HOUSING CORPORATION OF ARLINGTON: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HOUSING CORPORATION OF ARLINGTON (EIN 04-2944144)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202423209349302402
Schema version
2023v5.1
Note
A later return for the same period supersedes this one.
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)
Return2024-11-15T06:52:08-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042944144EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOUSING CORPORATION OF ARLINGTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOUSBusinessNameControlTxt
Phone7818595294PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1252 MASSACHUSETTS AVEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02474ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERICA SCHWARZPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7818595294PhoneNum
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJUSTIN K LEROUX CPAPreparerPersonNm
PTINP01722988PTIN
Phone5083669100PhoneNum
Preparation2024-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTHOMAS NEEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1252 MASSACHUSETTS AVEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02474ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$840,033GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOUSINGCORPARLINGTON.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE HOUSING CORPORATION OF ARLINGTON PROVIDES AFFORDABLE, STABLE HOUSING AND EMPOWERS RESIDENTS IN ORDER TO BUILD A SUPPORTIVE AND EQUITABLE COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,765,246PYContributionsGrantsAmt
CY Contributions Grants$793,017CYContributionsGrantsAmt
PY Program Service Revenue$1,113,221PYProgramServiceRevenueAmt
CY Program Service Revenue$46,600CYProgramServiceRevenueAmt
PY Investment Income$4,331PYInvestmentIncomeAmt
CY Investment Income$1CYInvestmentIncomeAmt
PY Other Revenue$172,955PYOtherRevenueAmt
CY Other Revenue$415CYOtherRevenueAmt
PY Total Revenue$5,055,753PYTotalRevenueAmt
CY Total Revenue$840,033CYTotalRevenueAmt
PY Grants And Similar Paid$81,502PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$114,761CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$392,187PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$409,845CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$5,151,319PYOtherExpensesAmt
CY Other Expenses$376,673CYOtherExpensesAmt
PY Total Expenses$5,625,008PYTotalExpensesAmt
CY Total Expenses$901,279CYTotalExpensesAmt
PY Revenues Less Expenses-$569,255PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$61,246CYRevenuesLessExpensesAmt
Total Assets BOY$21,110,462TotalAssetsBOYAmt
Total Assets EOY$10,765,439TotalAssetsEOYAmt
Total Liabilities BOY$22,220,285TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,355,617TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,109,823NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,409,822NetAssetsOrFundBalancesEOYAmt
MissionTO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE INCOME MEMBERS OF SOCIETY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Revenue$47,015RevenueAmt
DescTHE AFFORDABLE HOUSING PROGRAM PROVIDED APARTMENTS AT RENTAL LEVELS BELOW MARKET RATES. THE RENTAL PROGRAM INCLUDES 150 AFFORDABLE APARTMENTS OWNED BY HCA. THIS PROGRAM INCLUDES BOTH DIRECT RENTAL PROPERTY COSTS IN ADDITION TO STAFF TIME AND BACK OFFICE COSTS OF HOUSING CORPORATION OF ARLINGTON THAT WERE ATRRIBUTABLE TO THE OVERALL AFFORDABLE HOUSING PROGRAM.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$739,950ExpenseAmt
Grant$114,761GrantAmt
DescIN 2023 THE SOCIAL SERVICES PROGRAM INCLUDED HCA'S HOMELESSNESS PREVENTION PROGRAM (HPP) AMONG OTHER EFFORTS. HPP PROVIDES EMERGENCY GRANTS TO HOUSEHOLDS AT RISK OF HOMELESSNESS. GRANTS ARE USED FOR BACK RENT, SECURITY DEPOSIT, OR MOVING EXPENSES. THE SOCIAL SERVICES PROGRAM ALSO ASSISTS HOUSEHOLDS IN FINDING AFFORDABLE APARTMENTS, AND IN ACCESSING OTHER SERVICES TO SUPPORT FAMILY AND HOUSEHOLD STABILITY.THE SOCIAL SERVICES PROGRAM ALSO INCLUDES CIVIC ENGAGEMENT OF LOW-INCOME TENANTS ON ISSUES THAT IMPACT THEM, INCLUDING THROUGH THE HCA TENANT COUNCIL AND OPPORTUNITIES TO ADVOCATE FOR HOUSING RELATED ISSUES AT THE LOCAL AND STATE LEVEL.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$739,950TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
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 IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
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 EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
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 BodyYes (1)Form990ProvidedToGvrnBodyInd
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 Line1TAKA MASHOKOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7818595294PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1252 MASSACHUSETTS AVENUEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02474ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
THOMAS NEE
PRESIDENT3.001.00Yes (X)Yes (X)$0$0$0
NEAL MONGOLD
VICE PRESIDENT2.001.00Yes (X)Yes (X)$0$0$0
JONATHAN WALLACH
TREASURER3.001.00Yes (X)Yes (X)$0$0$0
DEIRDRE WESTCOTT
CLERK3.00Yes (X)Yes (X)$0$0$0
MAKEELIA PARKER
DIRECTOR2.00Yes (X)$0$0$0
JOHN COOPER
DIRECTOR2.00Yes (X)$0$0$0
KINJAL SINGH
DIRECTOR2.00Yes (X)$0$0$0
JILLIAN STANDISH
DIRECTOR (AS OF 10/23)2.00Yes (X)$0$0$0
LAURA WIENER
DIRECTOR2.00Yes (X)$0$0$0
MATTHEW PIERCE
DIRECTOR2.00Yes (X)$0$0$0
FRANCIS TADLEY
DIRECTOR (UNTIL 10/23)2.00Yes (X)$0$0$0
TINA ANDERSON
DIRECTOR (AS OF 10/23)2.00Yes (X)$0$0$0
ELENA ARRENDOL
DIRECTOR (AS OF 10/23)2.00Yes (X)$0$0$0
DANIELLE CHERY
DIRECTOR2.00Yes (X)$0$0$0
KEN GARDEN
DIRECTOR (AS OF 10/23)2.00Yes (X)$0$0$0
ERICA SCHWARZ
EXECUTIVE DIRECTOR40.001.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$316,331GovernmentGrantsAmt
All Other Contributions$476,686AllOtherContributionsAmt
Noncash Contributions$50NoncashContributionsAmt
Total Contributions$793,017TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MANAGEMENT FEES531390$38,077$38,077
RENTAL INCOME531120$8,523$8,523
FieldValueIRS element (for citing)
Total Program Service Revenue$46,600TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1TotalRevenueColumnAmt
Exclusion$1ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business531110BusinessCd
Total Revenue Column$415TotalRevenueColumnAmt
Related Or Exempt Func Income$415RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$415OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$840,033TotalRevenueColumnAmt
Related Or Exempt Func Income$47,015RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$114,761TotalAmt
Program Services$114,761ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$357,504TotalAmt
Program Services$357,504ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$22,322TotalAmt
Program Services$22,322ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$30,019TotalAmt
Program Services$30,019ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$9,792TotalAmt
Management And General$9,792ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$121,605TotalAmt
Management And General$121,605ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,333TotalAmt
Program Services$23,333ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$42,020TotalAmt
Program Services$13,069ProgramServicesAmt
Management And General$28,951ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$16,546TotalAmt
Program Services$16,546ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$105,767TotalAmt
Program Services$105,767ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,200TotalAmt
Program Services$1,219ProgramServicesAmt
Management And General$981ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,405TotalAmt
Program Services$3,405ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
MISCELLANEOUS$45,373$45,373
STAFF DEVELOPMENT$6,632$6,632

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$901,279TotalAmt
Program Services$739,950ProgramServicesAmt
Management And General$161,329ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$706,194BOYAmt
EOY$206,814EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,349BOYAmt
EOY$1,187EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$505,079EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$39,461BOYAmt
EOY$14,740EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$153,458LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$93,665LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,946,911BOYAmt
EOY$59,793EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,407,547BOYAmt
EOY$9,977,826EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$21,110,462BOYAmt
EOY$10,765,439EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$508,659BOYAmt
EOY$261,565EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$57,887BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$20,553,739BOYAmt
EOY$5,387,736EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,100,000BOYAmt
EOY$706,316EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22,220,285BOYAmt
EOY$6,355,617EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,109,823BOYAmt
EOY$4,409,822EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,109,823BOYAmt
EOY$4,409,822EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$21,110,462BOYAmt
EOY$10,765,439EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$61,246ReconcilationRevenueExpnssAmt
Prior Period Adjustments$5,580,891PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$515,791CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,319,941CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$579,947CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,765,246CurrentTaxYearMinus1YearAmt
Current Tax Year$793,017CurrentTaxYearAmt
Total$6,973,942TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$515,791CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,319,941CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$579,947CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,765,246CurrentTaxYearMinus1YearAmt
Current Tax Year$793,017CurrentTaxYearAmt
Total$6,973,942TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$6,973,942PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,864CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,272CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$80CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,331CurrentTaxYearMinus1YearAmt
Current Tax Year$1CurrentTaxYearAmt
Total$10,548TotalAmt
FieldValueIRS element (for citing)
Total Support$6,984,490TotalSupportAmt
Gross Receipts Rltd Activities$5,085,249GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99850PublicSupportCY170Pct
Public Support PY1700.99790PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$137,851OtherCostOrOtherBasisAmt
Depreciation$84,859DepreciationAmt
Book Value$52,992BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,607OtherCostOrOtherBasisAmt
Depreciation$8,806DepreciationAmt
Book Value$6,801BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$59,793TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
DUE FROM AFFILIATES$2,896,741
PROJECTS UNDER DEVELOPMENT$3,972,918
LOAN LOSS PROVISION$3,108,167
FieldValueIRS element (for citing)
Total Book Value Other Assets$9,977,826TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
CONDITIONAL GRANT ADVANCE$600,000
LINES OF CREDIT$24,519
DUE TO AFFILIATES$81,797
FieldValueIRS element (for citing)
Total Liability$706,316TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WTIH TENANT RENTAL AGREEMENTS.
PART X, LINE 2:THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2023. HOWEVER, THE AGENCY IS SUBJECT TO AUDIT BY TAX AUTHORITIES.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeHOMELESS PREVENTION PROGRAMGrantTypeTxt
Recipient0RecipientCnt
Cash Grant$114,761CashGrantAmt
Non Cash AssistanceN/ANonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE HOMELESSNESS PREVENTION PROGRAM WAS CREATED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO ARLINGTON RESIDENTS FACING POSSIBLE HOMELESSNESS. THE PROGRAM PROVIDES GRANTS TO ASSIST WITH BACK RENT, AN UNEXPECTED CRISIS OR SECURITY DEPOSITS. GRANTS ARE CAPPED AT $2,500 AND ARE GIVEN ONLY IN CASES IN WHICH THE ASSISTANCE WILL STABILIZE HOUSING FOR A RESIDENT FOR AT LEAST A SIX MONTH PERIOD. FORMAL PROGRAM GUIDELINES SET FORTH ELIGIBLE COSTS, INCOME LIMITS OF APPLICANTS, AND FUNDING LIMITS. THE PROGRAM IS ADMINISTERED BY HCA. A COMMITTEE COMPOSED OF THREE ARLINGTON COMMUNITY MEMBERS CHOSEN DUE TO THEIR RELEVANT KNOWLEDGE OR EXPERIENCE MAKE A RECOMMENDATION FOR GRANTS. MANAGEMENT OF HCA MAKES THE FINAL FUNDING DECISIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE AGENCY HAS AN AGREEMENT WITH PEABODY PROPERTIES, INC. (PEABODY), AN UNRELATED ENTITY TO CARRY ON THE DAY-TO-DAY OPERATIONS OF THE PROJECTS. PEABODY RECEIVES A MANAGEMENT FEE OF 5% HCA'S RENTAL UNITS' GROSS RENTS, AS DEFINED IN THE AGREEMENT.
FORM 990, PART VI, SECTION B, LINE 11BHCA'S EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT OF THE FORM 990. ONCE APPROVED BY THE EXECUTIVE DIRECTOR AND TREASURER A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CHCA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO SIMILAR ORGANIZATIONS AND REASONABLE FOR THE DUTIES BEING PERFORMED. THE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. APPROXIMATELY NINETY (90) DAYS AFTER A TOP MANAGEMENT OFFICIAL BEGINS EMPLOYMENT WITH HCA, THE EXECUTIVE COMMITTEE WILL COMPLETE A PERFORMANCE EVALUATION. THEREAFTER, A PERFORMANCE EVALUATION IS GENERALLY HELD ANNUALLY IN THE TOP MANAGEMENT OFFICIAL'S ANNIVERSARY MONTH. IF A SALARY ACTION IS APPROPRIATE BASED UPON THE PERFORMANCE EVALUATION, IT WILL GENERALLY OCCUR AT THE SAME TIME THE ANNUAL PERFORMANCE EVALUATION IS COMPLETED. APPROXIMATELY NINETY (90) DAYS AFTER AN EMPLOYEE BEGINS EMPLOYMENT WITH HCA, THE IMMEDIATE SUPERVISOR WILL COMPLETE A PERFORMANCE EVALUATION IN CONSULTATION WITH THE EXECUTIVE DIRECTOR. THEREAFTER, A PERFORMANCE EVALUATION IS GENERALLY HELD ANNUALLY IN THE EMPLOYEE'S ANNIVERSARY MONTH. IF A SALARY ACTION IS APPROPRIATE BASED UPON THE EMPLOYEE'S PERFORMANCE EVALUATION, IT WILL GENERALLY OCCUR AT THE SAME TIME OF THE EMPLOYEE'S ANNUAL PERFORMANCE EVALUATION IS COMPLETED.
FORM 990, PART VI, SECTION C, LINE 18HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1HOLY SAGE KRP LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1252 MASSACHUSETTS AVENUEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02474ZIPCd
FieldValueIRS element (for citing)
EIN843912985EIN
Primary ActivitiesAFFORDABLE HOUSINGPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1HOUSING CORPORATION OF ARLINGTONBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ACADEMY DEVELOPMENT PARTNERS INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1252 MASSACHUSETTS AVENUEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02474ZIPCd
FieldValueIRS element (for citing)
EIN371654418EIN
Primary ActivitiesAFFORDABLE HOUSINGPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1HOUSING CORPORATION OF ARLINGTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
HCA CAPITOL SQUARE APARTMENTS LLC
252 MASSACHUSETTS AVENUEARLINGTONMA02474460615711RENTAL REAL ESTATEMAN/A00
DSBI LLC
252 MASSACHUSETTS AVENUEARLINGTONMA02474843968780RENTAL REAL ESTATEMAN/A00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
252 258-260 MASS AVE LLC
252 MASSACHUSETTS AVENUEARLINGTONMA02474800898408RENTAL REAL ESTATEMAHOUSING CORPORATION OF ARLINGTONC-$1,5630.79000Yes (1)
DSBI MANAGER LLC
252 MASSACHUSETTS AVENUEARLINGTONMA02474872035443RENTAL REAL ESTATEMAHOUSING CORPORATION OF ARLINGTONC0.79000Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
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 Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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