2025-11-16T12:20:25-06:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 043246555 BLUEHUB CAPITAL INC BLUE 6174278600 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 JACQUELYN BARRY HAMILTON CHIEF FINANCIAL OFFICER 6174278600 2025-11-14 1 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2025-11-14 2024 2025-03-06 01:10:19Z X ELYSE CHERRY 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 2366821 0 X HTTPS://BLUEHUBCAPITAL.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 9 56 9 0 0 619 108031 447830 1890622 305135 368047 344 121 753928 2366821 0 0 0 0 332623 421063 0 0 111299 3130009 884672 3462632 1305735 -2708704 1061086 12694943 16122451 4193827 4560249 8501116 11562202 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 482943 1100121 BLUEHUB 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. THESE DEVELOPER FEES FOR ALL FUTURE PROJECTS ARE NOW EARNED BY SOLAR ENERGY ADVANTAGE INC. DIRECTLY AND WILL NO LONGER BE INCLUDED ON SCHEDULE R. 534872 790622 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. 1017815 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 9 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X E MATTHEW GAUTIERI CONTROLLER 6174278600 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 10.00 30.00 X X 242010 726027 244082 KAREN KELLEHER PRES. LOAN FUND, EX-OFFICIO BOARD MEM. 0.00 40.00 X X 0 305695 37788 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 3.00 X X 0 0 0 REESE FAYDE VICE CHAIR 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 MERCEDES TOMPKINS BOARD MEMBER 1.00 3.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 3.00 X 0 0 0 LISA ZAPPALA EVP, CFO (UNTIL 9/2024) 18.00 22.00 X 194499 237720 81864 DEWITT JONES PRESIDENT, BLUEHUB ENERGY 0.00 40.00 X 0 250215 99766 JACQUELYN BARRY HAMILTON CFO (AS OF 9/2024) 40.00 0.00 X 85077 0 10209 BRENDA LOYA CHIEF OPERATING OFFICER 40.00 0.00 X 271892 0 41289 MICHAEL NILLES SVP, COMMERCIAL LENDING, TEAM LEADER 0.00 40.00 X 0 269026 39264 LUBNA ELIA CHIEF ADMINISTRATIVE OFFICER 40.00 0.00 X 265600 0 17040 E MATTHEW GAUTIERI SVP, CONTROLLER 20.00 20.00 X 118767 118767 58799 ARUNABHA CHAKRAVARTY SVP, PORTFOLIO MANAGEMENT 0.00 40.00 X 0 223208 31251 1177845 2130658 661352 8 0 1 0 SHERIN AND LODGEN 101 FEDERAL STREET BOSTON MA 02110 LEGAL SERVICES 387203 SKYTERRA TECHNOLOGIES LLC 402 AMHERST STREET SUITE 303 NASHUA NH 03063 IT NETWORK SUPPORT 302783 SHANNON WEISS 2 OLD SANDWICH ROAD PLYMOUTH MA 02360 HR RECRUITING 158735 BERLIN ROSEN LTD 14 MALDEN LANE SUITE 1600 NEW YORK NY 10038 MARKETING WEB DESIGN 141130 RISK STRATEGIES 160 FEDERAL STREET BOSTON MA 02110 INSURANCE 138946 6 108031 108031 PROGRAM REVENUE & FEES 900099 1890622 1890622 1890622 368047 368047 MISCELLANEOUS REVENUE 900099 121 121 121 2366821 1890743 0 368047 387846 308130 77494 2222 1493 1133 360 11938 5377 6401 160 19786 15006 4649 131 615140 615140 26468 25577 891 106308 106308 14724 14194 92 438 114903 51706 62048 1149 7129 7129 1305735 1017815 176621 111299 3092364 3154988 4759076 6010723 2228 241962 334323 3128413 1510450 153762 1617963 4447779 5002226 12694943 16122451 1623972 1798939 2363662 2761310 206193 0 4193827 4560249 X 8180610 11441696 320506 120506 8501116 11562202 12694943 16122451 X 1061086 2000000 X X 0 1 X 1 1 1 X 116428 82475 1110623 619 108031 1418176 1853910 1969454 1882756 447830 1890622 8044572 1970338 2051929 2993379 448449 1998653 9462748 21604 21604 1001979 1087663 1225987 353362 1523137 5192128 1023583 1087663 1225987 353362 1523137 5213732 4249016 152726 37589 20791 305135 368047 884288 152726 37589 20791 305135 368047 884288 130 344 121 595 2123064 2089518 3014300 753928 2366821 10347631 0.41060 0.46810 0.08550 0.05130 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 130. 2023 AMOUNT: $ 344. 2024 AMOUNT: $ 121. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2783007 1180478 1602529 345406 329972 15434 1617963 ESCROW FUNDS 2761310 DUE FROM AFFILIATE 941201 RESTRICTED DEPOSITS 1299715 5002226 X PART IV, LINE 2B: BLUEHUB CAPITAL HELD A CASH BALANCE OF $2,761,310 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/24, OF WHICH $2,761,310 IS RESERVE MONEY HELD BY BLUEHUB CAPITAL FOR FEDERAL RESERVE BANK OF BOSTON. 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, 2024. THE CORPORATION DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE-MONTHS. X X X X 0 1 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 118911 356732 80000 240000 43099 129295 39063 194137 2720 8162 283793 928326 15138 72362 LISA ZAPPALA EVP, CFO (UNTIL 9/2024) 125481 153366 36000 44000 33018 40354 14866 41252 11586 14160 220951 293132 6488 31012 DEWITT JONES PRESIDENT, BLUEHUB ENERGY 0 79752 0 100000 0 70463 6488 43294 0 49984 6488 343493 6488 31012 KAREN KELLEHER PRES. LOAN FUND, EX-OFFICIO BOARD ME 0 275695 0 30000 0 0 0 18540 0 19248 0 343483 0 0 BRENDA LOYA CHIEF OPERATING OFFICER 246892 0 25000 0 0 0 16235 0 25054 0 313181 0 0 0 MICHAEL NILLES SVP, COMMERCIAL LENDING, TEAM LEADER 0 229026 0 40000 0 0 0 14898 0 24366 0 308290 0 0 E MATTHEW GAUTIERI