2025-11-07T12:20:25-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-01-01 043597428 KENNEDY MANAGEMENT INC C/O CAMBRIDGE HOUSING AUTHORITY KENN 6175206387 362 GREEN STREET CAMBRIDGE MA 02139 JOHN FILIP CFO 6175206387 2025-11-06 1 1 DANIELLE NIHILL P01350943 7819821001 2025-11-06 2024 2025-03-06 01:10:19Z JOHN FILIP 362 GREEN STREET CAMBRIDGE MA 02139 2770598 0 X WWW.CAMBRIDGE-HOUSING.ORG X 2001 MA TO PROVIDE MANAGEMENT AND SUPPORTING SERVICES FOR RELATED LOW-INCOME HOUSING ORGANIZATIONS 7 5 0 5 0 0 0 0 2275526 2764127 5377 6471 0 0 2280903 2770598 0 0 0 0 481838 503611 0 0 0 2998956 7547441 3480794 8051052 -1199891 -5280454 49338914 144781091 50345815 151118446 -1006901 -6337355 THE ORGANIZATION'S MISSION IS TO PROVIDE MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE LOW-INCOME HOUSING UNITS FOR QUALIFYING INDIVIDUALS IN THE CITY OF CAMBRIDGE AND TO PROVIDE LONG-TERM DEVELOPMENT SERVICES FOR SUCH HOUSING UNITS. 0 0 7276008 0 2764127 AFFORDABLE HOUSING - MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE HOUSING FOR LOW AND MODERATE INCOME PERSONS. 7276008 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X JOSEPH DIMAMBRO 6175206387 362 GREEN STREET CAMBRIDGE MA 02139 MICHAEL J JOHNSTON CLERK 1.00 40.00 X X 0 269931 84744 ELAINE DEROSA PRESIDENT 1.00 2.00 X X 0 0 0 SUSAN T CONNELLY VICE-PRESIDENT 1.00 2.00 X 0 0 0 GERALD J CLARK TREASURER 1.00 2.00 X X 0 0 0 LOUIS BACCI III DIRECTOR 1.00 2.00 X X 0 0 0 VICTORIA BERGLAND DIRECTOR 1.00 2.00 X 0 0 0 MARGARET DONNELLY-MORAN DEPUTY EXECUTIVE DIRECTOR 1.00 40.00 X 0 316112 75774 JOHN FILIP CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 266709 72614 BRENDA SNOWDEN DOWNING DEPUTY EXECUTIVE DIRECTOR 1.00 40.00 X 0 262769 83048 JOE DIMAMBRO DEPUTY FISCAL DIRECTOR 1.00 40.00 X 0 173347 61882 KEVIN J BRAGA DIRECTOR OF OPERATIONS 1.00 40.00 X 0 207853 75026 JOHN LINDAMOOD DIRECTOR OF RESIDENT SERVI 1.00 40.00 X 0 191249 61306 CLARA FRADEN DIRECTOR OF PLANNING 1.00 40.00 X 0 228752 54438 GORAN SMILJIC DIRECTOR OF CONSTRUCTION 1.00 40.00 X 0 230591 54581 ROBERT KELSEY DIRECTOR OF HUMAN RESOURCES 1.00 40.00 X 0 196627 56874 SHAYLA SIMMONS GENERAL COUNSEL 1.00 40.00 X 0 187958 70317 SUSAN MARIE NOHL DIRECTOR OF LEASED HOUSING 1.00 40.00 X 0 187416 45311 0 2719314 795915 0 0 1 0 COLANTONIO INC 16 EVERETT STREET HOLLISTON MA 01746 CONSTRUCTION 18224160 HMFH ARCHITECTS 130 BISHOP ALLEN DRIVE CAMBRIDGE MA 02139 ARCHITECTS 790584 BWA ARCHITECTURE 132 LINCOLN STREET SUITE 4 BOSTON MA 02111 ARCHITECTS 763075 SENIOR LIVING RESIDENCES LLC 45 BRAINTREE HILL OFFICE PK 306 BRAINTREE MA 02184 PROPERTY MANAGEMENT 258213 J&T CONTRACTING 41 MORSE AVENUE ATTLEBORO MA 02703 CLEANING 142499 10 RENTAL INCOME 532000 2361526 2361526 TENTANT REVENUE - OTHE 532000 402601 402601 2764127 6471 6471 2770598 2764127 0 6471 416832 261868 154964 86779 54517 32262 204916 204916 12510 12510 102366 102366 52780 52780 2667 2667 91315 91315 24870 24870 978810 978810 532397 532397 1176700 1176700 199804 199804 DEVELOPER FEES 3959013 3959013 TENANT SERVICES 112899 112899 TAXES & PAYMENTS IN LIE 52043 52043 MISCELLANEOUS EXPENSES 44351 44351 8051052 7276008 775044 0 2655278 1079187 2521396 79226 99349 144175 199889 44336923 14157385 22944174 30179538 23516061 110701732 49338914 144781091 4250123 15631889 24071 10887 33927280 82831713 12144341 52643957 50345815 151118446 X -1006901 -6337355 -1006901 -6337355 49338914 144781091 X -5280454 -50000 X 0 1 X 1 0 X X 1 