2011-11-14T12:16:01-06:00 2010-12-31 SANDBERG & CREEDEN PC 331 PAGE ST STE 2 STOUGHTON MA 020721172 990 2010-01-01 830485169 THE MIDAS COLLABORATIVE INC MIDA 6177873874 20 LINDEN STREET 2ND FLOOR ALLSTON MA 02134 MICHELLE MEISER 6177873874 2011-10-24 true THERESA J CREEDEN CPA 7813440850 2011-11-14 2010 2016-03-07 17:11:31Z MICHELLE MEISER 20 LINDEN STREET 2ND FLOOR ALLSTON MA 02134 291103 false X MASSASSETS.ORG X 2007 MA TO COORDINATE A STATEWIDE COLLABORATIVE OF COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATIONS THAT FACILITATE THE ASSET DEVELOPMENT OF LOW-INCOME FAMILIES, THROUGH INCREASED FINANCIAL MANAGEMENT SKILLS, COMMUNITY AND PEER SUPPORT, AND ACCESS TO WEALTH-BUILDING VEHICLES SUCH AS HOMES, BUSINESSES, AND EDUCATION. 10 10 0 0 207953 249321 3318 40059 1723 0 211271 291103 9533 4200 0 134198 139918 0 11735 51744 130285 195475 274403 15796 16700 308747 677787 288096 640436 20651 37351 X TO COORDINATE A STATEWIDE COLLABORATIVE OF COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATIONS THAT FACILITATE THE ASSET DEVELOPMENT OF LOW-INCOME FAMILIES, THROUGH INCREASED FINANCIAL MANAGEMENT SKILLS, COMMUNITY AND PEER SUPPORT, AND ACCESS TO WEALTH-BUILDING VEHICLES SUCH AS HOMES, BUSINESSES, AND EDUCATION. false false 228628 4200 40059 PROVIDED EXPERTISE IN EFFECTIVE TRAINING METHODS IN FINANCIAL EDUCATION, BOTH THROUGH RESEARCH AND REPORTS IN EFFECTIVE METHODS AND THROUGH INTENSIVE PRACTITIONER TRAINING. PROVIDED MANAGEMENT SERVICES AND MATCH FUNDING FOR IDA/MATCHED SAVINGS PROGRAMS STATEWIDE IN A MORE EFFICIENT STRUCTURE TO MAINTAIN QUALITY. SINCE 2007, THE 565 ENROLLED INVESTORS AT 20 MEMBER SITES SAVED OVER 369,000, EARNED A COMBINED MATCH OF MORE THAN 724,000, AND ATTENDED OVER 4,700 HOURS OF FINANCIAL AND ASSET TRAINING TO BUILD THEIR FINANCIAL CAPACITIES. THE 120 INVESTORS WHO GRADUATED IN 2010 HAD AN AVERAGE INCOME OF UNDER 25,000/YR, AND INVESTED IN OVER 9.9 MILLION WORTH OF HOMES, EDUCATIONS, SMALL BUSINESSES, AND OTHER ASSETS. LAUNCHED NEW ASSET-BUILDING PROGRAMS TO BRING A SIMILAR MIX OF INCENTIVES, EDUCATION, AND ACCESS TO TRANSITIONAL HOUSING CLIENTS, FAMILY SELF SUFFICIENCY CLIENTS, FORECLOSURE SURVIVORS, AND OTHER VERY LOW INCOME INVESTORS TO ASSIST WITH INVESTMENTS IN COMPUTERS, AUTOS, RAINY-DAY FUNDS AND OTHER INITIAL ASSETS ON THE ROAD TO FINANCIAL STABILITY. THE 62 NEW INVESTORS AT 3 MEMBER SITES MET THEIR INITIAL GOALS AND ACCRUED OVER 30,000 IN MATCHED SAVINGS. PROVIDED ON-LINE MANAGEMENT SERVICES AS A PARTNER IN MASS TAX AND ASSET CONSORTIUM (MTAC). NOW IN USE BY OVER 500 VOLUNTEERS AND MANAGERS IN 39 SITES ACROSS