ONEHOLYOKE COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- ONEHOLYOKE COMMUNITY DEVELOPMENT CORPORATION (EIN 23-7168031)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-11
- IRS object ID
- 201130429349301508
- Schema version
- 2009v1.7
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-11T13:56:02-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Meyers Brothers Kalicka PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 Whitney Ave Suite 800 | AddressLine1 |
| City | Holyoke | City |
| State | MA | State |
| ZIP Code | 01040 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237168031 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLDE HOLYOKE DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OLDE | NameControl |
| Phone | 4135337101 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LYMAN STREET | AddressLine1 |
| City | HOLYOKE | City |
| State | MA | State |
| ZIP Code | 01040 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD COURCHESNE | Name |
| Title | PRESIDENT | Title |
| Phone | 4135337101 | Phone |
| Date Signed | 2011-01-19 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HOWARD L CHENEY | Name |
| Phone | 4135368510 | Phone |
| Date Prepared | 2011-01-19 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD COURCHESNE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LYMAN STREET | AddressLine1 |
| City | HOLYOKE | City |
| State | MA | State |
| ZIP Code | 01040 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1948435 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1972 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | to help develop low and moderate income housing and assist the expansion of business in holyoke, ma. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 6 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 913301 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 671931 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 897931 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 888480 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -505151 | InvestmentIncomePriorYear |
| Investment Income Current Year | -577291 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1306081 | TotalRevenuePriorYear |
| Total Revenue Current Year | 983120 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 172410 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 111300 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 373266 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 388553 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 839063 | OtherExpensePriorYear |
| Other Expenses Current Year | 827165 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1384739 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1327018 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -78658 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -343898 | RevenuesLessExpensesCY |
| Total Assets BOY | 5668165 | TotalAssetsBOY |
| Total Assets EOY | 5525854 | TotalAssetsEOY |
| Total Liabilities BOY | 175006 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 242593 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5493159 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5283261 | NetAssetsOrFundBalancesEOY |
| Mission Description | To further the development of low and moderate income housing, to assist in the expansion of locally-owned business enterprises and to provide other assistance for the improvement of residential and business property in Holyoke, Massachusetts. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 686140 | Expense |
| Revenue | 887115 | Revenue |
| Description | Provided 128 rental units for rent for low to moderate income individuals. Aproximately 57 tenants receive subsidized rental assistance from various agencies. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 157349 | Expense |
| Grants | 111300 | Grants |
| Description | Nip Grant Program - To assist homeowners with home improvement projects to improve the overall quality of life in the City of Holyoke. Homeowners paid $153,735 of their own funds toward qualified home improvements. Grant funds of $111,300 were expended on qualified home improvements in addition to the homeowner contributions. This program resulted in $265,035 of home repairs to 42 homeowners in Holyoke, MA. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 197532 | Expense |
| Revenue | 1365 | Revenue |
| Description | Home Investment Partnership Program - Received $489,364 of Grant Funds from the "Home Program". This program provided new affordable housing ownership for low-income persons. Three two-family duplex homes were constructed and sold to low-income residents of the City of Holyoke. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 44111 | Expense |
| Description | Hadley falls Company RestorationHadley Falls Conversion ProgramRental Neighborhood Incentive Program | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 44111 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 1085132 | 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 | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 27 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 6 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| 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 |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | 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 | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | 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 | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANNa MARIE TEMKIN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4135337101 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LYMAN STREET | AddressLine1 |
