2019-04-01T13:24:39-07:00 2018-05-31 990 2017-06-01 475234687 JONAS REALTY CORP JONA 5087937499 950 Main Street Worcester MA 01610 John Foley President 5087937444 2019-04-01 140.232.210.32 2017 2019-02-21 02:37:17Z John Foley 950 Main Street Worcester MA 01610 452776 0 X X 2015 MA In November of 2015, Clark University established Jonas Realty Corporation, a Massachusetts not-for-profit organization, to support and operate for the benefit of Clark University. Jonas Realty Corporation is a 501 (c)(3) as a functionally integrated supporting organization of Clark University to hold and manage the land and building of the Shaich Family Alumni and Student Engagement Center. 3 1 0 0 0 0 4317664 80000 0 0 0 0 310476 372776 4628140 452776 0 0 0 0 0 0 0 0 0 442061 734119 442061 734119 4186079 -281343 23184275 22941091 9542439 9580598 13641836 13360493 In November of 2015, Clark University established Jonas Realty Corporation, a Massachusetts not-for-profit organization, to support and operate for the benefit of Clark University. Jonas Realty Corporation is a 501 (c)(3) as a functionally integrated supporting organization of Clark University to hold and manage the land and building of the Shaich Family Alumni and Student Engagement Center. 0 0 0 0 0 No Program Service Expenses. 0 0 0 No Program Service Expenses. 0 0 0 No Program Service Expenses. 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X James Collins 5087937252 950 Main Street Worcester MA 01610 James Collins Treasurer 0.25 20 X X 0 127434 9060 Gregory Degermajian Clerk 0.25 0 X X 0 0 0 John Foley President 1.00 40 X X 0 165404 16608 0 292838 25668 2 0 1 0 Consigli Construction Co Inc 110 Front Street Worcester MA 01608 Construction of new building 1487054 1 0 0 0 80000 0 0 0 80000 0 372776 0 0 0 372776 0 372776 372776 0 0 0 0 0 0 452776 372776 0 0 50000 50000 31835 31835 72750 72750 569534 569534 Ground Lease Payment 10000 0 10000 0 734119 0 734119 0 71515 88424 167476 358758 23289772 795863 22945284 22493909 23184275 22941091 51145 51146 9491294 9529452 0 9542439 9580598 X 13641836 13360493 0 0 0 0 13641836 13360493 23184275 22941091 -281343 0 0 0 0 0 X 0 1 X 1 0 X X X 1 Clark University 042111203 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 Schedule A, Part IV, Section D, Line 3 Jonas Realty Corp. was created in connection with a New Market Tax Credit transaction. The nature of this transaction consists of Jonas owning a newly constructed building that is leased to the Trustees of Clark University as the sole tenant. The duration of the lease period is for 35 years. Jonas' assets are related to the New Market Tax Credit transaction and Jonas' income for the tax year consisted of capital contributions from Clark and rental payments from Clark. Schedule A, Part IV, Section E, Line 2a Jonas Realty Corporation's only activity was to finish construction of a building. The building is complete and is now being leased to the Trustees of Clark University. Schedule A, Part IV, Section E, Line 2b Clark University would have completed the construction of the building for its sole purposes if Jonas Realty Corporation did not exist. 0 3142962 3142962 0 17741459 555328 17186131 0 0 0 0 0 0 0 0 0 2405351 240535 2164816 22493909 0 0 0 0 0 0 0 0 0 John Foley President 0 165404 0 0 0 16321 0 0 0 287 0 182012 0 0 John Foley Officer and Trustee of Jonas Realty Corp; Officer of Trustees of Clark University 182000 Jonas Realty Corp leases 939 Main Street to related organization Trustees of Clark University of which John Foley is an Officer 0 James Collins Officer and Trustee of Jonas Realty Corp; Chief Investment Officer of Trustees of Clark University 182000 Jonas Realty Corp leases 939 Main Street to related organization Trustees of Clark University of which James Collins is Chief Investment Officer 0 Form 990, Part VI, Section B, Line 11b Jonas Realty Corp is a Type III functionally integrated supporting organization of Clark University. Clark's Board of Trustees Audit Committee reviews Jonas' Form 990 responses. In addition, a draft of the Form 990 is posted on the Clark Board of Trustees web page and each member is notified of the opportunity to review before submission. Final authorization to submit was granted by Jonas Realty Corp Board on XXXXXXXXXXXXX. Form 990, Part VI, Section B, Line 12c Each Director is required to complete annually a conflict of interest disclosure form. These are reviewed by the Executive Vice President of Clark University. Form 990, Part VI, Section C, Line 19 Jonas Realty Corp's governing documents including the Articles of Organization are available through the Massachusetts Secretary of State's office. The financial statements are available through Guidestar and the Clark University website. The conflict of interest policy is available on request. Trustees of Clark University 950 Main Street Worcester MA 01610 042111203 higher education MA 501(c)(3) school N/A 0 0 0 1 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 Trustees of Clark University c 80000 Value of assets received as a capital contribution Trustees of Clark University e 9700000 Original principal on 4 loans Trustees of Clark University j 182000 Negotiated rate deemed fair value Schedule R, Part V, Line 1m Clark performed accounting services for Jonas Realty Corporation. The amount of the transaction is below the threshold for reporting on line 2. In order to file a complete and accurate return Jonas Realty Corp needed time to gather all the necessary information.