2013-11-07T11:22:46-06:00 2012-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2012-01-01 042944144 HOUSING CORPORATION OF ARLINGTON HOUS 7813163429 20 ACADEMY STREET NO G-11 ARLINGTON MA 02476 THOMAS NEE 7813163429 2013-09-30 1 MATTHEW HUTT CPA P01070603 5083669100 2013-09-27 2012 2016-03-07 17:11:31Z THOMAS NEE 20 ACADEMY STREET ARLINGTON MA 02476 1493346 0 X WWW.HOUSINGCORPARLINGTON.ORG X 1986 MA TO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE MEMBERS OF SOCIETY. 17 17 5 100 0 0 257755 330164 547737 1056097 130 249 -16340 97801 789282 1484311 87553 90850 0 0 130848 255006 0 0 41232 737403 1293230 955804 1639086 -166522 -154775 17770844 12522508 18265331 13171770 -494487 -649262 X TO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE INCOME MEMBERS OF SOCIETY. 0 0 1191556 1162933 THE AFFORDABLE HOUSING PROGRAM PROVIDED APARTMENTS AT RENTAL LEVELS BELOW MARKET RATES. THE PROGRAM WAS PROVIDED THROUGH 90 RENTAL UNITS OWNED BY HCA. 67595 61556 0 IN 2012, HCA RECEIVED FUNDING TO PROVIDE FINANCIAL ASSISTANCE TO ELIGIBLE PARTICIPANTS AND FOR HOUSING RELOCATION AND STABILIZATION SERVICES UNDER THE HOMELESS PREVENTION AND RAPID RE-HOUSING PROGRAM. APPROXIMATELY 32 AT-RISK HOUSEHOLDS RECEIVED SUPPORT UNDER THIS PROGRAM DURING 2012. 29294 29294 0 IN 2012, THE HOMELESS PREVENTION PROGRAM PROVIDED GRANTS TO APPROXIMATELY 32 AT-RISK HOUSEHOLDS ON THE VERGE OF LOSING THEIR HOUSING. THE MAJORITY OF THESE GRANTS WERE USED TO PAY BACK RENT. 261795 COSTS ASSOCIATED WITH OTHER PROGRAMS IN LINE WITH HOUSING CORPORATION OF ARLINGTON'S MISSION. 261795 1550240 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 34 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X PAMELA HALLETT 7813163429 20 ACADEMY STREET ARLINGTON MA 02476 PAUL PARRAVANO 2.00 X X 0 0 0 MARK LESSES 2.00 X X 0 0 0 THOMAS NEE 2.00 X X 0 0 0 DEBORAH LEWIS 2.00 X X 0 0 0 PAMELA BALDWIN 2.00 X 0 0 0 GREGORY BOWE 2.00 X 0 0 0 JANET BLODGETT 2.00 X 0 0 0 NEAL MONGOLD 2.00 X 0 0 0 KEISHA CLAIRZIER 2.00 X 0 0 0 MARY-ANNE MORRISON 2.00 X 0 0 0 JACK COOPER 2.00 X 0 0 0 ANNE DINOTO 2.00 X 0 0 0 MARC DOHAN 2.00 X 0 0 0 MARYLOU VEST 2.00 X 0 0 0 MARY DOYLE 2.00 X 0 0 0 DEIRDRE WESTCOTT 2.00 X 0 0 0 CARL FLUMERFELT 2.00 X 0 0 0 DAVID LEVY 40.00 X 33993 0 6730 PAMELA HALLETT 40.00 X 50370 0 2939 84363 0 9669 0 0 0 0 0 50142 5500 274522 330164 RENTAL INCOME 531110 856955 856955 DEVELOPER FEES & REIMB 531110 199142 199142 1056097 249 249 0 50142 9035 -9035 -9035 GAIN ON TRANSFER OF DE 531110 105312 105312 MISCELLANEOUS 531110 1524 1524 106836 1484311 1162933 0 -8786 90850 90850 94032 69584 11284 13164 129468 97705 14660 17103 14207 7999 2865 3343 17299 12801 2076 2422 68291 68291 28987 28987 30320 24518 2678 3124 14827 10972 1779 2076 22667 22667 711317 699045 12272 3013 3013 1619 1619 378582 378582 MISCELLANEOUS 20019 20019 BAD DEBTS 10648 10648 EQUIPMENT RENTAL 2940 2940 1639086 1550240 47614 41232 303280 67372 344118 287844 28269 50566 43673 16182 21982 14472481 2650301 16285451 11822180 771247 251188 17770844 12522508 98702 68864 80027 54813 18022411 13048093 64191 18265331 13171770 X -518624 -687708 24137 38446 -494487 -649262 17770844 12522508 -154775 0 X X 0 1 X 1 1 1 X 163430 310355 395324 257755 330164 1457028 163430 310355 