2016-08-12T13:28:51-05:00 2015-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-01-01 042944144 HOUSING CORPORATION OF ARLINGTON HOUS 7813163429 20 ACADEMY STREET NO G-11 ARLINGTON MA 02476 THOMAS NEE PRESIDENT 7813163429 2016-08-05 1 DAVID KELLEHER CPA P01059560 5083669100 2016-08-02 2015 2016-12-15 16:53:06Z THOMAS NEE 20 ACADEMY STREET ARLINGTON MA 02476 1275434 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 33 0 0 323445 337060 830956 936963 310 258 -5292 -3349 1149419 1270932 43260 23753 0 0 294683 265349 0 0 61382 1070774 1224654 1408717 1513756 -259298 -242824 15057498 15148694 15498746 15832766 -441248 -684072 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 1359402 938116 THE AFFORDABLE HOUSING PROGRAM PROVIDED APARTMENTS AT RENTAL LEVELS BELOW MARKET RATES. THE PROGRAM WAS PROVIDED THROUGH 58 RENTAL UNITS OWNED BY HCA. THIS PROGRAM INCLUDES BOTH DIRECT RENTAL PROPERTY COSTS IN ADDITION TO STAFF TIME AND BACK OFFICE COSTS OF HOUSING CORPORATION OF ARLINGTON THAT WERE ATTRIBUTABLE TO THE OVERALL AFFORDABLE HOUSING PROGRAM. 23753 23753 IN 2015, THE HOMELESS PREVENTION PROGRAM PROVIDED GRANTS TO APPROXIMATELY 31 HOUSEHOLDS ON THE VERGE OF BECOMING HOMELESS. THE MAJORITY OF THESE GRANTS WERE USED FOR MOVING EXPENSES, RENT, AND SECURITY DEPOSITS. THE PROGRAM ALSO ASSISTS INDIVIDUALS IN FINDING AFFORDABLE UNITS IN ARLINGTON, ESPECIALLY ADVOCATING FOR TENANTS WITH THE ARLINGTON HOUSING AUTHORITY. 1383155 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 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 1 0 0 1 15 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X PAMELA HALLETT 7813163429 20 ACADEMY STREET ARLINGTON MA 02476 PAUL PARRAVANO DIRECTOR (RESIGNED DURING 2015) 2.00 X 0 0 0 THOMAS NEE PRESIDENT 2.00 1.00 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 CARL FLUMERFELT TREASURER 2.00 1.00 X 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 DEIRDRE WESTCOTT CLERK 2.00 X X 0 0 0 ALEX HASSINGER DIRECTOR 2.00 X 0 0 0 JONATHAN WALLACH DIRECTOR 2.00 X 0 0 0 PAMELA HALLETT EXECUTIVE DIRECTOR 39.00 1.00 X 101733 0 8233 101733 0 8233 1 0 0 0 0 23187 26643 287230 337060 RENTAL INCOME 531120 870739 870739 PROJECT REIMBURSEMENTS 531390 66224 66224 936963 258 258 0 23187 4502 -4502 -4502 MISCELLANEOUS 531110 1153 1153 1153 1270932 938116 0 -4244 23753 23753 109966 84673 7698 17595 137289 105116 10867 21306 6637 4579 859 1199 11457 7246 1973 2238 36829 36829 6101 6101 53373 14229 38325 819 6316 4839 440 1037 3687 484 3203 17621 8316 366 8939 367185 361234 2417 3534 627 58 569 268789 268167 622 395107 394985 122 57368 53997 2416 955 MISCELLANEOUS 9147 7333 1814 EQUIPMENT RENTAL 2504 1700 247 557 1513756 1383155 69219 61382 160268 350075 341726 167834 27263 69603 29287 28444 14685430 3648616 11350857 11036814 75354 72405 3072743 3423519 15057498 15148694 92548 234924 60733 58683 15345465 15539159 15498746 15832766 X -508951 -770868 67703 86796 -441248 -684072 15057498 15148694 -242824 0 X X 0 1 X 1 1 1 X 257755 330164 633266 323445 337060 1881690 257755 330164 633266 323445 337060 1881690 75834 1805856 130 249 189 310 258 1136 4312 1524 4597 118 1153 11704 1894530 5659927 0.95320 0.97670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60733 2050 58683 1 X 1749615 1749615 9914483 2968840 6945643 3013726 672170 2341556 7606 7606 0 11036814 PROJECTS UNDER DEVELOPMENT 3380479 DUE FROM RELATED PARTIES 43040 3423519 X PART IV, LINE 2B: HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WITH TENANT RENTAL AGREEMENTS. PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2015. WALK FOR AFFORDABLE HOUSING 23187 23187 100 487 3915 23187 23187 100 487 3915 4502 -4502 1 HOMELESS PREVENTION PROGRAM 31 23753 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 B, LINE 11 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 19 HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT BEEN CHANGED IN 2015. ACADEMY DEVELOPMENT PARTNERS INC 20 ACADEMY STREET ARLINGTON MA 02476 371654418 AFFORDABLE HOUSING MA 501(C)(3) LINE 7 HOUSING CORPORATION OF ARLINGTON 1 CAPITOL SQUARE APARTMENTS LLC 20 ACADEMY STREET ARLINGTON MA 02476 460615711 RENTAL REAL ESTATE MA N/A N/A 0 0 252 258-260 MASS AVE LLC 20 ACADEMY STREET ARLINGTON MA 02476 800898408 RENTAL REAL ESTATE MA HOUSING CORPORATION OF ARLINGTON C -1352 0.79000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1