2025-11-12T08:58:32-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 CONGRESS STREET SUITE 710 BOSTON MA 02110 990 2024-01-01 042760272 COALITION FOR A BETTER ACRE INC COAL 9784527523 517 MOODY STREET LOWELL MA 01854 DAN RIVERA CEO 9789051309 2025-11-12 1 1 CHARLES A RHUDA III P00133647 6173301920 2024 2025-03-06 01:10:19Z RICHARD CHAVEZ 517 MOODY STREET LOWELL MA 01854 5771082 0 X N/A X 1982 MA COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT, TRAINING AND AFFORDABLE HOUSING FOR RESIDENTS 13 13 35 0 0 0 1816781 2513603 1313336 1232665 1236289 1804021 117367 220793 4483773 5771082 0 0 0 0 1825256 2188755 0 0 57157 1753994 2204114 3579250 4392869 904523 1378213 37585900 40571048 12772442 14379377 24813458 26191671 X COALITION FOR A BETTER ACRE (CBA) IS DEDICATED TO CREATING STABLE NEIGHBORHOODS AND IMPROVING THE QUALITY OF LIFE FOR RESIDENTS THROUGH AFFORDABLE HOUSING DEVELOPMENT, COMMUNITY ENGAGEMENT, AND SUPPORTIVE PROGRAMS. 0 0 2184653 1649863 CBA DEVELOPS AFFORDABLE HOUSING TO STABILIZE NEIGHBORHOODS IN LOWELL, HAVERHILL, AND DRACUT. SINCE 1982, CBA HAS DEVELOPED 556 RESIDENTIAL UNITS HOUSING MORE THAN 1,100 PEOPLE AND CONSISTING OF 18 DIFFERENT BUILDINGS/SITES IN LOWELL, HAVERHILL, AND DRACUT. SINCE 1982, CBA HAS INVESTED MORE THAN $189 MILLION IN DEVELOPING STABLE NEIGHBORHOODS IN THESE COMMUNITIES. OUR LANDMARK DEVELOPMENT PROJECT, NORTH CANAL, INVOLVED TAKING OWNERSHIP OF THE FAILING 267-UNIT HUD-OWNED COMPLEX IN 1989. IT WAS THE FIRST COMMUNITY TAKEOVER OF AN EXPIRING USE HUD PROPERTY IN THE UNITED STATES AND WOULD OTHERWISE HAVE DISPLACED THE LOW-INCOME TENANTS RESIDING THERE. NORTH CANAL IS NOW SLATED FOR EXTENSIVE RENOVATION AND EXPANSION OVER THE NEXT DECADE. CBA OPERATES THE ACRE'S ONLY FOOD PANTRY, SERVING AN AVERAGE OF 500 ACRE HOUSEHOLDS EACH MONTH, PROVIDING CULTURALLY APPROPRIATE FOOD AND SPICES IN A GROCERY STORE ENVIRONMENT. THE PANTRY MADE OVER 699 HOME DELIVERIES TO THE ELDERLY AND DISABLED IN THE FIRST HALF OF 2025 ALONE. CBA ALSO PROVIDES COMPLETE THANKSGIVING TURKEY DINNERS TO ACRE RESIDENTS, WITH PLANS TO DISTRIBUTE 350 EACH NOVEMBER. CBA'S YES! PROGRAM PROVIDES 80 YOUTHS AGES 5 TO 13 PARTICIPATE IN OUR FREE YES! (YOUTH EDUCATIONAL SUCCESS) PROGRAM, ENJOYING YEAR-ROUND EXPOSURE TO ENRICHMENT AND LEARNING ACTIVITIES. AFTER SCHOOL, KIDS RECEIVE HOMEWORK AND ACADEMIC SUPPORT, CAREER EXPLORATION, AND TIME TO ENJOY THE OUTDOORS. EACH DAY ENDS WITH A HEALTHY MEAL COOKED IN THE CBA KITCHEN. DURING SCHOOL VACATIONS AND SUMMER BREAK, YOUTH ENJOY FIELD TRIPS TO MUSEUMS, PARKS, AND HISTORIC SITES, HELPING TO CLOSE THE EXPERIENCE GAP BETWEEN LOW-INCOME YOUTHS AND THEIR HIGHER-INCOME PEERS. WE CREATED YES! AT THE REQUEST OF WORKING PARENTS LIVING IN CBA HOUSING WHO LACKED ACCESS TO AFFORDABLE AFTER-SCHOOL CARE