395324 257755 330164 1457028 64110 1392918 2107 412 532 130 249 3430 1329 628 648 4312 1524 8441 1468899 3926282 0.94830 0.98540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1749615 1749615 9914483 2225253 7689230 2800777 419026 2381751 7606 6022 1584 11822180 X PART IV, LINE 2B: HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WITH TENANT RENTAL AGREEMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: HCA FOLLOWS THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRE INTEREST AND PENALTIES, AND TO ADJUST THEIR CONSOLIDATING FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2012, HCA DETERMINED THAT THEY HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. HCA FILES INCOME TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. WALK FOR AFFORDABLE HOUSING 50142 50142 9035 50142 50142 9035 9035 -9035 1 HOMELESS PREVENTION PROGRAM 68 29294 HOMELESS PREVENTION (HPRP) 67 61556 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE HOMELESS PREVENTION PROGRAM WAS CREATED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO ARLINGTON RESIDENTS FACING EVICTION DUE TO AN UNEXPECTED CRISIS. THE PROGRAM PROVIDES GRANTS TO ASSIST WITH BACK RENT, AN UNEXPECTED CRISIS OR CURITY DEPOSITS. GRANTS ARE CAPPED AT $1,500 AND GIVEN ONLY IN CASES IN WHICH THE ASSISTANCE WILL STABILIZE A RESIDENT'S HOUSING FOR AT LEAST SIX MONTHS. FORMAL PROGRAM GUIDELINES SET FORTH EILIGIBLE COSTS, INCOME LIMITS OF APPLICANTS, AND FUNDING LIMITS. THE PROGRAM IS ADMINISTERED BY HCA, THE TOWN OF ARLINGTON HUMAN SERVICES DEPARTMENT AND A COMMUNITY APOINTEE REVIEW ALL APPLICANTS AND MAKES A RECOMMENDATION TO HCA MANAGEMENT FOR GRANTS. MANAGEMENT OF HCA MAKES THE FINAL FUNDING DECISIONS. HCA ALSO ADMINISTERS THE HOMELESS PREVENTION AND RAPID RE-HOUSING PROGRAM. THIS PROGRAM PROVIDES SIMILAR SUPPORT AND OPERATES IN A SIMILAR MANNER TO THE HOMELESS PREVENTION FUND DECRIBED ABOVE. PAMELA HALLETT EXECUTIVE DIRECTOR 25330 DURING 2012, HCA ENTERED INTO A NOTE PAYABLE AGREEMENT WITH PAMELA HALLETT, EXECUTIVE DIRECTOR. THIS NOTE PAYABLE OBLIGATION WAS REPAID IN FULL AS OF YEAR END. 0 FORM 990, PART VI, SECTION B, LINE 11 HCA'S EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990. ONCE APPROVED BY THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HCA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO SIMILAR ORGANIZATIONS AND REASONABLE FOR THE DUTIES BEING PERFORMED. THE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THESE ITEMS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN 2012. ACADEMY DEVELOPMENT PARTNERS INC 20 ACADEMY STREET ARLINGTON MA 02476 371654418 AFFORDABLE HOUSING MA 501(C)(3) LINE 7 N/A 0 CAPITOL SQUARE APARTMENTS LLC 20 ACADEMY STREET ARLINGTON MA 02476 460615711 RENTAL REAL ESTATE MA 252 258-260 MASS AVE LLC N/A 1 0 252 258-260 MASS AVE LLC 20 ACADEMY STREET ARLINGTON MA 02476 800898408 RENTAL REAL ESTATE MA N/A C 1078 0.79000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 ACADEMY DEVELOPMENT PARTNERS INC D 47927 FAIR MARKET VALUE CAPITOL SQUARE APARTMENTS LLC D 122009 FAIR MARKET VALUE CAPITOL SQUARE APARTMENTS LLC D 3209036 FAIR MARKET VALUE CAPITOL SQUARE APARTMENTS LLC R 4300000 FAIR MARKET VALUE CAPITOL SQUARE APARTMENTS LLC L 199142 FAIR MARKET VALUE