2025-09-19T09:51:47-05:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 042666507 FENWAY COMMUNITY DEVELOPMENT CORPORATION FENW 6172674637 70 BURBANK STREET BOSTON MA 02115 STEVEN FARRELL EXECUTIVE DIRECTOR 6172674637 2025-09-16 1 1 SORIE KABA CPA P01317106 5083669100 2025-09-16 2024 2025-03-06 01:10:19Z STEVEN FARRELL 70 BURBANK STREET BOSTON MA 02115 11363995 0 X WWW.FENWAYCDC.ORG X 1973 MA FENWAY CDC IMPROVED THE ECONOMIC AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS. WE HELPED THEM ACCESS AFFORDABLE HOUSING, SOCIAL SERVICES, EDUCATION, JOB SKILLS TRAINING, EMPLOYMENT, FINANCIAL COACHING, FRESH HEALTHY FOOD, HEALTH & WELLNESS PROGRAMS, AND COMMUNITY EVENTS. FENWAY CDC CONTINUED TO PROVIDE CRITICAL SERVICES TO HELP COMMUNITY RESIDENTS BUILD STRONGER PATHWAYS TO ECONOMIC SECURITY. THROUGH CIVIC ENGAGEMENT AND PARTNERSHIPS, WE CONTINUED TO PRESERVE AND CREATE AFFORDABLE HOUSING, PREVENT EVICTION AND HOMELESSNESS, AND ADVOCATE FOR IMPROVEMENTS IN THE CITY'S HOUSING POLICY TO ENSURE AFFORDABILITY CITYWIDE. 13 13 20 56 0 0 1669043 2049689 5526894 6836305 343137 855624 36091 50637 7575165 9792255 200204 21417 0 0 1609533 2094473 0 0 400351 6219471 5110724 8029208 7226614 -454043 2565641 72353971 67251784 61241784 52575136 11112187 14676648 X FENWAY CDC WORKS TO PRESERVE THE FENWAY AS A VIBRANT AND DIVERSE NEIGHBORHOOD BY DEVELOPING AFFORDABLE HOUSING, PROVIDING PROGRAMS THAT ENRICH LIVES, AND STRENGTHENING COMMUNITY VOICES. 0 0 4457651 4940379 RENTAL PROPERTIES - IN 2024, OUR WHOLLY-OWNED RENTAL PROPERTIES INCLUDED: 15-25 HEMENWAY STREET HOUSING WHICH IS A 24-UNIT MIXED INCOME HOUSING PROPERTY ; FENWAY APARTMENTS, LLC WHICH COMPRISES 22 UNITS OF AFFORDABLE HOUSING AT 108 PETERBOROUGH STREET.; NEW FENWAY WESTLAND, LLC WHICH IS A 96 UNIT MIXED-INCOME HOUSING DEVELOPMENT; AND 43 HEMENWAY DEVELOPER LLC WHICH IS A 6-UNIT RENTAL PROPERTY. ADDITIONALLY, THROUGH OUR HOUSING DEVELOPMENT AND ASSET MANAGEMENT PROGRAMS, FENWAY CDC CONTROLS FOUR OTHER AFFORDABLE HOUSING PROPERTIES. FENWAY CDC ALSO PURSUED OPPORTUNITIES TO PRESERVE EXISTING AND BUILD NEW AFFORDABLE HOUSING AS DESCRIBED IN SCHEDULE O UNDER OTHER PROGRAM SERVICES. 476808 RESIDENT SERVICES AND WORKFORCE DEVELOPMENT - FOR THREE DECADES, FENWAY CDC HAS OFFERED COUNSELING, CASE MANAGEMENT, WORKSHOPS, AND SOCIAL SUPPORT SERVICES TO HELP LOW- AND MODERATE-INCOME RESIDENTS OF FENWAY AND OTHER BOSTON NEIGHBORHOODS. DURING 2024, OUR PROGRAMS PROVIDED UNEMPLOYED AND LOW-INCOME RESIDENTS RESOURCES AND SUPPORT TO GAIN FINANCIAL SELF-SUFFICIENCY. WE HELPED THEM OBTAIN EDUCATION AND CAREER CREDENTIALS, SKILLS TRAINING, EMPLOYMENT, EDUCATION ADVANCEMENT PROGRAMS, AND ADVANCE THEIR CAREERS. OUR FINANCIAL EDUCATION HELPED VULNERABLE RESIDENTS TO OVERCOME BARRIERS AND INSTILLED POSITIVE BEHAVIORS TO BUILD FINANCIAL STABILITY. OUR HEALTH & WELLNESS PROGRAMS, AS WELL AS COMMUNITY EVENTS IMPROVED THE QUALITY OF LIFE FOR RESIDENTS. 