2025-11-13T13:04:25-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC ONE POST OFFICE SQUARE SUITE 2950 BOSTON MA 02109 990 2024-01-01 042982308 LAWRENCE COMMUNITYWORKS INC LAWR 9786853115 168 NEWBURY STREET LAWRENCE MA 01841 SURESH SIVA CHIEF FINANCIAL OFFICER 9786853115 2025-11-12 1 1 LORI ROTHE YOKOBOSKY P01273422 6176481400 2025-11-09 2024 2025-03-06 01:10:19Z JESSICA ANDORS 168 NEWBURY STREET LAWRENCE MA 01841 8517291 0 X WWW.LAWRENCECOMMUNITYWORKS.ORG X 1986 MA LAWRENCE COMMUNITYWORKS (LCW) IS A COMMUNITY DEVELOPMENT CORPORATION THAT WEAVES TOGETHER COMMUNITY PLANNING, ORGANIZING, AND ASSET-BUILDING EFFORTS WITH HIGH-QUALITY AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT TO CREATE VIBRANT NEIGHBORHOODS AND EMPOWERED RESIDENTS. BY FACILITATING CONVERSATIONS AND ACTION ON COMMUNITY PRIORITIES, LCW ENGAGES PARTNERS AND A NETWORK OF YOUTH AND ADULT RESIDENTS IN OPPORTUNITIES TO MOVE THEMSELVES AND THIS CITY FORWARD. 15 15 69 15 0 0 6014230 6335916 1189548 1692002 7261 181435 44739 307938 7255778 8517291 93967 154500 0 0 3725967 3724950 0 0 224494 3246171 2141629 7066105 6021079 189673 2496212 81533391 52852953 56629141 32183519 24904250 20669434 X LAWRENCE COMMUNITYWORKS (LCW) IS A COMMUNITY DEVELOPMENT CORPORATION THAT WEAVES TOGETHER COMMUNITY PLANNING, ORGANIZING, AND ASSET-BUILDING EFFORTS WITH HIGH-QUALITY AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT TO CREATE VIBRANT NEIGHBORHOODS AND EMPOWERED RESIDENTS. BY FACILITATING CONVERSATIONS AND ACTION ON COMMUNITY PRIORITIES, LCW ENGAGES PARTNERS AND A NETWORK OF YOUTH AND ADULT RESIDENTS IN OPPORTUNITIES TO MOVE THEMSELVES AND THIS CITY FORWARD. 0 0 3288657 154500 1339928 THE PROPERTY RENTAL PROGRAM CONSISTS OF RENTAL ACTIVITIES RELATED TO 8 RESIDENTIAL PROPERTIES IN THE LAWRENCE AREA, THE MAJORITY OF WHICH ARE SUBJECT TO LONG-TERM AFFORDABLE HOUSING RESTRICTIONS. THE RESIDENTIAL PROPERTIES CONTAIN 230 UNITS IN TOTAL, ARE SUBJECTED TO AFFORDABILITY RESTRICTIONS, SOME OF WHICH ARE ATTACHED TO THE RELATED LAND, AND ARE RENTED TO FAMILIES OF LOW TO MODERATE INCOMES. THE PROPERTY RENTAL PROGRAM ALSO CONSISTS OF ONE COMMERCIAL PROPERTY IN LAWRENCE. ALL LEASES BETWEEN THE AGENCY AND ITS TENANTS ARE OPERATING LEASES. 462379 188391 ASSET BUILDING IS A UNIQUE ECONOMIC DEVELOPMENT STRATEGY TO PROMOTE THE EDUCATIONAL ADVANCEMENT AND BUILD THE SOCIAL CAPITAL OF LAWRENCE RESIDENTS. THE PROGRAM PROVIDES HOME-OWNERSHIP AND EDUCATIONAL PROGRAMS INCLUDING PRE- AND POST-PURCHASE HOMEBUYER EDUCATION, FORECLOSURE INTERVENTION, MATCHED SAVINGS FOR ASSET OWNERSHIP, FINANCIAL EDUCATION AND COACHING, ENGLISH AS A SECOND LANGUAGE CLASSES AND VARIOUS HARD AND SOFT SKILL WORKFORCE PREPARATION CLASSES AND ACTIVITIES. THE FINANCIAL STABILITY CENTER PROVIDES A BUNDLING OF FINANCIAL EDUCATION, ASSET-BUILDING, INCOME SUPPORT AND JOB READINESS PROGRAMS TO ENCOURAGE FAMILIES AS THEY STRIVE FOR ECONOMIC MOBILITY AND SECURITY. 338996 138120 THE WORK FORCE PROGRAM CONSISTS OF JOB READINESS AND JOB SPECIFIC TRAINING, COACHING, ESOL CLASSES, EMPLOYER RELATIONSHIP DEVELOPMENT, INTERNSHIPS, AND JOB PLACEMENT SERVICES, TO HELP RESIDENTS GAIN THE SKILLS FOR NEW OR BETTER EMPLOYMENT. 