2026-05-10T21:23:54-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-07-01 311727629 BOLTON SENIOR HOUSING CORPORATION C/O RCAP SOLUTIONS INC BOLT 9786306600 191 MAY STREET WORCESTER MA 01602 BRIAN SCALES VICE PRESIDENT AND TREASURER 9786306600 2026-05-07 1 1 JOLANTA TUCK P01340068 7813803520 2026-04-06 2024 2025-03-06 01:10:19Z EILEEN GRIFFIN WRIGHT 191 MAY STREET WORCESTER MA 01602 504030 0 X N/A X 2000 MA OPERATE 28 UNITS OF AFFORDABLE RESIDENTIAL ELDERLY HOUSING IN BOLTON, MASSACHUSETTS. 1 1 0 0 0 0 289377 320939 165249 179482 986 1178 2225 2431 457837 504030 0 0 0 0 0 0 0 0 0 577775 550414 577775 550414 -119938 -46384 2412278 2370400 4055081 4059587 -1642803 -1689187 OPERATE 28 UNITS OF AFFORDABLE RESIDENTIAL ELDERLY HOUSING IN BOLTON, MASSACHUSETTS. 0 0 502172 181913 OPERATE 28 UNITS OF AFFORDABLE RESIDENTIAL ELDERLY HOUSING IN BOLTON, MASSACHUSETTS. 502172 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 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X BRIAN SCALES 9786306600 191 MAY STREET WORCESTER MA 01602 X EILEEN GRIFFIN WRIGHT PRESIDENT 0.10 X X 0 0 0 BRIAN SCALES VP/TREASURER 0.10 X 0 0 0 DEBORAH FOLEY CLERK/RESIDENT AGENT 0.10 X 0 0 0 0 0 0 0 0 0 0 RCAP SOLUTIONS INC 191 MAY STREET WORCESTER MA 01602 MANAGEMENT SERVICES 231790 1 320939 320939 TENANT RENTAL INCOME 531110 179482 179482 179482 1178 1178 LAUNDRY & VENDING 531110 2431 2431 2431 504030 181913 0 1178 X 34564 34564 13678 13678 132606 132606 400 400 21607 21607 208070 208070 144 144 116006 116006 SERVICE EXPENSE 23214 23214 TAXES/LICENSES/PERMITS 125 125 550414 502172 48242 0 11138 25024 8076 15395 5434 7163 4154372 2205604 2051464 1948768 336166 374050 2412278 2370400 102866 107696 1168 1181 13762 13425 3937285 3937285 4055081 4059587 X -1642803 -1689187 -1642803 -1689187 2412278 2370400 -46384 0 X 0 1 X 1 1 1 X 289440 286343 292241 289377 320939 1478340 130251 136592 147598 165249 179482 759172 419691 422935 439839 454626 500421 2237512 0 0 0 2237512 114 119 229 986 1178 2626 114 119 229 986 1178 2626 2132 2174 1873 2225 2431 10835 421937 425228 441941 457837 504030 2250973 0.99400 0.99420 0.00120 0.00080 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY INCOME - 2020 AMOUNT: $ 2,132. 2021 AMOUNT: $ 2,174. 2022 AMOUNT: $ 1,873. 2023 AMOUNT: $ 2,225. 2024 AMOUNT: $ 2,431. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 15001 15001 3943598 2057213 1886385 79929 34781 45148 115844 113610 2234 1948768 TENANT SECURITY DEPOSITS 13425 REPLACEMENT RESERVES 353622 RESIDUAL RECEIPTS RESERVE 7003 374050 X 504030 0 504030 0 504030 550414 0 550414 0 550414 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. 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: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2025. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025, 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 IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, FISCAL YEARS SINCE 2022 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS AFFILIATED WITH RCAP SOLUTIONS, INC.(RCAP), A NONPROFIT CORPORATION WHO IS THE SPONSOR AGENCY OF THE PROJECT. RCAP PROVIDES PROPERTY MANAGEMENT SERVICES AND IS REIMBURSED BY THE CORPORATION. THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $34,564 FOR THE YEAR ENDED JUNE 30, 2025 TO RCAP SOLUTIONS, INC. THE MANAGEMENT FEE IS EQUAL TO 6.94% OF TOTAL RENTAL INCOME COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR RCAP. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT COMPANY CEO AND BOARD PRESIDENT WORK CLOSELY WITH THE CPA FIRM AND PROVIDE INFORMATION NECESSARY TO COMPLETE THE 990. THE 990 IS DISCUSSED WITH THE BOLTON BOARD, HIGHLIGHTING THE IMPORTANCE OF COMPLIANCE WITH IRS REGULATIONS AS IT IS PRESENTED ON THE 990. THE FORM IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS ONCE COMPLETED BY THE CPA FIRM. FORM 990, PART VI, SECTION B, LINE 12C THE ENTITY PROVIDES A PACKET OF INFORMATION TO THE BOARD 3-4 WEEKS IN ADVANCE OF THE BOARD MEETING. INCLUDED IN THE PACKET IS THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM. THE BOARD MEMBERS, IN ADDITION TO DEBORAH FOLEY, COMPLETE AND RETURN THE CONFLICT OF INTEREST DISCLOSURE FORM TO DEB, WHO LOGS THEM IN. IF SHE DOES NOT RECEIVE THESE DISCLOSURE FORMS PRIOR TO THE ANNUAL MEETING, SHE WILL FOLLOW UP AND OBTAIN THEM AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC WHEN REQUESTED IN WRITING. REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT OF THE BOARD OF DIRECTORS. IN ADDITION, FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 132,606. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,606.