2023-11-14T08:30:58-06:00 2022-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-01-01 042802804 COUNCIL OF ELDERS HOUSING CORPORATION COUN 6173632300 ONE FLORENCE STREET BOSTON MA 02131 RUDOLPH R RUSSELL JR PRESIDENT 6173632300 2023-10-18 1 RUDOLPH RUSSELL JR 999009999 1 PHILIP H CORNBLATT CPA P00252478 4107834900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUDOLPH R RUSSELL JR ONE FLORENCE STREET BOSTON MA 02131 14070 0 X WWW.ROGERSON.ORG X 1980 MA TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 8 8 0 0 0 0 0 0 2192421 73 3216 13997 0 0 2195637 14070 0 0 0 0 0 0 0 0 0 2534346 19845 2534346 19845 -338709 -5775 7099196 7180785 8625348 8712712 -1526152 -1531927 X TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 0 1 6100 73 PROVIDED 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. 6100 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X NATALYA LESHCHINER 6174695814 ONE FLORENCE STREET BOSTON MA 02131 X CHERYL DORSEY TREASURER 0.15 X X 0 0 0 MARIE E COLEMAN DIRECTOR 0.15 X 0 0 0 MARILYN FLOWERS MARION ASST. CLERK 0.15 X X 0 0 0 NANCY EMERSON-LOMBARDO CLERK 0.15 X X 0 0 0 RUDOLPH R RUSSELL JR CO-PRESIDENT 0.15 X X 0 0 0 VICTORIA WILLIAMS CO-PRESIDENT 0.15 X X 0 0 0 ROYAL L BOLLING JR DIRECTOR 0.15 X 0 0 0 LOUIS A ELISA II VICE PRESIDENT 0.15 X X 0 0 0 0 0 0 0 0 0 0 0 INVESTMENT IN COUNCIL 623311 73 73 73 13997 13997 14070 73 0 13997 13745 13745 264 264 5836 5836 19845 6100 13745 0 0 63804 207 0 14719 14719 14719 6063530 6063602 1020740 1038660 7099196 7180785 264211 74765 983960 943103 7377177 7694844 8625348 8712712 X -1526152 -1531927 -1526152 -1531927 7099196 7180785 -5775 0 X X 0 0 0 X 2807909 2866915 2922300 2192421 410 10789955 2807909 2866915 2922300 2192421 410 10789955 0 0 0 10789955 48825 66216 23881 3216 13997 156135 48825 66216 23881 3216 13997 156135 3189 44 3233 2859923 2933175 2946181 2195637 14407 10949323 0.98540 0.98730 0.01430 0.01220 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 3,189. 2019 AMOUNT: $ 44. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 14719 14719 14719 INVESTMENT IN COUNCIL TOWER LIMITED PARTNERSHIP 6063602 F 6063602 RESIDUAL RECEIPTS RESERVE 37069 LOAN ESCROW 956787 SECURITY DEPOSIT 44804 1038660 ACCRUED MIP 44153 RESIDUAL RECEIPT LIABILITY 15388 DUE TO COUNCIL TOWER LP 7592536 SECURITY DEPOSIT 42767 7694844 FORM 990, PART III, LINE 3 COUNCIL 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 3 THE INDIVIDUALS MANAGING THE ORGANIZATION WORK FOR ROGERSON COMMUNITIES, INC. A TAX EXEMPT MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B A 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 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE 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 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.