2015-11-13T14:28:24-06:00 2014-12-31 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2014-01-01 223035152 MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC MUTU 2033596940 63 STILLWATER AVENUE STAMFORD CT 06902 RENEE DOBOS EXECUTIVE DIRECTOR 2033596940 2015-11-12 1 PATRICIA MCGOWAN P00184514 9592007000 2014 2016-03-07 17:11:31Z RENEE DOBOS 63 STILLWATER AVENUE STAMFORD CT 06902 3090295 0 X WWW.MHASWCT.ORG/ X 1996 CT THE MISSION OF THE ASSOCIATION IS TO DEVELOP, FINANCE, OWN, LEASE AND MANAGE SAFE, QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME HOUSEHOLDS THROUGHOUT FAIRFIELD COUNTY, CONNECTICUT. MHA SEEKS TO CREATE A CONTINUUM OF HOUSING OPPORTUNITIES FOR ALL SECTORS OF THE COMMUNITY AND SERVE AS AN ONGOING PRODUCER OF AFFORDABLE HOUSING THROUGHOUT THE SOUTHWESTERN CONNECTICUT REGION TO MEET PRESENT AND FUTURE HOUSING NEEDS.BEYOND THE DEVELOPMENT OF HOUSING, MHA ENCOURAGES THE PRESERVATION AND GROWTH OF HEALTHY, STABLE AND DIVERSE NEIGHBORHOODS THROUGH THE EMPOWERMENT AND SELF-DETERMINATION OF RESIDENTS BY PROVIDING ONGOING TRAINING AND SUPPORT, AND COMMUNITY ORGANIZING THAT ENCOURAGES NEIGHBORHOOD RESIDENTS, BUSINESS OWNERS, GOVERNMENT, AND OTHER STAKEHOLDERS TO LIVE AND WORK TOGETHER IN PARTNERSHIP. 13 13 20 0 0 0 434695 247213 2663495 1970311 -8778 -72172 0 431251 3089412 2576603 0 0 0 0 1020789 730813 0 0 0 2269680 1957605 3290469 2688418 -201057 -111815 19476130 18406500 6617049 4412381 12859081 13994119 TO CREATE AND SUSTAIN HOUSING, REVITALIZE NEIGHBORHOODS, AND ENHANCE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME RESIDENTS OF FAIRFIELD COUNTY. 0 0 1530756 1213380 EXPENSES RELATED TO THE OPERATION OF VARIOUS RESIDENTIAL COMPLEXES IN FAIRFIELD COUNTY, CT, WHICH PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES. THE PROJECTS INCLUDE PARKSIDE GABLES, FAIRFIELD COMMONS, CONGER HOUSE, AND MHA YALE STREET. 905837 1188182 PREVENTION AND ELIMINATION OF NEIGHBORHOOD DETERIORATION BY SPONSORING, DEVELOPING, OWNING, AND/OR OPERATING QUALITY HOUSING FOR LOW AND MODERATE INCOME RESIDENTS IN FAIRFIELD COUNTY, CT 2436593 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 43 0 1 20 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 CT X MARTEY RHINE 2036720226 63 STILLWATER AVENUE STAMFORD CT 06902 JENNIFER CHADWICK PRESIDENT 2.00 X X 0 0 0 LISA FEINBERG VICE PRESIDENT 2.00 X X 0 0 0 NATHANIAL YORDON TREASURER 2.00 X X 0 0 0 STEPHANIE ROSS SECRETARY 2.00 1.00 X X 0 0 0 EURANIA ALICEA DIRECTOR 2.00 X 0 0 0 DESMOND CILFFORD DIRECTOR 2.00 X 0 0 0 TIMOTHY HODGES DIRECTOR 2.00 X 0 0 0 ALICIA JOHNSON DIRECTOR 2.00 X 0 0 0 THERESA KORIN DIRECTOR 2.00 X 0 0 0 SAM MARCIANO OUTGOING DIRECTOR 2.00 X 0 0 0 SYLVAN POMERANTZ DIRECTOR 2.00 X 0 0 0 VALERIE ROSENSON DIRECTOR 2.00 X 0 0 0 MILAGROSA SEGUINOT DIRECTOR 2.00 X 0 0 0 MICHAEL WIEDERLIGHT DIRECTOR 2.00 X 0 0 0 NANCY HADLEY OUTGOING EXECUTIVE DIRECTOR 45.00 