2025-08-06T11:23:55-05:00 2024-12-31 161451346 FLAHERTY SALMIN LLP 2300 BUFFALO RD BLDG 200 ROCHESTER NY 14624 990 2024-01-01 046190467 HOME CITY DEVELOPMENT INC HOME 4137855312 261 OAK GROVE AVENUE SPRINGFIELD MA 01109 THOMAS KEGELMAN OFFICER 4137855312 2025-08-06 1 1 DALE ROWLAND CPA P00648479 5852790120 2025-08-06 2024 2025-03-06 01:10:19Z THOMAS KEGELMAN 261 OAK GROVE AVENUE SPRINGFIELD MA 01109 1546643 0 X WWW.HOMECITYDEVELOPMENT.ORG X 1968 MA 1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES. 10 10 23 0 0 0 174166 595108 587470 504114 261872 310334 112074 27546 1135582 1437102 0 0 0 0 766461 938187 0 0 0 970670 1031982 1737131 1970169 -601549 -533067 23941602 54239900 11418439 42117710 12523163 12122190 X 1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES. 0 0 1191630 562119 HOME CITY DEVELOPMENT, INC. AND ITS SUBSIDIARIES WERE FORMED TO PROVIDE AND MAINTAIN HOUSING FOR USE BY FAMILIES AND PERSONS OF LOWER INCOME IN WESTERN MASSACHUSETTS. RENTAL DEVELOPMENT & MANAGEMENT OF LOW INCOME HOUSING IN SPRINGFIELD, MA AREA. 1191630 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 24 0 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X THOMAS KEGELMAN 4137855312 261 OAK GROVE AVENUE SPRINGFIELD MA 01109 DR ANDREW BALDER DIRECTOR 1.00 X 0 0 0 V VAN JOHNSON ESQ DIRECTOR 1.00 X 0 0 0 THOMAS MCCOLGAN DIRECTOR 1.00 X 0 0 0 LOLETA COLLINS PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER SUGRUE DIRECTOR 1.00 X 0 0 0 DAVID MAYNARD DIRECTOR 1.00 X 0 0 0 KAREN WALKER DIRECTOR 1.00 X 0 0 0 MALISSA NAYLOR PRESIDENT 1.00 X X 0 0 0 BEVERLY BATES TREASURER 1.00 X X 0 0 0 BERTRAND DANIEL DIRECTOR 1.00 X 0 0 0 THOMAS KEGELMAN EXECUTIVE DIRECTOR/ CLERK 40.00 X 163945 0 6001 PETER SEAFINO SENIOR PROJECT MANAGER 40.00 X 131633 0 5065 JENNICA HUFF DIRECTOR OF REAL ESTATE 40.00 X 140537 0 0 JOESIAH GONZALEZ CHEIFPHILANTHROPY & COMMUNICATIONS OFFICER 40.00 X 157500 0 4946 593615 0 16012 4 0 1 0 0 595108 595108 MANAGEMENT FEE REVENUE 531390 261981 261981 RENTAL INCOME 531390 187614 187614 DEVELOPER FEE REVENUE 531390 54519 54519 504114 279875 279875 140000 109541 30459 30459 30459 MISCELLANEOUS INCOME 531390 27546 27546 27546 1437102 562119 0 279875 169946 169946 589906 384746 205160 21016 15482 5534 92399 78573 13826 64920 47392 17528 11142 11142 31632 31632 90015 90015 25637 25637 49544 49544 222620 222620 37280 36993 287 2672 2672 10909 10909 11608 2018 9590 130938 93580 37358 55875 37097 18778 RESIDENT SERVICES COORD 209914 209914 MAINTENANCE CONTRACTS 47619 47619 PROPERTY TAXES 24916 20045 4871 MAINTENANCE SUPPLIES 18451 18451 51210 29774 21436 1970169 1191630 778539 0 2200485 2417470 3004789 1559125 10662 10760 6223398 874700 5247986 5348698 1397891 3656392 5523423 5685346 6556366 35562109 23941602 54239900 360241 4541914 11789470 9317910 25137566 0 430473 1740288 218287 11418439 42117710 X 12335446 11926120 187717 196070 12523163 12122190 23941602 54239900 -533067 132094 0 X 0 1 X 1 0 X 185168 228621 1059412 174166 595108 2242475 541670 1192736 1643149 587470 504114 4469139 726838 1421357 2702561 761636 1099222 6711614 0 0 0 6711614 204895 275436 247647 261872 279875 1269725 204895 275436 247647 261872 279875 1269725 14716 22637 62499 112074 27546 239472 946449 1719430 3012707 1135582 1406643 8220811 0.81640 0.83230 0.15450 0.14020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1186861 1186861 5036537 874700 4161837 5348698 INVESTMENT IN LP 50 F INVESTMENT IN REAL ESTATE 8829 F PROGRAM LOANS 5676467 F 5685346 CONSTRUCTION IN PROGRESS 27468774 PREDEVELOPMENT EXPENSE 840574 REPLACEMENT RESERVE 374464 SECURITY DEPOSITS 10469 RESIDENT SERVICE RERSERVE 196070 ASSETS HELD FOR SALE 6671758 35562109 ACCRUED INTEREST 57846 DUE TO AFFILIATE 149972 SECURITY DEPOSITS 10469 218287 X 0 0 0 0 0 0 0 0 0 THOMAS KEGELMAN EXECUTIVE DIRECTOR/ CLERK 135235 0 0 0 28710 0 6001 0 0 0 169946 0 0 0 JOESIAH GONZALEZ CHEIFPHILANTHROPY & COMMUNICATIONS O 136983 0 2500 0 18017 0 4946 0 0 0 162446 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A MEMBER OF THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 AND THEN PRESENT IT WITH HIS/HER RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS TO BE VOTED ON FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMING THE EXECUTIVE DIRECTOR COMPENSTATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 HOME CITY DEVELOPMENT, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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