2025-04-17T15:09:53-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 831779956 NEWVUE LIABILITIES TO ASSETS NEWV 9783429561 470 MAIN STREET FITCHBURG MA 01420 MARC DOHAN CLERK 9784000168 2025-04-16 1 1 MATTHEW HUTT CPA P01070603 5083669100 2025-04-16 2023 2025-03-06 01:10:19Z MARC DOHAN 470 MAIN STREET FITCHBURG MA 01420 6084 0 X N/A X 2018 MA LIABILITIES TO ASSETS IS A PILOT PROGRAM THAT THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES CREATED TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS BY REDEVELOPING DETERIORATED PROPERTIES THAT ARE CONSIDERED A BLIGHT. THE PROGRAM WILL SUPPORT THE PURCHASE AND REHABILITATION OF PRIMARILY ONE AND TWO FAMILY PROPERTIES THAT HAVE BEEN VACANT FOR AT LEAST 3 YEARS AT THE TIME OF DEVELOPMENT AND HAVE A NEGATIVE IMPACT ON THEIR SURROUNDING NEIGHBORHOOD. 8 8 0 8 0 0 267319 0 0 0 0 0 0 6084 267319 6084 0 0 0 0 0 0 0 0 0 95672 21615 95672 21615 171647 -15531 2117672 2179725 1946025 2023609 171647 156116 X LIABILITIES TO ASSETS IS A PILOT PROGRAM THAT THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES CREATED TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS BY REDEVELOPING DETERIORATED PROPERTIES THAT ARE CONSIDERED A BLIGHT. THE PROGRAM WILL SUPPORT THE PURCHASE AND REHABILITATION OF PRIMARILY ONE AND TWO FAMILY PROPERTIES THAT HAVE BEEN VACANT FOR AT LEAST 3 YEARS AT THE TIME OF DEVELOPMENT AND HAVE A NEGATIVE IMPACT ON THEIR SURROUNDING NEIGHBORHOOD. 0 0 PURCHASE AND REHABILITATION OF BLIGHTED PROPERTIES IN ATHOL, CLINTON, FITCHBURG, GARDNER AND LEOMINSTER AND SELLING TO ELIGIBLE HOMEOWNERS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X X MARC DOHAN 9783429561 470 MAIN STREET FITCHBURG MA 01420 X TOM GRAY BOARD PRESIDENT 2.00 X X 0 0 0 ERIN NANO BOARD TREASURER (PART YEAR) 2.00 X X 0 0 0 CHRISTINA DIRUSSO BOARD TREASURER (PART YEAR) 2.00 X X 0 0 0 MARC DOHAN BOARD CLERK 2.00 X X 0 0 0 LIZ MURPHY BOARD DIRECTOR 2.00 X 0 0 0 ELIZABETH WOOD BOARD DIRECTOR 2.00 X 0 0 0 JEFFREY PARKER BOARD DIRECTOR 2.00 X 0 0 0 TREVOR BEAUREGARD BOARD DIRECTOR 2.00 X 0 0 0 PHILIP DUFFY BOARD DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 6084 6084 6084 6084 6084 0 0 21615 21615 21615 0 21615 0 998447 1926012 251501 253713 248824 618900 0 2117672 2179725 129362 513 104550 1712113 2023096 1946025 2023609 X 171647 156116 171647 156116 2117672 2179725 -15531 0 X X 0 1 X 1 0 X 104730 159686 156997 267319 688732 104730 159686 156997 267319 688732 688732 6084 6084 694816 0.99120 X 0 CONDITIONAL ADVANCE 2009675 DUE TO RELATED PARTIES 13421 2023096 X 6084 0 6084 0 6084 21615 0 21615 0 21615 PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2024. THE AGENCY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH NEWVUE COMMUNITIES INC WHERE NEWVUE COMMUNITIES, INC HAS THE MANAGEMENT OVERSIGHT RESPONSIBILITIES UNDER THE DIRECT SUPERVISION OF THE ORGANIZATION'S BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS SEVERAL MEMBERS INCLUDING NEWVUE COMMUNITIES, INC AND EACH MUNICIPALITY THAT HAS EXECUTED A 121A APPLICATION WITH THE ORGANIZATION FORM 990, PART VI, SECTION A, LINE 7A ONE DIRECTOR SHALL BE APPOINTED BY THE APPOINTING AUTHORITY (E.G., THE MAYOR OR TOWN MANAGER) OF EACH MUNICIPALITY THAT HAS EXECUTED A 121A APPLICATION WITH NEWVUE LTA, PROVIDED EACH SUCH MUNICIPAL DIRECTOR SHALL BE APPROVED BY A MAJORITY OF DIRECTORS THEN SERVING. NEWVUE COMMUNITIES, INC. SHALL APPOINT THAT NUMBER OF DIRECTORS EQUAL TO THE NUMBER OF MUNICIPAL DIRECTORS THEN SERVING FROM TIME TO TIME. FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF THE FORM 990, THE FORM IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C NEWVUE LTA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE COI POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 NVC LTA'S 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 NEWVUE LTA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE COI POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART XII, LINE 2C: APPROVED BY THE BOARD OF DIRECTORS.