2019-10-03T14:28:18-05:00 2018-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2018-01-01 042875899 CARITAS COMMUNITIES INC CARI 7818431242 25 BRAINTREE HILL OFFICE PRK NO 206 BRAINTREE MA 02184 MARK WINKELLER PRESIDENT 7818431242 2019-10-03 1 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2019-10-01 209.59.242.22 2019-10-03 10:54:37 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 238159564A7F207AC3E2D33505B4833284B8AC6F 2018 2019-02-21 02:37:17Z MARK WINKELLER 25 BRAINTREE HILL OFFICE PRK NO 206 BRAINTREE MA 02184 4278222 0 X WWW.CARITASCOMMUNITIES.ORG X 1985 MA HOMELESSNESS PREVENTION THROUGH HOUSING WITH SUPPORT FOR VERY LOW INCOME INDIVIDUALS IN BOSTON. 19 18 77 200 0 0 1301704 368837 4593854 3863666 11792 44490 -464935 1229 5442415 4278222 120775 0 0 0 2750712 2627240 0 0 456425 2703415 2341787 5574902 4969027 -132487 -690805 25876704 25000617 18938695 19473368 6938009 5527249 X AT CARITAS COMMUNITIES, WE PREVENT HOMELESSNESS BY PROVIDING VERY LOW INCOME INDIVIDUALS WITH PERMANENT HOUSING, SUPPORT, SENSE OF COMMUNITY, AND EXPANDED OPPORTUNITIES. FOR OVER 34 YEARS, CARITAS HAS HELPED FILL THE NEED FOR SAFE, SECURE HOUSING IN GREATER BOSTON. 0 0 3694301 3864895 IN 1985, P. LEO CORCORAN, A PARTNER IN THE REAL ESTATE FIRM JOHN M. CORCORAN & COMPANY, FOUNDED CARITAS COMMUNITIES, A NONPROFIT, NONSECTARIAN ORGANIZATION. CONCERNED ABOUT THE RISING NUMBER OF HOMELESS PEOPLE, INCLUDING WORKING PEOPLE UNABLE TO AFFORD DECENT HOUSING, MR. CORCORAN AND THE ORIGINAL BOARD OF DIRECTORS ADOPTED THE LODGING HOUSE MODEL AS AN EFFICIENT AND AFFORDABLE MEANS OF PROVIDING QUALITY ACCOMMODATIONS AT AN AFFORDABLE RENT. FROM THE BEGINNING, CARITAS HAS FOCUSED ITS EFFORTS ON PREVENTING HOMELESSNESS AND STABILIZING NEIGHBORHOODS BY PROVIDING AFFORDABLE HOUSING FOR PEOPLE WHO CAN'T MAKE A LIVING WAGE. CARITAS PURCHASED ITS FIRST PROPERTY IN 1985, AND NOW OWNS 33 BUILDINGS THROUGHOUT GREATER BOSTON COMMUNITIES WITH 919 UNITS.IN 2018, CARITAS MADE SIGNIFICANT STRIDES IN SERVING THE NEEDIEST CITIZENS OF GREATER BOSTON: - HOUSING: WE MAINTAIN AND MANAGE HOUSING FOR 875 ECONOMICALLY DISADVANTAGED INDIVIDUALS IN GREATER BOSTON. - SOUTH BOSTON PROJECTS: WE CONTINUED CONSTRUCTION ON 206 WEST BROADWAY, WHICH WILL BEGIN LEASING IN 2019, AND CLOSED ON THE O'CONNOR WAY PROJECT, WHICH WILL PROVIDE AFFORDABLE, SUPPORTIVE HOUSING TO 47 LOW INCOME SENIORS. - TENANCY PRESERVATION: WE ASSIST RESIDENTS IN ARREARAGE WITH REFERRAL TO BUDGET EDUCATION, RENTAL - ASSISTANCE PROGRAMS, AND SUPPORT WITH ACCOUNTABILITY. - RESIDENT SERVICES: WE HAVE 3 FULL TIME RESIDENT SERVICE COORDINATORS AND CONTRACT WITH SPECIALIZED VETERAN'S CASE MANAGEMENT PROVIDERS TO HELP OUR VETERAN POPULATION. - HOMELESSNESS PREVENTION PROGRAM: WE PROVIDE EMERGENCY RENTAL ASSISTANCE GRANTS TO RESIDENTS WHO EXPERIENCE A TEMPORARY FINANCIAL HARDSHIP. - WELCOME BASKET PROGRAM: WE PROVIDE HOME AND HYGIENE ESSENTIALS TO RESIDENTS AT MOVE IN TO PROVIDE DIGNITY IN THE TRANSITION TO HOUSING FROM HOMELESSNESS. - HEALTHY RESIDENTS PROGRAM: COMMUNITY MEALS, ART AND WRITING WORKSHOPS, EXERCISE AND WELLNESS PROGRAMS FOR RESIDENTS. 