CHARLESVIEW INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CHARLESVIEW INC (EIN 23-7099102)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-15
- IRS object ID
- 201213209349304876
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-15T13:13:40-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043097400 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN P MARTIN & ASSOCIATES PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 FORBES WEST | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237099102 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLESVIEW INC CO PEABODY PROPERTIES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHAR | NameControl |
| Phone | 7817941000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 536 GRANITE STREET | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02184 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT FOX | Name |
| Title | TREASURER | Title |
| Phone | 7817941000 | Phone |
| Date Signed | 2012-11-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KRISTIN LABONTE | Name |
| PTIN | P00744707 | PTIN |
| Phone | 7813803520 | Phone |
| Date Prepared | 2012-11-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | FATHER FRANK GLYNN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 536 GRANITE STREET | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 99908248 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1969 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LOW AND MODERATE INCOME IN ALLSTON, MASSACHUSETTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2079754 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2893739 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1249784 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1399898 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5280 | InvestmentIncomePriorYear |
| Investment Income Current Year | 70289510 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 21284 | OtherRevenuePriorYear |
| Other Revenue Current Year | 52288 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3356102 | TotalRevenuePriorYear |
| Total Revenue Current Year | 74635435 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 918925 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2727962 | OtherExpensePriorYear |
| Other Expenses Current Year | 11912243 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2727962 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12831168 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 628140 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 61804267 | RevenuesLessExpensesCY |
| Total Assets BOY | 11442447 | TotalAssetsBOY |
| Total Assets EOY | 64683865 | TotalAssetsEOY |
| Total Liabilities BOY | 8929921 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 367072 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2512526 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 64316793 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LOW AND MODERATE INCOME IN ALLSTON, MASSACHUSETTS. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 3170601 | Expense |
| Revenue | 89346770 | Revenue |
| Description | 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9660567 | Expense |
| Grants | 918925 | Grants |
| Revenue | 99245 | Revenue |
| Description | PROVIDE FINANCING TO DEVELOP AFFORDABLE HOUSING PROJECT. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 12831168 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 1 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 20 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JUSTIN PAQUETTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7817941000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PEABODY PROPERTIES INC 536 GRANITE | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| RABBI ABRAHAM HALBFINGER | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| ROBERT FOX | ||||||
| TREASURER | 0.20 | X | 0 | 0 | 0 | X |
| MARIE ACE | ||||||
| SECRETARY | 0.20 | X | 0 | 0 | 0 | X |
| FATHER FRANK GLYNN | ||||||
| CHAIRMAN/PRESIDENT | 0.20 | X | 0 | 0 | 0 | X |
| WILLIAM ROSENBERG | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| DR LAWRENCE FIORENTINO | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| ETTA ANDERSON | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| LILLIAN BURGESS | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| RABBI AZRIEL BLUMBERG | ||||||
| VICE PRESIDENT/DIRECTOR | 0.20 | X | 0 | 0 | 0 | X |
| REV SAM JOHNSON | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| PAUL FLECK | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| LORI LAMPERT | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| ROBERT MARSHALL | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PEABODY PROPERTIES | |||||
| 536 GRANITE STREET | BRAINTREE | MA | 02184 | OFFICE, MAINTENANCE AND OTHER SERVICES | 608628 |
| PEABODY PROPERTIES | |||||
| 536 GRANITE STREET | BRAINTREE | MA | 02184 | MANAGEMENT FEE | 206586 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Government Grants | 2893739 | GovernmentGrants |
| Total Contributions | 2893739 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TENANT RENT | 531110 | 1300653 | 1300653 |
| INTEREST ON NOTES RECE | 900099 | 99245 | 99245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1399898 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7406 | TotalRevenueColumn |
| Exclusion | $7,406 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 95554917 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 25272813 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 70282104 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 70282104 | TotalRevenueColumn |
