2023-11-28T11:41:41-06:00 2022-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-01-01 043300758 NATE SMITH HOUSING CORPORATION % JPNDC NATE 6175222424 284 AMORY STREET BUILDING K JAMAICA PLAIN MA 02130 LYNN WHIPPLE TREASURER 6175222424 2023-11-27 1 LYNN WHIPPLE XXX-XX-XXXX 1 JOLANTA TUCK CPA P01340068 7813803520 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ADAM BURROWS 284 AMORY STREET BUILDING K JAMAICA PLAIN MA 02130 477183 0 X N/A X 1995 MA PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 6 6 0 0 0 0 366029 359892 110405 113554 95 266 32326 3471 508855 477183 0 0 0 0 0 0 0 0 0 649526 712376 649526 712376 -140671 -235193 1191873 881854 1056693 981867 135180 -100013 TO REHABILITATE, OWN AND OPERATE 45 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY LOCATED IN JAMAICA PLAIN, MASSACHUSETTS. 0 0 645896 117025 PROVIDED 45 UNITS OF HOUSING AND SOCIAL SERVICES TO LOW-INCOME ELDERLY PEOPLE IN THE JAMAICA PLAIN SECTION OF BOSTON, MA 645896 1 1 0 0 0 0 0 0 1 0 1 0 0 1 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 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X JANICE STEERE 7817941000 536 GRANITE STREET BRAINTREE MA 02184 X ADAM BURROWS PRESIDENT 1.00 1.00 X X 0 0 0 LYNN WHIPPLE TREASURER 1.00 1.00 X X 0 0 0 MARCIA BURLEY CLERK 1.00 1.00 X X 0 0 0 RITA LOPEZ DIRECTOR 1.00 X 0 0 0 FREDDY PEREZ DIRECTOR 1.00 X 0 0 0 ADELAIDA PULIDO DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 PEABODY PROPERTIES INC 536 GRANITE STREET BRAINTREE MA 02184 MANAGEMENT SERVICES 166720 1 359892 359892 RENTAL INCOME 531110 113554 113554 113554 266 266 LAUNDRY & VENDING 531110 3471 3471 3471 477183 117025 0 266 X 29104 29104 37376 37376 135240 135240 42968 42968 232454 232454 196604 196604 RESIDENT SERVICES 38614 38614 RESIDUAL RECEIPTS EXPEN 16 16 712376 645896 66480 0 44790 23262 47428 2796 2839 1327 5470247 4777064 889787 693183 207029 161286 1191873 881854 110890 37193 5394 4463 5477 5279 934932 934932 1056693 981867 X 135180 -100013 135180 -100013 1191873 881854 -235193 0 X 0 1 X 1 1 1 X 332139 357892 366617 366029 359892 1782569 110121 112445 119150 110405 113554 565675 442260 470337 485767 476434 473446 2348244 0 0 0 2348244 119 106 83 95 266 669 119 106 83 95 266 669 2215 45396 1482 32326 3471 84890 444594 515839 487332 508855 477183 2433803 0.96480 0.96410 0.00030 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2018 AMOUNT: $ 2,215. 2019 AMOUNT: $ 2,406. 2020 AMOUNT: $ 1,482. 2021 AMOUNT: $ 2,326. 2022 AMOUNT: $ 3,471. GAIN ON INSURANCE CLAIM - 2019 AMOUNT: $ 42,990. SPONSORSHIP EXPENSE REIMBURSEMENT - 2021 AMOUNT: $ 30,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 19009 19009 5282540 4608751 673789 168698 168313 385 693183 TENANT SECURITY DEPOSITS 8183 RESERVE FOR REPLACEMENTS 68120 BOARD RESTRICTED FUNDS FOR RESIDENT SERVICES 30863 ESCROW DEPOSITS 43104 RESIDUAL RECEIPTS RESERVE 11016 161286 X 488811 11628 11628 477183 0 477183 724004 11628 11628 712376 0 712376 PART IV, LINE 2B: THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION INCURRED MANAGEMENT FEES OF $29,104 FOR THE YEAR ENDED DECEMBER 31, 2022. THE CORPORATION IS MANAGED BY AN UNAFFILIATED COMPANY, PEABODY PROPERTIES, INC., FOR A MANAGEMENT FEE EQUAL TO 6% OF NET RENTAL INCOME. THE AGREEMENT IS IN EFFECT ON A YEAR-TO-YEAR BASIS. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS AFFILIATED WITH JAMAICA PLAIN NEIGHBORHOOD DEVELOPMENT CORPORATION (JPNDC), WHO IS THE SPONSOR AGENCY OF THE CORPORATION. FOR ITS SERVICES IN MONITORING THE OPERATIONS OF THE CORPORATION, JPNDC IS ENTITLED TO AN ASSET MANAGEMENT FEE AS APPROVED IN THE ANNUAL BUDGET. FOR THE YEAR ENDED DECEMBER 31, 2022, NO ASSET MANAGEMENT FEE WAS INCURRED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE PRESIDENT OF THE BOARD, AND IS THEN DISTRIBUTED TO THE REMAINING BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S IS ENCOMPASSED BY THE SPONSOR AGENCY JPNDC'S CONFLICT OF INTEREST POLICY. ALL OFFICERS AND BOARD MEMBERS FILL OUT AN ANNUAL DISCLOSURE STATEMENT STATING THAT THEY UNDERSTAND THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS BE IT PERSONAL OR FINANCIAL. ANY NEW CHANGES SHALL BE PROMPTLY DISCLOSED. THE STATEMENTS ARE KEPT BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 135,240. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,240. ANGELA WESTOVER HOUSING CORPORATION 284 AMORY STREET BUILDING K JAMAICA PLAIN MA 02130 042743396 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0