2024-07-11T13:06:23-05:00 2023-08-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-09-01 043272953 MISSION SPRINGS HOUSING FOR THE ELDERLY INC C/O THE COMMUNITY BUILDERS MISS 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 JOHN DOHERTY TREASURER 8572218600 2024-07-11 1 JOHN DOHERTY XXX-XX-XXXX 1 JOLANTA TUCK CPA P01340068 7813803520 2024-07-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALLEN GOLDBERG 185 DARTMOUTH STREET BOSTON MA 02116 900292 0 X N/A X 1995 MA PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY 6 6 0 6 0 0 489474 478496 361156 409040 129 1608 7803 11148 858562 900292 0 0 0 0 0 0 0 0 0 898422 901010 898422 901010 -39860 -718 4077603 4133267 614991 671373 3462612 3461894 TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 0 0 812748 420188 TO PURCHASE, REHABILITATE, OWN AND OPERATE 75 UNITS OF AFFORDABLE HOUSING FOR ELDERLY PERSONS OF LOW INCOME IN HOLLISTON, MA. 812748 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 0 0 0 0 0 1 4 0 1 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 0 0 0 0 1 1 0 MA X JOHN DOHERTY 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 X ALLEN GOLDBERG PRESIDENT 0.20 X X 0 0 0 JEFFREY LELAND DIRECTOR 0.20 X 0 0 0 JOHN DOHERTY TREASURER 0.20 X X 0 0 0 JONATHAN JUHL DIRECTOR 0.20 X 0 0 0 MARTHA CUMMINGS DIRECTOR/CLERK 0.20 X X 0 0 0 SUZANNE SHANNAHAN VICE PRESIDENT 0.20 X X 0 0 0 0 0 0 0 0 0 0 THE COMMUNITY BUILDERS INC 185 DARTMOUTH STREET BOSTON MA 02116 MANAGEMENT SERVICES 263246 1 478496 478496 TENANT RENTS 531110 409040 409040 409040 1608 1608 LAUNDRY & VENDING 812300 10733 10733 TENANT CHARGES 531110 415 415 11148 900292 420188 0 1608 X 75109 75109 363 363 13153 13153 175152 175152 35959 35959 333649 333649 185 185 194540 194540 SERVICE EXPENSES 72613 72613 MISC TAXES, LICENSES, P 287 287 901010 812748 88262 0 9321 8350 1668 60241 32004 35086 7741181 4514366 3366896 3226815 667714 802775 4077603 4133267 78848 132538 3139 4025 33004 34810 500000 500000 614991 671373 X 3462612 3461894 3462612 3461894 4077603 4133267 -718 0 X 0 1 X 1 1 1 X 438663 452002 469132 489474 478496 2327767 350533 362206 351117 361156 409040 1834052 789196 814208 820249 850630 887536 4161819 0 0 0 4161819 171 103 128 129 1608 2139 171 103 128 129 1608 2139 7938 11118 6995 7803 11148 45002 797305 825429 827372 858562 900292 4208960 0.98880 0.98980 0.00050 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 600000 600000 7038602 4412981 2625621 102579 101385 1194 3226815 SECURITY DEPOSITS 35406 REPLACEMENT RESERVES 750495 ESCROWS 16874 802775 X 900292 0 900292 0 900292 901010 0 901010 0 901010 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 AUGUST 31, 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 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 INTERNAL REVENUE SERVICE ("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 PROJECT IS MANAGED BY THE COMMUNITY BUILDERS, INC. THE CORPORATION INCURRED A MANAGEMENT FEE OF $75,109 FOR THE YEAR ENDED AUGUST 31, 2023. THE MANAGEMENT FEE IS EQUAL TO 8.45% OF EFFECTIVE GROSS INCOME. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR THE SPONSOR AGENCY. FORM 990, PART VI, SECTION B, LINE 11B AN OFFICER OF MANAGEMENT COMPANY - THE COMMUNITY BUILDERS, INC REVIEWS THE 990. IT IS THE PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 CURRENTLY THE OFFICERS, KEY EMPLOYEES AND DIRECTORS RECEIVE NO COMPENSATION FROM THE ORGANIZATION OR FROM RELATED ORGANIZATIONS. IF AND WHEN THE OFFICERS OR KEY EMPLOYEES ARE COMPENSATED IT WILL BE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 175,152. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 175,152.