Civic Intelligence

Hilltown Community Development Corporation

990 • Fiscal year 2024 • EIN 04-2741009

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

387 Main Road PO Box 17Chesterfield, MA 01012

(413) 296-4536

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$12,400,553

Down $1,200,658 (-8.8%) from 2023

Net Assets

Up

$4,692,779

Up $645,070 (+16%) from 2023

Liabilities

Down

$7,707,774

Down $1,845,728 (-19%) from 2023

Revenue And Expenses

Revenue

Down

$4,142,325

Down $2,304,125 (-36%) from 2023

Expenses

Up

$3,497,255

Up $189,679 (+5.7%) from 2023

Net Income

Down

$645,070

Down $2,493,804 (-79%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2011: $3,305,828Liabilities 2011: $3,212,418Net Assets 2011: $93,4102011Assets 2012: $3,440,660Liabilities 2012: $3,305,544Net Assets 2012: $135,1162012Assets 2013: $3,762,729Liabilities 2013: $3,671,144Net Assets 2013: $91,5852013Assets 2014: $3,750,039Liabilities 2014: $3,831,524Net Assets 2014: -$81,4852014Assets 2015: $5,573,184Liabilities 2015: $4,164,662Net Assets 2015: $1,408,5222015Assets 2016: $6,761,381Liabilities 2016: $5,558,685Net Assets 2016: $1,202,6962016Assets 2017: $7,405,279Liabilities 2017: $6,126,193Net Assets 2017: $1,279,0862017Assets 2018: $9,312,784Liabilities 2018: $7,897,391Net Assets 2018: $1,415,3932018Assets 2019: $9,222,760Liabilities 2019: $7,894,751Net Assets 2019: $1,328,0092019Assets 2020: $8,704,697Liabilities 2020: $7,597,878Net Assets 2020: $1,106,8192020Assets 2021: $9,443,003Liabilities 2021: $8,370,076Net Assets 2021: $1,072,9272021Assets 2022: $9,490,555Liabilities 2022: $8,581,720Net Assets 2022: $908,8352022Assets 2023: $13,601,211Liabilities 2023: $9,553,502Net Assets 2023: $4,047,7092023Assets 2024: $12,400,553Liabilities 2024: $7,707,774Net Assets 2024: $4,692,7792024Assets 2024: $12,821,231Liabilities 2024: $7,707,783Net Assets 2024: $5,113,4482024

Highlighted filing

2024

Assets$12,400,553
Liabilities$7,707,774
Net Assets$4,692,779

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,784,648Expenses 2011: $1,890,743Net Income 2011: -$106,0952011Revenue 2012: $2,394,250Expenses 2012: $2,352,544Net Income 2012: $41,7062012Revenue 2013: $1,914,050Expenses 2013: $1,971,684Net Income 2013: -$57,6342013Revenue 2014: $2,359,525Expenses 2014: $2,532,595Net Income 2014: -$173,0702014Revenue 2015: $4,527,358Expenses 2015: $3,037,351Net Income 2015: $1,490,0072015Revenue 2016: $2,784,470Expenses 2016: $3,030,389Net Income 2016: -$245,9192016Revenue 2017: $3,297,571Expenses 2017: $3,221,181Net Income 2017: $76,3902017Revenue 2018: $3,316,088Expenses 2018: $3,197,061Net Income 2018: $119,0272018Revenue 2019: $3,240,810Expenses 2019: $3,328,194Net Income 2019: -$87,3842019Revenue 2020: $2,155,515Expenses 2020: $2,376,705Net Income 2020: -$221,1902020Revenue 2021: $3,008,815Expenses 2021: $3,042,707Net Income 2021: -$33,8922021Revenue 2022: $2,763,079Expenses 2022: $2,927,171Net Income 2022: -$164,0922022Revenue 2023: $6,446,450Expenses 2023: $3,307,576Net Income 2023: $3,138,8742023Revenue 2024: $4,142,325Expenses 2024: $3,497,255Net Income 2024: $645,0702024Revenue 2024: $4,570,461Expenses 2024: $3,504,722Net Income 2024: $1,065,7392024

Highlighted filing

2024

Revenue$4,142,325
Expenses$3,497,255
Net Income$645,070
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$4,142,325
Mission and Program Overview

Mission

To improve the quality of life in the hilltowns by addressing the economic, housing, educational, social, and community needs while prserving the rural charatcer of the area.

