2016-08-31T11:32:11-05:00 2015-12-31 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FL BALTIMORE MD 212023100 990 2015-01-01 042802804 COUNCIL OF ELDERS HOUSING CORPORATION % CHITRA SHARMA COUN 6173632300 ONE FLORENCE STREET BOSTON MA 02131 CHITRA SHARMA MEMBER 6174695814 2016-08-11 true PHILIP H CORNBLATT CPA P00252478 4107834900 2015 2016-12-15 16:53:06Z THELMA MOORE ONE FLORENCE STREET BOSTON MA 02131 2696830 false X N/A X 1980 MA TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 8 8 0 0 0 0 2661422 2691878 3623 4952 0 0 2665045 2696830 0 0 0 0 281775 323656 0 0 0 2557544 2488799 2839319 2812455 -174274 -115625 11275151 11061617 12034773 11936864 -759622 -875247 TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. false false 2688699 2691878 PROVIDED A FACILITY 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 2688699 true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 true 0 false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true false false false MA X CHITRA SHARMA 6174695814 ONE FLORENCE STREET BOSTON MA 02131 X X THELMA MOORE BOARD MEMBER 1.0 X X 0 0 0 RICHARD BROWN VICE PRESIDENT 1.0 X X 0 0 0 NANCY EMERSON LOMBARDO ASSISTANT CLERK 1.0 X X 0 0 0 Marilyn Flowers Marion CO-PRESIDENT 1.0 X 0 0 0 CHERYL DORSEY BOARD MEMEBER 1.0 X 0 0 0 MARIE E COLEMAN TREASURER 1.0 X X 0 0 0 RUDOLPH R RUSSELL JR CO-PRESIDENT 1.0 X X 0 0 0 Victoria Williams CLERK 1.0 X 0 0 0 0 0 0 0 false false false Rogerson Communities ONE FLORENCE STREET BOSTON MA 02131 Management 655460 US SECURITY ASSOCIATES INC 50 Braintree Hill Office Park 303 BRAINTREE MA 02184 SECURITY 110462 2 X 0 RENTAL INCOME 531110 2682957 2682957 LAUNDRY INCOME 531110 8921 8921 2691878 4952 4952 0 0 0 0 0 0 0 0 0 0 2696830 2691878 4952 0 0 0 0 0 0 323610 323610 0 0 46 46 114009 114009 17424 17424 23334 23334 0 0 0 0 1847 1847 15942 15942 0 0 0 0 0 0 619758 619758 0 452931 452931 120016 120016 UTILITIES 300476 300476 REAL ESTATE TAX 241467 241467 INCENTIVE MANAGEMENT FEES 81200 81200 REPAIRS AND MAINTENANCE 471951 471951 28444 25164 3280 2812455 2688699 123756 0 X 352492 154484 56809 57728 0 0 17781 14533 0 0 0 0 0 0 0 0 2173 3387 17553860 9374281 8569764 8179579 0 0 0 0 0 0 220739 214128 2055393 2437778 11275151 11061617 31522 55126 0 0 19163 0 0 0 0 0 0 0 10943753 10811899 0 0 1040335 1069839 12034773 11936864 X -759622 -875247 0 0 0 0 -759622 -875247 11275151 11061617 -115625 X false true X true true true X 0 0 0 0 0 0 2584780 2692687 2566271 2661422 2691878 13197038 0 0 0 2584780 2692687 2566271 2661422 2691878 13197038 0 0 0 13197038 4564 5769 3457 3623 4952 22365 0 4564 5769 3457 3623 4952 22365 0 0 2589344 2698456 2569728 2665045 2696830 13219403 0.99831 0.99852 0.00169 0.00148 X 135000 135000 17067892 9122729 7945163 350968 251552 99416 8179579 RESERVE FOR REPLACEMENTS 1366436 MORTGAGE ESCROW DEPOSITS 650705 OTHER RESERVES 420637 2437778 0 ACCRUED EXPENSES 691328 TENANT SECURITY DEPOSITS 43321 ACCRUED INTEREST PAYABLE 51357 RESIDUAL RECEIPT LIABILITY 283833 1069839 X 2696830 2696830 2696830 2812455 2812455 2812455 fin 48 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, 2015. 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 2012 remain open. 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, PART VI, SECTION B, LINE 12 THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A draft of the form 990 is reviewed and authorized by a member of the board of directors prior to filing with the IRS.