3694301 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 143 0 1 77 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 MA X X MARK WINKELLER 7818431242 25 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 BILL CHURCHILL BOARD VICE CHAIR 0.30 0.90 X X 0 0 0 DAVID GREENBLATT DIRECTOR 0.30 0.90 X 0 0 0 DIANE RUBIN CLERK 0.30 0.90 X X 0 0 0 ELIZABETH OSBORNE TREASURER/CFO 35.00 7.50 X X 79929 0 9805 GAVIN CORCORAN OUTGOING DIRECTOR 0.30 0.90 X 0 0 0 GINA MARTINEZ DIRECTOR 0.30 0.90 X 0 0 0 GORDON PULSIFER DIRECTOR 0.30 0.90 X 0 0 0 JAMES COUGHLIN BOARD CHAIR 0.30 0.90 X X 0 0 0 JIM HALLIDAY DIRECTOR 0.30 0.90 X 0 0 0 JOHN A BRENNAN III DIRECTOR 0.30 0.90 X 0 0 0 JON R RUDZINSKI OUTGOING DIRECTOR 0.30 0.90 X 0 0 0 KEVIN O' FLAHERTY DIRECTOR 0.30 0.90 X 0 0 0 MAURA E MURPHY BOARD CLERK 0.30 0.90 X X 0 0 0 MICHAEL D BINETTE DIRECTOR 0.30 0.90 X 0 0 0 OLIVIA GOUGH DIRECTOR 0.30 0.90 X 0 0 0 ROBERLYNE RUBY CHERFIL DIRECTOR 0.30 0.90 X 0 0 0 ROBERT MAULDEN DIRECTOR 0.30 0.90 X 0 0 0 ROSEMARY AUSTIN DIRECTOR 0.30 0.90 X 0 0 0 TIM CORCORAN DIRECTOR 0.30 0.90 X 0 0 0 TOM PALMER DIRECTOR 0.30 0.90 X 0 0 0 WILLIAM MCLAUGHLIN DIRECTOR 0.30 0.90 X 0 0 0 MARK WINKELLER PRESIDENT 35.00 7.50 X 199834 0 6211 KARIN CASSEL CHIEF DEVELOPMENT OFFICER 40.00 X 143835 0 13720 THOMAS NEE DIRECTOR OF PROPERTY MANAGEMENT 40.00 X 110399 0 27827 533997 0 57563 3 0 1 0 THRIFT BUILDERS 141 MEMORIAL PKWY RMB 120 RANDOLPH MA 02368 CONSTRUCTION SERVICES 284222 VETERANS NORTHEAST OUTREACH CENTER 65 CEDAR ST HAVERHILL MA 02830 VETERAN SUPPORT SERVICES 159248 DAVIS SQUARE ARCHITECTS 240A ELM ST SOMERVILLE MA 02114 ARCHITECTURAL SERVICES 147085 ADAMS & KOSS 2001 BEACON ST STE 214 BRIGHTON MA 02135 LEGAL SERVICES 136640 COHNREZNICK LLP ONE BOSTON PLACE STE 500 BOSTON MA 02108 ACCOUNTING SERVICES 131800 5 368837 368837 RENTAL INCOME 531190 2029064 2029064 ADMIN FEES 531190 760087 760087 DEVELOPMENT FEES 531190 550395 550395 MANAGEMENT FEE 531190 524120 524120 3863666 44490 44490 MISCELLANEOUS 900099 1229 1229 1229 4278222 3864895 0 44490 297935 193338 62918 41679 1880472 1220290 397119 263063 22761 14770 4807 3184 207776 134832 43878 29066 218296 141658 46100 30538 89672 65182 21212 3278 25441 18493 6018 930 40164 29195 9501 1468 8872 6449 2099 324 167734 121925 39674 6135 39591 28778 9365 1448 569757 414153 134766 20838 28922 21023 6842 1057 13681 13681 268477 268477 596818 596818 85240 61960 20164 3116 SOCIAL SERVICES 262723 262723 REPAIRS AND MAINTENANCE 93714 93714 DIRECT FUNDRAISING COST 50277 50277 LICENSE & FEES 659 478 157 24 45 45 4969027 3694301 818301 456425 3083606 2308479 1217626 101542 95917 1219452 1323464 281030 129578 21026691 8327821 13610845 12698870 583829 362377 6996400 6864306 25876704 25000617 1658744 2006005 65162 849767 16506847 16413559 707942 204037 18938695 19473368 X 6539494 5147004 398515 380245 6938009 5527249 25876704 25000617 X -690805 -719955 X X 0 1 X 1 0 X 621940 416936 431315 1301704 368837 3140732 621940 416936 431315 1301704 368837 3140732 638811 2501921 10536 11331 17447 11792 44490 95596 923365 990952 885587 127686 1229 2928819 6165147 23206875 0.40580 0.41600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2014 AMOUNT: $ 923,365. 2015 AMOUNT: $ 990,952. 2016 AMOUNT: $ 885,587. 2017 AMOUNT: $ 71,000. OTHER INCOME - 2017 AMOUNT: $ 56,686. 2018 AMOUNT: $ 1,229. 