2025-11-04T15:06:21-06:00 2025-06-30 943108253 NOVOGRADAC & COMPANY LLP 555 NORTH POINT CENTER EAST SUITE 600 ALPHARETTA GA 30022 990 2024-07-01 050508869 OLMSTED GARDENS INC C/O THE COMMUNITY BUILDERS INC OLMS 8572218600 33 ARCH STREET 10TH FLOOR 1000 BOSTON MA 02110 D MORGAN WILSON DIRECTOR 8572218600 2025-11-04 1 1 CHARLES A RHUDA III CPA P00133647 6788672333 2024 2025-03-06 01:10:19Z X D MORGAN WILSON 33 ARCH STREET SUITE 100010TH FLOOR BOSTON MA 02110 1150556 0 X N/A X 1999 RI TO CONSTRUCT, OWN AND OPERATE 52 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN PROVIDENCE, RI. 2 2 0 0 0 0 0 0 781319 1148808 2212 1748 0 0 783531 1150556 0 0 0 0 166140 171257 0 0 0 678110 836978 844250 1008235 -60719 142321 3080793 3228728 108179 113793 2972614 3114935 TO CONSTRUCT, OWN AND OPERATE 52 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN PROVIDENCE, RI. 0 0 879286 1148808 TO CONSTRUCT, OWN AND OPERATE 52 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN PROVIDENCE, RI. 879286 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 X THE COMMUNITY BUILDERS INC 8572218600 33 ARCH STREET SUITE 100010TH FLOOR BOSTON MA 02110 D MORGAN WILSON DIRECTOR, TREASURER, SECRE 0.20 40.00 X X 0 266885 66426 THOMAS J BUONOPANE PRESIDENT, DIRECTOR 0.20 40.00 X 0 255528 65396 0 522413 131822 0 0 1 0 0 SECTION 8 SUBSIDY 531110 897429 897429 RENTAL INCOME 531110 246596 246596 LAUNDRY AND VENDING 531110 4748 4748 NSF AND LATE CHARGES 531110 35 35 1148808 1748 1748 1150556 1148808 0 1748 131198 131198 30504 30504 9555 9555 61949 61949 130 130 11950 11950 47997 47997 136230 136230 54920 54920 REPAIRS AND MAINTENANCE 230231 230231 UTILITIES 122470 122470 REAL ESTATE TAXES 119102 119102 RESIDENT SERVICES 51999 51999 1008235 879286 128949 0 2844 9472 1122 390 42759 44830 5463211 2951020 2548076 2512191 485992 661845 3080793 3228728 91295 96199 710 1117 16174 16477 108179 113793 X 2972614 3114935 2972614 3114935 3080793 3228728 142321 0 X 0 1 X 0 1 1 X 672816 676787 699509 781272 1148808 3979192 672816 676787 699509 781272 1148808 3979192 0 0 0 3979192 204 98 1317 2212 1748 5579 204 98 1317 2212 1748 5579 673020 676885 700826 783484 1150556 3984771 0.99860 0.99880 0.00140 0.00120 X 251800 251800 5211411 2951020 2260391 2512191 TENANT SECURITY DEPOSIT CASH 17044 TAX ESCROW 29612 PROPERTY INSURANCE ESCROW 132 REPLACEMENT RESERVE 598043 RESIDUAL RECEIPTS RESERVE 12910 DEPOSITS ON UTILITIES 4104 661845 TENANT SECURITY DEPOSITS 16477 16477 1150556 0 1150556 0 1150556 1008235 0 1008235 0 1008235 0 0 0 0 0 0 0 0 0 D MORGAN WILSON DIRECTOR, TREASURER, SECRE 0 266885 0 0 0 0 0 10675 0 55751 0 333311 0 0 THOMAS J BUONOPANE PRESIDENT, DIRECTOR 0 255528 0 0 0 0 0 10221 0 55175 0 320924 0 0 THE COMMUNITY BUILDERS INC COMMON OFFICERS, BOARD MEMBERS, AND KEY EMPLOYEES 233206 THE ORGANIZATION REMIBURSES THE COMMUNITY BUILDERS, INC. FOR MANAGEMENT SERVICES, CONTRACTED EMPLOYEES WAGES, PAYROLL TAXES AND FRINGE BENEFITS. 0 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION CONTRACTS WITH TCB TO MANAGE THE PROPERTY. THE MANAGEMENT FEE WAS 6.75% OF THE GROSS COLLECTIONS COMPUTED MONTHLY. THE MANAGEMENT AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR THE MANAGEMENT AGENT. FORM 990, PART VI, SECTION B, LINE 11B THE ASSET MANAGEMENT DEPARTMENT OF AN AFFILIATE OF THE MANAGEMENT COMPANY REVIEWS THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION CONTRACTS WITH TCB TO MANAGE THE PROPERTY. THE MANAGEMENT FEE WAS 6.85% OF THE GROSS COLLECTIONS COMPUTED MONTHLY. THE MANAGEMENT AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OF THE MANAGEMENT AGENT. THE COMMUNITY BUILDERS INC 33 ARCH STREET SUITE 100010TH FLOOR BOSTON MA 02110 042324773 TO DEVELOP HOUSING FOR LOW INCOME FAMILIES MA 501(C)(3) 509 (A) (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE COMMUNITY BUILDERS INC M 61949 PERCENTAGE OF GROSS POTENTIAL