | MA | ACDC | C | -$159 | 1.00000 | Yes (1) | |
| 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 | 0 | 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 | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| OAK TERRACE LP ASSET MGMT FEES | ||
| L | $50,000 | EARNED VALUE |
| OAK TERRACE LP RENT CHARGED | ||
| L | $49,656 | EARNED VALUE |
| ACDC FORT STREET LLC INTEREST EXPENSE | ||
| L | $85,612 | EARNED VALUE |
| ACDC TREMONT VILLAGE LLC INTEREST EXPENSE | ||
| L | $107,512 | EARNED VALUE |
| OAK TERRACE LP INTEREST EXPENSE | ||
| L | $2,487,890 | EARNED VALUE |
| OAK TERRACE LP INTERCOMPANY BALANCE | ||
| E | $51,444 | EARNED VALUE |
| OAK TERRACE LP INTERCOMPANY BALANCE | ||
| E | $3,777,648 | EARNED VALUE |
| ACDC TREMONT VILLAGE LLC INTERCOMPANY BALANCE | ||
| E | $62,871 | EARNED VALUE |
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