2024-04-25T12:33:00-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-07-01 237431255 HOUSING ASSISTANCE CORPORATION HOUS 5087715400 460 WEST MAIN STREET HYANNIS MA 02601 STEPHEN FERRIS CHIEF FINANCIAL OFFICER 5087715400 2024-04-25 1 STEPHEN FERRIS 999009999 1 JOLANTA TUCK CPA P01340068 7813803520 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BILL BOGDANOVICH 460 WEST MAIN STREET HYANNIS MA 02601 37095648 0 X WWW.HACONCAPECOD.ORG X 1974 MA HAC'S MISSION IS TO PROMOTE AND IMPLEMENT THE RIGHT OF ALL PEOPLE ON CAPE COD AND THE ISLANDS TO OCCUPY SAFE AND AFFORDABLE HOUSING. TO ACHIEVE THIS GOAL, HAC HAS CONCENTRATED ITS MAJOR PROGRAMS AROUND RENTAL SUBSIDIES, SHELTER SERVICES, CONSUMER EDUCATION, AND RESIDENTIAL ENERGY EFFICIENCY. 15 15 138 458 0 0 32761809 32738187 3449470 4285370 35528 51841 0 -18957 36246807 37056441 24678147 23407228 0 0 7549115 8441197 0 0 1345785 3602622 4358671 35829884 36207096 416923 849345 20544372 21329167 10228538 10053805 10315834 11275362 X HAC'S MISSION IS TO PROMOTE AND IMPLEMENT THE RIGHT OF ALL PEOPLE ON CAPE COD AND THE ISLANDS TO OCCUPY SAFE AND AFFORDABLE HOUSING. TO ACHIEVE THIS GOAL, HAC HAS CONCENTRATED ITS MAJOR PROGRAMS AROUND RENTAL SUBSIDIES, SHELTER SERVICES, CONSUMER EDUCATION, AND RESIDENTIAL ENERGY EFFICIENCY. 0 0 25128079 18974771 677607 CLIENT SERVICES - THE CLIENT SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF AFFORDABLE HOUSING, HOMELESSNESS PREVENTION AND SHELTER AND SELF-SUFFICIENCY SERVICES. THESE SERVICES INCLUDE HOUSING ASSISTANCE PAYMENTS FOR LOW INCOME TENANTS, TRANSITIONAL HOUSING AND ASSISTANCE FOR THE HOMELESS INCLUDING HOUSING SEARCH AND JOB PLACEMENT, AND TRAINING AND SUPPORT FOR HOMEOWNERS INCLUDING FORECLOSURE COUNSELING. 5196391 4342457 1935009 ENERGY EFFICIENCY SERVICES - THE ENERGY EFFICIENCY SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF ENERGY IMPROVEMENTS OPTIONS. THESE OPTIONS INCLUDE FREE ENERGY ASSESSMENTS, HOME WEATHERIZATION AND ENERGY EFFICIENT APPLIANCES AND HEATING. 1961604 90000 1672754 PROPERTY MANAGEMENT AND DEVELOPMENT - THE PROPERTY MANAGEMENT AND DEVELOPMENT DIVISION OVERSEES THE OPERATIONS OF ALL RESIDENTIAL RENTAL PROPERTIES, AS WELL AS DEVELOPMENT ACTIVITY, TO ITS PROPERTIES LOCATED ON CAPE COD AND THE ISLANDS. 32286074 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 241 0 1 138 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X STEPHEN FERRIS 5087715400 460 WEST MAIN STREET HYANNIS MA 02601 BILL BOGDANOVICH CHAIRMAN 1.00 X X 0 0 0 PETER FREEMAN VICE CHAIRMAN 1.00 X X 0 0 0 LIAM CAHILL TREASURER 1.00 X X 0 0 0 ASHLEY MOORE BAKER CLERK 1.00 X X 0 0 0 CLIFF CARROLL DIRECTOR 1.00 X 0 0 0 CATHY GIBSON DIRECTOR 1.00 X 0 0 0 MARGARET HAYES DIRECTOR 1.00 X 0 0 0 KARA O'DONNELL-GALVIN DIRECTOR 1.00 X 0 0 0 ALEX RODOLAKIS DIRECTOR 1.00 X 0 