2024-05-13T16:34:57-05:00 2023-06-30 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2022-07-01 450489480 CHOICE INC CHOI 9782567425 10 WILSON STREET CHELMSFORD MA 01824 CORNELIA DONAHUE COMTOIS EXECUTIVE DIRECTOR 9782567425 2024-05-07 1 CORNELIA DONAHUE COMTOIS 999009999 0 KRISTEN CUMMINGS P01510495 6178075000 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CORNELIA DONAHUE COMTOIS 10 WILSON STREET CHELMSFORD MA 01824 8018274 0 X NONE X 2002 MA THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES ARE PROVIDING PROGRAMS TO RESIDENTS OF THE CHELMSFORD HOUSING AUTHORITY TO ENHANCE THEIR QUALITY OF LIFE. 5 5 0 5 0 0 4609172 6650748 1136542 1342421 0 0 0 25105 5745714 8018274 0 16711 0 0 0 0 0 0 0 2359686 3018662 2359686 3035373 3386028 4982901 25420325 32134579 22504871 24236224 2915454 7898355 THE ORGANIZATION IS DEDICATED TO THE BETTERMENT OF ALL POPULATIONS SERVICED BY THE CHELMSFORD HOUSING AUTHORITY. IN ADDITION, THE ORGANIZATION WILL FURTHER THE PURPOSE AND MISSIONS OF THE CHA TO DEVELOP HOUSING AND PROGRAMS THAT PROMOTE SELF-SUFFICIENCY. 0 0 282796 15037 THE ORGANIZATION'S TENANT SERVICES PROGRAM PROVIDES ELDERLY RESIDENTS WITH MEALS SERVICES AND OTHER ACTIVITIES AND SERVICES, INCLUDING YOGA CLASSES AND A BEAUTY SALON. 121866 622377 THE ORGANIZATION'S DEVELOPMENT PROGRAM ACQUIRES LAND AND CONSTRUCTS AFFORDABLE HOUSING FOR LOW-INCOME AND ELDERLY INDIVIDUALS AND FAMILIES. 2476411 705007 RENTAL OPERATIONS - THE ORGANIZATION IS THE SOLE MEMBER OF A DOMESTIC LLC THAT OPERATES A 37 UNIT LOW-INCOME HOUSING FACILITY IN CHELMSFORD, MA. ADDITIONALLY, THE RESIDENCES AT 4 JAMES STREET CONSIST OF 5 UNITS OF AFFORDABLE HOUSING FOR HOMELESS FAMILIES. THE GREAT ELMS PROJECT CONSISTS OF 9 UNITS OF AFFORDABLE HOUSING FOR FAMILIES. THE BRIANNA LYN ESTATES CONSISTS OF 16 UNITS OF AFFORDABLE HOUSING FOR FAMILIES. THE PROJECT WAS ACQUIRED FROM A THIRD PARTY BUYER IN JULY 2019. 186843 186843 2881073 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 11 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 1 1 1 1 1 0 0 0 MA X KRISTIN BARSORIAN 9782567425 10 WILSON STREET CHELMSFORD MA 01824 DENISE MARCAURELLE PRESIDENT 1.00 3.00 X X 0 0 0 JUDITH O'CONNOR TREASURER 1.00 3.00 X X 0 0 0 WENDY MAURIELLO CLERK 1.00 3.00 X X 0 0 0 GEORGIANA MUELLER DIRECTOR 1.00 3.00 X 0 0 0 MICHAEL MURRAY DIRECTOR 1.00 3.00 X 0 0 0 CORNELIA DONAHUE COMTOIS EXECUTIVE DIRECTOR 1.00 42.00 X 0 164102 24792 0 164102 24792 0 0 1 0 CHELMSFORD HOUSING AUTHORITY 10 WILSON STREET CHELMSFORD MA 01824 MGT SVCS 1175065 1 1062633 5588115 3326377 6650748 RENTAL OPERATIONS 531110 705007 705007 DEVELOPMENT FEES 531390 283509 283509 INTEREST - NOTES RECEI 531390 123920 123920 MANAGEMENT FEES 531310 113302 113302 MISCELLANEOUS REVENUE 623990 85828 85828 30855 30855 1342421 INSURANCE PROCEEDS NET 900099 25105 25105 25105 8018274 1367526 0 0 X 16711 16711 113597 113597 7546 7546 30216 22488 7728 1345349 1259443 85906 78122 42150 35972 411807 411807 2468 56 2412 100497 100497 807096 805526 1570 93193 80027 13166 RESIDENT SERVICE ACT 22028 