2013-10-18T15:44:52-05:00 2012-12-31 221478099 COHNREZNICK LLP 76 BATTERSON PARK ROAD FARMINGTON CT 06032 990 2012-01-01 223035152 MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC MUTU 2033596940 63 STILLWATER AVENUE STAMFORD CT 06902 NANCY HADLEY 2033596940 2013-10-16 1 PATRICIA E MCGOWAN CPA P00184514 8606786000 2012 2016-02-24 21:20:13Z NANCY HADLEY 63 STILLWATER AVE STAMFORD CT 06902 3514563 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 23 0 0 0 1003862 378451 1393171 2965893 378917 170219 0 0 2775950 3514563 0 0 0 0 466520 1073704 0 0 19995 1482562 1942933 1949082 3016637 826868 497926 27209211 20191218 13998269 7102580 13210942 13088638 TO CREATE AND SUSTAIN HOUSING, REVITALIZE NEIGHBORHOODS, AND ENHANCE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME RESIDENTS OF FAIRFIELD COUNTY. 0 0 1337375 1179059 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. 1290948 1786834 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 2628323 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 0 0 0 0 0 0 0 1 1 1 0 0 0 1 59 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X NANCY HADLEY 2036720226 63 STILLWATER AVENUE STAMFORD CT 06902 SYLVAN POMERANTZ 2.00 X 0 0 0 MILAGROSA SEGUINOT 2.00 X 0 0 0 ALICIA JOHNSON 2.00 X 0 0 0 THERESA KORIN 2.00 X 0 0 0 EURANIA ALICEA 2.00 X 0 0 0 DESMOND CLIFFORD 2.00 X 0 0 0 SAM MARCIANO 2.00 X 0 0 0 MICHAEL WIEDERLIGHT 2.00 X 0 0 0 TIMOTHY HODGES 2.00 X 0 0 0 NANCY HADLEY 40.00 X X 115000 0 18298 JENNIFER CHADWICK 2.00 X 0 0 0 LISA FEINBERG 2.00 X 0 0 0 NATHANIEL YORDON 2.00 X 0 0 0 STEPHANIE ROSS 2.00 X 0 0 0 115000 0 18298 1 0 0 0 HAYNES CONSTRUCTION 32 PROGRESS STREET SEYMOUR CT 06483 CONSTRUCTION 2733782 WIGGIN & DANA LLP PO BOX 1832 NEW HAVEN CT 06508 LEGAL 196368 FRANK CAPASSO & SONS INC 1003 MIDDLETOWN AVENUE NORTHFORD CT 06472 CONSTRUCTION 161606 3 184582 193869 378451 RENTAL INCOME 531110 1179059 1179059 MANANGEMENT FEES 531310 813262 813262 DEVELOPER FEES 531390 562775 562775 OTHER MISC. REVENUE 532000 261435 261435 PASSTHROUGH INCOME FRO 531110 149362 149362 2965893 170219 170219 3514563 2965893 0 170219 133298 73314 39989 19995 940406 735400 205006 57132 57132 269932 236350 33582 70106 13914 56192 334451 318642 15809 13495 10121 3374 192863 192863 351263 351263 108342 98507 9835 LOAN LOSS RESERVE 190598 190598 REPAIRS AND MAINTENANCE 161558 161558 PROGRAM SERVICES 116022 116022 MISCELLANEOUS 36755 36755 40416 35884 4532 3016637 2628323 368319 19995 957905 571028 310473 727936 14312 41617 32460 193241 919624 999440 25136 42201 14733215 5475501 16302708 9257714 212051 42337 8434542 8315704 27209211 20191218 569363 452694 9336752 3316473 4092154 3333413 13998269 7102580 X 8626547 8404160 4584395 4684478 13210942 13088638 27209211 20191218 X 497926 -620230 X X 0 1 X 1 1 1 X 1690551 1010981 742765 1003862 378451 4826610 1690551 1010981 742765 1003862 378451 4826610 4826610 36557 25244 16646 378917 170219 627583 5454193 10954975 0.88490 0.86210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 463495 463495 14042085 5250777 8791308 227635 224724 2911 9257714 DEFERRED DEVELOPER FEES RECEIVABLE 1262528 CONSTRUCTION IN PROGRESS 821096 PROPERTY DEVELOPMENT COSTS 10576 NOTES RECEIVABLE 3700939 LOAN COSTS 23201 ACCRUED INTEREST RECEIVABLE 20588 DUE FROM AFFILIATE 472372 INVESTMENT IN LIMITED PARTNERSHIP 857896 MORTGAGES RECEIVABLE 1146508 8315704 SECURITY DEPOSITS 55967 REFUNDABLE MEMBERSHIP FEES 299329 ACCRUED LIABILITIES 349256 LINE OF CREDIT 296734 INVESTMENT IN LIMITED PARTNERSHIP 1832127 OTHER NOTES PAYABLE 500000 3333413 X 3365201 0 3365201 149362 149362 3514563 2996695 0 2996695 19942 19942 3016637 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MHA HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2012. MHAS FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2009 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, 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: ORDINARY INCOME FROM SPRUCE STREET 149,362. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT IN PARTNERSHIPS 19,942. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS MADE UP OF RESIDENTS, COMMUNITY SECTOR, PUBLIC SECTOR, CORPORATE SECTOR, NOT-FOR-PROFIT SECTOR AND MEMBERS AT LARGE AS DEFINED IN THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD MEMBERS MUST BE MEMBERS OF THE ORGANIZATION. 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TRANSFERS/CAPITAL FUNDING -388,996. TRANSFER OF MERTON HOUSE -43,185. TRANSFER OF MHA WOODWARD -188,049. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. MHA YALE STREET LLC 63 STILLWATER AVENUE STAMFORD CT 06901 830425341 REHABILITATE AND MANAGE PROPERTIES ON YALE STREET IN BRIDGEPORT CONNECTICUT CT 34179 418769 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 141113 1560488 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 SPRUCE STREET TOWNHOMES LLC 63 STILLWATER AVENUE STAMFORD CT 06901 522405787 DEVELOP AFFORDABLE TOWNHOME CONDOMINIUMS IN STAMFORD CONNECTICUT CT N/A RELATED 149362 149355 0 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 -67 1463296 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 -7466 303720 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 -27 776987 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 40955 2600128 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 1702 919017 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 917697 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 -79 1361990 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 -31627 0 1 WOODWARD DEVELOPMENT CORPORATION 63 STILLWATER AVENUE STAMFORD CT 06901 061448550 GENERAL PARTNER OF WOODWARD CLIFFS LIMITED PARTNERSHIP CT N/A C 109811 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 0.50000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 HUNTINGTON SENIOR HOUSING LIMITED PARTNERSHIP D 319115 YALE STREET MUTUAL HOUSING LIMITED PARTNERSHIP D 64776 MAPLEWOOD SCHOOL APARTMENTS LIMITED PARTNERSHIP D 259978 WOODWARD CLIFFS LIMITED PARTNERSHIP D 44486 WILTON COMMONS APARTMENTS LIMITED PARTNERSHIP D 175992 FRIENDSHIP HOUSE APARTEMENTS LIMITED PARTNERSHIP D 212392 HUNTINGTON SENIOR HOUSING LIMITED PARTNERSHIP O 86304 YALE STREET MUTUAL HOUSING LIMITED PARTNERSHIP O 67896 MAPLEWOOD SCHOOL APARTMENTS LIMITED PARTNERSHIP O 43188 FRIENDSHIP HOUSE APARTEMENTS LIMITED PARTNERSHIP O 277266 WOODWARD CLIFFS LIMITED PARTNERSHIP O 4080