2013-11-11T14:46:36-06:00 2012-12-31 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2012-01-01 042875899 CARITAS COMMUNITIES INC % CAROL CARDOZO CARI 7818431242 25 Braintree Hill Office Park Suite 206 Braintree MA 02184 CAROL CARDOZO 7818431242 2013-11-11 true LEONARD J BERKOWITZ 6176481400 2012 2016-02-24 21:20:13Z MARK J WINKELLER 25 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 7100932 false X N/A X 1985 MA DEVELOPS, OWNS, AND MANAGES DECENT HOUSING FOR WORKING POOR INDIVIDUALS. 16 16 58 0 224132 403930 4350931 5270913 14101 27896 175956 1217420 4765120 6920159 0 0 0 0 1868753 2159649 0 0 0 3466739 3900679 5335492 6060328 -570372 859831 28493064 29515979 26957938 27121022 1535126 2394957 TO ACQUIRE AND DEVELOP HOUSING AND TO PROVIDE DIRECT CARE SOCIAL SERVICES TO BENEFIT UNDERSERVED LOW INCOME MEMBERS OF SOCIETY, WITHOUT PECUNIARY GAIN OR PROFIT INCIDENTAL OR OTHERWISE TO ITS MEMBERS. CARITAS COMMUNITIES SERVES THE HOUSING NEEDS OF LOW AND EXTREMELY LOW-INCOME INDIVIDUALS THROUGH THE DEVELOPMENT AND LONG-TERM MANAGEMENT OF AFFORDABLE ROOMING HOUSES BY REHABILITATING EXISTING PROPERTIES AND BUILDING ON VACANT LAND, THEY IMPROVE NEIGHBORHOODS WHILE PROVIDING MUCH NEEDED HOUSING. false false 6060328 5270913 In 1985, P. Leo Corcoran, a partner in the real estate firm John M. Corcoran & Company, founded Caritas Communities, a nonprofit, nonsectarian organization. Concerned about the rising number of homeless people, including working people unable to afford decent housing, Mr. Corcoran and the original board of directors adopted the lodging house model as an efficient and affordable means of providing quality accomodations at an affordable rent. From the beginning, Caritas has focused its efforts on preventing homelessness and stabilizing neighborhoods by providing affordable housing for people who can't make a living wage. Starting with an 11 room property in Dorchester twenty-seven years ago, Caritas now owns 29 buildings throughout 14 Greater Boston communities with 892 rooms. In 2012 Caritas continued the substantial renovation and preservation of the Connie Worcester House on Marlborough Street in Boston. This 16-unit brownstone provides affordable housing for elderly, disabled and others on fixed income or who cannot make a living wage. Caritas also embarked on a partnership with the South Boston Neighborhood Development Corp to re-purpose the former D Street Police station in South Boston to become a 24-unit residential complex with preference for low and extremely low income veterans and families, the only of such housing in Greater Boston. 6060328 true true false false false false false false false true false false true true true false true false false false false false false true false false false false true false false false false false false false false false false false false true true false false false true 40 0 true 58 true false false false false false true true false false false false X 16 16 false false false false false false false true false false false true true true true false true true true false MA X X CAROL CARDOZO 7818431242 25 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 X JAMES COUGHLIN 0.3 0.6 X 0 0 0 KEVIN BYRNE 0.3 0.6 X 0 0 0 WILLIAM MCLAUGHLIN 0.3 0.6 X 0 0 0 LEO J CORCORAN 0.3 0.6 X 0 0 0 Robert Maulden 0.3 0.6 X 0 0 0 GORDON PULSIFER 0.3 0.6 X 0 0 0 JASON KORB 0.3 0.6 X 0 0 0 DAVID GREENBALT 0.3 0.6 X 0 0 0 JON R RUDZINSKI 0.3 0.6 X 0 0 0 JANET MEANEY 0.3 0.6 X 0 0 0 DIANE RUBIN 0.3 0.6 X 0 0 0 KEVIN O'FLAHERTY 0.3 0.6 X 0 0 0 GINA MARTINEZ 0.3 0.6 X 0 0 0 MATTHEW OSBORNE 0.3 0.6 X 0 0 0 FRANK CAPEZZERAESQ 5.0 10.0 X 0 0 0 MAURA E MURPHY 2.0 4.0 X 0 0 0 CAROL CARDOZO 34.0 6.0 X 25128 0 0 EDWARD HARRINGTON 20.0 4.0 X 85998 0 2340 MARK WINKELLER 36.0 4.0 X 178437 0 4200 THOMAS NEE 40.0 X 103813 0 28765 JONATHAN WRIGHT 40.0 X 102644 0 30168 496020 0 65473 3 false true false LANDMARK STRUCTURES CORP 282 Montvale Avenue WOBURN MA 01801 CONSTRUCTION 515943 1 403930 403930 RENTAL INCOME 531190 4010309 4010309 MANAGEMENT FEE 531190 330314 330314 DEVELOPMENT FEES 531190 671548 671548 MISCELLANEOUS 531190 258742 258742 5270913 27896 27896 0 0 0 0 0 0 451295 180773 270522 