1.00 X 41163 0 11355 MARTHA S RHINE INTERIM EXECUTIVE DIRECTOR 45.00 1.00 X 0 0 0 SELVIN OSBOURNE CFO 45.00 1.00 X 122301 0 22194 163464 0 33549 1 0 0 0 HAYNES CONSTRUCTION 32 PROGRESS STREET SEYMOUR CT 06483 CONSTRUCTION 887296 COHNREZNICK LLP 350 CHURCH STREET HARTFORD CT 06103 AUDITING 142686 MANAGEMENT SOLUTIONS & RESOURCES LLC 60 LEMAY STREET WEST HARTFORD CT 06105 INTERIM DIRECTOR SERVICES 130817 MORGAN STANLEY ONE FAWCETT PLACE 3RD FL GREENWICH CT 06830 INVESTMENT 113299 LAUREL HOUSE 1616 WASHINGTON BLVD STAMFORD CT 06902 SUPPORTIVE HOUSING 110900 6 123455 123758 247213 RENTAL INCOME 531110 1213380 1213380 DEVELOPER FEES 531390 504118 504118 MANANGEMENT FEES 531310 252813 252813 1970311 161520 161520 280000 513692 -233692 -233692 -233692 FORGIVENESS OF DEBT 900099 242304 242304 OTHER INCOME 900099 188947 188947 431251 2576603 2401562 0 -72172 197013 159850 37163 434235 352324 81911 48906 39681 9225 50659 41103 9556 51884 51884 9368 9368 81453 56356 25097 253644 253644 49505 3534 45971 491637 474347 17290 18041 13531 4510 196108 196108 352680 352680 115408 105745 9663 REPAIRS AND MAINTENANCE 140368 140368 PROGRAM SERVICES 115925 115925 MISCELLANEOUS 51165 51165 BAD DEBT EXPENSE 22130 22130 8289 6218 2071 2688418 2436593 251825 0 457119 120182 429179 429048 30579 60833 23202 37741 509599 249284 51472 56480 14583957 6085998 9028975 8497959 22920 17660 8923085 8937313 19476130 18406500 364848 261303 2881276 2636124 3370925 1514954 6617049 4412381 X 8636533 10104229 4222548 3889890 12859081 13994119 19476130 18406500 X -111815 1246853 X X 0 1 X 1 1 1 X 742765 1003862 378451 434695 247213 2806986 742765 1003862 378451 434695 247213 2806986 2806986 16646 378917 170219 154632 161520 881934 149362 187027 431251 767640 4456560 11323313 0.62990 0.82730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2012 AMOUNT: $ 149,362. 2013 AMOUNT: $ 187,027. 2014 AMOUNT: $ 431,251. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 463495 463495 13890375 5858364 8032011 230087 227634 2453 8497959 DEFERRED DEVELOPER FEES RECEIVABLE 1954967 CONSTRUCTION IN PROGRESS 753399 NOTES RECEIVABLE 3993627 LOAN COSTS 11227 ACCRUED INTEREST RECEIVABLE 7100 DUE FROM AFFILIATE 741412 INVESTMENT IN LIMITED PARTNERSHIP 528614 MORTGAGES RECEIVABLE 938171 OTHER 8796 8937313 SECURITY DEPOSITS 61046 REFUNDABLE MEMBERSHIP FEES 384328 ACCRUED LIABILITIES 277963 LINE OF CREDIT 291617 OTHER NOTES PAYABLE 500000 1514954 X 2576603 0 2576603 0 2576603 2688418 0 2688418 0 2688418 PART X, LINE 2: MHA HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2014. MHA'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2011 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, MHA WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INTEREST EXPENSE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. MHA DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED DECEMBER 31, 