1576796 1576796 15122798 5922864 9199934 3841620 2037297 1804323 485477 367660 117817 12698870 FINANCING COSTS 42106 REPLACEMENT RESERVE 566287 DEVELOPMENT COSTS 342576 DUE FROM AFFILIATES 5690410 SECURITY DEPOSITS 221749 MORTGAGE ESCROW 1178 6864306 TENANT SECURITY DEPOSITS 63632 DUE TO AFFILIATES 127801 OTHER LIABILITIES 12604 204037 X PART X, LINE 2: THE CORPORATION HAS 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 DECEMBER 31, 2018. THE ORGANIZATION IS PUBLICLY SUPPORTED AND IS NOT A PRIVATE FOUNDATION. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. 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. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2015 REMAIN OPEN. X X X X 0 1 0 0 0 0 0 0 0 MARK WINKELLER PRESIDENT 190965 0 0 0 8869 0 6211 0 1219 0 207264 0 0 0 KARIN CASSEL CHIEF DEVELOPMENT OFFICER 143565 0 0 0 270 0 4315 0 9675 0 157825 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS MISSION STATEMENT TO BETTER REFLECT THE PURPOSE OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE CPA FIRM WHO PERFORMS AN AUDIT OF THE FINANCIAL STATEMENTS PREPARES THE FORM 990 WITH INPUT PROVIDED BY THE CARITAS CHIEF FINANCIAL OFFICER. THE COMPLETE FORM 990 IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND IS MADE AVAILABLE TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS FOR REVIEW. A COPY WILL BE FURNISHED TO EACH DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE SIGN OFF OF THE POTENTIAL CONFLICT OF INTEREST FORM IS GENERALLY MADE EACH YEAR BY EACH MEMBER OF THE CARITAS COMMUNITIES BOARD OF DIRECTORS AND SENIOR MANAGEMENT AND IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 15 AT THE DECEMBER MEETING EACH YEAR THE FULL BOARD OF DIRECTORS MEETS WITH THE AUDIT AND FINANCE COMMITTEE TO CONSIDER THE PLANNED COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE TREASURER/CHIEF FINANCIAL OFFICER WITH BOTH INDIVIDUALS ABSENT FROM THE MEETING. PRIOR THERETO THE CHAIRMAN OF THE FINANCE AND AUDIT COMMITTEE DISCUSSES SALARY INFORMATION OBTAINED FROM OUR INDEPENDENT AUDITING FIRM REGARDING SALARIES PAID TO EXECUTIVE DIRECTORS AND TREASURERS IN COMPARABLE ORGANIZATIONS. THE AUDIT AND FINANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD WHO DISCUSSES AND VOTES ON THE COMPENSATION OF THESE TWO INDIVIDUALS FOR THE COMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 EACH YEAR CARITAS COMMUNITIES INC. PREPARES A CONSOLIDATED ANNUAL REPORT WHICH INCLUDES BEDFORD VETERANS QUARTERS INC. AND SEAN BROOK HOUSE INC. APPROXIMATELY 2500 COPIES OF THIS ANNUAL REPORT ARE MAILED TO SUPPORTERS AND LENDERS OF CARITAS COMMUNITIES INC. AND SUBSIDIARIES. THIS REPORT INCLUDES THE NAMES OF THE MEMBERS OF THE BOARD OF DIRECTORS, NAMES OF OFFICE AND SITE PERSONNEL, ANNUAL INCOME AND EXPENSE SUMMARY, STATUS OF PROJECTS, AND LISTING OF THE ROOMING HOUSES AND LENDING ORGANIZATIONS. IN ADDITION, EACH YEAR THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF CARITAS COMMUNITIES INC. AND SUBSIDIARIES ARE EXAMINED BY A CPA FIRM AND ARE DISTRIBUTED TO OVER 20 LENDING INSTITUTIONS. OTHER GOVERNANCE DOCUMENTS AND CONFLICT OF INTEREST REPORTING FORMS ARE GENERALLY CONSIDERED TO BE INTERNAL DOCUMENTS AND ARE NOT USUALLY DISTRIBUTED TO THE GENERAL PUBLIC BUT MAY BE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR DISREGARDED ENTITIES -719,955. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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