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 private foundation)
bullet Do not enter Social Security numbers on this form as it may be made public. By law, the
IRS generally cannot redact the information on the form.
bullet Information about Form 990-EZ and its instructions is at www.irs.gov/form990.
OMB No. 1545-1150
2013
Open to Public
Inspection
A
For the 2013 calendar year, or tax year beginning 07-01-2013, and ending 06-30-2014
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 45578
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code SOMERVILLE, MA02145
D Employer identification number

04-3093735
E Telephone number

(800) 982-8268
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 Form of organization:  
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, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ . . . . . . . . . bullet $ 103,051
Part I
Revenue, 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  
3 Membership dues and assessments...................... 3 102,650
4 Investment income........................... 4 401
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 exceeds $15,000) 6b  
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.............. Bullet 9 103,051
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 85,508
13 Professional fees and other payments to independent contractors............ 13 52,751
14 Occupancy, rent, utilities, and maintenance................... 14  
15 Printing, publications, postage, and shipping................... 15  
16 Other expenses (describe in Schedule O) .................... 16 10,214
17 Total expenses. Add lines 10 through 16 ................. Bullet 17 148,473
VerticalNetAssets 18 Excess or (deficit) for the year (Subtract line 17 from line 9)............ 18 -45,422
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)................ 19 240,070
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 21 194,648
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 10642I Form 990-EZ (2013)
Form 990-EZ (2013)
Page 2
Part IIBalance Sheets (see the instructions for Part II)Check if the organization used Schedule O to respond to any question in this Part II.................

(A) Beginning of year(B) End of year
22Cash, savings, and investments................
241,653
22
162,100
23Land and buildings....................
 
23
 
24Other assets (describe in Schedule O) ..........
917
24
33,101
25Total assets......................
242,570
25
195,201
26
Total liabilities (describe in Schedule O) .............
2,500
26
553
27Net assets or fund balances (line 27 of column (B) must agree with line 21)..
240,070
27
194,648
Part IIIStatement of Program Service Accomplishments (see the instructions for Part III) 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 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.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. 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 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 (WWW.BASICBANKING.ORG) ENABLING NEW CUSTOMERS TO IDENTIFY BANKS IN THEIR NEIGHBORHOOD THAT OFFER BASIC BANKING ACCOUNTS. FLYERS PROMOTING THE WEBSITE ARE AVAILABLE ON LINE FOR DOWNLOADING IN ENGLISH, SPANISH AND PORTUGUESE. - MCBC CONTINUED TO WORK WITH THE MASSACHUSETTS BANKERS ASSOCIATION, THE MASSACHUSETTS CREDIT UNION LEAGUE, THE MIDAS COLLABORATIVE AND OTHER ORGANIZATIONS TO PROVIDE SIGNIFICANT SUPPORT TO THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE AS PART OF MCBC'S CONTINUING EFFORT TO EXPAND ACCESS TO AND TO PROMOTE FINANCIAL EDUCATION ACROSS THE STATE.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 28a 129,035
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 32 129,035
Part IV
List 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 title (b) Average
hours per week
devoted to position		 (c)Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-) 		(d) Health benefits, contributions to employee benefit plans,
and deferred compensation		 (e) Estimated amount
of other compensation
SUSANNE CAMERONClick to see attachmentDIRECTOR 1.00 0    
CHRIS NORRISClick to see attachmentDIRECTOR 1.00 0    
DONNA HAYNESClick to see attachmentTREASURER 3.00 0    
KARL C RENNEYClick to see attachmentDIRECTOR 1.00 0    
SONIA ALLEYNEClick to see attachmentDIRECTOR 1.00 0    
MATTHEW WALLYClick to see attachmentCHAIRMAN 1.00 0    
THOMAS CALLAHANClick to see attachmentVICE CHAIRMA 1.00 0    
KEVIN B NOYESClick to see attachmentDIRECTOR 1.00 0    
KAREN FREDERICKClick to see attachmentDIRECTOR 1.00 0    
MARISSA GUANANJAClick to see attachmentCLERK 1.00 0    
J JEAN HORSTMANClick to see attachmentDIRECTOR 1.00 0    
JOSEPH KRIESBERGClick to see attachmentDIRECTOR 1.00 0    
SARITA LEDANIClick to see attachmentDIRECTOR 1.00 0    
TIMOTHY BURRILLClick to see attachmentDIRECTOR 1.00 0    
ROBERT DRISCOLLClick to see attachmentDIRECTOR 1.00 0    
ERIKA EURKUSClick to see attachmentDIRECTOR 1.00 0    
THAIS DEMARCOClick to see attachmentDIRECTOR 1.00 0    
SARAH LAMITIEClick to see attachmentDIRECTOR 1.00 0    
JESUS GERENAClick to see attachmentDIRECTOR 1.00 0    
EMILY MORRIS LITONJUAClick to see attachmentDIRECTOR 1.00 0    
Form 990-EZ (2013)
Form 990-EZ (2013)
Page 3
Part V
Other Information
(Note the Schedule A and personal benefit contract statement requirements in the
instructions for Part V.) Check if the organization used Schedule O to respond to any question in this Part V.......
Yes
No
33
Did the organization engage in any significant 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 changeon Schedule O (see instructions) ..........................
34
 
No
35a
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities (such as those reported on lines 2, 6a, and 7a, among others)? ............
35a
 
No
b
If "Yes," to line 35a, has the organization filed a Form 990-T for the year? If "No," provide an explanation in Schedule O
35b
 
 
c
Was the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements during the year? If "Yes," complete Schedule C, Part III
35c
 
No
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 benefittransaction 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 bulletDANA LEWINTER Telephone no. bullet (800) 982-8268
Located at bullet330 LOWELL STREETSOMERVILLE,MA ZIP + 4bullet02145
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 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
 
Yes
No
44a
Did the organization maintain any donor advised funds during the year? If "Yes," Form 990 must be completed instead of
Form 990-EZ................................
44a
 
No
b
Did the organization operate one or more hospital facilities during the year? If "Yes," Form 990 must be completedinstead of Form 990-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
 
 
45a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?.........
45a
 
No
45b
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 may need to be completed instead of Form 990-EZ (see instructions)......................
45b
 
No
Form 990-EZ (2013)
Form 990-EZ (2013)
Page 4
Yes
No
46
Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition tocandidates for public office? If “Yes," complete Schedule C, Part I. ..............
46
 
No
Part VI
Section 501(c)(3) organizations only All section 501(c)(3) organizations must answer questions 47-49b and 52, and complete the tables for lines 50 and 51 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 or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................
47
 
No
48
Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..
48
 
No
49a
Did the organization make any transfers to an exempt non-charitable related organization?......
49a
 
No
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 title of each employee (b) Average
hours per week
devoted to position		 (c) Reportable compensation
(Forms W-2/1099-MISC) 		(d) Health benefits, contributions to employee benefit plans, and deferred compensation (e) Estimated amount of other compensation
 
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 business address of each independent contractor (b) Type of service (c) Compensation
 
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 ...............bullet
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 Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name bullet

Firm's EIN bullet
Firm's address bullet



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
Form 990-EZ (2013)


Form 990-EZ, Special Condition Description:
Special Condition Description

Additional Data


Software ID:  
Software Version:  
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.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
MASSACHUSETTS COMMUNTY & BANKING
COUNCIL INC
Employer identification number

04-3093735
Return Reference Explanation
FORM 990-EZ, PART I, LINE 16 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
FORM 990-EZ, PART II, LINE 24 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
FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,500 553
FORM 990-EZ, PART III 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.
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 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 (WWW.BASICBANKING.ORG) ENABLING NEW CUSTOMERS TO IDENTIFY BANKS IN THEIR NEIGHBORHOOD THAT OFFER BASIC BANKING ACCOUNTS. FLYERS PROMOTING THE WEBSITE ARE AVAILABLE ON LINE FOR DOWNLOADING IN ENGLISH, SPANISH AND PORTUGUESE. - MCBC CONTINUED TO WORK WITH THE MASSACHUSETTS BANKERS ASSOCIATION, THE MASSACHUSETTS CREDIT UNION LEAGUE, THE MIDAS COLLABORATIVE AND OTHER ORGANIZATIONS TO PROVIDE SIGNIFICANT SUPPORT TO THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE AS PART OF MCBC'S CONTINUING EFFORT TO EXPAND ACCESS TO AND TO PROMOTE FINANCIAL EDUCATION ACROSS THE STATE.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013

Additional Data


Software ID:  
Software Version:  

TY 2013 CompensationExplanation
Name:
MASSACHUSETTS COMMUNTY & BANKING
COUNCIL INC
EIN: 04-3093735
Person Name Explanation
SUSANNE CAMERON  
CHRIS NORRIS  
DONNA HAYNES  
KARL C RENNEY  
SONIA ALLEYNE  
MATTHEW WALLY  
THOMAS CALLAHAN  
KEVIN B NOYES  
KAREN FREDERICK  
MARISSA GUANANJA  
J JEAN HORSTMAN  
JOSEPH KRIESBERG  
SARITA LEDANI  
TIMOTHY BURRILL  
ROBERT DRISCOLL  
ERIKA EURKUS  
THAIS DEMARCO  
SARAH LAMITIE  
JESUS GERENA  
EMILY MORRIS LITONJUA