2019-11-07T09:26:30-06:00 2018-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2018-01-01 331178098 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC WOME 6173670520 15 COURT SQUARE NO 210 BOSTON MA 02108 LONI WILLEY CHIEF OPERATING OFFICER 6173670520 2019-11-06 1 SANDRA M BROWN CPA P01614103 5088717178 2019-11-06 71.248.188.134 2019-11-06 15:36:37 ES P 7338CE15E43FFA4D1961D505A5DD644A04F138EE 69E9977AC052CEB93F1ED3E2D4B07C277CAC5DE2 2018 2020-03-31 21:24:44Z LONI WILLEY 15 COURT SQUARE NO 210 BOSTON MA 02108 1409759 0 X WWW.WIHED.ORG X 2007 CT THE MISSION OF WOMEN'S INSTITUTE REALTY OF CONNECTICUT IS TO PROMOTE ECONOMIC RESILIENCE AND STABLE HOMES BY DEVELOPING AND PRESERVING HIGH QUALITY AFFORDABLE AND SUPPORTIVE HOUSING, WITH AN EMPHASIS ON UNDER-SERVED POPULATIONS. 7 7 0 9 0 0 3152756 625972 779718 773351 2785 9114 3500 1322 3938759 1409759 621246 875196 0 0 0 0 0 0 0 1468517 1494721 2089763 2369917 1848996 -960158 22916842 23353673 16596454 18082593 6320388 5271080 THE MISSION OF WOMEN'S INSTITUTE REALTY OF CONNECTICUT IS TO PROMOTE ECONOMIC RESILIENCE AND STABLE HOMES BY DEVELOPING AND PRESERVING HIGH QUALITY AFFORDABLE AND SUPPORTIVE HOUSING, WITH AN EMPHASIS ON UNDER-SERVED POPULATIONS. 0 0 912394 875196 0 WOMEN'S INSTITUTE REALTY OF CONNECTICUT, INC. DEVELOPS REAL ESTATE TO BE USED FOR AFFORDABLE AND LOW-INCOME HOUSING IN CONNECTICUT. WIR-CT ALSO RECEIVES A GOVERNMENT SUBSIDY FOR RENTAL ASSISTANCE AND CONGREGATE SERVICES WHICH IS RE-GRANTED TO PARK CITY LIMITED PARTNERSHIP'S THE ELEANOR 1398598 0 715403 THE FRANKLIN IS OPERATED UNDER PARK CITY SUPPORTIVE HOUSING LLC, FOR WHICH WIR-CT IS THE SOLE MEMBER. THE FRANKLIN OFFERS AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO 48 LOW-INCOME INDIVIDUALS, INCLUDING A PRIORITY FOR HOMELESS VETERANS. 58836 0 59270 LAKEVIEW APARTMENTS IS OPERATED UNDER LAKEVIEW APARTMENTS, LLC FOR WHICH WIR-CT IS THE SOLE MEMBER. LAKEVIEW APARTMENTS OFFERS AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, WITH A PRIORITIZATION OF WORKFORCE HOUSING. 2369828 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 CT X X LONI WILLEY 6173670520 15 COURT SQUARE SUITE 210 BOSTON MA 02108 CHRISTINE TRACZYK PRESIDENT 1.00 2.00 X X 0 0 0 MELISSA J SHEELER TREASURER 1.00 2.00 X X 0 0 0 TRACY MCDERMOTT CLERK 1.00 2.00 X X 0 0 0 KAREN EDLUND BOARD MEMBER 1.00 2.00 X 0 0 0 JOHN GIBBONS BOARD MEMBER 1.00 2.00 X 0 0 0 AMANDA PELCHER BOARD MEMBER 1.00 2.00 X 0 0 0 PATRICIA SPRING BOARD MEMBER 1.00 2.00 X 0 0 0 LONI WILLEY CHIEF OPERATING OFFICER 3.00 40.50 X 0 151697 9786 ELIZABETH CRUM FORMER EXECUTIVE DIRECTOR 3.00 40.50 X 0 43052 3237 ELIZABETH TORRES EXECUTIVE DIRECTOR 3.00 40.50 X 0 8381 832 0 203130 13855 0 0 1 0 DEMARCO MANAGEMENT CORPORATION 117 MURPHY ROAD HARTFORD CT 06114 PROPERTY MANAGEMENT 190793 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 303843412 SECURITY SERVICE 129135 2 625972 625972 PROGRAM RENT 531110 773351 773351 773351 9114 9114 LAUNDRY INCOME 900099 1322 1322 1322 1409759 774673 0 9114 875196 875196 150146 150146 950 950 15730 15730 26108 26108 851147 851147 376466 376466 36887 36887 REAL ESTATE DEVELOPMENT 37198 37198 MISCELLANEOUS OTHER COS 89 89 2369917 2369828 89 0 72207 67246 386754 369961 530157 530157 23927 15509 14230163 3191839 11408355 11038324 8422694 8343544 2072748 2988932 22916842 23353673 573632 537711 15686375 17209024 336447 335858 16596454 18082593 X 5722808 4673500 597580 597580 6320388 5271080 22916842 23353673 X -960158 -89150 X 0 1 X 1 0 X 510000 2225254 3152756 625972 6513982 510000 2225254 3152756 625972 6513982 368982 6145000 487 1525 2617 2785 9114 16528 3180 8252 4129 3500 1322 20383 6550893 3861200 0.93800 0.93820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY INCOME - 2014 AMOUNT: $ 3,180. 