WITHIN WALKING DISTANCE OF HOME. PARENTS REPORT FEELING CONFIDENT THEIR CHILDREN ARE RECEIVING RESOURCES DEMONSTRATING THE MANY PATHWAYS TO A BRIGHT AND SUCCESSFUL FUTURE WHILE THE PARENTS ARE AT WORK. CBA HOSTS EVENTS THAT FOSTER NEIGHBORHOOD ENGAGEMENT, INCLUDING ACRE FESTIVAL AND RESOURCE FAIR, WHERE 50 ORGANIZATIONS HELP LINK FAMILIES TO RESOURCES AVAILABLE THROUGHOUT LOWELL; ACRE CLEAN-UP, WHERE UP TO 30 TEAMS WORK SIDE BY SIDE TO BEAUTIFY AND CELEBRATE THE COMMUNITY; NATIONAL NIGHT OUT, IN COLLABORATION WITH THE LOWELL HOUSING AUTHORITY, THE BIKE CONNECTOR, AND FIRST RESPONDERS. AND CBA'S ANNUAL MEETING EACH OCTOBER IS PLANNED ENTIRELY BY MEMBERS, WHO DECIDE ON THE THEME, DECOR, FOOD, AND ENTERTAINMENT. CBA PROMOTES VOTER PARTICIPATION IN RESPONSE TO CONCERNS THAT VOTER TURNOUT IN THE ACRE IS CONSISTENTLY THE LOWEST AMONG LOWELL'S DISTRICTS, CBA HAS REDOUBLED ITS EFFORTS TO EDUCATE AND EXPLAIN, INFORM, AND ENCOURAGE RESIDENTS TO VOTE. THIS INCLUDES DOOR KNOCKING, TABLING AT COMMUNITY EVENTS, AND OUR EVER-POPULAR CANDIDATING EVENT, MODELED AFTER SPEED DATING, WHERE CANDIDATES MOVE FROM TABLE TO TABLE WITH FIVE MINUTES TO FIELD QUESTIONS, EXPLAIN THEIR PLATFORMS, AND ENCOURAGE PARTICIPANTS TO VOTE. CBA OFFERS FREE BASIC ENGLISH INSTRUCTION DURING THE DAY AND IS PLANS TO AN EVENING OPTION IN 2026. ESOL REDUCES ISOLATION AND PROVIDES BASIC ENGLISH PROFICIENCY TO LOOK FOR JOBS, NAVIGATE PUBLIC TRANSPORTATION, AND TALK TO CHILDREN'S TEACHERS. IT ALSO PROVIDES THE SKILLS NEEDED FOR STUDENTS TO GO ON TO MORE INTENSIVE ESOL INSTRUCTION, BUT WHICH HAVE LONG WAITING LISTS. 2184653 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 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 1 1 0 0 0 1 23 0 1 35 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X RYAN FARIA 9784527523 517 MOODY STREET LOWELL MA 01854 PAUL GAUDET MEMBER 1.00 X 0 0 0 SIXTO DEJESUS CHAIR 1.00 X 0 0 0 PATRICIA COFFEY 5TH EXECUTIVE MEMBER 1.00 X 0 0 0 RICHARD CHAVEZ TREASURER 1.00 X 0 0 0 AMADA GREGORY MEMBER 1.00 X 0 0 0 CARLOS GONZALEZ MEMBER 1.00 X 0 0 0 SIBORAK ERIC PONN MEMBER 1.00 X 0 0 0 MARY WAMBUI MEMBER 1.00 X 0 0 0 DEB MOTEW MEMBER 1.00 X 0 0 0 LAURA TAVARES MEMBER 1.00 X 0 0 0 CARMEN BERMUDEZ MEMBER 1.00 X 0 0 0 JESSICA WILSON MEMBER 1.00 X 0 0 0 SIDNEY LIANG MEMBER 1.00 X 0 0 0 ZELMA LYONS-KHADAR VICE CHAIR 1.00 X 0 0 0 LESLIE BRIONES MEMBER 1.00 X 0 0 0 BRANDY DAILY MEMBER 1.00 X 0 0 0 THAO LAN CLERK 1.00 X 0 0 0 ELKIN MONTOYA MEMBER 1.00 X 0 0 0 MICHELE WITTS CHIEF FINANCIAL OFFICER 40.00 X 116463 0 22092 YUN JU CHOI CHIEF EXECUTIVE DIRECTOR - RETIRED 2024 40.00 X 107354 0 8915 DAN RIVERA CHIEF EXECUTIVE OFFICER 40.00 X 90064 0 4336 CLARE GUNTHER KEY EMPLOYEE 40.00 X 123154 0 4585 437035 0 39928 3 0 0 0 0 2513603 2513603 TENANT RENTS (MSLP) 531110 588911 