2024-02-19T08:32:37-06:00 2022-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-01-01 042700069 SOUTH NORFOLK ELDERLY HOUSING SERVICES INC SOUT 7817844025 51 HIXSON FARM ROAD SHARON MA 02067 KEVIN FEENEY CURRENT PRESIDENT 7817844025 2024-02-16 1 KEVIN FEENEY 999009999 1 JOLANTA TUCK CPA P01340068 7813803520 2024-02-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN FEENEY 51 HIXSON FARM ROAD SHARON MA 02067 1143288 0 X N/A X 1980 MA PROVIDE HOUSING TO LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS. X 5 5 0 5 0 0 1878431 920136 308951 221933 565 664 25989 555 2213936 1143288 0 0 0 0 0 0 0 0 0 1676048 1181102 1676048 1181102 537888 -37814 2791417 300201 2747033 68317 44384 231884 X PROVIDE HOUSING TO LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS. 0 1 1110170 222488 99 APARTMENT UNITS RENTED TO LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS. 1110170 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X VELMA COFFEY 7817845355 51 HIXSON FARM ROAD SHARON MA 02067 X VELMA COFFEY PRESIDENT 2.00 X X 0 0 0 PETER FLEMING TREASURER 2.00 X X 0 0 0 ROBERT PANICO CLERK 2.00 X X 0 0 0 KEVIN FEENEY DIRECTOR 2.00 X 0 0 0 EDWIN LITTLE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 PEABODY PROPERTIES 536 GRANITE STREET BRAINTREE MA 02184 MANAGEMENT SERVICES 209270 1 920136 920136 TENANT RENT 532000 221933 221933 221933 664 664 LAUNDRY AND VENDING 900099 412 412 143 143 555 1143288 222488 0 664 X 48590 48590 22342 22342 153338 153338 416 416 29160 29160 747903 747903 90217 90217 RESIDENT SERVICES 42093 42093 47043 47043 1181102 1110170 70932 0 410737 300101 7845 23201 100 0 1768365 581269 0 2791417 300201 145703 14549 16480 19397 2565453 0 53768 2747033 68317 X 44384 231884 44384 231884 2791417 300201 X -37814 225314 X 0 1 X 1 0 X 1712976 1210041 1395807 1878431 920136 7117391 1712976 1210041 1395807 1878431 920136 7117391 7117391 6962 8222 3140 565 664 19553 4570 6292 1328 25989 555 38734 7175678 1462116 0.99190 0.99090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY AND OTHER - 2018 AMOUNT: $ 4,570. 2019 AMOUNT: $ 6,292. 2020 AMOUNT: $ 1,328. 2021 AMOUNT: $ 1,583. 2022 AMOUNT: $ 412. REFUND - 2021 AMOUNT: $ 24,406. OTHER INCOME - 2022 AMOUNT: $ 143. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 DUE TO AFFILIATES 53768 53768 X PART X, LINE 2: SNEHS HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. DUE TO ITS TAX-EXEMPT STATUS, SNEHS IS NOT SUBJECT TO INCOME TAXES. SNEHS IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY SNEHS AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND SNEHS HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY SNEHS ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. 99 UNIT RENTAL PROJECT 2022-06-28 2307225 CARRYING VALUE 999999999 STONY BROOK COURT LIMITED PARTNERSHIP 51 HIXSON FARM ROAD SHARON MA 02067 LIMITED PARTNERSHIP 0 0 0 0 FORM 990, PART III, LINE 3 THE ORGANIZATION TRANSFERRED ITS 99 APARTMENT RENTAL PROJECT TO STONY BROOK COURT LIMITED PARTNERSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY IS MANAGED BY AN UNRELATED PARTY, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 4.25% OF TOTAL EFFECTIVE INCOME, AS DEFINED IN THE AGREEMENT. MANAGEMENT FEES CHARGED TO OPERATIONS DURING THE YEAR ENDED DECEMBER 31, 2022 WERE $48,590. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CPA FIRM AND REVIEWED BY THE PRESIDENT OR TREASURER. THE FORM 990 IS SENT TO ALL DIRECTORS BEFORE BEING ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 153,338. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 153,338. FORM 990, PART XI, LINE 9: NET TRANSFER TO RELATED PARTY 225,314. SOUTH NORFOLK ELDERLY HOUSING SERVICES LLC 51 HIXSON FARM ROAD SHARON MA 02067 999999999 LOW INCOME HOUSING MA 0 0 SOUTH NORFOLK ELDERLY HOUSING SERVICES INC STONY BROOK COURT LIMITED PARTNERSHIP 51 HIXSON FARM ROAD SHARON MA 02067 999999999 LOW INCOME HOUSING MA SOUTH NORFOLK ELDERLY HOUSING SERVICES INC RELATED 0 1 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 STONY BROOK COURT LIMITED PARTNERSHIP E 53768 FMV STONY BROOK COURT LIMITED PARTNERSHIP R 225314 CARRYING VALUE