2025-11-03T20:31:10-06:00 2024-12-31 881478669 CBIZ ADVISORS LLC 100 WESTMINSTER STREET SUITE 500 PROVIDENCE RI 02903 990 2024-01-01 042483221 BERKSHIRE FUND C/O HEARTHWAY INC BERK 4134991630 PO BOX 1180 PITTSFIELD MA 01202 ALLISON MAXFIELD CFO 4134991630 2025-11-03 1 1 DAVID FONTAINE P00011053 4016004500 2025-10-29 2024 2025-03-06 01:10:19Z ALLISON MAXFIELD PO BOX 1180 PITTSFIELD MA 01202 2510195 0 X N/A X 1971 MA PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS, REHABILITATION OF DETERIORATED HOUSING AND OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS, THEIR CHILDREN AND LOW INCOME FAMILIES 4 4 0 0 0 0 36667 125407 2438248 2218880 178113 165908 35863 0 2688891 2510195 390358 105976 0 0 455869 465396 0 0 0 2499218 2174058 3345445 2745430 -656554 -235235 28941797 29466477 15678795 12036223 13263002 17430254 PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS, REHABILITATION OF DETERIORATED HOUSING AND OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS, THEIR CHILDREN AND LOW INCOME FAMILIES 0 0 2046831 88740 1904908 OPERATION OF RENTAL HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES 234798 313972 OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN 17236 17236 PROVIDE SECOND MORTGAGES TO FIRST TIME HOME BUYERS 2298865 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X THE ORGANIZATION 4134991630 PO BOX 1180 PITTSFIELD MA 01202 X ANTHONY DOYLE PRESIDENT 0.00 X X 0 0 0 JOHN GRAHAM III TREASURER 0.00 X X 0 0 0 CATHERINE CARCHEDI CLERK 0.00 X X 0 0 0 CRYSTAL GARNEAU BOARD MEMBER 0.00 X 0 0 0 0 0 0 0 0 0 0 0 88740 36667 125407 RENTAL RECEIPTS 531310 2103373 2103373 LAUNDRY & OTHER INCOME 531310 115507 115507 2218880 165908 165908 2510195 2218880 0 165908 105976 105976 465044 279223 185821 352 352 127185 127185 12772 12772 64853 64853 6065 6065 2673 2673 10342 10342 21050 21050 341102 341102 333175 333175 420691 420691 165152 165152 REPAIRS 245087 245087 CLEANING & MAINTENANCE 123158 123158 REAL ESTATE TAXES 118132 118132 MISCELLANEOUS OPERATING 63722 52722 11000 118899 114095 4804 2745430 2298865 446565 0 557023 486539 624629 715328 13239940 13938561 39499 54629 19153574 9690131 9720538 9463443 2956500 2956500 5000 110953 1798668 1740524 28941797 29466477 390426 310391 16026 531720 8848130 8423213 6424213 2770899 15678795 12036223 X 13196414 17363666 66588 66588 13263002 17430254 28941797 29466477 -235235 4402487 0 X X 0 1 X 1 0 X 1358774 74993 2963336 2474915 2218880 9090898 1358774 74993 2963336 2474915 2218880 9090898 9090898 8557 20796 101516 178113 165908 474890 8381 1770 21190 35863 67204 9632992 0.94370 0.94540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 641632 641632 12395175 6280050 6115125 6037067 3339031 2698036 79700 71050 8650 9463443 INVESTMENT IN HIGHLAND WOODS MANAGER 2956500 C 2956500 CASH - TENANT SECURITY DEPOSITS 64879 COLLATERAL TRUST FUND 312255 OPERATING RESERVE 244113 REAL ESTATE TAX AND INSURANCE ESCROWS 296276 REPLACEMENT RESERVE 823001 1740524 ACCRUED INTEREST PAYABLE 2629438 TENANT SECURITY DEPOSIT PAYABLE 64879 DUE TO HEARTHWAY 76582 2770899 X PART X, LINE 2: THE ORGANIZATION 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 ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR 2024. THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS IN ACCORDANCE WITH THE FASB ASC 740, INCOME TAXES. UNDER THAT GUIDANCE, THE ORGANIZATION 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 ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS IN PROGRESS OR PENDING. 0 FORGIVENESS OF DEBT 14 17236 GRANTS TO INDIVIDUALS 33 88740 PART 1, LINE 2 THE ORGANIZATION FORGIVES A PORTION OF THE LOANS RECEIVABLE ON A YEARLY BASIS. THIS IS MONITORED BY MANAGEMENT YEARLY TO ENSURE THAT THE CORRECT AMOUNT IS BEING FORGIVEN. FORM 990, PART VI, SECTION A, LINE 3 A CONTRACTUAL AGREEMENT EXISTS WHERE BERKSHIRE HOUSING SERVICES, INC. IS THE MANAGEMENT AGENT FOR THE RENTAL PROPERTIES. ALL LEASING, ACCOUNTING, AND MAINTENANCE DUTIES ARE DELEGATED TO THE MANAGEMENT COMPANY. ALSO, BERKSHIRE HOUSING SERVICES, INC. RUNS CLASSES TO EDUCATE FIRST TIME HOMEBUYERS ABOUT HOME OWNERSHIP. 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 MONITORING IS COMPLETED 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 POX 1180 PITTSFIELD MA 01202 042483322 DEVELOPMENT AND OPERATION OF HOUSING COMMUNITY DEVELOPMENT PROJECTS MA 501(C)(3) LINE 10 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 HEARTHWAY INC M 752404 COST OF SERVICES HEARTHWAY INC N 11434 INCOME RECEIVED HEARTHWAY INC D 59677 OUTSTANDING BALANCE