22028 BAD DEBTS 6743 6743 3035373 2881073 154300 0 1112302 2170457 102016 242317 2933533 5020500 61598 100954 33115935 10629985 19971058 22485950 0 1239818 2114401 25420325 32134579 338602 455431 79 1235281 85074 111242 21286986 21030967 794130 1403303 22504871 24236224 X 2915454 7898355 2915454 7898355 25420325 32134579 4982901 0 X 0 1 X 1 0 X 414655 472567 466901 597143 3324371 5275637 414655 472567 466901 597143 3324371 5275637 5275637 1845 1798 3643 5279280 4952637 0.99930 0.99820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1610506 1610506 30780946 10201293 20579653 411400 365962 45438 313083 62730 250353 22485950 TENANT SECURITY DEPOSITS 111242 REPLACEMENT RESERVES 1425233 OPERATING DEBT RESERVES 482549 CAPITAL RESERVE 32197 PREPAID LEASE FOR LAND 63180 2114401 OPEB & PENSION LIABILITIES 1403303 1403303 X PART IV, LINE 2B: ESCROW LIABILITY ARRANGEMENT EXPLANATION THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE. PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE OPEN TAX YEARS ARE YEARS ENDED 2020 TO 2022. MANAGEMENT HAS STATED THERE ARE CURRENTLY NO TAX EXAMINATIONS PENDING OR IN PROGRESS. 1 MERRIMACK VALLEY FOOD BANK 735 BROADWAY STREET LOWELL MA 01854 223241609 501(C)(3) 10000 0 TO FURTHER TO MISSION OF THE ORGANIZATION PART I, LINE 2: THE ORGANIZATION CHOOSES WHEN TO MAKE GRANTS TO OTHER NON-PROFIT ORGANIZATIONS AND KEEPS RECORDS OF THE GRANTS AWARDED. 0 0 0 0 0 0 0 0 0 CORNELIA DONAHUE COMTOIS EXECUTIVE DIRECTOR 0 164102 0 0 0 0 0 18198 0 6594 0 188894 0 0 X 1 3326377 COST BASIS OF ASSETS 1 0 0 PART I, LINE 30B: EFFECTIVE MARCH 1, 2023, CHELMSFORD ELDERLY HOUSING PARTNERSHIP, INC. TRANSFERRED ALL ASSETS, LIABILITIES AND NET ASSETS TO CHOICE HOUSING OPPORTUNITIES FOR INTERGENERATIONAL AND COMMUNITY ENDEAVORS, INC. (CHOICE). IN CONNECTION WITH THE TRANSFER, CHOICE ENTERED INTO AN AGREEMENT WITH HUD THAT RESTRICTS THE PROPERTY AS RENTAL HOUSING FOR THE ELDERLY THROUGH JANUARY 1, 2065 AND HUD RELEASED THE ORGANIZATION FROM THE REQUIREMENTS OF THE CAPITAL ADVANCE. AS OF JUNE 30, 2023 CHELMSFORD ELDERLY HOUSING PARTNERSHIP, INC. HAD NO REMAINING ASSETS, LIABILITIES OR NET ASSETS. FORM 990, PART VI, SECTION A, LINE 3 CHOICE CENTER, LLC HAS ENTERED INTO AN AGREEMENT WITH THE CHA TO PROVIDE PROPERTY MANAGEMENT SERVICES. THE CHA RECEIVES AN ANNUAL FEE EQUAL TO 5% OF GROSS REVENUES FROM THE PROJECT. FOR THE YEAR ENDED JUNE 30, 2023, CHOICE CENTER, LLC PAID MANAGEMENT FEES IN THE AMOUNT OF $28,918. CHOICE, INC. HAS ENTERED ALSO INTO AN AGREEMENT WITH THE CHA TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE RESIDENCES AT 4 JAMES STREET. THE CHA RECEIVES AN ANNUAL FEE EQUAL TO 6.00% OF NET EFFECTIVE INCOME, AS DEFINED. FOR THE YEAR ENDED JUNE 30, 2023, CHOICE, INC. PAID MANAGEMENT FEES RELATED TO THE RESIDENCES AT 4 JAMES STREET IN THE AMOUNT OF $6,674. CHOICE, INC. HAS ALSO ENTERED INTO AN AGREEMENT WITH THE CHA TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE GREAT ELMS PROJECT IN HARVARD, MASSACHUSETTS. THE CHA RECEIVES AN ANNUAL FEE EQUAL TO 6.00% OF NET EFFECTIVE