Hilltown community development corporation's (hcdc) mission is to improve the qualify of life in the hilltowns by addressing the economic, housing, educational, social, and community needs while prserving the rural character of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,608,156$6,966,359▼ $641,797
Pledges and Grants Receivable$420,817$496,585▲ $75,768
Savings and Temporary Cash Investments$21,890$99,944▲ $78,054
Prepaid Expenses and Deferred Charges$100,495$49,720▼ $50,775
Cash and Non-Interest-Bearing Accounts$52,806$18,048▼ $34,758
Accounts Receivable$16,222$1,225▼ $14,997
Total Assets$13,601,211$12,400,553▼ $1,200,658
Other Assets Total$5,380,825$4,768,672▼ $612,153
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,134,470$7,252,357▼ $1,882,113
Accounts Payable and Accrued Expenses$419,032$455,417▲ $36,385
Total Liabilities$9,553,502$7,707,774▼ $1,845,728
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,722,509$3,576,065▼ $146,444
Net Assets With Donor Restrictions$325,200$1,116,714▲ $791,514
Total Net Assets Fund Balance$4,047,709$4,692,779▲ $645,070
Total Liabilities and Net Assets / Fund Balance$13,601,211$12,400,553▼ $1,200,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,535,679$2,963,305$9,498,984
Land$337,138-$337,138
Equipment$93,542$39,180$132,722
Other Assets Org$10,010--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dave ChristopolisExecutive DiFT$82,105$82,105
Saul AguilarDirector AdmFT$78,665$78,665

Board Members and Trustees

NameTitle
Liam GudePresident
Kristine ZdaniewiczDirector
Susan SlatteryDirector
Sylvia SnapeDirector
Sarah HamiltonClerk
Shelley MoreauTreasurer
Michele MorrisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,251,486
Program Service Revenue
$601,134
Investment Income
$1,212
Other Revenue
$288,493
All Other Contributions
$1,372,706
Change in Net Assets
$645,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,017,038
Salaries, Compensation, and Employee Benefits$1,480,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,067,368$85,616-$1,152,984
All Other Expenses$348,264$23,500-$371,764
Depreciation Depletion$260,555--$260,555
Occupancy$236,148--$236,148
Payroll Taxes$143,733$22,730-$166,463
Other Expenses$162,053--$162,053
Current Officers, Directors, Trustees, and Key Employees$138,765$22,005-$160,770
Fees for Services Other$135,625--$135,625
Office Expenses$55,813--$55,813
Interest$51,672--$51,672
Fees for Services Accounting$36,562--$36,562
Insurance$21,762$1,297-$23,059
Fees for Services Legal$14,163--$14,163
Advertising$12,657--$12,657
Fees for Services Management$4,150--$4,150
Total Functional Expenses$3,342,107$155,148$0$3,497,255
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to hcdc's board for review in advance of the filing deadline.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is detailed in hcdc's bylaws. Board members and officers are required to immediately disclose any conflicts of interest and this is monitored by the board president.

Form 990, Page 6, Part VI, Line 15A

The executive committee of hcdc reviews and approves the executive director's annual salary.

Form 990, Page 6, Part VI, Line 19

The governing documents and conflict of interest policy are available to the public upon request. The consolidating financial statements are available to the public thorugh the massachusetts attorney general or upon request. The form 990 is available to the public on the website guidestar.org. The form 1023 is available upon request.

Filing and Contact Details

Filer

Filer Name
Hilltown Community Development
EIN
04-2741009
Phone
4132964536
Address
387 MAIN ROAD PO BOX 17, CHESTERFIELD, MA 01012

Signing Officer

Name
Liam Gude
Title
President
Phone
4132964536
Signed
2025-05-14

Organization Details

Principal Officer
Dave Christopolis
Formed
1981
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
34

Preparer

Firm
Burkhart Pizzanelli Pc
Address
201 PARK AVE SUITE 2, WEST SPRINGFIELD, MA 01089-1597
Preparer
Julie Quink
Phone
4137349040
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Housing development-hilltown cdc strives to increase the number of affordable rental and owner occupied housing units in the hilltowns. It does this through seeking grants to fund purchase and renovation projects.

