2026-05-15T19:14:28-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-07-01 042646806 JULIETTE CORP JULI 6173713000 66 CANAL STREET BOSTON MA 02114 MARIAN O'NEIL SVP/CFO 6173713000 2026-05-15 1 1 JOLANTA TUCK P01340068 7813803520 2026-05-15 2024 2025-03-06 01:10:19Z KEVIN MARTONE 66 CANAL STREET BOSTON MA 02114 1111105 0 X N/A X 1978 MA THE ORGANIZATION'S MISSION IS TO ACQUIRE, RENOVATE AND OPERATE RENTAL COMPLEXES TO ADULTS WITH MENTAL ILLNESS WHO MEET SECTION 8 TENANT ELIGIBILITY REQUIREMENTS DEFINED BY HUD. 17 16 0 16 0 0 786778 842673 236513 227955 26040 22939 0 17538 1049331 1111105 0 0 0 0 0 0 0 0 0 651857 1116543 651857 1116543 397474 -5438 2700315 2730322 257045 523516 2443270 2206806 PROVIDE HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. 0 0 792826 245493 RESIDENTIAL RENTAL HOUSING TO 62 TENANTS UNDER SEC 202 OF THE NATIONAL HOUSING ACT. 792826 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X MARIAN O'NEIL 6173713000 66 CANAL STREET BOSTON MA 02122 AJAY CHADHA VICE CHAIRPERSON 0.10 4.00 X X 0 0 0 ANNE LEVINE DIRECTOR 0.10 2.50 X 0 0 0 BRUCE G GOODMAN ESQ DIRECTOR 0.10 2.50 X 0 0 0 CHRISTOPHER LENTO DIRECTOR 0.10 2.50 X 0 0 0 EDDY DESIR DIRECTOR 0.10 2.50 X 0 0 0 GREGORY BUSCONE TREASURER 0.10 3.50 X X 0 0 0 JEAN MCGUIRE DIRECTOR 0.10 2.50 X 0 0 0 KEVIN MARTONE PRESIDENT & CEO (AS OF 3/18/25) 0.10 42.00 X X 0 0 0 LISA BLAKE DIRECTOR 0.10 2.50 X 0 0 0 PETER A PEASE DIRECTOR 0.10 2.50 X 0 0 0 ROBERT J THOMAS DIRECTOR 0.10 2.50 X 0 0 0 RUTH FISHBEIN CHAIRPERSON 0.10 5.50 X X 0 0 0 SALLY THOMPSON DIRECTOR 0.10 2.50 X 0 0 0 SETH DALY STENNIS DIRECTOR 0.10 2.50 X 0 0 0 THOMAS J AITES DIRECTOR 0.10 2.50 X 0 0 0 WILLIAM H SPRAGUE PRESIDENT/CEO (THRU 3/18/25) 0.10 42.00 X X 0 213857 0 WILLIAM M MAFFIE III DIRECTOR 0.10 2.50 X 0 0 0 WILLIAM OAKLEY DIRECTOR (AS OF 2/21/25) 0.10 2.50 X 0 0 0 ANNE RUSH SVP & CHRO (AS OF 12/12/24) 0.10 42.00 X 0 0 0 CARLEY LUBARSKY SVP & CHIEF OPERATING OFFICER 0.10 42.00 X 0 230214 25213 HEMA MAHASE ASSISTANT CLERK 0.10 42.00 X 0 82475 18205 JOELLE NIMS CLERK 0.10 42.00 X 0 91880 41786 JULIE CELANO SVP & CHRO (THRU 10/2/24) 0.10 42.00 X 0 191005 9621 KELLY LACAVA SVP & CIO/CAO 0.10 42.00 X 0 201130 47452 KERRY J OLLEN INTERIM ASST TREASURER/SVP/CFO (AS OF 11/5/24) 0.10 42.00 X 0 477171 3449 MARCEL VERNON CFO, ASST. TREASURER (THRU 11/12/24) 0.10 42.00 X 0 296988 29906 LOUIS JOSEPHSON FORMER PRESIDENT & CEO 0.00 0.00 X 0 472097 12490 0 2256817 188122 0 1 1 0 0 842673 842673 TENANT RENTAL PAYMENTS 531110 227955 227955 227955 22939 22939 17538 17538 17538 1111105 245493 0 22939 X 27537 27537 40671 40671 132147 69169 62978 3049 560 2489 633123 633123 89974 89974 BAD DEBTS 190042 190042 1116543 792826 323717 0 130829 120445 334421 62571 25179 4444417 3212367 1322024 1232050 913041 1290077 2700315 2730322 197931 306314 24522 22003 7731 0 26861 195199 257045 523516 X 2443270 2206806 2443270 2206806 2700315 2730322 -5438 -231026 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78724 78724 4238029 3084703 1153326 82438 82438 0 45226 45226 0 1232050 DEPOSITS- TAXES AND INSURANCE 12263 RESERVE FOR REPLACEMENTS 1129191 RESIDUAL RECEIPTS RESERVE 128838 DUE FROM AFFILIATE 19785 1290077 DUE TO RELATED PARTY 81861 EXCESS PROJECT FUNDS - RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE 113338 195199 X 1111105 0 1111105 0 1111105 1116543 0 1116543 0 1116543 PART X, LINE 2: THE CORPORATION QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE CORPORATION IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS"). ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOMES TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, THE CORPORATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS AFTER THE FILING DATE. THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. U.S. GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF JUNE 30, 2025. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, FISCAL YEARS SINCE 2022 REMAIN OPEN. 1 1 0 LOUIS JOSEPHSON FORMER PRESIDENT & CEO 0 193567 0 38732 0 239798 0 0 0 12490 0 484587 0 0 KERRY J OLLEN INTERIM ASST TREASURER/SVP/CFO (AS O 0 84894 0 100 0 392177 0 0 0 3449 0 480620 0 0 MARCEL VERNON CFO, ASST. TREASURER (THRU 11/12/24) 0 280272 0 0 0 16716 0 0 0 29906 0 326894 0 0 CARLEY LUBARSKY SVP & CHIEF OPERATING OFFICER 0 218723 0 139 0 11352 0 22687 0 2526 0 255427 0 0 KELLY LACAVA SVP & CIO/CAO 0 199787 0 100 0 1243 0 20204 0 27248 0 248582 0 0 WILLIAM H SPRAGUE PRESIDENT/CEO (THRU 3/18/25) 0 129406 0 100 0 84351 0 0 0 0 0 213857 0 0 JULIE CELANO SVP & CHRO (THRU 10/2/24) 0 182708 0 0 0 8297 0 0 0 9621 0 200626 0 0 PART I, LINE 3 ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINES 4A-B THE COMPENSATING ORGANIZATION HAS SPLIT DOLLAR LIFE POLICIES FOR CERTAIN EMPLOYEES. THE FOLLOWING EMPLOYEES LISTED ON SCHEDULE 990 PART VII SECTION A HAVE ADDITIONAL COMPENSATION INCLUDED IN THEIR W-2 WAGES FOR THE CALENDAR YEAR 2024 IN THE FOLLOWING AMOUNTS: KERRY J. OLLEN - $366,085 WILLIAM SPRAGUE - $84,351 THE COMPENSATING ORGANIZATION MADE SEVERANCE PAYMENTS TO THE BELOW INDIVIDUAL DURING CALENDAR YEAR 2024: LOUIS JOSEPHSON - $204,406 FORM 990, PART VI, SECTION A, LINE 3 BAY COVE HUMAN SERVICES, INC PROVIDES MANAGEMENT SERVICES FOR THE ORGANIZATION AND IS REIMBURSED FOR COSTS RELATED TO SALARIES & WAGES, PAYROLL COSTS, INSURANCE AND MANAGEMENT FEES. THE CORPORATION INCURRED A MANAGEMENT FEE OF $27,537 FOR THE YEAR ENDED JUNE 30, 2025, DUE TO BAY COVE HUMAN SERVICES, INC. THE MANAGEMENT FEE IS EQUAL TO 2.91%, 2.74% AND 3.6029% OF RESIDENTIAL INCOME COLLECTED BY BC I, BC II AND BC III, RESPECTIVELY. THE AGREEMENTS ARE IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR BAY COVE HUMAN SERVICES, INC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE TREASURER AND BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A DISCLOSURE REQUIRED TO BE SUBMITTED ANNUALLY DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 69,169. MANAGEMENT AND GENERAL EXPENSES 62,978. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,147. BAY COVE HIGH SCHOOL 66 CANAL STREET BOSTON MA 02114 042718729 INACTIVE CORPORATION MA 501(C)(3) LINE 7 BAY COVE HUMAN SERVICES INC 0 BAY COVE HUMAN SERVICES INC 66 CANAL STREET BOSTON MA 02114 042518575 HUMAN SERVICES AGENCY MA 501(C)(3) LINE 7 N/A 0 BAY COVE MOSELEY GROUP HOME INC 66 CANAL STREET BOSTON MA 02114 043123008 RESIDENTIAL RENTAL MA 501(C)(3) LINE 10 BAY COVE HUMAN SERVICES INC 0 BAY COVE ORCHARDFIELD RESIDENCE INC 66 CANAL STREET BOSTON MA 02114 043501357 RESIDENTIAL RENTAL MA 501(C)(3) LINE 7 BAY COVE HUMAN SERVICES INC 0 BAY COVE HAMILTON GROUP HOME INC 66 CANAL STREET BOSTON MA 02114 043211683 RESIDENTIAL RENTAL MA 501(C)(3) LINE 10 BAY COVE HUMAN SERVICES INC 0 CASPAR INC 66 CANAL STREET BOSTON MA 02114 237193288 HUMAN SERVICES AGENCY MA 501(C)(3) LINE 7 BAY COVE HUMAN SERVICES INC 0 BAY COVE WOODWARD PARK RESIDENCE INC 66 CANAL STREET BOSTON MA 02114 043184824 RESIDENTIAL RENTAL MA 501(C)(3) LINE 10 BAY COVE HUMAN SERVICES INC 0 GROWTHWAYS INC 41 NORTH PEARL STREET BROCKTON MA 02301 042742635 HUMAN SERVICES AGENCY MA 501(C)(3) LINE 10 BAY COVE HUMAN SERVICES INC 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0