2022-09-15T12:53:38-05:00 2021-10-31 221478099 COHNREZNICK LLP 10 FORBES ROAD SUITE 200 BRAINTREE MA 02184 990 2020-11-01 412277836 ATWOOD ELDER HOUSING INC ATWO 9786306600 191 MAY STREET WORCESTER MA 01602 BRIAN SCALES PRESIDENT/CEO 9786306600 2022-09-14 1 BRIAN SCALES 999009999 JOLANTA TUCK CPA P01340068 7813803520 2022-09-13 3 AAL1 IAL1 2020 2023-04-26 12:10:37Z BRIAN SCALES 191 MAY STREET WORCESTER MA 01602 357867 0 X N/A X 2008 MA TO PROVIDE 36 UNITS OF AFFORDABLE RESIDENTIAL ELDERLY HOUSING FOR PERSONS IN TOWNSEND, MA. 1 1 0 0 0 0 203753 193343 145815 161226 410 -60647 2925 3210 352903 297132 0 0 0 0 0 0 0 0 0 515420 533277 515420 533277 -162517 -236145 5263830 5031869 1045789 1049973 4218041 3981896 TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR THE ELDERLY IN TOWNSEND, MA. 0 0 486120 164436 TO PROVIDE 36 UNITS OF AFFORDABLE RESIDENTIAL ELDERLY HOUSING FOR PERSONS IN TOWNSEND, MA. 486120 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 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 1 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 MA X BRIAN SCALES 9786306600 191 MAY STREET WORCESTER MA 01602 KAREN KOLLER PRESIDENT/TREASURER 1.00 47.50 X 0 276572 14563 DEBORAH A FOLEY CLERK/RESIDENT AGENT 1.00 41.50 X 0 72043 4285 ANNE STEVENS DIRECTOR 1.00 0.10 X 0 0 0 0 348615 18848 0 0 1 0 RCAP SOLUTIONS INC 191 MAY STREET WORCESTER MA 01620 MANAGEMENT SERVICES 177773 1 193343 193343 RENTAL INCOME 531110 161226 161226 161226 88 88 60735 -60735 -60735 -60735 LAUNDRY INCOME 531110 3210 3210 3210 297132 164436 0 -60647 X 36547 36547 10610 10610 101055 101055 523 523 19330 19330 156689 156689 743 743 195689 195689 1619 1619 SUPPORTIVE SERVICES 9333 9333 BAD DEBT EXPENSE 1139 1139 533277 486120 47157 0 32376 25679 794 8144 6028 5145 6938044 2114066 4909202 4823978 315430 168923 5263830 5031869 32675 35232 296 283 12818 14458 1000000 1000000 1045789 1049973 X 4218041 3981896 4218041 3981896 5263830 5031869 -236145 0 X 0 1 X 1 1 1 X 164336 168350 203316 203753 193343 933098 164336 168350 203316 203753 193343 933098 933098 699 764 787 410 88 2748 23412 2985 2858 2925 3210 35390 971236 725180 0.96070 0.95960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 235. WRITE OFF CONTRUCTION PAYABLE - 2016 AMOUNT: $ 20,908. LAUNDRY INCOME - 2016 AMOUNT: $ 2,504. 2017 AMOUNT: $ 2,985. 2018 AMOUNT: $ 2,858. 2019 AMOUNT: $ 2,690. 2020 AMOUNT: $ 3,210. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 15246 15246 6635983 1829710 4806273 15030 12571 2459 271785 271785 0 4823978 297132 0 297132 0 297132 533277 0 533277 0 533277 PART IV, LINE 2B: THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT. POLICY IS TO COLLECT A SECURITY DEPOSIT OF UP TO ONE MONTH'S RENT FROM THE TENANT. UPON TERMINATION OF THE LEASE, THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES WITH THE REMAINING BALANCE BEING REFUNDED TO THE TENANT. 0 0 0 0 0 0 0 0 0 KAREN KOLLER PRESIDENT/TREASURER 0 265186 0 0 0 11386 0 13525 0 1038 0 291135 0 0 PART I, LINE 3 ANY INDIVIDUALS THAT RECEIVED COMPENSATION ON SCHEDULE J, PART II WERE COMPENSATED BY A RELATED ORGANIZATION DURING CALENDAR YEAR 2020. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -WRITTEN EMPLOYMENT CONTRACT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $32,415, FOR THE YEAR ENDED OCTOBER 31, 2021 TO RCAP. THE MANAGEMENT FEE IS EQUAL TO 9.06% OF TOTAL RESIDENTIAL INCOME AND NON-RESTRICTED MISCELLANEOUS INCOME COLLECTED. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR RCAP. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT COMPANY CEO WORKS CLOSELY WITH THE CPA FIRM AND PROVIDE INFORMATION NECESSARY TO COMPLETE THE 990. THE 990 IS DISCUSSED WITH THE CORPORATION BOARD, HIGHLIGHTING THE IMPORTANCE OF COMPLIANCE WITH IRS REGULATIONS AS IT IS PRESENTED ON THE 990. THE FORM IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS ONCE COMPLETED BY THE CPA FIRM. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC WHEN REQUESTED IN WRITING. REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT OF THE BOARD OF THE DIRECTORS. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 101,055. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,055. RCAP SOLUTIONS INC 191 MAY STREET WORCESTER MA 01602 042454675 RENTAL ASSISTANCE MA 501(C)(3) LINE 7 N/A 0 RCAP SOLUTIONS FINANCIAL SERVICES INC 191 MAY STREET WORCESTER MA 01602 205660521 HOME MODIFICATION LOANS MA 501(C)(3) LINE 12A, I RCAP SOLUTIONS INC 0 HOUSING FOR ROCKDALE ELDERS INC 191 MAY STREET WORCESTER MA 01602 042799671 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 RCAP SOLUTIONS INC 0 HUBBARDSTON ELDERLY HOUSING INC 191 MAY STREET WORCESTER MA 01602 042799669 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 RCAP SOLUTIONS INC 0 TOWNSEND ELDERLY RESIDENCES INC 191 MAY STREET WORCESTER MA 01602 222619885 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 RCAP SOLUTIONS INC 0 WEBSTER HOUSING FOR THE ELDERLY INC 191 MAY STREET WORCESTER MA 01602 222827292 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 RCAP SOLUTIONS INC 0 GROTON AFFORDABLE HOUSING INC 191 MAY STREET WORCESTER MA 01602 222831170 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 RCAP SOLUTIONS INC 0 WORCESTER NEW HORIZONS INC 191 MAY STREET WORCESTER MA 01602 043291646 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 RCAP SOLUTIONS INC 0 HAPCO LLC 191 MAY STREET WORCESTER MA 01602 010688838 LOW INCOME HOUSING RENTAL MA N/A 0 0 ATHOL HOUSING ASSOCIATES 191 MAY STREET WORCESTER MA 01602 010688835 GENERAL PARTNER OF HAPCO, LLC MA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0