818526 333501 OTHER PROGRAM 818526 333501 4908558 1 1 0 1 0 0 0 0 1 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 79 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SURESH SIVA CFO 9787222601 168 NEWBURY STREET LAWRENCE MA 01841 ARLIN SANTIAGO BOARD MEMBER 2.00 1.00 X 0 0 0 ARMAND HYATT GENERAL COUNSEL 2.00 1.00 X X 0 0 0 ELIZABETH BAEZ ROBERTS BOARD MEMBER 2.00 1.00 X 0 0 0 EVA MOSCAT BOARD MEMBER 2.00 1.00 X 0 0 0 ISIS ORTIZ-BELTON BOARD MEMBER 2.00 1.00 X 0 0 0 JACOBA OLIVERO CLERK 2.00 1.00 X X 0 0 0 JONATHAN MACHADO ASSISTANT TREASURER 2.00 1.00 X X 0 0 0 JONATHAN MEDRANO BOARD MEMBER 2.00 1.00 X 0 0 0 MANDY GUEVARA BOARD MEMBER 2.00 1.00 X 0 0 0 MARIA FINA VICE PRESIDENT 2.00 1.00 X X 0 0 0 MARIEL SILVERIO ASSSISTANT CLERK 2.00 1.00 X X 0 0 0 NANCY COLON TORRES BOARD MEMBER 2.00 1.00 X 0 0 0 PATRICK GROTTON TREASURER 2.00 1.00 X X 0 0 0 ROSA PINA PRESIDENT 2.00 1.00 X X 0 0 0 SHIRLEY PIMENTEL BOARD MEMBER 2.00 1.00 X 0 0 0 JESSICA ANDORS EXECUTIVE DIRECTOR 40.00 1.00 X 123505 0 15152 SURESH SIVASITHAMPARAM CHIEF FINANCIAL OFFICER 40.00 1.00 X 111886 0 3307 235391 0 18459 2 0 0 0 EQUITY GROUP 800 THIRD AVENUE 36TH FLOOR NEW YORK NY 10022 INVESTMENT CONSULTANT 897448 MASS GENERAL BRIGHAM 500A MERRIMACK ST LAWRENCE MA 01843 CONSULTANT 248524 RESONANT ENERGY LLC 109 KINGSTON STREET BOSTON MA 02111 SOLAR ENERGY CONSULTANT 186741 ACCOUNTING & COMPUTER SERVICES PO BOX 371396 PITTSBURGH PA 15250 ACCOUNTING SERVICES 129600 SALEM CAPITAL CORP 482 LOWELL ST LYNNFIELD MA 01940 REAL ESTATE CONSULTANT 120216 8 170000 1703501 4462415 6335916 PROGRAM AND CONTRACT R 531110 876298 876298 LOW INCOME HOUSING REN 531110 766926 766926 MANAGEMENT FEE 531110 48778 48778 1692002 181435 181435 INSURANCE REBATES 900099 2328 2328 305610 305610 307938 8517291 1999940 0 181435 154500 154500 253850 183830 56562 13458 2885634 2089689 642964 152981 56472 40895 12583 2994 250172 181168 55742 13262 278822 201915 62125 14782 26748 26294 199 255 2673 2628 19 26 54141 53221 403 517 155440 154580 547 313 5003 4690 161 152 159156 149185 5147 4824 58471 54808 1891 1772 181043 178407 1555 1081 17771 16658 574 539 5382 5045 174 163 217296 214290 2096 910 527061 514280 6792 5989 83624 82406 718 500 REPAIRS & MAINTENANCE 159190 156872 1367 951 PROGRAM EXPENSES 110321 103409 3568 3344 DISASTER RELIEF EXPENSE 78746 77599 677 470 STAFFING 48930 45865 1582 1483 250633 216324 30581 3728 6021079 4908558 888027 224494 4785751 3071767 116030 29144 10011 9858 19636059 6681582 32860226 12954477 70200 3809107 43691173 32978600 81533391 52852953 5907715 768524 13157 924768 64969 38204 44577508 25648439 6065792 4803584 56629141 32183519 X 23993945 19998292 910305 671142 24904250 20669434 81533391 52852953 X 2496212 -6731028 X 0 1 X 1 1 1 X 3103874 3194131 2856184 6014230 6335916 21504335 3103874 3194131 2856184 6014230 6335916 21504335 21504335 55404 92634 118726 7264 181435 455463 23886 698566 220024 44739 307938 1295153 23254951 7870422 0.92470 0.89150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 23,886. 