Form 990, Part IX, Line 24E

Repairs 88,251 0 0 repairs 35,886 16,865 0 salaries 46,007 0 0 repairs 32,095 0 0 management fees 20,719 0 0 salaries 18,295 0 0 printing and postage 16,763 0 0 utilities 9,435 6,635 0 repairs 13,108 0 0 dues and subscriptions 10,181 0 0 payroll taxes and fringe benefits 9,806 0 0 salaries 9,033 0 0 management fees 7,671 0 0 equipment 7,552 0 0 miscellaneous 5,943 0 0 bad debts 4,215 0 0 payroll taxes and fringe benefits 3,867 0 0 office 3,186 0 0 miscellaneous 2,261 0 0 payroll taxes and fringe benefits 1,429 0 0 bad debt expense 815 0 0 office 706 0 0 dues and subscriptions 520 0 0 dues and subscriptions 520 0 0 total 348,264 23,500 0

Financial Statement Notes

Schedule D, Page 3, Part X

Hcdc is a not-for-profit corporation organized under massachusetts general laws, chapter 180. It is classified as a 501(c)(3) organization under the internal revenue code. In addition, it qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a) (2). As such, hcdc is exempt from federal and state corporate income taxes and various federal and state excise and sales taxes. Hcdc would recognize interest and penalties associated with any uncertain tax positions as interest and other expense, respectively, if applicable. As of june 30, 2024, hcdc has not recorded any amounts related to unrecognized income tax benefits or accrued interest and penalties. Hcdc's informational returns are subject to examination by taxing authorities for all years ending on or after june 30, 2021. Hcdc elects to classify interest and penalties in connection with its tax positions as interest and other expenses, respectively, if applicable.