0 0 SUSAN ROHRBACH DIRECTOR 1.00 X 0 0 0 PAUL RUCHINSKAS DIRECTOR 1.00 X 0 0 0 KUMARA SIDHARTHA DIRECTOR 1.00 X 0 0 0 RAYMOND TAMASI DIRECTOR 1.00 X 0 0 0 TARA WALLACE DIRECTOR 1.00 X 0 0 0 LINDA ZAMMER DIRECTOR 1.00 X 0 0 0 ALISA MAGNOTTA CEO 35.00 X 218745 0 42832 STEPHEN FERRIS CHIEF FINANCIAL OFFICER 35.00 X 147854 0 37543 CASSANDRA DANZL CHIEF OPERATING OFFICER 35.00 X 131275 0 15235 ANNE VAN VLECK CHIEF DEVELOPMENT OFFICER 35.00 X 122281 0 41493 620155 0 137103 4 0 1 0 CRANE APPLIANCE 249 TEATICKET HWY EAST FALMOUTH MA 02536 ENERGY CONTRACTOR 511527 CAPE SAVE 7 HUNTINGTON AVE C SOUTH YARMOUTH MA 02664 ENERGY CONTRACTOR 348205 M T MCMAHON & SONINC 2 FULLER STREET CARVER MA 02330 ENERGY CONTRACTOR 302615 LIVING WATER RESTORATION 8 COACHMAN LN WEST BARNSTABLE MA 02668 ENERGY CONTRACTOR 300775 FRONTIER ENERGY 139 QUEEN ANNE ROAD UNIT 6 HARWICH MA 02645 ENERGY CONTRACTOR 231592 7 371259 29917745 2449183 32738187 ENERGY EFFICIENCY SERVICES 624200 2270396 2270396 LOW INCOME RENTAL HOUSING 624200 1315315 1315315 ADDITIONAL PROGRAM REVENUE 624200 416200 416200 ADMINISTRATION FEES 624200 283459 283459 4285370 45994 45994 5847 0 5847 5847 5847 20250 371259 39207 -18957 -18957 37056441 4285370 0 32884 23407228 23407228 496979 496979 5556292 4261228 712467 582597 141901 114404 11702 15795 1669146 1288650 203282 177214 576879 407837 113246 55796 6335 6335 90523 11746 71900 6877 29566 1400 28166 923870 383107 390858 149905 15626 5021 7665 2940 194630 41579 132370 20681 218275 70136 107073 41066 1123507 903297 194077 26133 82266 78552 3319 395 525288 504421 20867 PROGRAM SUPPORT AND SUP 960039 705902 37116 217021 STAFF TRAINING 121870 78855 32276 10739 MEALS 66876 16376 11874 38626 36207096 32286074 2575237 1345785 1917041 737282 1105271 1098041 2114813 2348685 68513 47482 51397 19662916 8232510 11628119 11430406 1235417 2989354 2496229 2605489 20544372 21329167 1579519 1176973 259251 259251 68886 62833 6857607 6777659 1463275 1777089 10228538 10053805 X 9799009 10496591 516825 778771 10315834 11275362 20544372 21329167 849345 110183 0 X 0 1 X 1 1 1 X 21947192 23999492 28483985 32761809 32738187 139930665 21947192 23999492 28483985 32761809 32738187 139930665 139930665 14316 5770 112246 1827 45994 180153 140110818 17829753 0.99870 0.99890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 30000 32256074 32286074 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 16080 16080 22500 30000 84660 250000 250000 250000 250000 1000000 1500000 16080 16080 22500 30000 84660 0 1 X 3601456 3601456 11265306 5024849 6240457 3835457 2578422 1257035 330720 317929 12791 629977 311310 318667 11430406 MISC RESERVES AND RESTRICTED CASH 2605489 2605489 ESCROW ACCOUNTS 143395 ADVANCES 1633694 1777089 X PART IV, LINE 2B: GC AND HAC LOFTS HAVE A POLICY TO COLLECT SECURITY DEPOSITS 