891156 1994383 AFFORDABLE HOUSING PRESERVATION AND DEVELOPMENT IN 2024, FENWAY CDC PROVIDED OVER 750 RESIDENTS WITH SAFE AND AFFORDABLE HOMES. WE PURCHASED A PARCEL ON QUEENSBERRY STREET TO DEVELOP INTO 24 UNITS OF AFFORDABLE HOUSING. WE COMPLETED CONSTRUCTION ON BURBANK TERRACE, LLC, A 27-UNIT AFFORDABLE HOUSING PROPERTY IN 2024. WE PREPARED 43 HEMENWAY STREET FOR CONVERSION TO 6 AFFORDABLE HOMEOWNERSHIP UNITS. FENWAY CDC AND ANOTHER NON-PROFIT JOINTLY PREPARED AN EXISTING PROPERTY AT 20 CHARLESGATE WEST (THE GUILD HOUSE) IN THE FENWAY FOR REDEVELOPMENT INTO 86-UNITS OF AFFORDABLE RENTAL HOUSING. WE PURSUED OPPORTUNITIES TO BUILD AND PRESERVE NEW AFFORDABLE HOUSING. FENWAY CDC COLLABORATED WITH DEVELOPERS AND INSTITUTIONS TO FORGE PARTNERSHIPS TO CREATE FUTURE HOUSING TO MEET THE NEEDS OF LOW- AND MODERATE-INCOME FAMILIES & INDIVIDUALS. 198455 ASSET MANAGEMENT FENWAY CDC PROVIDED OVERSIGHT OF 576 MIXED-INCOME APARTMENTS AND ENSURED THAT OUR PROPERTIES ARE PHYSICALLY AND FINANCIALLY SUSTAINABLE. WE CONTINUED TO MONITOR THE PROPERTY FINANCES AND WORKED CLOSELY WITH PROPERTY MANAGEMENT AND ACROSS FENWAY CDC DEPARTMENTS TO SUPPORT OUR RESIDENTS 439644 21417 COMMUNITY PLANNING & ORGANIZING IN 2024, FENWAY CDC WORKED WITH RESIDENTS, NON-PROFITS, AND CITY OFFICIALS TO RECOMMEND IMPROVEMENTS IN THE CITY AND STATE'S AFFORDABLE HOUSING POLICIES TO PREVENT DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. OUR EFFORTS ADDRESSED THE CHALLENGES OF HIGH PROPERTY ACQUISITION COSTS AND THE NEED FOR MORE AFFORDABLE HOUSING TO MEET THE NEEDS OF LOW- AND MODERATE-INCOME RESIDENTS. RESIDENT LEADERS LEARNED TO EFFECTIVELY COMMUNICATE WITH CITY AND STATE OFFICIALS ABOUT AFFORDABLE HOUSING POLICIES AND PROGRAMS. THEY ALSO MONITORED THE DEVELOPMENTS OF PRIVATE DEVELOPERS, HOSPITALS, AND UNIVERSITIES AND SHARED COMMENTS AT COMMUNITY MEETINGS TO MITIGATE ANY NEGATIVE DEVELOPMENT IMPACT ON THE RESIDENTIAL AREA. FENWAY CDC ALSO EDUCATED AT-RISK RESIDENTS ABOUT HOMELESSNESS PREVENTION, TENANTS RIGHTS, AND SUPPORTED COMMUNITY EFFORTS TO ENSURE EQUITABLE ACCESS TO PUBLIC TRANSPORTATION. 638099 21417 6463714 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 51 0 1 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X STEVEN FARRELL EXECUTIVE DIRECTOR 6172674637 70 BURBANK STREET BOSTON MA 02115 NIKKI FLIONIS PRESIDENT/BOARD MEMBER (UNTIL 4/24) 0.50 0.20 X X 0 0 0 SARAH JENNESS VP(TIL 4/24)/PRES/BOARD MEMBER 2.00 0.20 X X 0 0 0 DOLORES BOOGDANIAN VP (AS OF 5/24)/ BOARD MEMBER 1.00 X X 0 0 0 TIMOTHY COAKLEY TREASURER/BOARD MEMBER 2.00 0.40 X X 0 0 0 JAMES SMITH CLERK ( AS OF 5/24)/ BOARD MEMBER 1.00 X X 0 0 0 SHENEAL PARKER CLERK/BOARD MEMBER (UNTIL 4/24) 0.25 X X 0 0 0 ROSARIA