2024-07-13T10:32:52-07:00 2023-08-31 990 2022-09-01 593765860 METRO COMMUNITY DEVELOPMENT CORPORATION METR 5086580880 40 Mechanic St Ste 300 Marlborough MA 01752 Eileen Potter Treasurer 5086580880 2024-07-13 Eileen Potter 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Cynthia Clark 40 Mechanic St Ste 300 Marlborough MA 01752 195862 0 X http://strongcommunity.org/ X 2002 MA MCDC programs enable low income families in the 495/MetroWest and Nashoba Valley areas of Massachusetts to become more self-sufficient, build new skills, increase income, utilize their assets wisely, buy homes, and reduce their dependence on public supports. 9 8 2 21 0 0 131632 123178 49314 72565 100 119 0 0 181046 195862 5000 2500 0 0 91519 124264 0 0 2324 63337 63572 159856 190336 21190 5526 104908 159302 12948 20933 91960 138369 MCDC programs enable low income families in the 495/MetroWest and Nashoba Valley areas of Massachusetts to become more self-sufficient, build new skills, increase income, utilize their assets wisely, buy homes, and reduce their dependence on public supports. 0 0 125249 0 72565 ClearPath Program. The largest hoarding mitigation and wellness program in MA, ClearPath provides education, peer group support, individual coaching and in-home services to enable 700 clients to understand, manage and reduce their hoarding behaviors. 32327 2500 0 Financial Fitness Center. Served 400 clients with financial education, budgeting, long term 1:1 mentoring and coaching, tax preparation, guidance on COVID-related public benefits, career planning, and senior wellness programs. 5215 0 0 Human Services Coalition. Coalition of 60 social services, municipal, and faith organizations to coordinate services for low income families. Served 400 individuals with food deliveries to seniors and shut-ins, education programs on racial equity, and focus on wellness of caregivers in the coalition organizations. 0 0 0 162791 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 8 1 0 0 0 1 1 0 1 1 0 0 1 1 0 0 1 0 1 1 0 MA X X Eileen Potter 5086580880 40 Mechanic St Ste 300 Marlborough MA 01752 Lynn Faust Director, Executive Director 40 0 X 37440 0 1872 Cynthia Clark Director, Officer (President) 1 0 X X 0 0 0 Eileen Potter Director, Officer (Treasurer) 1 0 X X 0 0 0 William Burger Director, Officer (Clerk) 16 0 X X 0 0 0 Bonnie Doolin Director 0.6 0 X 0 0 0 Paul Earsy Director 0.2 0 X 0 0 0 Yaying Yeh Director 0.2 0 X 0 0 0 Molly Brodeur-Nesbitt Director 0.10 0 X 0 0 0 Bianca Hudson Director 0.2 0 X 0 0 0 37440 0 1872 0 0 0 0 0 0 0 0 0 29000 94178 0 123178 Hoarding Mitigation Services 624100 72565 72565 0 0 0 0 0 0 72565 119 0 0 119 0 0 0 0 0 0 0 0 0 0 0 0 0 0 195862 72565 0 119 X 2500 2500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 90891 85025 4166 1700 4544 4251 208 85 19807 18529 908 370 9022 8439 414 169 0 0 0 0 0 0 0 0 1415 0 1415 0 0 0 0 0 0 0 0 0 0 0 29774 25577 4197 0 0 0 0 0 1944 1209 735 557 557 0 0 0 0 0 0 10095 0 10095 0 3968 3968 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3335 3335 0 0 10497 7414 3083 0 Bad Debt 1987 1987 0 0 190336 162791 25221 2324 0 0 77680 100754 32227 11110 13538 0 0 0 0 0 0 0 0 0 0 16674 3891 16118 12783 0 0 0 0 0 0 0 0 0 0 104908 159302 12948 20933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12948 20933 X 77460 101642 14500 36727 91960 138369 104908 159302 X 5526 0 0 0 40883 0 X 0 0 0 X 63543 90241 127814 146338 146838 574774 0 0 0 0 0 0 0 0 0 0 0 0 63543 90241 127814 146338 146838 574774 285496 289278 2 9 94 100 119 324 0 0 0 0 0 0 0 0 0 0 0 0 575098 124096 0.50301 0.50760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 16674 3891 12783 0 0 0 0 12783 Form 990, Part VI, Section A, Line 2 Directors Lynn Faust and William Burger have a family relationship. Form 990, Part VI, Section A, Line 6 The organization has general members who elect the members of the board of directors which is the governing body. Form 990, Part VI, Section A, Line 7a In accordance with the Bylaws of the organization, the general members elect members of the board of directors at the annual meeting of the general members. Form 990, Part VI, Section B, Line 11b The Clerk, who is both an Officer and Director, prepared the Form 990 and required schedules. The Treasurer, who is both an Officer and Director, reviewed the Form 990 and schedules. A copy of Form 990 and schedules were made available to all board members prior to filing. Form 990, Part VI, Section B, Line 15 The Nominating and Personnel Committee of the board of directors reviews and approves compensation for the Executive Director. The last review of the Executive Director's compensation was in 2023. The Nominating and Personnel Committee would also review and approve any compensation for officers and key employees. However, no officer received compensation and the organization had no key employees with compensation over $150,000. The full board of directors approves the operating budget for each fiscal year which includes compensation of the Executive Director and all other staff as part of personnel expenses. Form 990, Part VI, Section C, Line 19 The organization's Bylaws, which includes conflict of interest policy, are available to the public on Public Charities Filing Search Website of the Non-Profit Organizations/Public Charities Division of the Massachusetts Office of the Attorney General. The organization makes its financial statements available to the public upon request. Form 990, Part IX, Line 11g Program expenses are for independent contractors who deliver program services. Administration expenses are fees paid to third parties for payroll processing, and retirement plan and medical benefit administration. Form 990, Part IX, Line 25 MCDC utilizes volunteers to deliver some program services (mainly in the Financial Fitness Program), and for some administration and fundraising. Per FAS 116, the fair market value of the specialized labor services donated by the volunteers was $87,400. This amount is not included in the revenue or expenses shown on Form 990. Form 990, Part XI, Line 8 In the year ending August 2018, the organization was awarded an unconditional $100,000 grant to be paid in $10,000 annual installments over ten years. Prior to this years tax filing, the organization had recognized $10,000 as revenue in each year with no grants receivable on the balance sheet. Before filing this years return, the organization restated its financial statements for the years ending August 2018 through 2023 to comply with FAS 116. The restated financials recognized the net present value of the full $100,000 grant as revenue in the year ending August 2018. Grants Receivable amounts were added to the balance sheet each year to represent the remaining unpaid portion of the grant NPV. The difference between the $10,000 annual payment and the discounted amount used in the NPV calculation was recognized as revenue each year. The Prior Period Adjustment on line 8 represents the Grants Receivable amount which was included on the restated balance sheet for the year ending August 2022.