| City | Holyoke | City |
| State | MA | State |
| ZIP Code | 01040 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RICHARD COURCHESNE | ||||||
| PRESIDENT & DIRECTOR | 35.00 | X | X | 86625 | 16808 | 15803 |
| LEON ELFMAN | ||||||
| CLERK AND DIRECTOR | 1.00 | X | X | 0 | 0 | 0 |
| REV JAMES AHERN MS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WALTER NALESNIK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GARY L JORDAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MAURICE N LACASSE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RAYMOND P MURPHY JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DARYL D GEOFFREY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARC COURNOYER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANNA MARIE TEMKIN | ||||||
| TREASURER | 35.00 | X | 42906 | 11474 | 14111 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 129531 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 28282 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 29914 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| WESTCHESTER MODULAR HOMES | |||||
| 30 REAGANS MILL ROAD | WINGDALE | NY | 12594 | CONSTRUCTION | 267860 |
| RIVERSIDE DEVELOPMENT CORPORATION | |||||
| 70 LYMAN STREET | HOLYOKE | MA | 01040 | PURCHASED SERVICES | 137652 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Government Grants | 671931 | GovernmentGrants |
| Total Contributions | 671931 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RENTAL INCOME | 531110 | 850891 | 850891 |
| LOW-INCOME HOUSING MGT | 531110 | 36224 | 36224 |
| INSPECTION FEES | 531110 | 1365 | 1365 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 888480 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 58324 | TotalRevenueColumn |
| Exclusion | $58,324 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 329700 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 965315 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -635615 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -635615 | TotalRevenueColumn |
| Related Or Exempt Function Income | -635615 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 983120 | TotalRevenueColumn |
| Related Or Exempt Function Income | 252865 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $58,324 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111300 | Total |
| Program Services | 111300 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173322 | Total |
| Management And General | 173322 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126597 | Total |
| Program Services | 126597 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15225 | Total |
| Program Services | 15225 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50209 | Total |
| Program Services | 50209 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23200 | Total |
| Program Services | 11600 | ProgramServices |
| Management And General | 11600 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2656 | Total |
| Management And General | 2656 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20000 | Total |
| Management And General | 20000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 675 | Total |
| Program Services | 675 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1223 | Total |
| Program Services | 1223 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34967 | Total |
| Program Services | 25096 | ProgramServices |
| Management And General | 9871 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33014 | Total |
| Program Services | 27984 | ProgramServices |
| Management And General | 5030 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9274 | Total |
| Program Services | 6955 | ProgramServices |
| Management And General | 2319 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1663 | Total |
| Program Services | 1663 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 164926 | Total |
| Program Services | 164926 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12188 | Total |
| Program Services | 9629 | ProgramServices |
| Management And General | 2559 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| RENTAL EXPENSES | 529128 | 529128 | |
| MISCELLANEOUS | 17186 | 2922 | 14264 |
| TAXES - OTHER | 265 | 265 | |
| LOSS ON FORGIVENESS OF | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1327018 | Total |
| Program Services | 1085132 | ProgramServices |
| Management And General | 241886 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 266465 | BOY |
| EOY | 317430 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1414725 | BOY |
| EOY | 1751729 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 278601 | BOY |
| EOY | 87878 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1725043 | BOY |
| EOY | 1613940 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25164 | BOY |
| EOY | 24443 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4656944 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3029471 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1740863 | BOY |
| EOY | 1627473 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24966 | BOY |
| EOY | 24966 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192338 | BOY |
| EOY | 77995 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5668165 | BOY |
| EOY | 5525854 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68028 | BOY |
| EOY | 143474 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53531 | BOY |
| EOY | 60699 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53447 | BOY |
| EOY | 38420 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175006 | BOY |
| EOY | 242593 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2126281 | BOY |
