BRIGHTON ALLSTON ELDERLY HOMES INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BRIGHTON ALLSTON ELDERLY HOMES INC (EIN 04-2679926)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-09-24
IRS object ID: 202142679349301109
Schema version: 2020v4.1
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-09-24T13:36:29-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	043097400	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KEVIN P MARTIN & ASSOCIATES PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	10 FORBES ROAD	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042679926	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRIGHTON ALLSTON ELDERLY HOMES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BRIG	BusinessNameControlTxt
Phone	7818490011	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	CO CORCORAN MGMT 100 GRANDVIEW RD	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KAREN SMITH	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	7818490011	PhoneNum
Signature	2021-08-02	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	KAREN	PersonFirstNm
Person Last	SMITH	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOLANTA TUCK CPA	PreparerPersonNm
PTIN	P01340068	PTIN
Phone	7813803520	PhoneNum
Preparation	2021-08-02	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	KAREN SMITH	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	59 ALDIE ST	AddressLine1Txt
City	ALLSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02134	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,027,816	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1978	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	THE ORGANIZATION'S MISSION IS TO PROVIDE EIGHTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS, TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,692,226	PYContributionsGrantsAmt
CY Contributions Grants	$1,721,598	CYContributionsGrantsAmt
PY Program Service Revenue	$296,194	PYProgramServiceRevenueAmt
CY Program Service Revenue	$298,284	CYProgramServiceRevenueAmt
PY Investment Income	$2,431	PYInvestmentIncomeAmt
CY Investment Income	$2,544	CYInvestmentIncomeAmt
PY Other Revenue	$7,696	PYOtherRevenueAmt
CY Other Revenue	$5,390	CYOtherRevenueAmt
PY Total Revenue	$1,998,547	PYTotalRevenueAmt
CY Total Revenue	$2,027,816	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,632,170	PYOtherExpensesAmt
CY Other Expenses	$1,668,873	CYOtherExpensesAmt
PY Total Expenses	$1,632,170	PYTotalExpensesAmt
CY Total Expenses	$1,668,873	CYTotalExpensesAmt
PY Revenues Less Expenses	$366,377	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$358,943	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,351,432	TotalAssetsBOYAmt
Total Assets EOY	$22,124,990	TotalAssetsEOYAmt
Total Liabilities BOY	$2,892,311	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$21,306,926	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$459,121	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$818,064	NetAssetsOrFundBalancesEOYAmt
Mission	THE ORGANIZATION'S MISSION IS TO PROVIDE EIGHTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS, TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,517,267	ExpenseAmt
Revenue	$303,674	RevenueAmt
Desc	PROVIDED EIGHTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.	Desc
Total Program Service Expenses	$1,517,267	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CORCORAN MANAGEMENT CO INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7818490014	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 GRANDVIEW ROAD SUITE 207	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
KAREN SMITH
PRESIDENT	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROBERT MARSHALL
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
JAMES GIBBONS
CLERK	1.00	Yes (X)	Yes (X)	$0	$0	$0
WILLIAM CORRIGAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JANE MCHALE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MARY DOLAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
DAVID MCNAIR
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MILLIE HOLLUM-MCLAUGHLIN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ANTHONY D'ISIDORO
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ELLEN SCOFIELD
DIRECTOR	1.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CORCORAN MANAGEMENT COMPANY	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 GRANDVIEW ROAD SUITE 207	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Field	Value	IRS element (for citing)
Services	MANAGEMENT & BOOKKEEPING SERVICES	ServicesDesc
Compensation	$394,685	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,721,598	GovernmentGrantsAmt
Total Contributions	$1,721,598	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	TENANT RENTAL INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$298,284	TotalRevenueColumnAmt
Related Or Exempt Func Income	$298,284	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$298,284	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,544	TotalRevenueColumnAmt
Exclusion	$2,544	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	LAUNDRY & OTHER INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$5,032	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,032	RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$358	TotalRevenueColumnAmt
Related Or Exempt Func Income	$358	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$5,390	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,027,816	TotalRevenueColumnAmt
Related Or Exempt Func Income	$303,674	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,544	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$135,935	TotalAmt
Program Services	$20,592	ProgramServicesAmt
Management And General	$115,343	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$354	TotalAmt
Management And General	$354	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$21,315	TotalAmt
Management And General	$21,315	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$279,342	TotalAmt
Program Services	$279,342	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$414	TotalAmt
Program Services	$414	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$103,755	TotalAmt
Program Services	$89,161	ProgramServicesAmt
Management And General	$14,594	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$935,388	TotalAmt
Program Services	$935,388	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$192,370	TotalAmt
Program Services	$192,370	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,668,873	TotalAmt
Program Services	$1,517,267	ProgramServicesAmt
Management And General	$151,606	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$499,286	BOYAmt
EOY	$18,725,276	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$373	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$58,029	BOYAmt
EOY	$106,981	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$5,442,710	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,862,097	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,498,299	BOYAmt
EOY	$1,580,613	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,295,445	BOYAmt
EOY	$1,712,120	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,351,432	BOYAmt
EOY	$22,124,990	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$309,182	BOYAmt
EOY	$267,581	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$3,935	BOYAmt
EOY	$8,169	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$22,202	BOYAmt
EOY	$21,313	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$2,556,915	BOYAmt
EOY	$21,009,786	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$77	BOYAmt
EOY	$77	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,892,311	BOYAmt
EOY	$21,306,926	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$459,121	BOYAmt
EOY	$818,064	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$459,121	BOYAmt
EOY	$818,064	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,351,432	BOYAmt
EOY	$22,124,990	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$358,943	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,208,040	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,596,040	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,663,543	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,692,226	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,721,598	CurrentTaxYearAmt
Total	$7,881,447	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$448,474	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$358,717	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$263,395	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$296,194	CurrentTaxYearMinus1YearAmt
Current Tax Year	$298,284	CurrentTaxYearAmt
Total	$1,665,064	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,656,514	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,954,757	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,926,938	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,988,420	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,019,882	CurrentTaxYearAmt
Total	$9,546,511	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$9,546,511	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$516	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$541	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,644	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,431	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,544	CurrentTaxYearAmt
Total	$7,676	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$516	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$541	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,644	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,431	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,544	CurrentTaxYearAmt
Total	$7,676	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,496	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$14,325	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$8,074	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,696	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,390	CurrentTaxYearAmt
Total	$41,981	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,663,526	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,969,623	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,936,656	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,998,547	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,027,816	CurrentTaxYearAmt
Total	$9,596,168	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99480	PublicSupportCY509Pct
Public Support PY509	0.99160	PublicSupportPY509Pct
Investment Income CY	0.00080	InvestmentIncomeCYPct
Investment Income PY	0.00060	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	LAUNDRY INCOME - 2016 AMOUNT: $ 6,478. 2017 AMOUNT: $ 5,974. 2018 AMOUNT: $ 5,527. 2019 AMOUNT: $ 5,832. 2020 AMOUNT: $ 5,032. OTHER INCOME - 2016 AMOUNT: $ 18. 2017 AMOUNT: $ 8,351. 2018 AMOUNT: $ 2,547. 2019 AMOUNT: $ 1,864. 2020 AMOUNT: $ 358.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$256,321	OtherCostOrOtherBasisAmt
Book Value	$256,321	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,345,131	OtherCostOrOtherBasisAmt
Depreciation	$3,348,945	DepreciationAmt
Book Value	$996,186	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$64,763	OtherCostOrOtherBasisAmt
Depreciation	$34,404	DepreciationAmt
Book Value	$30,359	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$776,495	OtherCostOrOtherBasisAmt
Depreciation	$478,748	DepreciationAmt
Book Value	$297,747	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,580,613	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (6 entries)

