MELROSE AFFORDABLE HOUSING CORP: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: MELROSE AFFORDABLE HOUSING CORP (EIN 30-0034668)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-15
IRS object ID: 201213209349303946
Schema version: 2011v1.2
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 D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-15T10:15:54-08:00	Timestamp
Tax Period End Date	2011-12-31	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	2011-01-01	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	Name
Title	PRESIDENT	Title
Phone	7816651622	Phone
Date Signed	2012-11-15	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	2011	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	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	89064	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	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	6	TotalNbrVolunteers
Total Gross UBI	276	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	95989	ProgramServiceRevenuePriorYear
Program Service Revenue CY	88788	ProgramServiceRevenueCY
Investment Income Prior Year	261	InvestmentIncomePriorYear
Investment Income Current Year	276	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	96250	TotalRevenuePriorYear
Total Revenue Current Year	89064	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	131115	OtherExpensePriorYear
Other Expenses Current Year	144736	OtherExpensesCurrentYear
Total Expenses Prior Year	131115	TotalExpensesPriorYear
Total Expenses Current Year	144736	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-34865	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-55672	RevenuesLessExpensesCY
Total Assets BOY	1313337	TotalAssetsBOY
Total Assets EOY	1283812	TotalAssetsEOY
Total Liabilities BOY	1207757	TotalLiabilitiesBOY
Total Liabilities EOY	1233904	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	105580	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	49908	NetAssetsOrFundBalancesEOY
Mission Description	Affordable housing rental	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	141123	Expense
Revenue	88788	Revenue
Description	AFFORDABLE RENTAL HOUSING	Description
Total Program Service Expense	141123	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
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	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	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	1.00	X		X	0	0	0
ANN STPIERRE
Clerk	1.00			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

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	88788	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	88788	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	276	TotalRevenueColumn
Unrelated Business Revenue	276	UnrelatedBusinessRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	89064	TotalRevenueColumn
Related Or Exempt Function Income	88788	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	276	UnrelatedBusinessRevenue

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	9512	Total
Program Services	9512	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	425	Total
Program Services	0	ProgramServices
Management And General	425	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	3025	Total
Program Services	0	ProgramServices
Management And General	3025	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	91	Total
Program Services	0	ProgramServices
Management And General	91	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	40329	Total
Program Services	40329	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	49305	Total
Program Services	49305	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	4034	Total
Program Services	4034	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Annual Report	37	0	37
Form PC	35	0	35
Maintenance	23992	23992	0
Utilities	8436	8436	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	5515	Total
Program Services	5515	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	144736	Total
Program Services	141123	ProgramServices
Management And General	3613	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	46013	BOY
EOY	60193	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1481248	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	257629	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1267324	BOY
EOY	1223619	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1313337	BOY
EOY	1283812	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	1205890	BOY
EOY	1230886	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1867	BOY
EOY	3018	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1207757	BOY
EOY	1233904	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	73318	BOY
EOY	24605	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
EOY	25303	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	32262	BOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	105580	BOY
EOY	49908	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1313337	BOY
EOY	1283812	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-55672	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 Minus3 Years	120814	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1049	CurrentTaxYearMinus2Years
Total	121863	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	61898	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	75918	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	83382	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	95989	CurrentTaxYearMinus1Year
Current Tax Year	88788	CurrentTaxYear
Total	405975	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	61898	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	196732	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	84431	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	95989	CurrentTaxYearMinus1Year
Current Tax Year	88788	CurrentTaxYear
Total	527838	Total

Field	Value	IRS element (for citing)
Public Support Total509	527838	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1184	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	65	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	275	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	261	CurrentTaxYearMinus1Year
Current Tax Year	276	CurrentTaxYear
Total	2061	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1184	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	65	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	275	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	261	CurrentTaxYearMinus1Year
Current Tax Year	276	CurrentTaxYear
Total	2061	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Total	529899	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99610	PublicSupportPercentage509
Prior Year Support Percentage	0.98460	PriorYearSupportPercentage
Investment Income Percentage	0.00390	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.01540	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	415657	InvestmentCostOrOtherBasis
Book Value	415657	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	1065591	InvestmentCostOrOtherBasis
Depreciation	257629	Depreciation
Book Value	807962	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1223619	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Other Current Liabilites	Description
Amount	$3,018	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	3018	TotalOfAmounts

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
FRANK GISO
Director/Officer	65325	Mortgage Payments to Melrose Coop	false
JIM OOSTERMAN
Director/Officer/Key Employee	65325	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 11a	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 0.
Form 990, Part IX, Line 24f	N. SUBURBAN CONSORTIUM FEE 3515. 3515. 0. 0. REALTORS COMMISSIONS 2000. 2000. 0. 0.