2023-10-12T15:16:18-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 271619580 1060 BELMONT INC 1060 6179233505 79-B CHAPEL STREET NEWTON MA 02458 CAITLIN MADDEN EXECUTIVE DIRECTOR 6179233505 2023-10-04 1 CAITLIN MADDEN XXX-XX-XXXX 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2023-10-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAITLIN MADDEN 79-B CHAPEL STREET NEWTON MA 02458 459413 0 X WWW.METROWESTCD.ORG X 2009 MA TO PROVIDE FAMILIES AND PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO PROMOTE THEIR HEALTH, PHYSICAL AND SOCIAL WELL BEING. 8 8 0 8 0 0 0 0 279397 271963 229 193 187257 187257 466883 459413 0 0 0 0 0 0 0 0 0 424641 417471 424641 417471 42242 41942 4021563 3849866 3106945 2893306 914618 956560 TO PROVIDE FAMILIES AND PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO PROMOTE THEIR HEALTH, PHYSICAL AND SOCIAL WELL BEING. 0 0 383950 459220 1060 BELMONT, INC. OWNS 18 RENTAL UNITS, WHICH ARE LEASED TO 18 LOW-INCOME FAMILIES. IT IS THE ONLY ACTIVITY OF THE CORPORATION. 383950 1 0 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 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X CAITLIN MADDEN 6179233505 79-B CHAPEL STREET NEWTON MA 02458 SUNEETH JOHN PRESIDENT 0.30 1.00 X X 0 0 0 MIKE SHERMAN TREASURER 0.30 1.00 X X 0 0 0 BOB FLACK CLERK 0.30 1.00 X X 0 0 0 DORENA WONG-DELEON DIRECTOR 0.30 1.00 X 0 0 0 CRISTINA AYALA DIRECTOR 0.30 1.00 X 0 0 0 EUGENIA CHAPARRO DIRECTOR 0.30 1.00 X 0 0 0 KATHLEEN HOBSON DIRECTOR 0.30 1.00 X 0 0 0 THELMA TITUS DIRECTOR 0.30 1.00 X 0 0 0 SHERRY RUFF DIRECTOR (UNTIL 3/2022) 0.30 1.00 X 0 0 0 CAITLIN MADDEN EXECUTIVE DIRECTOR 1.00 39.00 X 0 122337 11231 0 122337 11231 0 0 0 0 0 RENTAL INCOME 532000 270951 270951 LAUNDRY INCOME 532000 1012 1012 271963 193 193 DEBT FORGIVENESS 900099 187257 187257 187257 459413 459220 0 193 X 19388 19388 935 935 8902 8902 46617 46617 4296 4296 194444 194444 2585 2585 123588 123588 BAD DEBT 6380 6380 MISCELLANEOUS 5641 5641 SUPPLIES 4695 4695 417471 383950 33521 0 1475 10422 12559 12389 3105 15236 3813 3776 5246554 1614937 3751872 3631617 12780 9447 235959 166979 4021563 3849866 79318 69586 2970196 2752087 57431 71633 3106945 2893306 X 914618 956560 914618 956560 4021563 3849866 41942 0 X X 0 1 X 1 1 1 X 252291 254225 267064 279397 271963 1324940 252291 254225 267064 279397 271963 1324940 0 0 0 1324940 341 356 295 229 193 1414 341 356 295 229 193 1414 187257 187257 187257 187257 187257 936285 439889 441838 454616 466883 459413 2262639 0.58560 0.58130 0.00060 0.00070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEBT FORGIVENESS - 2018 AMOUNT: $ 187,257. 2019 AMOUNT: $ 187,257. 2020 AMOUNT: $ 187,257. 2021 AMOUNT: $ 187,257. 2022 AMOUNT: $ 187,257. 420000 420000 1704323 1488726 215597 2979556 2979556 142675 126211 16464 3631617 DUE TO RELATED PARTY 71633 71633 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2022. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEES, TO AN UNRELATED PROPERTY MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. ONCE APPROVED, THE FORM 990 IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSIONS HELD DURING BOARD MEETINGS. ALL BOARD OF DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT OF CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: 1060 BELMONT, INC. DOES NOT HAVE ANY EMPLOYEES. SALARIES AND WAGES SHOWN ON THE STATEMENT OF FUNCTIONAL EXPENSES BELONG TO THE EMPLOYEES OF THE COMPANY THAT MANAGES THE PROPERTY FOR 1060 BELMONT, INC. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. 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 IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 46,617. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,617. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND APPROVAL OF THE INDEPENDENT ACCOUNTANT. METRO WEST COLLABORATIVE DEVELOPMENT INC 79-B CHAPEL STREET NEWTON MA 02458 223073668 COMMUNITY DEVELOPMENT MA 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0