2023-11-16T15:41:05-06:00 2023-06-30 943108253 NOVOGRADAC & COMPANY LLP 211 CONGRESS STREET SUITE 710 BOSTON MA 02110 990 2022-07-01 542168612 INDIAN ROCK SUPPORTIVE HOUSING INC C/O GREATER LYNN SENIOR SERVICES INC INDI 7815818619 8 SILSBEE STREET LYNN MA 01901 KATHRYN BURNS CHIEF EXECUTIVE OFFICER 7815990110 2023-11-16 1 KATHRYN BURNS 999009999 0 CHARLES A RHUDA III P00133647 6173301920 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHRYN BURNS 8 SILSBEE STREET LYNN MA 01901 195680 0 X N/A X 2005 MA TO PROVIDE DECENT, CLEAN AND SANITARY HOUSING TO LOW INCOME ELDERLY PERSONS IN SAUGUS, MA. 8 6 0 0 0 0 0 0 169837 192132 241 3548 973 0 171051 195680 0 0 0 0 34195 39417 0 0 0 262172 278868 296367 318285 -125316 -122605 2948710 2827796 1082412 1084103 1866298 1743693 TO PROVIDE DECENT, CLEAN AND SANITARY HOUSING TO LOW INCOME ELDERLY PERSONS IN SAUGUS, MA. HELPING TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY, ENCOURAGE INDIVIDUALS TO ACHIEVE MAXIMUM INDEPENDENCE. 0 0 299202 192132 THE ORGANIZATION MAINTAINS A RESIDENTIAL FACILITY WITH 20 UNITS WHICH PROVIDE HOUSING TO LOW INCOME ELDERLY PERSONS IN SAUGUS, MA. FUNDING TO BUILD THE FACILITY WAS PROVIDED BY THE DEPT OF HOUSING AND URBAN DEVELOPMENT. 299202 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X HARBORLIGHT COMMUNITY PARTNERS INC 9789221305 283 ELLIOTT STREET BEVERLY MA 01915 ROBERT PALLESCHI DIRECTOR 1.00 X 0 0 0 ELLEN PALLESCHI DIRECTOR 1.00 X 0 0 0 ROBERT LONG DIRECTOR 1.00 X 0 0 0 PETER ROSSETTI JR DIRECTOR 1.00 X 0 0 0 NELSON CHANG DIRECTOR 1.00 X 0 0 0 KATHRYN BURNS PRESIDENT 1.00 X 0 194078 27730 STANLEY KING SECRETARY 1.00 X 0 0 0 KEVIN DERRIVAN TREASURER 1.00 X 0 0 0 DOUGLAS MAY FORMER TREASURER 1.00 X 0 202569 19660 0 396647 47390 0 1 1 0 0 TENANT ASSISTANCE PAYM 531110 100241 100241 RENTAL REVENUE 531110 91891 91891 192132 3548 3548 195680 192132 0 3548 32748 32748 272 272 3114 3114 3283 3283 16683 16683 7850 7850 4315 4315 104485 104485 18795 18795 ELECTRICITY 32761 32761 MAINTENANCE CONTRACTS 31489 31489 RESIDENT SERVICES 19572 19572 GAS 12252 12252 30666 28266 2400 318285 299202 19083 0 19503 10502 98 10 6360 2863 4092079 1493723 2673024 2598356 249725 216065 2948710 2827796 72685 74417 57 133 1000000 1000000 9670 9553 1082412 1084103 X 1866298 1743693 1866298 1743693 2948710 2827796 -122605 0 X X 0 1 X 1 1 1 X 174000 170259 161193 170390 192132 867974 174000 170259 161193 170390 192132 867974 867974 1311 852 217 241 3548 6169 1254 1147 1080 420 3901 878044 867974 0.98850 0.98930 X 3890077 1328576 2561501 120000 84000 36000 82002 81147 855 2598356 TENANT SECURITY DEPOSITS 9967 RESIDUAL RECEIPTS 5007 REPLACEMENT RESERVE 171658 OPERATING RESERVE 29433 216065 TENANT SECURITY DEPOSITS 9553 9553 195680 0 195680 0 195680 318285 0 318285 0 318285 PART XII LINE 1 THE CORPORATION OPERATES AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAX. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ADDRESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS MAY FORMER TREASURER 0 202569 0 0 0 0 0 6300 0 13360 0 222229 0 0 KATHRYN BURNS PRESIDENT 0 194078 0 0 0 0 0 8876 0 18854 0 221808 0 0 SCHEDULE J THE COMPENSATION LISTED ON SCHEDULE J AND ELSEWHERE IN THIS RETURN IS FOR SERVICES PROVIDED TO AND PAID BY GREATER LYNN SENIOR SERVICES, WHICH IS A RELATED ORGANIZATION THAT SPONSORED THE PROJECT KNOWN AS INDIAN ROCK. FORM 990, PART VI, SECTION A, LINE 3 SHARED ADMINISTRATIVE MANAGEMENT WITH GREATER LYNN SENIOR SERVICES, INC. AND SHARED OPERATIONAL MANAGEMENT WITH HARBORLIGHT COMMUNITY PARTNERS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS WILL BE ELECTED AT AN ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE AMENDED OR REPEALED BY A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER A COMPLETE REVIEW, THE COMPANY FORWARDS THE FORM 990 TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS AND SIGN OFF ON THE POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC KATHRYN BURNS - 91 DENVER STREET, SAUGUS, MA 01906. DOUGLAS MAY - 91 DENVER STREET, SAUGUS, MA 01906. STANLEY KING - 91 DENVER STREET, SAUGUS, MA 01906. ROBERT PALLESCHI - 91 DENVER STREET, SAUGUS, MA 01906. ELLEN PALLESCHI - 91 DENVER STREET, SAUGUS, MA 01906. ROBERT LONG - 91 DENVER STREET, SAUGUS, MA 01906. PETER ROSSETTI, JR. - 91 DENVER STREET, SAUGUS, MA 01906. NELSON CHANG - 91 DENVER STREET, SAUGUS, MA 01906. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH IS MADE UP OF MEMBERS FROM THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTE REVIEWS AND APPROVES THE SALARY OF THE EXECUTIVE DIRECTOR, CFO AND OTHER KEY EMPLOYEES OF THE ORGANIZATION. THE COMMITTEE CONSIDERS INDUSTRY COMPARABILITY DATA TO DETERMINE THE REASONABLENESS OF THE COMPENSATION. GREATER LYNN SENIOR SERVICES 8 SILSBEE STREET LYNN MA 01901 042581129 PROVIDES VARIOUS SERVICES TO ELDERLY MA 501(C)(3) 7 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 GREATER LYNN SENIOR SERVICES INC M 19527 SOCIAL SERVICES PER AGREEMENT GREATER LYNN SENIOR SERVICES INC P 6376 PAYMENT FOR SOCIAL SERVICES