| Related Or Exempt Function Income | 87993829 | RelatedOrExemptFunctionIncome |
| Exclusion | -$17,711,725 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LAUNDRY & VENDING | 531390 | 33602 | 33602 |
| STORES & COMMERCIAL | 531390 | 10200 | 10200 |
| INSURANCE PROCEEDS | 531390 | 1350 | 1350 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7136 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7136 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 52288 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 74635435 | TotalRevenueColumn |
| Related Or Exempt Function Income | 89446015 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$17,704,319 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 918925 | Total |
| Program Services | 918925 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 206586 | Total |
| Program Services | 206586 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16363 | Total |
| Program Services | 16363 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54387 | Total |
| Program Services | 54387 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 572844 | Total |
| Program Services | 572844 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 675 | Total |
| Program Services | 675 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62764 | Total |
| Program Services | 62764 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2065363 | Total |
| Program Services | 2065363 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163161 | Total |
| Program Services | 163161 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| DISCOUNT ON NOTES RECEI | 8741642 | 8741642 |
| ADMINISTRATIVE EXPENSES | 23295 | 23295 |
| OTHER RENTING EXPENSES | 5073 | 5073 |
| MISC TAXES, LICENSES, P | 90 | 90 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12831168 | Total |
| Program Services | 12831168 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 355435 | BOY |
| EOY | 965273 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29689 | BOY |
| EOY | 137170 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 61650891 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30395 | BOY |
| EOY | 33068 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 0 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4460421 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6566507 | BOY |
| EOY | 1897463 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11442447 | BOY |
| EOY | 64683865 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138989 | BOY |
| EOY | 239942 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27197 | BOY |
| EOY | 50087 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 67043 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4697528 | BOY |
| EOY | 10000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4066207 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8929921 | BOY |
| EOY | 367072 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2512526 | BOY |
| EOY | 64316793 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2512526 | BOY |
| EOY | 64316793 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11442447 | BOY |
| EOY | 64683865 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 61804267 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1757796 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1816401 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1865356 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2079754 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2893739 | CurrentTaxYear |
| Total | 10413046 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1237632 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1280454 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1305512 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1249784 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1399898 | CurrentTaxYear |
| Total | 6473280 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2995428 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3096855 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3170868 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3329538 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4293637 | CurrentTaxYear |
| Total | 16886326 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 16886326 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26445 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 23546 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12245 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5280 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7406 | CurrentTaxYear |
| Total | 74922 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26445 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 23546 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12245 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5280 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7406 | CurrentTaxYear |
| Total | 74922 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 34504 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 29641 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 50924 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 21284 | CurrentTaxYearMinus1Year |
| Current Tax Year | 52288 | CurrentTaxYear |