2014. MICHAEL WIEDERLIGHT BOARD MEMBER 150000 PURCHASE ALL INSURANCE 0 FORM 990, PART VI, SECTION A, LINE 3 ORGANIZATION CONTRACTED WITH AN OUTSIDE CONSULTANT TO PROVIDE EXECUTIVE DIRECTOR LEADERSHIP ON AN INTERIM BASIS DURING 2014 UNTIL A NEW PERMANENT EXECUTIVE DIRECTOR COULD BE HIRED. FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN IS REVIEWED BY MANAGEMENT AND THE TREASURER PRIOR TO FILING. THE FINAL RETURN IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR OF THE ASSOCIATION MONITORS ALL TRANSACTIONS FOR POTENTIAL CONFLICTS OF INTEREST THAT HAVE BEEN DISCLOSED BY BOARD MEMBERS AND DISCLOSES POTENTIAL ISSUES TO THE BOARD PRESIDENT IN ORDER TO RESOLVE POTENTIAL CONFLICTS. FOR EACH INTEREST DISCLOSED THE BOARD PRESIDENT WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO REFRAIN FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ASSOCIATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ASSOCIATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ASSOCIATION'S REMOVAL PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THESE INDIVIDUALS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. NORMALLY, COMPARABILITY DATA FROM NEIGHBORWORKS AND OTHER NONPROFIT ORGANIZATIONS IS PROVIDED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE VOTES ON STAFF SALARIES AND MAKES A RECOMMENDATION OF A TOTAL STAFF SALARY FIGURE IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND TAX RETURNS CAN BE VIEWED ON THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9: TRANSFERS/CAPITAL FUNDING 126,019. FAIRFIELD COMMONS TRANSFER 1,120,834. FORM 990, PART XI, LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. MHA YALE STREET LLC 63 STILLWATER AVENUE STAMFORD CT 06901 830425341 REHABILITATE AND MANAGE PROPERTIES ON YALE STREET IN BRIDGEPORT CONNECTICUT CT MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC MHA CONGER HOUSE LLC 63 STILLWATER AVENUE STAMFORD CT 06901 342046509 OWN,REHABILITATE AND MANAGE 8 RESIDENTIAL UNITS & PROVIDE SUPPORTIVE HOUSING CT MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC TRINITY PARK MUTUAL HOUSING ASSOCIATION INC 63 STILLWATER AVENUE STAMFORD CT 06901 061403846 GENERAL PARTNER OF TRINITY PARK MUTUAL HOUSING LIMITED PARTNERSHIP CT 501(C)(3) 170(B)(1)(A)(VI) N/A 0 MAPLEWOOD COURT MUTUAL HOUSING ASSOCIATION INC 63 STILLWATER AVENUE STAMFORD CT 06901 061483608 GENERAL PARTNER OF MAPLEWOOD SCHOOL APARTMENTS LIMITED PARTNERSHIP CT 501(C)(3) 170(B)(1)(A)(VI) N/A 0 YALE STREET MUTUAL HOUSING INC 63 STILLWATER AVENUE STAMFORD CT 06901 061466506 GENERAL PARTNER OF YALE STREET LIMITED PARTNERSHIP CT 501(C)(3) 170(B)(1)(A)(VI) N/A 0 GREENFIELD COMMONS INC 63 STILLWATER AVENUE STAMFORD CT 06901 371530477 PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES CT 501(C)(3) 170(B)(1)(A)(VI) N/A 0 WILTON COMMONS GP INC 63 STILLWATER AVENUE STAMFORD CT 06901 452797586 GENERAL PARTNER OF