2025-11-06T14:51:09-06:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 222483475 URBAN EDGE HOUSING CORPORATION URBA 6179899300 1542 COLUMBUS AVENUE ROXBURY MA 02119 SALVATORE BOSCO SENIOR VICE PRESIDENT 6179899300 2025-11-05 1 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2025-11-05 2024 2025-03-06 01:10:19Z SALVATORE BOSCO 1542 COLUMBUS AVENUE ROXBURY MA 02119 13041945 0 X WWW.URBANEDGE.ORG X 1983 MA URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS. 21 21 37 36 0 0 2511423 3489174 7147555 6891660 509488 1578237 768648 862743 10937114 12821814 0 0 0 0 4123638 4454361 0 0 355113 4475562 4426630 8599200 8880991 2337914 3940823 67468338 74669302 12943445 13532222 54524893 61137080 X URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS. 0 0 1769950 3526598 RENTAL PROPERTIES - SUBSIDIZED RENTAL HOUSING IN THE ROXBURY, DORCHESTER, JAMAICA PLAIN, AND MATTAPAN NEIGHBORHOODS OF BOSTON, MASSACHUSETTS. 1431638 1465717 REAL ESTATE DEVELOPMENT - FINANCES THE ACQUISITION AND RENOVATION OF LOW INCOME RENTAL PROPERTIES AND STIMULATES BUSINESS GROWTH AND EMPLOYMENT OPPORTUNITIES. 1925059 COMMUNITY ENGAGEMENT - PROVIDES VITAL SOCIAL SERVICES RELATING TO URBAN EDGE'S ROLE IN THE EGLESTON SQUARE AND JACKSON SQUARE COMMUNITIES. 1671522 881175 COMMUNITY PROGRAMS - DE-LEADING LOANS TO RESIDENTIAL HOMEOWNERS, EDUCATIONAL SERVICES TO HELP RESIDENTS BUY HOMES AND PREVENTION SERVICES TO HELP HOME OWNERS AVOID FORECLOSURE. 337649 1978174 ASSET MANAGEMENT - URBAN EDGE HAS DEVELOPED AND PRESERVED OVER 1,500 UNITS OF AFFORDABLE HOUSING AND CONTINUES TO OPERATE OVER 1,450 UNITS OF HOUSING AND COMMERCIAL SPACE WITHIN OUR PORTFOLIO. THE PURPOSE OF THE ASSET MANAGEMENT FUNCTION IS TO MAINTAIN THE HIGHEST QUALITY AND MOST FINANCIALLY SOUND HOUSING THROUGHOUT OUR RENTAL HOUSING PORTFOLIO. THIS INCLUDES ENSURING FINANCIAL PERFORMANCE, HIGH OCCUPANCY RATES AND MAINTAINING THE PHYSICAL ASSETS. ASSET MANAGEMENT ALSO CHARGED WITH OVERSEEING THE THIRD PARTY PROPERTY MANAGEMENT COMPANY. 2009171 2859349 7135818 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 36 0 1 37 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 MA X SALVATORE BOSCO 6179899300 1542 COLUMBUS AVENUE ROXBURY MA 02119 JOHANNA SMITH PRESIDENT 2.00 X X 0 0 0 SEBASTIAN ZAPATA VICE PRESIDENT 2.00 X X 0 0 0 ANDREW SOBERS TREASURER 2.00 X X 0 0 0 VIVIAN MBA OKOKO ASSISTANT TREASURER 2.00 X X 0 0 0 BENJAMIN FORMAN CLERK 2.00 X X 0 0 0 WANDA ATKINS ASSISTANT CLERK 2.00 X X 0 0 0 JACQUELINE M CUMMINGS-FURTADO EXECUTIVE COMMITTEE MEMBER 2.00 X 0 0 0 ANNE MCKINNON EXECUTIVE COMMITTEE MEMBER 2.00 X 0 0 0 ARMANI WHITE EXECUTIVE COMMITTEE MEMBER 2.00 X 0 0 0 DARLENE ATKINS MEMBER 2.00 X 0 0 0 JEANETTE CALLAHAN MEMBER 2.00 X 0 0 0 MIRELLA CRUZ MEMBER 2.00 X 0 0 0 GENIE CURRY MEMBER 2.00 X 0 0 0 NATACHA DUNKER EXECUTIVE COMMITTEE