COUNCIL OF ELDERS HOUSING CORPORATION II: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
COUNCIL OF ELDERS HOUSING CORPORATION II (EIN 04-2802804)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-14
IRS object ID
202343189349302199
Schema version
2022v5.0
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)
Return2023-11-14T08:30:58-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 EAST PRATT STREET 4TH FLOORAddressLine1Txt
CityBALTIMORECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21202ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042802804EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COUNCIL OF ELDERS HOUSING CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOUNBusinessNameControlTxt
Phone6173632300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE FLORENCE STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02131ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRUDOLPH R RUSSELL JRPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6173632300PhoneNum
Signature2023-10-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRUDOLPHPersonFirstNm
Person LastRUSSELL JRPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPHILIP H CORNBLATT CPAPreparerPersonNm
PTINP00252478PTIN
Phone4107834900PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRUDOLPH R RUSSELL JRPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE FLORENCE STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02131ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$14,070GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ROGERSON.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1980FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,192,421PYProgramServiceRevenueAmt
CY Program Service Revenue$73CYProgramServiceRevenueAmt
PY Investment Income$3,216PYInvestmentIncomeAmt
CY Investment Income$13,997CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,195,637PYTotalRevenueAmt
CY Total Revenue$14,070CYTotalRevenueAmt
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$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,534,346PYOtherExpensesAmt
CY Other Expenses$19,845CYOtherExpensesAmt
PY Total Expenses$2,534,346PYTotalExpensesAmt
CY Total Expenses$19,845CYTotalExpensesAmt
PY Revenues Less Expenses-$338,709PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,775CYRevenuesLessExpensesAmt
Total Assets BOY$7,099,196TotalAssetsBOYAmt
Total Assets EOY$7,180,785TotalAssetsEOYAmt
Total Liabilities BOY$8,625,348TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,712,712TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,526,152NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,531,927NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$6,100ExpenseAmt
Revenue$73RevenueAmt
DescPROVIDED A FACILITY LOCATED IN BOSTON, MASSACHUSETTS WITH 144 LOW-INCOME HOUSING UNITS TO ELDERLY PERSONS WITH FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING.Desc
Total Program Service Expenses$6,100TotalProgramServiceExpensesAmt
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 InvstYes (1)ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
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 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 Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
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
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 Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
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 CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
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 Line1NATALYA LESHCHINERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6174695814PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE FLORENCE STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02131ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHERYL DORSEY
TREASURER0.15Yes (X)Yes (X)$0$0$0
MARIE E COLEMAN
DIRECTOR0.15Yes (X)$0$0$0
MARILYN FLOWERS MARION
ASST. CLERK0.15Yes (X)Yes (X)$0$0$0
NANCY EMERSON-LOMBARDO
CLERK0.15Yes (X)Yes (X)$0$0$0
RUDOLPH R RUSSELL JR
CO-PRESIDENT0.15Yes (X)Yes (X)$0$0$0
VICTORIA WILLIAMS
CO-PRESIDENT0.15Yes (X)Yes (X)$0$0$0
ROYAL L BOLLING JR
DIRECTOR0.15Yes (X)$0$0$0
LOUIS A ELISA II
VICE PRESIDENT0.15Yes (X)Yes (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

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINVESTMENT IN COUNCILDesc
Business623311BusinessCd
Total Revenue Column$73TotalRevenueColumnAmt
Related Or Exempt Func Income$73RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$73TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,997TotalRevenueColumnAmt
Exclusion$13,997ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,070TotalRevenueColumnAmt
Related Or Exempt Func Income$73RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$13,997ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,745TotalAmt
Management And General$13,745ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$264TotalAmt
Program Services$264ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,836TotalAmt
Program Services$5,836ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$19,845TotalAmt
Program Services$6,100ProgramServicesAmt
Management And General$13,745ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$63,804EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$207BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,719LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,719BOYAmt
EOY$14,719EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$6,063,530BOYAmt
EOY$6,063,602EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,020,740BOYAmt
EOY$1,038,660EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,099,196BOYAmt
EOY$7,180,785EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$264,211BOYAmt
EOY$74,765EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$983,960BOYAmt
EOY$943,103EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,377,177BOYAmt
EOY$7,694,844EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,625,348BOYAmt
EOY$8,712,712EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,526,152BOYAmt
EOY-$1,531,927EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,526,152BOYAmt
EOY-$1,531,927EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,099,196BOYAmt
EOY$7,180,785EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,775ReconcilationRevenueExpnssAmt
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 Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,807,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,866,915CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,922,300CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,192,421CurrentTaxYearMinus1YearAmt
Current Tax Year$410CurrentTaxYearAmt
Total$10,789,955TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,807,909CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,866,915CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,922,300CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,192,421CurrentTaxYearMinus1YearAmt
Current Tax Year$410CurrentTaxYearAmt
Total$10,789,955TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$10,789,955PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$48,825CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$66,216CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,216CurrentTaxYearMinus1YearAmt
Current Tax Year$13,997CurrentTaxYearAmt
Total$156,135TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$48,825CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$66,216CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,216CurrentTaxYearMinus1YearAmt
Current Tax Year$13,997CurrentTaxYearAmt
Total$156,135TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,189CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$44CurrentTaxYearMinus3YearsAmt
Total$3,233TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,859,923CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,933,175CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,946,181CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,195,637CurrentTaxYearMinus1YearAmt
Current Tax Year$14,407CurrentTaxYearAmt
Total$10,949,323TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98540PublicSupportCY509Pct
Public Support PY5090.98730PublicSupportPY509Pct
Investment Income CY0.01430InvestmentIncomeCYPct
Investment Income PY0.01220InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationOTHER INCOME - 2018 AMOUNT: $ 3,189. 2019 AMOUNT: $ 44. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,719OtherCostOrOtherBasisAmt
Book Value$14,719BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,719TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescINVESTMENT IN COUNCIL TOWER LIMITED PARTNERSHIPDesc
Book Value$6,063,602BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$6,063,602TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
RESIDUAL RECEIPTS RESERVE$37,069
LOAN ESCROW$956,787
SECURITY DEPOSIT$44,804
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,038,660TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
ACCRUED MIP$44,153
RESIDUAL RECEIPT LIABILITY$15,388
DUE TO COUNCIL TOWER LP$7,592,536
SECURITY DEPOSIT$42,767
FieldValueIRS element (for citing)
Total Liability$7,694,844TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 3COUNCIL OF ELDERS HOUSING CORPORATION ENTERED INTO A PURCHASE AND SALE AGREEMENT ON FEBRUARY 11, 2021 WITH COUNCIL TOWER LIMITED PARTNERSHIP, A RELATED PARTY, WHICH BECAME EFFECTIVE THE DAY COUNCIL TOWER CLOSED ON A HUD INSURED LOAN. CONTEMPORANEOUSLY WITH THE EFFECTIVE DATE OF THE PURCHASE AND SALE AGREEMENT, THE CORPORATION SUBDIVIDED THE LAND INTO TWO PARCELS, LOT A AND LOT B. LOT A CONSISTS OF AN APPROXIMATELY 146,529 SQUARE FOOT PARCEL OF LAND WHICH INCLUDES THE RENTAL PROPERTY OF COUNCIL OF ELDERS HOUSING CORPORATION. LOT B CONSISTS OF AN APPROXIMATELY 65,065 SQUARE FOOT PARCEL OF LAND WHICH WILL REMAIN WITH COUNCIL OF ELDERS HOUSING CORPORATION. ON OCTOBER 21, 2021 COUNCIL TOWER CLOSED ON A HUD INSURED LOAN AND LOT A, INCLUDING THE RENTAL PROPERTY OF COUNCIL OF ELDERS HOUSING CORPORATION WERE CONVEYED TO COUNCIL TOWER.
FORM 990, PART VI, SECTION A, LINE 3THE INDIVIDUALS MANAGING THE ORGANIZATION WORK FOR ROGERSON COMMUNITIES, INC. A TAX EXEMPT MANAGEMENT COMPANY.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE FORM 990 IS REVIEWED AND AUTHORIZED BY A MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE OFFICERS AND DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPRECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST.
FORM 990 PART XII LINE 2CTHE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.

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