270522 0 0 SALE OF STATE HISTORIC TAX CREDITS 531190 946898 946898 946898 6920159 5270913 1245316 0 0 0 0 1752085 1752085 0 0 0 259804 259804 147760 147760 0 162840 162840 32201 32201 0 0 0 0 0 110813 110813 0 0 90791 90791 0 0 0 606457 606457 0 966839 966839 156933 156933 UTILITIES 633286 633286 REPAIR/MAINT 487804 487804 SOCIAL SERVICES 28450 28450 MISC COSTS 247878 247878 376387 376387 6060328 6060328 0 0 1069686 1327278 0 0 0 0 814463 303388 0 0 0 0 45465 991233 0 0 0 0 31891301 8644441 23278797 23246860 0 0 1044280 1065083 0 0 0 0 2240373 2582137 28493064 29515979 1729498 1792645 0 0 40079 29584 0 0 0 0 0 0 24242876 24979018 0 0 945485 319775 26957938 27121022 X 1473126 2104957 62000 290000 0 0 1535126 2394957 28493064 29515979 859831 X false true X true false X 451574 436343 700475 224132 403930 2216454 0 0 451574 436343 700475 224132 403930 2216454 413855 1802599 171678 115132 13796 14101 27896 342603 0 2398 2398 2561455 0.70374 0.68788 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3740267 3740267 27373856 8266309 19107547 3479 348 3131 773699 377784 395915 23246860 FINANCING COSTS 119128 OPERATING/DEBT SERVICE REVENUE 194530 REPLACEMENT RESERVE 1325257 DEVELOPMENT COSTS 128930 DUE FROM AFFILIATES 548850 MORTGAGE ESCROWS 265442 2582137 0 DUE TO AFFILIATES 128322 TENANT SECURITY DEPOSITS 191453 319775 X FIN 48 Schedule D, Part XIV, Item 2 Income Taxes The Corporation has 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, 2012. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. ANNUAL DINNER 451295 451295 180773 0 451295 451295 180773 180773 270522 X X X X false true false false false false false false false MARK WINKELLER 160000 0 10000 0 8437 0 4200 0 0 0 182637 0 0 0 GOVERNANCE PART VI, SECTION A, question 8b THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. governance PART VI, SECTION b, question 11 THE OUTSIDE CPA FIRM WHO PERFORMS AN AUDIT OF THE FINANCIAL STATEMENTS PREPARES THE FORM 990 WITH INPUT PROVIDED BY THE CARITAS CHIEF FINANCIAL OFFICER. THE COMPLETE FORM 990 IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND IS MADE AVAILABLE TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS FOR REVIEW. A COPY WILL BE FURNISHED TO EACH DIRECTOR. governance PART VI, SECTION B, question 12C THE SIGN OFF OF THE POTENTIAL CONFLICT OF INTEREST FORM IS GENERALLY MADE EACH YEAR BY EACH MEMBER OF THE CARITAS COMMUNITIES BOARD OF DIRECTORS AND SENIOR MANAGEMENT AND IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER. governance pART VI, SECTION B, question 15A AT THE DECEMBER MEETING EACH YEAR THE FULL BOARD OF DIRECTORS MEETS WITH THE AUDIT AND FINANCE COMMITTEE TO CONSIDER THE PLANNED COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE TREASURER/CHIEF FINANCIAL OFFICER WITH BOTH INDIVIDUALS ABSENT FROM THE MEETING. PRIOR THERETO THE CHAIRMAN OF THE FINANCE AND AUDIT COMMITTEE DISCUSSES SALARY INFORMATION OBTAINED FROM OUR INDEPENDENT AUDITING FIRM REGARDING SALARIES PAID TO EXECUTIVE DIRECTORS AND TREASURERS IN COMPARABLE ORGANIZATIONS. THE AUDIT AND FINANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD WHO DISCUSSES AND VOTES ON THE COMPENSATION OF THESE TWO INDIVIDUALS FOR THE COMING YEAR. governance part vi, section c, question 19 EACH YEAR CARITAS COMMUNITIES INC. PREPARES A CONSOLIDATED ANNUAL REPORT WHICH INCLUDES BEDFORD VETERANS QUARTERS INC AND SEAN BROOK HOUSE INC. APPROXIMATELY 2500 COPIES OF THIS ANNUAL REPORT ARE MAILED TO SUPPORTERS AND LENDERS OF CARITAS COMMUNITIES INC. AND SUBSIDIARIES. THIS REPORT INCLUDES THE NAMES OF THE MEMBERS OF THE BOARD OF DIRECTORS, NAMES OF OFFICE AND SITE PERSONNEL, ANNUAL INCOME AND EXPENSE SUMMARY, STATUS OF PROJECTS, AND LISTING OF THE ROOMING HOUSES AND LENDING ORGANIZATIONS. IN ADDITION, EACH YEAR THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF CARITAS COMMUNITIES INC. AND SUBSIDIARIES ARE EXAMINED BY A CPA FIRM AND ARE DISTRIBUTED TO OVER 20 LENDING INSTITUTIONS. OTHER GOVERNANCE DOCUMENTS AND CONFLICT OF INTEREST REPORTING FORMS ARE GENERALLY CONSIDERED TO BE INTERNAL DOCUMENTS AND ARE NOT USUALLY DISTRIBUTED TO THE GENERAL PUBLIC BUT MAY BE AVAILABLE UPON REQUEST. 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