2015-05-12T12:53:21-05:00 2014-06-30 COHNREZNICK LLP 500 EAST PRATT STREET SUITE 200 BALTIMORE MD 212023100 990 2013-07-01 200747495 25 SCHOOL STREET INC C/O ROGERSON COMMUNITIES % CHITRA SHARMA 25SC 6174695800 1 FLORENCE STREET Suite BOSTON MA 02131 CHITRA SHARMA Member 6174695800 2015-05-07 true PHILIP H CORNBLATT CPA P00252478 6174695800 2013 2016-03-07 17:11:31Z Paula Thier ONE FLORENCE STREET BOSTON MA 02131 524410 false X www.rogerson.org X 2004 MA TO ENGAGE IN THE DEVELOPMENT, CONSTRUCTION, OWNERSHIP, AND OPERATION OF A RESIDENTIAL HOUSING PROJECT UNDER SECTION 202 OF THE HOUSING ACT OF 1959. 8 8 0 0 0 0 437537 523965 504 445 0 0 438041 524410 0 0 0 0 84336 101446 0 0 0 541229 558187 625565 659633 -187524 -135223 8313671 8163120 8691671 8676343 -378000 -513223 TO ENGAGE IN THE DEVELOPMENT, CONSTRUCTION, OWNERSHIP AND OPERATION OF A RESIDENTIAL HOUSING PROJECT UNDER SECTION 202 OF THE HOUSING ACT OF 1959. false false 551332 523965 OPERATED A COMMUNITY OF 46 UNITS FOR RENTAL TO RESIDENTS OF LOW AND MODERATE INCOME, LOCATED IN JAMAICA PLAIN, MASSACHUSETTS. 551332 true false false false false false false false false true false false false 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 true false false false true 5 0 true 0 true false false false false false false false false false false X 8 8 false true false false false false false true true false false true true true true true true false false false MA X CHITRA SHARMA 6174695815 ONE FLORENCE STREET BOSTON MA 02131 X MR RICHARD BROWN ASSISTANT TREASURER 0.1 X X MS LILLIAN CORBIN CLERK/SECRETARY 0.1 X X MS NANCY EMERSON LOMBARDO ASSISTANT CLERK/SECRETARY 0.1 X X MS THELMA MOORE VICE PRESIDENT & TREASURER 0.1 X X CHRERYL DORSEY BOARD MEMBER 0.1 X MARIE E COLEMAN BOARD MEMBER 0.1 X RUDOLPH R RUSSELL JR BOARD MEMBER 0.1 X 0 false false false 0 0 RENTAL INCOME 531110 428100 428100 LAUNDRY INCOME 812300 3590 3590 MISCELLANEOUS REVENUE 812300 92275 92275 523965 445 445 0 0 0 0 0 0 0 0 0 0 524410 523965 445 0 0 0 0 0 0 101446 47010 54436 0 0 0 35051 35051 180 180 11712 3312 8400 0 0 0 0 0 10414 10414 0 0 0 0 0 0 0 0 254591 254591 16200 16200 CONTRACT LABOR 36239 36239 0 REPAIRS AND MAINTENANCE 37528 37528 MISC. ADMINISTRATIVE EXPENSES 10488 10488 REAL ESTATE TAX 49260 49260 96524 96524 659633 551332 108301 0 65874 50281 0 0 0 0 14372 4 0 0 0 0 0 0 0 0 9825 3839 9867263 2100268 7928596 7766995 0 0 0 0 0 0 13106 12391 281898 329610 8313671 8163120 99652 107153 0 0 0 0 0 0 0 0 0 0 8415660 8394764 0 0 176359 174426 8691671 8676343 X -378000 -513223 0 0 0 0 -378000 -513223 8313671 8163120 -135223 X false true X true true true X false false false 0 0 0 0 0 0 363978 388651 413194 437537 523965 2127325 0 0 0 363978 388651 413194 437537 523965 2127325 0 0 0 2127325 641 419 428 504 445 2437 0 641 419 428 504 445 2437 0 51561 5298 56859 416180 394368 413622 438041 524410 2186621 0.97288 0.97150 0.00112 0.00102 X 90000 90000 8936295 1522485 7413810 840968 577783 263185 7766995 0 CONSTRUCTION PAYABLE 127268 SECURITY DEPOSIT LIABILITY 11810 ACCRUED MANAGEMENT FEE PAYABLE 2730 PREPAID RENT 5565 MISC. CURRENT LIABILITIES 27053 174426 X 524410 524410 524410 659633 659633 659633 part X line 2 25 School Street, Inc. 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 June 30, 2014. Due to its 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. 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. Tax years still open for IRS examination of the Corporation are the years ended June 30, 2011, 2012 and 2013. PART VI, SECTION B #12 THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS. PART VI, SECTION C, #19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPRECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. Part VI, Section A, 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. Part VI, Section A, Line 3 DAY TO DAY OPERATIONS ARE MANAGED BY Rogerson Communities. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UTILITIES TOTAL EXPENSES:73676 PROGRAM SERVICES:73676 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:OTHER RENTING EXPENSES TOTAL EXPENSES:2105 PROGRAM SERVICES:2105 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISC. TAXES & PERMITS TOTAL EXPENSES:125 PROGRAM SERVICES:125 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:9281 PROGRAM SERVICES:9281 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SUPPLIES TOTAL EXPENSES:11337 PROGRAM SERVICES:11337 FORWARD INC ONE FLORENCE STREET BOSTON MA 02131 042771148 AFF HOUSING MA 501(C)(3) PF NA false 419 WALNUT INC ONE FLORENCE STREET BOSTON MA 02131 271087138 AFF HOUSING MA 501(C)(3) 9 NA false WALNUT HOUSE LLC ONE FLORENCE STREET BOSTON MA 02131 201888313 AFFORD HOUSIN MA NA RELATED false false false false false false true false false false false false false false false false false false false false false forward inc e 127268 cost rogerson communities e 99554 cost