2024-04-25T14:52:34-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2022-07-01 611717943 BPHC NORTHAMPTON DEVELOPMENT CORP INC BPHC 6175389640 1010 MASSACHUSETTS AVENUE BOSTON MA 02118 TIMOTHY HARRINGTON PRESIDENT/CLERK/DIRECTOR 6175389640 2024-04-20 1 TIMOTHY HARRINGTON 999009999 0 DANIELLE NIHILL P01350943 7819821001 2024-04-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY HARRINGTON 1010 MASSACHUSETTS AVENUE BOSTON MA 02118 2078212 0 X N/A X 2013 MA PROMOTE CIVIC BETTERMENT, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AND MAINTAIN LOW-INCOME HOUSING. 2 2 0 3 0 0 0 0 1325517 2078212 0 0 0 0 1325517 2078212 0 0 0 0 0 0 0 0 0 1125000 1875000 1125000 1875000 200517 203212 20308757 20511969 0 0 20308757 20511969 X THE ORGANIZATIONS MISSION IS TO PROMOTE SOCIAL WELFARE BY BRINGING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY LESSONING THE BURDENS ON GOVERNMENT AND HELPING TO PROVIDE AFFORDABLE HOUSING TO RESIDENTS OF THE CITY OF BOSTON, THEREBY RELIEVING THE POOR AND DISTRESSED. OVER THE LAST 7 YEARS WE HAVE HELPED REHABILITATE AND MAINTAIN 347 RESIDENTIAL UNITS, OF WHICH, 265 ARE AFFORDABLE TO RESIDENTS MAKING 60% OF THE AREA MEDIAN INCOME OR LESS ON OUR CAMPUS KNOWN AS THE NORTHAMPTON SQUARE CAMPUS. 0 0 1875000 2078212 TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE NORTHAMPTON SQUARE CAMPUS, WITHOUT BURDENING THE GOVERNMENT. FOR PURPOSES OF REHABILITATING TWO BUILDINGS, 347 UNITS OWNED BY THE BOSTON PUBLIC HEALTH COMMISSION ("BPHC"), TWO FOR-PROFIT PARTNERSHIPS ENTERED INTO CAPITAL LEASES FOR THE TWO BUILDINGS, AND RAISED THE FUNDS TO DO A SIGNIFICANT REHABILITATION OF THE TWO BUILDINGS. PROGRAM REVENUE IS RECEIVED FROM THE PARTNERSHIPS IN THE FORM OF LEASE PAYMENTS AS WELL AS ACCRUED INTEREST ON LOANS PROVIDED THROUGH THE SALE OF STATE LOW INCOME HOUSING TAX CREDITS THAT ARE DUE UPON MATURITY. ONCE THE ORGANIZATION RECEIVES THE LEASE PAYMENTS THAT ARE CONTINGENT ON CASH AVAILABLE FROM THE PARTNERSHIPS, CASH PAYMENTS ARE PAID OUT TO THE BPHC TO FUND PROGRAMS FOR THE HOMELESS AND OTHER SERVICES. A SCHEDULE R IS ATTACHED TO DISCLOSE THE RELATED PARTY. DURING THIS YEAR THE PAYMENTS IN THE AMOUNT OF $1,875,000 WERE PAID TO THE BPHC FOR THE PROGRAM SERVICES. 1875000 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 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X TIMOTHY HARRINGTON 6175389640 1010 MASSACHUSETTS AVE BOSTON MA 02118 X TIMOTHY HARRINGTON PRESIDENT/CLERK/DIRECTOR 2.00 38.00 X X 0 0 0 BATOOL RAZA TREASURER 2.00 38.00 X X 0 0 0 0 0 0 0 0 0 0 0 CAPITAL LEASE PAYMENTS 531390 1875000 1875000 ACCRUED INTEREST ON LO 531390 203212 203212 2078212 2078212 2078212 0 0 1875000 1875000 1875000 1875000 0 0 X 20308757 20511969 20308757 20511969 0 0 X 0 0 0 0 20308757 20511969 20308757 20511969 20308757 20511969 203212 0 X 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE 990 IS FORWARDED IN DRAFT TO THE ORGANIZATIONS BOARD OF DIRECTORS AND OFFICERS FOR REVIEW AND COMMENT, BEFORE IT IS SIGNED BY THE CLERK AND SENT TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART X, LINE 7 AND 33 THE NET ASSETS ARE DUE AND PAYABLE PURSUANT TO THE TERMS OF THE LOAN AGREEMENTS. UNPAID PRINCIPLE AND INTEREST IS DUE UPON MATURITY OR SALE ON ALL OF THE LOANS COMMONWEALTH OF MASSACHUSSETTS BOSTON PUBLIC HEALTH COMMISSION (BPHC) 1010 MASSACHUSSETTS AVENUE BOSTON MA 02118 GOVERNMENT ACTIVITY MA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 BOSTON PUBLIC HEALTH COMMISSION R 1875000 CAPITAL LEASE AGREEMENT