CAPE & ISLANDS COMMUNITY DEVELOPMENT INC

Address
5 PATTI PAGE WAY
CENTERVILLE, MA 02632
Contact
Website: http://www.coastalcommunitycapital.org
Phone: +1 (508) 790-4980
Nonprofit
NTEE: S30 - Economic Development
EIN: 04-3286347

Mission

TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS UTILIZING FEDERAL FUNDS FROM USDA INTERMEDIARY RELENDING PROGRAM (IRP), USDA RURAL MICROENTRREPRENEUR (RMAP) AND U.S TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI)
 20172016201520142013
Basic features of the organization
Year of formation1995
Subsection code03
PF filing required0    
Metropolitan statistical area0743
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $375,160.00 $310,026.00 
Sum of reportable (W2/1099) compensation$164,851.00$132,500.00$127,200.00$192,000.00 
Number of employees53314
Number of people compensated >$100k1111 
Number of volunteers 0012 
Number of highly compensated contractors 000 
Personnel
Agulnick-House, Marilyn
Title TREASURERTREASURERTREASURERDIRECTOR
Name of key/compensated person MARILYN AGULNICK-HOUSEMARILYN AGULNICK-HOUSEMARILYN AGULNICK-HOUSEMARILYN AGULNICK-HOUSE
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrue 
Average hours per week working for org 5.005.005.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Agulnick-House, Marlyn
TitleTREASURER    
Name of key/compensated personMARLYN AGULNICK-HOUSE    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org5.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Augustinho, David
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personDAVID AUGUSTINHODAVID AUGUSTINHODAVID AUGUSTINHODAVID AUGUSTINHO 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org5.005.005.005.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Converse, Amanda
Title  DIRECTORDIRECTOR 
Name of key/compensated person  AMANDA CONVERSEAMANDA CONVERSE 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  5.005.00 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Denn, Robert
Title    DIRECTOR
Name of key/compensated person    ROBERT DENN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Desimone, Charles
TitleDIRECTOR    
Name of key/compensated personCHARLES DESIMONE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org5.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Eagan, Bradford
Title  DIRECTOR  
Name of key/compensated person  BRADFORD EAGAN  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  5.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Egan, Bradford
Title   DIRECTORDIRECTOR
Name of key/compensated person   BRADFORD EGANBRADFORD EGAN
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   5.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Giancola, Michael
TitleVICE CHAIRDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personMICHAEL GIANCOLAMICHAEL GIANCOLAMICHAEL GIANCOLAMICHAEL GIANCOLAMICHAEL GIANCOLA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrue    
Average hours per week working for org5.005.005.005.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Harper, Martin
TitleDIRECTOR    
Name of key/compensated personMARTIN HARPER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org5.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Kennedy, Thomas
Title    TREASURER
Name of key/compensated person    THOMAS KENNEDY
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    5.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Marshall, Jeannine
TitlePRESIDENTPRESIDENT AND EXECUTIVE DIPRESIDENT AND EXECUTIVE DIRECTORPRESIDENT & EXECUTIVE DIRECTOR 
Name of key/compensated personJEANNINE MARSHALLJEANNINE MARSHALLJEANNINE MARSHALLJEANNINE MARSHALL 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Current officerTrueTrueTrueTrue 
Average hours per week working for org40.0040.0040.0040.00 
Reportable compensation from org$164,851.00$132,500.00$127,200.00$192,000.00 
Other comp, non-reportable, from org and related orgs$25,979.00$22,402.00$19,019.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Murphy, Christopher
TitleASSISTANT TRASSISTANT TREASURERASSISTANT TREASURERDIRECTOR 
Name of key/compensated personCHRISTOPHER MURPHYCHRISTOPHER MURPHYCHRISTOPHER MURPHYCHRISTOPHER MURPHY 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrue    
Average hours per week working for org5.005.005.005.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Neitz, Richard
Title    DIRECTOR
Name of key/compensated person    RICHARD NEITZ
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
O'Brien, John
Title   DIRECTORCLERK
Name of key/compensated person   JOHN O'BRIENJOHN O'BRIEN
