2019-11-05T13:04:31-06:00 2018-12-31 043097400 KEVIN P MARTIN ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2018-01-01 042944144 HOUSING CORPORATION OF ARLINGTON HOUS 7818595294 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 THOMAS NEE PRESIDENT 7818595294 2019-10-17 1 JOLANTA TUCK CPA P01340068 7813803520 2019-10-17 70.91.219.129 2019-10-17 09:50:24 ED P D3B801030BFEB0406CB9160AD948ED3FDE4B8125 998CA6B53565BAA369034A5D283D257FCC86B360 2018 2020-03-31 21:24:44Z THOMAS NEE 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 1525296 0 X WWW.HOUSINGCORPARLINGTON.ORG X 1986 MA THE HOUSING CORPORATION OF ARLINGTON PROVIDES AND ADVOCATES FOR DECENT, AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES AND INDIVIDUALS IN ARLINGTON AND SURROUNDING COMMUNITIES, WHILE PROMOTING SOCIAL AND ECONOMIC DIVERSITY. 14 14 7 156 0 0 395393 547258 872548 882012 2067 3891 76144 84290 1346152 1517451 20658 11288 0 0 341800 335596 0 0 49405 1107628 1189894 1470086 1536778 -123934 -19327 17259710 19156452 17962683 19878752 -702973 -722300 TO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE INCOME MEMBERS OF SOCIETY. 0 0 1375012 974147 THE AFFORDABLE HOUSING PROGRAM PROVIDED APARTMENTS AT RENTAL LEVELSBELOW MARKET RATES. THE PROGRAM WAS PROVIDED THROUGH 61 RENTAL UNITSOWNED BY HCA. THIS PROGRAM INCLUDES BOTH DIRECT RENTAL PROPERTY COSTSIN ADDITION TO STAFF TIME AND BACK OFFICE COSTS OF HOUSING CORPORATIONOF ARLINGTON THAT WERE ATTRIBUTABLE TO THE OVERALL AFFORDABLE HOUSINGPROGRAM. 11288 11288 IN 2018, THE HOMELESS PREVENTION PROGRAM PROVIDED GRANTS TOHOUSEHOLDS ON THE VERGE OF BECOMING HOMELESS. THEMAJORITY OF THESE GRANTS WERE USED FOR MOVING EXPENSES, RENT, ANDSECURITY DEPOSITS. THE PROGRAM ALSO ASSISTS INDIVIDUALS IN FINDINGAFFORDABLE UNITS IN ARLINGTON, ESPECIALLY ADVOCATING FOR TENANTS WITHTHE ARLINGTON HOUSING AUTHORITY. 1386300 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 24 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MAURA RYAN 7818595294 252 MASSACHUSETTS AVE ARLINGTON MA 02474 THOMAS NEE PRESIDENT 2.00 1.00 X X 0 0 0 JONATHAN WALLACH TREASURER 2.00 1.00 X X 0 0 0 DEIRDRE WESTCOTT CLERK 2.00 X X 0 0 0 JILLIAN FLYNN DIRECTOR 2.00 X 0 0 0 RICH BERTOLUCCI DIRECTOR 2.00 X 0 0 0 ABHIDNYA KURVE DIRECTOR 2.00 X 0 0 0 JOHN COOPER DIRECTOR 2.00 X 0 0 0 MATTHEW PIERCE DIRECTOR 2.00 X 0 0 0 MARESHIA DONALD DIRECTOR 2.00 X 0 0 0 ALEX HASSINGER DIRECTOR 2.00 X 0 0 0 NEAL MONGOLD DIRECTOR 2.00 1.00 X 0 0 0 MARY-ANNE MORRISON DIRECTOR 2.00 X 0 0 0 BRIAN SMITH DIRECTOR 2.00 X 0 0 0 FRANCIS TADLEY DIRECTOR 2.00 X 0 0 0 PAMELA HALLETT EXECUTIVE DIRECTOR 45.00 1.00 X 111275 0 10243 111275 0 10243 1 0 0 0 PRINCIPAL BUILDERSLLC 1 WESTINGHOUSE PLAZA BOSTON MA 02136 GENERAL CONTRACTOR 598603 LOUGH CONSTRUCTION RAY BURNS 16 MELTON ROAD BOSTON MA 02135 HVAC 154025 2 24221 227673 295364 547258 RENTAL INCOME 531120 863762 863762 PROJECT REIMBURSEMENTS 531390 18250 18250 882012 3891 3891 0 24221 7845 -7845 -7845 MISCELLANEOUS INCOME 531110 92135 92135 92135 1517451 974147 0 -3954 11288 11288 121518 98565 10389 12564 186178 153185 14043 18950 12467 8532 2428 1507 15433 10494 3087 1852 42607 42607 16263 16263 35398 12774 22624 39462 8467 26612 4383 2990 1702 698 590 22755 18130 2549 2076 632837 628665 3777 395 711 251 457 3 375236 366046 9190 BAD DEBT 5448 5448 16187 3883 5219 7085 1536778 1386300 101073 49405 284340 498520 103005 92857 150308 86075 32492 25441 23187299 4831767 12113501 18355532 4576064 98027 17259710 19156452 216834 1069881 54020 49349 17691829 18759522 17962683 19878752 X -702973 -752300 30000 -702973 -722300 17259710 19156452 -19327 0 X 0 1 X 