2017-11-03T07:22:41-05:00 2016-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2016-01-01 043246555 BOSTON COMMUNITY CAPITAL INC BOST 6174278600 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 LISA ZAPPALA CHIEF FINANCIAL OFFICER 6174278600 2017-10-18 1 THOMAS WASHBURN CPA P00537319 5083669100 2017-10-11 64.238.141.162 2017-10-18 11:30:57 ED P BC5926B0E490F04D1ABA71567B078B8614800D21 E389E89C54D8B2D0E67DFD5473BAB8CDEAF766EE 2016 2021-01-29 14:40:06Z LISA ZAPPALA 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 3183559 0 X WWW.BOSTONCOMMUNITYCAPITAL.ORG X 1994 MA TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES. 11 8 46 8 0 0 1121044 73535 2254068 3089589 17833 20435 0 0 3392945 3183559 0 0 0 0 805641 768206 0 0 31181 1424372 1905760 2230013 2673966 1162932 509593 23715786 34630708 17063477 27468806 6652309 7161902 TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES. 0 0 551890 1257781 BOSTON COMMUNITY CAPITAL WAS FORMED AS A HOLDING COMPANY THAT OVERSEES ADMINISTRATION, FINANCE, HUMAN RESOURCES, AND INVESTOR RELATIONS FOR THE ORGANIZATION AND ITS AFFILIATES. THE HOLDING COMPANY HAS ACTED AS DEVELOPER FOR ALL SOLAR ENERGY PROJECTS OWNED AND OPERATED TO DATE BY SOLAR ENERGY ADVANTAGE, INC., A CORPORATION WHICH IT OWNS 100% (SEE SCHEDULE R) AND HAS EARNED DEVELOPER FEES FOR THESE SERVICES. 121243 509488 NSP RESIDENTIAL, LLC (NSP) WAS FORMED TO COMBAT COMMUNITY DETERIORATION AND IMPROVE GENERAL CONDITIONS WHERE LOW-INCOME PEOPLE LIVE AND WORK. NSP PURCHASES RESIDENTIAL PROPERTIES AND REHABILITATES THEM TO RENT OR SELL TO LOW-INCOME INDIVIDUALS. 1045328 1322320 SUN INITIATIVE FINANCING II, LLC (SUN II) WAS FORMED TO FINANCE ADDITIONAL OPERATIONS OF THE SUN INITIATIVE WHICH IS TO PREVENT THE DISPLACEMENT OF FAMILIES AND NEIGHBORHOOD DESTABILIZING EFFECTS OF VACANCY AND ABANDONMENT. 1718461 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 121 0 1 46 1 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X E MATTHEW GAUTIERI CONTROLLER 6174278600 10 MALCOLM X BLVD GROUND FLOOR BOSTON MA 02119 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 3.00 X X 0 0 0 SARAH C LINCOLN TREASURER OF THE BOARD 1.00 3.00 X X 0 0 0 REVEREND JAMES WALSH SJ CLERK OF THE BOARD 1.00 3.00 X X 0 0 0 EDWARD DUGGER III BOARD MEMBER 1.00 3.00 X 0 0 0 JULIE GOULD BOARD MEMBER 1.00 3.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 3.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 3.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 3.00 X 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 6.00 34.00 X X 169645 508935 19366 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 10.00 30.00 X X 84214 252639 30233 MICHELLE VOLPE SENIOR VP & EX-OFFICIO 1.00 40.00 X X 0 254181 24737 LISA ZAPPALA CFO 3.00 29.00 X 22719 53007 4347 ANDREW CHEN MANAGING DIRECTOR 28.00 12.00 X 138332 59285 32344 SHARON SHEPARD MANAGING DIRECTOR 0.00 40.00 X 36694 207930 27520 E MATTHEW GAUTIERI CONTROLLER 3.00 37.00 X 58620 133577 27576 JESSICA BROOKS DIRECTOR OF DEVELOPMENT 4.00 36.00 X 27801 157534 30367 SARAH KITTERMAN SENIOR LENDER 0.00 30.00 X 0 137003 6714 MICHAEL NILLES SENIOR LENDER 1.00 40.00 X 0 150967 30187 538025 1915058 233391 3 0 1 0 BERLIN ROSEN 15 MAIDEN LANE SUITE 1600 NEW YORK NY 10038 MARKETING 184494 G2 TECHNOLOGY 320 CONGRESS STREET BOSTON MA 02210 IT NETWORK SUPPORT 151142 LISA ZAPPALA 10 MALCOLM X BLVD GROUND FLOOR BOSTON MA 02119 FINANCIAL CONSULTING 137916 3 73535 73535 PROGRAM REVENUE & FEES 900099 1759574 1759574 INTEREST ON LOANS 900099 874882 874882 LOAN LOSS RECOVERIES 900099 455133 455133 3089589 20435 20435 3183559 3089589 0 20435 451256 203065 235781 12410 261604 117721 136689 7194 4162 1873 2174 115 20121 9056 10513 552 31063 13979 16230 854 21218 9548 11670 24251 10913 12671 667 48188 21685 26503 411560 182098 222564 6898 10151 4568 5583 81999 36900 44632 467 39746 17886 21860 5835 2626 3209 549672 549672 213862 213862 164703 74116 90587 47647 21441 26206 ENERGY ADVANTAGE COSTS 178791 178791 0 0 MISCELLANEOUS 103650 46642 54984 2024 FINANCING FEES 4487 2019 2468 0 2673966 1718461 924324 31181 2383255 1811542 432865 438427 62538 95523 109348 111193 1343447 350529 1069368 992918 11121392 22446262 8537020 8734843 23715786 34630708 746113 765323 1596597 2496919 8228864 8626104 6491903 15580460 17063477 27468806 X 5570312 6259596 1081997 902306 6652309 7161902 23715786 34630708 509593 0 X X 0 1 X 1 1 1 X 1356698 1582119 1178635 1121044 73535 5312031 1356698 1582119 1178635 1121044 73535 5312031 4482914 829117 2772 2594 7955 17833 20435 51589 5363620 9188766 0.15460 0.40280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1178307 251696 926611 165140 98833 66307 992918 INVESTMENT IN SOLAR ENERGY ADVANTAGE, INC. 800000 C INVESTMENT IN WEGOWISE, INC. - NET 3444431 C LOANS RECEIVABLE 18201831 C 22446262 ESCROW FUNDS 2496919 LOAN LOSS RESERVES 1004360 DUE FROM AFFILIATE 5233564 8734843 DUE TO AFFILIATE 15580460 15580460 X 2633887 -549672 -549672 3183559 0 3183559 2124294 0 2124294 549672 549672 2673966 PART IV, LINE 2B: THE HOLDING COMPANY AND NSP HELD A CASH BALANCE OF $2,496,919 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/16, OF WHICH $2,095,313 IS RESERVE MONEY HELD BY HOLDING COMPANY FOR FEDERAL RESERVE BANK OF BOSTON AND THE REST OF $401,606 IS CUSTOMER DEPOSITS HELD BY NSP FOR PURCHASES OF PROPERTIES. PART X, LINE 2: THE CORPORATION AND ITS OPERATING AFFILIATES ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOAN INTEREST EXPENSE -549,672. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN INTEREST EXPENSE 549,672. X X X X 0 0 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 102145 306435 67500 202500 0 0 2650 7948 2195 6573 174490 523456 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 67964 203889 16250 48750 0 0 2650 7949 4909 14725 91773 275313 0 0 MICHELLE VOLPE SENIOR VP & EX-OFFICIO 0 194181 0 60000 0 0 0 8948 0 15789 0 278918 0 0 ANDREW CHEN MANAGING DIRECTOR 138332 59285 0 0 0 0 6131 2627 16510 7076 160973 68988 0 0 SHARON SHEPARD MANAGING DIRECTOR 36694 207930 0 0 0 0 1590 9008 2537 14385 40821 231323 0 0 E MATTHEW GAUTIERI CONTROLLER 55570 126627 3050 6950 0 0 2445 5569 5967 13595 67032 152741 0 0 JESSICA BROOKS DIRECTOR OF DEVELOPMENT 25101 142234 2700 15300 0 0 1040 5891 3515 19921 32356 183346 0 0 MICHAEL NILLES SENIOR LENDER 0 140967 0 10000 0 0 0 6756 0 23431 0 181154 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, CONTROLLER, AND FINANCE COMMITTEE REVIEW THE 990 BEFORE GOING TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONTROLLER REVIEWS THE ANNUAL SIGNED CONFLICT OF INTEREST POLICIES FOR ANY CONFLICTS TO BE DISCLOSED TO THE BOARD. IF CONFLICTS ARISE, THEY ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 EVERY FEW YEARS, A SALARY SURVEY OF THE INDUSTRY IS PERFORMED TO ENSURE THAT THE ORGANIZATION'S SALARY EXPENSES ARE REASONABLE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO SET THE SALARY RANGES FOR ALL POSITIONS AND TO APPROVE THE CEO'S COMPENSATION FOR THE YEAR. THE EXECUTIVE COMMITTEE KEEPS MINUTES OF EACH MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS AND CFO ARE RESPONSIBLE FOR THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. 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