2025-11-04T06:20:57-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 042875899 CARITAS COMMUNITIES INC CARI 7818431242 25 BRAINTREE HILL OFFICE PARK 206 BRAINTREE MA 02184 FRANK CONNELL EXECUTIVE DIRECTOR 7818431242 2025-10-31 1 1 MATTHEW TROIANO CPA P01263939 5083669100 2025-10-31 2023 2025-03-06 01:10:19Z X FRANK CONNELL 25 BRAINTREE HILL OFFICE PARK 206 BRAINTREE MA 02184 5525378 0 X WWW.CARITASCOMMUNITIES.ORG X 1985 MA HOMELESSNESS PREVENTION THROUGH HOUSING WITH SUPPORT FOR VERY LOW INCOME INDIVIDUALS IN GREATER BOSTON. 16 16 93 16 0 0 1826224 1809197 3555201 3415896 33745 93206 -13670 -83268 5401500 5235031 0 0 0 0 2818236 3000441 0 0 944422 3928057 3499104 6746293 6499545 -1344793 -1264514 16918406 17116464 20876477 21829346 -3958071 -4712882 X AT CARITAS COMMUNITIES, WE PREVENT HOMELESSNESS BY PROVIDING VERY LOW INCOME INDIVIDUALS WITH PERMANENT HOUSING, SUPPORT, SENSE OF COMMUNITY, AND EXPANDED OPPORTUNITIES. FOR OVER 39 YEARS, CARITAS HAS HELPED FILL THE NEED FOR SAFE, SECURE HOUSING IN GREATER BOSTON. 0 0 1670151 795432 PROPERTY MANAGEMENT & REAL ESTATE DEVELOPMENT - CARITAS COMMUNITIES, INC. SERVES AS THE REAL ESTATE DEVELOPER AND PROPERTY MANAGER OF ALL OF ITS 34 BUILDINGS LOCATED IN 14 GREATER BOSTON COMMUNITIES, AND HAS SERVED AS A CO-DEVELOPER OF THREE ADDITIONAL AFFORDABLE HOUSING PROJECTS LOCATED IN SOUTH BOSTON. CARITAS COMMUNITIES, INC. UNDERSTANDS THE IMPORTANCE OF STABLE, SAFE, AND QUALITY HOUSING AND BY SERVING AS THE DEVELOPER AND PROPERTY MANAGER OF ITS RENTAL HOUSING, CARITAS COMMUNITIES, INC. IS ABLE TO ENSURE ITS HOUSING MAINTAINS THE STANDARD OF EXCELLENCE ITS RESIDENTS DESERVE. 2443604 2648277 RENTAL HOUSING - CARITAS COMMUNITIES, INC. PROVIDES PERMANENT HOMES TO MORE THAN 1,000 VERY LOW-INCOME INDIVIDUALS. FOR OVER 39 YEARS, CARITAS HAS HELPED FILL THE NEED FOR AFFORDABLE, SAFE, SECURE HOUSING IN GREATER BOSTON. WE PREVENT HOMELESSNESS AND STABILIZE NEIGHBORHOODS. CARITAS COMMUNITIES, INC. PRIDES ITSELF ON PROVIDING SAFE, WELL MAINTAINED, STABLE HOUSING. EACH HOUSE IS SUPERVISED BY A LIVE-IN RESIDENT MANAGER RESPONSIBLE FOR THE WELL-BEING OF THE RESIDENTS AND THE UPKEEP OF THE PROPERTY. THE CARITAS MODEL CREATES SUSTAINABLE PROPERTIES THAT LESSEN THE NEED FOR HOMELESS SHELTERS. WE MAKE IT POSSIBLE FOR OUR RESIDENTS TO HAVE A PERMANENT HOME, AND TO MAINTAIN DIGNITY AND STABILITY IN THEIR LIVES. 136165 HEALTHY RESIDENTS - CARITAS DEVELOPED THE HEALTHY RESIDENT PROGRAM TO HELP HEAL THE OUTCOMES OF POVERTY AND HOMELESSNESS THAT RESULT IN ISOLATION, DISTRUST, DEPRESSION AND POOR HEALTH. CARITAS' HEALTHY RESIDENT PROGRAM ENCOMPASSES FREE Y MEMBERSHIPS, COMMUNITY MEALS, OPEN ART WORKSHOPS, WRITING WORKSHOPS, BUDGET WORKSHOPS AND LIBRARIES IN OUR HOMES, ALL INTENDED TO PROVIDE CARITAS RESIDENTS WITH OPPORTUNITIES TO CONNECT WITH OTHERS AND PARTICIPATE IN ACTIVITIES THAT FACILITATE PHYSICAL AND MENTAL WELLNESS AND SOCIAL BELONGING. 