2025-04-22T13:47:57-05:00 2024-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2024-01-01 901249297 BDC COMMUNITY CAPITAL CORPORATION BDCC 7819281100 500 EDGEWATER DRIVE 555 WAKEFIELD MA 01880 KARIM HILL PRESIDENT 7819281100 2025-04-21 1 1 LYNNE JOHNSON P00757336 6179129000 2024 2025-03-06 01:10:19Z KARIM HILL 500 EDGEWATER DRIVE 555 WAKEFIELD MA 01880 1151771 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. 7 7 0 8 0 0 207000 405227 761960 746544 0 0 0 0 968960 1151771 12500 0 0 0 0 0 0 0 0 921850 879375 934350 879375 34610 272396 7810171 12702973 6326003 11196409 1484168 1506564 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 838879 0 746544 LOANS MADE TO BUSINESSES IN ECONOMICALLY DISTRESSED COMMUNITIES. 838879 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 0 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 7 7 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 (THRU 7/10/24) 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 DR 555 WAKEFIELD MA 01880 MANAGEMENT SERVICES 188100 1 405227 405227 INTEREST FROM LOANS 522291 482416 482416 LOAN SERVICES 522291 256000 256000 LOAN FEES 522291 8128 8128 746544 1151771 746544 0 0 188100 176400 11700 130072 130072 27931 27931 865 865 497987 497987 CAPITAL ACCESS PREMIUMS 149420 149420 PROVISION-LOSS RECOVERY -115000 -115000 879375 838879 40496 0 110781 1090861 59237 59632 7640153 11202912 0 349568 7810171 12702973 47933 29549 100000 3692860 6136091 7472091 41979 1909 6326003 11196409 X 1484168 1506564 1484168 1506564 7810171 12702973 272396 -250000 0 X 0 1 X 1 0 X 0 1030000 695000 207000 405227 2337227 287232 371067 399369 761960 746544 2566172 287232 1401067 1094369 968960 1151771 4903399 0 254936 257616 346506 731249 655430 2245737 254936 257616 346506 731249 655430 2245737 2657662 287232 1401067 1094369 968960 1151771 4903399 0.54200 0.53150 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REAL ESTATE INVESTMENT FUND 1900000 C REVOLVING NOTE PAYABLE - PROGRAM RELATED 5961908 C SSBCI PROGRAM PAYABLE 3341004 C 11202912 DUE TO AFFILIATE 1909 1909 X 901771 -250000 -250000 1151771 0 1151771 879375 0 879375 0 879375 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, 2024. 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, 2024 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. 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. THE COPY IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE POLLED ANNUALLY REGARDING CONFLICTS OF INTEREST IN ORDER TO AVOID CONFLICTS BETWEEN PERSONAL INTERESTS AND THE INTERESTS OF BDCCC, ITS BORROWERS OR OTHER CONSTITUENTS OR EVEN THE APPEARANCE OF SUCH CONFLICTS. FAILURE TO OBSERVE BDCCC POLICIES MAY RESULT IN DISCIPLINARY ACTION INCLUDING TERMINATION OF EMPLOYMENT. 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).