2024-05-13T14:22:58-04:00 2023-06-30 042917204 ANSTISS & CO PC 6 OMNI WAY STE 201 CHELMSFORD MA 018244187 990 2022-07-01 814449057 STONYBROOK I HOUSING SERVICES INC STON 9784590551 155 MERRIMACK STREET LOWELL MA 01852 NANCY VAN ALST CFO 9784590551 2024-05-03 true NANCY VAN ALST 999009999 false BRENDAN E TOOLIN P01323447 9784522500 2024-05-03 2022 2023-04-26 12:10:37Z GLENN GOLDMAN 155 MERRIMACK STREET LOWELL MA 01852 297330 false X N/A X 2016 MA TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN WESTFORD, MASSACHUSETTS. 3 3 0 3 0 85709 144194 172103 150528 346 272 3111 2336 261269 297330 0 0 32834 53957 0 0 282848 330059 315682 384016 -54413 -86686 1477646 1402777 2007967 2019784 -530321 -617007 TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN WESTFORD, MASSACHUSETTS. false false 342785 152864 TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN WESTFORD, MASSACHUSETTS. 342785 false true false false false false false true false true false false true true true true true false false false false false false false false false false false false false false false false false false false false false false false true false false true 6 0 true 0 false false false false false false false false X 3 3 false true false false false false false true false false false false true true true true true false false false MA X NANCY VAN ALST 9784590551 155 MERRIMACK STREET LOWELL MA 01852 X GLENN GOLDMAN PRESIDENT 1.00 X X 0 0 0 JAMES B HOGAN TREASURER 1.00 X X 0 0 0 GERMAINE VIGEANT-TRUDEL CLERK 1.00 X X 0 0 0 false false false 144194 144194 LOW-INCOME HOUSING 532000 150528 150528 150528 272 272 LAUNDRY INCOME 812300 2336 2336 2336 297330 152864 272 42176 18042 24134 7524 3221 4303 4257 1823 2434 14853 14853 530 530 10360 10360 485 485 309 309 6504 6504 145630 145630 90356 90356 57131 57131 2026 2026 CUSTODIAN FEE 1750 1750 PERMIT & FEES 125 125 384016 342785 41231 0 8970 4041 11852 4471 13172 15118 1569502 338074 1268045 1231428 175607 147719 1477646 1402777 68754 72253 3090 1580 12597 12750 1917569 1916676 5957 16525 2007967 2019784 X -530321 -617007 -530321 -617007 1477646 1402777 -86686 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 1569502 338074 1231428 1231428 REPLACEMENT RESERVE 96565 HOLD BACK RESERVE 24213 TENANT DEPOSITS HELD IN TRUST 12750 RIGHT-OF-USE ASSET 10642 INSURANCE ESCROW 2652 MIP ESCROW 460 CUSTODIAN FEE ESCROW 437 147719 LEASE LIABILITIY 10642 MORTGAGE INTEREST PAYABLE 5883 16525 X 297330 297330 297330 384016 384016 384016 SCHEDULE D, PAGE 2, PART IV, LINE 2B TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE ACCOUNT UNTIL THE TENANT/LANDLORD RELATIONSHIP IS DISSOLVED AT WHICH TIME THE DEPOSITS ARE REFUNDED TO THE TENANT PROVIDED THAT APARTMENT CONDITION REQUIREMENTS OUTLINED IN THE LEASE AGREEMENT HAVE BEEN MET. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)2 AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES," REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. FORM 990, PAGE 6, PART VI, LINE 3 COMMUNITY TEAMWORK, INC. (A RELATED ORGANIZATION) AND PEABODY PROPERTIES MAINTAIN THE BOOKS AND RECORDS OF THE ORGANIZATION AND PERFORM OTHER RELATED MANAGERIAL AND ADMINISTRATIVE FUNCTIONS FOR WHICH THEY ARE COMPENSATED. FORM 990, PAGE 6, PART VI, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY ADDITIONAL COMMITTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGEMENT AND BOARD OF DIRECTORS OF BOTH STONYBROOK I AND COMMON GROUND DEVELOPMENT CORPORATION PRIOR TO BEING FILED. A COPY OF THE STONYBROOK I FORM 990 IS DISTRIBUTED TO THE BOARD OF STONYBROOK I, COMMON GROUND, AND COMMUNITY TEAMWORK INC., THE PARENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 12C EACH YEAR THE OFFICERS AND DIRECTORS OF STONYBROOK I REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANYTHING NOT PREVIOUSLY REPORTED AND UPDATE THE STATUS OF ANY PREVIOUS CONFLICT OF INTEREST REPORTED. THEY SIGN THE POLICY ASSURING THAT THEY HAVE COMPLIED WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATIVE OFFICES OF COMMUNITY TEAMWORK, INC. 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