2024-03-18T17:01:40-05:00 2023-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2022-07-01 043422217 CAPE ANN FISHERIES DEVELOPMENT CORPORATION C/O MASSDEVELOPMENT CAPE 9782831938 JODREY STATE PIER - 2 STATE PIER GLOUCESTER MA 01930 WILLIAM GROGAN PRESIDENT 9782831938 2024-03-05 1 WILLIAM GROGAN 999009999 0 LYNNE JOHNSON P00757336 6179129000 2024-03-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM GROGAN JODREY STATE PIER - 2 STATE PIER GLOUCESTER MA 01930 541803 0 X N/A X 1997 MA TITLE HOLDING CORP - SEAFOOD PROCESSING FACILITY 3 3 0 3 0 0 0 0 507275 519000 755 22803 0 0 508030 541803 0 0 0 0 0 0 0 0 0 411054 407921 411054 407921 96976 133882 3123151 3140467 5134031 5017465 -2010880 -1876998 CONSTRUCTION AND MANAGEMENT OF A MULTI-TENANT SEAFOOD PROCESSING FACILITY AT JODREY STATE PIER IN GLOUCESTER, MASSACHUSETTS. 0 0 MANAGEMENT OF A MULTI-TENANT SEAFOOD PROCESSING FACILITY AT JODREY STATE PIER IN GLOUCESTER, MASSACHUSETTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 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 1 1 0 1 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X THE ORGANIZATION 9782831938 JODREY STATE PIER - 2 STATE PIER GLOUCESTER MA 01930 X DAVID MARSH DIRECTOR 1.00 X 0 0 0 WILLIAM GROGAN PRESIDENT 1.00 X X 0 0 0 GARY STUART WALKER TREASURER 1.00 X X 0 0 0 RICKS P FRAZIER CLERK (THRU 03/2023) 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531390 519000 519000 519000 22803 22803 541803 519000 0 22803 3938 1143 34128 188364 120334 34877 MAINTENANCE AND REPAIRS 15436 BAD DEBT EXPENSE 9682 ANNUAL ENTITY FILING FE 19 407921 66254 247982 716665 642492 8264 36939 11688 12311 5149829 2989722 2280181 2160107 2593 2333 37506 38303 3123151 3140467 575720 573749 37506 38303 4505702 4402694 15103 2719 5134031 5017465 X -2010880 -1876998 -2010880 -1876998 3123151 3140467 133882 0 X 0 0 0 0 1 X 5080414 2986109 2094305 3613 3613 0 65802 65802 2160107 DEFERRED RENT 2719 2719 PART IV, LINE 2B: TENANT SECURITY DEPOSITS FORM 990, PART VI, SECTION A, LINE 3 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY ("MDFA") OVERSEES MANAGEMENT SERVICES FOR CAPE ANN INCLUDING PROVIDING NECESSARY STAFF AND ADMINISTRATIVE SUPPORT. RICKS FRAZIER, CLERK (THRU 03/2023), AND GARY STUART WALKER, TREASURER, ARE COMPENSATED BY MDFA FOR CALENDAR YEAR 2022. CAPE ANN PAYS MDFA A MANAGEMENT FEE THAT COVERS TIME SPENT BY CERTAIN MDFA EMPLOYEES. THE COMPENSATION FROM MDFA TO GARY AND RICKS IS FOR THEIR OVERALL SERVICES TO MDFA AND ITS AFFILIATES. THERE IS NO SPECIFIC COMPENSATION ALLOCATED TO SERVICES PROVIDED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 CAPE ANN FISHERIES DEVELOPMENT CORPORATION ("CAPE ANN") IS A 501(C)(25) TITLE HOLDING CORPORATION. ITS SOLE BENEFICIARY WHEN FORMED WAS THE MASSACHUSETTS GOVERNMENT LAND BANK WHICH MERGED TO FORM MDFA. THE ORGANIZATION HAS TWO MEMBERS, MDFA AND PLANNING OFFICE FOR URBAN AFFAIRS, INC., AN AFFILIATE OF THE CATHOLIC ARCHDIOCESE OF BOSTON. FORM 990, PART VI, SECTION A, LINE 7A THERE ARE 5 DIRECTORS, 4 ARE APPOINTED BY MEMBERS: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY HAS THE POWER TO APPOINT 2, PLANNING OFFICE FOR URBAN AFFAIRS HAS THE POWER TO APPOINT 2, AND 1 IS A REPRESENTATIVE OF THE GLOUCESTER COMMUNITY APPOINTED BY THE OTHER 4 DIRECTORS. AT THE END OF THIS FISCAL YEAR, MDFA AND THE PLANNING OFFICE FOR URBAN AFFAIRS HAD NOT YET REPLACED TWO OF ITS APPOINTEES, LEAVING A VACANCY ON JUNE 30. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBER, WILLIAM GROGAN (PRESIDENT) WILL REVIEW AND APPROVE THE FORM 990 AFTER IT IS PREPARED BY AN OUTSIDE PAID PREPARER. ONCE THE FORM HAS BEEN APPROVED, IT WILL BE MAILED TO THE REMAINING BOARD MEMBERS VIA CERTIFIED RECEIPT MAIL. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE NO COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1024 AND 990 ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE.