Form990-EZ
Click to see attachment
Department of the Treasury
Internal Revenue Service
Short Form
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code
(except black lung benefit trust or private foundation)
bullet Sponsoring organizations of donor advised funds, organizations that operate one or more hospital facilities, and certain controlling organizations as defined in section 512(b)(13) must file Form 990 (see instructions).
All other organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the year may use this form.
bulletThe organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-1150
2010
Open to Public
Inspection
A
For the 2010 calendar year, or tax year beginning 07-01-2010, and ending 06-30-2011
B
Check if applicable:
C Name of organization
MASSACHUSETTS COMMUNTY & BANKING
COUNCIL INC
Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 6276
  Room/suite
City or town, state or country, and ZIP + 4 BOSTON, MA02114
D Employer identification number

04-3093735
E Telephone number

(857) 350-4916
F Group Exemption
Number. . bullet  
G Accounting method: Other (specify) bullet   H Check bulletI Website:bulletMCBC.INFOJ Tax-Exempt status(check only one)—( 6) bullet(insert no.) or
K Check bullet A Form 990-EZ or Form 990 return is not required though Form 990-N (e-postcard) may be required (see instructions). But if the organization chooses to file a return, be sure to file a complete return.
L Add lines 5b, 6c, and 7b, to line 9 to determine gross receipts; If gross receipts are $200,000 or more, or if total assets (Part II, line 25, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ.. . bullet $ 125,008
Part IRevenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions for Part I.) Check if the organization used Schedule O to respond to any question in this Part I . . . . . . . .
VerticalRevenue 1 Contributions, gifts, grants, and similar amounts received . . . . . . . . . 1  
2 Program service revenue including government fees and contracts . . . . . . . 2 76
3 Membership dues and assessments . . . . . . . . . . . . . . 3 123,750
4 Investment income . . . . . . . . . . . . . . . . . . 4 1,182
5a Gross amount from sale of assets other than inventory . . . . 5a  
b Less: cost or other basis and sales expenses . . 5b  
c Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) . . 5c  
6 Gaming and fundraising events
a Gross income from gaming (attach Schedule G if greater than $15,000) 6a  
b Gross income from fundraising events (not including $   of contributions from fundraising events reported on line 1) (attach Schedule G if the sum of such gross income and contributions exceed $15,000) . . . . . . .
c Less: direct expenses from gaming and fundraising events . . . 6c  
d Net income or (loss) from gaming and fundraising events (Add lines 6a and 6b and subtract line 6c) 6d  
7a Gross sales of inventory, less returns and allowances . . . . 7a  
b Less: cost of goods sold . . . . . . . . . . 7b  
c Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) . . . . . . 7c  
8 Other revenue (describe in Schedule O) . . . . . . . . . 8  
9 Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 . . . . . . . . . 9 125,008
VerticalExpenses 10 Grants and similar amounts paid (list in Schedule O) . . . . . . . . 10  
11 Benefits paid to or for members . . . . . . . . . . . . . . . 11  
12 Salaries, other compensation, and employee benefits . . . . . . . . . . . 12  
13 Professional fees and other payments to independent contractors . . . . . . . . 13 111,755
14 Occupancy, rent, utilities, and maintenance . . . . . . . . . . . . . 14  
15 Printing, publications, postage, and shipping . . . . . . . . . . . . 15 8,592
16 Other expenses (describe in Schedule O) . . . . . . . . . . 16 5,122
17 Total expenses. Add lines 10 through 16 . . . . . . . . . . . . 17 125,469
VerticalNetAssets 18 Excess or (deficit) for the year (Subtract line 17 from line 9) . . . . . . . . . 18 -461
19 Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
end-of-year figure reported on prior year’s return) . . . . . . . . . . . 19 256,779
20 Other changes in net assets or fund balances (explain in Schedule O) . . . . . . . 20  
21 Net assets or fund balances at end of year. Combine lines 18 through 20 . . . . . Bullet 21 256,318
Part IIBalance Sheets Check if the organization used Schedule O to respond to any question in this Part II. . . . . . . . .

(See the instructions for Part II.)(A) Beginning of year(B) End of year
22Cash, savings, and investments . . . . . . . . . .
258,446
22
257,985
23Land and buildings . . . . . . . . . . . . .
 
23
 
24Other assets (describe in Schedule O) . . . . . .
833
24
833
25Total assets . . . . . . . . . . . . . .
259,279
25
258,818
26
Total liabilities (describe in Schedule O) . . . . .
2,500
26
2,500
27Net assets or fund balances (line 27 of column (B) must agree with line 21) .
256,779
27
256,318
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 10642I Form 990-EZ (2010)
Form 990-EZ (2010)
Page 2
Part IIIStatement of Program Service Accomplishments Check if the organization used Schedule O to respond to any question in this Part III . Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts; optional for others.)
What is the organization's primary exempt purpose? TO BRING TOGETHER REPRESENTATIVES FROM COMMUNITY ORGANIZATIONS AND FINANCIAL INSTITUTIONS TO AFFECT POSITVE CHANGE IN THE AVAILABILITY OF CREDIT AND FINANCIAL SERVICES ACROSS MASSACHUSETTS BY ENCOURAGING INVESTMENT IN LOW AND MODERATE INCOME AND MINORITY NEIGHBORHOODS AND PROVIDING RESEARCH, OTHER INFORMATION, ASSISTANCE, AND DIRECTION IN UNDERSTANDING AND ADDRESSING THE CREDIT AND FINANCIAL NEEDS IN THOSE AREA.
Describe what was achieved in carrying out the organization's exempt purposes. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 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 2010-2011 COMMITTEE ACTIVITIES INCLUDE: MCBC'S BANKING SERVICES COMMITTEE, WITH THE ACTIVE SUPPORT AND PARTICIPATION OF THE MASSACHUSETTS DIVISION OF BANKS AND THE MASSACHUSETTS BANKERS ASSOCIATION, CONTINUED TO PROMOTE BASIC BANKING FOR MASSACHUSETTS, A UNIQUE, VOLUNTARY EFFORT TO PROVIDE LOW-COST ACCOUNTS TO CUSTOMERS WITH LIMITED BANKING NEEDS. IN 2011, 111 BANKS QUALIFIED FOR PARTICIPATION UNDER THE BASIC BANKING FOR MASSACHUSETTS GUIDELINES. IN NOVEMBER 2011, MCBC WILL LAUNCH A NEW SEARCHABLE BASIC BANKING FOR MASSACHUSETTS WEBSITE INTENDED TO PROVIDE NEW CUSTOMERS WITH A WAY TO IDENTIFY BANKS IN THEIR NEIGHBORHOOD THAT OFFER BASIC BANKING ACCOUNTS AND TO OFFER THEM MORE INFORMATION ON ACCOUNT FEATURES AND OTHER BANK PRODUCTS AND SERVICES. DURING 2010-2011, THE BANKING SERVICES COMMITTEE ALSO CONTINUED TO WORK WITH THE BOSTON ALLIANCE FOR ECONOMIC INCLUSION, THE MASSACHUSETTS BANKERS ASSOCIATION, THE MASSACHUSETTS CREDIT UNION LEAGUE, THE MIDAS COLLABORATIVE AND OTHER LOCAL NON-PROFIT ORGANIZATIONS TO ESTABLISH THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE TO EXPAND ACCESS TO AND TO PROMOTE FINANCIAL EDUCATION ACROSS THE STATE. MCBC'S ECONOMIC DEVELOPMENT COMMITTEE, WHICH INCLUDES REPRESENTATIVES FROM CITY AND STATE AGENCIES, COMMUNITY-BASED ORGANIZATIONS AND FINANCIAL INSTITUTIONS, WORKS TO IDENTIFY WAYS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES TO SUPPORT BUSINESS DEVELOPMENT. THE COMMITTEE REGULARLY HOSTS SPEAKERS FROM A VARIETY OF CITY, STATE AND COMMUNITY-BASED PROGRAMS THAT ASSIST SMALL BUSINESSES 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. RECENT COMMITTEE PROJECTS INCLUDE: IN JANUARY 2011, THE ECONOMIC DEVELOPMENT COMMITTEE PUBLISHED SMALL BUSINESS LENDING IN MASSACHUSETTS, 2006-2009, ITS TWELFTH REPORT ON SMALL BUSINESS LENDING PATTERNS. THE REPORT INCLUDED DATA ON SMALL BUSINESS LENDING ACROSS THE STATE AND THE IMPACT OF SMALL BUSINESS LENDING ON THE STATE'S OVERALL ECONOMY. THE REPORT ALSO FOCUSED ON SMALL BUSINESS LENDING IN LOWER-INCOME AND TRADITIONALLY UNDERSERVED AREAS. OVER 250 COPIES OF SMALL BUSINESS LENDING WERE DISTRIBUTED TO FINANCIAL INSTITUTIONS, TECHNICAL ASSISTANCE PROVIDERS AND PUBLIC OFFICIALS. 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 AND CITY AND STATE OFFICIALS TO WORK TO EXPAND HOMEOWNERSHIP OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOMEBUYERS AND TO SUSTAIN HOMEOWNERSHIP 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 HOMEOWNERSHIP OPPORTUNITIES: RECOMMENDATIONS TO INCREASE THE NUMBER OF LATINO HOME BUYERS; A LOOK AT MINORITY LOAN DENIALS; EXPANDING HOMEOWNERSHIP OPPORTUNITY: THE SOFTSECOND LOAN PROGRAM, 1991-2003; EXPANDING HOMEOWNERSHIP OPPORTUNITY II AND EXPANDING FAIR ACCESS TO CREDIT. RECENT COMMITTEE ACTIVITIES INCLUDE: IN DECEMBER 2010, THE MORTGAGE LENDING COMMITTEE PUBLISHED CHANGING PATTERNS XVII, ITS ANNUAL REPORT ON PRIME AND SUBPRIME MORTGAGE LENDING IN THE CITY OF BOSTON, GREATER BOSTON AND MASSACHUSETTS, AS WELL AS FOR EACH OF THE STATE'S FOURTEEN COUNTIES AND ITS THIRTY-THREE LARGEST CITIES AND TOWNS. THE REPORT INCLUDED 2009 DATA ON LENDING BY RACE AND INCOME AND THE COMPARATIVE PERFORMANCE OF MAJOR TYPES OF LENDERS. OVER 350 COPIES OF CHANGING PATTERNS WERE DISTRIBUTED TO FINANCIAL INSTITUTIONS, COMMUNITY ORGANIZATIONS, HOUSING ADVOCATES AND PUBLIC OFFICIALS. 