Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 14,858,109 | 9,705,693 | 28,627,314 | 658,683 | 22,772,640 | 76,622,439 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 14,858,109 | 9,705,693 | 28,627,314 | 658,683 | 22,772,640 | 76,622,439 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 76,622,439 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 14,858,109 | 9,705,693 | 28,627,314 | 658,683 | 22,772,640 | 76,622,439 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 130,566 | 215,165 | 256,924 | 27,206 | 14,012 | 643,873 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 9,257,821 | 788,688 | 517,637 | 5,772 | 3,468,636 | 14,038,554 |
| 11 | Total support. Add lines 7 through 10 | 91,304,866 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | REPAYMENT - FORGIVENESS OF DEBT - 2015 AMOUNT: $ 8,930,365. 2016 AMOUNT: $ 400,864. MISCELLANEOUS - 2015 AMOUNT: $ 327,456. 2016 AMOUNT: $ 387,824. 2017 AMOUNT: $ 517,637. 2018 AMOUNT: $ 5,772. 2019 AMOUNT: $ 1,132,721. GAIN - INVESTMENT IN LPS - 2019 AMOUNT: $ 2,335,915. |
| PART II SECTION A. COLUMN (D) 2018 | THIS COLUMN REFLECTS A SHORT YEAR, OCTBER 2018 - DECEMBER 2018. THIS SHORT YEAR WAS DUE TO THE ORGANIZATION CHANGING FROM A FISCAL YEAR END TO A CALENDAR YEAR END. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | NO MINUTES ARE KEPT OF COMMITTEE MEETINGS; CORPORATE POLICY INVESTS ALL RESPONSIBILITY FOR FINANCIAL AND TAX FILINGS WITH THE CFO. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE TAX MANAGER, CORPORATE CONTROLLER AND CFO. BEFORE SIGNED AND FILED, IT IS ALSO DISTRIBUTED FOR REVIEW TO THE AUDIT AND FINANCE COMMITTEE AS WELL AS ALL MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL WRITTEN CERTIFICATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BASED ON COMPARABLE DATA. IT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS BASED ON COMPARABLE DATA. THEY ARE REVIEWED AND APPROVED BY THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VII, SECTION B - INDEPENDENT CONTRACTORS | 1. KEVIN P. MARTIN & ASSOCIATES, PC - 10 FORBES ROAD SUITE 200 - BRAINTREE, MA - 02184 O $174,760 - AUDIT 9/30/19 O $185,165 - AUDIT 12/31/19 O $22,425 - 990 PREPARATION FEE 9/30/19 O $22,425 - 990 PREPARATION FEE 12/31/19 $404,775 - TOTAL FEES PAID 2. CINCINNATI CITY SCHOOL DISTRICT - 2651 BURNET AVE - CINCINNATI, OH 45219 - CONSULTING - $263,413 3. UPTOWN CONSORTIUM, INC. - 629 OAK STREET, SUITE 306 - CINCINNATI, OH 45206 - DEVELOPMENT CONSULTING - $219,783 4. EPLUS TECHNOLOGY, INC. - P.O. BOX 404398 - ATLANTA, GA 30384 - TECHNOLOGY CONSULTING - $135,424 |
| FORM 990, PART XI, LINE 9: | CONTRIBUTED CAPITAL 3,731,602. DECONSOLIDATION OF ENTITIES -54,869. CAPITAL DISTRIBUTIONS -111,071. IMPAIREMENT OF INVESTMENT -7,601,709. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | 599 RIVER STREET GP LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 47-1646080 FOR THE YEAR ENDING DECEMBER 31, 2017 599 RIVER STREET GP LLC IS 100% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, 599 RIVER STREET GP LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). 599 RIVER STREET GP LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | A.O. FLATS MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 81-2587922 FOR THE YEAR ENDING DECEMBER 31, 2019 A.O. FLATS MM LLC IS 79% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, A.O. FLATS MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). A.O. FLATS MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | AURORA ARTS CENTRE NMTC LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 82-2161854 FOR THE YEAR ENDING DECEMBER 31, 2017 AURORA ARTS CENTRE NMTC LLC IS 100% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, AURORA ARTS CENTRE NMTC LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). AURORA ARTS CENTRE NMTC LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | CHURCH HILL NORTH PHASE 1 MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 47-3109779 FOR THE YEAR ENDING DECEMBER 31, 2019 CHURCH HILL NORTH PHASE 1 MM LLC IS 75% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, CHURCH HILL NORTH PHASE 1 MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). CHURCH HILL NORTH PHASE 1 MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | CHURCH HILL NORTH PHASE 1B MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER:47-5101352 FOR THE YEAR ENDING DECEMBER 31, 2019 CHURCH HILL NORTH PHASE 1B MM LLC IS 75% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, CHURCH HILL NORTH PHASE 1B MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). CHURCH HILL NORTH PHASE 1B MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | MONUMENT EAST APARTMENTS MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 82-1661305 FOR THE YEAR ENDING DECEMBER 31, 2019 MONUMENT EAST APARTMENTS MM LLC IS 51% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, MONUMENT EAST APARTMENTS MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). MONUMENT EAST APARTMENTS MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | OAK PARK I HOUSING MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 83-1548705 FOR THE YEAR ENDING DECEMBER 31, 2019 OAK PARK I HOUSING MM LLC IS 79% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, OAK PARK I HOUSING MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). OAK PARK I HOUSING MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | TCB AVONDALE TOWN CENTER NORTH LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 82-2646339 FOR THE YEAR ENDING DECEMBER 31, 2019 TCB AVONDALE TOWN CENTER NORTH LLC IS 75% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, TCB AVONDALE TOWN CENTER NORTH LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). TCB AVONDALE TOWN CENTER NORTH LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | TCB NOQUOCHOKE VILLAGE MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 81-3999359 FOR THE YEAR ENDING DECEMBER 31, 2019 TCB NOQUOCHOKE VILLAGE MM LLC IS 100% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, TCB NOQUOCHOKE VILLAGE MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). TCB NOQUOCHOKE VILLAGE MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE IT IS A BINDING AND IRREVOCABLE ELECTION. |
| ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) | WASHINGTON PINE MM LLC C/O THE COMMUNITY BUILDERS, INC. 185 DARTMOUTH STREET BOSTON, MA 02116 EMPLOYER IDENTIFICATION NUMBER: 83-3471760 FOR THE YEAR ENDING DECEMBER 31, 2019 WASHINGTON PINE MM LLC IS 100% OWNED BY THE TAX-EXEMPT ENTITY, THE COMMUNITY BUILDERS, INC. AS SUCH, WASHINGTON PINE MM LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). WASHINGTON PINE MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE IT IS A BINDING AND IRREVOCABLE ELECTION. |
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| Software Version: |