SVP, CONTROLLER 107767 107767 11000 11000 0 0 7473 7473 21926 21927 148166 148167 0 0 LUBNA ELIA CHIEF ADMINISTRATIVE OFFICER 225600 0 40000 0 0 0 15216 0 1824 0 282640 0 0 0 ARUNABHA CHAKRAVARTY SVP, PORTFOLIO MANAGEMENT 0 198208 0 25000 0 0 0 12792 0 18459 0 254459 0 0 PART I, LINE 4B ELYSE CHERRY, CEO, 457F PLAN. DEWITT JONES, EXECUTIVE VP, 457F PLAN. LISA ZAPPALA, CFO, 457F PLAN. SCHEDULE J, PART II: ELYSE CHERRY, INCLUDED IN PART II, COLUMN B (III) IS A $162,500 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $87,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $1,124,619. DEWITT JONES, INCLUDED IN PART II, COLUMN B (III) IS A $75,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $37,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $312,482. LISA ZAPPALA, INCLUDED IN PART II, COLUMN B (III) IS A $75,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $37,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $476,583. 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 XI, LINE 9: TRANSFER OF NET ASSETS WITHOUT DONOR RESTRICTIONS 2,000,000. 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. NSP RESIDENTIAL LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 263638703 TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. MA 1068866 6298988 BLUEHUB CAPITAL INC BCC SEA INVESTMENT FUND MANAGER LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 275485348 TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. MA 0 0 BLUEHUB CAPITAL INC BCLF VENTURES INC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 043246552 COMMUNITY VENTURE CAPITAL MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 1 BCLF MANAGED ASSETS CORP 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 043246547 DEVELOPS NEW BUSINESS INITIATIVES AND FUNDING VEHICLES FOR LOW INCOME MA 501(C)(3) PF BLUEHUB CAPITAL INC 1 BLUEHUB LOAN FUND INC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 222593378 COMMUNITY LENDING MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 1 ONE PERCENT FOR AMERICA INC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 862813192 COMMUNITY LENDING MA 501(C)(3) LINE 10 BLUEHUB CAPITAL INC 1 BCLF VENTURES II LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 043541544 TO MAKE INVESTMENTS IN BUSINESS THAT BENEFIT LOW-INCOME PEOPLE AND COMM. MA N/A 0 0 SUN INITIATIVE FINANCING LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 271367185 TO FINANCE THE OPERATIONS OF THE STABILIZING URBAN NEIGHBORHOODS INITIATIVE MA NSP RESIDENTIAL LLC RELATED 106802 15419428 0 1 0.50000 BCC NMTC CDE XXIV LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472160326 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXVIII LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472180069 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXIX LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472180884 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXI LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472194680 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXII LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472203495 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXIII LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472203766 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXIV LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 820956337 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXVI LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472166990 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXX LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472194307 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXV LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 820965248 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXVI LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 820982857 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXVII LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 821011614 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC NMTC CDE XXXVIII LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 821019978 TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS MA N/A 0 0 BCC SOLAR ENERGY ADVANTAGE INC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 262877536 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA BLUEHUB CAPITAL INC C 704201 6564343 1.00000 1 BCC NMTC CDE XXV LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472160720 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA N/A C 0 BCC NMTC CDE XXVII LLC 1785 COLUMBUS AVENUE 6TH FLOOR BOSTON MA 02119 472167286 TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS MA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 BLUEHUB LOAN FUND INC O 5082950 CONTRACT TERMS BLUEHUB LOAN FUND INC N 1194213 CONTRACT TERMS BCLF MANAGED ASSETS O 596212 CONTRACT TERMS BCLF VENTURES INC O 77368 CONTRACT TERMS ONE PERCENT FOR AMERICA INC O 1276780 CONTRACT TERMS BCLF MANAGED ASSETS N 62895 CONTRACT TERMS ONE PERCENT FOR AMERICA INC N 88870 CONTRACT TERMS