2025-11-17T13:06:03-06:00 2023-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2022-07-01 237168031 ONEHOLYOKE COMMUNITY DEVELOPMENT CORP OLDE 4135337101 70 LYMAN STREET HOLYOKE MA 01040 MICHAEL MORIARTY PRESIDENT 4135337101 2025-11-17 1 0 HOWARD L CHENEY P00381206 4135368510 2025-10-21 2022 2025-03-06 01:10:19Z ONEHOLYOKE CDC MICHAEL MORIARTY 70 LYMAN STREET HOLYOKE MA 01040 3057883 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. 9 9 24 208 0 0 206288 435273 2721194 2385541 13252 70231 34144 34918 2974878 2925963 283288 185406 0 0 833948 1152201 0 0 16661 1837745 2062349 2954981 3399956 19897 -473993 4721228 4127890 937838 818493 3783390 3309397 X 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 1874968 2385541 PROVIDED 213 RENTAL UNITS FOR RENT FOR LOW TO MODERATE INCOME INDIVIDUALS. APPROXIMATELY 80 TENANTS RECEIVE SUBSIDIZED RENTAL ASSISTANCE FROM VARIOUS AGENCIES. 188402 178156 NIP GRANT PROGRAM - TO ASSIST HOMEOWNERS WITH HOME IMPROVEMENT PROJECTS TO IMPROVE THE OVERALL QUALITY OF LIFE IN THE CITY OF HOLYOKE. GRANT FUNDS OF $178,156 WERE EXPENDED ON QUALIFIED HOME IMPROVEMENTS. THIS PROGRAM RESULTED IN HOME REPAIRS TO 17 HOMEOWNERS IN HOLYOKE, MA. 7353 7250 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. 48114 307 COMMUNITY ENGAGEMENT - FURTHERING THE SPIRIT OF HOLYOKE BY ENGAGING OHDC WITH THE LOCAL COMMUNITY THROUGH SPECIAL EVENTS AND PROGRAMS, SUPPORTING COMMUNITY NEEDS. 48114 307 2118837 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 0 0 0 0 0 0 1 0 0 0 1 34 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 MA X MIKE MORIARTY 4135337101 70 LYMAN STREET HOLYOKE MA 01040 WALTER NALESNIK CO-CHAIR 1.00 X X 0 0 0 ARMANDO SANTIAGO CO-CHAIR/DIR. BEG 1/1/23 1.00 X X 0 0 0 DUANE CAMP TREASURER - END 12/31/22 1.00 X X 0 0 0 VICTOR RODRIGUEZ SR CLERK/CO-CHAIR 1/1/23 1.00 X X 0 0 0 MARIA PAGAN DIR./CLERK - BEG 1/1/23 1.00 X X 0 0 0 IVIE CORDERO DIR,/TREASURER - BEG 1/1/23 1.00 X X 0 0 0 LINDA PRATT 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 DEBORAH WALKER DIRECTOR 1.00 X 0 0 0 MICHAEL MORIARTY EXECUTIVE DIRECTOR 37.00 10.00 X 82545 5278 21051 82545 5278 21051 0 0 0 0 0 435273 435273 RENTAL INCOME 531110 2159959 2159959 LOW-INCOME HOUSING MGT 531110 225582 225582 2385541 5151 5151 197000 131920 65080 65080 65080 PARTNERSHIP DISTRIBUTI 900099 16450 16450 EXPENSE REIMBURSEMENTS 900099 9295 9295 LAUNDRY TOKENS 900099 7717 7717 1456 307 1149 34918 2925963 2385848 0 104842 185406 185406 111072 16661 77750 16661 783744 236539 547205 47541 2621 44920 134412 82874 51538 75432 1568 73864 61629 35252 26377 72928 72928 119885 118105 1780 3764 3514 250 70790 13875 56915 38999 8126 30873 946255 908483 37772 36965 3593 33372 6078 701 5377 14921 12919 2002 280563 269992 10571 331821 160168 171653 COMMUNITY ENGAGEMENT 48114 48114 DUES AND SUBSCRIPTIONS 12882 698 12184 LICENSES & FEES 11393 4466 6927 LAUNDRY