WILTON COMMONS APARTMENTS LIMITED PARTNERSHIP CT 501(C)(3) 170(B)(1)(A)(VI) N/A 0 MHA MERTON HOUSE LLC 63 STILLWATER AVENUE STAMFORD CT 06902 010864466 TO DEVELOP AND OPERATE 22 RESIDENTIAL UNITS FOR LOW INCOME FAMILIES CT 501(C)(3) 170(B)(1)(A)(VI) N/A 0 YALE STREET LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 061468585 QUALIFIED LOW-INCOME HOUSING PROJECT CONSISTING OF 44 UNITS CT YALE STREET MUTUAL HOUSING INC RELATED -100 1194763 0 1 WOODWARD CLIFFS LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 061448620 QUALIFIED LOW-INCOME HOUSING PROJECT CONSISTING OF 6 UNITS CT WOODWARD DEVELOPMENT CORPORATION CO MHA OF SW CT RELATED -19782 257935 0 1 HUNTINGTON SENIOR HOUSING LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 550815684 QUALIFIED LOW-INCOME HOUSING PROJECT CONSISTING OF 33 UNITS CT MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT LLC RELATED -32 723281 0 1 TRINITY PARK MUTUAL HOUSING ASSOCIATION LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 061439551 QUALIFIED LOW-INCOME HOUSING PROJECT CONSISTING OF 48 UNITS CT TRINITY PARK MUTUAL HOUSING ASSOCIATION INC RELATED -17863 -1345979 0 1 MAPLEWOOD SCHOOLS APARTMENTS LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 061413288 QUALIFIED LOW-INCOME HOUSING PROJECT CONSISTING OF 32 UNITS CT MAPLEWOOD COURT MUTUAL HOUSING ASSOCIATION INC RELATED -153212 1088979 0 1 WILTON COMMONS APARTMENTS LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 273928884 QUALIFIED LOW-INCOME HOUSING PROJECT CT WILTON COMMONS GP INC RELATED -27 2661775 0 1 FRIENDSHIP HOUSE APARTMENTS LIMITED PARTNERSHIP 63 STILLWATER AVENUE STAMFORD CT 06901 200344184 QUALIFIED LOW-INCOME HOUSING PROJECT CONSISTING OF 121 UNITS CT NNIMHA FRIENDSHIP HOUSE INC RELATED 10 628498 0 1 MHA WOODWARD CLIFFS LLC 63 STILLWATER AVENUE STAMFORD CT 06901 452853241 QUALIFIED LOW-INCOME HOUSING PROJECT CT MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT LLC RELATED -9988 -52643 0 1 WOODWARD DEVELOPMENT CORPORATION 63 STILLWATER AVENUE STAMFORD CT 06901 061448550 GENERAL PARTNER OF WOODWARD CLIFFS LIMITED PARTNERSHIP CT N/A C 109704 0.50000 0 NNIMHA FRIENDSHIP HOUSE INC 63 STILLWATER AVENUE STAMFORD CT 06901 760734145 GENERAL PARTNER OF FRIENDSHIP HOUSE APARTMENTS LIMITED PARTNERSHIP CT N/A C 5 0.50000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 HUNTINGTON SENIOR HOUSING LIMITED PARTNERSHIP D 275907 MAPLEWOOD SCHOOL APARTMENTS LIMITED PARTNERSHIP D 169475 WOODWARD CLIFFS LIMITED PARTNERSHIP D 64339 WILTON COMMONS APARTMENTS LIMITED PARTNERSHIP D 458098 FRIENDSHIP HOUSE APARTEMENTS LIMITED PARTNERSHIP D 77490 HUNTINGTON SENIOR HOUSING LIMITED PARTNERSHIP L 62286 YALE STREET MUTUAL HOUSING LIMITED PARTNERSHIP L 80932 MAPLEWOOD SCHOOL APARTMENTS LIMITED PARTNERSHIP L 56106 FRIENDSHIP HOUSE APARTEMENTS LIMITED PARTNERSHIP L 190739 WILTON COMMONS APARTMENTS LIMITED PARTNERSHIP L 131182