126073 RESIDENT SERVICES - CARITAS COMMUNITIES PROVIDES ON-SITE COMPREHENSIVE SUPPORTIVE SERVICES TO RESIDENTS IN NEED OF AN EXTRA HAND. OUR PROFESSIONAL RESIDENT SUPPORT STAFF ARE REGULARLY ON-SITE AT OUR HOUSES WITH THE AIM OF ESTABLISHING TRUSTING RELATIONSHIPS WITH RESIDENTS. THIS APPROACH ENABLES US TO HELP RESIDENTS IDENTIFY THEIR NEEDS AND THE CHALLENGES THEY ARE FACING, AND CONNECT THEM TO RESOURCES AND SERVICE PROVIDERS IN THE COMMUNITY. 56353 EMERGENCY RENTAL ASSISTANCE - BY PROVIDING EMERGENCY FUNDS TO COVER RENT DURING A TEMPORARY SETBACK, RESIDENTS WHO ARE SCARCELY MAKING ENDS MEET DO NOT HAVE TO FEAR LOSING THEIR HOME DUE TO A FEW DAYS OF MISSED WORK BECAUSE OF ILLNESS, REDUCED WORK HOURS OR OTHER CIRCUMSTANCES BEYOND THEIR CONTROL. THIS PROGRAM AIMS TO HELP KEEP TENANTS IN THEIR HOMES BY PROVIDING EMERGENCY FUNDS TO COVER THEIR RENT DURING A TEMPORARY FINANCIAL CRISIS. NINETY PERCENT OF GRANT RECIPIENTS RE-STABILIZE AND ARE ABLE TO RESUME REGULAR RENT PAYMENTS. 182426 4432346 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 73 0 1 93 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X FRANK CONNELL 7818431242 25 BRAINTREE HILL OFFICE PARK 206 BRAINTREE MA 02184 ROBERLYNE CHERFILS CHAIRMAN 0.80 0.30 X X 0 0 0 MAURA MURPHY VICE CHAIR 0.80 0.30 X X 0 0 0 ROBERT MAULDEN TREASURER 0.80 0.30 X X 0 0 0 KEVIN O'FLAHERTY ESQ CLERK 0.80 0.30 X X 0 0 0 BILL CHURCHILL DIRECTOR 0.80 0.30 X 0 0 0 MICHAEL BINETTE DIRECTOR 0.80 0.30 X 0 0 0 YASMINE BOUCHRARA DIRECTOR 0.80 0.30 X 0 0 0 JOHN BRENNAN III DIRECTOR 0.80 0.30 X 0 0 0 KATIE CATLENDER DIRECTOR 0.80 0.30 X 0 0 0 R DUANE CLARK II DIRECTOR 0.80 0.30 X 0 0 0 TIM CORCORAN DIRECTOR 0.80 0.30 X 0 0 0 OLIVIA GOUGH DIRECTOR 0.80 0.30 X 0 0 0 DAVID GREENBLATT DIRECTOR 0.80 0.30 X 0 0 0 DARSHI DUPEE DIRECTOR 0.80 0.30 X 0 0 0 WILLIAM MCLAUGHLIN DIRECTOR 0.80 0.30 X 0 0 0 TOM PALMER DIRECTOR 0.80 0.30 X 0 0 0 GREG RITTCHEN CFO 35.00 7.50 X 146908 0 10264 KARIN CASSEL MITTERANDO EXECUTIVE DIRECTOR (UNTIL 9/23) 35.00 7.50 X 134555 0 16933 FRANK CONNELL EXECUTIVE DIRECTOR 35.00 7.50 X 121744 0 29252 MICHAEL C LEE CFO (UNTIL 5/23) 35.00 7.50 X 125929 0 5994 THOMAS M NEE SENIOR DIRECTOR OF OPERATIONS 35.00 7.50 X 119935 0 29252 AMY MENEELY DIRECTOR OF FUND DEV. & COMM. 35.00 7.50 X 107491 0 2308 756562 0 94003 6 0 1 0 THE NARROW GATE ARCHITECTURE LTD 121 E BERKELEY ST 3RD FLOOR BOSTON MA 02118 ARCHITECT 118520 1 1013786 795411 1809197 RENTAL INCOME 531190 2648277 2648277 MANAGEMENT FEE 531190 767600 767600 INCOME FROM INVESTMENT 900099 19 19 3415896 93206 93206 179266 1013786 290347 -111081 -111081 