2024-11-08T09:32:54-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 043597428 KENNEDY MANAGEMENT INC C/O CAMBRIDGE HOUSING AUTHORITY KENN 6175206387 362 GREEN STREET CAMBRIDGE MA 02139 JOHN FILIP CFO 6175206387 2024-11-07 1 0 DANIELLE NIHILL P01350943 7819821001 2024-11-07 2023 2024-10-15 13:58:12Z JOHN FILIP 362 GREEN STREET CAMBRIDGE MA 02139 2280903 0 X WWW.CAMBRIDGE-HOUSING.ORG X 2001 MA TO PROVIDE MANAGEMENT AND SUPPORTING SERVICES FOR RELATED LOW-INCOME HOUSING ORGANIZATIONS 6 5 0 5 0 0 846179 0 2102543 2275526 1603 5377 49564 0 2999889 2280903 0 0 0 0 460336 481838 0 0 0 3173834 2998956 3634170 3480794 -634281 -1199891 39424800 49338914 39231810 50345815 192990 -1006901 THE 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. 0 0 2771527 0 2275526 AFFORDABLE HOUSING - MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE HOUSING FOR LOW AND MODERATE INCOME PERSONS. 2771527 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JOSEPH DIMAMBRO 6175206387 362 GREEN STREET CAMBRIDGE MA 02139 MICHAEL J JOHNSTON CLERK 1.00 40.00 X X 0 264682 84196 ELAINE DEROSA PRESIDENT 1.00 2.00 X X 0 0 0 LOUIS BACCI III VICE PRESIDENT 1.00 2.00 X X 0 0 0 GERALD J CLARK TREASURER 1.00 2.00 X X 0 0 0 VICTORIA BERGLAND DIRECTOR 1.00 2.00 X 0 0 0 SUSAN T CONNELLY DIRECTOR 1.00 2.00 X 0 0 0 BRENDA SNOWDEN DOWNING DEPUTY EXECUTIVE DIRECTOR 1.00 40.00 X 0 249000 79192 JOE DIMAMBRO DEPUTY FISCAL DIRECTOR 1.00 40.00 X 0 158844 58960 MARGARET DONNELLY-MORAN DEPUTY EXECUTIVE DIRECTOR OF DEV. 1.00 40.00 X 0 271063 57213 JOHN FILIP CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 244764 63571 KEVIN J BRAGA DIRECTOR OF OPERATIONS 1.00 40.00 X 0 205595 74320 JOHN LINDAMOOD DIRECTOR OF RESIDENT SERVICES 1.00 40.00 X 0 184417 59203 0 1578365 476655 0 0 1 0 COLANTONIO INC 16 EVERETT STREET HOLLISTON MA 01746 CONSTRUCTION 2894406 HMFH ARCHITECTS 130 BISHOP ALLEN DRIVE CAMBRIDGE MA 02139 ARCHITECTS 711526 SENIOR LIVING RESIDENCES LLC 45 BRAINTREE HILL OFFICE PK 306 BRAINTREE MA 02184 PROPERTY MANAGEMENT 235744 J&T CONTRACTING 41 MORSE AVENUE ATTLEBORO MA 02703 CLEANING 179911 4 RENTAL INCOME 532000 2236084 2236084 TENTANT REVENUE - OTHE 532000 39442 39442 2275526 5377 5377 2280903 2275526 0 5377 410830 272637 138193 71008 20527 50481 171597 171597 1930 1930 96857 96857 92720 92720 2659 2659 48953 48953 25433 25433 680975 680975 410255 410255 1104659 1104659 159087 157407 1680 TENANT SERVICES 125067 125067 TAXES & PAYMENTS IN LIE 55460 55460 MISCELLANEOUS 23304 23304 3480794 2771527 709267 0 2224937 2655278 50826 78668 79226 123988 144175 36633890 13689716 23931703 22944174 13014678 23516061 39424800 49338914 647408 4250123 12375 24071 26805096 33927280 11766931 12144341 39231810 50345815 X 192990 -1006901 192990 -1006901 39424800 49338914 -1199891 0 X 0 1 X 1 0 X X 1 CAMBRIDGE HOUSING AUTHORITY 046002081 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1430000 1430000 32880061 12786050 20094011 16562 16562 0 2307267 887104 1420163 22944174 REPLACEMENT RESERVES 446732 OPERATING RESERVE 906409 REAL ESTATE AND INSURANCE ESCROWS 91622 GROUND LEASE, NET 453972 OPERATING LEASE ROU ASSET 8801670 CONSTRUCTION IN PROGRESS 12811343 RELATED PARTY 4313 23516061 DUE TO RELATED PARTIES 203361 ACCRUED INTEREST PAYABLE 2520133 OPERATING LEASE LIABILITY 9420847 12144341 X PART X, LINE 2: MANAGEMENT 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. 0 0 0 0 0 0 0 0 0 MICHAEL J JOHNSTON CLERK 0 262296 0 0 0 2386 0 58187 0 26009 0 348878 0 0 MARGARET DONNELLY-MORAN DEPUTY EXECUTIVE DIRECTOR OF DEV. 0 259063 0 12000 0 0 0 56323 0 890 0 328276 0 0 BRENDA SNOWDEN DOWNING DEPUTY EXECUTIVE DIRECTOR 0 237000 0 12000 0 0 0 53183 0 26009 0 328192 0 0 JOHN FILIP CHIEF FINANCIAL OFFICER 0 236764 0 8000 0 0 0 52277 0 11294 0 308335 0 0 KEVIN J BRAGA DIRECTOR OF OPERATIONS 0 197595 0 8000 0 0 0 44275 0 30045 0 279915 0 0 JOHN LINDAMOOD DIRECTOR OF RESIDENT SERVICES 0 176417 0 8000 0 0 0 39331 0 19872 0 243620 0 0 JOE DIMAMBRO DEPUTY FISCAL DIRECTOR 0 153844 0 5000 0 0 0 34746 0 24214 0 217804 0 0 PART I, LINE 3 THE 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. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C THE 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 15 THE ORGANIZATION COMMISSIONS AN INDEPENDENT COMPENSATION STUDY FROM AN OUTSIDE THIRD PARTY. 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. INTERNAL REVENUE CODE SECTION 168(H)(6) ELECTION THE 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. 116 NORFOLK APARTMENTS MANAGER LLC 362 GREEN STREET CAMBRIDGE MA 02139 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC LANCASTER STREET APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC FUND 2009 JFK HOLDINGS LLC 362 GREEN STREET CAMBRIDGE MA 02139 202059742 AFFORDABLE HOUSING MA 0 0 KENNEDY MANAGEMENT INC 116 NORFOLK APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 0 0 KENNEDY MANAGEMENT INC CAMBRIDGE HOUSING AUTHORITY 362 GREEN STREET CAMBRIDGE MA 02139 046002081 AFFORDABLE HOUSING MA GOVERNMENT N/A 0 CAMBRIDGE AFFORDABLE HOUSING CORP 362 GREEN STREET CAMBRIDGE MA 02139 223026442 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 CAMBRIDGE HOUSING AUTHORITY 0 ESSEX STREET MANAGEMENT INC 362 GREEN STREET CAMBRIDGE MA 02139 043534715 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 CAMBRIDGE HOUSING AUTHORITY 0 RESIDENT SERVICES EMPOWERMENT INC 362 GREEN STREET CAMBRIDGE MA 02139 832304984 EDUCATION AND EMPOWERMENT MA 501(C)(3) LINE 12A, I CAMBRIDGE HOUSING AUTHORITY 0 JOHN F KENNEDY APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 201467300 AFFORDABLE HOUSING MA KENNEDY MANAGEMENT INC RELATED 0 1 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 CAMBRIDGE HOUSING AUTHORITY E 9713799 OUTSTANDING PRINCIPAL