2024-11-01T10:44:01-05:00 2023-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2023-07-01 042921465 MAIN SOUTH COMMUNITY DEVELOPMENT CORP MAIN 5087526181 875 MAIN STREET WORCESTER MA 01610 J STEPHEN TEASDALE EXECUTIVE DIRECTOR 5087526181 2024-10-30 1 1 ANDREW BACIGALUPO P01797572 6172629898 2024-10-30 2023 2024-10-15 13:58:12Z J STEPHEN TEASDALE 875 MAIN STREET WORCESTER MA 01610 1578508 0 X WWW.MAINSOUTHCDC.ORG X 1986 MA TO PARTICIPATE IN THE PROMOTION AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN THE MAIN SOUTH AREA OF WORCESTER, MASSACHUSETTS. 13 13 14 10 0 0 1034725 581463 1935351 932988 20262 16485 80274 47572 3070612 1578508 0 0 0 0 970394 486203 0 0 22222 2426578 1139600 3396972 1625803 -326360 -47295 15279032 15549435 10432191 10749889 4846841 4799546 TO PARTICIPATE IN THE PROMOTION AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN THE MAIN SOUTH AREA OF WORCESTER, MASSACHUSETTS. 0 0 1332269 866122 MANAGEMENT OF AFFORDABLE HOUSING PREVIOUSLY ACQUIRED AND DEVELOPED. 27516 66866 ECONOMIC DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING IN THE MAIN SOUTH AREA OF WORCESTER, MA. 115204 149221 NEIGHBORHOOD REVITILIZATION AREA OF WORCESTER, MA. 1474989 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 1 1 0 0 0 1 41 0 14 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X CARMEN VALLE 5087526181 875 MAIN STREET WORCESTER MA 01610 JENNIFER PLANTE PRESIDENT 0.50 X X 0 0 0 MARITZA CRUZ DIRECTOR 0.50 X 0 0 0 LYNNEL REED DIRECTOR 0.50 X 0 0 0 BRANDYN BASCONES CLERK 0.50 X X 0 0 0 SARAH BALASEA DIRECTOR 0.50 X 0 0 0 EDUARDO RIVAS DIRECTOR 0.50 X 0 0 0 KATIA NORFORD DIRECTOR 0.50 X 0 0 0 FRED TAYLOR DIRECTOR 0.50 X 0 0 0 DEBORAH SANCHEZ DIRECTOR 0.50 X 0 0 0 ISAAC MCBRIDE DIRECTOR 0.50 X 0 0 0 J STEPHEN TEASDALE EXECUTIVE DIRECTOR 37.50 X 129037 0 11357 129037 0 11357 1 0 0 0 0 149221 432242 581463 RENTAL INCOME 532000 703849 703849 MANAGMENT FEES & OTHER 531310 162273 162273 PAYROLL & OVERHEAD 900099 66866 66866 932988 16485 16485 MISCELLANEOUS INCOME 531310 41864 41864 FORGIVENESS OF BAD DEB 531390 5708 5708 47572 1578508 997045 0 0 73828 49164 14418 10246 336315 289457 46318 540 25019 20656 3705 658 20716 17103 3068 545 30325 25037 4491 797 11346 6040 5306 85691 82433 3258 32681 32681 9436 9436 240031 240031 197820 197820 54810 39463 15347 REPAIRS & MAINTENANCE 176022 176022 UTILITIES 112538 112538 REAL ESTATE TAXES 80662 80662 CONSULTING 45871 45871 92692 92692 1625803 1474989 128592 22222 586517 688946 238809 276202 2223038 2270798 16549739 6969471 9727078 9580268 2503590 2733221 15279032 15549435 230786 248559 9247871 9323267 953534 1178063 10432191 10749889 X 3331974 3284679 1514867 1514867 4846841 4799546 15279032 15549435 -47295 0 X 0 1 X 0 1 1 X 445599 689389 811758 1034725 581463 3562934 445599 689389 811758 1034725 581463 3562934 3562934 1258 553 295 16485 18591 118124 33295 25909 41863 219191 3800716 0.93740 0.94350 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION CHANGED ITS YEAR END FROM A FISCAL YEAR TO A CALENDAR YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 860489 860489 15254010 6580571 8673439 435240 388900 46340 9580268 PROJECT UNDER DEVELOPMENT 367686 RESTRICTED CASH 256696 DUE FROM AFFILIATES 1145000 RIGHT OF USE ASSET - OPERATING LEASE 963839 2733221 SECURITY DEPOSITS 108659 ADVANCE ON CONTRACTS 99303 DUE TO AFFILIATES 6262 RIGHT OF USE LIABILITY - OPERATING LEASE 963839 1178063 X PART X, LINE 2: MAIN SOUTH CDC EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS AND IT ITS SUBSIDIARIES' TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. AT DECEMBER 31, 2023, MAIN SOUTH CDC BELIEVES THAT IS HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX RETURNS AND WITHIN ANY OF ITS SUBSIDIARIES' OPEN TAX RETURNS. FORM 990, PART VI, SECTION A, LINE 6 GENERAL MEMBERSHIP OF THE CORPORATION SHALL BE OPEN TO ALL PEOPLE WHO LIVE, WORK, OR OWN OR OPERATE A BUSINESS IN THE TARGET AREA OF THE ORGANIZATION. A MEMBERSHIP APPLICATION IS TO BE FILED WITH THE CORPORATE OFFICE TO BECOME A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD SHALL BE ELECTED BY THE GENERAL MEMBERSHIP OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS DISTRUBUTED TO ALL BOARD MEMBERS FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR EVERY BOARD MEMBER RECEIVES A WRITTEN REQUEST TO DISCLOSE ANY ACTIVITIES THAT MAY RESULT IN A CONFLICT OF INTEREST WITH THE AGENCY. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE FURNISHED UPON WRITTEN REQUEST TO THE ORGANIZATION, ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS "MASS.GOV AND "GUIDESTAR.ORG" FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. BEACON BRIGHTLY LLC 875 MAIN STREET WORCESTER MA 01610 TO DEVELOP AFFORDABLE REAL ESTATE FOR RENTAL AND SALE IN WORCESTER, MA. 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