2024-07-24T15:42:17-05:00 2023-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2023-01-01 042519279 HOMEOWNER'S REHAB INC HOME 6178684858 280 FRANKLIN STREET CAMBRIDGE MA 02139 SARA BARCAN EXECUTIVE DIRECTOR 6178484858 2024-07-24 SARA BARCAN 999009999 0 KRISTOFFER LANE P01446126 6172629898 2024-07-24 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SARA BARCAN 280 FRANKLIN STREET CAMBRIDGE MA 02139 7337327 0 X WWW.HOMEOWNERSREHAB.ORG X 1972 MA TO MAKE LOW INTEREST LOANS TO LOW INCOME HOMEOWNERS FOR IMPROVEMENTS. DEVELOPMENT OF LOW INCOME HOUSING AND REHABING OLD HOUSING STOCK. 12 12 14 0 1025619 0 781570 1007835 10792473 4221837 1591999 2059220 415499 48435 13581541 7337327 0 66000 0 0 1992004 1856949 0 0 0 3563504 4512182 5555508 6435131 8026033 902196 137772671 154559872 72897459 88086456 64875212 66473416 X THE GENERAL PURPOSE OF HRI IS TO ACQUIRE, IMPROVE THROUGH REHABILITATION, NEW CONSTRUCTION OR OTHERWISE, MAKE AVAILABLE AT THE LOWEST POSSIBLE COST TO PERSONS AND FAMILIES WITH LOW INCOME OF EVERY RACE, RELIGION AND NATIONALITY, HOUSING IN MASSACHUSETTS, TO STIMULATE THE RENOVATION AND IMPROVEMENT OF PROPERTIES, AND TO PROMOTE NEIGHBORHOOD IMPROVEMENTS FOR THE BENEFIT OF PERSONS OF LIMITED MEANS. 0 0 3900354 2227254 AFFILIATE ACTIVITIES - TO ACQUIRE, RENOVATE, CONSTRUCT, DEVELOP, OWN,LEASE OR MANAGE LOW-INCOME OR MIXED-INCOME FAMILY HOUSING IN CAMBRIDGE, MASSACHUSETTS. 2319411 66000 1017399 DEVELOPMENT AND OPERATING-HRI IS INVOLVED IN VARIOUS PROJECTS TO DEVELOP LOW INCOME HOUSING. HRI ALSO FACILITATES THE REHABILITATION OF OLD HOUSING STOCK. 6219765 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 4 0 1 14 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SARA BARCAN EXECUTIVE DIRECTOR 6178684858 280 FRANKLIN STREET CAMBRIDGE MA 02139 GEORGE BEAL TREASURER 5.00 X X 0 0 0 LOUISE ELVING PRESIDENT 5.00 X X 0 0 0 JOHN HIXSON CLERK 5.00 X X 0 0 0 AMY WALSH FARRELL BOARD MEMBER 5.00 X 0 0 0 AVIVA ROTHMAN-SHORE BOARD MEMBER 5.00 X 0 0 0 DEBRA FOX BOARD MEMBER 5.00 X 0 0 0 HECTOR ACEVEDO BOARD MEMBER 5.00 X 0 0 0 ANGELA MEEHAN BOARD MEMBER 5.00 X 0 0 0 MARILYN SOTO BOARD MEMBER 5.00 X 0 0 0 GOLNAZ TABATABAI BOARD MEMBER 5.00 X 0 0 0 CHRISTOPHER SCOVILLE BOARD MEMBER 5.00 X 0 0 0 VINCENT O'DONNELL VICE PRESIDENT 5.00 X 0 0 0 PETER DALY SPECIAL ASSISTANT TO ED 35.00 X 245148 0 6718 SARA BARCAN EXECUTIVE DIRECTOR 35.00 X 218846 0 34215 WILLIAM MONSON PROJECT MANAGER 35.00 X 123724 0 24898 JANE CARBONE DIRECTOR OF DEVELOPMENT 35.00 X 188401 0 5652 SUSAN TWOMEY DIRECTOR OF CONSTRUCTION AND SUSTAINABILITY 35.00 X 130000 0 16974 JESSE EDSELL-VETTER DIRECTOR OF GRANTS AND SPECIAL INITIATIVES 35.00 X 106923 0 36265 1013042 0 124722 6 0 1 0 0 54590 953245 1007835 RENTAL INCOME 532000 2674041 1648422 1025619 MGMT & DEV FEES 541610 1547796 1547796 4221837 2059220 2059220 OTHER INCOME 900099 48435 48435 48435 7337327 3244653 1025619 2059220 66000 66000 463994 418973 45021 965831 879612 86219 317569 287764 29805 109555 99543 10012 52920 52920 162892 162892 251907 241913 9994 347273 325653 21620 212728 212285 443 1894681 1894681 355343 353712 1631 38595 38595 GRANT EXPENSE 512263 512263 REAL ESTATE TAXES 234566 234566 RENTAL EXP 202897 202897 MISC. EXPENSES 180882 170261 10621 65235 65235 6435131 6219765 215366 0 19382449 16335162 4356498 2011660 2172137 632887 25511098 28454528 32162 51826 65264411 4138166 53579932 61126245 25613328 36142879 7125067 9804685 137772671 154559872 1524866 421346 1841404 1689803 64944744 75154258 4586445 10821049 72897459 88086456 X 64875212 66473416 64875212 66473416 137772671 