2011-12-12T12:17:13-06:00 2010-12-31 SMITH SULLIVAN & COMPANY PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2010-01-01 331178098 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC WOME 6173670520 15 COURT SQUARE NO 210 BOSTON MA 02108 LONI WILLEY 6173670520 2011-12-12 1 LINDA M SMITH CPA 5088717178 2011-12-12 2010 2016-02-24 21:20:13Z LONI WILLEY 15 COURT SQUARE NO 210 BOSTON MA 02108 685947 0 X WWW.WIHED.ORG X 2007 CT DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS WITH A (CONTINUED) NETWORK OF SUPPORTIVE SERVICES AND PROGRAMS. 3 3 0 5 0 0 642768 274382 0 318305 0 3 0 93257 642768 685947 0 0 0 0 0 0 0 0 0 3210 388210 3210 388210 639558 297737 10630713 13913438 9167623 12244882 1463090 1668556 THE MISSION OF WOMEN'S INSTITUTE REALTY OF CONNECTICUT IS TO PROMOTE ECONOMIC OPPORTUNITY AND BUILD STRONG COMMUNITIES BY DEVELOPING SAFE, AFFORDABLE AND SUPPORTIVE HOUSING FOR INDIVIDUALS AND FAMILIES. 0 0 0 0 0 WOMEN'S INSTITUTE REALY OF CONNECTICUT, INC. WILL DEVELOP REAL ESTATE TO BE USED FOR AFFORDABLE AND LOW-INCOME HOUSING IN CONNECTICUT. AS OF DECEMBER 31, 2010, COSTS TOTALING $641,127 HAVE BEEN INCURRED AND REPORTED AS CONSTRUCTION IN PROGRESS AND DEFERRED PROJECT COSTS FOR DEVELOPMENT TO BE KNOWN AS FERRY CROSSING AND VICTORY GARDENS. 318281 318305 THE FRANKLIN IS OPERATED UNDER PARK CITY SUPPORTIVE HOUSING LLC, FOR WHICH WIR-CT IS THE SOLE MEMBER. THE FRANKLIN OFFERS AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO 48 LOW-INCOME INDIVIDUALS, INCLUDING A PRIORITY FOR HOMELESS VETERANS. PROPERTY OPERATIONS AND SERVICES COMMENCED IN AUGUST 2010. 318281 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 CT X X LONI WILLEY EXECUTIVE DIRECTOR 6173670520 15 COURT SQUARE SUITE 210 BOSTON MA 02108 RENATE HARRISON 1.00 X X 0 0 0 MELISSA SHEELER 1.00 X X 0 0 0 KELLY MALOY 1.00 X X 0 0 0 LONI WILLEY 3.00 X 0 109264 10679 0 109264 10679 0 0 0 0 VIKING CONSTRUCTION COMPANY 1387 SEAVIEW AVENUE BRIDGEPORT CT 06607 CONSTRUCTION - GENERAL CONTRACTOR 3191671 PAUL B BAILEY 110 AUDUBON STREET NEW HAVEN CT 06510 CONSTRUCTION - ARCHITECT 194112 POINT ONE ARCHITECTS & PLANNERS LLC 101 SHORE ROAD OLD LYME CT 06371 CONSTRUCTION - ARCHITECT 117118 3 17150 257232 274382 RENT/RENT SUBSIDIES 531110 318305 318305 318305 3 3 ENERGY REBATE 531390 92271 92271 LAUNDRY INCOME 900099 761 761 MISCELLANEOUS INCOME 900099 225 225 93257 685947 411562 0 3 87498 42133 45365 1800 1800 17899 17899 105853 105853 773 773 882 882 164307 161097 3210 9198 9198 388210 318281 69929 0 403189 153735 41161 122413 21805 12887787 161097 0 12726690 322500 322500 9631 6420 9772980 641127 10630713 13913438 1368920 1448685 7798703 10791303 0 4894 9167623 12244882 X 1463090 1668556 1463090 1668556 10630713 13913438 X 297737 -92271 X 0 1 1 X 0 X 488030 322500 642768 257232 1710530 488030 322500 642768 257232 1710530 1710530 437 3 440 93257 93257 1804227 318305 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12887787 161097 12726690 12726690 SECURITY DEPOSITS PAYABLE 4894 4894 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TAX POSITION: FASB ACCOUNTING STANDARDS CODIFICATION PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION ADOPTED THE PROVISIONS OF THIS STANDARD ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD DID NOT HAVE ANY IMPACT ON THE FINANCIAL POSITION OR NET ASSETS OF THE ORGANIZATION. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS SINCE INCEPTION IN 2007 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 3 WIR-CT HAS A CONTRACT WITH A PROPERTY MANAGEMENT COMPANY, DEMARCO MANAGEMENT CORPORATION, TO MANAGE THE DAY-TO-DAY OPERATIONS OF PARK CITY SUPPORTIVE HOUSING LLC. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS AUTHORIZED THE FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990. A DRAFT FORM WAS MADE AVAILABLE TO ANY BOARD MEMBER WHO WISHED TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL SUBMISSION OF A WRITTEN CONFLICT-OF-INTEREST QUESTIONNAIRE BY ALL OFFICERS, DIRECTORS, AND EMPLOYEES. THE QUESTIONNAIRE REQUESTS DISCLOSURE OF ANY POSSIBLE PROFESSIONAL OR PERSONAL CONFLICTS OF THE OFFICER, DIRECTOR, OR EMPLOYEE, OR THEIR IMMEDIATE FAMILY MEMBERS, IN REGARD TO TRANSACTIONS AND RELATIONSHIPS WITH THE ORGANIZATION, ITS AFFILIATES, ITS VENDORS, ITS FUNDERS AND LENDERS, AND/OR ANY OTHER SIGNIFICANT RELATIONSHIP HELD BY THE ORGANIZATION. ADDITIONALLY, ANY POTENTIAL CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR ARE DISCLOSED AT REGULAR BOARD MEETINGS, AND ASSESSED BY MANAGEMENT. IF A CONFLICT IS EVIDENT OR POTENTIALLY EVIDENT, THE FOLLOWING PROCESSES OCCUR: (1) IF AN OFFICER OR DIRECTOR, THE MEMBER IS RECUSED FROM ALL DISCUSSION AND VOTING AUTHORITY IN WHICH THE CONFLICT EXISTS, AND (2) IF AN EMPLOYEE, ANY NEGOTIATION AND COMPENSATION BETWEEN THE ORGANIZATION AND THE PARTY-OF-INTEREST IS ASSIGNED TO A NON-INTERESTED SENIOR EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15A & B: ORGANIZATION DID NOT PAY ANY COMPENSATION TO EXECUTIVE DIRECTOR OR OFFICERS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: TRANSFER OF NET ASSETS TO AFFILIATE (WIHED) -92,271. TOTAL TO FORM 990, PART XI, LINE 5: -92,271. PARK CITY SUPPORTIVE HOUSING LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 263200703 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT 319294 13103160 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC 15 COURT SQUARE SUITE 210 BOSTON MA 02108 042733078 HOUSING AND ECONOMIC DEVELOPMENT IN MA AND CT MA 501(C)(3) 509(A)(2) NONE 0 WOMEN'S INSTITUTE REALTY INC C/O WIHED 15 COURT SQUARE SUITE 210 BOSTON MA 02108 043220484 DEVELOPMENT AND OPERATIONS OF LOW-INCOME HOUSING IN MASSACHUSETTS MA 501(C)(3) 509(A)(2) NONE-COMMONLY CONTROLLED BY OFFICERS OF WIHED 0 PARK CITY HOUSING CORPORATION C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 261497156 OPERATION OF LOW-INCOME HOUSING CT WIR-CT C 1.00000 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC M 19328 CT OFFICE/OCCUPANCY COSTS WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC N 120929 EXECUTIVE DIRECTOR COMP/BENEFITS WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC L 435260 AMOUNTS PAID WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC B 92271 CASH TRANSFER WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC E 11251917 FAIR VALUE