2020-06-03T12:03:14-05:00 2019-12-31 043097400 KEVIN P MARTIN & ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2019-01-01 042707590 HANOVER LEGION ELDERLY HOUSING CORPORATION HANO 7818490011 CO CORCORAN MGMT 100 GRANDVIEW RD BRAINTREE MA 02184 THOMAS BAILEY PRESIDENT 7818490011 2020-06-01 1 ALISON JOHNSON CPA P01526964 7813803520 2020-06-01 70.91.219.129 2020-06-01 13:51:57 ED P CB723D511B4361143C95584A8FE9F03509BC83C0 CB723D511B4361143C95584A8FE9F03509BC83C0 2019 2021-01-29 14:40:06Z THOMAS BAILEY C/O CORCORAN MGMT 100 GRANDVIEW RD BRAINTREE MA 02184 1086168 0 X N/A X 1979 MA THE ORGANIZATION'S MISSION IS TO PROVIDE SIXTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. 5 5 0 0 0 0 750857 758440 301283 307094 13857 14198 4695 6436 1070692 1086168 0 0 0 0 0 0 0 0 0 954553 1005410 954553 1005410 116139 80758 2470483 2482523 3204039 3135321 -733556 -652798 THE ORGANIZATION'S MISSION IS TO PROVIDE SIXTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. 0 0 927816 313530 THE ORGANIZATION PROVIDES HOUSING FOR ELDERLY OR HANDICAPPED PERSONS WITH LOW INCOME TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. 927816 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X CORCORAN MANAGEMENT 7818490011 100 GRANDVIEW ROAD SUITE 207 BRAINTREE MA 02184 X THOMAS BAILEY PRESIDENT 1.00 X X 0 0 0 DOROTHY QUINN CLERK 1.00 X X 0 0 0 DONNA D'AMORE HANNIGAN DIRECTOR 1.00 X 0 0 0 CHUCK MERRITT DIRECTOR 1.00 X 0 0 0 JOE SALVUCCI DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 CORCORAN MANAGEMENT COMPANY 100 GRANDVIEW ROAD SUITE 207 BRAINTREE MA 02184 MANAGEMENT SERVICES 267358 1 758440 758440 RENT INCOME TENANTS 531110 307094 307094 307094 14198 14198 LAUNDRY INCOME 531110 3590 3590 COMCAST REVENUE 531110 2052 2052 TENANT CHARGES 531110 508 508 286 286 6436 1086168 313530 0 14198 X 43100 43100 27230 27230 224258 224258 628 628 25748 18484 7264 610960 610960 72490 72490 LOSS DUE TO RECAPTURE 330 330 666 666 1005410 927816 77594 0 190469 111045 15384 17812 18078 4104236 2393528 1646829 1710708 615373 627308 2470483 2482523 158180 134798 486 1598 26252 26633 3002691 2955795 16430 16497 3204039 3135321 X -733556 -652798 -733556 -652798 2470483 2482523 80758 0 X 0 1 X 1 1 1 X 585784 626637 732523 750857 758440 3454241 585784 626637 732523 750857 758440 3454241 3454241 1058 13337 6881 13857 14198 49331 5341 5635 10252 4695 6436 32359 3535931 1535147 0.97690 0.97970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2015 AMOUNT: $ 3,369. 2016 AMOUNT: $ 3,600. 2017 AMOUNT: $ 3,951. 2018 AMOUNT: $ 3,661. 2019 AMOUNT: $ 3,590. TENANT CHARGES - 2016 AMOUNT: $ 159. 2017 AMOUNT: $ 940. 2018 AMOUNT: $ 175. 2019 AMOUNT: $ 508. COMCAST REVENUE - 2015 AMOUNT: $ 1,972. 2018 AMOUNT: $ 480. 2019 AMOUNT: $ 2,052. MISCELLANEOUS - 2016 AMOUNT: $ 1,876. 2017 AMOUNT: $ 5,361. 2018 AMOUNT: $ 379. 2019 AMOUNT: $ 286. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 445971 445971 3602744 2359457 1243287 43271 21821 21450 12250 12250 0 1710708 TAX AND INSURANCE ESCROW 133244 RESERVE FOR REPLACEMENT 451703 TENANT SECURITY DEPOSITS 26653 RESIDUAL RECEIPTS RESERVE 15708 627308 EXCESS PROJECT FUNDS 708 ACCRUED INTEREST PAYABLE 15789 16497 1086168 0 1086168 0 1086168 1005410 0 1005410 0 1005410 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS OF 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. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION INCURRED A MANAGEMENT FEE OF $43,100 FOR THE YEAR ENDED DECEMBER 31, 2019, DUE TO CORCORAN MANAGEMENT COMPANY. THE MANAGEMENT FEE IS EQUAL TO 4% OF EFFECTIVE RENTAL REVENUE. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY MASSHOUSING, THE CORPORATION OR CORCORAN MANAGEMENT COMPANY. 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 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 224,258. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 224,258.