2012-11-05T08:40:40-06:00 2011-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2011-01-01 261521682 CHARTER SCHOOL FINANCING PARTNERSHIP LLC CHAR 6177201999 160 STATE STREET 5TH FLOOR BOSTON MA 02109 REBECCA REGAN 6177201999 2012-10-26 1 THOMAS WASHBURN CPA P00537319 5083669100 2012-10-18 2011 2016-02-24 21:20:13Z X REBECCA REGAN 160 STATE STREET 5TH FLOOR BOSTON MA 02109 3197346 0 X HOUSINGPARTNERSHIP.NET X 2007 MA CHARTER SCHOOL FINANCING PARTNERSHIP, LLC (CSFP) IS ORGANIZED AND OPERATED EXCLUSIVELY TO CARRY OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF ITS MEMBERS, INCLUDING ADVANCING EDUCATION AND LESSENING THE BURDENS OF GOVERNMENT, BY FACILITATING, ENCOURAGING AND ASSISTING IN THE FINANCING OF CHARTER SCHOOLS AND ALL EDUCATIONAL ACTIVITIES RELATED THERETO. SIX HP NETWORK MEMBERS THAT ARE CDFIS, JOINED TOGETHER TO CREATE CSFP A GROUNDBREAKING VEHICLE TO ACCESS SECONDARY MARKET FINANCING FOR CHARTER SCHOOLS THAT SERVE DISADVANTAGED STUDENTS AND COMMUNITIES. 6 6 0 0 0 0 3000000 171800 25546 0 3197346 0 0 0 0 0 250065 250065 2947281 18694870 14938805 3756065 X CHARTER SCHOOL FINANCING PARTNERSHIP, LLC (CSFP) IS ORGANIZED AND OPERATED EXCLUSIVELY TO CARRY OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF ITS MEMBERS, INCLUDING ADVANCING EDUCATION AND LESSENING THE BURDENS OF GOVERNMENT, BY FACILITATING, ENCOURAGING AND ASSISTING IN THE FINANCING OF CHARTER SCHOOLS AND ALL EDUCATIONAL ACTIVITIES RELATED THERETO. SIX HP NETWORK MEMBERS THAT ARE CDFIS, JOINED TOGETHER TO CREATE CSFP A GROUNDBREAKING VEHICLE TO ACCESS SECONDARY MARKET FINANCING FOR CHARTER SCHOOLS THAT SERVE DISADVANTAGED STUDENTS AND COMMUNITIES. 0 0 250065 3195744 CSFP PROVIDES CREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES THROUGHOUT THE COUNTRY BY PROVIDING INTEREST FREE DEBT SERVICE RESERVE FUNDING, LOANS, CREDIT ENHANCEMENT AGREEMENTS, AND LOAN GUARANTEES BY USING A COMBINATION OF GRANT FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION AND PROCEEDS OF A PROGRAM RELATED INVESTMENT FROM THE WALTON FAMILY FOUNDATION. 250065 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 1 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X THE HOUSING PARTNERSHIP NETWORK INC 6177201999 160 STATE STREET 5TH FLOOR BOSTON MA 02109 X THOMAS A BLEDSOE 0.50 X X 0 0 0 KIM LATIMER-NELLIGAN 0.50 X 0 0 0 ANNIE DONOVAN 0.50 X X 0 0 0 SARA VERNON STERMAN 0.50 X 0 0 0 MARK VAN BRUNT 0.50 X 0 0 0 SCOTT YOUNG 0.50 X X 0 0 0 KATHLEEN FARRELL 0.50 X X 0 0 0 MARGE OLSON 0.50 X X 0 0 0 REBECCA REGAN 0.80 X 0 0 0 0 0 0 0 0 0 1 HOUSING PARTNERSHIP NETWORK INC 160 STATE STREET 5TH FLOOR BOSTON MA 02109 MANAGEMENT AGENT 138555 1 3000000 3000000 PLACEMENT AND SERVICE 900099 171800 171800 171800 25546 25546 3197346 197346 0 0 138555 138555 29308 29308 25818 25818 15646 15646 2475 2475 36200 36200 MISC 2063 2063 250065 250065 0 0 166867 14701729 7800 18100 3800374 0 18694870 79576 3657500 0 11201729 0 14938805 X -44309 3800374 