2025-07-15T01:53:32-05:00 2024-08-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-09-01 251832272 PENNLEY SUPPORTIVE HOUSING FOR THE ELDERLY INC % THE COMMUNITY BUILDERS PENN 8572218600 33 ARCH STREET STE 1000 10TH FL BOSTON MA 02110 THOMAS BUONOPANE CHIEF INVESTMENT OFFICER 8572218600 2025-07-14 1 1 JOLANTA TUCK P01340068 7813803520 2025-07-10 2023 2025-03-06 01:10:19Z X BARTHOLOMEW J MITCHELL I 33 ARCH STREET STE 1000 10TH FL BOSTON MA 02110 408869 0 X N/A X 1999 PA PROVIDE HOUSING FOR THE ELDERLY 7 7 0 8 0 0 266108 266163 139320 141911 583 795 225 0 406236 408869 0 0 0 0 0 0 0 0 0 425197 414550 425197 414550 -18961 -5681 2274737 2216248 855346 802538 1419391 1413710 TO PURCHASE, CONSTRUCT, OWN AND OPERATE AFFORDABLE HOUSING FOR ELDERLY PERSONS OF LOW INCOME 0 0 370026 141911 TO PURCHASE, CONSTRUCT, OWN AND OPERATE 38 UNITS OF AFFORDABLE HOUSING FOR ELDERLY PERSONS OF LOW INCOME IN PITTSBURGH, PA 370026 1 1 0 0 0 0 0 0 1 0 1 0 0 1 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 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BARTHOLOMEW J MITCHELL III 8572218600 33 ARCH STREET SUITE 1000 10TH BOSTON MA 02110 X BEVERLY BATES DIRECTOR 0.20 X 0 0 0 DEHAVILLAND WILLIAMS DIRECTOR 0.20 X 0 0 0 JACQUELINE ALEXANDER DIRECTOR/TREASURER (UNTIL 9/23) 0.20 X X 0 0 0 JOHANNA SMITH DIRECTOR 0.20 X 0 0 0 JONATHAN KLEIN DIRECTOR 0.20 X 0 0 0 JUAN POWELL DIRECTOR/PRESIDENT 0.20 X X 0 0 0 TAMARA DUDUKOVICH DIRECTOR 0.20 X 0 0 0 THOMAS BUONOPANE DIRECTOR 0.20 X 0 0 0 0 0 0 0 0 0 0 0 266163 266163 TENANT RENT REVENUE 531110 141911 141911 141911 795 795 408869 141911 0 795 X 27847 260 27587 124 124 16937 16937 83527 83527 2113 2113 19077 19077 139397 139397 1020 1020 109510 109510 RESIDENT SERVICES 13583 13583 BAD DEBTS 1415 1415 414550 370026 44524 0 90646 8188 546 22960 15439 18876 3965654 2115251 1869583 1850403 298523 315821 2274737 2216248 70521 17724 1685 1445 10250 10479 692000 692000 80890 80890 0 855346 802538 X 1419391 1413710 1419391 1413710 2274737 2216248 -5681 0 X 0 1 X 0 1 1 X 167965 230748 249502 266108 266163 1180486 114222 127644 140283 139320 141911 663380 282187 358392 389785 405428 408074 1843866 0 0 0 1843866 43 53 50 583 795 1524 43 53 50 583 795 1524 849 2560 1351 225 4985 283079 361005 391186 406236 408869 1850375 0.99650 0.99610 0.00080 0.00050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2019 AMOUNT: $ 849. MISCELLANEOUS - 2020 AMOUNT: $ 2,560. 2021 AMOUNT: $ 1,351. 2022 AMOUNT: $ 225. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3909777 2060058 1849719 18064 18064 0 37813 37129 684 1850403 SECURITY DEPOSITS 10647 RESERVE FOR REPLACEMENT 305174 315821 X 408869 0 408869 0 408869 414550 0 414550 0 414550 PART IV, LINE 2B: THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF AUGUST 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, FISCAL YEARS SINCE 2021 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION INCURRED A MANAGEMENT FEE OF $27,207 FOR THE YEAR ENDED AUGUST 31, 2024. THE MANAGEMENT FEE WAS 6.386% OF EFFECTIVE GROSS INCOME AS OF JANUARY 1, 2022, WHICH WAS INCREASED TO 7.071% AS OF MARCH 1, 2024. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR TCB. FORM 990, PART VI, SECTION B, LINE 11B AN OFFICER OF THE MANAGEMENT COMPANY REVIEWS THE RETURN. A COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 15 CURRENTLY THE OFFICERS, KEY EMPLOYEES AND DIRECTORS RECEIVE NO COMPENSATION FROM THE ORGANIZATION OR FROM RELATED ORGANIZATIONS. IF AND WHEN THE OFFICERS OR KEY EMPLOYEES ARE COMPENSATED IT WILL BE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 83,527. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,527.