SALERNO BOARD MEMBER 1.00 X 0 0 0 AMELIA HILL BOARD MEMBER 1.00 X 0 0 0 ERIC DANIEL BOARD MEMBER (AS OF 4/24) 1.00 X 0 0 0 ROBERT PARKER-MASON BOARD MEMBER (AS OF 4/24) 1.00 X 0 0 0 MARY ELIZABETH PETERS BOARD MEMBER (AS OF 4/24) 1.00 X 0 0 0 MARTIN WARD BOARD MEMBER (AS OF 4/24) 1.00 X 0 0 0 MARK WINKELLER BOARD MEMBER (AS OF 6/24) 1.00 X 0 0 0 CATHY VAN BUI BOARD MEMBER (AS OF 4/24) 1.00 X 0 0 0 TADESSE ZERIHUN BOARD MEMBER (AS OF 4/24) 1.00 X 0 0 0 GREGORY PAULSON HAIG BOARD MEMBER (UNTIL 4/24) 0.50 0.20 X 0 0 0 MATTHEW WILDMAN BOARD MEMBER (UNTIL 4/24) 1.00 X 0 0 0 RYAN BOXILL BOARD MEMBER (UNTIL 12/24) 1.00 X 0 0 0 BRIAN CLAGUE BOARD MEMBER (UNTIL 12/24) 1.00 X 0 0 0 NILDA HUGHES BOARD MEMBER (UNTIL 4/2024) 0.00 X 0 0 0 STEVEN FARRELL EXECUTIVE DIRECTOR (AS OF 3/24) 39.80 0.20 X 138877 0 19498 LEAH CAMHI EXECUTIVE DIRECTOR (UNTIL 4/24) 40.00 X 95566 0 5060 SUNEETH JOHN DEPUTY DIR. & HEAD OF REAL ESTATE 39.60 0.40 X 213949 0 9462 LIAN KIM TAN-HARD DIRECTOR OF DEVT. & MKTG. 40.00 X 104884 0 14920 553276 0 48940 3 0 1 0 HAYCON BUILDING LLC 35 BATCHELDER STREET ROXBURY MA 02119 CONSTRUCTION OF AFFORDABLE HOUSING 1967577 PEABODY PROPERTIES 536 GRANITE STREET BRAINTREE MA 02184 PROPERTY MANAGEMENT 856095 EMBARC INC 580 HARRISON AVE SUITE 2W BOSTON MA 02118 ARCHITECT 142428 AAFPCAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 AUDIT AND TAX SERVICES 131600 4 100000 270816 80193 1598680 2105 2049689 RENTAL INCOME 532000 4940379 4940379 GROUND LEASE INCOME 900099 1070627 1070627 INTEREST INCOME ON LOANS TO RELAT 900099 434481 434481 FEES AND PROJECT REIMBURSEMENTS 561499 226844 226844 MANAGEMENT FEES 561499 163974 163974 6836305 670955 670955 1670009 1485340 184669 184669 184669 38580 270816 86400 -47820 -47820 OTHER INCOME 900099 98457 98457 98457 9792255 6934762 0 807804 X 21417 21417 260001 221001 26001 12999 1503154 1154726 75662 272766 56379 42991 2811 10577 155284 111081 10809 33394 119655 89778 8926 20951 209800 209800 52461 50735 1726 148477 62531 85946 763101 616738 132669 13694 5659 4267 854 538 98671 87050 4437 7184 3025520 3017788 574 7158 753699 751840 433 1426 BAD DEBT 152325 152325 MISCELLANEOUS 96528 87989 6229 2310 EVENTS 20055 5002 15053 TRAINING 9879 7108 470 2301 -225451 -225451 7226614 6463714 362549 400351 2209180 1600090 12713747 13651727 673387 1411829 144527 212391 54872536 12970596 49043471 41901940 972752 1027006 6596907 7446801 72353971 67251784 1508272 699653 48218670 40500483 11514842 11375000 61241784 52575136 X 11070908 13238971 41279 1437677 11112187 14676648 72353971 67251784 X 2565641 812919 185901 X X 0 1 X 1 0 X 1272111 1355312 1092800 1669043 2049689 7438955 1272111 1355312 1092800 1669043 2049689 7438955 249448 7189507 17948 4406 46362 330585 670955 1070256 8509211 22283849 0.84490 0.92470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113 