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. AS OF JUNE 30, 2023 SECURITY DEPOSITS TOTALED $62,833. PART X, LINE 2: U.S. GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, 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 CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE COMPANY'S INFORMATION/TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION, TAX YEARS SINCE 2019 FOR HAC REMAIN OPEN. OYSTER GALA 391509 371259 20250 25012 14195 391509 371259 20250 25012 14195 39207 -18957 1 RENTAL ASSISTANCE 1107 15803685 STABILIZATION SERVICES 960 3261085 RESIDENTIAL ENERGY EFFICIENCY 1110 4342457 PART I, LINE 2: ALL PAYMENTS ARE MADE AFTER APPROVAL FROM DEPARTMENT HEADS. GRANTS/ASSISTANCE TO INDIVIDUALS ARE GRANTED ONLY AFTER THE CLIENT APPLIES AND IS APPROVED FOR ASSISTANCE. X X 0 0 0 0 0 0 0 1 0 ALISA MAGNOTTA CEO 208745 0 10000 0 0 0 7647 0 35185 0 261577 0 0 0 STEPHEN FERRIS CHIEF FINANCIAL OFFICER 140854 0 7000 0 0 0 5885 0 31658 0 185397 0 0 0 ANNE VAN VLECK CHIEF DEVELOPMENT OFFICER 116031 0 6250 0 0 0 6540 0 34953 0 163774 0 0 0 PART I, LINE 7 ALL EMPLOYEES RECEIVED A 5% BONUS IN 2022. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ANY ACTION OR VOTE REQUIRED OR PERMITTED BY LAW TO BE TAKEN BY MEMBERS OF THE CORPORATION SHALL BE TAKEN BY ACTION OR VOTE OF THE SAME PERCENTAGE OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B OFFICERS AND DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING BY A MAJORITY OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE COMPLETED 990 PRIOR TO FILING. THE RETURN IS ALSO PROVIDED TO MEMBERS OF THE EXECUTIVE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO DETERMINES THE COMPENSATION FOR OTHER OFFICERS BASED ON KNOWLEDGE OF SIMILAR AGENCIES AND AREA DEMOGRAPHICS. THE CEO'S COMPENSATION IS RECOMMENDED BY THE BOARD FINANCE COMMITTEE AND PERSONNEL COMMITTEE BASED ON SIMILAR INPUTS AND ON PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST HAC LLC 460 WEST MAIN STREET HYANNIS MA 02601 000906510 AFFORDABLE HOUSING SPONSOR MA 0 0 HOUSING ASSISTANCE CORPORATION GREAT COVE COMMUNITY LLC 460 WEST MAIN STREET HYANNIS MA 02601 001069463 AFFORDABLE HOUSING SPONSOR MA 221516 2545785 HOUSING ASSISTANCE CORPORATION HAC LOFTS LLC 460 WEST MAIN STREET HYANNIS MA 02601 AFFORDABLE HOUSING MA 141330 1863344 HOUSING ASSISTANCE CORPORATION WEST BARNSTABLE COMMUNITIES LP 460 WEST MAIN STREET HYANNIS MA 02601 261379712 LOW INCOME HOUSING RENTALS MA N/A 0 1 POCASSET ASSISTED LIVING 460 WEST MAIN STREET HYANNIS MA 02601 000845024 LOW INCOME HOUSING RENTALS MA HOUSING ASSISTANCE CORPORATION C 1.00000 1 WEST BARNSTABLE COMMUNITIES - HAC LLC 460 WEST MAIN STREET HYANNIS MA 02601 208312978 AFFORDABLE HOUSING SPONSOR MA HOUSING ASSISTANCE CORPORATION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0