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer    True
Average hours per week working for org   5.005.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Rice, Peter
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personPETER RICEPETER RICEPETER RICEPETER RICEPETER RICE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Ritch, Charles
Title SECRETARYSECRETARYDIRECTORPRESIDENT
Name of key/compensated person CHARLES RITCHCHARLES RITCHCHARLES RITCHCHARLES RITCH
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrue True
Average hours per week working for org 5.005.005.005.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Rodolakis, Alex
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personALEX RODOLAKISALEX RODOLAKISALEX RODOLAKISALEX RODOLAKISALEX RODOLAKIS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sexton, Mark
TitleSECRETARYDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personMARK SEXTONMARK SEXTONMARK SEXTONMARK SEXTON 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrue    
Average hours per week working for org5.005.005.005.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Smith, Peter
TitleCHAIRVICE CHAIRVICE CHAIRDIRECTORDIRECTOR
Name of key/compensated personPETER SMITHPETER SMITHPETER SMITHPETER SMITHPETER SMITH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrue    
Average hours per week working for org5.005.005.005.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Talerman, Robert
TitleDIRECTORCHAIRCHAIRDIRECTORVICE PRES
Name of key/compensated personROBERT TALERMANROBERT TALERMANROBERT TALERMANROBERT TALERMANROBERT TALERMAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer TrueTrue True
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Wneitz, Richard
Title  DIRECTORDIRECTOR 
Name of key/compensated person  RICHARD WNEITZRICHARD WNEITZ 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  5.005.00 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS UTILIZING FEDERAL FUNDS FROM USDA INTERMEDIARY RELENDING PROGRAM (IRP), USDA RURAL MICROENTRREPRENEUR (RMAP) AND U.S TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI)ORGANIZATIONS MISSON AND MOST SIGNIFICANT ACTIVITY IS TO PROVIDE LOANS AND TECHNICIAL ASSISTANCE TO SMALL BUSINESS OWNERS IN BARNSTABLE,DUKES AND NANTUCKET COUNTIES ON CAPE COD MASSACHUSETTS THROUGH THE UTILIZATION OF FEDERAL FUNDS FROM THE USDA INTERMEDIARY LOAN PROGRAM (IRP),USDA RURAL MICROENTREPRENEUR (MAP),AND THE U.S.TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI).ORGANIZATIONS MISSON AND MOST SIGNIFICANT ACTIVITY IS TO PROVIDE LOANS AND TECHNICIAL ASSISTANCE TO SMALL BUSINESS OWNERS IN BARNSTABLE,DUKES AND NANTUCKET COUNTIES ON CAPE COD MASSACHUSETTS THROUGH THE UTILIZATION OF FEDERAL FUNDS FROM THE USDA INTERMEDIARY LOAN PROGRAM (IRP),USDA RURAL MICROENTREPRENEUR (MAP),AND THE U.S.TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI).ORGANIZATIONS MISSON AND MOST SIGNIFICANT ACTIVITY IS TO PROVIDE LOANS AND TECHNICIAL ASSISTANCE TO SMALL BUSINESS OWNERS IN BARNSTABLE,DUKES AND NANTUCKET COUNITIES ON CAPE COD MASSACHUSETTS THRU THE UTILIZATION OF FEDERAL FUNDS FROM THE USDA INTERMEDIARY LOAN PROGRAM (IRP),USDA RURAL MICROENTREPRENEUR (MAP),AND THE U.S.TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI).TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN BARNSTABLE, DUKES, AND NANTUCKET COUNTIES ON CAPE COD MASSACHUSETTS UTILIZING FEDERAL FUNDS FROM USDA INTERMEDIARY RELENDING PROGRAM (IRP), USDA RURAL MICROENTRREPRENEUR (RMAP) AND U.S TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI)
Program service expenses, total$582,348.00$519,019.00$495,906.00$699,501.00$678,688.00
Programs, including revenue & expenses
ADMINISTER LOAN PROGRAMS AND TECHNICAL ASISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS.
Program expenses$582,348.00    
Program descriptionADMINISTER LOAN PROGRAMS AND TECHNICAL ASISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS.    
ADMINISTER LOAN PROGRAMS AND TECHNICIAL ASSISTANCE TO SMALL BUSINRSS OWNERS IN BATNSTABLE,DUKES & NANTUCKET COUNTIES IN MASSACHUSETTS.
Program expenses $519,019.00$495,906.00$699,501.00 
Program description ADMINISTER LOAN PROGRAMS AND TECHNICIAL ASSISTANCE TO SMALL BUSINRSS OWNERS IN BATNSTABLE,DUKES & NANTUCKET COUNTIES IN MASSACHUSETTS.ADMINISTER LOAN PROGRAMS AND TECHNICIAL ASSISTANCE TO SMALL BUSINRSS OWNERS IN BATNSTABLE,DUKES & NANTUCKET COUNTIES IN MASSACHUSETTS.ADMINISTER LOAN PROGRAMS AND TECHNICIAL ASSISTANCE TO SMALL BUSINRSS OWNERS IN BATNSTABLE,DUKES & NANTUCKET COUNTIES IN MASSACHUSETTS. 
ADMINISTERED LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN BARNSTABLE, DUKES, AND NANTUCKET COUNTIES.
Program expenses    $678,688.00
Program description    ADMINISTERED LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN BARNSTABLE, DUKES, AND NANTUCKET COUNTIES.
Financial data
Revenue
Total revenue$671,399.00$724,644.00$698,637.00$911,355.00$841,507.00
Revenue from contributions (total)$404,922.00$220,588.00$196,347.00$218,731.00$275,510.00
Revenue from noncash contributions$2,576.00$2,948.00$10,075.00 $6,000.00
Investment income, current yr$8,163.00$500,430.00$270,534.00$180,459.00$259,938.00
Total revenue from grants, etc., current yr$404,922.00$220,588.00$196,347.00$218,731.00$275,510.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$29,572.00$3,626.00$0.00$0.00$306,059.00
Net unrelated business taxable revenue $0.00$0.00$0.00 
Program service revenue (total)$228,742.00 $231,756.00$512,165.00$0.00
Gross receipts$671,399.00$724,644.00$698,637.00$911,355.00$841,507.00
Sources of contributions
Revenue from gov't grants$402,346.00$166,043.00$151,819.00$152,481.00$151,210.00
Revenue from all other contributions$2,576.00$54,545.00$44,528.00$66,250.00$124,300.00
Other types of revenue
Miscellaneous revenue (total)$29,572.00   $306,059.00
Income from dividends, interest, and similar investments$8,163.00$500,430.00$270,534.00$180,459.00$259,938.00
Net rental income  $0.00$0.00$0.00
Net income from fundraising events $3,626.00   
Expense categories (totals)
Total functional expenses: sum of all$672,053.00$664,501.00$640,814.00$904,132.00$747,795.00
Total functional expenses: program service $582,348.00$519,019.00$495,906.00$699,501.00$678,688.00
Total functional expenses: management and general$66,377.00$126,026.00$127,237.00$185,437.00$51,127.00
Total functional expenses: fundraising$23,328.00$19,456.00$17,671.00$19,194.00$17,980.00
Fees for services
Legal fees (total)$6,850.00 $3,596.00 $500.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$7,751,997.00$7,335,740.00$7,051,375.00$7,092,684.00$6,527,765.00
Total assets, beginning of year$7,335,740.00$7,051,375.00$7,092,684.00$6,527,765.00$6,014,874.00
Total liabilities$4,589,249.00$4,183,438.00$3,959,216.00$4,058,348.00$3,500,652.00
Total liabilities, beginning of year$4,183,438.00$3,959,216.00$4,058,348.00$3,500,652.00$3,081,473.00
Unrestricted net assets, end of yr$3,162,748.00$3,152,302.00$3,092,159.00$3,034,336.00$3,027,113.00
Net assets$3,162,748.00$3,152,302.00$3,092,159.00$3,034,336.00$3,027,113.00
Net assets, beginning of year$3,152,302.00$3,092,159.00$3,034,336.00$3,027,113.00$2,933,401.00
Other liabilities   $137,351.00$138,865.00
Other assets$3,263,346.00$2,914,371.00$4,457,149.00 $3,881,312.00
Investments: other securities   $4,012,888.00 
Cash: non-interest bearing$1,377,492.00$1,892,746.00$1,149,088.00$760,627.00$874,947.00
Cash: non-interest bearing, beginning of year$1,892,746.00$1,149,088.00$760,627.00$874,947.00$711,938.00
Other financial variables
Revenue less expenses-$654.00$60,143.00$57,823.00$7,223.00$93,712.00
Advertising (total)$4,587.00 $9,762.00  
Savings & temp cash investment$2,496,460.00$1,272,402.00$833,286.00$1,636,744.00$932,708.00
Accounts receivable, net$13,928.00$16,771.00$30,625.00$7,500.00$18,000.00
Accounts payable & accrued expenses$93,563.00$210,020.00$55,048.00$26,761.00$20,984.00
Secured mortgages and notes payable$4,495,686.00$3,973,418.00$3,904,168.00$3,894,236.00$3,340,803.00
Total net assets or fund balances$3,162,748.00$3,152,302.00$3,092,159.00$3,034,336.00$3,027,113.00
Governance and accountability
Number of voting members1112131512
Number of independent voting members1112131412
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-262017-03-022016-07-132015-02-242014-03-15
IRS schema version2016v3.02015v2.12014v6.02013v4.02012v2.3
Filing identifier201703039349300545201603199349305025201610439349301026201510439349300816201440139349301639
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