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ObjectId: 201642179349300204 - Submission: 2016-08-04
TIN: 04-2660283
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Information about Schedule R (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
THE NEIGHBORHOOD DEVELOPERS INC
Employer identification number
04-2660283
Part I
Identification of Disregarded Entities
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
(1)
CHELSEA NEIGHBORHOOD DEVELOPERS LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
04-2660283
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
405,658
1,563,953
THE NEIGHBORHOOD DEVELOPERS INC
(2)
CHELSEA NEIGHBORHOOD DEVELOPERS II LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
04-2660283
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
0
0
THE NEIGHBORHOOD DEVELOPERS INC
(3)
REVERE NEIGHBORHOOD DEVELOPERS LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
04-2660283
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
135,688
585,572
THE NEIGHBORHOOD DEVELOPERS INC
(4)
WALDEN HOUSE LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
27-4194705
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
76,273
432,529
THE NEIGHBORHOOD DEVELOPERS INC
(5)
NORTH BELLINGHAM VETERANS HOME LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
46-1456747
TO DEVELOP AND PROVIDE HOUSING FOR VETERANS
MA
158,602
30,120
THE NEIGHBORHOOD DEVELOPERS INC
Part II
Identification of Related Tax-Exempt Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
GERRISH TND INC
4 GERRISH AVE
CHELSEA
,
MA
02150
47-4230197
MAINTAINING AND RENTING COMMCERCIAL PROPERTY
MA
501(C)(3)
LINE 9
THE NEIGHBORHOOD DEVELOPERS INC
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Page 2
Schedule R (Form 990) 2015
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
(1)
CHELSEA HOMES I LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
20-1985546
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
(2)
JANUS HIGHLAND LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
20-5234587
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
(3)
113 SPENCER LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
26-1671776
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
(4)
GERRISH RETAIL PARTNERS LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
20-8907601
OWN COMMERICAL REAL ESTATE THROUGH THE NEW MARKET TAX CREDITS PROGRAM
MA
THE NEIGHBORHOOD DEVELOPERS INC
RELATED
442,711
No
Yes
80.000 %
(5)
SPENCER ROW LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
26-4422204
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
(6)
HIGHLAND TERRACE LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
27-3173985
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
(7)
525 BEACH STREET LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
30-0711605
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
(8)
189 BROADWAY LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
36-4779654
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
189 BROADWAY GP INC
RELATED
7,588,013
No
No
99.000 %
(9)
242 SPENCER LIMITED PARTNERSHIP
4 GERRISH AVE
CHELSEA
,
MA
02150
47-2635013
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
242 SPENCER GPINC
RELATED
1,684,619
No
No
99.000 %
(10)
TND HOMES I LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
47-2622465
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
No
No
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
CHELSEA HOMES I GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
20-1982017
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,127
123,418
79.000 %
Yes
(2)
JANUS HIGHLAND GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
20-5221813
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,103
79
79.000 %
Yes
(3)
113 SPENCER GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
26-1571833
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,115
79
79.000 %
Yes
(4)
SPENCER ROW GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
26-4382759
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,392
5,100
100.000 %
Yes
(5)
HIGHLAND TERRACE GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
27-3157093
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,401
5,100
100.000 %
Yes
(6)
525 BEACH STREET GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
45-4104940
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,374
100
100.000 %
Yes
(7)
189 BROADWAY GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
46-4740481
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,340
100
100.000 %
Yes
(8)
242 SPENCER GP INC
4 GERRISH AVE
CHELSEA
,
MA
02150
47-2634551
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,366
100.000 %
Yes
(9)
TND HOMES I MM LLC
4 GERRISH AVE
CHELSEA
,
MA
02150
47-2622415
TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
MA
THE NEIGHBORHOOD DEVELOPERS INC
C
-1,029
55.000 %
Yes
Schedule R (Form 990) 2015
Page 3
Schedule R (Form 990) 2015
Page
3
Part V
Transactions With Related Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
Yes
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
No
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
No
d
Loans or loan guarantees to or for related organization(s)
............................
1d
Yes
e
Loans or loan guarantees by related organization(s)
............................
1e
No
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
Yes
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
Yes
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
No
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
No
o
Sharing of paid employees with related organization(s)
............................
1o
Yes
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
Yes
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
GERRISH TND INC
K
71,496
FAIR MARKET VALUE
(2)
GERRISH TND INC
D
632,910
FAIR MARKET VALUE
(3)
189 BROADWAY LIMITED PARTNERSHIP
L
712,500
FAIR MARKET VALUE
(4)
GERRISH RETAIL PARTNERS LLC
K
93,776
FAIR MARKET VALUE
(5)
189 BROADWAY LIMITED PARTNERSHIP
D
292,116
FAIR MARKET VALUE
(6)
242 SPENCER LIMITED PARTNERSHIP
D
390,495
FAIR MARKET VALUE
Schedule R (Form 990) 2015
Page 4
Schedule R (Form 990) 2015
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2015
Page 5
Schedule R (Form 990) 2015
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference
Explanation
Schedule R (Form 990) 2015
Additional Data
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