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Recent Cherrytree Blog Posts
2024 Year in Review: A Year of Community Impact and Growth
Guided by the vision and leadership of our founder, Warren Kirshenbaum, Cherrytree Group celebrated its 13th year with incredible achievements in tax credit equity, community initiatives, and professional milestones. This year reinforced our mission of making a meaningful difference in the lives of our clients and the communities we [...]
ESG Tax Credit Funds: a Sustainable Advantage
In recent years, there has been growing recognition within the business community of the importance of Environmental, Social, and Governance (ESG) initiatives. Companies are increasingly incorporating ESG considerations into their long-term strategies: not only to be a responsible member of a worldwide sustainability movement but also to enhance future [...]
Recollections from 2023
The Cherrytree Group continues to expand its influence — both in the Northeast as well as nationwide. Led by our founder and sage, Warren Kirshenbaum, The Cherrytree Group successfully ended its 13th year: increasing our fund capabilities and welcoming a range of new clients and projects. Here’s a quick [...]
Life is bigger than the game
By Warren Kirshenbaum When asked about the horrific on-field cardiac arrest suffered by Buffalo Bills player Damar Hamlin earlier this month, New England Patriots coach Bill Belichick pointed out that while football coaches and their players have a natural tendency to overly focus on the X’s and O’s — [...]
Cherrytree’s Melina Ambrosino to Head Real Estate Group
At 35 years of age, Melina Ambrosino has scaled some remarkable heights. After graduating from college — and lacking any ties or connections in the real estate or financial services fields — she rose in 10 years to become president of Newton-based tax advisory firm Cherrytree Group. This past month [...]
Year in Review: 2022
The Cherrytree Group Each year brings new sunshine and a few storms, and 2022 was no different. Our experiences from year to year can vary but the challenge is always the same: how prepared are we to navigate these unexpected storms? And what can we build during the moments [...]
White Papers
Solar Investment Tax Credits
Overview A Federal Tax Credit, which is known as an investment tax credit or ITC, is described in Internal Revenue Code (“IRC”) Sec 38 (the General Business Credit). IRC Section 38 provides for several different ITC’s, such as the low-income housing tax credit, the historic rehabilitation tax credit, and [...]
Explanation on Opportunity Zones and Tax Credits
Within the Tax Cuts and Jobs Act of 2017 1 (the “Tax Reform Legislation”), was a provision that initially did not generate much interest and excitement, but it may be one of the most significant tax reform codifications that we have seen in decades. The Tax Reform Legislation established [...]
Development of Brownfield Sites
by Warren Kirshenbaum The idea of taking on a brownfield site for redevelopment can be intimidating, especially for developers who don't have experience remediating contaminated land. However, the term "brownfield" when describing a property does not need to conjure up the daunting image of a Superfund level cleanup. There [...]
How Opportunity Zones Can Aid in the Remediation of Brownfields Properties
By Warren A. Kirshenbaum Terms such as “Opportunity Zones” and “Brownfields” do not easily roll off the tongue, but they are our “terms of art” for programs with enormous potential: allowing real estate development and investment professionals to turn challenging building projects into very successful accomplishments. There is some [...]
Tax Credits as a Planning Tool
By Warren A. Kirshenbaum April 25, 2017 Background: The tax filing deadline for 2016 has passed, and with it any opportunity to minimize tax obligations for 2016, but now is the time when businesses and their principals should begin to consider – and to plan for – their 2017 [...]
In The News
Reimagining Brownfields for a Sustainable Future
Published in Digital Journal The highly anticipated 2023 Northeast Sustainable Communities Workshop (NSCW) hosted by the Brownfield Coalition of the Northeast (BCONE), is set to gather environmental experts, consultants, developers, attorneys, academics, and real estate professionals for two impactful days of inspiration and innovation. This premier regional brownfield conference is [...]
Adding Tax Incentives and Credits to Your CPA Practice, Even if You’re Not an Expert
Published by Inside Public Accounting, August 25, 2023 By Warren Kirshenbaum As CPA firms try to reimagine their businesses by offering services that extend beyond traditional tax returns and assurance work, the combined effects of an ongoing labor shortage and a lack of expertise can often hold them back. That’s [...]
Meet the New BCONE Board Leadership Team
Led by Ambrosino, They’re Hitting The Ground Running Three women are now the highest-level leaders of the BCONE Executive Team ready to tackle 2023 with vision, execution, and results -- all with an emphasis on networking and education. By Steve Dwyer To Melina Ambrosino, the newly elected [...]
Cherrytree’s President Interviewed for CCIM
New England Chapter, Certified Commercial Investment Members Michael Chase of the New England Chapter of CCIM interviews Cherrytree’s Melina Ambrosino about opportunities for developers to take advantage of state and Federal tax credit programs to reduce project costs. Commercial developers can use the credits for themselves — or, [...]
Green Energy Credits are Currently a Tax Shelter for Wall Street Banks
The Epoch Times, August 12, 2022 Updated: August 15, 2022 By Autumn Spredemann Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet substantial profits are ending up in the pockets of the corporate banking industry. As of last year, the [...]
Cherrytree Group celebrates Ambrosino’s 10 year anniversary in tax credit analysis and procurement
New England Real Estate Journal Spotlights, Oct 29, 2021 by Warren Kirshenbaum After 10 years in business, the Cherrytree Group has been fortunate to have been able to grow to a level of strength and stability: recently surpassing $100 million in tax credits placed on behalf its clients. It’s a [...]