| Total | 188641 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3056377 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3150042 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3234037 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3356102 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4353331 | CurrentTaxYear |
| Total | 17149889 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.98460 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98200 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00440 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00610 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Total Revenue | 74635435 | TotalRevenue |
| Total Expenses | 12831168 | TotalExpenses |
| Excess Or Deficit For Year | 61804267 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 61804267 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 74635435 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 74635435 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 74635435 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12831168 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12831168 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12831168 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | CHARLESVIEW, INC. HAS TENANT DEPOSITS HELD IN TRUST OF $67,043 FOR THE YEAR ENDED DECEMBER 31, 2011. | |
| PART X: | 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, 2011, 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. ALL TAX YEARS PRIOR TO 2008 ARE CLOSED VIA THE PASSING OF THE STATUTE OF LIMITATIONS. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| TELFORD STREET HOMEOWNERSHIP LLC | ||||||
| 95 BERKELEY STREET | BOSTON | MA | 02116 | 042324773 | 504669 | ASSIST IN THE DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS |
| BRIGHTON MILLS HOMEOWNERSHIP LLC | ||||||
| 95 BERKELEY STREET | BOSTON | MA | 02116 | 042324773 | 414256 | ASSIST IN THE DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: A COMMON DEVELOPER IS DEVELOPING THE PROJECTS AND REPORTING BACK TO CHARLESVIEW. | Explanation |
Schedule N IRS990ScheduleN
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | SEE PART III | DescriptionOfAsset |
| Date Of Distribution | 2011-06-30 | DateOfDistribution |
| FMV Of Asset | 92633321 | FMVOfAsset |
| Method Of FMV Determination | SEE PART III | MethodOfFMVDetermination |
| EIN | 042103580 | EIN |
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESIDENT AND FELLOWS OF HARVARD COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1350 MASS AVENUE | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(C)(3) | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2 |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2 |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2 |
| Receive Compensation2 | 0 | ReceiveCompensation2 |
Form990 Schedule N Part III Form990ScheduleNPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART II, LINE 1(A) DESCRIPTION OF ASSET(S) DISTRIBUTED:ON JUNE 30, 2011 THE CORPORATION CLOSED ON A PURCHASE AND SALE AGREEMENT WITH A THIRD PARTY RELATING TO THE EXCHANGE OF THE EXISTING EXEMPT USE CHARLESVIEW APARTMENTS REAL PROPERTY FOR A RELOCATION SITE AND OTHER SITES IN THE SAME NEIGHBORHOOD OWNED BY AN UNRELATED TAXABLE ENTITY.PART II, LINE 1(D) METHOD OF DETERMINING FMV FOR ASSETS DISTRIBUTED:CASH RECEIVED OF $72,000,000 PLUS FAIR VALUE OF VARIOUS PROPERTIES RECEIVED PER TAX ASSESSMENTS. THE TELFORD STREET HOMEOWNERSHIP SITE HAS AN ASSESSED TAX VALUE OF $2,154,000. THE BRIGHTON HOMEOWNER/RENTAL PROPERTY SITE HAS AN ASSESSED TAX VALUE OF $32,596,000. THIS ASSESSMENT WAS BASED ON 563,674 SQUARE FEET. HOWEVER, ONLY 319,558 SQUARE FEET WERE TRANSFERRED RESULTING IN A TAX VALUE OF $18,479,321 FOR PROPERTY TRANSFERRED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | DURING THE YEAR ENDED DECEMBER 31, 2007, THE CORPORATION ENTERED INTO A PURCHASE AND SALE AGREEMENT WITH A THIRD PARTY RELATING TO THE EXCHANGE OF THE EXISTING CHARLESVIEW APARTMENTS REAL PROPERTY (THE "EXISTING SITE") FOR AN ALTERNATE SITE (THE "RELOCATION SITE") AND OTHER SITES (THE "OTHER SITES") IN THE SAME NEIGHBORHOOD. DURING THE YEAR ENDED DECEMBER 31, 2011 THE CORPORATION SOLD THEIR PURCHASE RIGHTS TO THE OTHER SITES AND RELOCATION SITES IN EXCHANGE FOR NOTES RECEIVABLE, IN ORDER TO PROVIDE FINANCING FOR DEVELOPMENT OF VARIOUS AFFORDABLE HOUSING PROJECTS. |
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | DURING THE YEAR ENDED DECEMBER 31, 2007, THE CORPORATION ENTERED INTO A PURCHASE AND SALE AGREEMENT WITH A THIRD PARTY RELATING TO THE EXCHANGE OF THE EXISTING CHARLESVIEW APARTMENTS REAL PROPERTY (THE "EXISTING SITE") FOR AN ALTERNATE SITE (THE "RELOCATION SITE") AND OTHER SITES (THE "OTHER SITES") IN THE SAME NEIGHBORHOOD. ON JUNE 30, 2011 THE CORPORATION CLOSED ON THE PURCHASE AND SALE AGREEMENT. IN CONNECTION WITH THE CLOSING ON THE PURCHASE AND SALE AGREEMENT, THE CORPORATION ENTERED INTO A MASTER LEASE AGREEMENT WITH THE THIRD PARTY, WHEREBY THE CORPORATION WILL CONTINUE TO OPERATE THE EXISTING SITE ON BEHALF OF THE THIRD PARTY UNTIL THE DEVELOPMENT OF THE RELOCATION SITE IS COMPLETE. THE CORPORATION IS NOT LIABLE FOR ANY FIXED RENT, BUT WILL BE LIABLE FOR ALL REPAIR AND MAINTENANCE COSTS INCURRED DURING THE TERM OF THE LEASE. |
| 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 $206,586 FOR THE YEAR ENDED DECEMBER 31, 2011. THE MANAGEMENT FEE IS EQUAL TO 5% OF TOTAL RENT COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION, OR THE MANAGEMENT AGENT. | |
| 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 | THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE IT IS SUBMITTED. | |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST |