2025-11-11T09:27:12-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 042944144 HOUSING CORPORATION OF ARLINGTON HOUS 7818595294 252 MASSACHUSETTS AVE ARLINGTON MA 02474 ERICA SCHWARZ EXECUTIVE DIRECTOR 7818595294 2025-11-10 1 1 JUSTIN K LEROUX CPA P01722988 5083669100 2025-11-10 2023 2025-03-06 01:10:19Z X THOMAS NEE 252 MASSACHUSETTS AVE ARLINGTON MA 02474 2298053 0 X WWW.HOUSINGCORPARLINGTON.ORG X 1986 MA THE HOUSING CORPORATION OF ARLINGTON PROVIDES AND ADVOCATES FOR DECENT, AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES AND INDIVIDUALS IN ARLINGTON AND SURROUNDING COMMUNITIES, WHILE PROMOTING SOCIAL AND ECONOMIC DIVERSITY. 13 13 5 36 0 0 3765246 688354 1113221 1297303 4331 54917 172955 257479 5055753 2298053 81502 114761 0 0 392187 409844 0 0 96008 5151319 2513072 5625008 3037677 -569255 -739624 21110462 20255063 22220285 22104510 -1109823 -1849447 X TO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE INCOME MEMBERS OF SOCIETY. 0 0 1843011 1554782 AFFORDABLE HOUSINGHCA OWNS AND MANAGES 151 UNITS OF AFFORDABLE RENTAL HOUSING. OUR NEXT AFFORDABLE HOUSING DEVELOPMENT OF 43 PASSIVE HOUSE UNITS WILL BE COMPLETED IN 2026. HCA'S HOUSING PROPERTIES RANGE IN SIZE FROM 2-48 UNITS AND ARE LOCATED THROUGHOUT ARLINGTON. UNITS ARE RESTRICTED TO BE AFFORDABLE IN PERPETUITY FOR HOUSEHOLDS EARNING NO MORE THAN 60% OF THE AREA MEDIAN INCOME. HCA ENGAGES A PROFESSIONAL PROPERTY MANAGEMENT FIRM TO HELP MANAGE OUR PROPERTIES. HCA CONTINUALLY SEEKS NEW SITES IN ORDER TO CREATE MORE AFFORDABLE HOMES VIA ACQUISITION AND REHAB, OR NEW CONSTRUCTION. 910593 114761 SOCIAL SERVICESHCA SUPPORTS OUR OWN TENANTS AND OTHER LOW-INCOME FAMILIES WITH A WIDE RANGE OF HOUSING AND OTHER SOCIAL SERVICE NEEDS. BASED ON A COMPREHENSIVE INTAKE, ASSISTANCE MAY INCLUDE: HOMELESSNESS PREVENTION PROGRAM GRANTS: HCA HELPS APPROXIMATELY 50 ARLINGTON FAMILIES A YEAR REMAIN STABLY HOUSED BY AWARDING CLOSE TO $100,000 IN DIRECT SMALL GRANTS TO COVER RENT, SECURITY DEPOSIT OR MOVING EXPENSES. THESE ONE-TIME GRANTS MAY BE THE DIFFERENCE BETWEEN HOMELESSNESS AND STABILITY FOR FAMILIES FACING JOB LOSS, MEDICAL ISSUES, DIVORCE, OR OTHER LIFE CIRCUMSTANCES.HOUSING SUPPORT & SEARCH: HCA HELPS FAMILIES AND INDIVIDUALS WITH HOUSING SEARCH, AND ADDRESS UNSAFE HOUSING CONDITIONS, THREAT OF EVICTION AND MORE. HCA STAFF HELP TENANTS COMMUNICATE WITH LANDLORDS, APPLY FOR WAITING LISTS (INCLUDING HCA'S), APPLY FOR HOUSING VOUCHERS, SECURE A SHELTER BED, OR APPLY FOR HPP AND/OR OTHER RENTAL ASSISTANCE. OTHER SERVICES: HCA STAFF HELP CLIENTS SECURE SOCIAL SECURITY BENEFITS AND MASSHEALTH HEALTH CARE. WE REFER FAMILIES FOR MENTAL HEALTH COUNSELING, FOOD, FUEL ASSISTANCE, JOB SEARCH AND MORE. HCA STAFF MAINTAIN STRONG RELATIONSHIPS WITH PARTNERS, AND FOLLOWS UP UNTIL CLIENTS' NEEDS ARE MET. THROUGH BANK PARTNERSHIPS, HCA ALSO PROVIDES FREE FINANCIAL LITERACY CLASSES. COMMUNITY ENGAGEMENT AND LEADERSHIP DEVELOPMENTTHROUGH HCA'S TENANT COUNCIL OUR TENANTS GAIN A VOICE IN HOW HCA'S PROPERTIES ARE MANAGED AND CAN PLAY A DIRECT ROLE IN BUILDING THEIR QUALITY OF LIFE. ANY TENANT CAN GAIN LEADERSHIP SKILLS BY JOINING THE TENANT COUNCIL STEERING COMMITTEE, WHICH FACILITATES THE COUNCIL WITH HCA STAFF SUPPORT.HCA ALSO HELPS TO EDUCATE COMMUNITY MEMBERS OF ALL INCOMES ABOUT AFFORDABLE HOUSING ISSUES, AND HELPS THEM BRING THEIR VOICE TO PUBLIC CONVERSATIONS AND TO DECISION MAKING PROCESSES RELATING TO AFFORDABLE HOUSING AND FAMILY STABILITY AT THE STATE AND LOCAL LEVEL. HCA TENANTS AND OTHER RESIDENTS ALSO PLAY KEY ROLES ON HCA COMMITTEES, INCLUDING THE BOARD OF DIRECTORS. 2753604 1 1 0 0 0 0 0 0 1 0 1 0 0 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 1 0 0 0 1 23 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X TAKAYEDZA MASHOKO 7818595294 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 THOMAS NEE PRESIDENT (UNTIL 10/23) 3.00 1.00 X X 0 0 0 NEAL MONGOLD VP (UNTIL 10/23)/PRES. (AS OF 10/23) 3.00 1.00 X X 0 0 0 JONATHAN WALLACH TREASURER 3.00 1.00 X X 0 0 0 DEIRDRE WESTCOTT CLERK 3.00 1.00 X X 0 0 0 DANIELLE CHERY DIRECTOR 2.00 X 0 0 0 MAKEELIA PARKER DIRECTOR 2.00 X 0 0 0 JACK COOPER DIRECTOR 2.00 X 0 0 0 KINJAL SINGH DIRECTOR 2.00 X 0 0 0 LAURA WIENER DIRECTOR 2.00 X 0 0 0 MATTHEW PIERCE DIRECTOR 2.00 X 0 0 0 FRANCIS TADLEY DIRECTOR (UNTIL 10/23) 2.00 X 0 0 0 JILLIAN STANDISH DIRECTOR (AS OF 10/23) 2.00 X 0 0 0 TINA ANDERSON DIRECTOR (AS OF 10/23) 2.00 X 0 0 0 ELENA ARRENDOL DIRECTOR (AS OF 10/23) 2.00 X 0 0 0 KEN GARDEN DIRECTOR (AS OF 10/23) 2.00 X 0 0 0 ERICA SCHWARZ EXECUTIVE DIRECTOR 40.00 1.00 X 112205 0 3019 112205 0 3019 1 0 0 0 UTILE INC 115 KINGSTON ST BOSTON MA 02111 ARCHITECTURAL SERVICES 264381 1 334020 354334 688354 RENTAL INCOME 531120 1188412 1188412 DEVELOPER FEES 531390 71237 71237 MANAGEMENT FEES 531390 37654 37654 1297303 54917 54917 OTHER INCOME 531110 257479 257479 257479 2298053 1554782 0 54917 114761 114761 115224 53003 32263 29958 242503 215810 4287 22406 22098 18028 1432 2638 30019 22814 3002 4203 54380 54380 19926 17533 979 1414 147315 25710 121605 263704 253955 3988 5761 51844 44630 2951 4263 676167 650504 10498 15165 7862 7862 616152 616152 76171 75339 340 492 MISCELLANEOUS 364544 348116 6720 9708 LOAN LOSS PROVISIONS 185007 185007 BAD DEBTS 50000 50000 3037677 2753604 188065 96008 706194 228153 10349 91955 39461 70605 21858371 7487023 14946911 14371348 5407547 5493002 21110462 20255063 508659 702691 57887 52502 20553739 20100214 1100000 1249103 22220285 22104510 X -1109823 -1849447 -1109823 -1849447 21110462 20255063 -739624 0 X X 0 1 X 1 0 X 515791 1319941 579947 3765246 688354 6869279 515791 1319941 579947 3765246 688354 6869279 6869279 4864 1272 80 4331 54917 65464 6934743 6593016 0.99060 0.99790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2348615 2348615 11946414 5417538 6528876 7444938 2045259 5399679 118404 24226 94178 14371348 RESTRICTED CASH 466690 DUE FROM AFFILIATES 468098 PROJECTS UNDER DEVELOPMENT 4558214 5493002 CONDITIONAL GRANT ADVANCE 1224584 LINE OF CREDIT 24519 1249103 X PART IV, LINE 2B: HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WTIH TENANT RENTAL AGREEMENTS. PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2023. HOWEVER, THE AGENCY IS SUBJECT TO AUDIT BY TAX AUTHORITIES. 