2024-11-12T13:03:59-06:00 2023-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2023-01-01 042982308 LAWRENCE COMMUNITYWORKS INC LAWR 9786853115 168 NEWBURY STREET LAWRENCE MA 01841 SURESH SIVA CHIEF FINANCIAL OFFICER 9786853115 2024-11-12 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2024-11-08 2023 2024-10-15 13:58:12Z JESSICA ANDORS 168 NEWBURY STREET LAWRENCE MA 01841 7255778 0 X WWW.LAWRENCECOMMUNITYWORKS.ORG X 1986 MA LAWRENCE COMMUNITYWORKS (LCW) IS A COMMUNITY DEVELOPMENT CORPORATION THAT WEAVES TOGETHER COMMUNITY PLANNING, ORGANIZING, AND ASSET-BUILDING EFFORTS WITH HIGH-QUALITY AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT TO CREATE VIBRANT NEIGHBORHOODS AND EMPOWERED RESIDENTS. BY FACILITATING CONVERSATIONS AND ACTION ON COMMUNITY PRIORITIES, LCW ENGAGES PARTNERS AND A NETWORK OF YOUTH AND ADULT RESIDENTS IN OPPORTUNITIES TO MOVE THEMSELVES AND THIS CITY FORWARD. 12 12 70 12 0 0 2856184 6014230 2307350 1189548 118726 7261 220024 44739 5502284 7255778 26056 93967 0 0 3227902 3725967 0 0 276865 1588809 3246171 4842767 7066105 659517 189673 57985659 81533391 39358169 56629141 18627490 24904250 X LAWRENCE COMMUNITYWORKS (LCW) IS A COMMUNITY DEVELOPMENT CORPORATION THAT WEAVES TOGETHER COMMUNITY PLANNING, ORGANIZING, AND ASSET-BUILDING EFFORTS WITH HIGH-QUALITY AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT TO CREATE VIBRANT NEIGHBORHOODS AND EMPOWERED RESIDENTS. BY FACILITATING CONVERSATIONS AND ACTION ON COMMUNITY PRIORITIES, LCW ENGAGES PARTNERS AND A NETWORK OF YOUTH AND ADULT RESIDENTS IN OPPORTUNITIES TO MOVE THEMSELVES AND THIS CITY FORWARD. 0 0 3420057 93967 855193 THE PROPERTY RENTAL PROGRAM CONSISTS OF RENTAL ACTIVITIES RELATED TO 8 RESIDENTIAL PROPERTIES IN THE LAWRENCE AREA, THE MAJORITY OF WHICH ARE SUBJECT TO LONG-TERM AFFORDABLE HOUSING RESTRICTIONS. THE RESIDENTIAL PROPERTIES CONTAIN 230 UNITS IN TOTAL, ARE SUBJECTED TO AFFORDABILITY RESTRICTIONS, SOME OF WHICH ARE ATTACHED TO THE RELATED LAND, AND ARE RENTED TO FAMILIES OF LOW TO MODERATE INCOMES. THE PROPERTY RENTAL PROGRAM ALSO CONSISTS OF ONE COMMERCIAL PROPERTY IN LAWRENCE. ALL LEASES BETWEEN THE AGENCY AND ITS TENANTS ARE OPERATING LEASES. THE PROPERTY RENTAL PROGRAM ACCOUNTED FOR APPROXIMATELY 59% OF TOTAL PROGRAM EXPENDITURES. 811539 265366 ASSET BUILDING IS A UNIQUE ECONOMIC DEVELOPMENT STRATEGY TO PROMOTE THE EDUCATIONAL ADVANCEMENT AND BUILD THE SOCIAL CAPITAL OF LAWRENCE RESIDENTS. THE PROGRAM PROVIDES HOME-OWNERSHIP AND EDUCATIONAL PROGRAMS INCLUDING PRE- AND POST-PURCHASE HOMEBUYER EDUCATION, FORECLOSURE INTERVENTION, MATCHED SAVINGS FOR ASSET OWNERSHIP, FINANCIAL EDUCATION AND COACHING, ENGLISH AS A SECOND LANGUAGE CLASSES AND VARIOUS HARD AND SOFT SKILL WORKFORCE PREPARATION CLASSES AND ACTIVITIES. THE FINANCIAL STABILITY CENTER PROVIDES A BUNDLING OF FINANCIAL EDUCATION, ASSET-BUILDING, INCOME SUPPORT AND JOB READINESS PROGRAMS TO ENCOURAGE FAMILIES AS THEY STRIVE FOR ECONOMIC MOBILITY AND SECURITY. THE ASSET BUILDING AND FINANCIAL STABILITY CENTER PROGRAM ACCOUNTED FOR APPROXIMATELY 14% OF TOTAL PROGRAM EXPENDITURES. 