2017-11-15T12:54:12-06:00 2016-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2016-01-01 042802804 COUNCIL OF ELDERS HOUSING CORPORATION COUN 6173632300 ONE FLORENCE STREET BOSTON MA 02131 Nancy Emerson-Lombardo president 6173632300 2017-10-16 1 PHILIP H CORNBLATT P00252478 4107834900 209.3.217.20 2017-10-16 16:08:35 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F5E5BC45D7379974C64F8E15BF5958EBA47B35BC 2016 2021-01-29 14:40:06Z Nancy Emerson-Lombardo One FLorence Street boston MA 02131 2740837 0 X www.rogerson.org X 1980 MA TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 7 7 0 0 0 0 0 0 2691878 2725223 4952 13266 0 2348 2696830 2740837 0 0 0 0 323656 310949 0 0 0 2488799 2515112 2812455 2826061 -115625 -85224 11061617 10665016 11936864 11625487 -875247 -960471 TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 0 0 2702626 2725223 PROVIDED A FACILITY located in BOSTON, MASSACHUSETTS WITH 144 LOW-INCOME HOUSING UNITS TO ELDERLY PERSONS WITH FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING 2702626 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 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 0 MA X CHITRA SHARMA 6174695814 ONE FLORENCE STREET BOSTON MA 02131 X CHERYL DORSEY BOARD MEMEBER 0.15 X 0 0 0 MARIE E COLEMAN assISTANT CLERK 0.15 X X 0 0 0 Marilyn Flowers Marion bOARD MEMBER 0.15 X 0 0 0 NANCY EMERSON LOMBARDO president 0.15 X X 0 0 0 RICHARD BROWN VICE PRESIDENT 0.15 X X 0 0 0 RUDOLPH R RUSSELL JR assISTANT treasurer 0.15 X X 0 0 0 Victoria Williams bOARD MEMBER 0.15 X 0 0 0 0 0 0 0 0 0 0 jame j welch 33-W179 Surrey RD wayne IL 60184 construction 167010 Rogerson Communities ONE FLORENCE STREET BOSTON MA 02131 Management 108522 2 RENTAL INCOME 531110 2716441 2716441 LAUNDRY INCOME 531110 8782 8782 2725223 13266 13266 miscellaneous Revenue 900099 2348 2348 2348 2740837 2725223 0 15614 310949 310949 121654 121654 8825 8825 23391 23391 2093 2093 15893 15893 612006 612006 461623 461623 122380 122380 Operating & maintenance 456836 456836 UTILITIES 337125 337125 REAL ESTATE TAX 244480 244480 management fee 81439 81439 27367 24655 2712 2826061 2702626 123435 0 154484 149604 57728 0 14533 32276 3387 3721 17782265 9829280 8179579 7952985 214128 207504 2437778 2318926 11061617 10665016 55126 834084 10811899 10672330 1069839 119073 11936864 11625487 X -875247 -960471 -875247 -960471 11061617 10665016 -85224 0 X X 0 1 X 1 1 1 X 2692687 2566271 2661422 2691878 2725223 13337481 2692687 2566271 2661422 2691878 2725223 13337481 0 0 0 13337481 5769 3457 3623 4952 13266 31067 5769 3457 3623 4952 13266 31067 2348 2348 2698456 2569728 2665045 2696830 2740837 13370896 0.99750 0.99830 0.00230 0.00170 X Schedule A, Part III, Line 12, Explanation of Other Income: other income - 2016 Amount: $ 2,348. 135000 135000 17285837 9556113 7729724 361428 273167 88261 7952985 RESERVE FOR REPLACEMENTS 1407490 MORTGAGE ESCROW DEPOSITS 690091 OTHER RESERVES 64582 Residual receipts reserve 96272 tenant deposit 60491 2318926 TENANT SECURITY DEPOSITS 45526 ACCRUED INTEREST PAYABLE 50694 RESIDUAL RECEIPT LIABILITY 22853 119073 X 2740837 0 2740837 0 2740837 2826061 0 2826061 0 2826061 Part X, Line 2: Council of Elders Housing Corporation has applied for and 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, 2016. Due to their tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the IRS and other taxing authorities. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open. Form 990, Part VI, Section A, line 3 the individuals managing the organization work for rogerson communities, inc. A TAX EXEMPT MANAGEMENT COMPANY. Form 990, Part VI, Section B, line 11b A draft of the form 990 is reviewed and authorized by a member of the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPRECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. Form 990 XII line 2c The Organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.