2021 AMOUNT: $ 698,566. 2022 AMOUNT: $ 155,024. 2023 AMOUNT: $ 2,750. 2024 AMOUNT: $ 305,610. DISASTER RELIEF - 2022 AMOUNT: $ 65,000. INSURANCE REIMBURSEMENT - 2023 AMOUNT: $ 22,376. 2024 AMOUNT: $ 2,328. LEGAL SETTLEMENT - 2023 AMOUNT: $ 19,613. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 290115 290115 5730964 6021079 451054 112764 0 0 347114 340299 445349 451054 1583816 2375724 348907 290115 639022 86779 85075 111337 112764 395955 593933 0 1 X 910379 910379 18725680 6681582 12044098 12954477 INVESTMENTS IN LIMITED PARTNERSHIPS 3809107 C 3809107 NOTE RECEIVABLE - RELATED PARTY 19922155 REAL ESTATE PROJECT DEVELOPMENT COSTS 12571692 TENANT SECURITY DEPOSITS 29085 RESTRICTED DEPOSITS 328001 DUE FROM AFFILIATES 27567 OTHER ASSET 100100 32978600 DUE TO AFFILIATES 4628225 DEVELOPMENT FEE PAYABLE 175359 4803584 X 13266805 4749514 4749514 8517291 0 8517291 13035323 7014244 7014244 6021079 0 6021079 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE. PART X, LINE 2: LCW QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND THEREFORE IS NOT SUBJECT TO INCOME TAX. LCW IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). CERTAIN UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. FOR THE YEAR ENDED DECEMBER 31, 2024, THERE WAS NO LIABILITY FOR TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 4,749,514. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 7,004,619. INTERCOMPANY ELIMINATIONS 9,625. 1 GROUNDWORK LAWRENCE INC 50 ISLAND STREET SUITE 101 LAWRENCE MA 01850 043546770 501(C)(3) 154500 0 SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE 1 0 PART I, LINE 2: LCW GRANTS AMOUNTS ONLY TO PARTNER ORGANIZATIONS FOR GRANTS AWARDED TO LCW FOR THE PURPOSES OF WORK BEING DONE BY A NUMBER OF PARTNERING ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 3 FIRST REALTY MANAGEMENT IS THE MANAGEMENT AGENT FOR VARIOUS PROPERTIES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP BASED ORGANIZATION. THE MEMBERS DO NOT HAVE ANY RIGHTS TO RECEIVE DISTRIBUTIONS OR TO PARTICIPATE IN GOVERNANCE OTHER THAN ELECTING THE BOARD OF DIRECTORS AND APPROVING BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS APPROVAL IS REQUIRED FOR ANY CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS REVIEWED BY SENIOR MANAGEMENT AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SIGN CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR-JESSICA ANDORS'S SALARY IS DETERMINED BY THE BOARD. THE CHIEF FINANCIAL OFFICER'S SALARY IS DETERMINED BY THE EXECUTIVE DIRECTOR AND THEIR ANALYSIS INCLUDES REVIEWING COMPARABLE SALARIES OF POSITION WITHIN THE CDC WORLD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DECONSOLIDATION OF ENTITY PREVIOUSLY TREATED AS DRES -6,731,028. ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) 168(H)(6)(F)(II) ELECTION NOT TO BE TREATED AS A TAX EXEMPT ENTITY ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY IP PHASE II MM LLC, LOCATED AT 168 NEWBURY STREET LAWRENCE, MA 01841, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) TO NOT BE TREATED AS A TAX- EXEMPT ENTITY FOR PURPOSES OF APPLYING THE RULES IN INTERNAL REVENUE CODE SECTION 168(H)(6). THIS ELECTION IS AVAILABLE TO BE MADE BY AN ENTITY THAT IS NOT TAX-EXEMPT, BUT WHICH IS CONTROLLED 50% OR MORE BY A TAX EXEMPT ENTITY. IP PHASE II MM LLC QUALIFIES TO MAKE SUCH ELECTION AS IT IS 79% OWNED BY LAWRENCE COMMUNITYWORKS INC., A QUALIFIED 501(C)(3) TAX EXEMPT CORPORATION. EIN # 04-2982308 THE PURPOSE OF THIS ELECTION IS TO TREAT THE ENTITY'S ALLOCABLE SHARE OF DEPRECIABLE PROPERTY OWNED BY IP PHASE II MM LLC AS PROPERTY WHICH IS NOT TAX-EXEMPT USE PROPERTY. COMMUNITY WORKS HOLD AND CONTROL LLC 168 NEWBURY STREET LAWRENCE MA 01841 042982308 TITLE HOLDING MA 0 0 LAWRENCE COMMUNITY WORKS INC EAST ISLAND COMMUNITYWORKS LLC 168 NEWBURY STREET LAWRENCE MA 01841 271845428 TITLE HOLDING MA 0 0 LAWRENCE COMMUNITY WORKS INC FARNHAM STREET LLC 168 NEWBURY STREET LAWRENCE MA 01841 205030935 RENTAL MA 143421 1613093 LAWRENCE COMMUNITY WORKS INC LCW NEWBURY STREET LLC 168 NEWBURY STREET LAWRENCE MA 01841 000973180 RENTAL MA 123855 1305089 LAWRENCE COMMUNITY WORKS INC NEIGHBORHOOD FUND 168 NEWBURY STREET LAWRENCE MA 01841 TITLE HOLDING MA 120000 2086998 LAWRENCE COMMUNITY WORKS INC REAL ESTATE FUND 168 NEWBURY STREET LAWRENCE MA 01841 TITLE HOLDING MA 111500 10312214 LAWRENCE COMMUNITY WORKS INC RIME TIME LLC 168 NEWBURY STREET LAWRENCE MA 01841 832147845 TITLE HOLDING MA 131357 9588958 LAWRENCE COMMUNITY WORKS INC SCARITO HOMES LLC (BRADFORD) 168 NEWBURY STREET LAWRENCE MA 01841 204597175 TITLE HOLDING MA 72478 137564 LAWRENCE COMMUNITY WORKS INC SUMMER ORCHARD LLC 168 NEWBURY STREET LAWRENCE MA 01841 TITLE HOLDING MA 147550 1987688 LAWRENCE COMMUNITY WORKS INC LCW SUPPORT CORPORATION 168 NEWBURY STREET LAWRENCE MA 01841 844610648 REAL PROPERTY HOLDING MA 501(C)(3) LINE 12C, III-FI LCW 1 IP PHASE II LLC 168 NEWBURY STREET LAWRENCE MA 01841 384233551 RENTAL MA N/A 0 0 EAST ISLAND RENTAL LLC 168 NEWBURY STREET LAWRENCE MA 01841 272509435 RENTAL MA N/A 0 0 LCW 108 NEWBURY LLC 168 NEWBURY STREET LAWRENCE MA 01841 221478099 RENTAL MA N/A 0 0 REVIVIENDO FAMILY HOUSING LLC 168 NEWBURY STREET LAWRENCE MA 01841 450502177 RENTAL REAL ESTATE MA LCW N/A -84489 1386247 0 1 1.00000 UNION CANAL COMMUNITY WORKSLLC 168 NEWBURY STREET LAWRENCE MA 01841 473990166 RENTAL MA N/A 0 0 BERKELEY PLACE CORPORATION 168 NEWBURY STREET LAWRENCE MA 01841 043280785 RESIDENTIAL RENTAL MA LCW C 600292 886783 1.00000 1 COMMUNITY WORKS REVIVIENDO HOUSING INC 168 NEWBURY STREET LAWRENCE MA 01841 450502175 CORPORATE GENERAL MA LCW C 1 7 0.79000 1 ISLAND PARKSIDE MM LLC 168 NEWBURY STREET LAWRENCE MA 01841 871386928 RENTAL MA LCW C 0.79000 1 EAST ISLAND RENTAL MM LLC 168 NEWBURY STREET LAWRENCE MA 01841 272670224 RENTAL MA LCW C 12 0.79000 1 LCW 108 NEWBURY MM LLC 168 NEWBURY STREET LAWRENCE MA 01841 462208825 RENTAL MA LCW C 1 10 0.79000 1 UNION CANAL COMMUNITY WORKS MM LLC 168 NEWBURY STREET LAWRENCE MA 01841 364813590 RENTAL MA LCW C 3 57 0.79000 1 IP PHASE II MM LLC 168 NEWBURY STREET LAWRENCE MA 01841 883689070 RENTAL MA LCW C 40 0.79000 1 0 0 0 1 1 1 0 0 0 0 1 1 0 0 1 0 1 0 1 LCW D 6131571 FMV