2024-06-24T13:04:17-05:00 2023-12-31 042734675 DANIEL DENNIS AND COMPANY LLP 990 WASHINGTON ST SUITE 203 DEDHAM MA 02026 990 2023-01-01 274406835 YNS AFFORDABLE HOUSING INC C/O BEVERLY REGIONAL YMCA YNSA 9789220990 245 CABOT STREET BEVERLY MA 01915 CHRIS LOVASCO PRESIDENT 9789220990 2024-05-24 CHRIS LOVASCO 999009999 0 KRISTOFFER LANE P01446126 6172629898 2024-05-06 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CHRIS LOVASCO 245 CABOT STREET BEVERLY MA 01915 299263 0 X N/A X 2010 MA TO PROVIDE AFFORDABLE AND SAFE HOUSING TO INDIVIDUALS AND FAMILIES OF NEED WITHIN THE COMMUNITIES OF THE YMCA OF THE NORTH SHORE, INC. 7 5 0 0 0 0 0 0 293470 298154 0 0 319 1109 293789 299263 0 0 0 0 0 0 0 0 0 354818 577384 354818 577384 -61029 -278121 487481 249276 1294645 1334561 -807164 -1085285 TO PROVIDE AFFORDABLE AND SAFE HOUSING TO INDIVIDUALS AND FAMILIES OF NEED WITHIN THE COMMUNITIES OF THE YMCA OF THE NORTH SHORE, INC. 0 0 520242 299263 THE ORGANIZATION MAINTAINS 68 SINGLE ROOM UNITS OF AFFORDABLE HOUSING FOR THOSE IN NEED AND MEETS THE REQUIRED FEDERAL AND STATE QUALIFICATIONS. THE BUILDING ACTS AS A COMMUNITY AND PROVIDES A SUPPORT SYSTEM FOR THOSE IN NEED. 520242 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X KEVIN MCCARTHY 9789220990 200 CUMMINGS CENTER SUITE 173D BEVERLY MA 01915 CHRISTOPHER LOVASCO PRESIDENT 1.00 40.00 X X 0 0 0 WILLIAM J LEAVER DIRECTOR 1.00 2.00 X X 0 0 0 JENNIFER BURAS DIRECTOR 1.00 2.00 X X 0 0 0 MICHAEL WHEELER TREASURER 1.00 2.00 X X 0 0 0 KEVIN MCCARTHY DIRECTOR 1.00 40.00 X X 0 0 0 ALEXANDER THOMAS COUNSELOR 1.00 2.00 X X 0 0 0 COURTNEY KAGAN CLERK 1.00 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 298154 298154 298154 MISCELLANEOUS 531110 1109 1109 1109 299263 299263 0 0 3410 3069 341 19720 17748 1972 660 594 66 80180 72162 8018 3299 2969 330 17921 16129 1792 MANAGEMENT FEE-RESIDENT 205820 185238 20582 RESIDENCE GENERAL ADMIN 103232 92909 10323 CUSTODIAL FEE 91289 82160 9129 REPAIRS AND MAINTENANCE 20068 18061 2007 31785 29203 2582 577384 520242 57142 0 174897 51357 5990 6095 18359 22668 913 209 801672 727587 92006 74085 195316 94862 487481 249276 21205 29025 508 436 320275 320275 952657 984825 1294645 1334561 X -807164 -1085285 -807164 -1085285 487481 249276 -278121 0 X 0 1 X 0 0 0 0 18000 18000 766190 713669 52521 17482 13918 3564 74085 REPLACEMENT RESERVE 57519 LOAN RECIEVABLE 37343 94862 DUE TO AFFILIATE 120150 TENANT SECURITY DEPOSITS 5941 NOTES PAYABLE TO RELATED PARTY 173000 ACCRUED INTEREST 685734 984825 X 299263 0 299263 0 299263 577384 0 577384 0 577384 PART X, LINE 2: YNS IS EXEMPT FROM INCOME TAXES AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(4) OF THE U.S. INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAXES, EXCEPT FOR INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE ORGANIZATION EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT THEY HAVE NO UNCERTAIN TAX POSITIONS WITHIN ANY OF THEIR OPEN TAX YEARS (2020-2022). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL BE PROVIDED A COPY OF THE FORM 990 AFTER IT HAS GONE THROUGH DRAFT FORM AND BEEN REVIEWED BY THE ORGANIZATION'S CPAS. ADEQUATE TIME SHALL BE ALLOTTED FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PARTY IS UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETE THE QUESTIONNAIRE FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT AND AFFIRMATION OF THE COMPLIANCE SHALL BE SUBMITTED UPON HIS/HER ASSOCIATION WITH THE ORGANIZATION, AND SHALL BE FILED WHENEVER A POTENTIAL CONFLICT ARISES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOCUMENTS ARE MADE AVAILABLE UPON REQUEST YMCA OF THE NORTH SHORE INC 200 CUMMINGS CENTER SUITE 173D BEVERLY MA 01915 042104913 PROVIDING HEALTH, MIND AND SPIRIT EDUCATION TO CHILDREN AND ADULTS MA 501(C)(3) LINE 10 0 POWDER HOUSE VILLAGE LP 112 COUNTRY ROAD IPSWICH MA 01938 270195040 LOW INCOME HOUSING MA YNS AFFORDABLE HOUSING INC RELATED 0 0 0.99980 WINTER STREET HOUSING LP 81 WINTER STREET HAVERHILL MA 01830 201677719 LOW INCOME HOUSING MA YNS AFFORDABLE HOUSING INC RELATED 0 0 0.99990 CABOT HOUSING LLC 245 CABOT ST BEVERLY MA 01915 853582993 LOW INCOME HOUSING MA 0.55000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 YMCA OF THE NORTH SHORE INC P VALUE OF REIMBURSEMENTS