2015-11-04T11:50:06-06:00 2014-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2014-01-01 331178098 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC WOME 6173670520 15 COURT SQUARE NO 210 BOSTON MA 02108 LONI WILLEY CHIEF OPERATING OFFICER 6173670520 2015-11-04 1 SANDRA M BROWN CPA P01614103 5088717178 2015-11-04 2014 2016-04-25 22:37:26Z LONI WILLEY 15 COURT SQUARE NO 210 BOSTON MA 02108 1283474 0 X WWW.WIHED.ORG X 2007 CT DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS WITH A (CONTINUED) NETWORK OF SUPPORTIVE SERVICES AND PROGRAMS. 3 3 0 3 0 0 535157 510000 840152 769807 498 487 934 3180 1376741 1283474 0 145165 0 0 0 0 0 0 0 1445325 1508654 1445325 1653819 -68584 -370345 19807416 19834546 14851082 15282528 4956334 4552018 THE MISSION OF WOMEN'S INSTITUTE REALTY OF CONNECTICUT IS TO PROMOTE ECONOMIC OPPORTUNITY AND BUILD STRONG COMMUNITIES BY DEVELOPING SAFE, AFFORDABLE AND SUPPORTIVE HOUSING FOR INDIVIDUALS AND FAMILIES. 0 0 155876 145165 35517 WOMEN'S INSTITUTE REALY OF CONNECTICUT, INC. DEVELOPS REAL ESTATE TO BE USED FOR AFFORDABLE AND LOW-INCOME HOUSING IN CONNECTICUT. 1449433 0 694426 THE FRANKLIN IS OPERATED UNDER PARK CITY SUPPORTIVE HOUSING LLC, FOR WHICH WIR-CT IS THE SOLE MEMBER. THE FRANKLIN OFFERS AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO 48 LOW-INCOME INDIVIDUALS, INCLUDING A PRIORITY FOR HOMELESS VETERANS. 48510 0 43044 LAKEVIEW APARTMENTS IS OPERATED UNDER LAKEVIEW APARTMENTS, LLC FOR WHICH WIR-CT IS THE SOLE MEMBER. LAKEVIEW APARTMENTS OFFERS AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, WITH A PRIORITIZATION OF WORKFORCE HOUSING. 1653819 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 73 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 CT X X LONI WILLEY 6173670520 15 COURT SQUARE SUITE 210 BOSTON MA 02108 CHRISTINE TRACZYK PRESIDENT 0.50 1.00 X X 0 0 0 MELISSA J SHEELER TREASURER 0.50 1.00 X X 0 0 0 TRACY MCDERMOTT CLERK 0.50 1.00 X X 0 0 0 LONI WILLEY EXECUTIVE DIRECTOR 3.00 40.50 X 0 141992 12583 MOLLYE WOLAHAN CHIEF PROGRAM OFFICER 1.00 38.50 X 0 120637 6489 0 262629 19072 0 0 1 0 DEMARCO MANAGEMENT CORPORATION 117 MURPHY ROAD HARTFORD CT 06114 PROPERTY MANAGEMENT 242836 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 303843412 SECURITY SERVICE 130112 2 510000 510000 PROGRAM RENT 531110 734290 734290 PROJECT MANAGEMENT FEE 531390 35517 35517 769807 487 487 LAUNDRY INCOME 900099 3180 3180 3180 1283474 772987 0 487 145165 145165 140850 140850 6459 6459 23200 23200 18033 18033 896903 896903 95 95 379894 379894 30500 30500 REAL ESTATE DEVELOPMENT 9002 9002 BAD DEBTS - UNCOLLECTED 2329 2329 MISCELLANEOUS OTHER COS 1389 1389 1653819 1653819 0 0 737411 690235 65675 0 51911 18791 205261 30157 22968 23500 14127235 1625908 12554492 12501327 5229142 5195171 27258 940556 1348107 19807416 19834546 340525 295431 5930 12570428 12760469 1940129 2220698 14851082 15282528 X 4670094 3953210 286240 598808 4956334 4552018 19807416 19834546 X -370345 -33971 X 0 1 X 1 0 X 257232 395562 364216 535157 510000 2062167 257232 395562 364216 535157 510000 2062167 2062167 3 18 1110 498 487 2116 93257 1604 934 3180 98975 2163258 3302882 0.95330 0.95750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ENERGY REBATE - 2010 AMOUNT: $ 92,271. LAUNDRY INCOME - 2010 AMOUNT: $ 761. 2012 AMOUNT: $ 603. 2013 AMOUNT: $ 934. 2014 AMOUNT: $ 3,180. MISCELLANEOUS INCOME - 2010 AMOUNT: $ 225. 2012 AMOUNT: $ 1,001. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76541 76541 13853680 1516175 12337505 197014 109733 87281 12501327 INVESTMENT IN PARK CITY HOUSING CORPORATION 679843 F INVESTMENT IN VICTORY GARDENS HOUSING LLC 4599866 F INVESTMENT IN FERRY CROSSING, LLC -84538 F 5195171 FUNDS HELD IN RESERVE 408311 DUE FROM AFFILIATES 11104 CONSTRUCTION/DEVELOPMENT IN PROGRESS 913842 TENANT SECURITY DEPOSIT ACCOUNTS 14850 1348107 SECURITY DEPOSITS PAYABLE 12173 ACCRUED MORTGAGE INTEREST 2205070 DUE TO FERRY CROSSING, LLC 3455 2220698 X PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION IS THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. 