2024-08-12T16:00:21-05:00 2023-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2023-01-01 222753637 COMMONWEALTH LAND TRUST INC COMM 6174454075 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 IVA COMEY PRESIDENT/CEO 6174454075 2024-08-11 0 COLLEEN DALFONSO P01707306 6172629898 2024-08-11 2023 2024-08-08 14:25:15Z IVA COMEY 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 7547410 0 X COMMONWEALTHLANDTRUST.ORG X 1985 MA LOW INCOME HOUSING. 10 9 65 0 0 0 3510219 5032504 3579619 2384227 853 2280 148538 128399 7239229 7547410 0 0 0 0 2618798 3360264 0 0 0 3375503 3592187 5994301 6952451 1244928 594959 30569151 29886402 18428875 17151167 12140276 12735235 TO PROVIDE SAFE, AFFORDABLE HOUSING FOR THE PEOPLE WHO ARE MOST VULNERABLE IN OUR SOCIETY - LOW-INCOME AND SINGLE PARENT FAMILIES, THE MENTALLY AND PHYSICALLY DISABLED, THE HOMELESS, AND PEOPLE WITH HIV AND AIDS 0 0 4035805 2512626 REAL ESTATE OPERATIONS - INCLUDES THE ORGANIZATION'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, SERVING HOMELESS AND LOW TO MODERATE INCOME FAMILIES. 1854605 SUPPORTIVE HOUSING/CASE MANAGEMENT - INCLUDES THE ORGANIZATION'S SUPPORTIVE HOUSING PROGRAMS SERVING HOMELESS, DISABLED AND LOW-INCOME INDIVIDUAL RESIDENTS THAT STRUGGLE WITH MULTIPLE HEALTH PROBLEMS, INCLUDING PHYSICAL DISABILITIES, MENTAL HEALTH CHALLENGES, ADDICTIONS, AND HIV/AIDS. 5890410 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 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 1 1 1 1 0 0 1 31 0 1 65 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X THE ORGANIZATION 6174454075 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 IVA COMEY PRESIDENT/CEO 40.00 1.00 X X 194462 0 0 ALBERTO CHANG LCSW DIRECTOR 0.50 1.00 X 0 0 0 ALEXANDER SCHULTZ VICE CHAIR 0.50 1.00 X X 0 0 0 ALEXANDRA SCHWEITZER DIRECTOR 0.50 1.00 X 0 0 0 DAVID ROSENBLATT DIRECTOR 0.50 1.00 X 0 0 0 BRUCE HENDERSON CHAIR 0.50 1.00 X X 0 0 0 MARVA SEROTKIN DIRECTOR 0.50 1.00 X 0 0 0 DAVID HALE CLERK 0.50 1.00 X X 0 0 0 TAMIRIRASHE GAMBIZA TREASURER 0.50 1.00 X X 0 0 0 AMANDA WALL DIRECTOR 0.50 1.00 X 0 0 0 MONICA JUSCEN CFO 40.00 1.00 X 165756 0 1476 BRENDA WILSON DIR OF HOUSING 40.00 X 125535 0 1530 ELISE RANGER DIR OF CLINICAL SERVICES 40.00 X 127527 0 894 STEVE WILKENS DIR OF OUTREACH 40.00 X 118794 0 1530 NOAH M FRIGAULT DIR OF SPECIAL INITIATIVES 40.00 X 118720 0 0 850794 0 5430 6 0 1 0 0 5032504 5032504 RENTAL INCOME 531390 2344992 2344992 INTEREST PROGRAMATIC 531390 34292 34292 PROGRAM SERVICE FEES 531390 4943 4943 2384227 2280 2280 OTHER REVENUE 531390 128399 128399 128399 7547410 2512626 0 2280 2773193 2065425 707768 287056 213794 73262 300015 223446 76569 81307 81307 332691 283555 49136 120473 102647 17826 849999 835883 14116 8464 4332 4132 380768 380768 551196 549113 2083 185672 183802 1870 PROGRAM EXPENSE 581509 581509 REAL ESTATE TAXES 215568 215568 MISCELLENEOUS 150695 116723 33972 BAD DEBT 109948 109948 23897 23897 6952451 5890410 1062041 0 4828946 3929362 1518821 1306386 1582211 7448346 7117049 138889 244597 19751569 5627153 13836198 14124416 3010386 1369946 30569151 29886402 558291 391185 33016 43497 111450 85319 15985470 14590817 1740648 2040349 18428875 17151167 X 12140276 12585235 150000 12140276 12735235 30569151 29886402 594959 0 X X 0 1 X 1 0 X 1299612 1372057 3415105 3510219 5032504 14629497 1299612 1372057 3415105 3510219 5032504 14629497 14629497 9309 37377 38449 853 2386507 2472495 66221 156973 71817 148538 128399 571948 17673940 0.82770 0.94770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 66,221. 