2024-11-15T15:51:55-07:00 2023-12-31 990 2023-01-01 061203983 MEADOWS REAL ESTATE MANAGEMENT AND DEVELOPMENT CORPORATION MEAD 8605605600 555 WINDSOR STREET HARTFORD CT 06120 Jeffrey Walsh CFO 8605605639 2024-11-15 1 2023 2024-10-15 13:58:12Z MAGDALENA RODRIGUEZ 555 WINDSOR STREET HARTFORD CT 06120 716801 0 X X 1985 CT See Schedule O 5 5 0 3 141359 0 0 0 559081 716801 0 0 0 0 559081 716801 0 0 0 0 181838 178059 0 0 0 370898 560172 552736 738231 6345 -21430 3194571 3420070 3853879 4100808 -659308 -680738 X See Schedule O 0 0 151204 0 146426 OPERATION OF HOUSING PROJECTS FOR LOW-INCOME INDIVIDUALS AND FAMILES. DURING 2023, 10 FAMILIES OCCUPIED THESE HOUSING FACILITIES. 398272 0 348797 PROPERTY MANAGEMENT SERVICES PROVIDED TO OTHER HOUSING UNITS IN THE GREATER HARTFORD, CT REGION. 0 0 0 549476 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CT X JEFFREY WALSH 8605605639 555 WINDSOR STREET HARTFORD CT 06120 MAGDALENA RODRIGUEZ PRESIDENT 5.00 35.00 X 0 479284 39600 JEFFREY WALSH CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 136812 7709 ROBERT BENZINGER CHAIRMAN 1.00 0.00 X X 0 0 0 WALTER BENJAMIN DIRECTOR 1.00 0.00 X 0 0 0 ROBERT CARUBIA DIRECTOR 1.00 0.00 X 0 0 0 MARTIN ALVARENGA DIRECTOR 1.00 0.00 X 0 0 0 KELLEN SAVAGE DIRECTOR 1.00 0.00 X 0 0 0 0 616096 47309 0 0 1 0 0 0 0 0 0 0 0 0 0 DEVELOPMENT AND MANAGEMENT FEES 531390 105358 0 105358 0 RENTAL INCOME 531390 200320 200320 0 0 OTHER INCOME 531390 26325 26325 0 0 PROPERTY OPERATION SERVICES 531390 384798 348797 36001 0 0 0 0 0 716801 0 0 0 0 0 0 716801 575442 141359 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 140670 68027 72643 0 8596 70 8526 0 17726 5396 12330 0 11067 5466 5601 0 0 0 0 0 7412 7412 0 0 13375 13375 0 0 0 0 0 0 0 0 0 0 0 0 17966 6688 11278 0 0 0 0 0 3958 2330 1628 0 0 0 0 0 0 0 0 0 279735 247287 32448 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56987 45973 11014 0 14362 14288 74 0 REAL ESTATE TAXES 102545 102545 0 0 Administrative Support 35230 14053 21177 28602 16566 12036 0 738231 549476 188755 0 966800 1042048 0 0 0 0 676317 855246 0 0 0 0 0 0 0 0 0 0 2947961 1474985 1528298 1472976 23156 49800 3194571 3420070 67484 58260 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3786395 4042548 3853879 4100808 X -659308 -680738 0 0 -659308 -680738 3194571 3420070 -21430 0 0 0 0 0 X 0 1 X 0 0 X 480414 402242 509097 435533 575442 2402728 480414 402242 509097 435533 575442 2402728 2402728 114656 98593 97749 123548 141359 575905 114656 98593 97749 123548 141359 575905 595070 500835 606846 559081 716801 2978633 0.80665 0.81056 0.19335 0.18944 X 0 10000 10000 0 2924770 1468534 1456236 0 0 0 0 0 5658 5409 249 0 7533 1042 6491 1472976 DUE TO COMMUNITY RENEWAL TEAM 4042548 4042548 X Schedule D, Part X, Line 2 THE MEADOWS REAL ESTATE MANAGEMENT AND DEVELOPMENT CORPORATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMMUNITY RENEWAL TEAM INC. CRT AND THE MEADOWS ARE NOT FOR PROFIT ORGANIZATION'S