2019-05-15T14:15:50-05:00 2018-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2017-07-01 237168031 ONEHOLYOKE COMMUNITY DEVELOPMENT CORP OLDE 4135337101 70 LYMAN STREET HOLYOKE MA 01040 CHRISPHER RIFFENBURG CFO 4135337101 2019-05-15 1 HOWARD L CHENEY P00381206 4135368510 2019-05-14 70.91.134.109 2019-05-15 13:12:35 ED P C6CC35AC4E2432ADF5195BD09D378E083022FF6C 5F4CBDCC106A8A3009941DE7CA21FA9945174D58 2017 2019-02-21 02:37:17Z ONEHOLYOKE CDC MICHAEL MORIARTY 70 LYMAN STREET HOLYOKE MA 01040 2337981 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. 7 7 13 15 0 0 670726 288813 1964310 2000868 -234612 14211 68677 31337 2469101 2335229 515981 416582 0 0 572909 634852 0 0 0 1728179 1800770 2817069 2852204 -347968 -516975 5322581 4835035 717295 792878 4605286 4042157 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 1535550 1965586 PROVIDED 247 RENTAL UNITS FOR RENT FOR LOW TO MODERATE INCOME INDIVIDUALS. APROXIMATELY 72 TENANTS RECEIVE SUBSIDIZED RENTAL ASSISTANCE FROM VARIOUS AGENCIES. 279152 279070 NIP GRANT PROGRAM - TO ASSIST HOMEOWNERS WITH HOME IMPROVEMENT PROJECTS TO IMPROVE THE OVERALL QUALITY OF LIFE IN THE CITY OF HOLYOKE. HOMEOWNERS PAID $57,798 OF THEIR OWN FUNDS TOWARD QUALIFIED HOME IMPROVEMENTS. GRANT FUNDS OF $279,070 WERE EXPENDED ON QUALIFIED HOME IMPROVEMENTS IN ADDITION TO THE HOMEOWNER CONTRIBUTIONS. THIS PROGRAM RESULTED IN 336,868 IN HOME REPAIRS TO 33 HOMEOWNERS IN HOLYOKE, MA. 808448 137512 41976 HOME INVESTMENT PARTNERSHIP PROGRAM IS TO REHAB VACANT BUILDINGS INTO APARTMENTS FOR SALE OR RENT. 2623150 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 1 0 0 0 1 0 0 0 0 0 1 0 1 0 1 41 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 1 1 MA X ANNA MARIE TEMKIN 4135337101 70 LYMAN STREET HOLYOKE MA 01040 WALTER NALESNIK CHAIRMAN 1.00 X X 0 0 0 MAURICE N LACASSE DIRECTOR 1.00 X 0 0 0 DUANE CAMP TREASURER EFFECTIVE 12/1/2017 1.00 X X 0 0 0 ARMANDO SANTIAGO DIRECTOR & CLERK 1.00 X X 0 0 0 MARIA PAGAN DIRECTOR 1.00 X 0 0 0 LIBBY HERNANDEZ 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 ANNA MARIE TEMKIN TREASURER TILL 12/1/2017 35.00 10.00 X 59386 11576 7298 MICHAEL MORIARTY PRESIDENT 35.00 10.00 X 68167 13934 20180 CHRISTOPHER RIFFENBURG CFO 35.00 10.00 X 31461 0 3888 159014 25510 31366 0 0 0 0 RIVERSIDE DEVELOPMENT CORPORATION 70 LYMAN STREET HOLYOKE MA 01040 PURCHASED SERVICES 414580 1 264313 24500 288813 RENTAL INCOME 531110 1965586 1965586 LOW-INCOME HOUSING MGT 531110 35238 35238 INSPECTION FEES 531110 44 44 2000868 13163 13163 3800 2752 1048 1048 1048 PARTNERSHIP DISTRIBUTI 900099 13460 13460 GTI MA COMMUNITY FUNDS 900099 7500 7500 AUTO 531110 5646 5646 4731 4731 31337 2335229 2007562 0 38854 416582 416582 158400 80921 77479 306347 306347 21806 15407 6399 108985 93957 15028 39314 25554 13760 17458 17458 28600 28600 30013 3783 26230 595 595 27901 18694 9207 8294 5557 2737 81289 68283 13006 10330 7747 2583 5028 2514 2514 1148 1148 337369 330243 7126 10324 8156 2168 RENTAL EXPENSE-PURCHASE 298064 298064 RENTAL EXPENSE-MAINTENA 281353 281353 RENTAL EXPENSE-WATER & 225494 225494 RENTAL EXPENSE-REAL EST 156614 156614 280896 276137 4759 2852204 2623150 229054 0 509510 344695 688649 275368 324861 42237 341347 435949 45595 59232 10568180 7501074 2508912 3067106 23966 23966 879741 586482 5322581 4835035 128002 159465 191126 217670 289147 398167 126596 717295 792878 X 2733278 2510799 253990 126062 1618018 1405296 4605286 4042157 5322581 4835035 X -516975 -46154 X X 0 1 X 1 1 1 X 344812 222858 435039 670726 288813 1962248 344812 222858 435039 670726 288813 1962248 1962248 30947 29102 25589 33252 26623 145513 90 96 574191 41031 0 615408 2723169 9182564 0.72060 0.70720 X 0 1 X 314045 314045 9570203 7078430 2491773 683932 422644 261288 3067106 PROJECT COSTS 368812 TENANT SECURITY DEPOSITS 217670 586482 X 2323514 30438 -42153 -11715 2335229 0 2335229 2886643 30438 4001 34439 2852204 0 2852204 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, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR LOSS -46,154. CONTRA REVENUE AND EXPENSES 4,001. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONTRA REVENUE AND EXPENSES 4,001. 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 33 279070 GRANTS UNDER THE RNIP PROGRAM FOR SUBSTANTIAL REHAB OF DISTRESSED PROPERTIES UNDER THE GUIDELINES OF THE CITY OF HOLYOKE AND THE OFFICE OF COMMUNITY DEVELOPMENT 4 137512 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. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR MORTGAGE ON RENTAL REAL ESTATE X 350000 289147 0 1 1 289147 RIVERSIDE DEVELOPMENT INC 501(C)(4) ORGANIZATION MORE THAN 35% CONTROLLED BY THIS BOARD 298064 PURCHASED SERVICES FROM RIVERSIDE DEVELOPMENT INC 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 53517 CONSTRUCTION CONTRACTS 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 XI, LINE 9: PROVISION FOR LOSS -46,154. 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 1 0 0 1 0 0 1 1 0 0 RIVERSIDE DEVELOPMENT- PURCHASED SERVICES M 298064 PER GENERAL LEDGER THE ELMS INC D 8632 PER GENERAL LEDGER RIVERSIDE DEVELOPMENT- MEDICAL & DISABILITY INSURANCE Q 101222 COST REIMBURSEMENT RIVERSIDE DEVELOPMENT- AUTO LEASE J 5646 PER GENERAL LEDGER MANAGMENT FEES-THE ELMS L 35238 PERCENATAGE OF GROSS RENTS RIVERSIDE DEVELOPMENT D 14032 PER GENERAL LEDGER