COOLIDGE APARTMENTS CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: COOLIDGE APARTMENTS CORPORATION (EIN 03-0344036)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-06-15
IRS object ID: 201241679349300604
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 B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-06-15T08:28:36-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	203690847	EIN

Preparer Firm Business Name PreparerFirmBusinessName

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

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	324 GANNETT DRIVE	AddressLine1
City	SOUTH PORTLAND	City
State	ME	State
ZIP Code	04106	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	030344036	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	COOLIDGE APARTMENTS CORPORATION	BusinessNameLine1
Business Name Line2	C/O WHITE RIVER COUNCIL ON AGING	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	COOL	NameControl
Phone	6036412163	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	262 NORTH MAIN STREET	AddressLine1
City	WHITE RIVER JUNCTION	City
State	VT	State
ZIP Code	05001	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LEONARD K BROWN	Name
Title	PRESIDENT	Title
Phone	6036412163	Phone
Date Signed	2012-06-15	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	THOMAS GIOIA	Name
PTIN	P00158110	PTIN
Phone	2077801100	Phone

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	LEONARD K BROWN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	262 NORTH MAIN STREET	AddressLine1
City	WHITE RIVER JUNCTION	City
State	VT	State
ZIP Code	05001	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	97070	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1994	YearFormation
State Legal Domicile	VT	StateLegalDomicile
Activity Or Mission Description	LOW INCOME HOUSING	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	43769	ContributionsGrantsPriorYear
Contributions Grants Current Year	43690	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	54546	ProgramServiceRevenuePriorYear
Program Service Revenue CY	53240	ProgramServiceRevenueCY
Investment Income Prior Year	139	InvestmentIncomePriorYear
Investment Income Current Year	140	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	98454	TotalRevenuePriorYear
Total Revenue Current Year	97070	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	0	SalariesEtcPriorYear
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	100420	OtherExpensePriorYear
Other Expenses Current Year	107871	OtherExpensesCurrentYear
Total Expenses Prior Year	100420	TotalExpensesPriorYear
Total Expenses Current Year	107871	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-1966	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-10801	RevenuesLessExpensesCY
Total Assets BOY	802336	TotalAssetsBOY
Total Assets EOY	791063	TotalAssetsEOY
Total Liabilities BOY	804718	TotalLiabilitiesBOY
Total Liabilities EOY	804246	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-2382	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-13183	NetAssetsOrFundBalancesEOY
Mission Description	LOW INCOME HOUSING FOR THE ELDERLY	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	107871	Expense
Revenue	53240	Revenue
Description	PROVIDE 14 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY	Description
Total Program Service Expense	107871	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	0	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	0	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	0	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	0	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	STEWART PROPERTY MANAGEMENT INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6036412163	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2 COTE LANE SUITE 3	AddressLine1
City	BEDFORD	City
State	NH	State
ZIP Code	03110	ZIPCode

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

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
LEONARD K BROWN
PRESIDENT	5.00	X	X	0	0	0
PHYLLIS BETTIS
TREASURER	5.00	X	X	0	0	0
THERESA CHESBRO
SECRETARY	5.00	X	X	0	0	0
REV MARGARET L STODDARD
VICE PRESIDENT	5.00	X	X	0	0	0
EMILY SANTAW
DIRECTOR	5.00	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Government Grants	43690	GovernmentGrants
Total Contributions	43690	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENT	531110	51018	51018
LAUNDRY INCOME	531110	2222	2222

Field	Value	IRS element (for citing)
Total Program Service Revenue	53240	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	140	TotalRevenueColumn
Exclusion	$140	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	97070	TotalRevenueColumn
Related Or Exempt Function Income	53240	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$140	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	8568	Total
Program Services	8568	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	190	Total
Program Services	190	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	5200	Total
Program Services	5200	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	778	Total
Program Services	778	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	21436	Total
Program Services	21436	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	5974	Total
Program Services	5974	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
MAINTENANCE	31859	31859
UTILITIES	20783	20783
TAXES	6634	6634
ADMINISTRATIVE EXPENSES	5257	5257

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1192	Total
Program Services	1192	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	107871	Total
Program Services	107871	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	103326	BOY
EOY	112565	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1310	BOY
EOY	1282	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1006578	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	335282	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	691886	BOY
EOY	671296	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	5814	BOY
EOY	5920	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	802336	BOY
EOY	791063	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2453	BOY
EOY	2137	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	710	BOY
EOY	417	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	801555	BOY
EOY	801692	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	804718	BOY
EOY	804246	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-2382	BOY
EOY	-13183	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-2382	BOY
EOY	-13183	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	802336	BOY
EOY	791063	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-10801	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	1	FederalGrantAuditRequired
Federal Grant Audit Performed	1	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	41153	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	40452	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	44732	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	43769	CurrentTaxYearMinus1Year
Current Tax Year	43690	CurrentTaxYear
Total	213796	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	41153	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	40452	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	44732	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	43769	CurrentTaxYearMinus1Year
Current Tax Year	43690	CurrentTaxYear
Total	213796	Total

Field	Value	IRS element (for citing)
Public Support Total170	213796	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1347	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	491	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	242	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	139	CurrentTaxYearMinus1Year
Current Tax Year	140	CurrentTaxYear
Total	2359	Total

Field	Value	IRS element (for citing)
Total Support	216155	TotalSupport
Gross Receipts From Admissions Etc	257814	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.98910	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.98500	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

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)
Other Cost Or Other Basis	160000	OtherCostOrOtherBasis
Book Value	160000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	846578	OtherCostOrOtherBasis
Depreciation	335282	Depreciation
Book Value	511296	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	671296	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
CAPITAL ADVANCE	$795,800
TENANT SECURITY DEPOSIT	$5,892

Field	Value	IRS element (for citing)
Total Of Amounts	801692	TotalOfAmounts
Total Revenue	97070	TotalRevenue
Total Expenses	107871	TotalExpenses
Excess Or Deficit For Year	-10801	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-10801	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	97070	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	97070	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	97070	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	107871	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	107871	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	107871	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Return ReferenceReturnReference	ExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 6	THE BOARD OF DIRECTORS ARE THE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS ELECT THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11	NO REVIEW IS CONDUCTED.
FORM 990, PART VI, SECTION C, LINE 19	ALL ORGANIZING AND OPERATING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.