1 WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC 15 COURT SQUARE SUITE 210 BOSTON MA 02108 042733078 501(C)(3) 145165 0 PROGRAM RELATED GRANT 1 0 PART I, LINE 2: CONTRIBUTION TO SUPPORT ORGANIZATION'S MISSION TO DEVELOP AND OPERATE AFFORDABLE HOUSING. X 0 0 0 0 0 0 0 0 0 LONI WILLEY EXECUTIVE DIRECTOR 0 141992 0 0 0 0 0 500 0 12083 0 154575 0 0 FORM 990, PART VI, SECTION A, LINE 3 WIR-CT, THROUGH ITS SUBSIDIARIES PARK CITY SUPPORTIVE HOUSING LLC AND LAKEVIEW HOUSING LLC, OUTSOURCES MANAGEMENT OF DAY-TO-DAY PROPERTY OPERATIONS TO INDEPENDENT PROPERTY MANAGEMENT COMPANIES THROUGH CONTRACTUAL AGREEMENTS. IN LATE 2014, THERE WAS A SHORT PERIOD WHEREBY ONE PROPERTY, LAKEVIEW APARTMENTS, WAS SELF-MANAGED DURING A TRANSITION TO A NEW PROPERTY MANAGEMENT COMPANIES. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS AUTHORIZED THE FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990. A DRAFT FORM WAS MADE AVAILABLE TO ANY BOARD MEMBER WHO WISHED TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL SUBMISSION OF A WRITTEN CONFLICT-OF-INTEREST QUESTIONNAIRE BY ALL OFFICERS, DIRECTORS, AND EMPLOYEES. THE QUESTIONNAIRE REQUESTS DISCLOSURE OF ANY POSSIBLE PROFESSIONAL OR PERSONAL CONFLICTS OF THE OFFICER, DIRECTOR, OR EMPLOYEE, OR THEIR IMMEDIATE FAMILY MEMBERS, IN REGARD TO TRANSACTIONS AND RELATIONSHIPS WITH THE ORGANIZATION, ITS AFFILIATES, ITS VENDORS, ITS FUNDERS AND LENDERS, AND/OR ANY OTHER SIGNIFICANT RELATIONSHIP HELD BY THE ORGANIZATION. ADDITIONALLY, ANY POTENTIAL CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR ARE DISCLOSED AT REGULAR BOARD MEETINGS, AND ASSESSED BY MANAGEMENT. IF A CONFLICT IS EVIDENT OR POTENTIALLY EVIDENT, THE FOLLOWING PROCESSES OCCUR: (1) IF AN OFFICER OR DIRECTOR, THE MEMBER IS RECUSED FROM ALL DISCUSSION AND VOTING AUTHORITY IN WHICH THE CONFLICT EXISTS, AND (2) IF AN EMPLOYEE, ANY NEGOTIATION AND COMPENSATION BETWEEN THE ORGANIZATION AND THE PARTY-OF-INTEREST IS ASSIGNED TO A NON-INTERESTED SENIOR EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A & B: ORGANIZATION DID NOT PAY ANY COMPENSATION TO EXECUTIVE DIRECTOR OR OFFICERS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PASS THROUGH LOSS: VICTORY GARDENS HOUSING, LLC -107. PASS THROUGH LOSS: FERRY CROSSING, LLC -33,822. PASS THROUGH LOSS: PARK CITY - ELEANOR OPERATIONS -42. PARK CITY SUPPORTIVE HOUSING LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 263200703 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT 694903 12344270 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC LAKEVIEW APARTMENTS LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 455152726 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT 43054 671459 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC MILL AT KILLINGLY APARTMENTS LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 464200066 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT 0 913508 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC VICTORY GARDENS MM LLC C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 464602452 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN CONNECTICUT CT 0 0 WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC 15 COURT SQUARE SUITE 210 BOSTON MA 02108 042733078 HOUSING AND ECONOMIC DEVELOPMENT IN MA AND CT MA 501(C)(3) 509(A)(2) NONE 0 WOMEN'S INSTITUTE REALTY INC C/O WIHED 15 COURT SQUARE SUITE 210 BOSTON MA 02108 043220484 DEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING IN MASSACHUSETTS MA 501(C)(3) 509(A)(2) NONE-COMMONLY CONTROLLED BY OFFICERS OF WIHED 0 FERRY CROSSING LLC 15 COURT SQUARE BOSTON MA 02108 272682871 DEVELOPMENT AND OPERATION OF LOW INCOME HOUSING IN CT CT WOMEN'S INSTITUTE REALTY OF CONNECTICUT INC RENTAL/RELATED -33822 1973326 0 1 0.51000 PARK CITY HOUSING CORPORATION C/O WIR-CT 15 COURT SQUARE SUITE 21 BOSTON MA 02108 261497156 OPERATION OF LOW-INCOME HOUSING CT WIR-CT C -42 679843 1.00000 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC E 29610152 DEBT GUARANTEES ALL LISTED AFFILIATES D 29610152 DEBT GUARANTEES WOMEN'S INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC B 145165 CASH TRANSFER