Civic Intelligence

Partnership for Financial Equity Inc

990EZ • Fiscal year 2013 • EIN 04-3093735

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 01, 2014

Organization ProfileMCBC.INFO
PO Box 51237Readville, MA 02205
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.01x

Higher debt load relative to assets than 55% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

14th percentile

-17%

Higher net margin than 14% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

31st percentile

-6.5%

Faster asset growth than 31% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$242,571

Down $16,885 (-6.5%) from 2012

Net Assets

Down

$240,070

Down $16,886 (-6.6%) from 2012

Liabilities

Up

$2,501

Up $1 (+0.0%) from 2012

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin14th percentile

Revenue

Down

$100,043

Down $24,192 (-19%) from 2012

Expenses

Down

$116,929

Down $6,668 (-5.4%) from 2012

Net Income

Down

-$16,886

Down $17,524 (-2747%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$400K$300K$200K$100K$0Assets 2011: $258,818Liabilities 2011: $2,500Net Assets 2011: $256,3182011Assets 2012: $259,456Liabilities 2012: $2,500Net Assets 2012: $256,9562012Assets 2013: $242,571Liabilities 2013: $2,501Net Assets 2013: $240,0702013Assets 2014: $195,201Liabilities 2014: $553Net Assets 2014: $194,6482014Assets 2015: $194,730Liabilities 2015: $7,905Net Assets 2015: $186,8252015Assets 2016: $177,240Liabilities 2016: $0Net Assets 2016: $177,2402016Assets 2017: $175,083Liabilities 2017: $8,552Net Assets 2017: $166,5312017Assets 2018: $171,993Liabilities 2018: $5,451Net Assets 2018: $166,5422018Assets 2019: $171,209Liabilities 2019: $5,528Net Assets 2019: $165,6812019Assets 2020: $198,946Liabilities 2020: $30,900Net Assets 2020: $168,0462020Assets 2021: $261,915Liabilities 2021: $55,351Net Assets 2021: $206,5642021Assets 2022: $290,690Liabilities 2022: $781Net Assets 2022: $289,9092022Assets 2023: $392,672Liabilities 2023: $24,663Net Assets 2023: $368,0092023Assets 2024: $377,441Liabilities 2024: $663Net Assets 2024: $376,7782024

Highlighted filing

2013

Assets$242,571
Liabilities$2,501
Net Assets$240,070
Open 2013 Filing

Operations Trend

Revenue Growth15th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $125,008Expenses 2011: $125,469Net Income 2011: -$4612011Revenue 2012: $124,235Expenses 2012: $123,597Net Income 2012: $6382012Revenue 2013: $100,043Expenses 2013: $116,929Net Income 2013: -$16,8862013Revenue 2014: $103,051Expenses 2014: $148,473Net Income 2014: -$45,4222014Revenue 2015: $118,325Expenses 2015: $126,148Net Income 2015: -$7,8232015Revenue 2016: $120,341Expenses 2016: $129,926Net Income 2016: -$9,5852016Revenue 2017: $122,198Expenses 2017: $132,907Net Income 2017: -$10,7092017Revenue 2018: $113,038Expenses 2018: $113,027Net Income 2018: $112018Revenue 2019: $139,798Expenses 2019: $140,659Net Income 2019: -$8612019Revenue 2020: $147,912Expenses 2020: $145,547Net Income 2020: $2,3652020Revenue 2021: $142,065Expenses 2021: $103,547Net Income 2021: $38,5182021Revenue 2022: $189,279Expenses 2022: $105,934Net Income 2022: $83,3452022Revenue 2023: $315,025Expenses 2023: $236,925Net Income 2023: $78,1002023Revenue 2024: $299,724Expenses 2024: $253,955Net Income 2024: $45,7692024

Highlighted filing

2013

Revenue$100,043
Expenses$116,929
Net Income-$16,886
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 1, 2014
Return Version
2012v2.3
Mission and Program Overview

Mission

To bring together community organizations and financial institutions to affect positive change in the availability of credit and financial services across massachusetts by encouraging community investment in low and moderate income and minority group neighborhoods and providing research, other information, assistance and direction in understanding and addressing the credit and financial needs of low and moderate income individuals and neighborhoods.