MISCELLANEOUS 900099 27813 27813 27813 5235031 3443709 0 -17875 591579 276648 239310 75621 1535600 814164 262497 458939 44756 21216 9308 14232 648077 306651 120849 220577 180429 95758 33480 51191 86755 86755 86494 86494 404534 190011 211283 3240 86223 65124 12563 8536 1757828 1665580 60834 31414 335029 335029 563033 454320 72208 36505 MISCELLANEOUS 168376 111042 13167 44167 BAD DEBTS 7104 7104 RECRUITING 3728 2944 784 6499545 4432346 1122777 944422 613422 1625783 25711 25839 136370 136370 367723 187049 416944 209622 389776 76220 22916408 10803771 11677176 12112637 633992 722441 2657292 2020503 16918406 17116464 390304 1178985 19457485 19938595 1028688 711766 20876477 21829346 X -5139103 -5670474 1181032 957592 -3958071 -4712882 16918406 17116464 X -1264514 88449 421254 X X 0 1 X 1 1 1 X 2085675 2882874 2979592 1826224 1809197 11583562 2085675 2882874 2979592 1826224 1809197 11583562 873312 10710250 30904 71401 32539 33745 93206 261795 11845357 17958216 0.90420 0.88780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 881394 881394 745163 136231 881394 653113 92050 745163 653113 653113 1.00000 0 0 2102349 2102349 20317146 10569221 9747925 263543 234550 28993 233370 233370 12112637 DUE FROM AFFILIATES 914566 RESTRICTED DEPOSITS 581521 RIGHT-OF-USE LEASE ASSET - OPERATING LEASE 524416 2020503 SECURITY DEPOSIT LIABILITY 129984 OPERATING LEASE LIABILITY 581782 711766 X PART V, LINE 4: THE MCGRATH HOMELESS PREVENTION ENDOWMENT FUND WAS ESTABLISHED IN 2020. THE ORGANIZATION FOLLOWS THE MASSACHUSETTS ADOPTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT INSTITUTIONAL FUNDS ACT (UPMIFA). SUBJECT TO THE INTENT OF A DONOR, THE ORGANIZATION MAY APPROPRIATE FOR EXPENDITURE OR ACCUMULATE SO MUCH OF AN ENDOWMENT FUND AS THE ORGANIZATION DETERMINES IS PRUDENT FOR THE USES, BENEFITS, PURPOSES, AND DURATION FOR WHICH THE ENDOWMENT FUND IS ESTABLISHED. THE ASSETS IN AN ENDOWMENT FUND ARE DONOR-RESTRICTED ASSETS UNTIL APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION. THE ORGANIZATION IS IN THE PROCESS OF ESTABLISHING AN INVESTMENT AND SPENDING POLICY FOR ENDOWMENT ASSETS THAT AIM TO SAFEGUARD THE PURCHASING POWER OF THE ENDOWMENT PRINCIPAL, GENERATE AN ONGOING REVENUE SOURCE, AND PROVIDE FOR GROWTH OF THE INVESTMENT PRINCIPAL IN ACCORDANCE WITH UPMIFA. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2023. HOWEVER, THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE JURISDICTIONS. ANNUAL DINNER 1193052 1013786 179266 24448 179266 86633 1193052 1013786 179266 24448 179266 86633 290347 -111081 X X X X 0 0 0 0 0 0 0 0 0 GREG RITTCHEN CFO 146908 0 0 0 0 0 0 0 10264 0 157172 0 0 0 KARIN CASSEL MITTERANDO EXECUTIVE DIRECTOR (UNTIL 9/23) 134555 0 0 0 0 0 0 0 16933 0 151488 0 0 0 FRANK CONNELL EXECUTIVE