347802 113728 MOVEMENT CITY IS AN EMPOWERMENT NETWORK IN WHICH LAWRENCE AREA YOUTH CAN PARTICIPATE IN A WIDE RANGE OF HIGHLY CREATIVE ECONOMIC, ACADEMIC, LEADERSHIP DEVELOPMENT AND COLLECTIVE ACTION ACTIVITIES. THE PROGRAM'S GOAL IS TO ENCOURAGE AND ALLOW YOUNG PEOPLE TO EXPLORE THEIR POTENTIAL THROUGH PERFORMING ARTS, DESIGN AND USE OF TECHNOLOGY, MENTORING, ACADEMIC SUPPORT, CIVIC ENGAGEMENT AND MONEY MANAGEMENT. MOVEMENT CITY ACCOUNTED FOR APPROXIMATELY 6% OF TOTAL PROGRAM EXPENDITURES. 1217308 OTHER PROGRAM 1217308 5796706 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 26 0 1 70 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SURESH SIVA CFO 9787222601 168 NEWBURY STREET LAWRENCE MA 01841 ARIORCA ABREU BOARD MEMBER 2.00 1.00 X 0 0 0 ARMAND HYATT GENERAL COUNSEL 2.00 1.00 X X 0 0 0 CARLOS MANUEL MOREL PEREZ BOARD MEMBER 2.00 1.00 X 0 0 0 JACOBA OLIVERO CLERK 2.00 1.00 X X 0 0 0 JONATHAN MACHADO ASSISTANT TREASURER 2.00 1.00 X X 0 0 0 JONATHAN MEDRANO BOARD MEMBER 2.00 1.00 X 0 0 0 MANDY GUEVARA BOARD MEMBER 2.00 1.00 X 0 0 0 MARIA FINA VICE PRESIDENT 2.00 1.00 X X 0 0 0 MARIEL SILVERIO ASSSISTANT CLERK 2.00 1.00 X X 0 0 0 NANCY COLON BOARD MEMBER 2.00 1.00 X 0 0 0 PATRICK GROTTON TREASURER 2.00 1.00 X X 0 0 0 ROSA PINA PRESIDENT 2.00 1.00 X X 0 0 0 JESSICA ANDORS EXECUTIVE DIRECTOR 40.00 1.00 X 114885 0 12852 SURESH SIVASITHAMPARAM CHIEF FINANCIAL OFFICER 40.00 1.00 X 106600 0 3220 221485 0 16072 2 0 0 0 DELPHI CONSTRUCTION COMPANY 255 BEAR HILL ROAD WALTHAM MA 02451 GENERAL CONTRACTOR 12249809 BOSTON ENVIRONMENT 1 CITY HALL SQUARE ROOM 805 BOSTON MA 02201 ENVIRONMENTAL JUSTICE 1146024 ICON ARCHITECTS 101 SUMMER STREET BOSTON MA 02110 ARCHITECTURAL SERVICES 539363 EQUITY GROUP 800 THIRD AVENUE 36TH FLOOR NEW YORK NY 10022 INVESTMENT CONSULTANT 477018 ABACUS ARCHITECTS 119 BRAINTREE ST BOSTON MA 02134 ARCHITECTS 297320 11 67251 1147260 4799719 6014230 LOW INCOME HOUSING REN 531110 876184 876184 PROGRAM AND CONTRACT R 531110 232184 232184 MANAGEMENT FEE 531110 81180 81180 1189548 7261 7261 INSURANCE REBATES 900099 22376 22376 LEGAL SETTLEMENT 900099 19613 19613 2750 2750 44739 7255778 1234287 0 7261 93967 93967 242655 174613 52524 15518 2881781 2073716 623776 184289 39934 28736 8644 2554 243523 175238 52712 15573 318074 228884 68849 20341 50242 48709 344 1189 196150 190165 1342 4643 99748 96705 682 2361 88084 87332 470 282 10855 8770 1788 297 150541 121628 24793 4120 77097 62290 12697 2110 275123 269684 3466 1973 14250 11513 2347 390 5952 4809 980 163 720292 713780 3918 2594 686630 652365 26360 7905 88308 86562 1113 633 REPAIRS & MAINTENANCE 186571 182882 2351 1338 LEASE UP COSTS 132739 132739 DISASTER RELIEF EXPENSE 76494 74981 964 549 387095 276638 102414 8043 7066105 5796706 992534 276865 4633427 4785751 67445 116030 12128 10011 39267295 6407069 10553171 32860226 70100 70200 42649388 43691173 57985659 81533391 3519947 5907715 6958 13157 38502 64969 30266482 44577508 5526280 6065792 39358169 56629141 X 18235087 23993945 392403 910305 18627490 24904250 57985659 81533391 X 189673 6087087 X 0 1 X 1 1 1 X 2618479 3103874 3194131 2856184 6014230 17786898 2618479 3103874 3194131 2856184 6014230 17786898 17786898 42700 55404 92634 118726 7264 316728 860750 23886 698566 220024 44739 1847965 19951591 8503320 0.89150 0.86670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 860,750. 