MELROSE AFFORDABLE HOUSING CORP: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MELROSE AFFORDABLE HOUSING CORP (EIN 30-0034668)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-07-15
IRS object ID: 201301969349300735
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-07-15T08:32:49-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JOSEPH S GULINO CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	20 WEST EMERSON STREET	AddressLine1
City	MELROSE	City
State	MA	State
ZIP Code	02176	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	300034668	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MELROSE AFFORDABLE HOUSING CORPORATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MELR	NameControl
Phone	7816651622	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	910 MAIN STREET	AddressLine1
City	MELROSE	City
State	MA	State
ZIP Code	02176	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	FRANK GISO III	Name
Title	PRESIDENT	Title
Phone	7816651622	Phone
Date Signed	2013-07-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOSEPH S GULINO CPA	Name
Phone	7816627700	Phone
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	FRANK GISO III	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	910 MAIN STREET	AddressLine1
City	MELROSE	City
State	MA	State
ZIP Code	02176	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	101224	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2001	YearFormation
State Legal Domicile	MA	StateLegalDomicile
Activity Or Mission Description	Affordable housing rental rates for individuals with low income.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	7	TotalNbrVolunteers
Total Gross UBI	136	TotalGrossUBI
Contributions Grants Current Year	10000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	88788	ProgramServiceRevenuePriorYear
Program Service Revenue CY	91088	ProgramServiceRevenueCY
Investment Income Prior Year	276	InvestmentIncomePriorYear
Investment Income Current Year	136	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	89064	TotalRevenuePriorYear
Total Revenue Current Year	101224	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	144736	OtherExpensePriorYear
Other Expenses Current Year	157530	OtherExpensesCurrentYear
Total Expenses Prior Year	144736	TotalExpensesPriorYear
Total Expenses Current Year	157530	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-55672	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-56306	RevenuesLessExpensesCY
Total Assets BOY	1283812	TotalAssetsBOY
Total Assets EOY	1871444	TotalAssetsEOY
Total Liabilities BOY	1233904	TotalLiabilitiesBOY
Total Liabilities EOY	1877842	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	49908	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-6398	NetAssetsOrFundBalancesEOY
Mission Description	Affordable housing rental	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	154831	Expense
Revenue	101088	Revenue
Description	AFFORDABLE RENTAL HOUSING	Description
Total Program Service Expense	154831	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	MELROSE HOUSING AUTHORITY	NamePerson
Telephone Number	7816651622	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	910 MAIN STREET	AddressLine1
City	MELROSE	City
State	MA	State
ZIP Code	02176	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Institutional TrusteeInstitutionalTrustee	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
FRANK GISO III
President	1.00	X	X	X	0	0	0
JAMES OOSTERMAN
Treasurer	1.00	X		X	0	0	0
ELLEN CONNOLLY
Clerk	1.00	X		X	0	0	0
SHERRIE SAINT-AMANT
Director	1.00	X			0	0	0
RICHARD BOUTWELL
Director	1.00	X			0	0	0
JOAN CASSIDY
Director	1.00	X			0	0	0
PETER HOLLANDS
Director	1.00	X			0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	10000	AllOtherContributions
Total Contributions	10000	TotalContributions

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	91088	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	91088	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	136	TotalRevenueColumn
Unrelated Business Revenue	136	UnrelatedBusinessRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	101224	TotalRevenueColumn
Related Or Exempt Function Income	91088	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	136	UnrelatedBusinessRevenue

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	9046	Total
Program Services	9046	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	2555	Total
Program Services	0	ProgramServices
Management And General	2555	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	43188	Total
Program Services	43188	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	53468	Total
Program Services	53468	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	9054	Total
Program Services	9054	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Annual Report	19	0	19
Form PC	35	0	35
Maintenance	30111	30111	0
Utilities	6587	6587	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3467	Total
Program Services	3377	ProgramServices
Management And General	90	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	157530	Total
Program Services	154831	ProgramServices
Management And General	2699	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	60193	BOY
EOY	57061	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2125480	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	311097	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1223619	BOY
EOY	1814383	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1283812	BOY
EOY	1871444	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	1230886	BOY
EOY	1871242	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	3018	BOY
EOY	6600	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1233904	BOY
EOY	1877842	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	24605	BOY
EOY	-6398	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	25303	BOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	49908	BOY
EOY	-6398	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1283812	BOY
EOY	1871444	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-56306	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	120814	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1049	CurrentTaxYearMinus3Years
Current Tax Year	10000	CurrentTaxYear
Total	131863	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	75918	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	83382	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	95989	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	88788	CurrentTaxYearMinus1Year
Current Tax Year	91088	CurrentTaxYear
Total	435165	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	196732	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	84431	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	95989	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	88788	CurrentTaxYearMinus1Year
Current Tax Year	101088	CurrentTaxYear
Total	567028	Total

Field	Value	IRS element (for citing)
Public Support Total509	567028	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	65	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	275	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	261	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	276	CurrentTaxYearMinus1Year
Current Tax Year	136	CurrentTaxYear
Total	1013	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	65	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	275	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	261	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	276	CurrentTaxYearMinus1Year
Current Tax Year	136	CurrentTaxYear
Total	1013	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Total	568041	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99820	PublicSupportPercentage509
Prior Year Support Percentage	0.99610	PriorYearSupportPercentage
Investment Income Percentage	0.00180	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.00390	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	595657	InvestmentCostOrOtherBasis
Book Value	595657	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	1529823	InvestmentCostOrOtherBasis
Depreciation	311097	Depreciation
Book Value	1218726	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1814383	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Other Current Liabilites	Description
Amount	$6,600	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	6600	TotalOfAmounts

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
FRANK GISO III
Director/Officer	57595	Mortgage Payments to Melrose Coop	false
JIM OOSTERMAN
Director/Officer/Key Employee	57595	Mortgage Payments to Melrose Coop	false

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 2	Two directors work for same organization
Pt VI, Line 3	Management Company - Melrose Housing Authority
Pt VI, Line 7a	Melrose Housing Authority/Afforable Housing Task Force
Pt VI, Line 7b	Melrose Housing Authority/Afforable Housing Task Force
Pt VI, Line 11b	Review together at Board meeting
Pt VI, Line 12c	Review together at Board meeting
Pt VI, Line 19	Upon Request
Form 990EZ, Part II, Line 24	ACCOUNTS RECEIVABLE
Form 990, Part IX, Line 24f	N. SUBURBAN CONSORTIUM FEE 3208. 3208. TAXES - REAL ESTATE 151. 151. BANK FEES 108. 18. 90.