THE STATE, THIS MANAGEMENT PLATFORM ASSISTS COORDINATORS TO MANAGE THEIR VOLUNTEERS, SCHEDULES, DATA, AND SITES. IN THIS TAX YEAR, MTAC PARTNERS ASSISTED OVER 18,000 TAXPAYERS RETURN OVER 23 MILLION INTO THEIR HOUSEHOLDS AND THEIR COMMUNITIES. DEVELOPED AND DISTRIBUTED UPDATED, MASSACHUSETTS-SPECIFIC, FINANCIAL EDUCATION AND CONSUMER INFORMATION TO LOW AND MODERATE INCOME RESIDENTS AS WELL AS TO THE GENERAL PUBLIC. "STAYING AFLOAT: MANAGING YOUR FINANCES IN A CHANGING ECONOMY" IS A KITCHEN-TABLE RESOURCE OF MONEY-MANAGEMENT IN 4 LANGUAGES. OVER 60,000 COPIES AT OVER 200 ACCESS POINTS ACROSS THE STATE HAVE BEEN DISTRIBUTED. COORDINATED AND PROMOTED ASSET DEVELOPMENT PRACTICE AND POLICY IN MASSACHUSETTS, AT THE COMMUNITY, STATE, AND NATIONAL LEVELS, BY EDUCATING POLICYMAKERS AND THE GENERAL PUBLIC ON POLICIES THAT PROMOTE OPPORTUNITIES FOR WEALTH-BUILDING AMONG LOW-INCOME PEOPLE, HOSTING RELEVANT TRAININGS AND CONVENING'S, AND PROVIDING RESOURCES TO PUBLIC AGENCIES, PHILANTHROPIES, LEGISLATORS, PARTNERS, AND OTHER KEY STAKEHOLDERS. 228628 true true false true false false false false false false false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 true 0 false false false false false false false false false false false false false X 10 10 false true false false true true true true true false false true true false false false false false false false MA X X ALLSTON-BRIGHTON CDC 6177873874 20 LINDEN STREET 2ND FLOOR ALLSTON MA 02134 X VERNETTE ALLEN 0.50 X X 0 0 0 BRIAN BADGLEY 0.50 X 0 0 0 BLAIR BENJAMIN 0.50 X 0 0 0 SALONI BOWRY 0.50 X 0 0 0 ANNERY BUTTEN 0.50 X 0 0 0 JACQUELINE COOPER 0.50 X X 0 0 0 SHAUNTELL FOSTER 0.50 X 0 0 0 MARISSA GUANANJA 0.50 X 0 0 0 MICHELLE MEISER 0.75 X X 0 0 0 ERIN O'BRIEN 0.50 X 0 0 0 false false false 69774 179547 249321 PROGRAM SERVICE FEES 37459 37459 OTHER FEES 2600 2600 40059 1723 1723 291103 40059 1723 4200 4200 59969 37781 13193 8995 57489 57489 12878 10629 1337 912 9582 7787 1068 727 6034 6034 78985 68559 10426 32168 30851 982 335 10000 8300 1000 700 1245 1179 66 1853 1853 274403 228628 34040 11735 35309 57634 1260 79000 5474 13280 1250 266704 526623 308747 677787 5192 49382 3670 5774 279234 585280 288096 640436 X 8151 8502 12500 28849 20651 37351 308747 677787 16700 X false true true X false X 192634 207953 249321 649908 192634 207953 249321 649908 130840 519068 3857 1723 5580 9000 9000 664488 40059 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 1147 1147 273256 274403 54881 13720 false 40326 39095 54881 134302 201453 2509 1322 1147 4978 10082 9774 13720 33576 50364 false false false false false false