0 3756065 0 18694870 X 2947281 808784 X X 0 1 1 X 0 X 3000000 3000000 3000000 3000000 0 0 0 3000000 25546 25546 25546 25546 3025546 3025546 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CREDIT ENHANCEMENT 3800374 F 3800374 CONDITIONAL ADVANCE LIABILITY 11201729 11201729 3197346 250065 2947281 808784 808784 3756065 3197346 0 3197346 0 3197346 250065 0 250065 0 250065 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: CSFP FOLLOWS THE U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH REQUIRED CSFP TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2011, CSFP DETERMINED THAT THEY HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. CFSP FILES INFORMATION RETURNS IN THE UNITED STATES (FEDERAL) AND MASSACHUSETTS (STATE) JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: FUNDS PREVIOUSLY ACCOUNTED AS DEFERRED REVENUE, CONVERTED 808,784. TO TEMPORARILY RESTRICTED NET ASSETS DURING THE CONVERSION TO A NON PROFIT. X X X 0 0 0 0 0 0 0 0 0 SUPPLEMENTAL INFORMATION PART III KATHLEEN FARRELL, THOMAS BLEDSOE, REBECCA REGAN AND MARGE OLSON WERE COMPENSATED BY HOUSING PARTNERSHIP NETWORK, INC., AN UNRELATED NONPROFIT MANAGEMENT AGENT. HOUSING PARTNERSHIP NETWORK'S COMPENSATION IS DISCLOSED IN SECTION B OF PART VII OF FORM 990. FORM 990, PART VI, SECTION A, LINE 3 CSFP UTILIZES HOUSING PARTNERSHIP NETWORK AS A MANAGEMENT AGENCY, WHO PROVIDES THE DAY TO DAY OPERATING SUPPORT AND RECORD KEEPING. FORM 990, PART VI, SECTION A, LINE 4 PRIOR TO 2011, CSFP HAD ELECTED TO BE TREATED AS A PARTNERSHIP FOR INCOME TAX PURPOSES. ITEMS OF INCOME, LOSSES, CREDITS, OR DEDUCTIONS ARISING FROM CSFP WERE REPORTED BY THE MEMBERS ON THEIR RESPECTIVE INCOME TAX RETURNS. ON MARCH 18, 2011, CSFP RESTRUCTURED ITS OPERATING AGREEMENT AND APPLIED FOR EXEMPTION FROM FEDERAL INCOME TAXES AS AN ORGANIZATION (NOT A PRIVATE FOUNDATION) FORMED FOR CHARITABLE PURPOSES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) TO BE EFFECTIVE JANUARY 1, 2011. ON DECEMBER 15, 2011, CSFP WAS AWARDED 501(C)(3) STATUS FROM THE INTERNAL REVENUE SERVICE (IRS). CONTRIBUTIONS MADE TO CSFP ARE DEDUCTIBLE BY DONORS WITHIN THE REQUIREMENTS OF THE CODE. FORM 990, PART VI, SECTION A, LINE 6 CSFP HAS MEMBERS. MEMBERS MAY SERVE ON THE BOARD OF MANAGERS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS SUBMITTED TO THE BOARD OF MANAGERS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURE IS USED AND IF ANY ISSUES ARISE THE BOARD IS NOTIFIED. IF ISSUES ARISE, THE BOARD MEMBER INVOLVED WILL RECUSE THEMSELVES FROM THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 BY MEANS OF THE INTERNET AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: FUNDS PREVIOUSLY ACCOUNTED AS DEFERRED REVENUE, CONVERTED 808,784. TO TEMPORARILY RESTRICTED NET ASSETS DURING THE CONVERSION TO A NON PROFIT. TOTAL TO FORM 990, PART XI, LINE 5: 808,784. FORM 990, PART XII, LINE 2C CSFP DID NOT CHANGE ITS FINANCIAL OVERSIGHT PROCESS AS OF DECEMBER 31, 2011.