2025-07-15T14:53:10-05:00 2024-08-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-09-01 043272953 MISSION SPRINGS HOUSING FOR THE ELDERLY INC % THE COMMUNITY BUILDERS MISS 8572218600 33 ARCH STREET STE 1000 10TH FL BOSTON MA 02110 JOHN DOHERTY TREASURER 8572218600 2025-07-15 1 1 JOLANTA TUCK P01340068 7813803520 2025-06-25 2023 2025-03-06 01:10:19Z X ALLEN GOLDBERG 33 ARCH STREET STE 1000 10TH FL BOSTON MA 02110 962958 0 X N/A X 1995 MA PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY 7 7 0 7 0 0 478496 516743 409040 434386 1608 2716 11148 9113 900292 962958 0 0 0 0 0 0 0 0 0 901010 957672 901010 957672 -718 5286 4133267 4084261 671373 617081 3461894 3467180 TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 0 0 862101 443499 TO PURCHASE, REHABILITATE, OWN AND OPERATE 75 UNITS OF AFFORDABLE HOUSING FOR ELDERLY PERSONS OF LOW INCOME IN HOLLISTON, MA. 862101 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 MA X JOHN DOHERTY 8572218600 33 ARCH STREET SUITE 1000 10TH BOSTON MA 02110 X ALLEN GOLDBERG PRESIDENT 0.20 X X 0 0 0 JEFFREY LELAND DIRECTOR 0.20 X 0 0 0 JOEL BAUMAN DIRECTOR 0.20 X 0 0 0 JOHN DOHERTY TREASURER 0.20 X X 0 0 0 JONATHAN JUHL DIRECTOR 0.20 X 0 0 0 MARTHA CUMMINGS CLERK 0.20 X X 0 0 0 SUZANNE SHANNAHAN VICE PRESIDENT 0.20 X X 0 0 0 0 0 0 0 0 0 0 THE COMMUNITY BUILDERS INC 185 DARTMOUTH STREET BOSTON MA 02116 MANAGEMENT SERVICES 271765 1 516743 516743 TENANT RENTS 531110 434386 434386 434386 2716 2716 LAUNDRY & VENDING 812300 8813 8813 TENANT CHARGES 531110 300 300 9113 962958 443499 0 2716 X 79993 79993 634 634 15578 15578 180313 180313 143 143 36169 36169 369220 369220 506 506 201450 201450 SERVICE EXPENSES 73416 73416 MISC TAXES, LICENSES, P 250 250 957672 862101 95571 0 8350 3914 60241 537 35086 41223 7775371 4715816 3226815 3059555 802775 979032 4133267 4084261 132538 78043 4025 2490 34810 36548 500000 500000 671373 617081 X 3461894 3467180 3461894 3467180 4133267 4084261 5286 0 X 0 1 X 1 1 1 X 452002 469132 489474 478496 516743 2405847 362206 351117 361156 409040 434386 1917905 814208 820249 850630 887536 951129 4323752 0 0 0 4323752 103 128 129 1608 2716 4684 103 128 129 1608 2716 4684 11118 6995 7803 11148 9113 46177 825429 827372 858562 900292 962958 4374613 0.98840 0.98880 0.00110 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 600000 600000 7072792 4614073 2458719 102579 101743 836 3059555 SECURITY DEPOSITS 37294 REPLACEMENT RESERVES 919779 ESCROWS 21959 979032 X 962958 0 962958 0 962958 957672 0 957672 0 957672 PART IV, LINE 2B: THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF AUGUST 31, 2024, 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 FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, FISCAL YEARS SINCE 2021 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT IS MANAGED BY THE COMMUNITY BUILDERS, INC. THE CORPORATION INCURRED A MANAGEMENT FEE OF $79,993 FOR THE YEAR ENDED AUGUST 31, 2024. THE MANAGEMENT FEE IS EQUAL TO 8.45% OF EFFECTIVE GROSS INCOME. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR THE SPONSOR AGENCY. FORM 990, PART VI, SECTION B, LINE 11B AN OFFICER OF MANAGEMENT COMPANY - THE COMMUNITY BUILDERS, INC REVIEWS THE 990. IT IS THE PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 CURRENTLY THE OFFICERS, KEY EMPLOYEES AND DIRECTORS RECEIVE NO COMPENSATION FROM THE ORGANIZATION OR FROM RELATED ORGANIZATIONS. IF AND WHEN THE OFFICERS OR KEY EMPLOYEES ARE COMPENSATED IT WILL BE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 180,313. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180,313.