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. DURING 2010-2011, MCBC'S MORTGAGE LENDING COMMITTEE CONTINUED TO WORK WITH THE MASSACHUSETTS HOUSING PARTNERSHIP (MHP) FUND TO TRACK PERFORMANCE OF THE SOFTSECOND LOAN PROGRAM TO IDENTIFY WAYS THAT FINANCIAL INSTITUTIONS AND COMMUNITY ORGANIZATIONS CAN WORK TOGETHER TO AVOID FORECLOSURE. AS OF JUNE 30, 2011, THE DELINQUENCY RATE FOR SOFTSECOND LOANS WAS 5.39 PERCENT, AS COMPARED TO 4.63 PERCENT FOR ALL MASSACHUSETTS PRIME, FIXED-RATE MORTGAGE LOANS AND 7.88 PERCENT FOR ALL MASSACHUSETTS MORTGAGE LOANS. IN MAY 2011, MCBC'S MORTGAGE LENDING COMMITTEE RELEASED ITS REVERSE MORTGAGE LENDING PROJECT REPORT, AN INVESTIGATION INTO THE CURRENT STATE OF CONSUMER PROTECTIONS, ISSUES AND PRACTICES RELATIVE TO REVERSE MORTGAGE LENDING IN MASSACHUSETTS. THIS REPORT, ALONG WITH OTHER MCBC REPORTS, IS AVAILABLE ON MCBC'S WEBSITE AT WWW.MCBC.INFO.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 28a  
29
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		29a
30
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		30a
31 Other program services (describe in Schedule O) . . . . . . . . . . . .
(Grants $   ) If this amount includes foreign grants, check here...MediumBullet		 31a
32 Total program service expenses (add lines 28a through 31a) . . . . . . . . . bullet 32  
Part IVList of Officers, Directors, Trustees, and Key Employees. List each one even if not compensated. (See the instructions for Part IV.) Check if the organization used Schedule O to respond to any question in this Part IV . . . . . . . .
(a) Name and address (b) Title and average
hours per week
devoted to position		 (c) Compensation
(If not paid,
enter -0-.) 		(d) Contributions to
employee benefit plans &
deferred compensation		 (e) Expense
account and
other allowances
SUSANNE CAMERONClick to see attachment
P O BOX 6276
BOSTON,MA02114
 CHAIRMAN3.00 0    
CHRIS NORRISClick to see attachment
P O BOX 6276
BOSTON,MA02114
 VICE CHAIRM2.00 0    
DONNA HAYNESClick to see attachment
P O BOX 6276
BOSTON,MA02114
 TREAS3.00 0    
DANNY LEBLANCClick to see attachment
P O BOX 6276
BOSTON,MA02114
 CLERK2.00 0    
SONIA ALLEYNEClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
TRACY L BROWNClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
THOMAS CALLAHANClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
SUSANNE CAMERONClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
MONTE FOSTERClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
KAREN FREDERICKClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
MARISSA GUANANJAClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
J JEAN HORSTMANClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
JOSEPH KRIESBERGClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
SARITA LEDANIClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
BILL MINKLEClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
JOHN PATRIAKEASClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
ESTHER SCHLORHOLTZClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
MONALISA SMITHClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
JOYCE STANLEYClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
RICHARD THOMPSONClick to see attachment
P O BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
CHRISTINE TRACZYKClick to see attachment
P O BOX 6276
BOSTON,MA02114
 FORMER DIREC1.00 0    
DOREEN TREACYClick to see attachment
PO BOX 6276
BOSTON,MA02114
 DIRECTOR1.00 0    
Form 990-EZ (2010)
Form 990-EZ (2010)
Page 3
Part VOther Information(Note the statement requirements in the instructions for Part V.)YesNo Check if the organization used Schedule O to respond to any question in this Part V . . . .
33
Did the organization engage in any activity not previously reported to the IRS? If "Yes," provide a detailed description of each activity in Schedule O ..............
33
 