DescDesc	Book ValueBookValueAmt
TAX AND INSURANCE ESCROW	$256,577
RESERVE FOR REPLACEMENT	$931,202
TENANT SECURITY DEPOSIT ESCROW	$23,813
SPECIAL DEVELOPMENT ESCROW	$44,508
MORTGAGE INSURANCE PREMIUM ESCROW	$13,973
ESCROW RESERVE	$442,047

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,712,120	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	RESIDUAL RECEIPTS PAYABLE	Desc
Amt	$77	Amt

Field	Value	IRS element (for citing)
Total Liability	$77	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$2,057,300	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$29,484	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$29,484	RevenueNotReportedAmt
Revenue Subtotal	$2,027,816	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,027,816	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,698,357	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$29,484	DonatedServicesUseFcltsAmt
Expenses Not Reported	$29,484	ExpensesNotReportedAmt
Expenses Subtotal	$1,668,873	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,668,873	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART IV, LINE 2B:	FormAndLineReferenceDesc
Explanation	THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	THE CORPORATION INCURRED A MANAGEMENT FEE OF $111,503, FOR THE YEAR ENDED DECEMBER 31, 2020 DUE TO CORCORAN MANAGEMENT COMPANY. THE MANAGEMENT FEE IS EQUAL TO 5.5% OF TOTAL GROSS COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR CORCORAN MANAGEMENT COMPANY. AS APPROVED BY HUD, ADDITIONAL MANAGEMENT FEES WERE INCURRED PER THE BETTER BUILDING CHALLENGE PROGRAM, EFFECTIVE JUNE 2014. THE ADDITIONAL FEES ARE EQUAL TO $4 PER UNIT PER MONTH. DURING THE YEAR ENDED DECEMBER 31, 2020, ADDITIONAL MANAGEMENT FEES OF $3,840 WERE INCURRED AND PAID.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT BEFORE IT IS SIGNED.
FORM 990, PART VI, SECTION C, LINE 18	UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE FORM 990 ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT CURRENTLY HAVE WRITTEN POLICIES RELATED TO CONFLICTS OF INTEREST, WHISTLEBLOWER PROTECTION OR DOCUMENT RETENTION AND DESTRUCTION.
FORM 990, PART IX, LINE 11G	MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 279,342. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 279,342.