154559872 902196 696008 0 X X 0 1 X 1 1 1 X 1214190 948432 458241 781570 1007835 4410268 5111419 9425053 5484433 10792473 4221837 35035215 6325609 10373485 5942674 11574043 5229672 39445483 0 0 0 39445483 1429699 1537840 1363440 1591999 2059220 7982198 1429699 1537840 1363440 1591999 2059220 7982198 654604 2061010 -522894 -1378222 744981 1559479 8409912 13972335 6783220 11787820 8033873 48987160 0.80520 0.82440 0.16290 0.15080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20267166 20267166 12391988 2033932 10358056 5365031 1873038 3491993 247638 231196 16442 26992588 26992588 61126245 CERTIFICATES OF DEPOSIT 4608709 F GOVERNMENT BONDS 31534170 F 36142879 DEFERRED EXPENSE 316757 DUE FROM RELATED PARTIES 2985850 COMMERCIAL RESERVE 249868 SECURITY DEPOSIT 92282 RIGHT OF USE ASSET 6159928 9804685 PASS THROUGH LIABILITY 739464 RECAPTURE-RECOMMITTAL FUND 1706080 DUE TO RELATED PARTIES 2049475 SECURITY DEPOSITS 91080 DUE TO CLIENTS ON GRANTS AND LOANS 74122 OPERATING LEASE LIABILITY 6160828 10821049 X 8033336 696009 696009 7337327 0 7337327 6435131 0 6435131 0 6435131 PART X, LINE 2: HRI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME, FOR THE PERIOD OF JANUARY 1, 2023 THROUGH DECEMBER 31, 2023, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. HRI 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, HRI BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX FISCAL YEARS; 2020, 2021 AND 2022. 1 SCHOLARSHIPS 18 66000 CASH SCHOLARSHIP X X 0 0 0 0 0 0 0 0 0 SARA BARCAN EXECUTIVE DIRECTOR 213846 0 5000 0 0 0 0 0 34215 0 253061 0 0 0 PETER DALY SPECIAL ASSISTANT TO ED 68148 0 15000 0 162000 0 0 0 6718 0 251866 0 0 0 JANE CARBONE DIRECTOR OF DEVELOPMENT 74401 0 14000 0 100000 0 0 0 5652 0 194053 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS THE 990 AND MAKE A RECOMMENDATION TO THE AUDIT COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT THE ITS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS REVIEWED AND APPROVED BY THE PERSONNEL POLICY COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, ORGANIZATIONAL POLICIES AVAILABLE BY REQUEST. PART XII LINE 2C NO CHANGES FROM PRIOR YEAR AUBURN SQUARE LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 043484315 AFFORDABLE HOUSING MA 448518 7569928 COLUMBIA HRI LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 030491814 AFFORDABLE HOUSING MA 134610 4003882 HRI TROLLEY 280 FRANKLIN ST CAMBRIDGE MA 02139 202284934 AFFORDABLE HOUSING MA 113858 3346821 HRI PUTNAM LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 300564553 AFFORDABLE HOUSING MA 142529 5497755 HRI MASTER LESSEE 280 FRANKLIN ST CAMBRIDGE MA 02139 463179612 AFFORDABLE HOUSING MA 342148 1394642 HRI CONCORD HIGHLANDS LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 811516913 AFFORDABLE HOUSING MA 359203 19900515 808-812 MEMORIAL DRIVE LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 473981468 AFFORDABLE HOUSING MA 1827041 1827041 808-812 MEMORIAL DRIVE COMMERCIAL LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 845165581 AFFORDABLE HOUSING MA 1164272 26822289 HRI MATHESON APARTMENTS LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 815139648 AFFORDABLE HOUSING MA 511735 6906739 1627 MASS AVE 280 FRANKLIN ST CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 36000 8135072 HRI PPA OWNER LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 0 1114070 HRI 30 WENDELL LLC 280 FRANKLIN ST CAMBRIDGE MA 02139 AFFORDABLE HOUSING MA 0 5798773 CAMBRIDGE COMMUNITY HOUSING INC 280 FRANKLIN ST CAMBRIDGE MA 02139 222933799 TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES MA 501(C)(3) 170(B)(1)(A)(VI) 0 CAMBRIDGE COMMUNITY HOUSING DEVELOPMENT INC 280 FRANKLIN ST CAMBRIDGE MA 02139 223345968 TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES MA 501(C)(3) 170(B)(1)(A)(VI) 0 CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES 280 FRANKLIN ST CAMBRIDGE MA 02139 222479448 TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES MA 501(C)(3) 170(B)(1)(A)(VI) 0 CHAPMAN ARMS MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 453774502 AFFORDABLE HOUSING MA 0 0 0.79000 CHAPMAN ARMS LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 453774416 AFFORDABLE HOUSING MA 0 0 HRI PUTNAM SQAURE II LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 464647028 AFFORDABLE HOUSING MA 0 0 INMAN CAST LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 273519524 AFFORDABLE HOUSING MA 0 0 AUBURN COURT LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 810723626 AFFORDABLE HOUSING MA 0 0 PUTNAM GREEN LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 273522639 AFFORDABLE HOUSING MA 0 0 HRI CONCORD HIGHLANDS II LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 824627538 AFFORDABLE HOUSING MA 0 0 HRI MATHESON APARTMENTS II LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 833471334 AFFORDABLE HOUSING MA 0 0 808-812 MEMORIAL DRIVE II LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 832257227 AFFORDABLE HOUSING MA 0 0 808-812 MEMORIAL DRIVE II MANAGING MEMBER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 043182980 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -2340 0.79000 0 TROLLEY DEVELOPMENT INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 202515834 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1613 0.78000 0 MEMORIAL DRIVE HOUSING INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 043369966 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C 0.79000 0 AUBURN PARK INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 043432275 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1581 0.75000 0 COLUMBIA CAST INC 280 FRANKLIN STREET CAMBRIDGE MA 02139 030491794 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1599 0.75000 0 INMAN CAST MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 273519430 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -2037 0.79000 0 PUTNAM GREEN MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 273522581 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1619 0.79000 0 CHAPMAN ARMS MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -1977 0.55000 0 HRI CONCORD HIGHLANDS II MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 824627773 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -2051 1.00000 0 HRI MATHESON APARTMENTS II MANAGER LLC 280 FRANKLIN STREET CAMBRIDGE MA 02139 833493068 GENERAL PARTNER OF A LOW INCOME HOUSING PROJECT MA C -2031 0.55000 0 0 0 0 1 1 0 0 0 0 0 1 1 0 1 1 0 0 0 0 CAMBRIDGE COMMUNITY HOUSING INC K 66300 ACCRUAL CAMBRIDGE COMMUNITY HOUSING INC L 48600 ACCRUAL CAMBRIDGE COMMUNITY HOUSING DEVELOPMENT INC L 82800 ACCRUAL CAMBRIDGE COMMUNITY HOUSING INC E 2287161 ACCRUAL CAMBRIDGE COMMUNITY HOUSING DEVELOPMENT INC E 2094358 ACCRUAL CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES INC D 38315 ACCRUAL CHAPMAN ARMS LLC E 1656474 ACCRUAL HRI PUTNAM SQUARE II LLC E 4237280 ACCRUAL INMAN CAST LLC E 483125 ACCRUAL AUBURN COURT LLC E 3588345 ACCRUAL PUTNAM GREEN LLC E 274269 ACCRUAL CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES INC N 0 ACCRUAL CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES INC O 0 ACCRUAL