2024-10-25T14:35:24-05:00 2023-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2023-01-01 042313571 HARBORLIGHT COMMUNITY PARTNERS INC HARB 9782221305 PO BOX 507 BEVERLY MA 019154566 ANDREW DEFRANZA EXECUTIVE DIRECTOR 9789221305 2024-10-24 1 1 EDWARD MCNEIL P00090108 6176481400 2024-10-24 2023 2024-10-15 13:58:12Z HARBORLIGHT HOMES ANDREW DEFRANZA PO BOX 507 BEVERLY MA 019154566 12935991 0 X HARBORLIGHTHOMES.ORG X 1964 MA HARBORLIGHT COMMUNITY PARTNERS PROVIDES AFFORDABLE HOUSING WITH SERVICES PRIMARILY FOR LOW AND MODERATE INCOME POPLE IN SOURTHERN ESSEX COUNTY, IN ADDITION, IT PROVIDES PROVIDES PROPERTY MANAGEMENT AND OTHER SERVICES TO NON-PROFIT ORGANIZATIONS. 14 14 57 14 0 0 4269191 3567117 4142376 5758240 224362 1152618 300330 1598789 8936259 12076764 0 0 0 0 2218488 2790365 68000 0 445806 1593198 1792085 3879686 4582450 5056573 7494314 40145784 61189440 25285580 38288141 14860204 22901299 HARBORLIGHT COMMUNITY PARTNERS PROVIDES AFFORDABLE HOUSING WITH SERVICES PRIMARILY FOR LOW AND MODERATE INCOME PEOPLE IN SOUTHERN ESSEX COUNTY. IN ADDITION, IT PROVIDES PROVIDES PROPERTY MANAGEMENT AND OTHER SERVICES TO NON-PROFIT ORGANIZATIONS. 0 0 3963092 7375857 MANAGED AND/OR DEVELOPED AFFORDABLE HOUSING FOR OVER 500 LOW AND MODERATE INCOME PEOPLE IN ESSEX COUNTY. THIS INCLUDES TURTLE CREEK, TURTLE WOODS, HARBORLIGHT HOUSE, HEART HOMES, WE CARE ABOUT HOMES, WHIPPLE RIVERVIEW PLACE,COTTON MILL COOP, ROCKPORT HIGH SCHOOL, PIGEON COVE LEDGES, AND FIREHOUSE PLACE. IT ALSO INCLUDED DEVELOPMENT WORK FOR MAPLE WOODS, GRANITE STREET CROSSING, ANCHOR POINT AND BOSTON STREET CROSSING. 3963092 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 61 0 1 57 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X TIM DONOVAN 9784737160 PO BOX 507 BEVERLY MA 019154566 ABU POPPIN DIRECTOR 1.00 4.00 X 0 0 0 ALAN TEMKIN DIRECTOR 1.00 4.00 X 0 0 0 CYNTHIA NINA-SOTO DIRECTOR 1.00 4.00 X 0 0 0 DANE POESKE DIRECTOR 1.00 4.00 X 0 0 0 ISIS PATTERSON DIRECTOR 1.00 4.00 X 0 0 0 JOHN THOMSON TREASURER 1.00 4.00 X X 0 0 0 KEVIN NOYES DIRECTOR 1.00 4.00 X 0 0 0 KURT JAMES CLERK 1.00 4.00 X X 0 0 0 MICHAEL SCHAAF DIRECTOR 1.00 4.00 X 0 0 0 PAM CONSTANTINE VICE PRESIDENT 1.00 4.00 X 0 0 0 RICK ALPERN DIRECTOR 1.00 4.00 X 0 0 0 ROBERT GILLIS PRESIDENT 1.00 4.00 X X 0 0 0 TRACEY ARMSTRONG DIRECTOR 1.00 4.00 X 0 0 0 WILLIAM SCANLON DIRECTOR 1.00 4.00 X 0 0 0 ANDREW DEFRANZA EXECUTIVE DIRECTOR 40.00 4.00 X 429529 0 19449 TIMOTHY DONOVAN COO 40.00 4.00 X 293549 0 30534 ANDREW LEONARD SENIOR PROJECT MANAGER 40.00 X 132186 0 13938 BETHANY BLAKE DIRECTOR OF MARKETING & PHILANTHROPY 40.00 X 114019 0 13645 JONATHAN DAY DIRECTOR OF ACCOUNTING 40.00 X 154075 0 10680 KRISTEN CARLSON DIRECTOR REAL ESTATE DEV 40.00 X 253395 0 11136 MICHELLE VARGA DIRECTOR OF PROPERTY MANAGEMENT 40.00 X 113624 0 3130 1490377 0 102512 7 0 1 0 0 16667 117886 3432564 1148323 3567117 DEVELOPER FEES 900099 3831347 3831347 TENANT RENT 531110 1232230 1232230 MANAGEMENT FEES 541610 688588 688588 PROGRAM SERVICE FEE 541900 6075 6075 5758240 287835 287835 804201 892621 832039 0 -27838 892621 864783 864783 8360 117886 27188 -18828 -18828 SALE OF TAX CREDIT 900099 959955 959955 657662 657662 1617617 12076764 7375857 0 1133790 773061 683177 7220 82664 1724634 1532547 16104 175983 24070 19568 226 4276 104310 84800 978 18532 164290 140587 1976 21727 29234 13555 2333 13346 20231 10670 3715 5846 56137 