MEMBER 2.00 X 0 0 0 BRUCE EHRLICH MEMBER 2.00 X 0 0 0 ALISON HAIGHT MEMBER 2.00 X 0 0 0 BERYL HARRIS MEMBER 1.00 X 0 0 0 EDDIE JENKINS MEMBER 2.00 X 0 0 0 AREALUS POUGH MEMBER 2.00 X 0 0 0 DIANE STAFFORD MEMBER 1.00 X 0 0 0 NATHAN ZIELONKA MEMBER 2.00 X 0 0 0 EMILIO DORCELY CHIEF EXECUTIVE OFFICER 40.00 X 238645 0 13265 SALVATORE J BOSCO CFO (UNTIL 2/2024), SENIOR VICE PRESIDENT 30.00 X 218160 0 8726 MICHELLE GOLDBERG CHIEF FINANCIAL OFFICER (AS OF 2/2024) 40.00 X 170080 0 5208 WILLIAM BRAUNER DIRECTOR OF REAL ESTATE 40.00 X 156711 0 7384 ROBERT CREDLE DIRECTOR OF COMMUNITY PROGRAMS 40.00 X 136607 0 5464 JOHANNA SILVERIO-ROMY ASSOCIATE DIRECTOR OF REAL ESTATE 40.00 X 136335 0 4403 MARIA M CACERES DIRECTOR OF PEOPLE AND CULTURE 40.00 X 136235 0 5679 GAIL GRAZIANO CONTROLLER 40.00 X 131968 0 8535 1324741 0 58664 14 0 1 0 HLC AND ASSOCIATES 10 BALDWIN CIRCLE SHREWSBURY MA 01545 CONSULTING 137611 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 AUDIT/TAX/CONSULTING 117285 2 171000 157756 718051 2442367 3489174 RENTAL INCOME 531110 3964581 3964581 PROJECT AND DEVELOPER MANAGEMENT 531390 1083958 1083958 PROGRAM SERVICE FEES 532000 881175 881175 REAL ESTATE FEE INCOME 531390 580187 580187 INTEREST INCOME 531390 381759 381759 6891660 1142678 1142678 484679 49120 435559 435559 435559 73750 157756 171011 -97261 -97261 DEVELOPMENT PROJECT GAINS 531390 960004 960004 960004 12821814 7851664 0 1480976 660083 346829 293083 20171 2886591 2314671 467210 104710 32911 31875 1036 511215 429814 79952 1449 363561 273557 77122 12882 23595 23595 9431 7703 1728 163861 51557 112304 605979 369035 72166 164778 50873 7500 43373 1541128 1471555 57543 12030 683619 629350 25216 29053 39871 25464 14407 22787 11271 11365 151 100741 100741 383052 362553 16255 4244 285276 269512 10376 5388 REPAIRS AND MAINTENANCE 307818 307489 257 72 MISCELLANEOUS EXPENSE 80258 74286 5789 183 EQUIPMENT RENTAL AND PU 65997 65858 137 2 BAD DEBT 33889 33889 28455 28455 8880991 7135818 1390060 355113 13327016 12676390 5467049 4850640 200000 772444 1475026 177116 175922 22872024 8372487 14767092 14499537 16558662 22151810 4269852 4700099 12129107 13939878 67468338 74669302 554867 802371 137771 31588 927035 802460 7428366 8138280 3895406 3757523 12943445 13532222 X 53988004 59594559 536889 1542521 54524893 61137080 67468338 74669302 X 3940823 735022 1936342 X X 0 1 X 1 1 1 X 2008470 2531744 2927803 2511423 3489174 13468614 2008470 2531744 2927803 2511423 3489174 13468614 354198 13114416 264473 127934 522583 737467 1142678 2795135 16263749 43775827 0.80640 0.80700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3198245 3198245 18621684 7353599 11268085 619184 619184 0 432911 399704 33207 14499537 ADVANCES, MORTGAGES AND NOTES RECEIVABLE 4700099 C 4700099 RESTRICTED DEPOSITS 575594 PROJECTS UNDER DEV. NET OF ALLOWANCE 