DIRECTOR 121744 0 0 0 0 0 0 0 29252 0 150996 0 0 0 FORM 990, PART I: THE ORGANIZATION IS FILING AN AMENDED RETURN FOR 12/31/2023 DUE TO UPDATED FINANCIAL STATEMENTS BEING ISSUED. IN ADDITION TO THE CHANGES MADE ON PAGES 9-12 OF THE FORM 990, THERE WERE ALSO CHANGES MADE TO THE SCHEDULES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE CPA FIRM WHO PERFORMS AN AUDIT OF THE FINANCIAL STATEMENTS PREPARES THE FORM 990 WITH INPUT PROVIDED BY THE CARITAS CHIEF FINANCIAL OFFICER. THE COMPLETE FORM 990 IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND IS MADE AVAILABLE TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS FOR REVIEW. A COPY WILL BE FURNISHED TO EACH DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE SIGN OFF OF THE POTENTIAL CONFLICT OF INTEREST FORM IS GENERALLY MADE EACH YEAR BY EACH MEMBER OF THE CARITAS COMMUNITIES BOARD OF DIRECTORS AND SENIOR MANAGEMENT AND IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 15 AT THE DECEMBER MEETING EACH YEAR THE FULL BOARD OF DIRECTORS MEETS WITH THE AUDIT AND FINANCE COMMITTEE TO CONSIDER THE PLANNED COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE TREASURER/COO WITH ALL INDIVIDUALS ABSENT FROM THE MEETING. PRIOR THERETO THE CHAIRMAN OF THE FINANCE AND AUDIT COMMITTEE DISCUSSES SALARY INFORMATION OBTAINED FROM OUR INDEPENDENT AUDITING FIRM REGARDING SALARIES PAID TO EXECUTIVE DIRECTORS AND TREASURERS IN COMPARABLE ORGANIZATIONS. THE AUDIT AND FINANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD WHO DISCUSSES AND VOTES ON THE COMPENSATION OF THESE TWO INDIVIDUALS FOR THE COMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 EACH YEAR CARITAS COMMUNITIES INC. PREPARES A CONSOLIDATED ANNUAL REPORT. APPROXIMATELY 2500 COPIES OF THIS ANNUAL REPORT ARE MAILED TO SUPPORTERS AND LENDERS OF CARITAS COMMUNITIES INC. AND SUBSIDIARIES. THIS REPORT INCLUDES THE NAMES OF THE MEMBERS OF THE BOARD OF DIRECTORS, NAMES OF OFFICE AND SITE PERSONNEL, ANNUAL INCOME AND EXPENSE SUMMARY, STATUS OF PROJECTS, AND LISTING OF THE ROOMING HOUSES AND LENDING ORGANIZATIONS. IN ADDITION, EACH YEAR THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF CARITAS COMMUNITIES INC. AND SUBSIDIARIES ARE EXAMINED BY A CPA FIRM AND ARE DISTRIBUTED TO OVER 20 LENDING INSTITUTIONS. OTHER GOVERNANCE DOCUMENTS AND CONFLICT OF INTEREST REPORTING FORMS ARE GENERALLY CONSIDERED TO BE INTERNAL DOCUMENTS AND ARE NOT USUALLY DISTRIBUTED TO THE GENERAL PUBLIC BUT MAY BE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RECOVERY OF INVESTMENT IN LLCS 98,457. PAYMENT OF SELLER NOTE PRINCIPAL 77,658. PAYMENT ON ACCRUED INTEREST OF SELLER NOTE 245,139. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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