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IRS990/ProgramServiceRevenueGrp/Desc3HCDC RENTAL PROPERTIES
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY DEVELOPMENT-HCDC RUNS AND OVERSEES VARIOUS COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS IN VARIOUS COMMUNITIES IN WESTERN MASSACHUSETTS. ACTIVITIES INCLUDE COMMUNITY PLANNING, BUSINESS ASSISTANCE, SOCIAL SERVICES, REHABILITATION OF HOUSING STOCK, KEEP FARMING IN THE HILLTOWNS AND AN INITIATIVE STUDYING RURAL TRANSPORTATION ACROSS HILLTOWNS. THE AGENCY ALSO ADMINISTERS REGIONAL COMMUNITY DEVELOPMENT BLOCK GRANT SERVICES ANNUALLY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01742233
IRS990/ProgSrvcAccomActy3Grp/Desc0RENTAL PROPERTIES-HCDC OWNS AND MANAGES 68 AFFORDABLE RENTAL UNITS IN SCATTERED SITES THROUGHOUT RURAL HAMPSHIRE COUNTY, 25 OF WHICH ARE FOR SENIORS. HILLTOWN CDC ACTIVELY PURSUES OPPORTUNITIES TO CREATE OR RENOVATE AFFORDABLE RENTAL HOUSING UNITS FOR ALL LOW TO MODERATE INCOME AREA RESIDENTS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOUSING DEVELOPMENT-HILLTOWN CDC STRIVES TO INCREASE THE NUMBER OF AFFORDABLE RENTAL AND OWNER OCCUPIED HOUSING UNITS IN THE HILLTOWNS. IT DOES THIS THROUGH SEEKING GRANTS TO FUND PURCHASE AND RENOVATION PROJECTS.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BEQUEST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVES AND DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEVELOPER FEE DUE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5PROPERTY UNDER DEVELOPMENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HCDC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER MASSACHUSETTS GENERAL LAWS, CHAPTER 180. IT IS CLASSIFIED AS A 501(C)(3) ORGANIZATION UNDER THE INTERNAL REVENUE CODE. IN ADDITION, IT QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) (2). AS SUCH, HCDC IS EXEMPT FROM FEDERAL AND STATE CORPORATE INCOME TAXES AND VARIOUS FEDERAL AND STATE EXCISE AND SALES TAXES. HCDC WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY UNCERTAIN TAX POSITIONS AS INTEREST AND OTHER EXPENSE, RESPECTIVELY, IF APPLICABLE. AS OF JUNE 30, 2024, HCDC HAS NOT RECORDED ANY AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS OR ACCRUED INTEREST AND PENALTIES. HCDC'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2021. HCDC ELECTS TO CLASSIFY INTEREST AND PENALTIES IN CONNECTION WITH ITS TAX POSITIONS AS INTEREST AND OTHER EXPENSES, RESPECTIVELY, IF APPLICABLE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOUSING DEVELOPMENT-HILLTOWN CDC STRIVES TO INCREASE THE NUMBER OF AFFORDABLE RENTAL AND OWNER OCCUPIED HOUSING UNITS IN THE HILLTOWNS. IT DOES THIS THROUGH SEEKING GRANTS TO FUND PURCHASE AND RENOVATION PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO HCDC'S BOARD FOR REVIEW IN ADVANCE OF THE FILING DEADLINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS DETAILED IN HCDC'S BYLAWS. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY CONFLICTS OF INTEREST AND THIS IS MONITORED BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF HCDC REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S ANNUAL SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONSOLIDATING FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THORUGH THE MASSACHUSETTS ATTORNEY GENERAL OR UPON REQUEST. THE FORM 990 IS AVAILABLE TO THE PUBLIC ON THE WEBSITE GUIDESTAR.ORG. THE FORM 1023 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REPAIRS 88,251 0 0 REPAIRS 35,886 16,865 0 SALARIES 46,007 0 0 REPAIRS 32,095 0 0 MANAGEMENT FEES 20,719 0 0 SALARIES 18,295 0 0 PRINTING AND POSTAGE 16,763 0 0 UTILITIES 9,435 6,635 0 REPAIRS 13,108 0 0 DUES AND SUBSCRIPTIONS 10,181 0 0 PAYROLL TAXES AND FRINGE BENEFITS 9,806 0 0 SALARIES 9,033 0 0 MANAGEMENT FEES 7,671 0 0 EQUIPMENT 7,552 0 0 MISCELLANEOUS 5,943 0 0 BAD DEBTS 4,215 0 0 PAYROLL TAXES AND FRINGE BENEFITS 3,867 0 0 OFFICE 3,186 0 0 MISCELLANEOUS 2,261 0 0 PAYROLL TAXES AND FRINGE BENEFITS 1,429 0 0 BAD DEBT EXPENSE 815 0 0 OFFICE 706 0 0 DUES AND SUBSCRIPTIONS 520 0 0 DUES AND SUBSCRIPTIONS 520 0 0 TOTAL 348,264 23,500 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt1COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0VILLAGE CENTER APARTMENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1GOSHEN SENIOR HOUSING LLC
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$7.71$5.11$4.57$3.50$1.07
2024Detailed filing. Detailed filing data is available for this year.$12.4$7.71$4.69$4.14$3.50$0.65
2023Detailed filing. Detailed filing data is available for this year.$13.6$9.55$4.05$6.45$3.31$3.14
2022Summary only. Only limited summary data is available for this year.$9.49$8.58$0.91$2.76$2.93$0.16
2021Summary only. Only limited summary data is available for this year.$9.44$8.37$1.07$3.01$3.04$0.03
2020Summary only. Only limited summary data is available for this year.$8.70$7.60$1.11$2.16$2.38$0.22
2019Detailed filing. Detailed filing data is available for this year.$9.22$7.89$1.33$3.24$3.33$0.09
2018Detailed filing. Detailed filing data is available for this year.$9.31$7.90$1.42$3.32$3.20$0.12
2017Detailed filing. Detailed filing data is available for this year.$7.41$6.13$1.28$3.30$3.22$0.08
2016Detailed filing. Detailed filing data is available for this year.$6.76$5.56$1.20$2.78$3.03$0.25
2015Detailed filing. Detailed filing data is available for this year.$5.57$4.16$1.41$4.53$3.04$1.49
2014Detailed filing. Detailed filing data is available for this year.$3.75$3.83$0.08$2.36$2.53$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$3.67$0.09$1.91$1.97$0.06
2012Summary only. Only limited summary data is available for this year.$3.44$3.31$0.14$2.39$2.35$0.04
2011Summary only. Only limited summary data is available for this year.$3.31$3.21$0.09$1.78$1.89$0.11
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $10M-$25M nonprofits