2014-09-23T09:24:50-05:00 2013-12-31 043035636 LEE YEE & COMPANY PC 195 WORCESTER ST STE 201 WELLESLEY HILLS MA 02481 990 2013-01-01 042988263 ASIAN COMMUNITY DEVELOPMENT CORPORA ASIA 6174822380 38 OAK STREET BOSTON MA 02111 PAUL LEE PRESIDENT 6174822380 2014-08-01 true GARY F YEE P00956493 7812372525 2014-09-22 2013 2015-11-30 17:44:51Z PAUL W LEE 38 OAK STREET BOSTON MA 02111 1128935 false X WWW.ASIANCDC.ORG X 1987 MA TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC, AND LEADERSHIP DEVELOPMENT. 19 19 8 0 410548 185794 579420 249396 0 1770326 593056 2760294 1028246 0 0 461955 537678 0 0 1139367 1009503 1601322 1547181 1158972 -518935 30085184 29745420 8189191 8358362 21895993 21387058 TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC, AND LEADERSHIP DEVELOPMENT. false false 1077067 DEVELOP PHYSICAL COMMUNITY ASSETS, INCLUDING AFFORDABLE HOUSING FOR RENT AND OWNERSHIP; PROMOTE ECONOMIC DEVELOPMENT; BUILD LEADERSHIP AND COMMUNITY CAPACITY TO ADVOCATE FOR THE COMMUNITY. 1077067 true true false false false false false false false false true false false true true true false true false false false false false false true false false false false false false false false false false false false false false false false false true true false false false true 0 0 8 true false false false false false true true false false false false false false X 19 19 false false false false true true true true true false false true true true true true true true true false MA X THE ORGANIZATION 6174822380 38 OAK STREET BOSTON MA 02111 X NICK CHAU DIRECTOR 1.00 X 0 0 0 CHONG CHOW DIRECTOR 1.00 X 0 0 0 MICHAEL S GRECO CLERK/DIRECT 1.00 X X 0 0 0 SONI GUPTA DIRECTOR 1.00 X 0 0 0 AMY CHEUNG DIRECTOR 1.00 X 0 0 0 TERRY KWAN VP/DIRECTOR 1.00 X X 0 0 0 PAUL W LEE PRESIDENT/DI 1.00 X X 0 0 0 HARVEY LEONG DIRECTOR 1.00 X 0 0 0 YONGMEI CHEN DIRECTOR 1.00 X 0 0 0 ZENA LUM DIRECTOR 1.00 X 0 0 0 PETER MADSEN DIRECTOR 1.00 X 0 0 0 MARILYN SHEN DEPETRO DIRECTOR 1.00 X 0 0 0 MICHAEL TOW DIRECTOR 1.00 X 0 0 0 JEFFREY WONG TREASURER/DI X X 0 0 0 GEOFFREY WHY VICE TREASUR 1.00 X X 0 0 0 EUGENE H HO DIRECTOR 1.00 X 0 0 0 REBECCA A LEE DIRECTOR 1.00 X 0 0 0 BRIAN MOY DIRECTOR 1.00 X 0 0 0 THATSADA SETHAPHONG DIRECTOR 1.00 X 0 0 0 false false false 185794 185794 ASSET MANAGEMENT 203941 203941 REAL ESTATE DEVELOPMENT 45455 45455 249396 480111 56508 423603 423603 423603 175504 44181 131323 SERVICE FEES 24418 24418 MISCELLANEOUS 11554 11554 ACCRUED INTEREST ON NOTE REC 2158 2158 38130 1028246 711129 449131 403033 46098 48001 41752 6249 40546 36542 4004 75309 75309 30937 30937 1360 1189 171 18781 15596 3185 15028 13516 1512 2940 1931 1009 4740 4638 102 224617 224216 401 320609 320609 22401 21150 1251 REPAIR AND MAINTENANCE 100923 99941 982 UTILITIES 55298 55298 BAD DEBT EXPENSE 50457 50457 REAL ESTATE TAXES 39613 39613 46490 43343 3147 1547181 1077067 470114 0 912305 1112355 838997 596412 329285 286676 2856213 2856213 7665 7953 11431241 650064 11035495 10781177 163000 143000 154647 144540 13787577 13817094 30085184 29745420 94597 113631 8094594 8244731 8189191 8358362 X 1719567 1939190 20176426 19447868 21895993 21387058 30085184 29745420 -518935 10000 X false true X true false X 577035 376953 130635 410548 185794 1680965 577035 376953 130635 410548 185794 1680965 1680965 51133 26200 579420 656753 2337718 943141 0.71910 0.23920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11431241 650064 10781177 10781177 OTHER ASSETS 13817094 13817094 6 FORT STREET PREDEVELOPMENT LOANS 3750426 NOTE PAYABLE - RELATED PARTY 1800900 NOTE PAYABLE - BRA 1325000 ACCRUED INTEREST PAYABLE - NHT 1256873 SECURITY DEPOSIT 31573 CURRENT PORTION OF LONG TERM DEBT 29959 LINE OF CREDIT - BOA 25000 NOTE PAYABLE - LISC 25000 8244731 X SCHEDULE D, PAGE 3, PART X ACDC IS A QUALIFIED TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C) (3) AND, ACCORDINGLY, NO INCOME TAX PROVISION IS REQUIRED. OTLP AND FSLLC ARE NOT LIABLE FOR FEDERAL INCOME TAXES AS THE PARTNERSHIPS INCOME OR LOSS IS ALLOCATED TO THE PARTNERS FOR INCOME TAX PURPOSES. OTLP AND FSLLC EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. OTLP AND FSLLC BELIEVE THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX YEARS. FUNDRAISING EVE 175504 175504 44181 175504 175504 44181 44181 131323 FORM 990, PAGE 6, PART VI, LINE 6 ORGANIZATION HAS DOMESTIC MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A ORGANIZATION MEMBERS DO ELECT MEMBERS FOR GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 7B MAJOR DECISIONS ARE DECIDED BY GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS REVIEWED BY ADMIN PERSONNEL BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL MEETING MEMBERS REAFFIRMED CONFLICT OF INTEREST POLICY AND DISCUSS WHETHER VIOLATIONS HAVE TAKEN PLACE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS DETERMINED BY THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS DETERMINED BY THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCS AND RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 2,052 FORM 990, PART XI, LINE 9 ACDC FORT STREET LLC CAPITAL CONTRIBUTION 10,000 6 FORT STREET LLC 38 OAK STREET BOSTON MA 02111 263319550 SOLE MEMBE MA -31 -69 NA OAK TERRACE CORPORATION 38 OAK STREET BOSTON MA 02111 043137171 GP OF OAK MA NA C CORP -21101 -190188 1.00000 false false false false false false false false false false false false true false false false false false false false DEVELOPER FEE FROM FORT STREET LLC L 45455 CASH VALUE