2020 AMOUNT: $ 156,973. 2021 AMOUNT: $ 71,817. 2022 AMOUNT: $ 148,538. 2023 AMOUNT: $ 128,399. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 X 3554333 3554333 16011215 5481135 10530080 186021 146018 40003 14124416 ACCRUED INTEREST 1910505 DUE TO RELATED PARTIES 129844 2040349 X PART IV, LINE 2B: SECURITY DEPOSITS CONSIST OF TENANT SECURITY DEPOSITS COLLECTED AT MOVE-IN. THESE FUNDS ARE REFUNDED TO THE TENANTS UPON MOVE-OUT. PART X, LINE 2: THE ORGANIZATION EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT DECEMBER 31, 2023, THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX YEARS (2020 - 2022). 0 0 0 0 0 0 0 0 0 IVA COMEY PRESIDENT/CEO 194462 0 0 0 0 0 0 0 0 0 194462 0 0 0 MONICA JUSCEN CFO 165756 0 0 0 0 0 0 0 1476 0 167232 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CFO AND THE PRESIDENT/CEO OF COMMONWEALTH LAND TRUST. A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THE POLICY ON A CASE BY CASE BASIS FORM 990, PART VI, SECTION B, LINE 15A COMPARABILITY DATA FOR THE CEO IS REVIEWED ANNUALLY IN THE FORM OF PUBLICALLY ACCESSIBLE 990S FROM SIMILAR BOSTON-AREA ORGANIZATIONS. WHENEVER THIS RESEARCH IS CONDUCTED, IT IS CLEAR THAT CLT'S CEO IS (SIGNIFICANTLY) UNDERCOMPENSATED RELATIVE TO HER PEERS IN THE INDUSTRY OPERATING SIMILAR-SIZED ORGANIZATIONS INVOLVED IN SIMILAR TYPES OF WORK/MISSION. THIS INFORMATION IS COMMUNICATED TO CLT'S BOARD (WHO ARE ALSO WELL-AWARE, GIVEN THEIR EXPERIENCE AND CONNECTIONS IN THE SECTOR, THAT THE CEO IS UNDERCOMPENSATED) TO SEEK THEIR APPROVAL PRIOR TO ANY INCREASES TO THE CEO'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. WINDSOR HOUSE LODGING LIMITED LIABILITY COMPANY 1059 TREMONT STREET SUITE 2 BOSTON MA 02120 200360446 HOUSING FOR LOW INCOME, DISABLED AND FORMERLY HOMELESS MA 609024 2358418 COMMONWEALTH LAND TRUST INC ROXBURY CORNER LLC 1059 TREMONT STREET SUITE 2 BOSTON MA 02120 465403836 HOUSING FOR LOW INCOME, DISABLED AND FORMERLY HOMELESS MA 1961688 10451434 COMMONWEALTH LAND TRUST INC WARREN STREET LLC 1059 TREMONT STREET SUITE 2 BOSTON MA 02120 001528226 HOUSING FOR LOW INCOME, DISABLED AND FORMERLY HOMELESS MA 239414 2483601 COMMONWEALTH LAND TRUST INC 123 CRAWFORD STREET INC 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 043178329 LOW INCOME HOUSING MA 501(C)(3) LINE 10 COMMONWEALTH LAND TRUST INC 1 BOWDOIN MANOR HOUSING INC 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 823536947 LOW INCOME HOUSING MA 501(C)(3) LINE 7 COMMONWEALTH LAND TRUST INC 1 LOWER ROXBURY APARTMENTS LIMITED PARTNERSHIP 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 010788318 OPERATE LOW INCOME HOUSING IN BOSTON MA COMMONWEALTH LAND TRUST INC RELATED 1758138 7224862 0 1 1.00000 CGM LIMITED PARTNERSHIP 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 043296172 OPERATE LOW INCOME HOUSING IN BOSTON MA COMMONWEALTH LAND TRUST INC RELATED 609462 2154864 0 1 1.00000 CGM INC 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 043296170 PROVIDE ADMINISTRATIVE OVERSIGHT OF CGM LP WHICH OPERATES LOW-INCOME HOUSING MA COMMONWEALTH LAND TRUST INC C 1.00000 1 LOWER ROXBURY APARTMENTS INC 1059 TREMONT STREET SUITE 2 ROXBURY MA 02120 010788314 SERVES AS A GENERAL PARTNER OF LOWER ROXBURY APARTMENTS LP MA COMMONWEALTH LAND TRUST INC C 9 1.00000 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0 123 CRAWFORD STREET INC D 823085 FMV BOWDOIN MANOR HOUSING INC D 608349 FMV BOWDOIN MANOR HOUSING INC L 123740 FMV CGM LIMITED PARTNERSHIP D 6211541 FMV LOWER ROXBURY APARTMENT LP D 1677789 FMV LOWER ROXBURY APARTMENT LP D 404882 FMV