No
34
Were any significant changes made to the organizing or governing documents? If "Yes," attach a conformed copy of the amended documents if they reflect a change to the organization’s name. Otherwise, explain the change on Schedule O (see instructions). ...................
34
 
No
35
If the organization had income from business activities, such as those reported on lines 2, 6a, and 7a (among others), but not reported on Form 990-T, explain in Schedule O why the organization did not report the income on Form 990-T. ........................
a
Did the organization have unrelated business gross income of $1,000 or more or was it a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements?
35a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year? (see instructions) ........
35b
 
 
36
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If “Yes,” complete applicable parts of Schedule N .............
36
 
No
37a
Enter amount of political expenditures, direct or indirect, as described in the instructions. bullet
37a
 
b
Did the organization file Form 1120-POL for this year? ...............
37b
 
No
38a
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were
any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?
38a
 
No
b
If “Yes,” complete Schedule L, Part II and enter the total amount involved .
38b
 
39
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on line 9 ......
39a
 
b
Gross receipts, included on line 9, for public use of club facilities ....
39b
 
40a
Section 501(c)(3) organizations. Enter amount of tax imposed on the organization during the year under:
section 4911 bullet   ; section 4912 bullet   ; section 4955 bullet  
b
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I. ....
40b
 
 
c
Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ..bullet  
d
Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax on line 40c reimbursed by the organization ...................bullet  
e
All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If "Yes," complete Form 8886-T. .................
40e
 
