2022-05-16T12:10:18-05:00 2021-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2020-07-01 237168031 ONEHOLYOKE COMMUNITY DEVELOPMENT CORP OLDE 4135337101 70 LYMAN STREET HOLYOKE MA 01040 MICHAEL MORIARTY PRESIDENT 4135337101 2022-05-15 1 MICHAEL MORIARTY 999009999 HOWARD L CHENEY P00381206 4135368510 2022-05-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ONEHOLYOKE CDC MICHAEL MORIARTY 70 LYMAN STREET HOLYOKE MA 01040 2908768 0 X WWW.ONEHOLYOKE.ORG X 1972 MA TO HELP DEVELOP LOW AND MODERATE INCOME HOUSING AND ASSIST THE EXPANSION OF BUSINESS IN HOLYOKE, MA. 10 10 10 250 0 0 7922 213742 2104710 2326071 735863 14026 46360 188628 2894855 2742467 142686 84570 0 0 514147 465280 0 0 147866 2078090 2185088 2734923 2734938 159932 7529 4504612 4463894 1084502 1036255 3420110 3427639 TO FURTHER THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING, TO ASSIST IN THE EXPANSION OF LOCALLY-OWNED BUSINESS ENTERPRISES AND TO PROVIDE OTHER ASSISTANCE FOR THE IMPROVEMENT OF RESIDENTIAL AND BUSINESS PROPERTY IN HOLYOKE, MASSACHUSETTS. 0 0 1680582 2126200 PROVIDED 221 RENTAL UNITS FOR RENT FOR LOW TO MODERATE INCOME INDIVIDUALS. APPROXIMATELY 80 TENANTS RECEIVE SUBSIDIZED RENTAL ASSISTANCE FROM VARIOUS AGENCIES. 84570 84570 199871 NIP GRANT PROGRAM - TO ASSIST HOMEOWNERS WITH HOME IMPROVEMENT PROJECTS TO IMPROVE THE OVERALL QUALITY OF LIFE IN THE CITY OF HOLYOKE. HOMEOWNERS PAID $22,894 OF THEIR OWN FUNDS TOWARD QUALIFIED HOME IMPROVEMENTS. GRANT FUNDS OF $84,570 WERE EXPENDED ON QUALIFIED HOME IMPROVEMENTS IN ADDITION TO THE HOMEOWNER CONTRIBUTIONS. THIS PROGRAM RESULTED IN $107,464 IN HOME REPAIRS TO 12 HOMEOWNERS IN HOLYOKE, MA. 693914 RNIP LOAN PROGRAM - THE HOLYOKE RENTAL NEIGHBORHOOD IMPROVEMENT PROGRAM PROVIDES LOW INTEREST LOANS TO RENTAL PROPERTY OWNERS TO PROVIDE QUALITY HOUSING IN THE CITY OF HOLYOKE. LOANS MAY BE USED TO MAKE BUILDING IMPROVEMENTS INCLUDING ENERGY SAVING REHAB LIKE WINDOWS, DOORS AND HVAC SYSTEMS OR TO ADDRESS CODE/BUILDING VIOLATIONS. FUNDING MUST RESULT IN OCCUPIABLE UNITS WHICH MEET HUD HQS STANDARDS. INTERIM FINANCING AND REFINANCING OF EXISTING DEBT IS NOT PERMITTED. AT PROJECT COMPLETION, 51% OF TENANTS MUST MEET THE SECTION 8 INCOME LIMITS. 2459066 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 42 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 1 0 MA X MIKE MORIARTY 4135337101 70 LYMAN STREET HOLYOKE MA 01040 WALTER NALESNIK CHAIRMAN 1.00 X X 0 0 0 DUANE CAMP TREASURER 1.00 X X 0 0 0 ARMANDO SANTIAGO CLERK 1.00 X X 0 0 0 MAURICE N LACASSE DIRECTOR 1.00 X 0 0 0 MARIA PAGAN DIRECTOR 1.00 X 0 0 0 FRAN BEAULIEU DIRECTOR 1.00 X 0 0 0 JUAN PEDROSA DIRECTOR 1.00 X 0 0 0 JOHN LENIHAN DIRECTOR 1.00 X 0 0 0 ERIC MATTOS DIRECTOR 1.00 X 0 0 0 VICTOR RODRIGUEZ DIRECTOR 1.00 X 0 0 0 MICHAEL MORIARTY PRESIDENT 35.00 10.00 X 73888 10556 22626 73888 10556 22626 0 0 0 0 RIVERSIDE DEVELOPMENT CORPORATION 70 LYMAN STREET HOLYOKE MA 01040 PURCHASED SERVICES 667746 1 109800 103942 213742 RENTAL INCOME 531110 1970755 1970755 NEIGHBORHOOD IMPROVEME 531110 199871 199871 LOW-INCOME HOUSING MGT 531110 155445 155445 2326071 8327 8327 172000 166301 5699 5699 5699 INSURANCE PROCEEDS 900099 129825 129825 PEOPLESBANK SETTLEMENT 900099 21343 21343 CENSUS 900099 17050 17050 20410 20410 188628 2742467 2326071 0 202654 X 84570 84570 79970 7996 59978 11996 254083 254083 18219 14671 2957 591 84859 68295 13803 2761 28149 23539 4610 48265 48265 80253 80253 96753 92753 4000 39851 26700 13151 77909 65444 12465 18806 14104 4702 16903 16903 271483 268430 3053 RENTAL EXPENSE-PURCHASE 491112 491112 RENTAL EXPENSE-WATER & 263198 263198 RENTAL EXPENSE-MAINTENA 217514 217514 RENTAL EXPENSE-REAL EST 167997 167997 395044 381757 13287 2734938 2459066 128006 147866 320352 515745 435327 149307 114355 210307 390400 286143 67915 55082 10878135 8014237 2794556 2863898 23966 23966 357741 359446 4504612 4463894 258391 506746 192274 201191 633837 328318 1084502 1036255 X 2300499 2596043 1119611 831596 3420110 3427639 4504612 4463894 7529 0 X X 0 1 X 1 1 1 X 670726 288813 49411 7922 213742 1230614 1724092 2007562 2167600 2106745 2326071 10332070 7052 7052 2394818 2296375 2217011 2114667 2546865 11569736 0 86614 75273 268430 430317 86614 75273 268430 430317 11139419 33252 26623 26462 8099 8327 102763 33252 26623 26462 8099 8327 102763 41031 25000 17050 83081 5401 5401 2469101 2322998 2248874 2147766 2572242 11760981 0.94720 0.87130 0.00870 0.00930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 184561 184561 9884772 7445776 2438996 808802 568461 240341 2863898 PROJECT COSTS 166670 TENANT SECURITY DEPOSITS 192776 359446 X 2742467 0 2742467 0 2742467 2734938 0 2734938 0 2734938 PART IV, LINE 2B: THE ORGANIZATION HOLDS REFUNDABLE TENANT SECURITY DEPOSITS. PART X, LINE 2: A TAX POSITION IS DEEMED TO INCLUDE SUCH THINGS AS THE ORGANIZATION'S TAX EXEMPT STATUS, UNRELATED BUSINESS INCOME AND THE METHODOLOGIES FOR ALLOCATING EXPENSES TO UNRELATED BUSINESS INCOME STREAMS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2018. 1 THE ORGANIZATION MONITORS THE USE OF ITS GRANT ASSISTANCE BY CONDUCTING INSPECTIONS OF ALL OF THE PROPERTIES FOR WHICH IT DISBURSES GRANT FUNDS IN ORDER TO VERIFY THAT THE WORK WAS DONE ACCORDING TO THE CONTRACTS. GRANTS TO LOW INCOME HOMEOWNERS FOR HOME REPAIRS 12 84570 PART I, LINE 2: INCOME ELIGIBILITY INFORMATION IS OBTAINED FROM EACH APPLICANT TO DETERMINE AMOUNT OF GRANT AVAILABLE TO EACH APPLICANT. THE GRANTS ARE FOR HOME IMPROVEMENTS MADE UNDER THE NEIGHBORHOOD IMPROVEMENT PROGAM. THE ORGANIZATION INSPECTS THE HOME TO ESTIMATE THE AMOUNT OF THE GRANT BEFORE IT IS DISBURSED AND INSPECTS THE COMPLETED IMPROVEMENT TO VERIFY THAT THE WORK MET THE GRANT CONDITIONS. RIVERSIDE DEVELOPMENT INC 501(C)(4) ORGANIZATION MORE THAN 35% CONTROLLED BY THIS BOARD 502456 PURCHASED SERVICES FROM RIVERSIDE DEVELOPMENT INC 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE TREASURER AND PRESIDENT AND A COPY WILL BE PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 18 THESE FORMS ARE AVAILABLE AT THE ORGANIZATION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E RENTAL EXPENSE-INSURANCE: PROGRAM SERVICE EXPENSES 155,214. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,214. COMMUNITY ENGAGEMENT: PROGRAM SERVICE EXPENSES 81,367. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,367. RENTAL EXPENSE-UTILITIES: PROGRAM SERVICE EXPENSES 75,112. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,112. RENTAL EXPENSE -MISCELLANEOUS: PROGRAM SERVICE EXPENSES 27,558. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,558. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 15,517. MANAGEMENT AND GENERAL EXPENSES 7,635. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,152. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 10,065. MANAGEMENT AND GENERAL EXPENSES 2,516. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,581. TELEPHONE: PROGRAM SERVICE EXPENSES 9,299. MANAGEMENT AND GENERAL EXPENSES 2,788. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,087. RENTAL EXPENSE-LAUNDRY TOKENS: PROGRAM SERVICE EXPENSES 3,625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,625. RENTAL EXPENSE-CREDIT CHECKS: PROGRAM SERVICE EXPENSES 2,692. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,692. POSTAGE: PROGRAM SERVICE EXPENSES 1,308. MANAGEMENT AND GENERAL EXPENSES 348. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,656. FORM 990, PART XII, 2C THERE ARE NO CHANGES DURING THIS TAX YEAR. RIVERSIDE DEVELOPMENT INC 70 LYMAN STREET HOLYOKE MA 01040 237320953 ECONOMIC DEVELOPMENT MA 501(C)4 0 ELMS INC 70 LYMAN STREET HOLYOKE MA 01040 222475565 LOW-INCOME HOUSING MA 501(C)3 509(A)2 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 RIVERSIDE DEVELOPMENT- PURCHASED SERVICES M 502456 PER GENERAL LEDGER THE ELMS INC D 23919 PER GENERAL LEDGER RIVERSIDE DEVELOPMENT- MEDICAL & DISABILITY INSURANCE Q 60917 COST REIMBURSEMENT RIVERSIDE DEVELOPMENT - MANAGEMENT FEES L 120000 PER GENERAL LEDGER MANAGMENT FEES-THE ELMS L 35445 PERCENATAGE OF GROSS RENTS RIVERSIDE DEVELOPMENT D 153219 PER GENERAL LEDGER