false false false false false false false false false false false false false false false false false false FUNDS HELD FOR OTHERS 526623 526623 FUNDS HELD FOR OTHERS 526623 ACCOUNTS PAYABLE TO RELATED PARTY 58657 585280 291103 274403 16700 16700 291103 291103 291103 274403 274403 274403 ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION TO COORDINATE A STATEWIDE COLLABORATIVE OF COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATIONS THAT FACILITATE THE ASSET DEVELOPMENT OF LOW-INCOME FAMILIES, THROUGH INCREASED FINANCIAL MANAGEMENT SKILLS, COMMUNITY AND PEER SUPPORT, AND ACCESS TO WEALTH-BUILDING VEHICLES SUCH AS HOMES, BUSINESSES, AND EDUCATION. FIRST ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A SMALL BUSINESSES, AND OTHER ASSETS. LAUNCHED NEW ASSET-BUILDING PROGRAMS TO BRING A SIMILAR MIX OF INCENTIVES, EDUCATION, AND ACCESS TO TRANSITIONAL HOUSING CLIENTS, FAMILY SELF SUFFICIENCY CLIENTS, FORECLOSURE SURVIVORS, AND OTHER VERY LOW INCOME INVESTORS TO ASSIST WITH INVESTMENTS IN COMPUTERS, AUTOS, RAINY-DAY FUNDS AND OTHER INITIAL ASSETS ON THE ROAD TO FINANCIAL STABILITY. THE 62 NEW INVESTORS AT 3 MEMBER SITES MET THEIR INITIAL GOALS AND ACCRUED OVER 30,000 IN MATCHED SAVINGS. PROVIDED ON-LINE MANAGEMENT SERVICES AS A PARTNER IN MASS TAX AND ASSET CONSORTIUM (MTAC). NOW IN USE BY OVER 500 VOLUNTEERS AND MANAGERS IN 39 SITES ACROSS THE STATE, THIS MANAGEMENT PLATFORM ASSISTS COORDINATORS TO MANAGE THEIR VOLUNTEERS, SCHEDULES, DATA, AND SITES. IN THIS TAX YEAR, MTAC PARTNERS ASSISTED OVER 18,000 TAXPAYERS RETURN OVER 23 MILLION INTO THEIR HOUSEHOLDS AND THEIR COMMUNITIES. DEVELOPED AND DISTRIBUTED UPDATED, MASSACHUSETTS-SPECIFIC, FINANCIAL EDUCATION AND CONSUMER INFORMATION TO LOW AND MODERATE INCOME RESIDENTS AS WELL AS TO THE GENERAL PUBLIC. "STAYING AFLOAT: MANAGING YOUR FINANCES IN A CHANGING ECONOMY" IS A KITCHEN-TABLE RESOURCE OF MONEY-MANAGEMENT IN 4 LANGUAGES. OVER 60,000 COPIES AT OVER 200 ACCESS POINTS ACROSS THE STATE HAVE BEEN DISTRIBUTED. COORDINATED AND PROMOTED ASSET DEVELOPMENT PRACTICE AND POLICY IN MASSACHUSETTS, AT THE COMMUNITY, STATE, AND NATIONAL LEVELS, BY EDUCATING POLICYMAKERS AND THE GENERAL PUBLIC ON POLICIES THAT PROMOTE OPPORTUNITIES FOR WEALTH-BUILDING AMONG LOW-INCOME PEOPLE, HOSTING RELEVANT TRAININGS AND CONVENING'S, AND PROVIDING RESOURCES TO PUBLIC AGENCIES, PHILANTHROPIES, LEGISLATORS, PARTNERS, AND OTHER KEY STAKEHOLDERS. MANAGEMENT DELEGATED FORM 990, PAGE 6, PART VI, LINE 3 FINANCIAL MANAGMENT SERVICES AND PAYROLL AND BENEFIT PROCESSING PROVIDED BY ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORPORATION FOR A FEE. ALL EXPENSES REIMBURSED TO ALLSTON BRIGHTON COMMUNITY DEVLEOPMENT CORPORATION. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION SHALL HAVE TWO CLASSES OF MEMBERS FULL MEMBERS AND AFFILIATE MEMBERS. THE DESIGNATION OF SUCH CLASSES AND THE QUALIFICATIONS AND RIGHTS OF THE MEMBERS OF SUCH CLASSES ARE SET FORTH IN ARTICLE II OF THE ORGANIZATIONS BY-LAWS. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A ADMISSION AS A FULL MEMBER REQUIRES: (I) NOMINATION BY AN EXISTING FULL MEMBER IN GOOD STANDING, (II) APPROVAL BY THE BOARD OF DIRECTORS, AND; (III)APPROVAL BY AN AFFIRMATIVE VOTE OF AT LEAST THREE-FOURTHS OF ALL FULL MEMBERS IN GOOD-STANDING. ADMISSION AS AN AFFILIATE MEMBER REQUIRES APPROVAL BY AN AFFIRMATIVE VOTE OF A SIMPLE MAJORITY OF THE BOARD OF DIRECTORS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B EACH FULL MEMBER WILL BE ENTITLED THE FOLLOWING RIGHTS: I) ONE VOTE IN ALL MATTERS REQUIRING MEMBER VOTE; II) ONE VOTE TO ELECT REPRESENTATIVES TO THE BOARD OF DIRECTORS; III) ELIGIBILITY TO SERVE ON THE BOARD OF DIRECTORS; IV) EQUAL OPPORTUNITY TO PRESENT IDEAS TO THE CORPORATION, TO VOICE CONCERNS, AND TO REQUEST CHANGES TO THE CORPORATION'S STRUCTURE, POLICIES, OR OPERATIONS; V) ELIGIBILITY FOR PROGRAM FUNDS RAISED BY THE CORPORATION ON BEHALF OF MEMBERS; VI) IN THE CASE OF A MATCHED SAVINGS PROGRAM, ACCESS TO CENTRALIZED MATCHED ACCOUNT MANAGEMENT, RECORD-KEEPING, AND STATEWIDE PROGRAM DATA COLLECTION AND ANALYSIS BY THE CORPORATION, AS FUNDING AND OPPORTUNITIES PERMIT; VII) DISCOUNTS ON TRAININGS, TECHNICAL ASSISTANCE, WEB-BASED RESOURCES AND ACCESS TO THE CORPORATION'S RESOURCE LIBRARY; AND VIII) ACCESS TO ANY CORPORATION ADMINISTRATIVE RECORDS, INCLUDING MEETING MINUTES, GRANT APPLICATIONS, PEER PROGRAM EVALUATION RESULTS,COMMUNICATIONS WITH AND FROM CORPORATION FUNDERS, AND ANY OTHER DOCUMENTS RELATED TO CORPORATION BUSINESS. EACH AFFILIATE MEMBER WILL BE ENTITLED THE FOLLOWING RIGHTS: I) EQUAL OPPORTUNITY TO PRESENT IDEAS TO THE CORPORATION, TO VOICE CONCERNS, AND TO REQUEST CHANGES TO THE CORPORATION'S STRUCTURE, POLICIES OR OPERATIONS; II) PARTICIPATION IN MEMBER MEETINGS AS NON-VOTING MEMBERS; III) PARTICIPATION IN EDUCATIONAL EFFORTS; IV) DISCOUNTS ON TRAININGS, TECHNICAL ASSISTANCE, WEB-BASED RESOURCES AND ACCESS TO THE CORPORATION'S RESOURCE LIBRARY; AND V) OPPORTUNITY TO APPLY FOR ADMISSION AS A FULL MEMBER. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B IRS FORM 990 IS REVIEWED WITH PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST. ORGANIZATION FIRST LOBBYING ACTIVITY IN 2008.