2017-02-27T10:22:41-07:00 2016-05-31 990 2015-06-01 475234687 JONAS REALTY CORP JONA 5087937499 950 Main Street Worcester MA 01610 John Foley President 5087937444 2017-02-27 2015 2021-01-29 14:40:06Z X John Foley 950 Main Street Worcester MA 01610 9470384 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 Alumni and Student Engagement Center. 3 1 0 0 0 0 9470384 0 0 0 0 9470384 0 0 0 0 0 14627 0 14627 0 9455757 0 25259706 0 15803949 0 9455757 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 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 0 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 MA X X James Collins 5087937252 950 Main Street Worcester MA 01610 John Foley President 3 40 X X 0 152129 15332 James Collins Treasurer 0.25 20 X X 0 123551 12610 Gregory Degermajian Clerk 0.25 0 X X 0 0 0 0 275680 27942 0 0 1 0 Consigli Construction Co Inc 110 Front Street Worcester MA 01608 Construction of new building 1418395 Bowditch & Dewey LLP 311 Main Street Worcester MA 01608 Legal 106915 2 0 0 0 9470384 0 0 0 9470384 0 0 0 0 0 0 0 9470384 0 0 0 X 0 6210 6210 8417 8417 0 14627 0 14627 0 3439297 267110 21553299 0 0 21553299 0 25259706 6103949 9700000 0 0 15803949 X 0 9455757 0 0 0 0 0 9455757 0 25259706 9455757 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 the transaction consists of Jonas owning a building that was under construction during the tax year. Upon completion of the building, Jonas will lease the building 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. Schedule A, Part IV, Section E, Line 2a Part IV, Section E, line 2a - Jonas Realty Corporation's only activity was to continue construction of a building that will be leased to Clark University upon completion. Schedule A, Part IV, Section E, Line 2b 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 1544621 1544621 0 0 0 0 0 0 0 0 0 0 0 0 0 20008678 0 20008678 21553299 0 0 0 0 0 0 0 0 0 John Foley President 0 152129 0 0 0 15332 0 0 0 0 0 167461 Form 990, Part VI, Section B, Line 11b 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 Trustee's 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 February 21, 2017. 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 B, Line 13 All policies of Clark University are applicable to Jonas Realty Corp. 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 upon request. Form 990, Part IX, Line 11g Moving expense to move employees to new building 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 0 0 0 0 0 0 0 0 0 0 Trustees of Clark University c 9516583 Value of assets received as a capital contribution. Trustees of Clark University e 9700000 Original principal on four loans. Additional time needed to compile all necessary data to complete an accurate return