Filing and Contact Details

Filer

EIN
04-3093735
Raw XML Appendix192 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CompensationExplanation/Compensation/PersonName0SUSANNE CAMERON
CompensationExplanation/Compensation/PersonName1CHRIS NORRIS
CompensationExplanation/Compensation/PersonName2DONNA HAYNES
CompensationExplanation/Compensation/PersonName3KARL C RENNEY
CompensationExplanation/Compensation/PersonName4SONIA ALLEYNE
CompensationExplanation/Compensation/PersonName5MATTHEW WALLY
CompensationExplanation/Compensation/PersonName6THOMAS CALLAHAN
CompensationExplanation/Compensation/PersonName7KEVIN B NOYES
CompensationExplanation/Compensation/PersonName8KAREN FREDERICK
CompensationExplanation/Compensation/PersonName9MARISSA GUANANJA
CompensationExplanation/Compensation/PersonName10J JEAN HORSTMAN
CompensationExplanation/Compensation/PersonName11JOSEPH KRIESBERG
CompensationExplanation/Compensation/PersonName12SARITA LEDANI
CompensationExplanation/Compensation/PersonName13BILL MINKLE
CompensationExplanation/Compensation/PersonName14JOYCE STANLEY
CompensationExplanation/Compensation/PersonName15RICHARD THOMPSON
CompensationExplanation/Compensation/PersonName16THAIS DEMARCO
CompensationExplanation/Compensation/PersonName17SARAH LAMITIE
CompensationExplanation/Compensation/PersonName18CARMEN PANACOPOULOS
IRS990EZ/ActivitiesNotPreviouslyRpt0false
IRS990EZ/AddressChange0X
IRS990EZ/CashSavingsAndInvestments/BOY0258623
IRS990EZ/CashSavingsAndInvestments/EOY0241654
IRS990EZ/DidOrgFileForm1120POLThisYear0false
IRS990EZ/DoesOrgHaveHospital0false
IRS990EZ/EngagePoliticalCmpgnActivities0false
IRS990EZ/ExcessOrDeficitForYear0-16886
IRS990EZ/FeesAndOthPymtToIndContractors0107725
IRS990EZ/ForeignFinancialAccount0false
IRS990EZ/ForeignOffice0false
IRS990EZ/GrossReceipts0100043
IRS990EZ/InfoInScheduleOPartI0X
IRS990EZ/InfoInScheduleOPartII0X
IRS990EZ/InfoInScheduleOPartIII0X
IRS990EZ/InvestmentIncome0706
IRS990EZ/MadeChangesToOrgnzngEtcDoc0false
IRS990EZ/MadeLoansToFromOfficers0false
IRS990EZ/MaintainAnyDonorAdvisedFunds0false
IRS990EZ/MembershipDues099300
IRS990EZ/MethodOfAccountingAccrual0X
IRS990EZ/NetAssetsOrFundBalances/BOY0256956
IRS990EZ/NetAssetsOrFundBalancesBOY0256956
IRS990EZ/NetAssetsOrFundBalances/EOY0240070
IRS990EZ/NetAssetsOrFundBalancesEOY0240070
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition01.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition12.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition23.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition31.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition41.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition51.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition61.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition71.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition81.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition91.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition101.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition111.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition121.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition131.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition141.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition151.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition161.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition171.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition181.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation30
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation40
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation50
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation60
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation70
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation80
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation90
