2025-09-30T15:03:53-05:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 042690210 NEWVUE COMMUNITIES INC NEWV 9783429561 470 MAIN STREET FITCHBURG MA 01420 MARC DOHAN EXECUTIVE DIRECTOR 9783429561 2025-09-22 1 1 MATTHEW HUTT CPA P01070603 5083669100 2025-09-22 2024 2025-03-06 01:10:19Z MARC DOHAN 470 MAIN STREET FITCHBURG MA 01420 3853465 0 X WWW.NEWVUECOMMUNITIES.ORG X 1979 MA LED BY COMMUNITY MEMBERS OF DIVERSE INCOME AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES, AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS. 14 14 23 800 0 0 2580302 2447109 1537151 1352626 9466 50556 1914 3174 4128833 3853465 1058050 726000 0 0 1463672 1642295 0 0 0 1373491 1449875 3895213 3818170 233620 35295 4273985 4181073 563866 435659 3710119 3745414 X LED BY COMMUNITY MEMBERS OF DIVERSE INCOMES AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS. 0 0 913632 366051 HOUSING AND FINANCIAL SERVICES: ASSISTS CLIENTS WHO ARE SEEKING TO IMPROVE THEIR FINANCIAL SITUATION THROUGH FINANCIAL COACHING, HOMEOWNERSHIP EDUCATION AND COUNSELING. WE HELP OUR CLIENTS MEET THEIR FINANCIAL GOALS. WE ALSO HELP HOMEOWNERS BUY A HOME, KEEP A HOME AND MAINTAIN A HOME. OUR FOCUS IS ON ASSISTING FIRST TIME HOMEBUYERS WHOARE OF LOW TO MODERATE INCOME TO PURCHASE THEIR FIRST HOME, AND TO HELPLOW AND MODERATE INCOME HOMEBUYERS WHO ARE FACING THE THREAT OFFORECLOSURE TO KEEP THEIR HOME. 1509845 726000 989749 HOUSING DEVELOPMENT: DEVELOPS QUALITY HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. 324512 SMALL BUSINESS: WE SEEK TO CREATE AND RETAIN STRONG BUSINESSES AND GOOD JOBS. WE FOCUS OUR EFFORTS ON MICRO-ENTERPRISES. WE PROMOTE THE ABILITY OF AREA RESIDENTS TO OWN AND OPERATE THEIR OWN BUSINESSES AND GROW AND REVITALIZE EXISTING FIRMS. 409547 COMMUNITY ORGANIZING/PLANNING: ENGAGE RESIDENTS AND DEVELOP LEADERS TO HELP BUILD POWERFUL HEALTHY NEIGHBORHOODS. 114661 ASSET MANAGEMENT: NVC OUTSOURCES ITS PROPERTY MANAGEMENT TO HELP CONTROL MAINTENANCE COSTS, DEVELOP STREAMLINED PROCEDURES AND TO BETTER MANAGE OUR FACILITIES. SERVICES ARE PROVIDED BY WINGATE MANAGEMENT, WHICH SPECIALIZES IN AFFORDABLE HOUSING MANAGEMENT WHILE MAINTAINING A MIX OF CONDOMINIUM AND COMMERCIAL CONTRACTS. WINGATE MANAGEMENT WILL WORK IN PARTNERSHIP WITH NVC TO ENSURE CONTINUED DELIVERY OF QUALITY REAL ESTATE MANAGEMENT SERVICES TO RESIDENTS. 524208 3272197 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 35 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X MARC DOHAN EXECUTIVE DIRECTOR 9783429561 470 MAIN STREET FITCHBURG MA 01420 THOMAS GRAY BOARD PRESIDENT 0.75 0.25 X X 0 0 0 EVELINA RODRIGUEZ BOARD VICE PRESIDENT 1.00 X X 0 0 0 ERIN NANO BOARD TREASURER 0.75 0.25 X X 0 0 0 CHRISTINA DIRUSSO BOARD ASSISTANT TREASURER 1.00 X X 0 0 0 WILLIAM CORTEZIA BOARD CLERK 1.00 X X 0 0 0 MARTA ALBIZU BOARD ASSISTANT CLERK 1.00 X X 0 0 0 BEATRICE KABAYA BOARD DIRECTOR 1.00 X 0 0 0 PHILIP DUFFY BOARD DIRECTOR 1.00 X 0 0 0 LAURA O'KANE BOARD DIRECTOR 1.00 X 0 0 0 LUISA FERNANDEZ BOARD DIRECTOR 1.00 X 0 0 0 DEREK CRAIG BOARD DIRECTOR 1.00 X 0 0 0 CAROLYN SELLARS BOARD DIRECTOR 1.00 X 0 0 0 BARBARA YANKE BOARD DIRECTOR 1.00 X 0 0 0 STEPHANIE PAGE BOARD DIRECTOR 1.00 X 0 0 0 BARBARA ABRAHAM BOARD DIRECTOR (UNTIL 6/24) 1.00 X 0 0 0 ANWAR ARENAS BOARD DIRECTOR (UNTIL 1/24) 1.00 X 0 0 0 EMILY MACRAE BOARD DIRECTOR (UNTIL 6/24) 1.00 X 0 0 0 MARC DOHAN EXECUTIVE DIRECTOR 30.00 10.00 X 161148 0 6598 STEVEN COOK HOUSING DEVELOPMENT 40.00 X 102201 0 38104 DOLORES THIBAULT-MUNOZ DEPUTY DIRECTOR 40.00 X 112964 0 1480 376313 0 46182 3 0 1 0 ANNE REITMAYER CONSULTING 109 FARM STREET DOVER MA 02030 REAL ESTATE CONSULTING SERVICES 216612 1 30000 981690 1435419 2447109 FEES AND PROJECT REIMB 541900 