2014-11-12T17:11:39-06:00 2013-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2013-01-01 043246555 BOSTON COMMUNITY CAPITAL INC BOST 6174278600 56 WARREN ST NO 300 ROXBURY MA 02119 ELYSE CHERRY CEO 6174278600 2014-11-12 1 THOMAS WASHBURN CPA P00537319 5083669100 2014-11-12 2013 2015-11-30 17:44:51Z ELYSE CHERRY 56 WARREN ST NO 300 ROXBURY MA 02119 2787508 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 41 0 0 0 1169198 1582119 294751 1202795 2772 2594 0 0 1466721 2787508 0 0 0 0 430958 580775 0 0 20613 1667343 1310864 2098301 1891639 -631580 895869 5855549 6251667 2992096 2492345 2863453 3759322 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 716657 1040003 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. 169825 162792 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. 10252 SUN INITIATIVE FINANCING II, LLC (SUN II) WAS FORMED TO FINANCE ADDITIONAL OPERATIONS OF SUN INITIATIVE WHICH IS TO PREVENT THE DISPLACEMENT OF FAMILIES AND NEIGHBORHOOD DESTABILIZING EFFECTS OF VACANCY AND ABANDOMENT. 896734 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 13 0 1 41 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 56 WARREN AVE ROXBURY MA 02119 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 SARAH C LINCOLN TREASURER OF THE BOARD 1.00 X X 0 0 0 REVEREND JAMES WALSH SJ CLERK OF THE BOARD 1.00 X X 0 0 0 EDWARD DUGGER III BOARD MEMBER 1.00 X 0 0 0 JULIE GOULD BOARD MEMBER 1.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 X 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEM 40.00 X X 129999 519996 17494 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 40.00 X X 112370 187284 27101 MICHELLE VOLPE SENIOR VP & EX-OFFICIO BOA 40.00 X X 0 212472 23685 ANDREW CHEN MANAGING DIRECTOR 40.00 X 98501 192215 30819 SHARON SHEPARD MANAGING DIRECTOR 40.00 X 0 288535 24239 E MATTHEW GAUTIERI CONTROLLER 40.00 X 20978 157337 25021 JESSICA BROOKS DIRECTOR OF DEVELOPMENT 40.00 X 39661 118984 27006 MICHAEL NILLES SENIOR VP 40.00 X 0 135814 26798 KATHRYN MCHUGH SENIOR LENDER 36.00 X 0 130098 24283 401509 1942735 226446 3 0 1 0 TANK DESIGN 158 SIDNEY STREET CAMBRIDGE MA 02139 WEBSITE DESIGN 143111 G2 TECHNOLOGY 320 CONGRESS STREET BOSTON MA 02210 IT NETWORK SUPPORT 136152 BERLIN ROSEN 15 MAIDEN LANE SUITE 1600 NEW YORK NY 10038 MARKETING 120000 HEARTWOOD GROUP INC 165 EVERGREEN STREET PROVIDENCE RI 02906 ENERGY CONSERVATION/PROJECT MGMT 114835 4 1303000 279119 1582119 PROGRAM REVENUE & FEES 900099 1162846 1162846 INTEREST ON LOANS 900099 39949 39949 1202795 2594 2594 2787508 1202795 0 2594 355105 159798 185542 9765 172678 77704 90224 4750 4797 2159 2507 131 21975 9889 11482 604 26220 11799 13700 721 202025 96141 105884 10932 4919 6013 188042 84618 103424 286623 127376 155682 3565 44629 20492 24137 131094 58992 71234 868 39023 17560 21463 4497 2024 2473 100000 100000 80702 36316 44386 54157 24371 29786 SPECIAL PROGRAM COSTS 157205 157205 MISCELLANEOUS 11935 5371 6355 209 1891639 896734 974292 20613 1871131 2349539 428911 426610 39132 11653 95924 136318 718937 543310 192773 175627 2341640 2341640 886038 810280 5855549 6251667 551510 643535 875136 810280 107500 1565450 931030 2992096 2492345 X 1631584 2639828 1231869 1119494 2863453 3759322 5855549 6251667 895869 0 X X 0 1 X 1 1 1 X 2298056 1190935 2245185 1356698 1582119 8672993 2298056 1190935 2245185 1356698 1582119 8672993 5331320 3341673 19955 11355 7152 2772 2594 43828 8716821 3939393 0.38340 0.41110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 218484 137251 81233 435228 406059 29169 65225 65225 175627 INVESTMENT IN SOLAR ENERGY ADVANTAGE, INC. 800000 C INVESTMENT IN WEGOWISE, INC. - NET 1541640 C 2341640 ESCROW FUNDS 810280 810280 DUE TO AFFILIATE 931030 931030 X PART IV, LINE 2B: THE HOLDING COMPANY AND NSP HELD A CASH BALANCE OF $810,280 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/13 RELATED TO A PROPERTY IT HAD OWNED DURING 2013. PART X, LINE 2: THE CORPORATION ACCOUNTS 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 FINANCIAL STATEMENT 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 FINANCIAL STATEMENTS AT DECEMBER 31, 2013 AND 2012. INFORMATION AND CORPORATE TAX RETURNS FILED FOR THE PRIOR THREE YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MASSACHUSETTS TAX AUTHORITIES. 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 0 0 0 0 0 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD MEM 89999 294999 40000 160000 0 64997 2000 8000 1499 5995 133498 533991 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 87995 146659 24375 40625 0 0 3750 6250 6413 10688 122533 204222 0 0 MICHELLE VOLPE SENIOR VP & EX-OFFICIO BOA 0 172472 0 40000 0 0 0 10000 0 13685 0 236157 0 0 ANDREW CHEN MANAGING DIRECTOR 77501 134467 21000 9000 0 48748 7000 3000 14573 6246 120074 201461 0 0 SHARON SHEPARD MANAGING DIRECTOR 0 209787 0 30000 0 48748 0 10000 0 14239 0 312774 0 0 E MATTHEW GAUTIERI CONTROLLER 20037 150278 941 7059 0 0 902 6768 2041 15310 23921 179415 0 0 JESSICA BROOKS DIRECTOR OF DEVELOPMENT 35911 107734 3750 11250 0 0 1651 4952 5101 15302 46413 139238 0 0 MICHAEL NILLES SENIOR VP 0 125814 0 10000 0 0 0 6311 0 20487 0 162612 0 0 KATHRYN MCHUGH SENIOR LENDER 0 122098 0 8000 0 0 0 5572 0 18711 0 154381 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 XII, LINE 2C: PART XII, LINE 2C. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTIONS OF AN INDEPENDENT AUDITOR. 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