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation100
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation110
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation120
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation130
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation140
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation150
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation160
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation170
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation180
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0SUSANNE CAMERON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1CHRIS NORRIS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2DONNA HAYNES
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3KARL C RENNEY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4SONIA ALLEYNE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName5MATTHEW WALLY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName6THOMAS CALLAHAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName7KEVIN B NOYES
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName8KAREN FREDERICK
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName9MARISSA GUANANJA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName10J JEAN HORSTMAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName11JOSEPH KRIESBERG
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName12SARITA LEDANI
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName13BILL MINKLE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName14JOYCE STANLEY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName15RICHARD THOMPSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName16THAIS DEMARCO
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName17SARAH LAMITIE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName18CARMEN PANACOPOULOS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1VICE CHAIRMA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title9CLERK
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title11DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title12DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title13DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title14DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title15CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title16DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title17DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title18DIRECTOR
IRS990EZ/Organization501c0X
IRS990EZ/OrganizationDissolvedEtc0false
IRS990EZ/OrganizationHadUBI0false
IRS990EZ/OtherAssetsTotal/BOY0833
IRS990EZ/OtherAssetsTotal/EOY0917
IRS990EZ/OtherExpensesTotal09204
IRS990EZ/PrimaryExemptPurpose0TO BRING TOGETHER COMMUNITY ORGANIZATIONS AND FINANCIAL INSTITUTIONS TO AFFECT POSITIVE CHANGE IN THE AVAILABILITY OF CREDIT AND FINANCIAL SERVICES ACROSS MASSACHUSETTS BY ENCOURAGING COMMUNITY INVESTMENT IN LOW- AND MODERATE-INCOME AND UNDERSERVED NEIGHBORHOODS.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0THE MASSACHUSETTS COMMUNITY & BANKING COUNCIL (MCBC) WORKS THROUGH ITS COMMITTEES, EACH CO-CHAIRED BY A REPRESENTATIVE OF A FINANCIAL INSTITUTION AND A COMMUNITY ORGANIZATION. TODAY, OVER 150 REPRESENTATIVES OF FINANCIAL INSTITUTIONS, COMMUNITY ORGANIZATIONS, PUBLIC AGENCIES AND OTHERS PARTICIPATE IN AND/OR RECEIVE REGULAR INFORMATION ON MCBC COMMITTEE ACTIVITIES. MCBC'S 2012-2013 COMMITTEE ACTIVITIES INCLUDED: MCBC'S ECONOMIC DEVELOPMENT COMMITTEE BRING TOGETHER FINANCIAL INSTITUTIONS, SMALL BUSINESS ASSISTANCE PROVIDERS, CITY AND STATE AGENCIES AND OTHERS TO PROMOTE THE ECONOMIC REVITALIZATION OF LOW- AND MODERATE- INCOME COMMUNITIES IN MASSACHUSETTS BY PROVIDING INSIGHT, IDEAS AND INFORMATION DESIGNED TO ENCOURAGE SMALL BUSINESS LENDING AND GROWTH. THE COMMITTEE REGULARLY HOSTS SPEAKERS FROM A VARIETY OF CITY, STATE