2014-11-13T14:41:59-06:00 2013-12-31 COHNREZNICK LLP 500 EAST PRATT STREET SUITE 200 BALTIMORE MD 212023100 990 2013-01-01 042802804 COUNCIL OF ELDERS HOUSING CORPORATION % CHITRA SHARMA COUN 6173632300 ONE FLORENCE STREET Suite BOSTON MA 02131 CHITRA SHARMA member 6173632300 2014-11-15 true PHILIP H CORNBLATT CPA P00252478 6173632300 2013 2015-11-30 17:44:51Z THELMA MOORE ONE FLORENCE STREET BOSTON MA 02131 2569728 false X N/A X 1980 MA TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 7 7 0 0 0 0 2692687 2566271 5769 3457 0 0 2698456 2569728 0 0 0 0 279728 270281 0 0 0 3016954 2437982 3296682 2708263 -598226 -138535 12095052 11378396 12541865 11963744 -446813 -585348 TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. false false 2583536 2566271 PROVIDED A FACILITY WITH 144 LOW-INCOME HOUSING UNITS TO ELDERLY PERSONS WITH FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING 2583536 true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 true 0 false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false MA X CHITRA SHARMA 6174695814 ONE FLORENCE STREET BOSTON MA 02131 X THELMA MOORE vice-president/treasurer 1.0 X X RICHARD BROWN assistant treasurer 1.0 X X NANCY EMERSON LOMBARDO assistant clerk/Secretary 1.0 X X LILLIAN CORBIN clerk/secretary 1.0 X X CHERYL DORSEY BOARD MEMEBER 1.0 X MARIE E COLEMAN BOARD MEMEBER 1.0 X RUDOLPH R RUSSELL JR BOARD MEMEBER 1.0 X 0 false false false Rogerson Communities ONE FLORENCE STREET BOSTON MA 02131 Management 564134 US SECURITY ASSOCIATES INC 50 Braintree Hill Office Park 303 BRAINTREE MA 02184 SECURITY 103315 2 0 RENTAL INCOME 531110 2556602 2556602 LAUNDRY INCOME 531110 9669 9669 2566271 3457 3457 0 0 0 0 0 0 0 0 0 0 2569728 2566271 3457 0 0 0 0 0 0 269201 269201 0 0 1080 1080 102504 102504 23607 23607 21625 21625 0 0 0 0 687 687 18701 18701 0 0 0 0 0 0 634000 634000 0 442082 442082 112217 112217 RESIDUAL RECEIPT EXPENSE 47591 47591 0 UTILITIES 292485 292485 0 REAL ESTATE TAX 230094 230094 0 INCENTIVE MANAGEMENT FEES 76898 76898 0 435491 427988 7503 2708263 2583536 124727 0 382002 337479 53263 54179 0 0 1915 16519 0 0 0 0 0 0 0 0 62459 2550 17468035 8492548 9404215 8975487 0 0 0 0 0 0 234536 227730 1956662 1764452 12095052 11378396 80223 58902 0 0 2449 13089 0 0 0 0 0 0 11185998 11068318 0 0 1273195 823435 12541865 11963744 X -446813 -585348 0 0 0 0 -446813 -585348 12095052 11378396 -138535 X false true X true true true X false false false 0 0 0 0 0 0 2426567 4632740 2584780 2692687 2566271 14903045 0 0 0 2426567 4632740 2584780 2692687 2566271 14903045 0 0 0 14903045 13405 5031 4564 5769 3457 32226 0 13405 5031 4564 5769 3457 32226 0 37356 0 37356 2477328 4637771 2589344 2698456 2569728 14972627 0.99535 0.99420 0.00215 0.00328 X 135000 135000 17067892 8268731 8799161 265143 223817 41326 8975487 RESERVE FOR REPLACEMENTS 1105781 MORTGAGE ESCROW DEPOSITS 547278 OTHER RESERVES 111393 1764452 0 ACCRUED EXPENSES 624184 TENANT SECURITY DEPOSITS 40721 ACCRUED INTEREST PAYABLE 52575 RESIDUAL RECEIPT LIABILITY 105955 823435 X 2569728 2569728 2569728 2708263 2708263 2708263 Part X line 2 Council of Elders Housing Corporation have applied for and received a determination letter from the Internal Revenue Service (IRS) to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2013. Due to their tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and do file tax returns with the IRS and other taxing authorities. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2010 remain open. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPRECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12 THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A draft of the form 990 is reviewed and authorized by a member of the board of directors prior to filing with the IRS. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:REPAIRS AND MAINTENANCE TOTAL EXPENSES:404882 PROGRAM SERVICES:404882 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TAXES & PERMITS TOTAL EXPENSES:500 PROGRAM SERVICES:500 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:GENERAL AND ADMIN EXPENSES TOTAL EXPENSES:27057 PROGRAM SERVICES:19554 MANAGEMENT AND GENERAL:7503 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANK CHARGES TOTAL EXPENSES:307 PROGRAM SERVICES:307 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBTS TOTAL EXPENSES:2745 PROGRAM SERVICES:2745 FUNDRAISING: