2015-11-16T11:27:59-06:00 2014-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2014-01-01 043246555 BOSTON COMMUNITY CAPITAL INC BOST 6174278600 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 ELYSE CHERRY CEO 6174278600 2015-11-12 1 THOMAS WASHBURN CPA P00537319 5083669100 2015-11-12 2014 2016-04-25 22:37:26Z X ELYSE CHERRY 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 3534153 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 43 8 0 0 1582119 1178635 1202795 2347563 2594 7955 0 0 2787508 3534153 0 0 0 0 580775 633268 0 0 21619 1310864 1170830 1891639 1804098 895869 1730055 6251667 12811218 2492345 7321841 3759322 5489377 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 625288 2103871 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. 83671 230329 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. 48860 13363 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 ABANDOMENT. 757819 1 1 0 1 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 13 0 1 43 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 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 93971 532503 19245 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 15.00 25.00 X X 116817 194695 28946 MICHELLE VOLPE SENIOR VP & EX-OFFICIO 0.00 40.00 X X 0 224407 23060 ANDREW CHEN MANAGING DIRECTOR 28.00 12.00 X 174079 74605 31889 SHARON SHEPARD MANAGING DIRECTOR 0.00 40.00 X 0 246522 25136 E MATTHEW GAUTIERI CONTROLLER 3.00 37.00 X 14630 168240 25815 JESSICA BROOKS DIRECTOR OF DEVELOPMENT 4.00 36.00 X 16608 149471 27771 RACHAEL DORR GENERAL MANAGER 0.00 40.00 X 0 158291 17981 MICHAEL NILLES SENIOR LENDER 0.00 40.00 X 0 137162 27924 416105 1885896 227767 3 0 1 0 G2 TECHNOLOGY 320 CONGRESS STREET BOSTON MA 02210 IT NETWORK SUPPORT 220065 BERLIN ROSEN 15 MAIDEN LANE SUITE 1600 NEW YORK NY 10038 MARKETING 178437 HEARTWOOD GROUP INC 165 EVERGREEN STREET PROVIDENCE RI 02906 ENERGY CONSERVATION/PROJECT MGMT 105750 3 1000000 178635 1178635 PROGRAM REVENUE & FEES 900099 2270060 2270060 INTEREST ON LOANS 900099 77503 77503 2347563 7955 7955 3534153 2347563 0 7955 X 420931 189418 219936 11577 139939 62973 73119 3847 6122 2755 3199 168 31230 14053 16318 859 35046 15770 18312 964 83049 36894 46155 18997 4747 13728 522 330286 148629 181657 304198 135260 165318 3620 10184 2862 7322 56558 25451 31058 49 53491 24071 29420 527 237 290 103099 103099 177195 79738 97457 29821 13419 16402 MISCELLANEOUS 2830 1274 1543 13 EQUIPMENT RENTAL & MAIN 595 268 327 1804098 757819 1024660 21619 2349539 2341995 426610 428960 11653 241696 136318 147376 1236576 41890 175627 1194686 2341640 6574543 810280 1881962 6251667 12811218 643535 874502 810280 878003 107500 2843309 931030 2726027 2492345 7321841 X 2639828 4388095 1119494 1101282 3759322 5489377 6251667 12811218 1730055 0 X X 0 1 X 1 1 1 X 1190935 2245185 1356698 1582119 1178635 7553572 1190935 2245185 1356698 1582119 1178635 7553572 4344460 3209112 11355 7152 2772 2594 7955 31828 7585400 4789770 0.42310 0.38340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 1 0 1 855 0 0 855 0 PART II-B, LINE 1: CERTAIN EMPLOYEES OF BOSTON COMMUNITY CAPITAL, INC. MET WITH VARIOUS MASSACHUSETTS SENATORS AND REPRESENTATIVES OVER THE COURSE OF THE YEAR TO EXPRESS CONCERNS ABOUT PROPOSED STATE LEGISLATION TO ENSURE SOLAR ACCESS FOR LOW INCOME COMMUNITIES. 0 1 X 1087217 8773 1078444 149359 33117 116242 1194686 INVESTMENT IN SOLAR ENERGY ADVANTAGE, INC. 800000 C INVESTMENT IN WEGOWISE, INC. - NET 1541640 C LOANS RECEIVABLE 4232903 C 6574543 ESCROW FUNDS 878003 LOAN LOSS RESERVES 1003959 1881962 DUE TO AFFILIATE 2726027 2726027 X PART IV, LINE 2B: THE HOLDING COMPANY AND NSP HELD A CASH BALANCE OF $878,003 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/14 RELATED TO A PROPERTY IT HAD OWNED DURING 2014. 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 CONSOLIDATING 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 CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2014. X X X X 0 0 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 56471 320003 37500 212500 0 0 1648 9340 1239 7018 96858 548861 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 92442 154070 24375 40625 0 0 3937 6561 6918 11530 127672 212786 0 0 MICHELLE VOLPE SENIOR VP & EX-OFFICIO 0 169407 0 55000 0 0 0 8138 0 14922 0 247467 0 0 ANDREW CHEN MANAGING DIRECTOR 156579 67105 17500 7500 0 0 6951 2979 15371 6588 196401 84172 0 0 SHARON SHEPARD MANAGING DIRECTOR 0 226522 0 20000 0 0 0 9930 0 15206 0 271658 0 0 E MATTHEW GAUTIERI CONTROLLER 13670 157200 960 11040 0 0 605 6961 1460 16789 16695 191990 0 0 JESSICA BROOKS DIRECTOR OF DEVELOPMENT 15108 135971 1500 13500 0 0 630 5669 2147 19325 19385 174465 0 0 RACHAEL DORR GENERAL MANAGER 0 138291 0 20000 0 0 0 5693 0 12288 0 176272 0 0 MICHAEL NILLES SENIOR LENDER 0 127162 0 10000 0 0 0 5965 0 21959 0 165086 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE CEO, FINANCIAL CONSULTANT, 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 IX, LINE 11G BUSINESS CONSULTANTS: PROGRAM SERVICE EXPENSES 148,629. MANAGEMENT AND GENERAL EXPENSES 181,657. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 330,286. FORM 990, PART XII, LINE 2C: PART XII, LINE 2C. 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