﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-06-13T09:05:15-05:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>JMM &amp; ASSOCIATES INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>336 WATER TOWER CIR STE 801</AddressLine1>
        <City>COLCHESTER</City>
        <State>VT</State>
        <ZIPCode>05446</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>030369782</EIN>
      <Name>
        <BusinessNameLine1>MCAULEY SQUARE INC</BusinessNameLine1>
      </Name>
      <NameControl>MCAU</NameControl>
      <Phone>8028636835</Phone>
      <USAddress>
        <AddressLine1>130 MANSFIELD AVE</AddressLine1>
        <City>BURLINGTON</City>
        <State>VT</State>
        <ZIPCode>05401</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>MERRYN RUTLEDGE</Name>
      <Title>PRESIDENT</Title>
      <Phone>8028636835</Phone>
      <DateSigned>2013-06-12</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>RANDALL L SARGENT CPA</Name>
      <Phone>8026555665</Phone>
      <DatePrepared>2013-06-13</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="RetDoc3" referenceDocumentId="RetDoc5">
      <NameOfPrincipalOfficerPerson>MERRYN RUTLEDGE</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>130 MANSFIELD AVE</AddressLine1>
        <City>BURLINGTON</City>
        <State>VT</State>
        <ZIPCode>05401</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>161808</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>2000</YearFormation>
      <StateLegalDomicile>VT</StateLegalDomicile>
      <ActivityOrMissionDescription>SUPPORT PROGRAMS OF CATHEDRAL SQUARE</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>4</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>4</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalNbrVolunteers>6</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>100</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>100</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>25072</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>32448</InvestmentIncomeCurrentYear>
      <OtherRevenueCurrentYear>237</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>25172</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>32785</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>11993</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>11792</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcCurrentYear>0</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>35370</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>39663</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>47363</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>51455</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-22191</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-18670</RevenuesLessExpensesCY>
      <TotalAssetsBOY>433643</TotalAssetsBOY>
      <TotalAssetsEOY>438837</TotalAssetsEOY>
      <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>433643</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>438837</NetAssetsOrFundBalancesEOY>
      <MissionDescription>SUPPORT PROGRAMS OF CATHEDRAL SQUARE</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>51455</Expense>
      <Grants>11792</Grants>
      <Description>MANAGEMENT OF AFFORDABLE HOUSING PROJECT.</Description>
      <TotalProgramServiceExpense>51455</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1">true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc2">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc2">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc2">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc2">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc2">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc2">false</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc2">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc2">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc2">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc2">false</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc2">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc2">false</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc2">false</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc4">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc4">false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="RetDoc6">false</DisregardedEntity>
      <RelatedEntity referenceDocumentId="RetDoc6">true</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="RetDoc6">false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="RetDoc6">false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>0</NumberOfEmployees>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <Form1098CFiled>false</Form1098CFiled>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>4</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>4</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>false</ConflictOfInterestPolicy>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>SISTERS OF MERCY</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>8028636835</TelephoneNumber>
        <AddressUS>
          <AddressLine1>130 MANSFIELD AVE</AddressLine1>
          <City>BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05401</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <NoListedPersonsCompensated>X</NoListedPersonsCompensated>
      <Form990PartVIISectionA>
        <NamePerson>MERRYN RUTLEDGE</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SR SUSAN FORTIER RSM</NamePerson>
        <Title>VICE PRES.</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SR MARY BOISELLE RSM</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>NANCY LANG</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEAN HARRY</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SR GERTRUDE MYRICK RSM</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <AllOtherContributions>100</AllOtherContributions>
      <TotalContributions>100</TotalContributions>
      <InvestmentIncome>
        <TotalRevenueColumn>14434</TotalRevenueColumn>
        <ExclusionAmount>14434</ExclusionAmount>
      </InvestmentIncome>
      <GrossAmountSalesAssets>
        <Securities>147037</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>129023</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>18014</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>18014</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>18014</RelatedOrExemptFunctionIncome>
      </NetGainOrLossInvestments>
      <OtherRevenueMisc>
        <Description>LOAN REPAYMENT</Description>
        <BusinessCode>522200</BusinessCode>
        <TotalRevenueColumn>237</TotalRevenueColumn>
        <ExclusionAmount>237</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>237</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>32785</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>18014</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>14671</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>11792</Total>
        <ProgramServices>11792</ProgramServices>
      </GrantsToDomesticOrgs>
      <FeesForServicesInvstMgmntFees>
        <Total>4281</Total>
        <ProgramServices>4281</ProgramServices>
      </FeesForServicesInvstMgmntFees>
      <OtherExpenses>
        <Description>MCAULEY K-1 ACTIVITY</Description>
        <Total>35382</Total>
        <ProgramServices>35382</ProgramServices>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>51455</Total>
        <ProgramServices>51455</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>224</BOY>
        <EOY>198</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>2914</BOY>
        <EOY>5325</EOY>
      </SavingsAndTempCashInvestments>
      <InvestmentsPubTradedSecurities>
        <BOY>549997</BOY>
        <EOY>588188</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsProgramRelated>