2020 AMOUNT: $ 23,886. 2021 AMOUNT: $ 698,566. 2022 AMOUNT: $ 155,024. 2023 AMOUNT: $ 2,750. DISASTER RELIEF - 2022 AMOUNT: $ 65,000. INSURANCE REIMBURSEMENT - 2023 AMOUNT: $ 22,376. LEGAL SETTLEMENT - 2023 AMOUNT: $ 19,613. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 348907 348907 5558078 5906985 445349 111337 0 0 475372 347114 340299 445349 1608134 2412201 348907 348907 118843 86779 85075 111337 402034 603051 0 1 X 3153004 3153004 36114291 6407069 29707222 32860226 NOTE RECEIVABLE - RELATED PARTY 7645360 REAL ESTATE PROJECT DEVELOPMENT COSTS 28873352 TENANT SECURITY DEPOSITS 65123 RESTRICTED DEPOSITS 136239 DUE FROM AFFILIATES 6805633 OTHER ASSET 101100 TAX CREDIT MONITORING FEES 64366 43691173 CAPITAL LEASE PAYABLE 167683 DUE TO AFFILIATES 4556813 DEVELOPMENT FEE PAYABLE 1341296 6065792 X 12973694 113750 5604166 5717916 7255778 0 7255778 11937034 113750 4757179 4870929 7066105 0 7066105 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE. PART X, LINE 2: LCW QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND THEREFORE IS NOT SUBJECT TO INCOME TAX. LCW IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). CERTAIN UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WAS NO LIABILITY FOR TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 6,054,324. INTERCOMPANY ELIMINATIONS -450,158. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 5,091,468. INTERCOMPANY ELIMINATIONS -334,289. 1 GROUNDWORK LAWRENCE INC 50 ISLAND STREET SUITE 101 LAWRENCE MA 01850 043546770 501(C)(3) 90000 0 SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE 1 PART I, LINE 2: LCW GRANTS AMOUNTS ONLY TO PARTNER ORGANIZATIONS FOR GRANTS AWARDED TO LCW FOR THE PURPOSES OF WORK BEING DONE BY A NUMBER OF PARTNERING ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 3 FIRST REALTY MANAGEMENT IS THE MANAGEMENT AGENT FOR VARIOUS PROPERTIES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP BASED ORGANIZATION. THE MEMBERS DO NOT HAVE ANY RIGHTS TO RECEIVE DISTRIBUTIONS OR TO PARTICIPATE IN GOVERNANCE OTHER THAN ELECTING THE BOARD OF DIRECTORS AND APPROVING BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS APPROVAL IS REQUIRED FOR ANY CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS REVIEWED BY SENIOR MANAGEMENT AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SIGN CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR-JESSICA ANDORS'S SALARY IS DETERMINED BY THE BOARD. THE CHIEF FINANCIAL OFFICER'S SALARY IS DETERMINED BY THE EXECUTIVE DIRECTOR AND THEIR ANALYSIS INCLUDES REVIEWING COMPARABLE SALARIES OF POSITION WITHIN THE CDC WORLD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DISTRIBUTIONS FROM CONTROLLING INTEREST -11,981. CAPITAL CONTRIBUTIONS - NONCONTROLLING INTEREST 6,099,068. 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