1753 1866 7224748 7226614 511331 127833 0 0 262882 442864 551460 511331 1768537 2652806 1247 1554 1582 1866 6249 65721 110716 137865 127833 442135 663203 235 270 104 113 722 17205662 17205662 30728442 12721930 18006512 393972 248666 145306 6544460 6544460 41901940 DUE FROM RELATED PARTIES 1443485 RESTRICTED DEPOSITS 6003316 7446801 CONDITIONAL GRANT ADVANCE 11375000 11375000 X PART X, LINE 2: FCDC 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. FCDC 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, FCDC'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. SCHEDULE D, PART VI, LINE 1E: THIS LINE CONSISTS OF CONSTRUCTION IN PROCESS NOT PLACED IN SERVICE YET AS OF DECEMBER 31, 2024. FENWAY BALL 210176 183726 26450 24047 23453 5505 TASTE OF FENWAY 99220 87090 12130 33395 309396 270816 38580 24047 23453 38900 86400 -47820 1 THE FENWAY COMMUNITY CENTER AT VIRIDIAN INC 1282 BOYLSTON ST 123 BOSTON MA 02215 475582148 501(C)(3) 14750 0 AS PART OF "WE'RE HERE FOR YOU: FENWAY/KENMORE COMMUNITY COLLECTIVE" PROVIDING LOW-TO-MODERATE INCOME RESIDENTS WITH: 1) COMMUNITY HEALTH NAVIGATION SERVICES TO INCREASE HEALTHCARE ACCESS; 2) FINANCIAL COACHING, REFERRAL SERVICES, COUNSELING, AND CASE MANAGEMENT TO ACHIEVE GREATER ECONOMIC SECURITY; AND 3) LEADERSHIP DEVELOPMENT PROGRAM AND OPPORTUNITIES (TRAIN, MENTOR, EMPOWER, AND ENGAGE) VIA FENWAY CARES TO EXPAND COMMUNITY LEADERSHIP FOR FOOD ACCESS PROGRAM DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. 1 PART I, LINE 2: FENWAY COMMUNITY DEVELOPMENT CORPORATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS. X X X 0 0 0 0 0 0 0 1 0 SUNEETH JOHN DEPUTY DIR. & HEAD OF REAL ESTATE 203774 0 10175 0 0 0 7909 0 1553 0 223411 0 0 0 STEVEN FARRELL EXECUTIVE DIRECTOR (AS OF 3/24) 138877 0 0 0 0 0 6976 0 12522 0 158375 0 0 0 PART I, LINE 7 BONUSES REFLECTED IN PART II OF SCHEDULE J ARE DISCRETIONARY. BONUSES AWARDED TO STAFF MEMBERS ARE APPROVED BY THE EXECUTIVE DIRECTOR. BONUSES AWARDED TO THE EXECUTIVE DIRECTOR ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 FCDC DELEGATED CONTROL OVER MANAGEMENT DUTIES TO PEABODY PROPERTIES TO HANDLE PROPERTY MANAGEMENT FOR THE 15-25 HEMENWAY PROPERTY, NEW FENWAY WESTLAND LLC, AND FENWAY APARTMENTS LLC. PROPERTY MANAGEMENT OF FENWAY NS ACQUISITION LLC IS HANDLED BY FEDERAL MANAGEMENT CO., INC. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE UPDATED IN APRIL 2024. BELOW IS A SUMMARY OF THE CHANGES: ARTICLE 1, SECTION 3 - REMOVED "RELIEVING BLIGHT AND DETERIORATION OF RESIDENTIAL NEIGHBORHOODS" FROM THE PURPOSES. ADDED THE WORD ORGANIZATIONS" AMONG ENTITIES THAT THE FCDC CAN ENGAGE WITH. ARTICLE 2, SECTION 1 - RAISED THE MEMBERSHIP NUMBER TO 5,000. ARTICLE 2, SECTION 2 - CLARIFIED "VOTING ELIGIBLE MEMBERS AND ADDED A CONSECUTIVE 12-MONTH RESIDENCY