CAMBRIDGE HOUSING AUTHORITY 046002081 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3561600 3561600 38944434 13521692 25422742 16562 16562 0 1814327 619131 1195196 30179538 REPLACEMENT RESERVES 426114 OPERATING RESERVE 797495 REAL ESTATE AND INSURANCE ESCROWS 18444 GROUND LEASE, NET 448095 OPERATING LEASE ROU ASSET 44952758 CONSTRUCTION IN PROGRESS 64053711 RELATED PARTY 5115 110701732 DUE TO RELATED PARTIES 2829917 ACCRUED INTEREST PAYABLE 3079788 OPERATING LEASE LIABILITY 46734252 52643957 2720598 -50000 -50000 2770598 0 2770598 8051052 0 8051052 0 8051052 PART XI, LINE 2D - OTHER ADJUSTMENTS: SYNDICATION COSTS -50,000. 0 0 0 0 0 0 0 0 0 MARGARET DONNELLY-MORAN DEPUTY EXECUTIVE DIRECTOR 0 269112 0 47000 0 0 0 74824 0 950 0 391886 0 0 MICHAEL J JOHNSTON CLERK 0 269931 0 0 0 0 0 63893 0 20851 0 354675 0 0 BRENDA SNOWDEN DOWNING DEPUTY EXECUTIVE DIRECTOR 0 243769 0 19000 0 0 0 62197 0 20851 0 345817 0 0 JOHN FILIP CHIEF FINANCIAL OFFICER 0 242709 0 24000 0 0 0 63130 0 9484 0 339323 0 0 GORAN SMILJIC DIRECTOR OF CONSTRUCTION 0 195591 0 35000 0 0 0 54581 0 0 0 285172 0 0 CLARA FRADEN DIRECTOR OF PLANNING 0 193752 0 35000 0 0 0 54146 0 292 0 283190 0 0 KEVIN J BRAGA DIRECTOR OF OPERATIONS 0 199853 0 8000 0 0 0 49199 0 25827 0 282879 0 0 SHAYLA SIMMONS GENERAL COUNSEL 0 187958 0 0 0 0 0 44490 0 25827 0 258275 0 0 ROBERT KELSEY DIRECTOR OF HUMAN RESOURCES 0 188627 0 8000 0 0 0 46542 0 10332 0 253501 0 0 JOHN LINDAMOOD DIRECTOR OF RESIDENT SERVI 0 179249 0 12000 0 0 0 45269 0 16037 0 252555 0 0 JOE DIMAMBRO DEPUTY FISCAL DIRECTOR 0 163347 0 10000 0 0 0 41031 0 20851 0 235229 0 0 SUSAN MARIE NOHL DIRECTOR OF LEASED HOUSING 0 179416 0 8000 0 0 0 44361 0 950 0 232727 0 0 PART I, LINE 3 THE BOARD OF CAMBRIDGE HOUSING AUTHORITY (CHA), A RELATED ORGANIZATION, APPOINTS A CLERK WHO USES A DILIGENT REVIEW PROCESS TO DETERMINE COMPENSATION OF OFFICERS AND TOP MANAGEMENT. THE COMPENSATION PROCESS INCLUDES A REVIEW OF MARKET RATES AND PASSED AFTER A REVIEW BY THE BOARD. THE COMPENSATION CONTRACT IS KEPT CURRENT BY THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT. COMPENSATION IS ONLY RECEIVED BY CHA ACTIVITIES. NO COMPENSATION IS PAID DIRECTLY FROM KENNEDY MANAGEMENT, INC. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY FROM TIME TO TIME CREATE SPECIAL COMMITTEES TO REVIEW AND MAKE RECOMMENDATIONS ON ADMINISTRATIVE AND ECONOMIC PRACTICES OF THE AUTHORITY IN COLLABORATION WITH THE SECRETARY/EXECUTIVE DIRECTOR. ALL SPECIAL COMMITTEES WILL REPORT TO THE BOARD AT ITS REGULAR AND SPECIAL MEETINGS. THE BOARD WILL AT TIMES RATIFY OR REVOKE THE ACTION OF THE SPECIAL COMMITTEES. TWO (2) MEMBERS OF THE BOARD OF COMMISSIONERS SHALL CONSTITUTE A COMMITTEE AND A QUORUM. A MAJORITY VOTE OF SAID TWO (2) MEMBERS SHALL BE SUFFICIENT FOR A DETERMINATION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE FORM 990 IS REVIEWED BY THE CLERK AND THE CFO OF THE ORGANIZATION WHO ARE AUTHORIZED SIGNERS OF THE ORGANIZATION. COPIES ARE MADE AVAILABLE TO THE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED VIA EMPLOYEE HANDBOOK THAT IS UPDATED AND DISTRIBUTED AS CHANGES ARE MADE IN WHICH EACH EMPLOYEE RECEIVES A COPY. BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT MAY RISE TO CONFLICTS OF INTEREST. COMPLIANCE WITH THE POLICY IS OVERSEEN BY THE EXECUTIVE DIRECTOR AND HUMAN RESOURCE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION COMMISSIONS AN INDEPENDENT COMPENSATION STUDY FROM AN OUTSIDE THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: SYNDICATION COSTS -50,000. INTERNAL REVENUE CODE SECTION 168(H)(6) ELECTION THE ORGANIZATION OWNS/CONTROLS 116 NORFOLK STREET APARTMENTS MANAGER, LLC WHICH IS A CORPORATION THAT HAS MADE AN ELECTION IN ACCORDANCE WITH CODE SECTION 168(H)(6)(F)(II), TO BE TREATED AS OTHER THAN A TAX-EXEMPT CONTROLLED ENTITY FOR PURPOSES OF USING THE ALTERNATIVE DEPRECIATION SYSTEM FOR CERTAIN PROPERTY SPECIFIED IN SECTION 168 (G)(2). THIS PROPERTY INCLUDES RESIDENTIAL RENTAL PROPERTY SPECIFIED IN SECTION 168 (G)(2). THIS PROPERTY INCLUDES RESIDENTIAL RENTAL PROPERTY WHICH THE ENTITY WILL BE DEPRECIATING OVER A RECOVERY PERIOD OF 27.5 YEARS. THE ORGANIZATION OWNS/CONTROLS CLIFTON PLACE MANAGER, LLC WHICH IS A CORPORATION THAT HAS MADE AN ELECTION IN ACCORDANCE WITH CODE SECTION 168(H)(6)(F)(II), TO BE TREATED AS OTHER THAN A TAX-EXEMPT CONTROLLED ENTITY FOR PURPOSES OF USING THE ALTERNATIVE DEPRECIATION SYSTEM FOR CERTAIN PROPERTY SPECIFIED IN SECTION 168 (G)(2). THIS PROPERTY INCLUDES RESIDENTIAL RENTAL PROPERTY SPECIFIED IN SECTION 168 (G)(2). THIS PROPERTY INCLUDES RESIDENTIAL RENTAL PROPERTY WHICH THE ENTITY WILL BE DEPRECIATING OVER A RECOVERY PERIOD OF 27.5 YEARS. KENNEDY MANAGEMENT, INC. ELECTS TO TREAT THE GAIN FROM ANY DISPOSITION OF ITS OWNERSHIP INTERESTS (AND ANY DIVIDEND RECEIVED OR ACCRUED FROM THE CONTROLLED ENTITY) AS UNRELATED BUISNESS TAXABLE INCOME FOR PURPOSES OF CODE SECTION 511 OF THE INTERNAL REVENUE CODE. 116 NORFOLK APARTMENTS MANAGER LLC 362 GREEN STREET CAMBRIDGE MA 02139 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC LANCASTER STREET APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC FUND 2009 JFK HOLDINGS LLC 362 GREEN STREET CAMBRIDGE MA 02139 202059742 AFFORDABLE HOUSING MA 0 0 KENNEDY MANAGEMENT INC 116 NORFOLK APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 0 0 KENNEDY MANAGEMENT INC CLIFTON PLACE LLC 362 GREEN STREET CAMBRIDGE MA 02139 922072015 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC JACKSON PLACE MANAGER LLC 362 GREEN STREET CAMBRIDGE MA 02139 843576138 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC JACKSON PLACE LLC 362 GREEN STREET CAMBRIDGE MA 02139 920997675 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC JACKSON PLACE APARTMENTS 362 GREEN STREET CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 0 0 KENNEDY MANAGEMENT INC CLIFTON PLACE MANAGER LLC 362 GREEN STREET CAMBRIDGE MA 02139 PROPERTY MANAGEMENT MA 0 0 KENNEDY MANAGEMENT INC CLIFTON PLACE APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 0 0 KENNEDY MANAGEMENT INC CAMBRIDGE HOUSING AUTHORITY 362 GREEN STREET CAMBRIDGE MA 02139 046002081 AFFORDABLE HOUSING MA GOVERNMENT N/A 0 CAMBRIDGE AFFORDABLE HOUSING CORP 362 GREEN STREET CAMBRIDGE MA 02139 223026442 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 CAMBRIDGE HOUSING AUTHORITY 0 ESSEX STREET MANAGEMENT INC 362 GREEN STREET CAMBRIDGE MA 02139 043534715 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 CAMBRIDGE HOUSING AUTHORITY 0 RESIDENT SERVICES EMPOWERMENT INC 362 GREEN STREET CAMBRIDGE MA 02139 832304984 EDUCATION AND EMPOWERMENT MA 501(C)(3) LINE 12A, I CAMBRIDGE HOUSING AUTHORITY 0 JOHN F KENNEDY APARTMENTS LLC 362 GREEN STREET CAMBRIDGE MA 02139 201467300 AFFORDABLE HOUSING MA KENNEDY MANAGEMENT INC RELATED 0 1 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 CAMBRIDGE HOUSING AUTHORITY E 46909823 OUTSTANDING PRINCIPAL