KENNEDY MANAGEMENT INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KENNEDY MANAGEMENT INC (EIN 04-3597428)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-08
IRS object ID
202423139349301732
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-08T09:32:54-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14 BATTERYMARCH PARK SUITE 100AddressLine1Txt
CityQUINCYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02169ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043597428EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KENNEDY MANAGEMENT INCBusinessNameLine1Txt
Business Name Line2C/O CAMBRIDGE HOUSING AUTHORITYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlKENNBusinessNameControlTxt
Phone6175206387PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1362 GREEN STREETAddressLine1Txt
CityCAMBRIDGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02139ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN FILIPPersonNm
Person TitleCFOPersonTitleTxt
Phone6175206387PhoneNum
Signature2024-11-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIELLE NIHILLPreparerPersonNm
PTINP01350943PTIN
Phone7819821001PhoneNum
Preparation2024-11-07PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN FILIPPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1362 GREEN STREETAddressLine1Txt
CityCAMBRIDGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02139ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,280,903GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CAMBRIDGE-HOUSING.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO PROVIDE MANAGEMENT AND SUPPORTING SERVICES FOR RELATED LOW-INCOME HOUSING ORGANIZATIONSActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$846,179PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,102,543PYProgramServiceRevenueAmt
CY Program Service Revenue$2,275,526CYProgramServiceRevenueAmt
PY Investment Income$1,603PYInvestmentIncomeAmt
CY Investment Income$5,377CYInvestmentIncomeAmt
PY Other Revenue$49,564PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,999,889PYTotalRevenueAmt
CY Total Revenue$2,280,903CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$460,336PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$481,838CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,173,834PYOtherExpensesAmt
CY Other Expenses$2,998,956CYOtherExpensesAmt
PY Total Expenses$3,634,170PYTotalExpensesAmt
CY Total Expenses$3,480,794CYTotalExpensesAmt
PY Revenues Less Expenses-$634,281PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,199,891CYRevenuesLessExpensesAmt
Total Assets BOY$39,424,800TotalAssetsBOYAmt
Total Assets EOY$49,338,914TotalAssetsEOYAmt
Total Liabilities BOY$39,231,810TotalLiabilitiesBOYAmt
Total Liabilities EOY$50,345,815TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$192,990NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,006,901NetAssetsOrFundBalancesEOYAmt
MissionTHE ORGANIZATION'S MISSION IS TO PROVIDE MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE LOW-INCOME HOUSING UNITS FOR QUALIFYING INDIVIDUALS IN THE CITY OF CAMBRIDGE AND TO PROVIDE LONG-TERM DEVELOPMENT SERVICES FOR SUCH HOUSING UNITS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,771,527ExpenseAmt
Grant$0GrantAmt
Revenue$2,275,526RevenueAmt
DescAFFORDABLE HOUSING - MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE HOUSING FOR LOW AND MODERATE INCOME PERSONS.Desc
Total Program Service Expenses$2,771,527TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOSEPH DIMAMBROBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6175206387PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1362 GREEN STREETAddressLine1Txt
CityCAMBRIDGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02139ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL J JOHNSTON
CLERK1.0040.00Yes (X)Yes (X)$0$264,682$84,196
ELAINE DEROSA
PRESIDENT1.002.00Yes (X)Yes (X)$0$0$0
LOUIS BACCI III
VICE PRESIDENT1.002.00Yes (X)Yes (X)$0$0$0
GERALD J CLARK
TREASURER1.002.00Yes (X)Yes (X)$0$0$0
VICTORIA BERGLAND
DIRECTOR1.002.00Yes (X)$0$0$0
SUSAN T CONNELLY
DIRECTOR1.002.00Yes (X)$0$0$0
BRENDA SNOWDEN DOWNING
DEPUTY EXECUTIVE DIRECTOR1.0040.00Yes (X)$0$249,000$79,192
JOE DIMAMBRO
DEPUTY FISCAL DIRECTOR1.0040.00Yes (X)$0$158,844$58,960
MARGARET DONNELLY-MORAN
DEPUTY EXECUTIVE DIRECTOR OF DEV.1.0040.00Yes (X)$0$271,063$57,213
JOHN FILIP
CHIEF FINANCIAL OFFICER1.0040.00Yes (X)$0$244,764$63,571
KEVIN J BRAGA
DIRECTOR OF OPERATIONS1.0040.00Yes (X)$0$205,595$74,320
JOHN LINDAMOOD
DIRECTOR OF RESIDENT SERVICES1.0040.00Yes (X)$0$184,417$59,203
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,578,365TotReportableCompRltdOrgAmt
Total Other Compensation$476,655TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
COLANTONIO INC
16 EVERETT STREETHOLLISTONMA01746CONSTRUCTION$2,894,406
HMFH ARCHITECTS
130 BISHOP ALLEN DRIVECAMBRIDGEMA02139ARCHITECTS$711,526
SENIOR LIVING RESIDENCES LLC
45 BRAINTREE HILL OFFICE PK 306BRAINTREEMA02184PROPERTY MANAGEMENT$235,744
J&T CONTRACTING
41 MORSE AVENUEATTLEBOROMA02703CLEANING$179,911
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME532000$2,236,084$2,236,084
TENTANT REVENUE - OTHE532000$39,442$39,442
FieldValueIRS element (for citing)
Total Program Service Revenue$2,275,526TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,377TotalRevenueColumnAmt
Exclusion$5,377ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,280,903TotalRevenueColumnAmt
Related Or Exempt Func Income$2,275,526RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,377ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$410,830TotalAmt
Program Services$272,637ProgramServicesAmt
Management And General$138,193ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$71,008TotalAmt
Program Services$20,527ProgramServicesAmt
Management And General$50,481ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$171,597TotalAmt
Management And General$171,597ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,930TotalAmt
Management And General$1,930ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$96,857TotalAmt
Management And General$96,857ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$92,720TotalAmt
Management And General$92,720ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,659TotalAmt
Management And General$2,659ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$48,953TotalAmt
Management And General$48,953ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$25,433TotalAmt
Management And General$25,433ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$680,975TotalAmt
Program Services$680,975ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$410,255TotalAmt
Program Services$410,255ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,104,659TotalAmt
Program Services$1,104,659ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$159,087TotalAmt
Program Services$157,407ProgramServicesAmt
Management And General$1,680ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
TENANT SERVICES$125,067$125,067
TAXES & PAYMENTS IN LIE$55,460$55,460
MISCELLANEOUS$23,304$23,304

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,480,794TotalAmt
Program Services$2,771,527ProgramServicesAmt
Management And General$709,267ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,224,937BOYAmt
EOY$2,655,278EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$50,826BOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$78,668BOYAmt
EOY$79,226EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$123,988BOYAmt
EOY$144,175EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$36,633,890LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,689,716LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$23,931,703BOYAmt
EOY$22,944,174EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$13,014,678BOYAmt
EOY$23,516,061EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$39,424,800BOYAmt
EOY$49,338,914EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$647,408BOYAmt
EOY$4,250,123EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,375BOYAmt
EOY$24,071EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$26,805,096BOYAmt
EOY$33,927,280EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,766,931BOYAmt
EOY$12,144,341EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,231,810BOYAmt
EOY$50,345,815EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$192,990BOYAmt
EOY-$1,006,901EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$192,990BOYAmt
EOY-$1,006,901EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$39,424,800BOYAmt
EOY$49,338,914EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,199,891ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CAMBRIDGE HOUSING AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN046002081EIN
Organization Type6OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported OrgYes (1)MajorityDirTrstSupportedOrgInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,430,000OtherCostOrOtherBasisAmt
Book Value$1,430,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$32,880,061OtherCostOrOtherBasisAmt
Depreciation$12,786,050DepreciationAmt
Book Value$20,094,011BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,562OtherCostOrOtherBasisAmt
Depreciation$16,562DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,307,267OtherCostOrOtherBasisAmt
Depreciation$887,104DepreciationAmt
Book Value$1,420,163BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$22,944,174TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (7 entries)

DescDescBook ValueBookValueAmt
REPLACEMENT RESERVES$446,732
OPERATING RESERVE$906,409
REAL ESTATE AND INSURANCE ESCROWS$91,622
GROUND LEASE, NET$453,972
OPERATING LEASE ROU ASSET$8,801,670
CONSTRUCTION IN PROGRESS$12,811,343
RELATED PARTY$4,313
FieldValueIRS element (for citing)
Total Book Value Other Assets$23,516,061TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO RELATED PARTIES$203,361
ACCRUED INTEREST PAYABLE$2,520,133
OPERATING LEASE LIABILITY$9,420,847
FieldValueIRS element (for citing)
Total Liability$12,144,341TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationMANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF DECEMBER 31, 2023. THE CORPORATIONS INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS PRECEDING THE YEAR ENDED DECEMBER 31, 2023. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES IMPOSED BY TAXING AUTHORITIES IN OPERATING EXPENSES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE CORPORATION RECOGNIZED NO INTEREST OR PENALTIES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL J JOHNSTON
CLERK$0$262,296$0$0$0$2,386$0$58,187$0$26,009$0$348,878$0$0
MARGARET DONNELLY-MORAN
DEPUTY EXECUTIVE DIRECTOR OF DEV.$0$259,063$0$12,000$0$0$0$56,323$0$890$0$328,276$0$0
BRENDA SNOWDEN DOWNING
DEPUTY EXECUTIVE DIRECTOR$0$237,000$0$12,000$0$0$0$53,183$0$26,009$0$328,192$0$0
JOHN FILIP
CHIEF FINANCIAL OFFICER$0$236,764$0$8,000$0$0$0$52,277$0$11,294$0$308,335$0$0
KEVIN J BRAGA
DIRECTOR OF OPERATIONS$0$197,595$0$8,000$0$0$0$44,275$0$30,045$0$279,915$0$0
JOHN LINDAMOOD
DIRECTOR OF RESIDENT SERVICES$0$176,417$0$8,000$0$0$0$39,331$0$19,872$0$243,620$0$0
JOE DIMAMBRO
DEPUTY FISCAL DIRECTOR$0$153,844$0$5,000$0$0$0$34,746$0$24,214$0$217,804$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE BOARD OF CAMBRIDGE HOUSING AUTHORITY (CHA), A RELATED ORGANIZATION, APPOINTS A CLERK WHO USES A DILIGENT REVIEW PROCESS TO DETERMINE COMPENSATION OF OFFICERS AND TOP MANAGEMENT. THE COMPENSATION PROCESS INCLUDES A REVIEW OF MARKET RATES AND PASSED AFTER A REVIEW BY THE BOARD. THE COMPENSATION CONTRACT IS KEPT CURRENT BY THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT. COMPENSATION IS ONLY RECEIVED BY CHA ACTIVITIES. NO COMPENSATION IS PAID DIRECTLY FROM KENNEDY MANAGEMENT, INC.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE COMPLETE FORM 990 IS REVIEWED BY THE CLERK AND THE CFO OF THE ORGANIZATION WHO ARE AUTHORIZED SIGNERS OF THE ORGANIZATION. COPIES ARE MADE AVAILABLE TO THE BOARD UPON REQUEST.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED VIA EMPLOYEE HANDBOOK THAT IS UPDATED AND DISTRIBUTED AS CHANGES ARE MADE IN WHICH EACH EMPLOYEE RECEIVES A COPY. BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT MAY RISE TO CONFLICTS OF INTEREST. COMPLIANCE WITH THE POLICY IS OVERSEEN BY THE EXECUTIVE DIRECTOR AND HUMAN RESOURCE DIRECTOR.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION COMMISSIONS AN INDEPENDENT COMPENSATION STUDY FROM AN OUTSIDE THIRD PARTY.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
INTERNAL REVENUE CODE SECTION 168(H)(6) ELECTIONTHE ORGANIZATION OWNS/CONTROLS 116 NORFOLK STREET APARTMENTS MANAGER, LLC WHICH IS A CORPORATION THAT HAS MADE AN ELECTION IN ACCORDANCE WITH CODE SECTION 168(H)(6)(F)(II), TO BE TREATED AS OTHER THAN A TAX-EXEMPT CONTROLLED ENTITY FOR PURPOSES OF USING THE ALTERNATIVE DEPRECIATION SYSTEM FOR CERTAIN PROPERTY SPECIFIED IN SECTION 168 (G)(2). THIS PROPERTY INCLUDES RESIDENTIAL RENTAL PROPERTY SPECIFIED IN SECTION 168 (G)(2). THIS PROPERTY INCLUDES RESIDENTIAL RENTAL PROPERTY WHICH THE ENTITY WILL BE DEPRECIATING OVER A RECOVERY PERIOD OF 27.5 YEARS. KENNEDY MANAGEMENT, INC. ELECTS TO TREAT THE GAIN FROM ANY DISPOSITION OF ITS OWNERSHIP INTERESTS (AND ANY DIVIDEND RECEIVED OR ACCRUED FROM THE CONTROLLED ENTITY) AS UNRELATED BUISNESS TAXABLE INCOME FOR PURPOSES OF CODE SECTION 511 OF THE INTERNAL REVENUE CODE.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEINEIN
116 NORFOLK APARTMENTS MANAGER LLC
362 GREEN STREETCAMBRIDGEMA02139PROPERTY MANAGEMENTMA$0$0KENNEDY MANAGEMENT INC
LANCASTER STREET APARTMENTS LLC
362 GREEN STREETCAMBRIDGEMA02139PROPERTY MANAGEMENTMA$0$0KENNEDY MANAGEMENT INC
FUND 2009 JFK HOLDINGS LLC
362 GREEN STREETCAMBRIDGEMA02139AFFORDABLE HOUSINGMA$0$0KENNEDY MANAGEMENT INC202059742
116 NORFOLK APARTMENTS LLC
362 GREEN STREETCAMBRIDGEMA02139AFFORDABLE HOUSINGMA$0$0KENNEDY MANAGEMENT INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CAMBRIDGE HOUSING AUTHORITY
362 GREEN STREETCAMBRIDGEMA02139046002081AFFORDABLE HOUSINGMAGOVERNMENTN/A0
CAMBRIDGE AFFORDABLE HOUSING CORP
362 GREEN STREETCAMBRIDGEMA02139223026442AFFORDABLE HOUSINGMA501(C)(3)0LINE 10CAMBRIDGE HOUSING AUTHORITY
ESSEX STREET MANAGEMENT INC
362 GREEN STREETCAMBRIDGEMA02139043534715AFFORDABLE HOUSINGMA501(C)(3)0LINE 10CAMBRIDGE HOUSING AUTHORITY
RESIDENT SERVICES EMPOWERMENT INC
362 GREEN STREETCAMBRIDGEMA02139832304984EDUCATION AND EMPOWERMENTMA501(C)(3)0LINE 12A, ICAMBRIDGE HOUSING AUTHORITY

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1JOHN F KENNEDY APARTMENTS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1362 GREEN STREETAddressLine1Txt
CityCAMBRIDGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02139ZIPCd
FieldValueIRS element (for citing)
EIN201467300EIN
Primary ActivitiesAFFORDABLE HOUSINGPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1KENNEDY MANAGEMENT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeRELATEDPredominantIncomeTypeTxt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing PartnerYes (1)GeneralOrManagingPartnerInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CAMBRIDGE HOUSING AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeETransactionTypeTxt
Involved$9,713,799InvolvedAmt
Method Of Amount DeterminationOUTSTANDING PRINCIPALMethodOfAmountDeterminationTxt

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