AND COMMUNITY-BASED PROGRAMS THAT ASSIST SMALL BUSINESS AND PROMOTE ECONOMIC DEVELOPMENT. THE COMMITTEE DEVELOPED THE SMALL BUSINESS FINANCIAL RESOURCE GUIDE: INFORMATION FOR SMALL BUSINESSES IN BOSTON AND A COMPANION REPORT COVERING GREATER BOSTON TO HELP SMALL BUSINESS OWNERS FIND THE RIGHT KIND OF ASSISTANCE TO MEET THEIR BUSINESS NEEDS. THE COMMITTEE ALSO PUBLISHED GETTING CREDIT FOR BUSINESS, A REPORT ON STRATEGIES TO INCREASE ACCESS TO CREDIT FOR SMALL BUSINESSES. IN DECEMBER 2012, THE ECONOMIC DEVELOPMENT COMMITTEE RELEASED SMALL BUSINESS LENDING IN MASSACHUSETTS, 2007-2011, ITS FOURTEENTH REPORT ON SMALL BUSINESS LENDING ACROSS THE STATE. THE REPORT INCLUDED A REVIEW OF SMALL BUSINESS LENDING TRENDS WITH AN EMPHASIS ON TRADITIONALLY UNDERSERVED AREAS. THE REPORT ANALYZED 2011 DATA ON LOANS OF 1 MILLION OR LESS COLLECTED UNDER THE COMMUNITY REINVESTMENT ACT ALONG WITH QUARTERLY CALL REPORT DATA. IN ADDITION TO THE DATA IN THE REPORT, MCBC ALSO PROVIDED DATA ON ALL MASSACHUSETTS CITIES AND TOWNS IN A SET OF ON-LINE TABLES MCBC'S MORTGAGE LENDING COMMITTEE BRINGS TOGETHER FINANCIAL INSTITUTIONS, HOUSING ADVOCATES, PUBLIC OFFICIALS AND OTHERS TO WORK TO EXPAND HOME OWNERSHIP OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOMEBUYERS AND TO SUSTAIN HOME OWNERSHIP IN LOW- AND MODERATE-INCOME NEIGHBORHOODS. THE COMMITTEE HAS SPONSORED A VARIETY OF PROJECTS INCLUDING PUBLICATION OF THE HOME COUNSELING DIRECTORY, BOSTON; THE HOME COUNSELING DIRECTORY, MASSACHUSETTS; THE DIRECTORY OF FORECLOSURE PREVENTION COUNSELING SERVICES IN GREATER BOSTON; EXPANDING HOME OWNERSHIP OPPORTUNITIES: RECOMMENDATION TO INCREASE THE NUMBER OF LATINO HOME BUYERS; A LOOK AT MINORITY LOAN DENIALS; EXPANDING HOMEOWNERSHIP OPPORTUNITIES: THE SOFTSECOND LOAN PROGRAM, 1991-2003; EXPANDING HOMEOWNERSHIP II; EXPANDING FAIR ACCESS TO CREDIT AND THE REVERSE MORTGAGE LENDING PROJECT REPORT. IN DECEMBER 2012, THE MORTGAGE LENDING COMMITTEE RELEASED CHANGING PATTERNS XIX, ITS ANNUAL REPORT ON MORTGAGE LENDING IN THE CITY OF BOSTON, GREATER BOSTON AND MASSACHUSETTS AND IN EACH OF THE STATE'S THIRTY-THREE LARGEST CITIES AND TOWNS. THE REPORT INCLUDED 2011 DATA ON LENDING BY RACE AND INCOME AND THE COMPARATIVE PERFORMANCE OF MAJOR TYPES OF LENDERS. IN ADDITION TO THE DATA IN THE REPORT, MCBC ALSO PROVIDED DATA ON ALL MASSACHUSETTS CITIES AND TOWNS IN A SET OF ON-LINE TABLES. IN APRIL 2013, MCBC, ALONG WITH THE RAPPAPORT CENTER FOR LAW AND PUBLIC SERVICE AND THE SUFFOLK UNIVERSITY LAW SCHOOL SPONSORED "HOMEBUYING AFTER FANNIE AND FREDDIE: THE FUTURE OF THE SECONDARY MARKET AND THE IMPACT ON LENDERS, BUYERS AND NEIGHBORHOODS, A PANEL PRESENTATION AND DISCUSSION ON PROPOSALS FOR CHANGE IN THE SECONDARY MORTGAGE MARKET AND THEIR POTENTIAL IMPACT ON LOW- AND MODERATE-INCOME HOMEBUYERS. IN ADDITION TO ITS COMMITTEE ACTIVITIES, MCBC CONTINUES TO SPONSOR AND PROMOTE BASIC BANKING FOR MASSACHUSETTS, A UNIQUE VOLUNTARY EFFORT TO PROVIDE LOW-COST CHECKING AND SAVINGS ACCOUNTS FOR CUSTOMERS WITH LIMITED BANKING NEEDS. IN 2013, 127 BANKS AND CREDIT UNION QUALIFIED FOR PARTICIPATION UNDER THE BASIC BANKING GUIDELINES. MCBC ALSO SUPPORTS BASICBANKING.ORG, A SEARCHABLE
IRS990EZ/ProgramServiceRevenue037
IRS990EZ/ProhibitedTaxShelterTrans0false
IRS990EZ/RelatedOrgControlledEntity0false
IRS990EZ/ScheduleBNotRequired0X
IRS990EZ/StatesWhereCopyOfReturnIsFiled0MA
IRS990EZ/SubjectToProxyTax0false
IRS990EZ/SumOfTotalLiabilities/BOY02500
IRS990EZ/SumOfTotalLiabilities/EOY02501
IRS990EZ/TanningServicesProvided0false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 51237
IRS990EZ/TheBooksAreInCareOf/AddressUS/City0BOSTON
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0MA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode002205
IRS990EZ/TheBooksAreInCareOf/NamePerson0THE CORPORATION
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber08009828268
IRS990EZ/TotalAssets/BOY0259456