No
41List the states with which a copy of this return is filed. bulletMA
42aThe organization's books are in care of bulletTHE CORPORATION Telephone no. bullet (857) 350-4916
Located at bulletPO BOX 6276
BOSTON,MA ZIP + 4bullet02114
b
At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
Yes
No
42b
 
No
If “Yes,” enter the name of the foreign country: bullet  
See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
c
At any time during the calendar year, did the organization maintain an office outside of the U.S.?
42c
 
No
If “Yes,” enter the name of the foreign country: bullet  
43.......bullet
and enter the amount of tax-exempt interest received or accrued during the tax year . . . bullet43
 
44a
Did the organization maintain any donor advised funds? If "Yes", Form 990 must be completed instead of
Yes
No
Form 990-EZ.. . . . . . . . . . . . . . . . . . . .
44a
 
No
b
Did the organization operate one or more hospital facilities during the year? If ‘Yes,’ Form 990 must be completed instead of Form990-EZ. . . . . . . . .
44b
 
No
c
Did the organization receive any payments for indoor tanning services during the year? . . . . . . .
44c
 
No
d
If 'Yes' to line 44c, has the organization filed a Form 720 to report these payments? If ‘No,’ provide an explanation in Schedule O. . . . . . . . .
44d
 
 
45
Is any related organization a controlled entity of the organization within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. . . . . . . . .
45
 
No
45a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. .
45a
 
No
46
Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I. . . . . . . . . .
46
 
No
Form 990-EZ (2010)
Form 990-EZ (2010)
Page 4
Part VI
Section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts only. All section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts must answer questions 47-49b and 52. Check if the organization used Schedule O to respond to any question in this Part VI . . . . . . . .
Yes
No
47
Did the organization engage in lobbying activities? If "Yes," complete Schedule C, Part II . . . .
47
 
 
48
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E . . .
48
 
 
49a
Did the organization make any transfers to an exempt non-charitable related organization? . . . .
49a
 
 
b
If "Yes," was the related organization a section 527 organization? . . . . . . . . .
49b
 
 
50
Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and address of each employee paid more than $100,000 (b) Title and average
hours per week
devoted to position		 (c) Compensation
 (d) Contributions to
employee benefit plans &
deferred compensation		 (e) Expense
account and
other allowances
 
50(f)
Total number of other employees paid over $100,000 . . . . . . . . . . . . . bullet  

51
Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and address of each independent contractor paid more than $100,000 (b) Type of service (c) Compensation
 
51(d)
Total number of other independent contractors each receiving over $100,000 . . . . . . . bullet  
52
Did the organization complete Schedule A? NOTE: All Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A ....................
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(See instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
Form 990-EZ (2010)

Additional Data


Software ID:  
Software Version:  

Form 990-EZ, Special Condition Description:
Special Condition Description
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
MASSACHUSETTS COMMUNTY & BANKING
COUNCIL INC
Employer identification number

