2024-11-13T10:35:14-06:00 2023-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-01-01 222813032 COMMUNITY DEVELOPMENT INC COMM 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 HETAL GADA ASSISTANT TREASURER 6176959595 2024-11-13 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-11-06 2023 2024-10-15 13:58:12Z PHILLIP CLAY 185 DARTMOUTH STREET BOSTON MA 02116 1998114 0 X N/A X 1987 MA COMMUNITY DEVELOPMENT, INC. (THE CORPORATION) IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS (LPS) OR LIMITED LIABILITY COMPANIES (LLCS) AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS; AND TO PROVIDE OFFICE FACILITIES TO OTHER NONPROFIT ORGANIZATIONS AT BELOW COST IN ORDER TO ASSIST THOSE ORGANIZATIONS IN ACCOMPLISHING THEIR CHARITABLE PURPOSES. 3 3 0 3 0 0 0 100 1808385 1998014 0 0 0 0 1808385 1998114 328934 1920887 0 0 0 0 0 0 0 130610 271840 459544 2192727 1348841 -194613 1813777 1631654 247273 259763 1566504 1371891 X COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS. 0 0 2173824 1920887 1998014 COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS. 2173824 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X NINA SCHWARZSCHILD 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 X NINA SCHWARZSCHILD TREASURER/DIRECTOR 0.10 X X 0 0 0 PHILLIP L CLAY PRESIDENT/DIRECTOR 0.10 X X 0 0 0 RUSSELL TANNER DIRECTOR 0.10 X 0 0 0 0 0 0 0 0 0 0 0 100 100 BAD DEBT RECOVERY 900099 1613085 1613085 INTEREST ON NOTES RECE 900099 250620 250620 GROUND LEASE AND RELAT 531390 134309 134309 1998014 1998114 1998014 0 0 1920887 1920887 13450 13450 5453 5453 41233 41233 BAD DEBT 211704 211704 2192727 2173824 18903 0 38032 46558 38 38 1746944 1554836 1587 28763 28635 1813777 1631654 16150 28166 231123 231597 247273 259763 X 1566504 1371891 1566504 1371891 1813777 1631654 -194613 0 X 0 1 X 0 0 X 100 100 100 100 100 156 156 256 5690246 0.39060 0.97120 X 0 0 0 OPERATING ADVANCES AND ACCRUED INTEREST 203143 RIGHT OF USE LIABILITY 28454 231597 X 1998114 0 1998114 0 1998114 2192727 0 2192727 0 2192727 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. GENERALLY, THE CORPORATION'S INFORMATION/TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN. 0 THE COMMUNITY BUILDERS INC 185 DARTMOUTH STREET BOSTON MA 02116 042324773 501(C)(3) 1920887 0 LOW INCOME HOUSING 1 FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING DEPARTMENT AND MANAGEMENT REVIEW THE FORM 990. A COPY IS PROVIDED TO THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. 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