The Neighborhood Developers Inc

“The agency has agreements with winn management company (winn) to carry on the day-today operations of the real estate properties. Winn received management fees ranging from 4.16% to 5.64 of total residential collections, as defined in the agreements. The agreements can be terminated by either party with sixty days' written notice. The agency paid management fees to winn totaling $67,807 for the year ended december 31, 2022.”

“Changes to tnd's bylaws are made by the board of directors and subject to the approval of the members.”

“Tnd has members who may elect members of the governing body.”

“Management provides a draft of the tax return to the board of directors of the organization for review. All desired changes are communicated to the auditor and considered for compliance with relevant tax laws prior to being applied and the tax return being filed.”

“The conflict of interest policy is reviewed with the board each year and the board signs off. Any new contracts are reviewed with the conflict of interest in mind. If any potential conflict arises it is reported to the board for discussion and review. In order to avoid the review process, any potential contracts that may present this problem are typically not seriously considered.”

“Form 990 is available upon request at www.guidestar.org. Tnd's form 1023 is available upon request.”

“Governing documents and financial statements are available to the public upon request.”

“Management services: program service expenses 1,510,141. Management and general expenses 384,695. Fundraising expenses 169,732. Total expenses 2,064,568. Other professional fees: program service expenses 359,256. Management and general expenses 82,970. Fundraising expenses -10,604. Total expenses 431,622.”

“St.therese 9% mm llc (tax-exempt controlled entity) and it's majority owner, the neighborhood developers, inc. Hereby elect under section 168(h)(6)(f) that st.therese 9% mm llc will not be treated as a tax-exempt entity with respect to its interest in st.therese 9% llc. The names, addresses and i.d. #s of the involved parties are: 1.tax-exempt controlled entity: st.therese 9% mm llc 4 gerrish avenue chelsea, ma 02150 ein: 30-1233112 2. Tax-exempt owners of the tax-exempt controlled entity: the neighborhood developers, inc. 4 gerrish avenue chelsea, ma 02150 ein: 04-2660283 3.properties to which this election applies: st.therese 9% llc ein: 61-1962986 4 gerrish avenue chelsea, ma 02150”

“1005 broadway tnd llc (tax-exempt controlled entity) and it's majority owner, the neighborhood developers, inc. Hereby elect under section 168(h)(6)(f) that 1005 broadway tnd llc will not be treated as a tax-exempt entity with respect to its interest in 1005 broadway mm llc & 1005 broadway llc. The names, addresses and i.d. #s of the involved parties are: 1.tax-exempt controlled entity: 1005 broadway tnd llc 4 gerrish avenue chelsea, ma 02150 ein: 86-3113401 2. Tax-exempt owners of the tax-exempt controlled entity: the neighborhood developers, inc. 4 gerrish avenue chelsea, ma 02150 ein: 04-2660283 3.properties to which this election applies: 1005 broadway llc ein: 85-0867458 p.o. Box 216 hanover, ma 02339 1005 broadway mm llc ein: 84-2693711 p.o. Box 216 hanover, ma 02339”