2025-09-02T14:00:55-05:00 2024-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2024-01-01 042921465 MAIN SOUTH COMMUNITY DEVELOPMENT CORP MAIN 5087526181 875 MAIN STREET WORCESTER MA 01610 J STEPHEN TEASDALE EXECUTIVE DIRECTOR 5087526181 2025-08-22 1 0 ANDREW BACIGALUPO P01797572 6172629898 2025-08-22 2024 2025-03-06 01:10:19Z J STEPHEN TEASDALE 875 MAIN STREET WORCESTER MA 01610 5150736 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. 9 9 15 14 0 0 581463 2993813 932988 2012701 16485 109202 47572 19821 1578508 5135537 0 0 0 0 486203 1026885 0 0 49938 1139600 2459575 1625803 3486460 -47295 1649077 15549435 18046522 10749889 11597899 4799546 6448623 TO PARTICIPATE IN THE PROMOTION AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN THE MAIN SOUTH AREA OF WORCESTER, MASSACHUSETTS. 0 0 2842416 1822246 MANAGEMENT OF AFFORDABLE HOUSING PREVIOUSLY ACQUIRED AND DEVELOPED. 56889 190455 ECONOMIC DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING IN THE MAIN SOUTH AREA OF WORCESTER, MA. 278004 2711359 NEIGHBORHOOD REVITILIZATION AREA OF WORCESTER, MA. 3177309 1 0 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 24 0 15 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 BRENDA JENKINS 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 ISAAC MCBRIDE DIRECTOR 0.50 X 0 0 0 EDUARDO RIVAS TREASURER 0.50 X 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 J STEPHEN TEASDALE EXECUTIVE DIRECTOR 37.50 X 139734 0 12140 139734 0 12140 1 0 0 0 0 2711359 282454 2993813 RENTAL INCOME 532000 1459816 1459816 MANAGMENT FEES & OTHER 531310 362430 362430 PAYROLL & OVERHEAD 900099 190455 190455 2012701 17131 17131 107270 15199 92071 92071 92071 MISCELLANEOUS INCOME 531310 19821 19821 19821 5135537 2141724 0 0 153926 102967 29666 21293 716988 621108 93366 2514 19264 15770 2928 566 69826 57918 9977 1931 66881 55578 9470 1833 6803 6803 165419 165419 74836 74836 21801 21801 488855 488855 394702 394702 139180 100210 38970 REPAIRS & MAINTENANCE 411440 411440 UTILITIES 298075 298075 REAL ESTATE TAXES 156028 156028 CONSULTING 152546 152546 149890 149890 3486460 3177309 259213 49938 688946 1307223 276202 250308 2270798 2204767 16591675 7364173 9580268 9227502 2733221 5056722 15549435 18046522 248559 368708 9323267 10048021 1178063 1181170 10749889 11597899 X 3284679 3215627 1514867 3232996 4799546 6448623 15549435 18046522 1649077 0 X 0 1 X 0 1 1 X 689389 811758 1034725 581463 2993813 6111148 689389 811758 1034725 581463 2993813 6111148 6111148 553 295 16485 17131 34464 33295 25909 41863 19821 120888 6266500 0.97520 0.93740 X 860489 860489 15292846 6968506 8324340 438340 395667 42673 9227502 PROJECT UNDER DEVELOPMENT 2687728 RESTRICTED CASH 263191 DUE FROM AFFILIATES 1163073 RIGHT OF USE ASSET - OPERATING LEASE 942730 5056722 SECURITY DEPOSITS 114638 ADVANCE ON CONTRACTS 106160 DUE TO AFFILIATES 13380 RIGHT OF USE LIABILITY - OPERATING LEASE 946992 1181170 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, 2024, 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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