2024-08-01T18:49:27-05:00 2023-12-31 420714325 RSM US LLP 151 WEST 42ND STREET 19TH FLOOR NEW YORK NY 10036 990 2023-01-01 901249297 BDC COMMUNITY CAPITAL CORPORATION BDCC 7819281100 500 EDGEWATER DRIVE 555 WAKEFIELD MA 01880 KARIM HILL PRESIDENT 7819281100 2024-08-01 1 0 KRISTIN ANDERSON P01231300 2123721000 2024-07-31 2023 2024-08-08 14:25:15Z KARIM HILL 500 EDGEWATER DRIVE 555 WAKEFIELD MA 01880 968960 0 X WWW.BDCCOMMUNITYCAPITALCORP.COM X 2017 MA PROMOTING COMMUNITY DEVELOPMENT BY PROVIDING ACCESS TO CREDIT, CAPITAL, AND FINANCIAL SERVICES TO MINORITY-OWNED BUSINESSES AND TO BUSINESSES THAT IMPACT LOW TO MODERATE INCOME EMPLOYMENT OPPORTUNITIES THROUGHOUT NEW ENGLAND. 9 9 0 9 0 0 695000 207000 399369 761960 0 0 0 0 1094369 968960 0 12500 0 0 0 0 0 0 0 716561 921850 716561 934350 377808 34610 7847018 7810171 6297460 6326003 1549558 1484168 PROMOTING COMMUNITY DEVELOPMENT BY PROVIDING ACCESS TO CREDIT, CAPITAL, AND FINANCIAL SERVICES TO MINORITY-OWNED BUSINESSES AND TO BUSINESSES THAT IMPACT LOW TO MODERATE INCOME EMPLOYMENT OPPORTUNITIES THROUGHOUT NEW ENGLAND. 0 0 873018 12500 761960 LOANS MADE TO BUSINESSES IN ECONOMICALLY DISTRESSED COMMUNITIES. 873018 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JOHN L HACKETT 7819281100 500 EDGEWATER DRIVE 555 WAKEFIELD MA 01880 X LYNN HARWELL DIRECTOR 1.00 X 0 0 0 KEON HOLMES DIRECTOR 1.00 X 0 0 0 MELVIN MILLER DIRECTOR 1.00 X 0 0 0 NYIAH NOEL DIRECTOR 1.00 X 0 0 0 JOSEPH O'GARRO DIRECTOR 1.00 X 0 0 0 STACY TOWNSEND DIRECTOR 1.00 X 0 0 0 KARIM HILL PRESIDENT 35.00 X X 0 0 0 PAUL F FLYNN JR BOARD CHAIR 1.00 X X 0 0 0 JOHN L HACKETT CFO, TREASURER, & SECRETARY 5.00 X 0 0 0 0 0 0 0 0 0 0 MASSACHUSETTS BUSINESS DEVELOPMENT CORP 500 EDGEWATER DRIVE 555 WAKEFIELD MA 01880 MANAGEMENT SERVICES 188100 1 200000 7000 207000 INTEREST FROM LOANS 522291 583641 583641 LOAN SERVICES 522291 148943 148943 LOAN FEES 522291 29376 29376 761960 968960 761960 0 0 12500 12500 188100 176400 11700 10000 10000 48000 48000 15000 15000 1632 1632 487730 487730 PROVISION FOR LOAN LOSS 100000 100000 CAPITAL ACCESS PREMIUMS 71388 71388 934350 873018 61332 0 632811 110781 61000 59237 7153207 7640153 7847018 7810171 46369 47933 0 100000 6251091 6136091 0 41979 6297460 6326003 X 1449558 1484168 100000 0 1549558 1484168 7847018 7810171 34610 -100000 0 X 0 1 X 1 0 X 0 0 1030000 695000 207000 1932000 166359 287232 371067 399369 761960 1985987 166359 287232 1401067 1094369 968960 3917987 0 245389 254936 257616 346506 731249 1835696 245389 254936 257616 346506 731249 1835696 2082291 166359 287232 1401067 1094369 968960 3917987 0.53150 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REAL ESTATE INVESTMENT FUND 1900000 C PRIVATE COMPANY PREFERRED STOCK 250000 C REVOLVING NOTE PAYABLE - PROGRAM RELATED 5490153 C 7640153 DUE TO AFFILIATE 41979 41979 X 868960 -100000 -100000 968960 0 968960 934350 0 934350 0 934350 PART X, LINE 2: BDC COMMUNITY CAPITAL CORPORATION (BDCCC) IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BDCCC QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. BDCCC DID NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2023. MANAGEMENT EVALUATED BDCCC'S TAX POSITIONS AND CONCLUDED THAT BDCCC HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEAR ENDED DECEMBER 31, 2023. BDCCC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS. UNDER INTERNAL REVENUE SERVICE STATUTES, WITH FEW EXCEPTIONS, THE ENTITY IS ONLY SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. 1 RON BURTON TRAINING VILLAGE INC 71 HIGHBRIDGE ROAD - PO BOX 2 HUBBARDSTON MA 01452 222570218 501(C)(3) 12500 0 TO SUPPORT INNER CITY YOUTH PROGRAMS 1 0 PART I, LINE 2: BDCCC MAINTAINS A RELATIONSHIP WITH RON BURTON TRAINING VILLAGE, INC. BY STAYING IN CONTACT WITH THE ORGANIZATIONS LEADERSHIP AND ALSO PARTAKING IN ANNUAL VISITS TO THEIR HUBBARDSTON, MASSACHUSETTS, SUMMER CAMP LOCATION AND EVENTS. BDCCC RECEIVES CONTRIBUTION INVOICES REGARDING SPONSORSHIP OF EVENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY BDC COMMUNITY CAPITAL CORPORATION'S INDEPENDENT ACCOUNTING FIRM, RSM US LLP. THE RETURN IS THEN REVIEWED BY THE ORGANIZATION'S TREASURER AND PRESIDENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE POLLED ANNUALLY REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 BDC COMMUNITY CAPITAL CORPORATION'S BY-LAWS, CHARTER, FINANCIAL STATEMENTS AND CERTAIN OTHER GOVERNING DOCUMENTS (E.G., CONFLICT OF INTEREST POLICY), ARE AVAILABLE FOR REVIEW UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).