INCOME, AS DEFINED. FOR THE YEAR ENDED JUNE 30, 2023, CHOICE, INC. PAID MANAGEMENT FEES RELATED TO THE GREAT ELMS IN THE AMOUNT OF $8,239. CHOICE, INC. HAS ALSO ENTERED INTO AN AGREEMENT WITH THE CHA TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE RICHARDSON PROJECT IN NORTH CHELMSFORD, MASSACHUSETTS. THE CHA RECEIVES AN ANNUAL FEE EQUAL TO 6.00% OF NET EFFECTIVE INCOME, AS DEFINED. FOR THE YEAR ENDED JUNE 30, 2023, CHOICE, INC. PAID MANAGEMENT FEES RELATED TO THE RICHARDSON PROJECT IN THE AMOUNT OF $13,947. CHOICE, INC. HAS ALSO ENTERED INTO AN AGREEMENT WITH THE CHA TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE WESTFORD VILLAGE AT MYSTERY SPRING. THE CHA RECEIVES AN ANNUAL FEE EQUAL TO 7.77% OF INCOME COLLECTED. FOR THE YEAR ENDED JUNE 30, 2023, CHOICE, INC. PAID MANAGEMENT FEES RELATED TO THE WESTFORD VILLAGE AT MYSTERY SPRING PROJECT IN THE AMOUNT OF $38,226. CHOICE, INC. HAS ALSO ENTERED INTO AN AGREEMENT WITH THE CHA TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE VILLAGE AT CRYSTAL LAKE. THE CHA RECEIVES AN ANNUAL FEE EQUAL TO 7.69% OF INCOME COLLECTED. FOR THE YEAR ENDED JUNE 30, 2023, CHOICE, INC. PAID MANAGEMENT FEES RELATED TO THE VILLAGE AT CRYSTAL LAKE PROJECT IN THE AMOUNT OF $17,593. ADDITIONALLY, IN CONJUNCTION WITH THE MANAGEMENT AGREEMENTS, CHOICE, INC. AND CHOICE CENTER LLC HAVE REIMBURSED THE CHELMSFORD HOUSING AUTHORITY FOR SALARIES AND RELATED PAYROLL TAXES AND BENEFITS. THE AMOUNTS REIMBURSED FOR THE YEAR ENDED JUNE 30, 2023 TOTALED $810,795. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE BOARD OF DIRECTORS REVIEWS A COPY OF THE 990 WITH THE DIRECTOR OF FINANCE AND EXECUTIVE DIRECTOR BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST STATEMENT IDENTIFYING ANY BUSINESS OR PERSONAL OBLIGATIONS WHICH POTENTIALLY CREATE A CONFLICT OF INTEREST WITH CHOICE. THESE STATEMENTS WERE FILLED OUT UPON ADOPTION OF THE CONFLICT OF INTEREST POLICY OR UPON BECOMING A MEMBER. THESE STATEMENTS ARE UPDATED ANNUALLY AND MEMBERS ARE ALSO ENCOURAGED TO IDENTIFY ANY CONFLICT THEY FEEL MIGHT APPY TO ANOTHER MEMBER. IF A BOARD MEMBER BELIEVES HE OR SHE MAY HAVE A POTENTIAL CONFLICT ON A GIVEN MANNER THEY SHOULD SPEAK UP DURING THE COURSE OF THE MEETING TO REFERENCE TO THE CONFLICT. THOSE MEMBERS IN CONFLICT ARE NOT ALLOWED TO PARTICIPATE IN ANY DISCUSSION RELATIVE TO THE MATTER IN QUESTION, OTHER THAN TO RESPOND TO DIRECT INQUIRIES MADE BY OTHER BOARD MEMBERS. THEY WILL ALSO NOT BE ALLOWED TO VOTE ON THE MATTER, BUT WILL BE COUNTED AS A PART OF A QUORUM IN THE VOTING PROCESS. THE MINUTES OF THE MEETING SHALL REFLECT THEIR ABSTENTION FROM THE DISCUSSION AND THE VOTE. IF THERE IS QUESTION AS TO WHETHER A CONFLICT EXISTS, THE MEMBER SHOULD RAISE THE QUESTION IN THE MEETING. THE CHAIR WILL MAKE THE DETERMINATION, AND INSURE THE APPROPRIATE PROCESSES ARE FOLLOWED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990,PART VI, LINE 16B ALTHOUGH THE ORGANIZATION DOES NOT HAVE A FORMAL JOINT VENTURE POLICY IN PLACE, THEY ONLY DO PROJECTS THAT STRICTLY FIT THEIR