28394 10663 17080 55032 55032 83085 81556 572 957 50179 50179 104323 100840 518 2965 14100 10455 542 3103 94444 79910 4428 10106 17107 528 16579 85000 81262 2243 1495 367261 367261 56421 16755 31722 7944 OTHER EXPENSES 352035 286537 31250 34248 FINANCING EXPENSES 173665 173665 OTHER EXPENSES 100728 96829 580 3319 REPAIRS & MAINTENANCE 91037 62479 2922 25636 42066 42066 4582450 3963092 173552 445806 4163687 4748711 152370 146714 580858 348043 253660 178287 6498244 6312473 135843 77904 36050669 4097946 19260527 31952723 3377574 6320163 107012 100782 5616009 11003640 40145784 61189440 1927155 3642099 2095 3077 37551 36158 20583063 27794796 2735716 6812011 25285580 38288141 X 11449784 16369212 3410420 6532087 14860204 22901299 40145784 61189440 X 7494314 546777 4 X 0 1 X 1 1 1 X 626653 1147392 1344874 4269191 3567117 10955227 1104276 2225489 3145621 4142376 5758240 16376002 1730929 3372881 4490495 8411567 9325357 27331229 23425 49926 42500 32247 15735 163833 0 23425 49926 42500 32247 15735 163833 27167396 123554 112356 119310 287835 643055 123554 112356 119310 287835 643055 91216 196867 66443 323027 1617628 2295181 1822145 3693302 4669294 8853904 11230820 30269465 0.89750 0.93740 0.02120 0.02450 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: TENNANT CHARGES - 2020 AMOUNT: $ 5. MISC - 2019 AMOUNT: $ 91,216. 2020 AMOUNT: $ 196,862. 2021 AMOUNT: $ 66,443. 2022 AMOUNT: $ 323,027. 2023 AMOUNT: $ 657,662. SALE OF TAX CREDIT - 2023 AMOUNT: $ 959,966. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5464998 5464998 30019804 3751810 26267994 565867 346136 219731 31952723 TENANT SECURITY DEPOSITS 37925 REAL ESTATE PROJECT DEVELOPMENT COSTS 688524 LEASE ASSET 4785938 DUE FROM AFFILIATES 2396235 DEVELOPMENT FEE RECEIVABLE 3095018 11003640 GROUND LEASE 1187879 DUE TO AFFILIATES 99153 DEVELOPMENT FEE PAYABLE 614920 LEASE LIABILITIES 3598059 L-T DEFERRED INCOME 1312000 6812011 X PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF DECEMBER 31, 2023. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. EACH ENTITY'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. X X X X X 1 COPLEY RAFF INC 164 BROOK FARM RD STE164 BOSTON MA 02132 CONSULTANT 0 0 0 0 MA DINNER 126246 117886 8360 27188 126246 117886 8360 27188 27188 -18828 X X 0 0 0 0 0 0 0 1 0 ANDREW DEFRANZA EXECUTIVE DIRECTOR 263104 0 166425 0 0 0 7962 0 11487 0 448978 0 0 0 TIMOTHY DONOVAN COO 206449 0 87100 0 0 0 6576 0 23958 0 324083 0 0 0 KRISTEN CARLSON DIRECTOR REAL ESTATE DEV 179795 0 73600 0 0 0 5518 0 5618 0 264531 0 0 0 JONATHAN DAY DIRECTOR OF ACCOUNTING 125950 0 28125 0 0 0 3930 0 6750 0 164755 0 0 0 PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENT BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S 2023 W-2'S. X 1 FAIR MARKET VALUE X 1 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE MEMBER OF HARBORLIGHT COMMUNITY PARTNERS, INC.: FIRST BAPTIST CHURCH. THE CHURCH HAS ULTIMATE CONTROL. FORM 990, PART VI, SECTION A, LINE 7A ULTIMATELY ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODY'S DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B ULTIMATELY ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODY'S DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC VERSION OF THE DRAFT FORM 990 IS CIRCULATED TO THE ENTIRE BOARD. BOARD MEMBERS MAY RECEIVE A HARD COPY OF THE DRAFT FORM 990 UPON REQUEST. PRIOR TO FILING ALL COMMENTS