REQUIREMENT IN THE SERVICE AREA. ARTICLE 2, SECTION 3 - CLARIFIED THAT PERMISSIVE MEMBERSHIP HAS NO VOTING RIGHTS. ELIMINATED ARTICLE III - SPONSORS, BENEFICIARIES, CONTRIBUTORS, ADVISORS AND FRIENDS. OLD ARTICLE IV BECOMES NEW ARTICLE III - ALL NUMBERING ADJUSTED GOING FORWARD. ARTICLE 4, SECTION 1 - ADDED: "ANY INITIATIVE, ACTIONS, OR POSITIONS THAT ARE IN EXCESS OF THE APPROVED BUDGET MUST BE APPROVED BY THE BOARD." ARTICLE 4, SECTION 2 - CLARIFIES THAT ELECTED DIRECTORS MUST LIVE IN SERVICE AREA OR A FCDC OWNED OR CONTROLLED BUILDING AND BE VOTING ELIGIBLE. SUBSECTION A. STATES 20% OF BOARD MUST LIVE ON EACH SIDE OF THE MUDDY RIVER. SUBSECTION B. CLARIFIES THAT 1/3 OF THE BOARD MUST BE LOW-INCOME PERSONS LIVING IN SERVICE AREA. SUBSECTION C .STATES THAT 20% OF THE BOARD MUST LIVE IN FCDC-OWNED OR -CONTROLLED BUILDINGS. SUBSECTION D. CLARIFIES THAT NOT MORE THAN 15% OF BOARD DIRECTORS MAY LIVE IN FCDC OWNED OR -CONTROLLED BUILDINGS OUTSIDE THE SERVICE AREA. SUBSECTION E. STATES THAT NOT MORE THAN 10% OF BOARD CAN BE PUBLIC OR ELECTED OFFICIALS. ARTICLE 4, SECTION 3 - CLARIFIES WHEN AND WHERE BOARD DIRECTORS HOLD MEETINGS ARTICLE 4, SECTION 5 - ALLOW FOR PROXY VOTES FOR DIRECTORS. ARTICLE 4, SECTION 7 - CLARIFIES HOW COMMITTEE CHAIRS AND MEMBERS ARE CHOSEN AND REPORTED TO BOARD. ARTICLE 4, SECTION 8 - CLARITIES THAT NO MORE THAN 2 APPOINTED DIRECTORS MAY SIT ON THE EXECUTIVE COMMITTEE (EC) SIMULTANEOUSLY. THE BULK OF THE EC SHOULD ALWAYS BE ELECTED DIRECTORS. ALSO, CLARIFIES THAT IN CASE OF AN EMERGENCY THAT DOES NOT ADMIT OF DELAY, THE EC MAY CALL AN EMERGENCY BOARD MEETING WITH 24 HOURS NOTICE. ARTICLE 4, SECTION 11 - ALLOWS VIRTUAL OR TELEPHONIC BOARD MEETINGS AND SPELLS OUT REQUIREMENTS. ARTICLE 4, SECTION 12 - ALLOWS A DIRECTOR TO GIVE AN ORAL WAIVER OF NOTICE FOR A BOARD MEETING. ARTICLE 4, SECTION 13 - PROVIDES FOR INDEMNIFICATION OF DIRECTORS IN THE EVENT OF A LAWSUIT RELATED TO THEIR DUTIES AS, OR PARTICIPATION AS, DIRECTORS OR OFFICERS OF THE CORPORATION. ARTICLE 5, SECTIONS 1-3 - CLARIFIES AND SIMPLIFIES NOMINATION AND ELECTION PROCEDURES FOR BOARD DIRECTORS. ARTICLE 5, SECTION 4 - ALLOWS FOR AND CLARIFIES MEMBER PROXIES FOR MEMBER MEETINGS. ARTICLE 6, SECTIONS 1-3 - ENUMERATES AND DEFINES THE POWERS AND DUTIES OF THE OFFICERS (PRESIDENT, VICE PRESIDENT, TREASURER, CLERK) OF THE BOARD. ARTICLE 7, SECTIONS 1-4 - DESCRIBES THE PROCESSES FOR RESIGNATIONS, REMOVALS AND FILLING VACANCIES FOR MEMBERS, DIRECTORS OR OFFICERS. ARTICLE 8, SECTION 1 - CLARIFIES RESPONSIBILITIES FOR RECEIPT AND DISBURSEMENT OF FUNDS. ARTICLE 8, SECTION 2 - CLARIFIES WHO ON THE BOARD MAY SIGN DEEDS, AGREEMENTS AND OTHER FORMAL INSTRUMENTS. ARTICLE 8, SECTION 3 - CREATES THE CONFLICT OF INTEREST STATEMENT FOR FCDC INCLUDING THAT DIRECTORS WITH A CONFLICT MAY JOIN IN DISCUSSION OF