2015 AMOUNT: $ 7,027. 2016 AMOUNT: $ 4,129. 2017 AMOUNT: $ 3,500. 2018 AMOUNT: $ 1,322. MISCELLANEOUS INCOME - 2015 AMOUNT: $ 1,225. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76541 76541 14153622 3191839 10961783 11038324 INVESTMENT IN PARK CITY HOUSING CORPORATION 679693 C INVESTMENT IN VICTORY GARDENS HOUSING LLC 4599558 C INVESTMENT IN FERRY CROSSING, LLC -205696 C INVESTMENT IN ESSEX PLACE CENTERBROOK LLC 642685 C INVESTMENT IN MILL AT KILLINGLY MM LLC 2617304 C INVESTMENT IN NECK ROAD LLC 10000 C 8343544 FUNDS HELD IN RESERVE 569501 DUE FROM AFFILIATES 1135173 CONSTRUCTION/DEVELOPMENT IN PROGRESS 1269494 TENANT SECURITY DEPOSIT ACCOUNTS 14764 2988932 SECURITY DEPOSITS PAYABLE 12449 DUE TO FERRY CROSSING, LLC 3455 DUE TO PARK CITY LP 305656 DUE TO WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOMENT, INC. 14298 335858 X PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION IS THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. 1 PARK CITY LIMITED PARTNERSHIP 15 COURT SQUARE SUITE 210 BOSTON MA 02108 261497266 N/A 625972 N/A N/A LOW-INCOME HOUSING WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC 15 COURT SQUARE SUITE 210 BOSTON MA 02108 042733078 501(C)(3) 249224 N/A N/A AFFORDABLE HOUSING INITIATIVES 1 1 PART I, LINE 2: WIR-CT RECEIVES HOUSING AND CONGREGATE MEALS SUBSIDIES FROM THE STATE OF CT DEPARTMENT OF HOUSING WHICH ARE PASSED THROUGH TO THE PARK CITY LIMITED PARTNERSHIP FOR ITS DIRECT ASSISTANCE. WIR-CT GRANTED FUNDS TO ITS SISTER ORGANIZATION, WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT, INC. TO PROVIDE FUNDING FOR AFFORDABLE HOUSING REAL ESTATE PROJECTS. X X 0 0 0 0 0 0 0 0 0 LONI WILLEY CHIEF OPERATING OFFICER 0 151697 0 0 0 0 0 1500 0 8286 0 161483 0 0 FORM 990, PART VI, SECTION A, LINE 3 WIR-CT, THROUGH ITS SUBSIDIARIES PARK CITY SUPPORTIVE HOUSING LLC AND LAKEVIEW HOUSING LLC, OUTSOURCES MANAGEMENT OF DAY-TO-DAY PROPERTY OPERATIONS TO INDEPENDENT PROPERTY MANAGEMENT COMPANIES THROUGH CONTRACTUAL AGREEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS AUTHORIZED THE FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990. A DRAFT FORM WAS MADE AVAILABLE TO ANY BOARD MEMBER WHO WISHED TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL SUBMISSION OF A WRITTEN CONFLICT-OF-INTEREST QUESTIONNAIRE BY ALL OFFICERS, DIRECTORS, AND EMPLOYEES. THE QUESTIONNAIRE REQUESTS DISCLOSURE OF ANY POSSIBLE PROFESSIONAL OR PERSONAL CONFLICTS OF THE OFFICER, DIRECTOR, OR EMPLOYEE, OR THEIR IMMEDIATE FAMILY MEMBERS, IN REGARD TO TRANSACTIONS AND RELATIONSHIPS WITH THE ORGANIZATION, ITS AFFILIATES, ITS VENDORS, ITS FUNDERS AND LENDERS, AND/OR ANY OTHER SIGNIFICANT RELATIONSHIP HELD BY THE ORGANIZATION. ADDITIONALLY, ANY POTENTIAL CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR ARE DISCLOSED AT REGULAR BOARD MEETINGS, AND ASSESSED BY MANAGEMENT. IF A CONFLICT IS