IRS990EZ/TotalAssets/EOY0242571
IRS990EZ/TotalExpenses0116929
IRS990EZ/TotalRevenue0100043
IRS990EZ/TransactionWithControlEntity0false
IRS990EZ/WebSite0MCBC.INFO
IRS990ScheduleO/GeneralExplanation/Explanation0EXPENSES FILING FEES 85 MISCELLANEOUS EXPENSES 784 OFFICE SUPPLIES 1,563 POST OFFICE BOX FEES 93 PROGRAM SUPPLIES 2,140 RECORD FEES 102 MEMBERSHIP SOLICITATION 720 WEBSITE DEV AND MAINTENANCE 2,700 INSURANCE 1,017 TOTAL 9,204
IRS990ScheduleO/GeneralExplanation/Explanation1PREPAID EXPENSES AND DEFERRED CHARGES 833 917 TOTAL 833 917
IRS990ScheduleO/GeneralExplanation/Explanation2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,500 2,501
IRS990ScheduleO/GeneralExplanation/Explanation3TO BRING TOGETHER COMMUNITY ORGANIZATIONS AND FINANCIAL INSTITUTIONS TO AFFECT POSITIVE CHANGE IN THE AVAILABILITY OF CREDIT AND FINANCIAL SERVICES ACROSS MASSACHUSETTS BY ENCOURAGING COMMUNITY INVESTMENT IN LOW- AND MODERATE-INCOME AND UNDERSERVED NEIGHBORHOODS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE MASSACHUSETTS COMMUNITY & BANKING COUNCIL (MCBC) WORKS THROUGH ITS COMMITTEES, EACH CO-CHAIRED BY A REPRESENTATIVE OF A FINANCIAL INSTITUTION AND A COMMUNITY ORGANIZATION. TODAY, OVER 150 REPRESENTATIVES OF FINANCIAL INSTITUTIONS, COMMUNITY ORGANIZATIONS, PUBLIC AGENCIES AND OTHERS PARTICIPATE IN AND/OR RECEIVE REGULAR INFORMATION ON MCBC COMMITTEE ACTIVITIES. MCBC'S 2012-2013 COMMITTEE ACTIVITIES INCLUDED: MCBC'S ECONOMIC DEVELOPMENT COMMITTEE BRING TOGETHER FINANCIAL INSTITUTIONS, SMALL BUSINESS ASSISTANCE PROVIDERS, CITY AND STATE AGENCIES AND OTHERS TO PROMOTE THE ECONOMIC REVITALIZATION OF LOW- AND MODERATE- INCOME COMMUNITIES IN MASSACHUSETTS BY PROVIDING INSIGHT, IDEAS AND INFORMATION DESIGNED TO ENCOURAGE SMALL BUSINESS LENDING AND GROWTH. THE COMMITTEE REGULARLY HOSTS SPEAKERS FROM A VARIETY OF CITY, STATE AND COMMUNITY-BASED PROGRAMS THAT ASSIST SMALL BUSINESS AND PROMOTE ECONOMIC DEVELOPMENT. THE COMMITTEE DEVELOPED THE SMALL BUSINESS FINANCIAL RESOURCE GUIDE: INFORMATION FOR SMALL BUSINESSES IN BOSTON AND A COMPANION REPORT COVERING GREATER BOSTON TO HELP SMALL BUSINESS OWNERS FIND THE RIGHT KIND OF ASSISTANCE TO MEET THEIR BUSINESS NEEDS. THE COMMITTEE ALSO PUBLISHED GETTING CREDIT FOR BUSINESS, A REPORT ON STRATEGIES TO INCREASE ACCESS TO CREDIT FOR SMALL BUSINESSES. IN DECEMBER 2012, THE ECONOMIC DEVELOPMENT COMMITTEE RELEASED SMALL BUSINESS LENDING IN MASSACHUSETTS, 2007-2011, ITS FOURTEENTH REPORT ON SMALL BUSINESS LENDING ACROSS THE STATE. THE REPORT INCLUDED A REVIEW OF SMALL BUSINESS LENDING TRENDS WITH AN EMPHASIS ON TRADITIONALLY UNDERSERVED AREAS. THE REPORT ANALYZED 2011 DATA ON LOANS OF 1 MILLION OR LESS COLLECTED UNDER THE COMMUNITY REINVESTMENT ACT ALONG WITH QUARTERLY CALL REPORT DATA. IN ADDITION TO THE DATA IN THE REPORT, MCBC ALSO PROVIDED DATA ON ALL MASSACHUSETTS CITIES AND TOWNS IN A SET OF ON-LINE TABLES MCBC'S MORTGAGE LENDING COMMITTEE BRINGS TOGETHER FINANCIAL INSTITUTIONS, HOUSING ADVOCATES, PUBLIC OFFICIALS AND OTHERS TO WORK TO EXPAND HOME OWNERSHIP OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOMEBUYERS AND TO SUSTAIN HOME OWNERSHIP IN LOW- AND MODERATE-INCOME NEIGHBORHOODS. THE COMMITTEE HAS SPONSORED A VARIETY OF PROJECTS INCLUDING PUBLICATION OF THE HOME COUNSELING DIRECTORY, BOSTON; THE HOME COUNSELING DIRECTORY, MASSACHUSETTS; THE DIRECTORY OF FORECLOSURE PREVENTION COUNSELING SERVICES IN GREATER BOSTON; EXPANDING HOME OWNERSHIP OPPORTUNITIES: RECOMMENDATION TO INCREASE THE NUMBER OF LATINO HOME BUYERS; A LOOK AT MINORITY LOAN DENIALS; EXPANDING HOMEOWNERSHIP OPPORTUNITIES: THE SOFTSECOND LOAN PROGRAM, 1991-2003; EXPANDING HOMEOWNERSHIP II; EXPANDING FAIR ACCESS TO CREDIT AND THE REVERSE MORTGAGE LENDING PROJECT REPORT. IN DECEMBER 2012, THE MORTGAGE LENDING COMMITTEE RELEASED CHANGING PATTERNS XIX, ITS ANNUAL REPORT ON MORTGAGE LENDING IN THE CITY OF BOSTON, GREATER BOSTON AND