Partnership for Financial Equity Inc

“Expenses filing fees 85 miscellaneous expenses 999 office supplies 735 post office box fees 463 bank fees 141 dues 200 payroll processing 1,357 website dev and maintenance 2,050 telecommunications 128 travel 2,519 insurance 1,100 non-investment depreciation 437 total 10,214”

“Accounts receivable 0 30,000 prepaid expenses and deferred charges 917 917 computers 0 2,621 less accumulated depreciation 0 437 total 917 33,101”

“Accounts payable and accrued expenses 2,500 553”

“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 underserved neighborhoods.”

“The 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 2013-2014 activities included: - mcbc's mortgage lending committee published changing patterns xx, its annual report on mortgage lending in the city of boston, greater boston and massachusetts. The report included 2012 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 lending in all massachusetts cities and towns and in the state's fourteen counties in a set of on-line tables. - mcbc's mortgage lending committee hosted several panels and speakers, including; q&a session on cra for mortgage lenders by the division of banks, panel on ability to repay and the qualified mortgage with representatives from catic, masshousing and enterprise bank, and a presentation on the federal reserve bank of boston new england city data online tool. - mcbc's mortgage lending committee continued to work with the massachusetts housing partnership (mhp) fund to track the performance of the softsecond loan program and the one mortgage program and to identify ways that financial institutions and community organizations can work together to avoid foreclosure. As of june 30, 2014, the delinquency rate for softsecond and one mortgage loans was 5.29 percent, as compared to 4.35 percent for all massachusetts prime loans and 7.11 percent of all massachusetts mortgage loans. As a partner in the massachusetts homeownership compact, which creates a shared goal between the state and its financial institutions of providing 10,000 mortgage loans over the next five years to first-time homebuyers with household incomes below the area median income, mcbc's mortgage lending committee pledged to collect and distribute data on loans originated to first time homebuyers using either the one mortgage program or masshousing mortgage. Data points will include race, income, and other household characteristics of borrowers, the type and location of homes purchased, and performance of loans including delinquency and foreclosure rates. - mcbc's economic development committee published small business lending in massachusetts, 2007-2012. This report is the fifteenth report on small business lending commissioned by mcbc. The report reviewed recent small business lending trends in massachusetts with an emphasis on traditionally underserved areas across the state and reviewed changes in economic conditions and other factors that effect small business lending. The report primarily utilizes two sources of small business lending data: annual data collected under the community reinvestment act (cra) and quarterly call report data. The report analyzed 2012 lending data and provided comparisons to 2007 through 2012. - mcbc's economic development committee hosted presentations by several key partners, including the federal reserve bank of boston working cities challenge, massachusetts technology collaborative, the boston foundation and accion east. The committee also held an event on november 13, 2014 titled, "the road to success: how traditional and non-traditional small business lenders can travel it together." - mcbc, with the active participation and support of the massachusetts division of banks, the massachusetts bankers association and the massachusetts credit union league, continued to promote basic banking for massachusetts, a unique, voluntary effort to provide low-cost accounts to customers with limited banking needs. This year, 127 banks and credit unions qualified for participation under the basic banking for massachusetts guidelines. Mcbc continued to host the basic banking for massachusetts website (”