2017-10-25T11:14:02-05:00 2016-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2016-01-01 043145070 THE PELHAM II CORPORATION C/O JOHN M CORCORAN & COMPANY PELH 7818490014 100 GRANDVIEW ROAD NO 207 BRAINTREE MA 02184 ROBERT E ENGLER PRESIDENT 7818490014 2017-10-25 1 LYNNE JOHNSON P00757336 6179129000 108.171.131.186 2017-10-25 12:13:44 ED P 797C4527DD8FA635CA18458D5F36AC81F3168434 F262AD23667856C47AEBC1D6E3BC71153059F190 2016 2021-01-29 14:40:06Z ROBERT E ENGLER 100 GRANDVIEW ROAD NO 207 BRAINTREE MA 02184 3265591 0 9251 X N/A X 1990 MA TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME. 10 10 0 10 0 0 0 0 3146666 3250450 485 544 33351 14597 3180502 3265591 0 0 0 0 601133 559446 0 0 0 2737011 2726720 3338144 3286166 -157642 -20575 7832734 7164084 14574775 13926700 -6742041 -6762616 TO MAKE AFFORABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME. 0 0 2829093 3256547 TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME. 2829093 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 X 10 10 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 MA X AMI L FATULA CO CORCORAN MGMT 7818490014 100 GRANDVIEW ROAD BRAINTREE MA 02184 X ROBERT E ENGLER PRESIDENT & EXECUTIVE DIR. 1.50 1.50 X X 0 0 0 EDNA SMITH TRUSTEE 0.10 0.10 X 0 0 0 MARVIN M SIFLINGER TRUSTEE 0.10 0.10 X 0 0 0 JEANNE STRICKLAND TREASURER 0.20 0.20 X X 0 0 0 JAMES STOCKARD TRUSTEE 0.10 0.10 X 0 0 0 PHILIP GIFFEE CLERK 0.10 0.10 X X 0 0 0 JOANN BARBOUR TRUSTEE 0.10 0.10 X 0 0 0 GEOFFREY ENGLER TRUSTEE 0.20 0.20 X 0 0 0 BRIAN ENGLER TRUSTEE 0.10 0.10 X 0 0 0 SUSAN P DARGAN TRUSTEE 0.10 0.10 X 0 0 0 0 0 0 0 0 0 0 CORCORAN MANAGEMENT COMPANY 100 GRANDVIEW ROAD BRAINTREE MA 02184 PROPERTY MANAGEMENT/BOOKKEEPING 182911 1 RENTAL INCOME 532000 3250450 3250450 3250450 544 544 LAUNDRY 532000 8500 8500 MISCELLANEOUS 900099 6097 6097 14597 3265591 3256547 0 9044 X 451952 293886 158066 3040 3040 104454 104454 162607 162607 17100 17100 41604 41604 568115 568115 3672 3672 37201 37201 580391 580391 476553 476553 628812 628812 6800 6800 REPAIRS & MAINTENANCE 135484 135484 RESIDENT SERVICES 22389 22389 MISC. ADMIN 19899 19899 AMORTIZATION 12209 12209 13884 13884 3286166 2829093 457073 0 254865 213532 77365 83380 22904 33185 103855 104645 18678092 13836964 5406474 4841128 1967271 1888214 7832734 7164084 288623 286975 14790 14257 77317 81581 14194045 13543887 14574775 13926700 X -6742041 -6762616 -6742041 -6762616 7832734 7164084 -20575 0 X 0 1 X 1 1 1 X 3052541 3027569 3110629 3154593 3256547 15601879 3052541 3027569 3110629 3154593 3256547 15601879 0 0 0 15601879 1372 1226 6138 485 544 9765 1372 1226 6138 485 544 9765 3327 4431 4551 25424 8500 46233 3057240 3033226 3121318 3180502 3265591 15657877 0.99640 0.99650 0.00060 0.00080 X 0 1 X 1454330 1454330 17141820 13805376 3336344 81942 31588 50454 4841128 MORTGAGE ESCROW DEPOSITS 216324 RESERVE FOR REPLACEMENTS 1671890 1888214 X 3265591 0 3265591 0 3265591 3286166 0 3286166 0 3286166 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS CONSIST OF: TENANT SECURITY DEPOSITS $ 81,581 THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT AND ARE REFUNDED TO THE TENANT AT THE END OF THE LEASE. PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE CORPORATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C)(3) STATUS BY THE INTERNAL REVENUE SERVICE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES, GEOFFREY ENGLER AND BRIAN ENGLER, AND PRESIDENT, ROBERT ENGLER HAVE A FAMILY AND BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY IS MANAGED BY CORCORAN MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SENT TO THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR REVIEW AND SIGNATURE PRIOR TO FILING. IN ADDITION, THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWER, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS REQUIRED TO SIGN A STATEMENT ANNUALLY THAT AFFIRMS THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION'S ACTIVITIES AS IT RELATES TO ITS TAX-EXEMPT PURPOSE. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DESIGNATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. WHEN APPLICABLE, THE ORGANIZATION PERIODICALLY REVIEWS THAT COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULTS OF ARM'S LENGTH BARGAINING; AND WHETHER PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S POLICIES. THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 IS AVAILABLE WITHOUT SCHEDULE B VIA GUIDESTAR AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 11G REPLACEMENT, DECORATING, GROUNDS AND OTHER CONTRACTS: PROGRAM SERVICE EXPENSES 568,115. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 568,115. THE PELHAM CORPORATION 100 GRANDVIEW ROAD BRAINTREE MA 02184 043018996 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 0 PELHAM LIFE LONG LEARNING CENTER INC CHESTNUT HILL AVE 2 BRIGHTON MA 02135 820614029 EDUCATIONAL AND LIFE SKILLS PROGRAMS MA 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0