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Nonprofiteer
← LOWER CAPE COD COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by LOWER CAPE COD COMMUNITY DEVELOPMENT CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 5 November 2024 — the latest of 2 it replaced. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$3,934,702
Total expenses
$3,508,346
Contributions and grants received
$2,206,485
Grants paid
$0
Program service revenue
$1,526,819
Investment income
$199,470
Other revenue
$1,928
Total assets, end of year
$11,176,712
Total liabilities, end of year
$7,866,673
Net assets or fund balances, end of year
$3,310,039
Program services expenses (Part IX)
$2,786,324
Management and general expenses
$560,940
Fundraising expenses
$161,082
Program service expenses (Part III)
$2,786,324

Program services were 79.4% 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.

  • 1e · Government grants (contributions)

    $1,450,302

  • 1f · All other contributions, gifts and grants

    $756,183

  • 2a · Program service revenue: PROGRAM INCOME

    total $1,526,819 · related or exempt $1,526,819

  • 3 · Investment income

    total $576 · excluded $576

  • 7a · Gross sales of assets other than inventory

    other assets $405,000

  • 7b · Less cost or other basis and sales expenses

    other assets $206,106

  • 7c · Gain or loss

    other assets $198,894

  • 7d · Net gain or loss

    total $198,894 · related or exempt $198,894

  • 8a · Fundraising events: gross income

    $11,774

  • 8b · Fundraising events: direct expenses

    $9,846

  • 8c · Net income from fundraising events

    total $1,928

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,385,503 · program services $1,049,968 · management and general $223,971 · fundraising $111,564

  • 9 · Other employee benefits

    total $254,507 · program services $192,866 · management and general $41,128 · fundraising $20,513

  • 10 · Payroll taxes

    total $114,972 · program services $87,126 · management and general $18,579 · fundraising $9,267

  • 11a · Fees: management

    total $38,280 · program services $16,246 · management and general $21,000 · fundraising $1,034

  • 11b · Fees: legal

    total $8,450 · program services $3,586 · management and general $4,636 · fundraising $228

  • 11c · Fees: accounting

    total $58,508 · program services $24,831 · management and general $32,097 · fundraising $1,580

  • 11g · Fees: other

    total $70,401 · program services $29,880 · management and general $38,637 · fundraising $1,884

  • 12 · Advertising and promotion

    total $37,668 · program services $27,680 · management and general $7,827 · fundraising $2,161

  • 13 · Office expenses

    total $92,734 · program services $51,536 · management and general $28,870 · fundraising $12,328

  • 16 · Occupancy

    total $157,181 · program services $109,027 · management and general $47,804 · fundraising $350

  • 17 · Travel

    total $14,231 · program services $12,822 · management and general $1,296 · fundraising $113

  • 20 · Interest

    total $137,899 · program services $131,599 · management and general $6,300

  • 22 · Depreciation, depletion and amortization

    total $377,327 · program services $357,689 · management and general $19,638

  • 23 · Insurance

    total $81,611 · program services $62,636 · management and general $18,975

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $336,770 · program services $303,246 · management and general $33,524

  • 24b · Other expenses: HOUSING REHAB

    total $271,332 · program services $271,332

  • 24c · Other expenses: GRANTS AND OTHER ASSISTAN

    total $40,422 · program services $40,422

  • 24d · Other expenses: TRAINING

    total $26,410 · program services $13,832 · management and general $12,518 · fundraising $60

  • 24e · All other expenses

    total $4,140 · management and general $4,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,275,149 · end of year $3,805,232

  • 2 · Savings and temporary cash investments

    beginning of year $207,557 · end of year $208,914

  • 3 · Pledges and grants receivable

    beginning of year $1,077,377 · end of year $295,736

  • 7 · Other notes and loans receivable

    beginning of year $431,931 · end of year $421,212

  • 8 · Inventories for sale or use

    beginning of year $513,946 · end of year $513,946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,228 · end of year $81,773

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

    $11,165,488

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

    $5,350,383

  • 10c · Land, buildings and equipment, net

    beginning of year $6,281,910 · end of year $5,815,105

  • 15 · Other assets

    beginning of year $34,794 · end of year $34,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,034 · end of year $261,934

  • 19 · Deferred revenue

    beginning of year $98,531 · end of year $78,977

  • 23 · Secured mortgages and notes payable

    beginning of year $7,704,846 · end of year $7,464,745

  • 25 · Other liabilities

    beginning of year $60,798 · end of year $61,017

  • 27 · Net assets without donor restrictions

    beginning of year $2,883,683 · end of year $2,497,781

  • 28 · Net assets with donor restrictions

    end of year $812,258

Mission and programs · 2022

Mission

TO NURTURE A VIBRANT LOWER CAPE REGION BY PROMOTING ENVIRONMENTAL AND ECONOMIC SUSTAINABILITY, EXPANDING OPPORTUNITIES FOR LOW-AND MODERATE- INCOME RESIDENTS, AND PRESERVING OUR UNIQUE CULTURAL AND HISTORIC CHARACTER.

  • HOUSING ADVOCACY PROGRAM TO WORK WITH TOWNS ON THE LOWER CAPE TO CREATE MORE OPPORTUNITIES FOR AFFORDABLE HOUSING FOR YEAR ROUND RESIDENTS AND A FIRST TIME HOMEBUYERS PROGRAM TO PROVIDE EDUCATION TO YEAR ROUND RESIDENTS AT OR BELOW 80% OF MEDIUM INCOME.

    Expenses $2,786,324

  • HOUSING RENTAL PROGRAMS - MANAGES 72 AFFORDABLE RENTAL HOMES ACROSS LOWER CAPE COD, INCLUDING STUDIOS TO 3 BEDROOMS, STAND-ALONES TO MULTI-FAMILY PROVIDING HOUSING FOR 140 PEOPLE. ADDITIONALLY, THE PROGRAM MANAGES 28 UNITS OF MARKET RATE (NOT AFFORDABLE UNITS) STUDIOS TO THREE BEDROOM. PROVIDING HOUSING FOR 54 PEOPLE.

  • BUSINESS DEVELOPMENT - PROVIDING ACCESS TO CAPITAL THROUGH MICRO LOANS, OFFERING ONE-ON-ONE GUIDANCE AND EDUCATIONAL WORKSHOPS AND SUPPORTING LOCAL FISHING/SHELLFISHING BUSINESSES WITH EXPERTISE.

  • OTHER HOUSING PROGRAMS

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

Listed in Part VII

  • Kathleen Boyce

    CFAO

    Total calculated
    $124,744
    From this org
    $119,846
    From related orgs
    $0
    Other
    $4,898
    Hours/week
    37.5

  • Jay Coburn

    CEO

    Total calculated
    $170,646
    From this org
    $155,297
    From related orgs
    $0
    Other
    $15,349
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $155,297
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,349
    Nontaxable benefits
    not reported
    Filer's total
    $170,646

  • Steve Cole

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Carole Ridley

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Paul Ruchinskas

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Cusack

    CLERK

    Total calculated
    $0
    Hours/week
    4

  • Matt Cole

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    4

  • Polly Bryson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Foss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Koven

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Maccready

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marin Reinhardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Raphael Richter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kristy Senatori

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Stern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Wolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aaron Polhemos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Kay Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

None.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • THANKFUL CHASE PATHWAYS LLC

    HOUSING · MA · income -$69,443 · assets $2,580,038

    Directly controlled by LCCCDC COMMUNITY DEVELOPMENT PARTNERSHIP

Provenance

Return type
form_990
Tax year
2022
Filed
5 November 2024
IRS schema version
2022v5.0
Source object
202433549349300618

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