MASSACHUSETTS AND IN EACH OF THE STATE'S THIRTY-THREE LARGEST CITIES AND TOWNS. THE REPORT INCLUDED 2011 DATA ON LENDING BY RACE AND INCOME AND THE COMPARATIVE PERFORMANCE OF MAJOR TYPES OF LENDERS. IN ADDITION TO THE DATA IN THE REPORT, MCBC ALSO PROVIDED DATA ON ALL MASSACHUSETTS CITIES AND TOWNS IN A SET OF ON-LINE TABLES. IN APRIL 2013, MCBC, ALONG WITH THE RAPPAPORT CENTER FOR LAW AND PUBLIC SERVICE AND THE SUFFOLK UNIVERSITY LAW SCHOOL SPONSORED "HOMEBUYING AFTER FANNIE AND FREDDIE: THE FUTURE OF THE SECONDARY MARKET AND THE IMPACT ON LENDERS, BUYERS AND NEIGHBORHOODS, A PANEL PRESENTATION AND DISCUSSION ON PROPOSALS FOR CHANGE IN THE SECONDARY MORTGAGE MARKET AND THEIR POTENTIAL IMPACT ON LOW- AND MODERATE-INCOME HOMEBUYERS. IN ADDITION TO ITS COMMITTEE ACTIVITIES, MCBC CONTINUES TO SPONSOR AND PROMOTE BASIC BANKING FOR MASSACHUSETTS, A UNIQUE VOLUNTARY EFFORT TO PROVIDE LOW-COST CHECKING AND SAVINGS ACCOUNTS FOR CUSTOMERS WITH LIMITED BANKING NEEDS. IN 2013, 127 BANKS AND CREDIT UNION QUALIFIED FOR PARTICIPATION UNDER THE BASIC BANKING GUIDELINES. MCBC ALSO SUPPORTS BASICBANKING.ORG, A SEARCHABLE
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier1OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier2OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/Identifier3PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/GeneralExplanation/Identifier4FIRST ACCOMPLISHMENT
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990-EZ, PART III
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/Filer/EIN0043093735
ReturnHeader/Filer/Name/BusinessNameLine10MASSACHUSETTS COMMUNTY & BANKING
ReturnHeader/Filer/Name/BusinessNameLine20COUNCIL INC
ReturnHeader/Filer/NameControl0MASS
ReturnHeader/Filer/Phone08009828268
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 51237
ReturnHeader/Filer/USAddress/City0BOSTON
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002205
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02014-04-01
ReturnHeader/Officer/Name0DONNA HAYNES
ReturnHeader/Officer/Phone08009828268
ReturnHeader/Officer/Title0TREASURER
ReturnHeader/Preparer/DatePrepared02014-04-03
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10SANDBERG & CREEDEN PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10331 PAGE ST STE 2
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0STOUGHTON
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0020721172
ReturnHeader/Preparer/Name0THERESA J CREEDEN
ReturnHeader/Preparer/Phone07813440850
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-07-01
ReturnHeader/TaxPeriodEndDate02013-06-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02014-04-30T16:21:26-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$242,571
Liabilities
$2,501
Net assets
$240,070
Revenue
$100,043
Expenses
$116,929
Net income
-$16,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.77$0.01$3.77$3.00$2.54$0.46
2023Detailed filing. Detailed filing data is available for this year.$3.93$0.25$3.68$3.15$2.37$0.78
2022Detailed filing. Detailed filing data is available for this year.$2.91$0.01$2.90$1.89$1.06$0.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.55$2.07$1.42$1.04$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.99$0.31$1.68$1.48$1.46$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.06$1.66$1.40$1.41$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.72$0.05$1.67$1.13$1.13$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.09$1.67$1.22$1.33$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.00$1.77$1.20$1.30$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.95$0.08$1.87$1.18$1.26$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.01$1.95$1.03$1.48$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.03$2.40$1.00$1.17$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.03$2.57$1.24$1.24$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.03$2.56$1.25$1.25$0.00