| EOY | 1970965 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 623918 | BOY |
| EOY | 524982 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2742960 | BOY |
| EOY | 2787314 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5493159 | BOY |
| EOY | 5283261 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5668165 | BOY |
| EOY | 5525854 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 653597 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 572786 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 370390 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 913301 | CurrentTaxYearMinus1Year |
| Current Tax Year | 671931 | CurrentTaxYear |
| Total | 3182005 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 653597 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 572786 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 370390 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 913301 | CurrentTaxYearMinus1Year |
| Current Tax Year | 671931 | CurrentTaxYear |
| Total | 3182005 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 3182005 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 82811 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 85392 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 84812 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 66653 | CurrentTaxYearMinus1Year |
| Current Tax Year | 58324 | CurrentTaxYear |
| Total | 377992 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 3559997 | TotalSupport |
| Gross Receipts From Admissions Etc | 4358114 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.89380 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.89530 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4439629 | OtherCostOrOtherBasis |
| Depreciation | 2853975 | Depreciation |
| Book Value | 1585654 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 217315 | OtherCostOrOtherBasis |
| Depreciation | 175496 | Depreciation |
| Book Value | 41819 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1627473 | TotalOfBookValueLandBuildings |
| Total Revenue | 983120 | TotalRevenue |
| Total Expenses | 1327018 | TotalExpenses |
| Excess Or Deficit For Year | -343898 | ExcessOrDeficitForYear |
| Other | $134,000 | OtherAmount |
| Total Adjustments | 134000 | TotalAdjustments |
| Excess Or Deficit Per FS | -209898 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1123640 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 1123640 | RevenueSubtotal |
| Other Revenues Not Included | -140520 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -140520 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 983120 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1333538 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 6520 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 6520 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1327018 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1327018 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part IV, Line 2b: | THE ORGANIZATION HOLDS REFUNDABLE TENANT SECURITY DEPOSITS. |
| Part XI, Line 8 - Other Adjustments: | NET ADJUSTMENT FOR RESERVES ON PROJECT COSTS: 134000. |
| Part XII, Line 4b - Other Adjustments: | bad debt netted against revenue: -6520. net adjustment on reserves: -134000. |
| Part XIII, Line 2d - Other Adjustments: | bad debt netted with revenue: 6520. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | GRANTS TO LOW INCOME HOME OWNERS FOR HOME REPAIRS | TypeOfGrant |
| Number Of Recipients | 42 | NumberOfRecipients |
| Amount Of Cash Grant | 111300 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: income eligibility information is obtained from each applicant to determine amount of grant available to each applicant | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | THE FORM 990 WILL BE REVIEWED BY THE TREASURER AND PRESIDENT AND A COPY WILL BE PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. | |
| FORM 990, PART VI, LINE 15: The Organization has not had any turnover in its top management positions in over 10 years. They use Holyoke Housing Authority's rates for raises. | ||
| Form 990, Part VI, Section C, line 18 | THESE FORMS ARE AVAILABLE ON GUIDESTAR.ORG AND AT THE ORGANIZATION UPON REQUEST. | |
| Form 990, Part VI, Section C, line 19 | AVAILABLE UPON REQUEST | |
| form 990, part xi, line 2c | no changes, board oversees audit of financial statements | any change since prior year |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|
| Riverside Development Inc | ||||||||
| 70 lyman street | holyoke | MA | 01040 | 237320953 | purchased services | MA | 501(c)4 | |
| Contemporary Apartments Inc | ||||||||
| 70 lyman street | holyoke | MA | 01040 | 043067827 | low-income housing | MA | 501(c)3 | 509(a)2 |
| elms inc | ||||||||
| 70 lyman street | holyoke | MA | 01040 | 222475565 | low-income housing | MA | 501(c)3 | 509(a)2 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | design homes inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 lyman street | AddressLine1 |
| City | holyoke | City |
| State | MA | State |
| ZIP Code | 01040 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042976297 | EIN |
| Primary Activity | inactive | PrimaryActivity |
| Legal Domicile State | MA | LegalDomicileState |
| Type Of Entity | C | TypeOfEntity |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Contemporary Apartments Inc- loan repayment | |
| E | 111795 |
| elms inc | |
| D | 5330 |
| elms inc | |
| A | 1017 |
| elms inc | |
| K | 32887 |
| design homes inc- loan repayment | |
| D | 2091 |
| contemporary Apartments Inc | |
| A | 42924 |
| riverside development- purchased services | |
| L | 137652 |
| riverside development | |
| D | 528 |