AN ISSUES BUT NOT VOTE, UNLESS THE BOARD DEEMS THAT THE CONFLICT IS MATERIAL ENOUGH THAT THE DIRECTOR SHOULD NOT PARTICIPATE IN DISCUSSION. ALSO CLARIFIES THAT SINCE THE BYLAWS REQUIRE A PERCENTAGE OF RESIDENTS OF CORPORATION-CONTROLLED PROPERTIES TO BE ON THE BOARD, LIVING IN A FCDC-OWNED OR -CONTROLLED BUILDING DOES NOT, BY ITSELF, CREATE A CONFLICT OF INTEREST. ARTICLE 9 - ALLOWS THE FCDC TO DEVELOP PROPERTIES OUTSIDE OF THE SERVICE AREA ANYWHERE IN THE COMMONWEALTH OF MASSACHUSETTS. ARTICLE 10 - DEFINES HOW AMENDMENTS TO THESE BYLAWS CAN HAPPEN. APPENDIX A - DEFINES THE SERVICE AREA FOR THE FCDC, USING THE LATEST MAP SHOWING UPDATED WARDS AND PRECINCTS. APPENDIX B - WHICH HAS HISTORIC NOTES OF ALL BYLAW CHANGES. HAS BEEN ELIMINATED FROM THE BYLAWS AND WILL SIMPLY BE KEPT WITH THE RECORDS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 FENWAY CDC'S MEMBERS HAVE THE RIGHT TO ELECT BOARD MEMBERS AND VOTE FOR THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A FENWAY CDC HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO FENWAY CDC'S BYLAWS AND ELECTION OF ALL BOARD MEMBERS, EXCEPT THE BOARD APPOINTED SEATS, ARE SUBJECT TO THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE FINANCE COMMITTEE REVIEW AND RECOMMEND APPROVAL OF FORM 990 TO BOARD. BOARD IS PROVIDED COPY OF FORM 990 PRIOR TO FILING AND APPROVES FORM 990. FORM 990, PART VI, SECTION B, LINE 12C FCDC REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FCDC HAS A VERY GOOD IDEA WHAT AFFILIATIONS ITS BOARD AND STAFF HAS AND WOULD KNOW IF THEY WERE DOING BUSINESS WITH AN ORGANIZATION WITH WHICH A BOARD MEMBER OR STAFF MEMBER WAS ASSOCIATED WITH OR ACTING IN A WAY THAT PROFITED THEM. ADDITIONALLY, THE BOARD, FINANCE, AND HOUSING COMMITTEE MEMBERS READ AND SIGN OFF ON THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF FCDC'S EXECUTIVE DIRECTOR INCLUDED A REVIEW OF THE EXECUTIVE DIRECTOR'S PAST COMPENSATION, PERFORMANCE AND LOCAL INDUSTRY COMPARABLE COMPENSATION PRIOR TO APPROVAL BY THE BOARD OF DIRECTORS AND THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. KEY EMPLOYEE COMPENSATION IS REVIEWED AGAINST COMPARABLES BY THE EXECUTIVE DIRECTOR AND DOCUMENTED IN THE PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 FCDC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 3,843. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,843. CONTRACTED LABOR: PROGRAM SERVICE EXPENSES 612,895. MANAGEMENT AND GENERAL EXPENSES 132,669. FUNDRAISING EXPENSES 13,694. TOTAL EXPENSES 759,258. FORM 990, PART XI, LINE 9: RECOVERY OF AMOUNTS DUE FROM RELATED PARTIES 139,289. NET ASSET TRANSFER 46,612. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OVERSEES THE AUDIT PROCESS. THERE WERE NO CHANGES TO THE OVERSIGHT PROCESS DURING 2024. 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