EVIDENT OR POTENTIALLY EVIDENT, THE FOLLOWING PROCESSES OCCUR: (1) IF AN OFFICER OR DIRECTOR, THE MEMBER IS RECUSED FROM ALL DISCUSSION AND VOTING AUTHORITY IN WHICH THE CONFLICT EXISTS, AND (2) IF AN EMPLOYEE, ANY NEGOTIATION AND COMPENSATION BETWEEN THE ORGANIZATION AND THE PARTY-OF-INTEREST IS ASSIGNED TO A NON-INTERESTED SENIOR EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A & B: ORGANIZATION DID NOT PAY ANY COMPENSATION TO EXECUTIVE DIRECTOR OR OFFICERS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PASS THROUGH LOSS: VICTORY GARDENS HOUSING, LLC -73. PASS THROUGH LOSS: FERRY CROSSING, LLC -28,640. PASS THROUGH LOSS: PARK CITY LIMITED PARTNERSHIP -37. PASS THROUGH LOSS: ESSEX CENTERBROOK LLC -60,400. IRC SECTION 266 ANNUAL ELECTION: FOR THE TAX YEAR 2018, TAXPAYER HEREBY ELECTS UNDER CODE SECTION 266 AND IRS REGULATIONS 1.266-1 TO CAPITALIZE, RATHER THAN DEDUCT, PROPERTY TAXES, MORTGAGE INTEREST, INSURANCE EXPENSES, AND OTHER MISCELLANEOUS CARRYING COSTS ON THE PROPERTIES LOCATED AT NECKROAD, OLD LYME CT, 193-201 MAIN ST, NORWICH CT AND THOMPSON SCHOOL IN WEST HAVEN CT. PARK CITY SUPPORTIVE HOUSING LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 263200703 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT -681683 11121452 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC LAKEVIEW APARTMENTS LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 455152726 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT -1704 638921 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC VICTORY GARDENS MM LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 464602452 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT -77 4599558 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC MILL AT KILLINGLY MM LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 812949790 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT 0 2617304 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC 15 COURT SQUARE SUITE 210 BOSTON MA 02108 042733078 HOUSING AND ECONOMIC DEVELOPMENT IN MA AND CT MA 501(C)(3) 509(A)(1) NONE 0 WOMEN'S INSTITUTE REALTY INC C/O WIHED 15 COURT SQUARE SUITE 210 BOSTON MA 02108 043220484 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN MASSACHUSETTS MA 501(C)(3) 509(A)(1) NONE-COMMONLY CONTROLLED BY OFFICERS OF WIHED 0 FERRY CROSSING LLC 15 COURT SQUARE BOSTON MA 02108 272682871 DEVELOPMENT AND OPERATION OF LOW INCOME HOUSING IN CT CT WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC RENTAL/RELATED -28640 1801091 0 1 0.51000 ESSEX PLACE CENTERBROOK LLC 15 COURT SQUARE BOSTON MA 02108 473245404 DEVELOPMENT AND OPERATION OF LOW INCOME HOUSING IN CT CT WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC RENTAL/RELATED -60400 3058310 0 1 0.51000 NECKROAD LLC 15 COURT SQUARE BOSTON MA 02108 824893873 DEVELOPMENT AND OPERATION OF LOW INCOME HOUSING IN CT CT WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC RENTAL/RELATED 214123 0 1 0.60000 PARK CITY HOUSING CORPORATION C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 261497156 OPERATION OF LOW-INCOME HOUSING CT WIR-CT C -37 679693 1.00000 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC E 64998699 DEBT GUARANTEES ALL LISTED AFFILIATES D 44699058 DEBT GUARANTEES WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC B 249224 CASH TRANSFERRED