1 1 1 X 323445 337060 643588 395393 547258 2246744 323445 337060 643588 395393 547258 2246744 68025 2178719 310 258 877 2067 3891 7403 118 1153 92175 84980 92135 270561 2524708 4457395 0.86300 0.90460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2348615 2348615 20608043 4801216 15806827 137851 20674 117177 92790 9877 82913 18355532 PART IV, LINE 2B: HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WTIH TENANT RENTAL AGREEMENTS. WALK FOR AFFORDABLE HOUSING 24221 24221 250 272 1635 5688 6 24221 24221 250 272 1635 5688 7845 -7845 1 HOMELESS PREVENTION PROGRAM 11 11288 0 N/A PART I, LINE 2: THE HOMELESSNESS PREVENTION PROGRAM WAS CREATED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO ARLINGTON RESIDENTS FACING EVICTION DUE TO AN UNEXPECTED CRISIS. THE PROGRAM PROVIDES GRANTS TO ASSIST WITH BACK RENT, AN UNEXPECTED CRISIS OR SECURITY DEPOSITS. GRANTS ARE CAPPED AT $1,500 AND ARE GIVEN ONLY IN CASES IN WHICH THE ASSISTANCE WILL STABILIZE HOUSING FOR A RESIDENT FOR AT LEAST A SIX MONTH PERIOD. FORMAL PROGRAM GUIDELINES SET FORTH ELIGIBLE COSTS, INCOME LIMITS OF APPLICANTS, AND FUNDING LIMITS. THE PROGRAM IS ADMINISTERED BY HCA. A COMMITTEE COMPOSED OF THREE MEMBERS CHOSEN FROM THE TOWN OF ARLINGTON COUNCIL ON AGING, A COMMUNITY APPOINTEE AND BOARD MEMBER REVIEW ALL APPLICANTS AND MAKE A RECOMMENDATION FOR GRANTS. MANAGEMENT OF HCA MAKES THE FINAL FUNDING DECISIONS. FORM 990, PART VI, SECTION A, LINE 3 THE AGENCY HAS AN AGREEMENT WITH MALONEY PROPERTIES, INC. (MALONEY), AN UNRELATED ENTITY TO CARRY ON THE DAY-TO-DAY OPERATIONS OF THE PROJECTS. MALONEY RECEIVES A MANAGEMENT FEE OF 5% HCA'S RENTAL UNITS' GROSS RENTS, AS DEFINED IN THE AGREEMENT. THE AGENCY INCURRED MANAGEMENT FEES UNDER THESE AGREEMENTS TOTALING $42,607 FOR 2018. FORM 990, PART VI, SECTION B, LINE 11B HCA'S EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990. ONCE APPROVED BY THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HCA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO SIMILAR ORGANIZATIONS AND REASONABLE FOR THE DUTIES BEING PERFORMED. THE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. APPROXIMATELY NINETY (90) DAYS AFTER A TOP MANAGEMENT OFFICIAL BEGINS EMPLOYMENT WITH HCA, THE EXECUTIVE COMMITTEE WILL COMPLETE A PERFORMANCE EVALUATION. THEREAFTER, A PERFORMANCE EVALUATION IS GENERALLY HELD ANNUALLY IN THE TOP MANAGEMENT OFFICIAL'S ANNIVERSARY MONTH. IF A SALARY ACTION IS APPROPRIATE BASED UPON THE PERFORMANCE EVALUATION, IT WILL GENERALLY OCCUR AT THE SAME TIME THE ANNUAL PERFORMANCE EVALUATION IS COMPLETED. APPROXIMATELY NINETY (90) DAYS AFTER AN EMPLOYEE BEGINS EMPLOYMENT WITH HCA, THE IMMEDIATE SUPERVISOR WILL COMPLETE A PERFORMANCE EVALUATION IN CONSULTATION WITH THE EXECUTIVE DIRECTOR. THEREAFTER, A PERFORMANCE EVALUATION IS GENERALLY HELD ANNUALLY IN THE EMPLOYEE'S ANNIVERSARY MONTH. IF A SALARY ACTION IS APPROPRIATE BASED UPON THE EMPLOYEE'S PERFORMANCE EVALUATION, IT WILL GENERALLY OCCUR AT THE SAME TIME OF THE EMPLOYEE'S ANNUAL PERFORMANCE EVALUATION IS COMPLETED. FORM 990, PART VI, SECTION C, LINE 18 HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST. ACADEMY DEVELOPMENT PARTNERS INC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 371654418 AFFORDABLE HOUSING MA 501(C)(3) LINE 7 HOUSING CORPORATION OF ARLINGTON 1 HCA CAPITOL SQUARE APARTMENTS LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 460615711 RENTAL REAL ESTATE MA N/A 252 258-260 MASS AVE LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 800898408 RENTAL REAL ESTATE MA HOUSING CORPORATION OF ARLINGTON C 0.79000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0