2021-11-15T09:22:06-06:00 2020-12-31 221478099 COHNREZNICK LLP 10 FORBES ROAD BRAINTREE MA 02184 990 2020-01-01 042944144 HOUSING CORPORATION OF ARLINGTON HOUS 7818595294 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 JONATHAN WALLACH TREASURER 7818595294 2021-11-15 1 JONATHAN WALLACH 999009999 JOLANTA TUCK CPA P01340068 7813803520 2021-11-15 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z THOMAS NEE 252 MASSACHUSETTS AVENUE ARLINGTON MA 02474 3015654 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 69 0 0 515791 1319941 949144 1228666 4864 456272 236140 10775 1705939 3015654 14769 106722 0 0 411919 384934 0 0 23851 1118011 1747366 1544699 2239022 161240 776632 20378038 31940456 20939098 31724884 -561060 215572 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 1546285 1239441 THE AFFORDABLE HOUSING PROGRAM PROVIDED APARTMENTS AT RENTAL LEVELSBELOW MARKET RATES. THE PROGRAM WAS PROVIDED THROUGH 61 RENTAL UNITSOWNED BY HCA. THIS PROGRAM INCLUDES BOTH DIRECT RENTAL PROPERTY COSTSIN ADDITION TO STAFF TIME AND BACK OFFICE COSTS OF HOUSING CORPORATIONOF ARLINGTON THAT WERE ATTRIBUTABLE TO THE OVERALL AFFORDABLE HOUSINGPROGRAM. 106722 106722 IN 2020, THE HOMELESS PREVENTION PROGRAM PROVIDED GRANTS TOHOUSEHOLDS ON THE VERGE OF BECOMING HOMELESS. THEMAJORITY OF THESE GRANTS WERE USED FOR MOVING EXPENSES, RENT, ANDSECURITY DEPOSITS. THE PROGRAM ALSO ASSISTS INDIVIDUALS IN FINDINGAFFORDABLE UNITS IN ARLINGTON, ESPECIALLY ADVOCATING FOR TENANTS WITHTHE ARLINGTON HOUSING AUTHORITY. 1653007 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 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 21 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 X LINDA PUOPOLO 7818595294 252 MASSACHUSETTS AVE ARLINGTON MA 02474 THOMAS NEE PRESIDENT 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 X X 0 0 0 JANET BLODGETT DIRECTOR 2.00 X 0 0 0 JOHN COOPER DIRECTOR 2.00 X 0 0 0 MARESHIA DONALD DIRECTOR 2.00 X 0 0 0 JILLIAN FLYNN DIRECTOR 2.00 X 0 0 0 ABHIDNYA KURVE DIRECTOR 2.00 X 0 0 0 NEAL MONGOLD DIRECTOR 2.00 1.00 X 0 0 0 MARY-ANNE MORRISON DIRECTOR 2.00 X 0 0 0 MATTHEW PIERCE DIRECTOR 2.00 X 0 0 0 FRANCIS TADLEY DIRECTOR 2.00 X 0 0 0 MANUEL BOLIVAR DIRECTOR 2.00 X 0 0 0 PAMELA HALLETT EXECUTIVE DIRECTOR 40.00 1.00 X 123082 0 14318 123082 0 14318 1 0 0 0 DELPHI CONSTRUCTION 255 BEAR HILL ROAD WALTHAM MA 02451 GENERAL CONTRACTOR 5717361 PRINCIPAL BUILDERSLLC 1 WESTINGHOUSE PLAZA BOSTON MA 02136 GENERAL CONTRACTOR 1022038 NRC EAST ENVIRONMENTAL SERVICES PO BOX 155 HUDSON MA 01749 ENVIRONMENTAL CONSULTING 720916 DAVIS SQUARE ARCHITECTS 240 ELM STREET SOMERVILLE MA 02144 ARCHITECTURE 468889 GEI CONSULTANTS 400 UNICORN PARK DRIVE WOBURN MA 01801 REPAIRS AND MAINTENANCE 340037 6 795742 524199 1319941 DEVELOPER FEES 531390 701704 701704 RENTAL INCOME 531120 507224 507224 MANAGEMENT FEES 531390 19738 19738 1228666 1272 1272 455000 0 455000 455000 455000 MISCELLANEOUS INCOME 531110 10775 10775 10775 3015654 1239441 0 456272 106722 106722 137400 123891 6325 7184 202173 184003 7672 10498 26787 22210 3094 1483 18574 15587 1393 1594 50630 50630 3400 3400 75234 15333 59901 38905 885 38020 170 170 63993 45011 15915 3067 533180 527166 6014 693 500 168 25 568164 557499 10665 BAD DEBT 412997 412997 2239022 1653007 562164 23851 329096 688976 114772 118724 14844 85546 537850 29366 36507 36023889 5697062 19766479 30326827 123481 146026 20378038 31940456 1086703 1920860 53272 58198 19799123 29745826 20939098 31724884 X -561060 215572 -561060 215572 20378038 31940456 776632 0 X 0 1 X 1 1 1 X 643588 395393 547258 515791 1319941 3421971 643588 395393 547258 515791 1319941 3421971 37878 3384093 877 2067 3891 4864 1272 12971 92175 84980 92135 238055 10775 518120 3953062 4867286 0.85610 0.78920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 92,175. 2017 AMOUNT: $ 84,980. 2018 AMOUNT: $ 92,135. 2019 AMOUNT: $ 238,055. 2020 AMOUNT: $ 10,775. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2348615 2348615 33424898 5639577 27785321 137851 39055 98796 112525 18430 94095 30326827 PART IV, LINE 2B: HCA MAINTAINS TENANT SECURITY DEPOSITS IN A CUSTODIAL CAPACITY IN ACCORDANCE WTIH TENANT RENTAL AGREEMENTS. 1 HOMELESS PREVENTION PROGRAM 35 106722 0 N/A PART I, LINE 2: THE HOMELESSNESS PREVENTION PROGRAM WAS CREATED TO PROVIDE EMERGENCY FINANCIAL SUPPORT TO ARLINGTON RESIDENTS FACING EVICTION DUE TO AN UNEXPECTED CRISIS. THE PROGRAM PROVIDES GRANTS TO ASSIST WITH BACK RENT, AN UNEXPECTED CRISIS OR SECURITY DEPOSITS. GRANTS ARE CAPPED AT $1,500 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 MEMBERS CHOSEN FROM THE TOWN OF ARLINGTON COUNCIL ON AGING, A COMMUNITY APPOINTEE AND BOARD MEMBER REVIEW ALL APPLICANTS AND MAKE A RECOMMENDATION FOR GRANTS. MANAGEMENT OF HCA MAKES THE FINAL FUNDING DECISIONS. FORM 990, PART VI, SECTION A, LINE 3 THE AGENCY HAS AN AGREEMENT WITH MALONEY PROPERTIES, INC. (MALONEY), AN UNRELATED ENTITY TO CARRY ON THE DAY-TO-DAY OPERATIONS OF THE PROJECTS. MALONEY 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 $50,630 FOR 2020. FORM 990, PART VI, SECTION B, LINE 11B HCA'S EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990. ONCE APPROVED BY THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE 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 REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING THE BOARD MEMBERS SIGN THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE COMPARABLE TO SIMILAR ORGANIZATIONS AND REASONABLE FOR THE DUTIES BEING PERFORMED. THE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS. APPROXIMATELY NINETY (90) DAYS AFTER A TOP MANAGEMENT OFFICIAL BEGINS EMPLOYMENT WITH HCA, THE EXECUTIVE COMMITTEE WILL COMPLETE A PERFORMANCE EVALUATION. THEREAFTER, A PERFORMANCE EVALUATION IS GENERALLY HELD ANNUALLY IN THE TOP MANAGEMENT OFFICIAL'S ANNIVERSARY MONTH. IF A SALARY ACTION IS APPROPRIATE BASED UPON THE PERFORMANCE EVALUATION, IT WILL GENERALLY OCCUR AT THE SAME TIME THE ANNUAL PERFORMANCE EVALUATION IS COMPLETED. APPROXIMATELY NINETY (90) DAYS AFTER AN EMPLOYEE BEGINS EMPLOYMENT WITH HCA, THE IMMEDIATE SUPERVISOR WILL COMPLETE A PERFORMANCE EVALUATION IN CONSULTATION WITH THE EXECUTIVE DIRECTOR. THEREAFTER, A PERFORMANCE EVALUATION IS GENERALLY HELD ANNUALLY IN THE EMPLOYEE'S ANNIVERSARY MONTH. IF A SALARY ACTION IS APPROPRIATE BASED UPON THE EMPLOYEE'S PERFORMANCE EVALUATION, IT WILL GENERALLY OCCUR AT THE SAME TIME OF THE EMPLOYEE'S ANNUAL PERFORMANCE EVALUATION IS COMPLETED. 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. 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