2014-11-11T13:51:37-06:00 2013-12-31 COHNREZNICK LLP 500 EAST PRATT STREET SUITE 200 BALTIMORE MD 212023100 990 2013-01-01 042697814 CHARLES H FARNSWORTH HOUSING CORPORATION % CHITRA SHARMA CHAR 6173632300 ONE FLORENCE STREET Suite BOSTON MA 02131 CHITRA SHARMA member 6173632300 2014-11-15 true PHILIP H CORNBLATT CPA P00252478 6173632300 2013 2015-11-30 17:44:51Z Donald Charsky ONE FLORENCE STREET BOSTON MA 02131 1433149 false X N/A X 1979 MA TO PROVIDE CONGREGATE HOUSING FACILITIES FOR THE ELDERLY OF LIMITED MEANS WHO ARE UNABLE TO CARE FOR THEMSELVES. 6 6 0 0 0 0 1481778 1431673 2911 1476 0 0 1484689 1433149 0 0 0 0 202764 200841 0 0 0 1735470 1302504 1938234 1503345 -453545 -70196 5414366 4924176 5215053 4795059 199313 129117 TO PROVIDE CONGREGATE HOUSING FACILITIES FOR THE ELDERLY OF LIMITED MEANS WHO ARE UNABLE TO CARE FOR THEMSELVES. false false 1471649 1431673 PROVIDED A FACILITY WITH 76 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 1471649 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 5 0 true 0 false false false false false false false false false false X 6 6 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 Ms Cheryl Dorsey TRUSTEE 1.0 X DONALD CHARSKY CLERK 1.0 X X Peter R Fenn Esq PRESIDENT 1.0 X X PETER ERHARIC TRUSTEE 1.0 X Monroe Heyman Jr treasurer 1.0 X X Ms Lisa Lewis TRUSTEE 1.0 X 0 false false false Rogerson Communities One Florence Street BOSTON MA 02131 Management 257980 1 0 RENTAL INCOME 531110 1424478 1424478 LAUNDRY INCOME 531110 7195 7195 1431673 1476 1476 0 0 0 0 0 0 0 0 0 0 1433149 1431673 1476 0 0 0 0 0 0 200841 200841 0 0 0 57139 57139 694 694 15783 15783 0 0 0 0 0 11499 11499 0 0 0 0 0 44 44 272680 272680 0 200682 200682 39948 39948 MISC ADMINISTRATIVE EXPENSE 4414 4414 0 UTILITIES 138103 138103 0 REPAIRS & MAINTENANCE 133321 133321 0 SECURITY CONTRACT 45423 45423 0 382774 382774 1503345 1471649 31696 0 113560 163133 2649 2540 0 0 2083 5289 0 0 0 0 0 0 0 0 33069 31788 7788537 4141074 3842144 3647463 24405 25908 0 0 0 0 270032 264031 1126424 784024 5414366 4924176 785077 404427 0 0 0 0 0 0 0 0 0 0 4383776 4344834 0 0 46200 45798 5215053 4795059 X 199313 129117 0 0 0 0 199313 129117 5414366 4924176 -70196 X false true X true true true X false false false 0 0 0 0 0 0 1310569 2588690 1440658 1481778 1431673 8253368 0 0 0 1310569 2588690 1440658 1481778 1431673 8253368 0 0 0 8253368 14355 2340 6257 2911 1476 27339 0 14355 2340 6257 2911 1476 27339 0 194 0 0 194 1325118 2591030 1446915 1484689 1433149 8280901 0.99667 0.99223 0.00330 0.00774 X 228000 228000 7116171 3763877 3352294 444366 377197 67169 3647463 TAX AND INSURANCE ESCROW 186806 RESERVE FOR REPLACEMENTS 534248 RESIDUAL RECEIPTS RESERVE 37973 TENANT SECURITY DEPOSITS 24997 784024 0 ACCRUED MORTGAGE INTEREST 22629 TENANT SECURITY DEPOSITS 23169 45798 X 1433149 1433149 1433149 1503345 1503345 1503345 Part X Line 2 The 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, 2013. 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. Income tax returns filed by the Partnership 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 2010 remain open. 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 B #12 THE CONFLICT OF INTEREST POLICY IS reviewed annually by the OFFICERS AND DIRECTORS. 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:REAL ESTATE TAXES TOTAL EXPENSES:213671 PROGRAM SERVICES:213671 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISC TAXES AND PERMITS TOTAL EXPENSES:500 PROGRAM SERVICES:500 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ELDERLY CARE EXPENSE TOTAL EXPENSES:14765 PROGRAM SERVICES:14765 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SUPPLIES TOTAL EXPENSES:22609 PROGRAM SERVICES:22609 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MORTGAGE INSURANCE PREM TOTAL EXPENSES:16236 PROGRAM SERVICES:16236 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS FINANCIAL EXP TOTAL EXPENSES:73598 PROGRAM SERVICES:73598 FUNDRAISING: FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:OTHER EXPENSES TOTAL EXPENSES:41395 PROGRAM SERVICES:41395 FUNDRAISING: