2022-11-11T10:15:43-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2523 US HIGHWAY 27 S SEBRING FL 338704926 990 2021-01-01 043597428 KENNEDY MANAGEMENT INC C/O CAMBRIDGE HOUSING AUTHORITY KENN 6175206387 362 GREEN STREET CAMBRIDGE MA 02139 JOHN FILIP CHIEF FINANCIAL OFFICER 6175206387 2022-11-10 1 JOHN FILIP 999009999 KRISTINA HIMROD P01544190 8633851577 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL J JOHNSTON 362 GREEN STREET CAMBRIDGE MA 02139 2721768 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 0 1409699 918089 1271038 1388 768 38028 40263 957505 2721768 0 0 0 0 285742 355928 0 0 0 1348386 1674708 1634128 2030636 -676623 691132 17284854 28227621 17148715 27400350 136139 827271 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 1769244 1311301 AFFORDABLE HOUSING - MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE HOUSING FOR LOW AND MODERATE INCOME PERSONS. 1769244 1 1 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 1 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 1 1 1 1 1 1 0 0 0 MA X JOHN FILIP 6175206387 362 GREEN STREET CAMBRIDGE MA 02139 MICHAEL J JOHNSTON CLERK 1.00 40.00 X X 0 195235 172045 BRENDA SNOWDEN DOWNING DEPUTY EXECUTIVE DIRECTOR 1.00 40.00 X 0 174574 95625 JOHN FILIP CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 180938 36422 MARGARET DONNELLY-MORAN DIRECTOR OF PLANNING & DEVELOPMENT 1.00 40.00 X 0 190834 24082 KEVIN J BRAGA DIRECTOR OF OPERATIONS 1.00 40.00 X 0 157172 51390 HANNAH M BOLCOME DIRECTOR OF LEASED HOUSING 1.00 40.00 X 0 151042 19864 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 0 1049795 399428 0 0 1 0 0 1409699 1379699 1409699 RENTAL INCOME 532000 1259788 1259788 MANAGEMENT FEE INCOME 561000 11250 11250 1271038 768 768 OTHER INCOME 532000 40263 40263 40263 2721768 1311301 0 768 298913 284879 14034 30130 18720 11410 26885 17484 9401 123004 123004 4215 4215 45157 45157 13847 13847 2767 2767 20760 20760 6716 6716 221309 221309 625 625 103652 103652 797852 797852 89978 89978 REPAIRS & MAINTENANCE 155085 155085 PROGRAM EXPENSES 78031 67950 10081 SNOW REMOVAL 190 190 11520 11520 2030636 1769244 261392 0 1370956 1712013 50589 50724 46775 43512 59692 119015 36194739 11610542 14440587 24584197 1316255 1718160 17284854 28227621 320335 2417005 6260 16828380 24977085 17148715 27400350 X 136139 827271 136139 827271 17284854 28227621 691132 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 581791 581791 34051177 11015410 23035767 16562 11025 5537 115209 99314 15895 1430000 484793 945207 24584197 REPLACEMENT RESERVES 586611 OPERATING RESERVE 1046352 REAL ESTATE AND INSURANCE ESCROWS 85197 1718160 DUE TO RELATED PARTIES 24976457 TENANTS SECURITY DEPOSITS 628 24977085 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 FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF DECEMBER 31, 2021. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE CORPORATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS PRECEDING THE YEAR ENDED DECEMBER 31, 2021. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES IMPOSED BY TAXING AUTHORITIES IN OPERATING EXPENSES. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, 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 187605 0 5000 0 2630 0 138468 0 33577 0 367280 0 0 BRENDA SNOWDEN DOWNING DEPUTY EXECUTIVE DIRECTOR 0 166369 0 5000 0 3205 0 60478 0 35147 0 270199 0 0 JOHN FILIP CHIEF FINANCIAL OFFICER 0 170887 0 5000 0 5051 0 20441 0 15981 0 217360 0 0 MARGARET DONNELLY-MORAN DIRECTOR OF PLANNING & DEVELOPMENT 0 180577 0 5000 0 5257 0 21315 0 2767 0 214916 0 0 KEVIN J BRAGA DIRECTOR OF OPERATIONS 0 145715 0 4000 0 7457 0 17802 0 33588 0 208562 0 0 HANNAH M BOLCOME DIRECTOR OF LEASED HOUSING 0 146651 0 3000 0 1391 0 17194 0 2670 0 170906 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. X 1 1379699 APPRAISAL VALUE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE FORM 990 IS PROVIDED TO THE ORGANIZATION'S CLERK AND CFO BEFORE IT IS FILED WITH THE IRS. THE FORM 990 IS REVIEWED BY THE CFO AND ORGANIZATION'S CLERK AND MADE AVAILABLE TO ALL BOARD MEMBERS ALONG WITH THE ANNUAL AUDIT. THE ORGANIZATION'S CLERK WILL AUTHORIZE THE TAX RETURN AND THEN SIGNED BY EITHER THE CLERK OR CFO. 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. 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. 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