TOKENS 4250 4250 1112 912 200 3399956 2118837 1264458 16661 432237 262682 591572 260657 34352 154055 159736 124218 84732 14577 11207268 8589795 2955768 2617473 23966 23966 438865 670262 4721228 4127890 439337 269651 208301 214767 290200 334075 937838 818493 X 2968513 2592883 814877 716514 3783390 3309397 4721228 4127890 -473993 0 X X 0 1 X 1 1 1 X 49411 7922 213742 206288 435273 912636 2167600 2106745 2326071 2721194 2385541 11707151 7052 8341 7919 23312 2217011 2114667 2546865 2935823 2828733 12643099 0 86614 75273 268430 45206 197079 672602 86614 75273 268430 45206 197079 672602 11970497 26462 8099 8327 8780 5151 56819 26462 8099 8327 8780 5151 56819 25000 17050 17560 16450 76060 5401 5401 2248874 2147766 2572242 2962163 2850334 12781379 0.93660 0.94950 0.00440 0.00640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 458850 458850 10279944 8121321 2158623 468474 468474 0 2617473 PROJECT COSTS 457968 TENANT SECURITY DEPOSITS 212294 670262 X 2934888 8925 8925 2925963 0 2925963 3408881 8925 8925 3399956 0 3399956 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, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: ELIMINATION OF INTERFUND INTEREST 8,925. PART XII, LINE 2D - OTHER ADJUSTMENTS: ELIMINATION OF INTERFUND INTEREST 8,925. 1 GRANTS TO LOW INCOME HOMEOWNERS FOR HOME REPAIRS 17 178156 LOAN FORGIVENESS FOR LIMITED LIABILITY PROPERTY OWNER 1 7250 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. 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 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 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 FROM THE ONSET OF THE PANDEMIC, THROUGHOUT FY 23, AND BEYOND ONEHOLYOKE CDC WAS UNDERMINED BY ONE OF THE MOST DIFFICULT HIRING ENVIRONMENTS IN MEMORY. OUR VERY SMALL STAFF OF FINANCE EMPLOYEES WAS PLAGUED BY OVER 100% TURNOVER AND RECURRING SHORT RETENTION. WE WERE FORTUNATE TO HAVE A PART TIME OUTSIDE CONSULTANT TO SERVE AS FINANCE DIRECTOR THROUGH THIS TIME, ALTHOUGH IT WAS NEVER INTENDED TO LEAVE HER RESPONSIBLE FOR DAY TO DAY OPERATIONS FOR SUCH AN EXTENDED PERIOD OF TIME. EVERY OTHER POSITION WE SOUGHT TO FILL WAS EITHER REDUCED TO PART TIME TO ACCOMMODATE AVAILABLE STAFF OR TURNED OVER IN VERY SHORT ORDER. WE TRANSITIONED FROM A DIFFICULT PROPRIETARY FINANCIAL ACCOUNTING SOFTWARE TO QUICKBOOKS AND SIMPLIFY OUR ORGANIZATIONAL STRUCTURE. UNFORTUNATELY, ACTIVITY THAT SHOULD HAVE BEEN REPORTED BY ONE ORGANIZATION WAS REPORTED TO ANOTHER RELATED ORGANIZATION. THIS WAS DISCOVERED DURING THAT ORGANIZATION'S AUDIT. WE RESPECTFULLY REQUEST THAT LATE FILING PENALTIES BE WAIVED. ALL OF THE SOFTWARE, ORGANIZATIONAL AND GENERAL LEDGER TRANSITIONS ARE NOW SUCCESSFULLY COMPLETED. WE HAVE BEEN ABLE TO HIRE A FULL TIME FINANCE DIRECTOR, SUPPORTED BY A FULL TIME BOOKKEEPER, ENABLING OUR PART TIME CONSULTANT TO SUPPORT US WITH HER EXPERTISE AND NOT BE MIRED IN DAILY OPERATIONS.