2013-11-08T15:01:45-06:00 2012-12-31 043097400 KEVIN P MARTIN ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2012-01-01 237099102 CHARLESVIEW INC CHAR 7817941000 123 ANTWERP STREET BRIGHTON MA 02135 ROBERT FOX 7817941000 2013-11-07 1 KRISTIN E LABONTE CPA P00744707 7813803520 2013-11-07 2012 2016-02-24 21:20:13Z X FATHER FRANK GLYNN 123 ANTWERP STREET BRIGHTON MA 02135 8434794 0 X N/A X 1969 MA CHARLESVIEW, INC. IS DEDICATED TO ADVANCING THE WELL-BEING OF INDIVIDUALS AND FAMILIES AND PROMOTING THE DIVERSITY AND VIBRANCY OF THE ALLSTON/BRIGHTON COMMUNITY. WE DO THIS BY PROVIDING HEALTHY, AFFORDABLE HOMES; OFFERING PROGRAMS DESIGNED TO ENRICH, EDUCATE AND INSPIRE; AND ENGAGING IN INNOVATIVE PHILANTHROPY. 13 13 1 0 0 0 2893739 3751233 1399898 4644082 70289510 5758 52288 33721 74635435 8434794 918925 0 0 0 0 33772 0 0 0 11912243 4348732 12831168 4382504 61804267 4052290 64683865 68967191 367072 365073 64316793 68602118 X CHARLESVIEW, INC. IS DEDICATED TO ADVANCING THE WELL-BEING OF INDIVIDUALS AND FAMILIES AND PROMOTING THE DIVERSITY AND VIBRANCY OF THE ALLSTON/BRIGHTON COMMUNITY. WE DO THIS BY PROVIDING HEALTHY, AFFORDABLE HOMES; OFFERING PROGRAMS DESIGNED TO ENRICH, EDUCATE AND INSPIRE; AND ENGAGING IN INNOVATIVE PHILANTHROPY. 0 0 2661398 1302895 PROVIDE 213 UNITS OF AFFORDABLE HOUSING TO PERSONS OF LOW AND MODERATE INCOME AND 4 COMMERCIAL UNITS, IN ALLSTON, MASSACHUSETTS. THE BUILDING WAS SOLD DURING 2011, HOWEVER, PURSUANT TO A MASTER LEASE AGREEMENT, CHARLESVIEW, INC. IS STILL OPERATING THE AFFORDABLE HOUSING PROJECT ON BEHALF OF THE THIRD PARTY BUYER. 1721106 3374908 PROVIDE FINANCING TO DEVELOP AFFORDABLE HOUSING PROJECT. 4382504 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 27 0 1 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 MA X JUSTIN PAQUETTE 7817941000 PEABODY PROPERTIES INC 536 GRANITE BRAINTREE MA 02184 ROBERT FOX 2.00 X X 0 0 0 MARIE ACE 2.00 X X 0 0 0 FATHER FRANK GLYNN 2.00 X X 0 0 0 WILLIAM ROSENBERG 2.00 X 0 0 0 DR LAWRENCE FIORENTINO 2.00 X 0 0 0 ETTA ANDERSON 2.00 X 0 0 0 LILLIAN BURGESS 2.00 X 0 0 0 ROBERT MARSHALL 2.00 X 0 0 0 RABBI YONAH BERMAN 2.00 X X 0 0 0 JOHN CUSAK 2.00 X 0 0 0 ANDREW GILSON 2.00 X 0 0 0 ZACHARY KERZEE 2.00 X 0 0 0 OMRI FINE 2.00 X 0 0 0 JO-ANN BARBOUR 40.00 X 30962 0 0 30962 0 0 0 0 0 0 PEABODY PROPERTIES 536 GRANITE STREET BRAINTREE MA 02184 OFFICE, MAINTENANCE AND OTHER SERVICES 579151 PEABODY PROPERTIES 536 GRANITE STREET BRAINTREE MA 02184 MANAGEMENT FEE 202843 2 3751233 3751233 DISCOUNT ACCRETION ON 900099 3144842 3144842 TENANT RENT 531110 1269174 1269174 INTEREST ON NOTES RECE 900099 230066 230066 4644082 5758 5758 LAUNDRY & VENDING 531390 23521 23521 STORES & COMMERCIAL 531390 10200 10200 33721 8434794 4677803 0 5758 X 30962 30962 2810 2810 202843 202843 23889 23889 22875 22875 665116 665116 321 321 60751 60751 1564948 1564948 DISCOUNT ON NOTES RECEI 1721106 1721106 RELOCATION EXPENSES 67022 67022 BAD DEBT 16000 16000 3861 3861 4382504 4382504 0 0 965273 2389127 137170 137828 61650891 63497023 33068 41535 1897463 2901678 64683865 68967191 239942 185548 50087 46530 67043 73138 10000 10000 47757 0 2100 367072 365073 X 64316793 68602118 64316793 68602118 64683865 68967191 4052290 233035 0 X 0 1 X 1 1 1 X 1816401 1865356 2079754 