MISSION - 100% AFFORDABLE HOUSING DEVELOPMENT WITH SUPPORTIVE SERVICES. FORM 990,PART VII - ADDITIONAL INFORMATION CONNIE DONAHUE COMTOIS IS PROVIDED WITH RETIREMENT AND HEALTH INSURANCE BENEFITS THROUGH CHELMSFORD HOUSING AUTHORITY. THE ORGANIZATION HAS BEEN UNABLE TO DETERMIONE AT THIS TIME THE TOTAL COST TO CHELMSFORD HOUSING AUTHORITY FOR THESE BENEFITS TO CONNIE DONAHUE COMTOIS AS THE HEALTH INSURANCE PAID TO THE GIC IS BILLED A TOTAL QUARTERLY AMOUNT RATHER THAN BREAKING DOWN BY EMPLOYEE. SIMILARLY, RETIREMENT COSTS ARE PAID BY CHELMSFORD HOUSING AUTHORITY TO THE MIDDLESEX RETIREMENT ANNUALLY AND THEY ARE BILLED IN TOTAL RATHER THAN BEING PROVIDED A BREAKDOWN OF COSTS PER EMPLOYEE. FORM 990, PART IX, LINE 11G MGMT SERVICES - REIMBURSED SALARIES: PROGRAM SERVICE EXPENSES 863,297. MANAGEMENT AND GENERAL EXPENSES 58,358. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 921,655. MGMT SERVICES - REIMBURSED BENEFITS: PROGRAM SERVICE EXPENSES 316,807. MANAGEMENT AND GENERAL EXPENSES 27,548. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 344,355. CONTRACTS: PROGRAM SERVICE EXPENSES 79,339. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,339. FORM 990, SCH B, PART II EFFECTIVE MARCH 1, 2023, CHELMSFORD HOUSING ELDER PARTNERSHIP TRANSFERRED OWNERSHIP OF THE PROPERTY TO CHOICE HOUSING OPPORTUNITIES FOR INTERGENERATIONAL AND COMMUNITY ENDEAVORS, INC. (CHOICE). IN CONNECTION WITH THE TRANSFER, CHOICE ENTERED INTO AN AGREEMENT WITH HUD THAT RESTRICTS THE PROPERTY AS RENTAL HOUSING FOR THE ELDERLY THROUGH JANUARY 1, 2065 AND HUD RELEASED THE ORGANIZATION FROM THE REQUIREMENTS OF THE CAPITAL ADVANCE. AFTER THAT DATE THECHELMSFORD HOUSING ELDER PARTNERSHIP HAS NO ASSETS REMAINING AS THEY WERE ALL TRANSFERRED TO CHOICE, INC. CHELMSFORD HOUSING ELDER PARTNERSHIP WILL BE WORKING TO TERMINATE AND CLOSE THE ORGANIZATION OVER THE NEXT 12 MONTHS. CHOICE CENTER LLC 10 WILSON STREET CHELMSFORD MA 01824 264028659 AFFORDABLE HOUSING MA 576451 -3531555 CHOICE INC CHOICE DEVENS LLC 10 WILSON STREET CHELMSFORD MA 01824 371940324 AFFORDABLE HOUSING MA CHOICE INC CHOICE SANDWICH LLC 10 WILSON STREET CHELMSFORD MA 01824 AFFORDABLE HOUSING MA CHOICE INC CHELMSFORD HOUSING AUTHORITY 10 WILSON STREET CHELMSFORD MA 01824 042527801 AFFORD HSG MA GOV LINE 6 N/A 0 CHELMSFORD HOUSING ELDER PARTNERSHI 10 WILSON STREET CHELMSFORD MA 01824 311758237 AFFORD HSG MA 3 LINE 10 CHOICE INC 1 CHOICE CW LESSOR LLC 701 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 364791263 REAL ESTATE MA 0 0 0.49000 SGC CHELMSFORD GP LLC 701 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 352483929 REAL ESTATE MA C 0.49000 0 SGC CHELMSFORD GP II LLC 701 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 371844570 REAL ESTATE MA C 0.49000 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0 0 CHELMSFORD HOUSING AUTHORITY E 501249 FMV CHELMSFORD HOUSING AUTHORITY K 1 LEASE AGREEMENT CHELMSFORD HOUSING AUTHORITY M 113597 FMV CHELMSFORD HOUSING AUTHORITY N 0 CHELMSFORD HOUSING AUTHORITY O 0 CHELMSFORD HOUSING AUTHORITY P 810795 FMV