986575 986575 PROGRAM SERVICE FEES 531390 366051 366051 1352626 50556 50556 MISCELLANEOUS 900099 3174 3174 3174 3853465 1355800 0 50556 X 726000 726000 167746 125810 41936 1216531 956693 259838 16576 15580 996 116965 103742 13223 124477 97622 26855 1392 1392 53400 53400 515425 474634 40791 78860 70117 8743 19313 8884 10429 58852 25992 32860 23838 20364 3474 14529 11882 2647 5390 3323 2067 PROGRAM FEES AND SUPPLI 601966 601966 COMMUNITY ACTIVITIES 35515 35515 DUES AND SUBSCRIPTION 19979 16979 3000 MISCELLANEOUS EXPENSES 13212 5388 7824 8204 7221 983 3818170 3272197 545973 0 722522 21295 1408637 2058466 120931 112424 833157 833157 2025 1188738 1153706 4273985 4181073 563866 435659 563866 435659 X 3529613 3536255 180506 209159 3710119 3745414 4273985 4181073 35295 0 X X 0 1 X 1 0 X 1779158 2284434 2814931 2580302 2447109 11905934 1779158 2284434 2814931 2580302 2447109 11905934 1692884 10213050 3556 8247 8823 9466 50556 80648 11986582 4648275 0.85200 0.85550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATES 1153706 1153706 X PART X, LINE 2: NVC ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NVC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2024. HOWEVER, NVC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. 1 NEWVUE AFFFORDABLE HOUSING CORPORATION 470 MAIN STREET FITCHBURG MA 01420 043271288 501 C(2) 726000 0 CAPITAL RESTRICTED GRANT FROM NEWVUE COMMUNITIES TO NEWVUE AFFORDABLE HOUSING CORPORATION. 1 PART I, LINE 2: NEWVUE AFFORDABLE HOUSING CORPORATION PROVIDES A CAPITAL PLAN FOR THE USE OF THE FUNDS GRANTED, THE PLAN INCLUDING ITS EXECUTION IS REVIEWED BY THE BOARD OF DIRECTORS. X 0 0 0 0 0 0 0 0 0 MARC DOHAN EXECUTIVE DIRECTOR 161148 0 0 0 0 0 6446 0 152 0 167746 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ELIGIBLE MEMBERS (BOTH RESIDENTS AND NON-RESIDENTS) ARE ENTITLED TO ONE VOTE ON EACH MATTER BROUGHT TO VOTE TO GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A NVC HAS MEMBERS WHO LIVE OR WORK IN NORTH CENTRAL MASSACHUSETTS WHO ELECT THE BOARD AND HAVE CERTAIN POWERS WITH RESPECT TO CHANGING THE BYLAWS AND ARTICLES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C NVC REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO OTHER ORGANIZATIONS. SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 NVC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND UPON REQUEST. NVC'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 307,732. MANAGEMENT AND GENERAL EXPENSES 19,264. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 326,996. CONSULTING AND CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 166,902. MANAGEMENT AND GENERAL EXPENSES 21,527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 188,429. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN 2024. NEWVUE AFFORDABLE HOUSING CORPORATION 470 MAIN ST FITCHBURG MA 01420 043271288 HOUSING DEVELOPMENT MA 501(C)(2) NEWVUE COMMUNITIES INC 1 CARTER SCHOOL LIMITED PARTERNSHIP 470 MAIN ST FITCHBURG MA 01420 364902485 RENTAL REAL ESTATE MA N/A 0 0 142 WATER ST LIMITED PARTNERSHIP 470 MAIN ST FITCHBURG MA 01420 453049463 RENTAL REAL ESTATE MA N/A 0 0 FAC OWNER LLC 470 MAIN ST FITCHBURG MA 01420 901659980 RENTAL REAL ESTATE MA N/A 0 0 LEOMINSTER AFFORDABLE HOUSING CORPORATION 470 MAIN STREET FITCHBURG MA 01420 272886194 REAL ESTATE DEVELOPMENT MA NEWVUE COMMUNITIES INC C 2056385 1.00000 1 CARTER SCHOOL GP LLC 470 MAIN STREET FITCHBURG MA 01420 830831563 REAL ESTATE MANAGEMENT MA NEWVUE COMMUNITIES INC C -401 -163 0.79000 0 FAC MM LLC 470 MAIN STREET FITCHBURG MA 01420 921737943 REAL ESTATE DEVELOPMENT MA NEWVUE AFFORDABLE HOUSING CORPORATION C 0 0 1 1 1 0 0 0 0 1 0 1 1 0 0 1 0 0 1 0 NEWVUE AFFORDABLE HOUSING CORPORATION B 726000 FMV