1 HOMELESS PREVENTION PROGRAM 54 114761 N/A N/A PART I, LINE 2: THE HOMELESSNESS PREVENTION PROGRAM WAS CREATED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO ARLINGTON RESIDENTS FACING POSSIBLE HOMELESSNESS. THE PROGRAM PROVIDES GRANTS TO ASSIST WITH BACK RENT, AN UNEXPECTED CRISIS OR SECURITY DEPOSITS. GRANTS ARE CAPPED AT $2,500 AND ARE GIVEN ONLY IN CASES IN WHICH THE ASSISTANCE WILL STABILIZE HOUSING FOR A RESIDENT FOR AT LEAST A SIX MONTH PERIOD. FORMAL PROGRAM GUIDELINES SET FORTH ELIGIBLE COSTS, INCOME LIMITS OF APPLICANTS, AND FUNDING LIMITS. THE PROGRAM IS ADMINISTERED BY HCA. A COMMITTEE COMPOSED OF THREE ARLINGTON COMMUNITY MEMBERS CHOSEN DUE TO THEIR RELEVANT KNOWLEDGE OR EXPERIENCE MAKE A RECOMMENDATION FOR GRANTS. MANAGEMENT OF HCA MAKES THE FINAL FUNDING DECISIONS. FORM 990, PART I THE ORGANIZATION IS FILING AN AMENDED RETURN FOR 12/31/2023 DUE TO UPDATED FINANCIAL STATEMENTS BEING ISSUED. INCLUDED IN THE AMENDED FORM 990 IS: AN UPDATE TO REVENUE AMOUNTS ON PAGE 9 AN UPDATE TO THE EXPENSE AMOUNTS ON PAGE 10 AN UPDATE TO THE BALANCE SHEET AMOUNTS ON PAGE 11 AN UPDATE TO RECONCILING ITEMS ON PAGE 12 AN UPDATE TO SCHEDULE A PART II AN UPDATE TO SCHEDULE B AN UPDATE TO SCHEDULE D, PART VI FORM 990, PART VI, SECTION A, LINE 3 THE AGENCY HAS AN AGREEMENT WITH PEABODY PROPERTIES, INC. (PEABODY), AN UNRELATED ENTITY TO CARRY ON THE DAY-TO-DAY OPERATIONS OF THE PROJECTS. PEABODY RECEIVES A MANAGEMENT FEE OF 5% HCA'S RENTAL UNITS' GROSS RENTS, AS DEFINED IN THE AGREEMENT. THE AGENCY INCURRED MANAGEMENT FEES UNDER THESE AGREEMENTS TOTALING $54,380 FOR 2023. FORM 990, PART VI, SECTION B, LINE 11B HCA'S EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT OF THE FORM 990. ONCE APPROVED BY THE EXECUTIVE DIRECTOR AND TREASURER A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HCA ANNUALLY REQUIRES ALL STAFF AND BOARD TO READ AND SIGN THE CONFLICT OF INTEREST POLICY, AND TO REPORT ANY POTENTIAL OR ANTICIPATED CONFLICTS IF SUCH A CONFLICT MAY ARISE. FORMS ARE REVIEWED AND HELD BY THE OFFICE MANAGER. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR ALL NEW HIRES AND EXISTING STAFF ARE BASED ON: - DATA ON SALARIES OF SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS OR THOSE WITH SIMILAR BUDGETS - LEVEL OF RESPONSIBILITY OF THE POSITION - CONSIDERATION TO ENSURE THAT MORE SENIOR LEVEL STAFF DO NOT MAKE SIGNIFICANTLY MORE THAN OTHER STAFF THE EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S SALARY FIRST. THROUGH THE BUDGET PROCESS THE WHOLE BOARD APPROVES ALL SALARIES. THE ED OR DIRECTOR OF FINANCE REVIEWS NEW STAFF SALARIES WITH THE EXECUTIVE COMMITTEE AND EXISTING STAFF RAISES WITH THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 HCA'S FORM 990 IS AVAILABLE UPON REQUEST AND ON WWW.GUIDESTAR.ORG. HCA'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. HOLY SAGE KRP LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 843912985 AFFORDABLE HOUSING MA 159858 4399319 HOUSING CORPORATION OF ARLINGTON ACADEMY DEVELOPMENT PARTNERS INC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 371654418 AFFORDABLE HOUSING MA 501(C)(3) LINE 7 HOUSING CORPORATION OF ARLINGTON 1 HCA CAPITOL SQUARE APARTMENTS LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 460615711 RENTAL REAL ESTATE MA N/A 0 0 DSBI LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 843968780 RENTAL REAL ESTATE MA N/A 0 0 252 258-260 MASS AVE LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 800898408 RENTAL REAL ESTATE MA HOUSING CORPORATION OF ARLINGTON C -1563 0.79000 1 DSBI MANAGER LLC 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 872035443 RENTAL REAL ESTATE MA HOUSING CORPORATION OF ARLINGTON C -1611 0.79000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0