ARE ANSWERED AND A VOTE OF APPROVAL IS REQUIRED OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST POLICY MUST BE SIGNED AND SUBMITTED BY DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE CREATED A REVIEW REPORT OF THE EXECUTIVE DIRECTOR'S COMPENSATION. IN ORDER TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR THE EXECUTIVE COMMITTEE USED COMPARABLE DATA AS WELL AS RECEIVING A RECOMMENDATION FROM CHARITY NAVIGATOR. THE EXECUTIVE COMMITTEE THEN MADE A RECOMMENDATION TO THE BOARD AND THE BOARD VOTED ON THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: NET CAPITAL CONTRIBUTIONS AND DISTRIBUTIONS 4. ANCHOR POINT LLC PO BOX 507 BEVERLY MA 01915 001286667 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 557593 1792457 HCP GRANITE STREET CROSSING LLC PO BOX 507 BEVERLY MA 01915 813037590 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA -92438 0 HCP HARDY STREET LLC PO BOX 507 BEVERLY MA 01915 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 190237 3419668 HCP MAPLE WOODS HOUSING LLC PO BOX 507 BEVERLY MA 01915 001139242 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 313 22212277 HCP PIGEON COVE PO BOX 507 BEVERLY MA 01915 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA HCP WHIPPLE ANNEX HOUSING LLC PO BOX 507 BEVERLY MA 01915 204496633 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA 158618 1693199 HCP HARBORLIGHT REO LLC PO BOX 507 BEVERLY MA 01915 AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND HANDICAPPED RESIDENTS MA HCP FIREHOUSE PLACE INC PO BOX 507 BEVERLY MA 01915 273491241 LOW INCOME HOUSING MA 501(C)(3) LINE 7 FIRST BAPTIST CHURCH IN BEVERLY 0 FIRST BAPTIST CHURCH IN BEVERLY 221 CABOT STREET BEVERLY MA 01915 042253860 CHURCH MA 501(C)(3) LINE 1 N/A 0 HARBORLIGHT NURSERY SCHOOL 221 CABOT STREET BEVERLY MA 01915 042883700 PRE-SCHOOL MA 501(C)(3) LINE 2 FIRST BAPTIST CHURCH IN BEVERLY 0 MARBLEHEAD COMMUNITY HOUSING CORPORATION PO BOX 507 BEVERLY MA 01915 043176887 LOW INCOME ELDERLY HOUSING MA 501(C)(3) LINE 11 FIRST BAPTIST CHURCH IN BEVERLY 0 ROCKPORT AFFORDABLE HOUSING INC PO BOX 507 BEVERLY MA 01915 273491179 LOW INCOME ELDERLY HOUSING MA 501(C)(3) LINE 7 FIRST BAPTIST CHURCH IN BEVERLY 0 TURTLE WOODS CORPORATION 339 ESSEX STREET BEVERLY MA 01915 043183212 LOW INCOME ELDERLY HOUSING MA 501(C)(3) LINE 7 FIRST BAPTIST CHURCH IN BEVERLY 0 BOSTON STREET CROSSING LLC PO BOX 507 BEVERLY MA 01915 814311188 AFFORDABLE HOUSING MA N/A 0 0 HARBORLIGHT HOUSE LLC PO BOX 507 BEVERLY MA 01915 474277323 AFFORDABLE HOUSING MA N/A 0 0 ONE ANCHOR POINT LLC PO BOX 507 BEVERLY MA 01915 861309758 AFFORDABLE HOUSING MA N/A 0 0 TURTLE CREEK HOUSING LLC PO BOX 507 BEVERLY MA 01915 364773123 AFFORDABLE HOUSING MA N/A 0 0 HCP GRANITE STREET LLC PO BOX 507 BEVERLY MA 01915 881391746 AFFORDABLE HOUSING MA N/A 0 0 BOSTON STREET CROSSING MM LLC PO BOX 507 BEVERLY MA 01915 822482419 AFFORDABLE HOUSING MA HCP C 1 6 1.00000 1 HARBORLIGHT HOUSE MM LLC PO BOX 507 BEVERLY MA 01915 474346546 AFFORDABLE HOUSING MA HCP C 1 3624 0.79000 1 ONE ANCHOR POINT MM LLC PO BOX 507 BEVERLY MA 01915 922743617 AFFORDABLE HOUSING MA HCP C 2 1.00000 1 TURTLE CREEK HOUSING MM LLC PO BOX 507 BEVERLY MA 01915 464088797 AFFORDABLE HOUSING MA HCP C 5 0.55000 1 HCP GRANITE STREET MM LLC PO BOX 507 BEVERLY MA 01915 881502611 AFFORDABLE HOUSING MA HCP C 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1