        <BOY>-119492</BOY>
        <EOY>-154874</EOY>
      </InvestmentsProgramRelated>
      <TotalAssets>
        <BOY>433643</BOY>
        <EOY>438837</EOY>
      </TotalAssets>
      <TotalLiabilities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>-66357</BOY>
        <EOY>-61163</EOY>
      </UnrestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>500000</BOY>
        <EOY>500000</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>433643</BOY>
        <EOY>438837</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>433643</BOY>
        <EOY>438837</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-18670</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>23864</ReconciliationUnrealizedInvest>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1">
      <SupportingOrganization509a3>X</SupportingOrganization509a3>
      <SupportingOrg509a3Type3FuncInt>X</SupportingOrg509a3Type3FuncInt>
      <CertificationCheckbox>X</CertificationCheckbox>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
      <SupportedOrgInformation>
        <Name>
          <BusinessNameLine1>CATHEDRAL SQUARE CORPORATION</BusinessNameLine1>
          <BusinessNameLine2>CATHEDRAL SQUARE CORPORATION</BusinessNameLine2>
        </Name>
        <EIN>030369782</EIN>
        <TypeOfOrganization>7</TypeOfOrganization>
        <ListedInGoverningDoc>true</ListedInGoverningDoc>
        <SupportedOrganizationNotified>true</SupportedOrganizationNotified>
        <OrganizedInUS>true</OrganizedInUS>
        <Amount>11793</Amount>
      </SupportedOrgInformation>
      <TotalNumberOfSupportedOrgs>1</TotalNumberOfSupportedOrgs>
      <SumOfAmounts>11793</SumOfAmounts>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc2">
      <CurrentYear>
        <BeginningOfYearBalance>549997</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>56272</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>13800</GrantsOrScholarships>
        <AdministrativeExpenses>4281</AdministrativeExpenses>
        <EndOfYearBalance>588188</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>563368</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>2473</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>12700</GrantsOrScholarships>
        <AdministrativeExpenses>3144</AdministrativeExpenses>
        <EndOfYearBalance>549997</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>485635</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>93066</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>12000</GrantsOrScholarships>
        <AdministrativeExpenses>3333</AdministrativeExpenses>
        <EndOfYearBalance>563368</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>416342</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>85014</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>12000</GrantsOrScholarships>
        <AdministrativeExpenses>3721</AdministrativeExpenses>
        <EndOfYearBalance>485635</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>602349</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-163987</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>17000</GrantsOrScholarships>
        <AdministrativeExpenses>5020</AdministrativeExpenses>
        <EndOfYearBalance>416342</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <PermanentEndowmentEOYBalance>1.00000</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc4">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CATHEDRAL SQUARE CORPORATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>412 FARRELL STREET</AddressLine1>
          <City>SOUTH BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05403</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030369782</EINOfRecipient>
        <IRCSection>3</IRCSection>
        <AmountOfCashGrant>11792</AmountOfCashGrant>
        <PurposeOfGrant>RESIDENTIAL PROGRAMS</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES</Identifier>
        <ReturnReference>SCHEDULE I, PAGE 1, PART I, LINE 2</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS APPROVES THE ANNUAL GRANT FUNDS TO BE DISTRIBUTED. CATHEDRAL SQUARE CORPORATION MANAGEMENT HANDLES THE DAILY DETAILS AND BANKING OF THE GRANT MONIES AND FURNISHES WRITTEN REPORTS TO THE BOARD ON THE ACTUAL DISTRIBUTION OF THE MONIES.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc5">
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990</ReturnReference>
        <Explanation>FORM 990, PART X, LINE 12 - MCAULEY SQUARE IS THE GENERAL PARTNER IN TWO TAX CREDIT LIMITED PARTNERSHIPS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>A COPY IS REVIEWED BY THE OFFICER IN CHARGE OF PROVIDING INFORMATION FOR THE PREPARATION OF THE 990 AND THEN PRESENTED TO OTHER BOARD MEMBERS FOR APPROVAL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>MCAULEY SQUARE'S GOVERNING DOCUMENTS ARE LOCATED IN THE MAIN OFFICE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc6">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>CATHEDRAL SQUARE CORP</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>3 CATHEDRAL SQUARE</AddressLine1>
          <City>BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05401</ZIPCode>
        </AddressUS>
        <EIN>030369782</EIN>
        <PrimaryActivities>HOUSING</PrimaryActivities>
        <LegalDomicileState>VT</LegalDomicileState>
        <ExemptCodeSection>501C3</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>HOUSING VERMONT INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>123 ST PAUL STREET</AddressLine1>
          <City>BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05401</ZIPCode>
        </AddressUS>
        <EIN>030315075</EIN>
        <PrimaryActivities>HOUSING</PrimaryActivities>
        <LegalDomicileState>VT</LegalDomicileState>
        <ExemptCodeSection>501C3</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>MCAULEY SQUARE BOND HOUSING LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>123 ST PAUL ST</AddressLine1>
          <City>BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05401</ZIPCode>
        </AddressUS>
        <EIN>030366772</EIN>
        <PrimaryActivity>HOUSING</PrimaryActivity>
        <LegalDomicileState>VT</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <PredominantIncomeType>RELATED</PredominantIncomeType>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>true</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>MCAULEY SQUARE ALLOCATED HOUSING</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>123 ST PAUL ST</AddressLine1>
          <City>BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05401</ZIPCode>
        </AddressUS>
        <EIN>030363571</EIN>
        <PrimaryActivity>HOUSING</PrimaryActivity>
        <LegalDomicileState>VT</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <PredominantIncomeType>RELATED</PredominantIncomeType>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>true</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <ReceiptOfIntAnnRentsRoyalties>true</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>false</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>CATHEDRAL SQUARE CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
        <AmountInvolved>11793</AmountInvolved>
        <MethodOfAmtDetermination>CASH</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>MCAULEY SQUARE BOND HOUSING LP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>A</TransactionType>
        <AmountInvolved>-35284</AmountInvolved>
        <MethodOfAmtDetermination>FORM 1065 SCHEDULE K1</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>MCAULEY SQUARE ALLOCATED HOUSING LP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>A</TransactionType>
        <AmountInvolved>-98</AmountInvolved>
        <MethodOfAmtDetermination>FORM 1065 SCHEDULE K1</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>