2011-02-11T13:56:02-06:00 2010-06-30 Meyers Brothers Kalicka PC 330 Whitney Ave Suite 800 Holyoke MA 01040 990 2009-07-01 237168031 OLDE HOLYOKE DEVELOPMENT CORPORATION OLDE 4135337101 70 LYMAN STREET HOLYOKE MA 01040 RICHARD COURCHESNE 4135337101 2011-01-19 1 HOWARD L CHENEY 4135368510 2011-01-19 2009 2016-02-24 21:20:13Z RICHARD COURCHESNE 70 LYMAN STREET HOLYOKE MA 01040 1948435 0 X N/A X 1972 MA to help develop low and moderate income housing and assist the expansion of business in holyoke, ma. 9 8 6 0 0 0 913301 671931 897931 888480 -505151 -577291 0 1306081 983120 172410 111300 0 373266 388553 0 0 839063 827165 1384739 1327018 -78658 -343898 5668165 5525854 175006 242593 5493159 5283261 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. 0 0 686140 887115 Provided 128 rental units for rent for low to moderate income individuals. Aproximately 57 tenants receive subsidized rental assistance from various agencies. 157349 111300 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. 197532 1365 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. 44111 Hadley falls Company RestorationHadley Falls Conversion ProgramRental Neighborhood Incentive Program 44111 1085132 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 27 0 6 1 0 0 0 0 0 0 0 9 8 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 MA X ANNa MARIE TEMKIN 4135337101 70 LYMAN STREET Holyoke MA 01040 RICHARD COURCHESNE 35.00 X X 86625 16808 15803 LEON ELFMAN 1.00 X X 0 0 0 REV JAMES AHERN MS 1.00 X 0 0 0 WALTER NALESNIK 1.00 X 0 0 0 GARY L JORDAN 1.00 X 0 0 0 MAURICE N LACASSE 1.00 X 0 0 0 RAYMOND P MURPHY JR 1.00 X 0 0 0 DARYL D GEOFFREY 1.00 X 0 0 0 MARC COURNOYER 1.00 X 0 0 0 ANNA MARIE TEMKIN 35.00 X 42906 11474 14111 129531 28282 29914 0 0 0 0 WESTCHESTER MODULAR HOMES 30 REAGANS MILL ROAD WINGDALE NY 12594 CONSTRUCTION 267860 RIVERSIDE DEVELOPMENT CORPORATION 70 LYMAN STREET HOLYOKE MA 01040 PURCHASED SERVICES 137652 2 671931 671931 RENTAL INCOME 531110 850891 850891 LOW-INCOME HOUSING MGT 531110 36224 36224 INSPECTION FEES 531110 1365 1365 888480 58324 58324 329700 965315 -635615 -635615 -635615 983120 252865 0 58324 111300 111300 173322 173322 126597 126597 15225 15225 50209 50209 23200 11600 11600 2656 2656 20000 20000 675 675 1223 1223 34967 25096 9871 33014 27984 5030 9274 6955 2319 1663 1663 164926 164926 12188 9629 2559 RENTAL EXPENSES 529128 529128 MISCELLANEOUS 17186 2922 14264 TAXES - OTHER 265 265 LOSS ON FORGIVENESS OF 0 1327018 1085132 241886 0 266465 317430 1414725 1751729 278601 87878 1725043 1613940 25164 24443 4656944 3029471 1740863 1627473 24966 24966 192338 77995 5668165 5525854 68028 143474 53531 60699 53447 38420 175006 242593 X 2126281 1970965 623918 524982 2742960 2787314 5493159 5283261 5668165 5525854 X 0 1 1 X 1 1 X 653597 572786 370390 913301 671931 3182005 653597 572786 370390 913301 671931 3182005 3182005 82811 85392 84812 66653 58324 377992 3559997 4358114 0.89380 0.89530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 4439629 2853975 1585654 217315 175496 41819 1627473 983120 1327018 -343898 134000 134000 -209898 1123640 0 1123640 -140520 -140520 983120 1333538 6520 6520 1327018 0 1327018 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. 1 GRANTS TO LOW INCOME HOME OWNERS FOR HOME REPAIRS 42 111300 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: income eligibility information is obtained from each applicant to determine amount of grant available to each applicant 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 any change since prior year no changes, board oversees audit of financial statements 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 design homes inc 70 lyman street holyoke MA 01040 042976297 inactive MA C 1.00000 1 0 0 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 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