DESCRIBED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AS AMENDED (THE CODE) AND ARE GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501 (A) OF THE CODE. 0 0 0 0 0 0 0 0 0 MAGDALENA RODRIGUEZ PRESIDENT 0 447026 0 32258 0 0 0 39600 0 9888 0 528772 0 0 Form 990, Part III, Line 1 (EXCERPTED) FROM THE MEADOWS REAL ESTATE AND DEVELOPMENT CORPORATION BY-LAWS APPROVED (4/15/2003) SECTION 1: IN FURTHERANCE OF THE PURPOSES STATED IN ITS CERTIFICATION OF INCORPORATION, THE CORPORATION SHALL PERFORM THE FUNCTION OF A COMMUNITY ACTION AGENCY IN COMPLIANCE WITH THE RULES, REGULATIONS, DIRECTIONS AND GUIDELINES OF FEDERAL, STATE AND LOCAL FUNDING SOURCES. MORE SPECIFICALLY, THE CORPORATION SHALL: (A) CONDUCT RESEARCH AND REVIEW THE HOUSING REQUIREMENTS OF PEOPLE RESIDING WITHIN OR WITHOUT THE STATE OF CONNECTICUT AND/OR ANY LOCATIONS AS APPROVED BY THE BOARD, WITH SPECIAL EMPHASIS ON THE NEEDS OF THE HOMELESS, ELDERLY AND (ECONOMICALLY DISADVANTAGED. (B) DEVELOP, BUILD, SPONSOR OR OWN AFFORDABLE HOUSING FACILITIES FOR ECONOMICALLY DISADVANTAGED AGED LOW TO MODERATE AND INTERMEDIATE INCOME PERSONS WHO MIGHT NOT OTHERWISE OBTAIN APPROPRIATE HOUSING. (C) CONSTRUCT HOUSING TO ENHANCE COMMUNITIES AND CONSTITUENCIES. (D) COORDINATE COMMUNITY-RELATED REAL ESTATE PROJECTS THAT INCLUDE HOUSING, COMMERCIAL AND RETAIL ESTABLISHMENTS IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT. (E) PROMOTED INTEGRATION HOUSING. (F) PROVIDE TECHNICAL ASSISTANCE, IN AN ADVISORY CAPACITY, TO CRT. (G) INVOLVE ITSELF WITH OTHER RELATED HOUSING ACTIVITIES AS RECOMMENDED BY THE BOARD OF DIRECTORS. SECTION 2: THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE NOTHWITHSTANDING ANY OTHER PROVISIONS OF THESE ARTICLES, THE CORPORATION SHALL NOT BE CONCERNED WITH ANY ACITIVITIES DISALLOWED: (A) BY A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES REVENUE LAW; OR (B) BY A CORPORATION CONTRIBUTION TO WHICH ARE DEDUCTIBLE UNDER SECTION 170 (C) (2) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS). Form 990, Part VI, Section B, Line 11b THE FORM WAS PREPARED BY THE ORGANIZATION'S CONTROLLER AND REVIEWED BY THE CHIEF FINANCIAL OFFICER IN DETAIL PRIOR TO FILING WITH THE IRS. IN ADDIITON, A COPY OF THE FINAL DRAFT OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c ALL BOARD MEMBERS RECEIVE A COPY OF THE ORGANIZATION'S BY-LAWS WHICH CONTAIN BOTH A CONFLICT OF INTEREST STATEMENT ALONG WITH A CONFIDENTIALLY AGREEMENT FOR THEIR REVIEW AND SIGNATURE TO ACKNOWLEDGE THEIR UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE ASKED ANNUALLY TO RETURN THE SIGNED DOCUMENTS TO THE EXECUTIVE OFFICE TO BE KEPT WITH THE ORGANIZATION'S RECORDS. THE EXECUTIVE ASSISTANT TO THE PRESIDENT/CEO REVIEWS ALL COMPLETED STATEMENTS TO VERIFY THEY HAVE BEEN COMPLETED AND IF ANY CONFLICTS HAVE BEEN DISCLOSED. IF ANY CONFLICTS ARE NOTED THEY ARE BROUGHT TO THE ATTENTION OF THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR RESOLUTION. INDIVIDUALS WITH A CONFLICT DO NOT PARTICIPATE IN ANY ACTIONS TAKEN BY THE BOARD OF TRUSTEES PERTAINING TO RESOLUTION OF THE CONFLICT. Form 990, Part VI, Section B, Line 15 MAGDALENA RODRIGUEZ IS THE CHIEF EXECUTIVE OFFICER OF COMMUNITY RENEWAL TEAM INC. SHE HAS AN EMPLOYMENT CONTRACT WITH CRT THAT PROVIDES COMPENSATION AND FRINGE BENEFITS. THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S PERFORMANCE ON AN ANNUAL BASIS. BOARD OF TRUSTEE MEMBERS COMPLETED AND SUBMIT A QUESTIONNAIRE ON THE PRESIDENT'S PERFORMANCE TO THE CHAIRPERSON OF THE BOARD OF OF TRUSTEES. THE CHAIRPERSON CALLS A MEETING OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE TO REVIEW AND DISCUSS THE RESULTS. THE EXECUTIVE COMMITTEE AUTHORIZES THE CHAIRPERSON TO MEET WITH THE PRESIDENT TO DISCUSS THE FINDINGS AND COMMENTS REGARDING THE PRESIDENT'S PERFORMANCE AND TO DISCUSS COMPENSATION PRIOR TO THE EXECUTION OF AN EMPLOYMENT CONTRACT. THE BOARD OF TRUSTEES, ACTING THROUGH ITS COMPENSATION COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTING FIRM THAT PERFORMS A COMPENSATION STUDY WHICH CONSIDERS THE INTERMEDIATE SANCTIONS PROVISIONS OF INTERNAL REVENUE CODE SECTION 4958 (IRC 4958). BASED ON THE INDEPENDENT COMPENSATION CONSULTING FIRM'S WORK. A CERTIFICATION IS ISSUED TO CRT'S BOARD OF TRUSTEES INDICATING THAT THE COMPENSATION PROVIDED UNDER THE EMPLOYMENT CONTRACT IS CONSIDERED REASONABLE UNDER IRC 4958. UPON COMPLETION OF THE COMPENSATION ANALYSIS, A RECOMMENDATION IS THEN PRESENTED TO THE BOARD OF TRUSTEES FOR A FINAL ACTION BY VOTING TO APPROVE THE RECOMMENDATION. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ANNUAL AUDIT IS POSTED TO THE ORGANIZATION'S WEBSITE. THE COMMUNITY RENEWAL TEAM INC 555 WINDSOR STREET HARTFORD CT 06120 060795640 COMMUNITY ACTION AGENCY CT 501 (C) (3) 07 N/A 0 COVENTRY PLACE INC 555 WINDSOR STREET HARTFORD CT 06120 412134403 HOUSING SERVICES CT 501 (C) (3) 07 MEADOWS 1 HARTFORD ASSISTED LIVING PARTNERSHIP 555 WINDSOR STREET HARTFORD CT 06120 HOUSING CT RETREAT Related 0 0 0.0001 3236 SOUTH LIMITED PARTNERSHIP 555 WINDSOR STREET HARTFORD CT 06120 HOUSING CT COMSOUTH Related 0 0 0.0001 35 CLARK STREET LIMITED PARTNERSHIP 555 WINDSOR STREET HARTFORD CT 06120 HOUSING CT CLARK ST GF Related 0 0 0.0001 NEWINGTON VETERANS LANDING CORPORATION 555 WINDSOR STREET HARTFORD CT 06120 HOUSING CT VETERANS Related 0 0 0.0001 RETREAT GP CORPORATION 555 WINDSOR STREET HARTFORD CT 06120 820567903 HOUSING CT CRT C 0 COMSOUTH CORPORATION 555 WINDSOR STREET HARTFORD CT 06120 061566019 HOUSING CT CRT C 0 CLARK STREET GRANDFAMILIES ASSOC INC 555 WINDSOR STREET HARTFORD CT 06120 203855879 HOUSING CT MEADOWS C 1 1 VETERANS LANDING CORPORATION 555 WINDSOR STREET HARTFORD CT 06120 454077131 HOUSING CT CRT C 0 32-36 SOUTH GREEN LLC 555 WINDSOR STREET HARTFORD CT 06120 842117963 HOUSING CT CRT C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE COMMUNITY RENEWAL TEAM INC e 4042548 BOOK