2017-01-10T15:15:28-06:00 2016-06-30 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 308A DEDHAM MA 02026 990 2015-07-01 042519279 HOMEOWNER'S REHAB INC HOME 6178684858 280 FRANKLIN STREET CAMBRIDGE MA 02139 JOHN KELLEY DIRECTOR OF FINANCE 6178484858 2017-01-10 KRISTOFFER LANE P01446126 6172629898 2017-01-10 2015 2017-02-10 21:41:12Z JOHN KELLEY 280 FRANKLIN STREET CAMBRIDGE MA 02139 3251159 0 X WWW.HOMEOWNERSREHAB.ORG X 1972 MA TO MAKE LOW INTEREST LOANS TO LOW INCOME HOMEOWNERS FOR IMPROVEMENTS. DEVELOPMENT OF LOW INCOME HOUSING AND REHABING OLD HOUSING STOCK. 12 12 12 0 0 0 73431 133240 4447236 2152211 742212 965708 0 0 5262879 3251159 77998 78000 0 0 745483 939775 0 0 0 1456218 2019980 2279699 3037755 2983180 213404 51431604 62709992 23784217 34849201 27647387 27860791 X THE GENERAL PURPOSE OF HRI IS TO ACQUIRE, IMPROVE THROUGH REHABILITATION, NEW CONSTRUCTION OR OTHERWISE, MAKE AVAILABLE AT THE LOWEST POSSIBLE COST TO PERSONS AND FAMILIES WITH LOW INCOME OF EVERY RACE, RELIGION AND NATIONALITY, HOUSING IN MASSACHUSETTS, TO STIMULATE THE RENOVATION AND IMPROVEMENT OF PROPERTIES, AND TO PROMOTE NEIGHBORHOOD IMPROVEMENTS FOR THE BENEFIT OF PERSONS OF LIMITED MEANS. 0 0 1123672 948172 AFFILIATE ACTIVITIES - TO ACQUIRE, RENOVATE, CONSTRUCT, DEVELOP, OWN,LEASE OR MANAGE LOW-INCOME OR MIXED-INCOME FAMILY HOUSING IN CAMBRIDGE,MASSACHUSETTS. 1738975 78000 1422618 DEVELOPMENT AND OPERATING-HRI IS INVOLVED IN VARIOUS PROJECTS TO DEVELOP LOW INCOME HOUSING. HRI ALSO FACILITATES THE REHABILITATION OF OLD HOUSING STOCK. 2862647 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JOHN KELLEY DIR OF FINANCE 6178684858 280 FRANKLIN STREET CAMBRIDGE MA 02139 LOUISE ELVING PRESIDENT 5.00 X X 0 0 0 DEB FAVREAU CLERK 5.00 X X 0 0 0 DAVID SALOMON BOARD MEMBER 5.00 X 0 0 0 SANIA SANTOS BOARD MEMBER 5.00 X 0 0 0 DEB FOX BOARD MEMBER 5.00 X 0 0 0 ROLF GOETZE BOARD MEMBER 5.00 X 0 0 0 JOHN HIXSON BOARD MEMBER 5.00 X 0 0 0 MARILYN SOTOW BOARD MEMBER 5.00 X 0 0 0 VINCE O'DONNELL VICE PRESIDENT 5.00 X X 0 0 0 JOEL FEINBERG BOARD MEMBER 5.00 X 0 0 0 MARK TEDEN TREASURER 5.00 X X 0 0 0 GOLNAZ TABATABAI BOARD MEMBER 5.00 X 0 0 0 PETER DALY EXECUTIVE DIRECTOR 20.00 X 183183 0 28469 JOHN KELLEY DIRECTOR FINANCE 20.00 X 99968 0 2872 283151 0 31341 1 0 1 0 DAVIS SQUARE ARCHITECTS 240A ELM STREET SOMERVILLE MA 02144 ARCHITECTS 129657 1 133240 133240 MGMT & DEV FEES 900099 1044592 1044592 RENTAL INCOME 525990 722589 722589 CONTRACTS 900099 385030 385030 2152211 965708 965708 3251159 2152211 0 965708 78000 78000 939775 850496 89279 25000 22625 2375 48128 43556 4572 50950 46110 4840 678165 678165 198902 198902 7360 6661 699 BAD DEBT 568607 514589 54018 RENTAL EXPENSE 202352 202352 MISC. EXPENSES 172526 159660 12866 CONSULTANTS 57615 52142 5473 10375 9389 986 3037755 2862647 175108 0 6136052 5284308 2602593 2670676 65672 34368 17417104 17822258 5178 1331 22081271 2592238 8807448 19489033 12253657 14835425 4143900 2572593 51431604 62709992 167658 72561 1543632 1513575 15584421 26753654 6488506 6509411 23784217 34849201 X 27647387 27860791 27647387 27860791 51431604 62709992 213404 0 X X 0 1 X 1 1 1 X 1007886 488361 804760 610303 518270 3429580 1007886 488361 804760 610303 518270 3429580 3429580 499323 546467 709092 742212 965709 3462803 440330 409939 345957 1196226 8088609 14285252 0.42400 0.45550 X 11608725 11608725 3978917 1043797 2935120 5365031 1330639 4034392 227205 217802 9403 901393 901393 19489033 CERTIFICATES OF DEPOSIT 12209154 F GOVERNMENT BONDS 2626271 F 14835425 PASS THROUGH LIABILITY 1009404 AMOUNTS DUE CLIENTS ON GRANT & LOANS 28822 RECAPTURE-RECOMMITTAL FUND 797486 DUE TO RELATED PARTIES 418243 SECURITY DEPOSITS 23743 DUE TO AFFILIATE 4231713 6509411 X PART X, LINE 2: HRI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR THE FISCAL YEAR ENDED JUNE 30, 2016, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. HRI EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT JUNE 30, 2016, HRI BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX FISCAL YEARS; 2013, 2014 AND 2015. 