2893739 3751233 12406483 1280454 1305512 1249784 1399898 4644082 9879730 3096855 3170868 3329538 4293637 8395315 22286213 0 3290560 3290560 3290560 3290560 18995653 23546 12245 5280 7406 5758 54235 23546 12245 5280 7406 5758 54235 29641 50924 21284 52288 33721 187858 3150042 3234037 3356102 4353331 8434794 22528306 0.84320 0.98460 0.00240 0.00440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 COMMERCIAL SECURITY DEPOSIT 2100 2100 X 8434794 0 8434794 0 8434794 4382504 0 4382504 0 4382504 PART IV, LINE 2B: CHARLESVIEW, INC. HAS TENANT DEPOSITS HELD IN TRUST OF $73,138 FOR THE YEAR ENDED DECEMBER 31, 2012. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED DECEMBER 31, 2012, THE CORPORATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. GENERALLY, THE CORPORATION'S INFORMATION RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE FILING DATE. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. X 1 0 0 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE ORGANIZATION RECEIVED A PORTRAIT OF ONE OF THE FOUNDING BOARD MEMBERS THAT WAS DONATED AND ASSESSED AT $10,000. REVENUE WAS NOT REPORTED ON PART VIII FOR THIS DONATED ITEM. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT COMPANY: PEABODY PROPERTIES, 536 GRANITE STREET, BRAINTREE, MA 02184 781-794-1000. THE CORPORATION INCURRED A MANAGEMENT FEE OF $202,843 FOR THE YEAR ENDED DECEMBER 31, 2012. THE MANAGEMENT FEE IS EQUAL TO 4% OF TOTAL RENT COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL THE OPENING AND RELOCATION OF THE TENANTS TO THE RELOCATION SITE. FORM 990, PART VI, SECTION A, LINE 6 FIFTEEN INCORPORATORS SIGNED AGREEMENT ON MAY 9, 1969 TO FORM "A PRIVATE CORPORATION UNDER AND SUBJECT TO THE PROVISIONS OF CHAPTER 121A OF THE (MASSACHUSETTS) GENERAL LAWS AND TO PROVIDE, ON A NON-PROFIT BASIS, PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, HOUSING FOR THE USE AND OCCUPANCY BY FAMILIES DISPLACED FROM URBAN RENEWAL AREAS OR BY GOVERNMENT ACTION AND BY FAMILIES OF LOW OR MODERATE INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS, AND ALSO FOR ITSELF OR OTHER PERSONS IDENTITFIED HEREWITH. THE CORPORATION IS IRREVOCABLY DEDICATED TO, AND OPERATED EXCLUSIVELY FOR, NON-PROFIT PURPOSES." FORM 990, PART VI, SECTION A, LINE 7A FROM THE ARTICLES OF ORGANIZATION,"THE CORPORATION SHALL HAVE AN ODD NUMBER OF DIRECTORS, NOT LESS THAN THREE, AS FIXED BY THE BYLAWS, WHO SHALL BE ELECTED BY THE STOCKHOLDERS, AND WHO SHALL SERVE UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED." FORM 990, PART VI, SECTION A, LINE 7B ACCORDING TO THE BYLAWS "THE DIRECTORS SHALL BE ELECTED BY THE STOCKHOLDERS AT THE ANNUAL MEETING", AND "THE BUSINESS OF THE CORPORATION SHALL BE MANAGED BY (THE) BOARD OF DIRECTORS..." AND "A DIRECTOR MAY BE REMOVED FROM OFFICE (A)...BY A VOTE OF A MAJORITY OF THE STOCKHOLDERS...OR (B) FOR CAUSE BY A MAJORITY OF THE DIRECTORS...". FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD TREASURER BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST OTHER FEES FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 579,151. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 579,151. DEVELOPMENT CONSULTANT: PROGRAM SERVICE EXPENSES 85,965. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,965.