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← MASSACHUSETTS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by MASSACHUSETTS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,156,365
Total expenses
$2,077,710
Contributions and grants received
$1,740,094
Grants paid
$0
Program service revenue
$173,175
Investment income
$0
Other revenue
$243,096
Total assets, end of year
$1,682,212
Total liabilities, end of year
$842,280
Net assets or fund balances, end of year
$839,932
Program services expenses (Part IX)
$1,879,701
Management and general expenses
$198,009
Fundraising expenses
$0
Program service expenses (Part III)
$1,879,701

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $33,999

  • 1b · Membership dues

    $188,071

  • 1e · Government grants (contributions)

    $643,375

  • 1f · All other contributions, gifts and grants

    $874,649

  • 2a · Program service revenue: MEL KING INSTITUTE

    total $173,175 · related or exempt $173,175

  • 5 · Royalties

    total $124,324 · excluded $124,324

  • 11d · All other revenue

    total $118,772 · related or exempt $118,772

  • 11e · Other revenue, total

    $118,772

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,204 · program services $92,163 · management and general $23,041

  • 7 · Other salaries and wages

    total $730,095 · program services $642,700 · management and general $87,395

  • 8 · Pension plan contributions

    total $33,388 · program services $33,024 · management and general $364

  • 9 · Other employee benefits

    total $77,135 · program services $76,730 · management and general $405

  • 10 · Payroll taxes

    total $69,447 · program services $58,571 · management and general $10,876

  • 11c · Fees: accounting

    total $108,425 · program services $97,021 · management and general $11,404

  • 11d · Fees: lobbying

    total $38,761 · program services $38,761

  • 11f · Fees: investment management

    total $465 · management and general $465

  • 11g · Fees: other

    total $308,150 · program services $278,594 · management and general $29,556

  • 13 · Office expenses

    total $41,905 · program services $36,200 · management and general $5,705

  • 14 · Information technology

    total $96,689 · program services $84,668 · management and general $12,021

  • 16 · Occupancy

    total $134,055 · program services $120,758 · management and general $13,297

  • 22 · Depreciation, depletion and amortization

    total $35,123 · program services $31,643 · management and general $3,480

  • 24a · Other expenses: PROGRAM EXPENSE

    total $288,868 · program services $288,868

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $368,374 · end of year $122,928

  • 2 · Savings and temporary cash investments

    beginning of year $316,676 · end of year $219,338

  • 3 · Pledges and grants receivable

    beginning of year $108,100 · end of year $491,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,806 · end of year $32,501

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

    $156,271

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

    $89,593

  • 10c · Land, buildings and equipment, net

    beginning of year $66,588 · end of year $66,678

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $141,170

  • 14 · Intangible assets

    beginning of year $0 · end of year $597,492

  • 15 · Other assets

    beginning of year $10,189 · end of year $10,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,298 · end of year $237,389

  • 19 · Deferred revenue

    beginning of year $32,750 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $604,891

  • 27 · Net assets without donor restrictions

    beginning of year $608,685 · end of year $645,338

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $194,594

Mission and programs · 2022

Mission

MACDC IS A MEMBERSHIP ORGANIZATION THAT SEEKS TO BUILD AND SUSTAIN A HIGH PERFORMING AND ADAPTIVE COMMUNITY DEVELOPMENT SECTOR THAT IS SUPPORTED BY PRIVATE AND PUBLIC INVESTMENT AND SOUND PUBLIC POLICIES. WE ADVANCE RACIAL AND ECONOMIC EQUITY BY CREATING HEALTHY COMMUNITIES WHERE EVERYONE LIVES IN HOUSING THEY CAN AFFORD, BENEFITS FROM ECONOMIC OPPORTUNITIES AND CAN FULLY PARTICIPATE IN THE CIVIC LIFE OF THEIR COMMUNITY.

Activities or mission (Part I)

SUPPORTING COMMUNITY BASED EFFORTS TO BUILD VIBRANT PLACES THAT PROVIDE ECONOMIC OPPORTUNITY.

  • THE MEL KING INSTITUTE FOR COMMUNITY BUILDING (THE INSTITUTE), WHICH THE ASSOCIATION CO-FOUNDED AND OPERATES, FOSTERS VIBRANT AND THRIVING MASSACHUSETTS COMMUNITIES BY ADVANCING THE SKILLS, KNOWLEDGE AND LEADERSHIP ABILITY OF PROFESSIONAL PRACTITIONERS AND VOLUNTEER LEADERS IN THE COMMUNITY DEVELOPMENT FIELD. TO ACHIEVE ITS MISSION, THE INSTITUTE LEVERAGES COLLABORATIVE EDUCATIONAL PARTNERSHIPS THAT OFFER HIGH QUALITY LEARNING OPPORTUNITIES TO PROFESSIONALS AND VOLUNTEERS IN THE COMMUNITY DEVELOPMENT FIELD, ENCOURAGE INNOVATION, AND PROMOTE AND INSTITUTIONALIZE SYSTEMIC SUCCESS. IN ADDITION TO OFFERING COURSES AND WORKSHOPS, THE INSTITUTE OPERATES A NUMBER OF PROGRAMS, INCLUDING A MENTORING PROGRAM, A TRAINING PROGRAM FOR PUBLIC HOUSING TENANTS CALLED THE RESIDENT LEADERSHIP ACADEMY, AND THE ALLIANCE FOR RACIAL EQUITY.

    Expenses $741,627 · Revenue $173,175

  • THE MEMBER INITIATIVES PROGRAM SEEKS TO STRENGTHEN THE CAPACITY OF THE ASSOCIATION'S MEMBER ORGANIZATIONS TO MEET THE VARIOUS NEEDS OF THEIR COMMUNITIES IN SUCH AREAS AS AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, RESIDENT SERVICES, COMMUNITY ORGANIZING AND FUNDRAISING. AS PART OF THIS PROGRAM, THE ASSOCIATION CONDUCTS PEER GROUPS TO SERVE AS LEARNING AND NETWORKING OPPORTUNITIES FOR PRACTITIONERS; COLLABORATES WITH OTHER ORGANIZATIONS TO OFFER TRAININGS AND DEVELOP PARTNERSHIPS; PROVIDES TECHNICAL ASSISTANCE TO LOCAL ORGANIZATIONS; COLLECTS AND SHARES INFORMATION ABOUT BEST PRACTICES IN THE FIELD; AND PROVIDES GROUP SPONSORED INSURANCE.

    Expenses $582,186 · Revenue $118,772

  • THE COMMUNITY DEVELOPMENT POLICY PROGRAM AIMS TO HELP COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) WITH THEIR HOUSING, ECONOMIC DEVELOPMENT, AND COMMUNITY DEVELOPMENT ACTIVITIES BY CREATING A SUPPORTIVE POLICY ENVIRONMENT. THIS INCLUDES WORKING WITH LOCAL, STATE, AND FEDERAL AGENCIES AND ELECTED OFFICIALS TO DESIGN AND FUND VARIOUS PROGRAMS AND IT ALSO INCLUDES WORKING WITH PRIVATE INTERMEDIARIES, BANKS, FOUNDATIONS, AND CORPORATIONS TO DEVELOP PROGRAMS AND ESTABLISH PARTNERSHIPS.

    Expenses $555,888

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Kriesberg

    PRESIDENT/CEO (UNTIL 12/22)

    Total calculated
    $179,004
    From this org
    $175,504
    From related orgs
    $0
    Other
    $3,500
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $175,504
    Bonus
    $0
    Other
    $0
    Deferred
    $3,500
    Nontaxable benefits
    $0
    Filer's total
    $179,004

  • Angie Liou

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Emilio Dorcely

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mickey Northcutt

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Rafael Mares

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Calderon-Rosado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yun-Ju Choi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Christopolis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Coburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Corley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marc Dohan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teronda Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suneeth John

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gail Latimore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colleen Loveless

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Lyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gonzalo Puigbo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shirronda Almeida

    DIRECTOR OF MEL KING INSTI

    Total calculated
    $129,181
    From this org
    $107,335
    From related orgs
    $0
    Other
    $21,846
    Hours/week
    37.5

  • John Fitterer

    DIRECTOR OF OPERATIONS

    Total calculated
    $118,421
    From this org
    $105,555
    From related orgs
    $0
    Other
    $12,866
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349309456

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