2017-10-06T09:51:50-05:00 2016-12-31 043097400 KEVIN P MARTIN ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2016-01-01 042944144 HOUSING CORPORATION OF ARLINGTON HOUS 7818595294 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 THOMAS NEE PRESIDENT 7818595294 2017-09-29 1 JOLANTA TUCK CPA P01340068 7813803520 2017-09-29 72.93.210.10 2017-09-29 12:56:22 ED P 45AFA9F1D46E8A2FFBEE4E182E18055CAF562FFB 2BEFDC6BDC96FAE587A5D8EE1472B3DB0E40ACA5 2016 2021-01-29 14:40:06Z X THOMAS NEE 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 1671556 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. 13 13 5 27 0 0 337060 643588 936963 934916 258 877 -3349 83933 1270932 1663314 23753 27470 0 0 265349 313798 0 0 70242 1224654 1217013 1513756 1558281 -242824 105033 15148694 17183989 15832766 17763028 -684072 -579039 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 1393526 17717 1027091 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. 9753 9753 IN 2016, THE HOMELESS PREVENTION PROGRAM PROVIDED GRANTS TOAPPROXIMATELY 9 HOUSEHOLDS 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. 1403279 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 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 20 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X PAMELA HALLETT 7818595294 252 MASSACHUSETTS AVE ARLINGTON MA 02474 THOMAS NEE PRESIDENT 2.00 1.00 X X 0 0 0 JONATHAN WALLACH TREASURER 2.00 X X 0 0 0 DEIRDRE WESTCOTT CLERK 2.00 X X 0 0 0 PAMELA BALDWIN DIRECTOR 2.00 1.00 X 0 0 0 RICH BERTOLUCCI DIRECTOR 2.00 X 0 0 0 JANET BLODGETT DIRECTOR 2.00 X 0 0 0 JACK COOPER DIRECTOR 2.00 X 0 0 0 MARC DOHAN DIRECTOR 2.00 1.00 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 MARY LOU VEST DIRECTOR 2.00 X 0 0 0 PAMELA HALLETT EXECUTIVE DIRECTOR 39.00 1.00 X 103198 0 8906 103198 0 8906 1 0 0 0 TONY & SON GENERAL CONTRACTOR 70 SHURTLEFF ST REVERE MA 02151 GENERAL CONTRACTOR 485531 1 20466 303700 319422 643588 RENTAL INCOME 531120 858370 858370 PROJECT REIMBURSEMENTS 531390 76546 76546 934916 877 877 0 20466 8242 -8242 -8242 MISCELLANEOUS INCOME 531110 92175 92175 92175 1663314 1027091 0 -7365 27470 27470 112103 75307 16306 20490 175559 132863 8306 34390 11298 3647 6038 1613 14838 9826 1222 3790 50449 50449 6539 6539 31614 8854 22760 25197 6082 17437 1678 2408 696 34 1678 18655 16417 803 1435 609239 601990 4268 2981 1121 157 594 370 400936 398642 2294 ACQUISITION COSTS 47370 47370 BAD DEBT 16853 16853 6632 117 4698 1817 1558281 1403279 84760 70242 350075 276186 167834 103649 69603 78581 28444 31944 16365468 3942753 11036814 12422715 72405 3423519 4270914 15148694 17183989 234924 323941 58683 51791 15539159 17118008 0 269288 15832766 17763028 X -770868 -605309 86796 26270 -684072 -579039 15148694 17183989 105033 0 X 0 1 X 1 1 1 X 330164 633266 323445 337060 643588 2267523 330164 633266 323445 337060 643588 2267523 114991 2152532 249 189 310 258 877 1883 1524 4597 118 1153 92175 99567 2368973 5043876 0.90860 0.95320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2348615 2348615 10846415 3220585 7625830 3162832 714562 2448270 7606 7606 0 12422715 PROJECTS UNDER DEVELOPMENT 3943311 DUE FROM RELATED PARTIES 327603 4270914 DUE TO RELATED PARTIES 269288 269288 PART IV, LINE 2B: HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WTIH TENANT RENTAL AGREEMENTS. WALK FOR AFFORDABLE HOUSING 20466 20466 100 68 639 7435 20466 20466 100 68 639 7435 8242 -8242 1 FIRE VICTIMS GRANTS 14 17717 0 N/A HOMELESS PREVENTION PROGRAM 9 9753 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 HAD AGREEMENTS WITH PEABODY PROPERTIES, INC. (PEABODY), AN UNRELATED ENTITY TO CARRY ON THE DAY-TO-DAY OPERATIONS OF THE PROJECTS. PEABODY RECEIVED A MANAGEMENT FEE OF 5% OF HCA'S RENTAL UNITS' GROSS RENTS, AS DEFINED IN THE AGREEMENTS. IN JUNE 2016, THE AGENCY TERMINATED ITS MANAGEMENT AGREEMENTS WITH PEABODY AND ENTERED INTO NEW MANAGEMENT AGREEMENTS WITH AN UNRELATED ENTITY, MALONEY PROPERTIES, INC. (MALONEY), TO CARRY ON THE DAY-TO-DAY OPERATIONS OF THE PROJECTS. MALONEY RECEIVES A MANAGEMENT FEE OF 5 OF HCA'S RENTAL UNITS' GROSS RENTS, AS DEFINED IN THE AGREEMENTS. THE AGENCY INCURRED MANAGEMENT FEES UNDER THESE AGREEMENTS TOTALING $50,449 FOR 2016. 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. 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