2025-07-09T14:10:11-05:00 2024-12-31 881478669 CBIZ ADVISORS LLC 100 WESTMINSTER STREET SUITE 500 PROVIDENCE RI 02903 990 2024-01-01 222472999 LEE ELDERLY HOUSING CORP C/O HEARTHWAY INC LEEE 4134991630 PO BOX 1180 PITTSFIELD MA 01202 PAULA GANGELL-MILLER PRESIDENT/CLERK 4134991630 2025-06-23 1 1 DAVID FONTAINE P00011053 4016004500 2025-06-23 2024 2025-03-06 01:10:19Z PAULA GANGELL-MILLER PO BOX 1180 PITTSFIELD MA 01202 628325 0 X N/A X 1983 MA TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 5 5 0 0 0 0 0 0 605985 624369 3171 3956 0 0 609156 628325 0 0 0 0 120654 105248 0 0 0 491950 474168 612604 579416 -3448 48909 1325803 1317596 1587013 1529897 -261210 -212301 TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 0 0 453075 624369 THE ORGANIZATION PROVIDES 41 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY. SECTION 8 RENTAL ASSISTANCE IS AVAILABLE FOR EVERY APARTMENT IN THE PROJECT. 453075 1 0 0 0 0 0 0 0 0 0 1 1 0 0 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 0 1 0 0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X HEARTHWAY INC 4134991630 PO BOX 1180 PITTSFIELD MA 01202 X PAULA GANGELL-MILLER PRESIDENT 0.00 X X 0 0 0 PAM NAVENTI VICE PRESIDENT 0.00 X X 0 0 0 LAURA BROWN CLERK 0.00 X X 0 0 0 LINDA WILCOX BOARD MEMBER 0.00 X 0 0 0 DIANNA STRINGER BOARD MEMBER 0.00 X 0 0 0 0 0 0 0 0 0 0 0 SECTION 8 SUBSIDIES 531390 429457 429457 RENTAL RECEIPTS 531390 191956 191956 LAUNDRY/OTHER RECEIPTS 531390 2956 2956 624369 3956 3956 628325 624369 0 3956 105248 45109 60139 40726 40726 663 663 20033 20033 196 196 195 195 4389 4389 119207 119207 84384 84384 80072 80072 41738 41738 REPAIRS 40514 40514 CLEANING & MAINTENANCE 18655 18655 SOCIAL SERVICE COORDINA 14932 14932 SECURITY 8214 8214 250 250 579416 453075 126341 0 24752 64515 5855 4441 8853 10623 2438174 2106433 394729 331741 796066 813578 83953 79841 11595 12857 1325803 1317596 45086 9185 5049 8353 1475505 1437129 61373 75230 1587013 1529897 X -261210 -212301 -261210 -212301 1325803 1317596 48909 0 X X 0 1 X 1 1 1 X 379077 411137 410222 423614 431493 2055543 379077 411137 410222 423614 431493 2055543 2055543 944 580 693 3171 3956 9344 2064887 409188 0.99550 0.99660 X 79759 79759 1515634 1509318 6316 758064 512398 245666 56476 56476 0 28241 28241 0 331741 CASH REPLACEMENT RESERVE 574790 F CASH RESIDUAL RECEIPTS 20802 F OPERATING RESERVE 31103 F ESCROW 186883 F 813578 ACCRUED INTEREST 6946 ACCRUED REAL ESTATE TAXES 44125 SECURITY DEPOSITS PAYABLE 12857 DUE TO HEARTHWAY 11302 75230 X 628325 0 628325 0 628325 579416 0 579416 0 579416 PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAX, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE PROJECT'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE PROJECT HAS BEEN CLASSIFIED AS A PROJECT THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE PROJECT HAD NO UNRELATED BUSINESS INCOME FOR 2024. THE PROJECT RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS IN ACCORDANCE WITH THE FASB ASC 740, INCOME TAXES. UNDER THAT GUIDANCE, THE PROJECT ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED INCOME TAXES, IF IDENTIFIED, WILL BE CLASSIFIED AS INTEREST EXPENSE AND INCOME TAXES, RESPECTIVELY, IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2024. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS IN PROGRESS OR PENDING. FORM 990, PART VI, SECTION A, LINE 3 A CONTRACTUAL AGREEMENT EXISTS WHERE BERKSHIRE HOUSING SERVICES, INC. IS THE MANAGEMENT AGENT FOR THE PROPERTY. ALL LEASING, ACCOUNTING, AND MAINTENANCE DUTIES ARE DELEGATED TO THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW IN DETAIL THE FORM 990 BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THE POLICY ON THE BOARD LEVEL THROUGH DISCUSSIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR HEARTHWAY INC PO BOX 1180 PITTSFIELD MA 01202 042483322 DEVELOPMENT AND OPERATION OF HOUSING AND COMMUNITY DEVELOPMENT PROJECTS MA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 HEARTHWAY INC M 149800 COST