1 SCHOLARSHIPS 22 78000 FMV PART I, LINE 2: THE ORGANIZATION HAS A SCHOLARSHIP COMMITTEE MADE UP OF BOARD MEMBERS, STAFF AND MANAGEMENT STAFF AND EACH YEAR THE ORGANIZATION SENDS OUT APPLICATIONS IN THE SPRING TO TENANTS OF AFFORDABLE HOUSING PROJECTS. THE APPLICATIONS ARE SUBMITTED AND REVIEWED BY THE COMMITTEE AND THE AWARDS ARE MADE. SOME AWARDS ARE CONTINGENT ON THE APPLICANT SUCCESSFULLY COMPLETING THE FALL SEMESTER PRIOR TO THE GRANT FOR THE SPRING SEMESTER WILL BE GRANTED. THE ORGANIZATION'S FUNDS ARE DESIGNED TO BE FLEXIBLE AND CAN BE USED FOR BOOKS, TUITION AND ANY OTHER COLLEGE RELATED COSTS. X X 0 0 0 0 0 0 0 0 0 PETER DALY EXECUTIVE DIRECTOR 183183 0 0 0 0 0 0 0 28469 0 211652 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF FINANCE REVIEW THE 990 AND MAKE A RECOMMENDATION TO THE AUDIT COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT THE ITS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS REVIEWED AND APPROVED BY THE PERSONNEL POLICY COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, ORGANIZATIONAL POLICIES AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR AUBURN SQUARE LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 043484315 AFFORDABLE HOUSING MA 337816 4555400 COLUMBIA HRI LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 030491814 AFFORDABLE HOUSING MA 142564 2994217 HRI TROLLEY 280 FRANKLIN ST CAMBRIDGE MA 02139 202284934 AFFORDABLE HOUSING MA 72438 3594872 HRI PUTNAM LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 300564553 AFFORDABLE HOUSING MA 121475 4807913 HRI MASTER LESSEE 280 FRANKLIN ST CAMBRIDGE MA 02139 463179612 AFFORDABLE HOUSING MA 277939 513170 HRI CONCORD HIGHLANDS LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 811516913 AFFORDABLE HOUSING MA 11 10160737 808-812 MEMORIAL DRIVE LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 473981468 AFFORDABLE HOUSING MA 0 688475 CAMBRIDGE COMMUNITY HOUSING INC 280 FRANKLIN ST CAMBRIDGE MA 02139 222933799 TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES MA 501(C)(3) 170(B)(1)(A)(VI) 0 CAMBRIDGE COMMUNITY HOUSING DEVELOPMENT INC 280 FRANKLIN ST CAMBRIDGE MA 02139 223345968 TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES MA 501(C)(3) 170(B)(1)(A)(VI) 0 CHAPMAN ARMS MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 453774502 AFFORDABLE HOUSING MA -1054 0 0 0.79000 HRI BROOKLINE STREET INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 043182980 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1071 167434 0.79000 0 TROLLEY DEVELOPMENT INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 202515834 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1082 0.78000 0 MEMORIAL DRIVE HOUSING INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 043369966 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1382 274102 0.79000 0 AUBURN PARK INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 043432275 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1036 0.75000 0 COLUMBIA CAST INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 030491794 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1036 0.75000 0 INMAN CAST MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 273519430 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1387 103 0.79000 0 PUTNAM GREEN MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 273522581 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1091 42 0.79000 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 CAMBRIDGE COMMUNITY HOUSING INC K 50950 ACCRUAL CAMBRIDGE COMMUNITY HOUSING INC L 176905 ACCRUAL CAMBRIDGE COMMUNITY HOUSING DEVELOPMENT INC L 154200 ACCRUAL