Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $108,031

• 2a · Program service revenue: PROGRAM REVENUE & FEES

  total $1,890,622 · related or exempt $1,890,622

• 3 · Investment income

  total $368,047 · excluded $368,047

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $121 · related or exempt $121

• 11e · Other revenue, total

  $121

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $387,846 · program services $308,130 · management and general $77,494 · fundraising $2,222

• 8 · Pension plan contributions

  total $1,493 · program services $1,133 · management and general $360

• 9 · Other employee benefits

  total $11,938 · program services $5,377 · management and general $6,401 · fundraising $160

• 10 · Payroll taxes

  total $19,786 · program services $15,006 · management and general $4,649 · fundraising $131

• 11b · Fees: legal

  total $615,140 · program services $615,140

• 11g · Fees: other

  total $26,468 · management and general $25,577 · fundraising $891

• 12 · Advertising and promotion

  total $106,308 · fundraising $106,308

• 13 · Office expenses

  total $14,724 · program services $14,194 · management and general $92 · fundraising $438

• 22 · Depreciation, depletion and amortization

  total $114,903 · program services $51,706 · management and general $62,048 · fundraising $1,149

• 23 · Insurance

  total $7,129 · program services $7,129

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,092,364 · end of year $3,154,988

• 2 · Savings and temporary cash investments

  beginning of year $4,759,076 · end of year $6,010,723

• 4 · Accounts receivable

  end of year $2,228

• 9 · Prepaid expenses and deferred charges

  beginning of year $241,962 · end of year $334,323

• 10a · Land, buildings and equipment: cost or other basis

  $3,128,413

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,510,450

• 10c · Land, buildings and equipment, net

  beginning of year $153,762 · end of year $1,617,963

• 15 · Other assets

  beginning of year $4,447,779 · end of year $5,002,226

• 17 · Accounts payable and accrued expenses

  beginning of year $1,623,972 · end of year $1,798,939

• 21 · Escrow or custodial account liability

  beginning of year $2,363,662 · end of year $2,761,310

• 25 · Other liabilities

  beginning of year $206,193 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $8,180,610 · end of year $11,441,696

• 28 · Net assets with donor restrictions

  beginning of year $320,506 · end of year $120,506

The filer's explanations (Part III)

PART I, LINE 4B

ELYSE CHERRY, CEO, 457F PLAN. DEWITT JONES, EXECUTIVE VP, 457F PLAN. LISA ZAPPALA, CFO, 457F PLAN.

SCHEDULE J, PART II:

ELYSE CHERRY, INCLUDED IN PART II, COLUMN B (III) IS A $162,500 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $87,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $1,124,619. DEWITT JONES, INCLUDED IN PART II, COLUMN B (III) IS A $75,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $37,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $312,482. LISA ZAPPALA, INCLUDED IN PART II, COLUMN B (III) IS A $75,000 457F PAYOUT. RELATED TO THIS PAYOUT AND REPORTED IN PART II, COLUMN F IS $37,500. THE NET COMPENSATION AS CALCULATED BY TAKING PART II, COLUMN E LESS PART II, COLUMN F IS $476,583.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• NSP RESIDENTIAL LLC

  TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. · MA · income $1,068,866 · assets $6,298,988

  Directly controlled by BLUEHUB CAPITAL INC

• BCC SEA INVESTMENT FUND MANAGER LLC

  TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. · MA · income $0 · assets $0

  Directly controlled by BLUEHUB CAPITAL INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BCLF VENTURES II LLC

  TO MAKE INVESTMENTS IN BUSINESS THAT BENEFIT LOW-INCOME PEOPLE AND COMM. · MA

• SUN INITIATIVE FINANCING LLC

  RELATED · TO FINANCE THE OPERATIONS OF THE STABILIZING URBAN NEIGHBORHOODS INITIATIVE · MA · 50% owned · share of income $106,802 · share of assets $15,419,428 · general or managing partner

  Directly controlled by NSP RESIDENTIAL LLC

• BCC NMTC CDE XXIV LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXVIII LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXIX LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXI LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXII LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXIII LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXIV LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXVI LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXX LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXV LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXVI LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXVII LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

• BCC NMTC CDE XXXVIII LLC

  TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BCC SOLAR ENERGY ADVANTAGE INC

  C · TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS · MA · 100% owned · share of income $704,201 · share of assets $6,564,343 · controlled entity

  Directly controlled by BLUEHUB CAPITAL INC

• BCC NMTC CDE XXV LLC

  C · TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS · MA

• BCC NMTC CDE XXVII LLC

  C · TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS · MA