588911 STATE TAX CREDIT PROCEEDS 531110 324000 324000 GROUND LEASE INCOME 531110 291754 291754 ASSET MANAGEMENT 531110 28000 28000 1232665 1804021 196405 1607616 220793 220793 220793 5771082 1649863 0 1607616 373506 199885 116464 57157 1378174 522906 855268 437075 88079 348996 67394 67394 140994 92052 48942 95542 14340 81202 190964 52004 138960 10290 59 10231 483882 385436 98446 275153 275153 40215 26284 13931 CONTRACTED FEES 239271 187086 52185 PROGRAM EXPENSES 217769 68142 149627 MISCELLANEOUS 182954 182954 UTILITIES 132947 102235 30712 126739 103598 23141 4392869 2184653 2151059 57157 585745 406568 1257047 1091528 16254 85251 22587819 25884111 56015 36890 12181386 3658912 8752585 8522474 2666799 2748475 1663636 1795751 37585900 40571048 379917 460764 10947452 11514529 957693 1889576 487380 514508 12772442 14379377 X 24813458 26191671 24813458 26191671 37585900 40571048 1378213 0 X X 0 1 X 1 0 X 1503690 1314515 1884130 1816781 2096406 8615522 1503690 1314515 1884130 1816781 2096406 8615522 8615522 931367 1355475 716944 1236289 1157665 5397740 729835 591883 650991 571321 1287093 3831123 17844385 0.48280 0.49190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 188838 34002 -1211 222769 158592 31063 -817 188838 204314 42261 -3461 158592 189699 18740 -4125 204314 158263 34963 -3527 189699 0 0 1957194 1957194 9850857 3658912 6191945 373335 373335 8522474 INVESTMENT IN UNWRAPPED INC. 1245129 F INVESTMENT IN ENTITIES 1503346 F 2748475 DUE TO RELATED PARTIES 76861 DEVELOPMENT FEE PAYABLE 437647 514508 X 5771082 0 5771082 0 5771082 4392869 0 4392869 0 4392869 PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE CORPORATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C) (3) STATUS BY THE INTERNAL REVENUE SERVICE THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. THE COMPANY HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE COMPANY ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT THOROUGHLY REVIEWS THE FORM 990 BEFORE PROVIDING A COPY TO THE GOVERNING BODY AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY REVIEWS THE POLICY ANNUALLY AT A BOARD MEETING WHERE BOARD MEMBERS SIGN AN AFFIDAVIT STATING THAT THEY WILL ADHERE TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW OF COMPENSATION FOR EXECUTIVE DIRECTORS OF COMPARABLY SIZED COMMUNITY DEVELOPMENT CORPORATIONS WAS PERFORMED BY THE BOARD IN CONJUCTION WITH THE HIRING OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR PERIODICALLY REVIEWS SUCH DATA FOR KEY MANAGEMENT STAFF TO ENSURE SALARIES ARE IN LINE WITH COMPARABLE ORGANIZATIONS BY SIZE, GEOGRAPHY AND MISSION FOCUS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XII, LINE 2C THE COMPANY ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. 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