3883758 PROJECT MANAGEMENT FEES AND CONST. RECEIVABLES, NET 2400379 DUE FROM AFFILIATES 4801557 RIGHT-OF-USE ASSETS 2278590 13939878 CONDITIONAL GRANT ADVANCE 1250000 LEASE LIABILITIES 2507523 3757523 X PART X, LINE 2: HOUSING CORP. AND AFFILIATES ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. HOUSING CORP. AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2024. ANNUAL MEETING 231506 157756 73750 46500 29227 95284 231506 157756 73750 46500 29227 95284 171011 -97261 X X 1 0 0 0 0 0 0 1 0 EMILIO DORCELY CHIEF EXECUTIVE OFFICER 221161 0 17484 0 0 0 9786 0 3479 0 251910 0 0 0 SALVATORE J BOSCO CFO (UNTIL 2/2024), SENIOR VICE PRES 202063 0 16097 0 0 0 8726 0 0 0 226886 0 0 0 MICHELLE GOLDBERG CHIEF FINANCIAL OFFICER (AS OF 2/202 123849 0 14231 0 32000 0 5208 0 0 0 175288 0 0 0 WILLIAM BRAUNER DIRECTOR OF REAL ESTATE 142865 0 13846 0 0 0 4985 0 2399 0 164095 0 0 0 PART I, LINE 4A MICHELLE GOLDBERG RECEIVED A SEVERANCE PAYMENT OF $32,000 IN 2024. PART I, LINE 7 MANAGEMENT AWARDS BONUSES TO THE ENTIRE STAFF BOTH AT YEAR END AND DURING THE YEAR BASED ON THE AGENCY'S OPERATING RESULTS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2002-08-28 1768000 TO FINANCE CONSTRUCTION OF THE COMMUNITY CENTER 0 0 0 A 965540 1768000 1768000 2002 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 2 DARLENE ATKINS AND WANDA ATKINS ARE BOTH BOARD MEMBERS AND ARE SISTERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CFO AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN OFF ON A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 URBAN EDGE HOUSING CORPORATION MAKES ITS GOVERNING DOCUMENTS AND CONSOLIDATING FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DISTRIBUTION 660,393. SELLER FINANCING - LOAN AND INTEREST PAYMENT 2,221,594. TRANSFER OF NET ASSETS -945,645. FORM 990, PART XII, LINE 2C: URBAN EDGE HOUSING CORPORATION HAS A FINANCE COMMITTEE THAT PROVIDES OVERSIGHT TO THE AUDIT PROCESS AND IS IN CHARGE OF THE REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) MILDRED HAILEY 1B GP LLC C/O URBAN HOUSING CORPORATION (THE TAXPAYER) EIN #86-3240129 1542 COLUMBUS AVENUE ROXBURY, MA 02119 THE TAXPAYER, A TAX EXEMPT CONTROLLED ENTITY, HEREBY ELECTS UNDER SECTION 168 (H)(6)(F)(II) TO NOT BE TREATED AS A TAX EXEMPT ENTITY UNDER PARAGRAPHS 5 AND 6 OF SECTION 168(H). THE TAXPAYER HOLDS 0.01% OWNERSHIP INTEREST IN MILDRED HAILEY 1B LIMITED PARTNERSHIP (EIN 92-2691346), WHICH IS TREATED AS A PARTNERSHIP FOR TAX PURPOSES. URBAN EDGE HOUSING CORPORATION (EIN: 22-2483475) IS A TAX EXEMPT ENTITY THAT HOLDS 21% OF THE STOCKHOLDER INTEREST IN THE TAXPAYER. THIS ELECTION APPLIES TO ALL THE TAXPAYER'S PROPERTY, AND APPLIES TO THE TAXABLE YEAR THAT THE TAXPAYER'S PROPERTY IS PLACED IN SERVICE AND ALL SUBSEQUENT YEARS. 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