2024-10-21T08:44:58-05:00 2024-06-30 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET DEDHAM MA 02026 990 2023-07-01 042674409 HOUSING FOR INDEPENDENT LIVING INC HOUS 7814224200 169 SUMMER STREET KINGSTON MA 02364 CHRISTINE MACDONALD CFO 7814224200 2024-10-15 0 KENNETH LUND P01430775 6172629898 2024-10-08 2023 2024-10-15 13:58:12Z CHRISTINE MACDONALD 169 SUMMER ST KINGSTON MA 02364 4225662 0 X N/A X 1979 MA TO DEVELOP AND MANAGE LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. X 22 20 0 0 0 0 730901 558298 386115 250550 3729 1996327 348 0 1121093 2805175 0 0 0 0 0 0 0 0 0 1145013 969598 1145013 969598 -23920 1835577 1639830 28878 3475407 28878 -1835577 0 TO DEVELOP AND MANAGE LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. 0 0 938886 250550 TO DEVELOP AND MANAGE LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. 938886 1 1 0 0 0 0 0 0 0 0 0 0 0 0 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 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 20 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X HOUSING FOR INDEPENDENT LIVING INC 7814224200 169 SUMMER STREET KINGSTON MA 02364 X MICHAEL MCGOWAN VICE CHAIR 2.00 X X 0 0 0 BEVERLY SOMERVILLE CHAIR 2.00 X X 0 0 0 DAVID KILNAPP TREASURER 2.00 X X 0 0 0 PATRICK NEENAN VICE TREASURER 2.00 X X 0 0 0 JEFF GRAEBER CLERK 2.00 X X 0 0 0 DARYL MAYERS ASSISTANT CLERK 2.00 X X 0 0 0 STEVE BORGERSON DIRECTOR 2.00 X 0 0 0 JEFFREY CHARNEL DIRECTOR 2.00 X 0 0 0 CAROL DELOREY DIRECTOR 2.00 X 0 0 0 KRISTINA DA FONSECA DIRECTOR 2.00 X 0 0 0 MICHAEL HEALY DIRECTOR 2.00 X 0 0 0 DAVID FARRELL DIRECTOR 2.00 X 0 0 0 GORETTI JOAQUIM DIRECTOR 2.00 X 0 0 0 THOMAS KING DIRECTOR 2.00 X 0 0 0 BRIAN MCCOWAN DIRECTOR 2.00 X 0 0 0 ANTOINETTE PABON DIRECTOR 2.00 X 0 0 0 RICHARD PETERSON DIRECTOR 2.00 X 0 0 0 JEAN RILEY DIRECTOR 2.00 X 0 0 0 GREIDY TERRERO DIRECTOR 2.00 X 0 0 0 LASHAUNDA WATSON DIRECTOR 2.00 X 0 0 0 ROBERT CORLEY CHIEF EXECUTIVE OFFICER 2.00 X 0 0 0 CHRISTINE MACDONALD CHIEF FINANCIAL OFFICER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 558298 558298 RENTAL INCOME 531110 250550 250550 250550 9647 9647 3407167 1420487 1986680 1986680 1986680 2805175 250550 0 1996327 30712 30712 755 755 12895 12895 270354 270354 164188 164188 38442 38442 OPERATING AND MAINTENAN 216501 216501 ADMINISTRATIVE 85763 85763 UTILITIES 81700 81700 TAXES AND OTHER INSURAN 61398 61398 6890 6890 969598 938886 30712 0 138941 28878 7454 50509 0 988566 454360 0 1639830 28878 127733 28878 10321 3308513 28840 0 3475407 28878 X -1835577 0 -1835577 0 1639830 28878 1835577 0 X 0 1 X 1 1 1 X 700611 720169 741210 730901 558298 3451189 700611 720169 741210 730901 558298 3451189 3451189 2873 296 109 4077 9647 17002 3468191 0.99510 0.99680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2805175 0 2805175 0 2805175 969598 0 969598 0 969598 PART X, LINE 2: HIL HAS ADOPTED THE PROVISIONS OF GAAP WHICH PRESCRIBE 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. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED JUNE 30,2023, HIL HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. ALL TAX YEARS PRIOR TO 2019 ARE CLOSED VIA THE PASSING OF THE STATUTE OF LIMITATIONS. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. ON MARCH 11,2024, WITH THE APPROVAL OF THE US DEPT OF HOUSING AND URBAN DEVELOPMENT, THE ORGANIZATION TRANSFERED ALL OF ITS ASSETS AND LIABILITIES TO NHS PRENCE MEADOWBROOK LIMITED PARTNERSHIP, AN AFFILIATED LIMITED PARTNERSHIP, IN EXCHANGE FOR LIQUIDATION OF ITS FIRST MORTGAGE DEBT OF $3,368,275 RESULTING IN A GAIN OF $1,986,680. AS PART OF THE TRANSACTION THE ORGANIZATION HOLDS A 99% LIMITED PARTNERSHIP INTEREST IN THE NHS PRENCE MEADOWBROOK LIMITED PARTNERSHIP AND WILL CONTINUE TO OPERATE AS SUCH. THE GENERAL PARTNER IS A NON-PROFIT ORGANIZATION. THE PARTNERSHIP WILL CONTINUE TO OPERATE THE PROPERTY AS AFFORDABLE HOUSING. 2024-03-11 3368275 COMPARABLE SALES 042732439 NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC 422 WASHINGTON STREET QUINCY MA 02169 501(C)3 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: ALL OF THE BOARD MEMBERS OF THIS ORGANIZATION LISTED IN FORM 990 PART VII ARE ALSO EXISTING MEMBERS OF NEIGHBORWORKS HOUSING SERVICES OF THE SOUTH SHORE INC, THE SUCCESSOR, A SECTION 501(C)3 ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT INCURRED A MANAGEMENT FEE OF $30,712 DUE TO HALLKEEN AS SUB-AGENT TO SSHDC, AN AFFILIATE OF HIL. THE MANAGEMENT FEE IS EQUAL TO 4% OF TOTAL RENT COLLECTIONS. FORM 990, PART VI, SECTION B, LINE 11B NEIGHBORWORKS HOUSING SOLUTIONS, A RELATED ENTITY REVIEWS THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE GOVERNING BOARD COMPLETES CONFLICT OF INTEREST DOCUMENTS AT EACH YEARS ANNUAL MEETING AS REQUIRED BY THE ORGANIZATION'S POLICY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST NEIGHBORWORKS HOUSING SOLUTIONS 422 WASHINGTON STREET QUINCY MA 02169 042732439 LOW INCOME HOUSING MA 501(C) LINE 7 0 HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS 169 SUMMER STREET KINGSTON MA 02364 237131446 LOW INCOME HOUSING MA 501(C) LINE 7 NEIGHBORWORKS HOUSING SOLUTIONS 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 NEIGHBORHOOD HOUSING SERVICES OF SOUTH SHORE INC I 3368275 FAIR MARKET VALUE