04-3093735
Identifier Return Reference Explanation
OTHER EXPENSES FORM 990-EZ, PART I, LINE 16 EXPENSES FILING FEES 85 MISCELLANEOUS EXPENSES 1,274 OFFICE SUPPLIES 551 POST OFFICE BOX FEES 140 PROGRAM SUPPLIES 451 RECORD FEES 162 MEMBERSHIP SOLICITATION 354 INFORMATION TECHNOLOGY 1,105 INSURANCE 1,000 TOTAL 5,122
OTHER ASSETS FORM 990-EZ, PART II, LINE 24 PREPAID EXPENSES AND DEFERRED CHARGES 833 833 TOTAL 833 833
OTHER LIABILITIES FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,500 2,500
PRIMARY EXEMPT PURPOSE FORM 990-EZ, PART III TO BRING TOGETHER REPRESENTATIVES FROM COMMUNITY ORGANIZATIONS AND FINANCIAL INSTITUTIONS TO AFFECT POSITVE CHANGE IN THE AVAILABILITY OF CREDIT AND FINANCIAL SERVICES ACROSS MASSACHUSETTS BY ENCOURAGING INVESTMENT IN LOW AND MODERATE INCOME AND MINORITY NEIGHBORHOODS AND PROVIDING RESEARCH, OTHER INFORMATION, ASSISTANCE, AND DIRECTION IN UNDERSTANDING AND ADDRESSING THE CREDIT AND FINANCIAL NEEDS IN THOSE AREA.
FIRST ACHIEVEMENT FORM 990-EZ, PART III, LINE 28 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 2010-2011 COMMITTEE ACTIVITIES INCLUDE: MCBC'S BANKING SERVICES COMMITTEE, WITH THE ACTIVE SUPPORT AND PARTICIPATION OF THE MASSACHUSETTS DIVISION OF BANKS AND THE MASSACHUSETTS BANKERS ASSOCIATION, CONTINUED TO PROMOTE BASIC BANKING FOR MASSACHUSETTS, A UNIQUE, VOLUNTARY EFFORT TO PROVIDE LOW-COST ACCOUNTS TO CUSTOMERS WITH LIMITED BANKING NEEDS. IN 2011, 111 BANKS QUALIFIED FOR PARTICIPATION UNDER THE BASIC BANKING FOR MASSACHUSETTS GUIDELINES. IN NOVEMBER 2011, MCBC WILL LAUNCH A NEW SEARCHABLE BASIC BANKING FOR MASSACHUSETTS WEBSITE INTENDED TO PROVIDE NEW CUSTOMERS WITH A WAY TO IDENTIFY BANKS IN THEIR NEIGHBORHOOD THAT OFFER BASIC BANKING ACCOUNTS AND TO OFFER THEM MORE INFORMATION ON ACCOUNT FEATURES AND OTHER BANK PRODUCTS AND SERVICES. DURING 2010-2011, THE BANKING SERVICES COMMITTEE ALSO CONTINUED TO WORK WITH THE BOSTON ALLIANCE FOR ECONOMIC INCLUSION, THE MASSACHUSETTS BANKERS ASSOCIATION, THE MASSACHUSETTS CREDIT UNION LEAGUE, THE MIDAS COLLABORATIVE AND OTHER LOCAL NON-PROFIT ORGANIZATIONS TO ESTABLISH THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE TO EXPAND ACCESS TO AND TO PROMOTE FINANCIAL EDUCATION ACROSS THE STATE. MCBC'S ECONOMIC DEVELOPMENT COMMITTEE, WHICH INCLUDES REPRESENTATIVES FROM CITY AND STATE AGENCIES, COMMUNITY-BASED ORGANIZATIONS AND FINANCIAL INSTITUTIONS, WORKS TO IDENTIFY WAYS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES TO SUPPORT BUSINESS DEVELOPMENT. THE COMMITTEE REGULARLY HOSTS SPEAKERS FROM A VARIETY OF CITY, STATE AND COMMUNITY-BASED PROGRAMS THAT ASSIST SMALL BUSINESSES 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. RECENT COMMITTEE PROJECTS INCLUDE: IN JANUARY 2011, THE ECONOMIC DEVELOPMENT COMMITTEE PUBLISHED SMALL BUSINESS LENDING IN MASSACHUSETTS, 2006-2009, ITS TWELFTH REPORT ON SMALL BUSINESS LENDING PATTERNS. THE REPORT INCLUDED DATA ON SMALL BUSINESS LENDING ACROSS THE STATE AND THE IMPACT OF SMALL BUSINESS LENDING ON THE STATE'S OVERALL ECONOMY. THE REPORT ALSO FOCUSED ON SMALL BUSINESS LENDING IN LOWER-INCOME AND TRADITIONALLY UNDERSERVED AREAS. OVER 250 COPIES OF SMALL BUSINESS LENDING WERE DISTRIBUTED TO FINANCIAL INSTITUTIONS, TECHNICAL ASSISTANCE PROVIDERS AND PUBLIC OFFICIALS. 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 AND CITY AND STATE OFFICIALS TO WORK TO EXPAND HOMEOWNERSHIP OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOMEBUYERS AND TO SUSTAIN HOMEOWNERSHIP 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 HOMEOWNERSHIP OPPORTUNITIES: RECOMMENDATIONS TO INCREASE THE NUMBER OF LATINO HOME BUYERS; A LOOK AT MINORITY LOAN DENIALS; EXPANDING HOMEOWNERSHIP OPPORTUNITY: THE SOFTSECOND LOAN PROGRAM, 1991-2003; EXPANDING HOMEOWNERSHIP OPPORTUNITY II AND EXPANDING FAIR ACCESS TO CREDIT. RECENT COMMITTEE ACTIVITIES INCLUDE: IN DECEMBER 2010, THE MORTGAGE LENDING COMMITTEE PUBLISHED CHANGING PATTERNS XVII, ITS ANNUAL REPORT ON PRIME AND SUBPRIME MORTGAGE LENDING IN THE CITY OF BOSTON, GREATER BOSTON AND MASSACHUSETTS, AS WELL AS FOR EACH OF THE STATE'S FOURTEEN COUNTIES AND ITS THIRTY-THREE LARGEST CITIES AND TOWNS. THE REPORT INCLUDED 2009 DATA ON LENDING BY RACE AND INCOME AND THE COMPARATIVE PERFORMANCE OF MAJOR TYPES OF LENDERS. OVER 350 COPIES OF CHANGING PATTERNS WERE DISTRIBUTED TO FINANCIAL INSTITUTIONS, COMMUNITY ORGANIZATIONS, HOUSING ADVOCATES AND PUBLIC OFFICIALS. 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. DURING 2010-2011, MCBC'S MORTGAGE LENDING COMMITTEE CONTINUED TO WORK WITH THE MASSACHUSETTS HOUSING PARTNERSHIP (MHP) FUND TO TRACK PERFORMANCE OF THE SOFTSECOND LOAN PROGRAM TO IDENTIFY WAYS THAT FINANCIAL INSTITUTIONS AND COMMUNITY ORGANIZATIONS CAN WORK TOGETHER TO AVOID FORECLOSURE. AS OF JUNE 30, 2011, THE DELINQUENCY RATE FOR SOFTSECOND LOANS WAS 5.39 PERCENT, AS COMPARED TO 4.63 PERCENT FOR ALL MASSACHUSETTS PRIME, FIXED-RATE MORTGAGE LOANS AND 7.88 PERCENT FOR ALL MASSACHUSETTS MORTGAGE LOANS. IN MAY 2011, MCBC'S MORTGAGE LENDING COMMITTEE RELEASED ITS REVERSE MORTGAGE LENDING PROJECT REPORT, AN INVESTIGATION INTO THE CURRENT STATE OF CONSUMER PROTECTIONS, ISSUES AND PRACTICES RELATIVE TO REVERSE MORTGAGE LENDING IN MASSACHUSETTS. THIS REPORT, ALONG WITH OTHER MCBC REPORTS, IS AVAILABLE ON MCBC'S WEBSITE AT WWW.MCBC.INFO.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  

TY 2010 CompensationExplanation
Name:
MASSACHUSETTS COMMUNTY & BANKING
COUNCIL INC
EIN: 04-3093735
Person Name Explanation
SUSANNE CAMERON  
CHRIS NORRIS  
DONNA HAYNES  
DANNY LEBLANC  
SONIA ALLEYNE  
TRACY L BROWN  
THOMAS CALLAHAN  
SUSANNE CAMERON  
MONTE FOSTER  
KAREN FREDERICK  
MARISSA GUANANJA  
J JEAN HORSTMAN  
JOSEPH KRIESBERG  
SARITA LEDANI  
BILL MINKLE  
JOHN PATRIAKEAS  
ESTHER SCHLORHOLTZ  
MONALISA SMITH  
JOYCE STANLEY  
RICHARD THOMPSON  
CHRISTINE TRACZYK  
DOREEN TREACY