2015-11-10T08:57:09-06:00 2014-12-31 COHNREZNICK LLP 500 EAST PRATT STREET SUITE 200 BALTIMORE MD 212023100 990 2014-01-01 042802804 COUNCIL OF ELDERS HOUSING CORPORATION % CHITRA SHARMA COUN 6173632300 ONE FLORENCE STREET BOSTON MA 02131 Chitra Sharma member 6173632300 2015-10-08 true PHILIP H CORNBLATT CPA P00252478 4107834900 2014 2016-02-25 16:41:14Z THELMA MOORE ONE FLORENCE STREET BOSTON MA 02131 2665045 false X N/A X 1980 MA TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. 8 8 0 0 0 0 2566271 2661422 3457 3623 0 0 2569728 2665045 0 0 0 0 270281 281775 0 0 0 2437982 2557544 2708263 2839319 -138535 -174274 11378396 11275151 11963744 12034773 -585348 -759622 TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS. false false 2714970 2661422 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 2714970 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 7 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 MA X CHITRA SHARMA 6174695814 ONE FLORENCE STREET BOSTON MA 02131 X THELMA MOORE treasurer 1.0 X X RICHARD BROWN VICE PRESIDENT 1.0 X X NANCY EMERSON LOMBARDO PRESIDENT 1.0 X X Marilyn Flowers Marion BOARD MEMEBER 1.0 X CHERYL DORSEY BOARD MEMEBER 1.0 X MARIE E COLEMAN Assistant Clerk 1.0 X X RUDOLPH R RUSSELL JR Assistant Treasurer 1.0 X X Victoria Williams BOARD MEMEBER 1.0 X 0 false false false Rogerson Communities ONE FLORENCE STREET BOSTON MA 02131 Management 585025 US SECURITY ASSOCIATES INC 50 Braintree Hill Office Park 303 BRAINTREE MA 02184 SECURITY 107660 2 0 RENTAL INCOME 531110 2650459 2650459 LAUNDRY INCOME 531110 10963 10963 2661422 3623 3623 0 0 0 0 0 0 0 0 0 0 2665045 2661422 3623 0 0 0 0 0 0 281730 281730 0 0 45 45 106565 106565 4314 4314 22923 22923 0 0 0 0 295 295 18839 18839 0 0 0 0 0 0 627082 627082 0 442404 442404 124124 124124 RESIDUAL RECEIPT EXPENSE 177708 177708 UTILITIES 290968 290968 REAL ESTATE TAX 238543 238543 INCENTIVE MANAGEMENT FEES 79868 79868 423911 421192 2719 2839319 2714970 124349 0 337479 352492 54179 56809 0 0 16519 17781 0 0 0 0 0 0 0 0 2550 2173 17497725 8927961 8975487 8569764 0 0 0 0 0 0 227730 220739 1764452 2055393 11378396 11275151 58902 31522 0 0 13089 19163 0 0 0 0 0 0 11068318 10943753 0 0 823435 1040335 11963744 12034773 X -585348 -759622 0 0 0 0 -585348 -759622 11378396 11275151 -174274 X false true X true true true X 0 0 0 0 0 0 4632740 2584780 2692687 2566271 2661422 15137900 0 0 0 4632740 2584780 2692687 2566271 2661422 15137900 0 0 0 15137900 5031 4564 5769 3457 3623 22444 0 5031 4564 5769 3457 3623 22444 0 0 4637771 2589344 2698456 2569728 2665045 15160344 0.99852 0.99535 0.00148 0.00215 X 135000 135000 17067892 8695733 8372159 294834 232229 62605 8569764 RESERVE FOR REPLACEMENTS 1207718 MORTGAGE ESCROW DEPOSITS 605504 OTHER RESERVES 242171 2055393 0 ACCRUED EXPENSES 662025 TENANT SECURITY DEPOSITS 42494 ACCRUED INTEREST PAYABLE 51983 RESIDUAL RECEIPT LIABILITY 283833 1040335 X 2665045 2665045 2665045 2839319 2839319 2839319 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, 2014. 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 2011 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. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:REPAIRS AND MAINTENANCE TOTAL EXPENSES:400578 PROGRAM SERVICES:400578 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TAXES & PERMITS TOTAL EXPENSES:500 PROGRAM SERVICES:500 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:GENERAL AND ADMIN EXPENSES TOTAL EXPENSES:21956 PROGRAM SERVICES:19237 MANAGEMENT AND GENERAL:2719 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANK CHARGES TOTAL EXPENSES:315 PROGRAM SERVICES:315 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBTS TOTAL EXPENSES:562 PROGRAM SERVICES:562