2024-03-18T08:08:21-05:00 2023-09-30 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2022-10-01 223301362 MATTAPAN CENTER FOR LIFE C/O MALONEY PROPERTIES INC MATT 7819430200 27 MICA LANE WELLESLEY MA 02481 PETER SCOLARO DIRECTOR 7819430200 2024-03-11 1 PETER SCOLARO 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2024-03-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN WELLS 27 MICA LANE WELLESLEY MA 02481 720183 0 X N/A X 1995 MA TO PROVIDE HOUSING FOR THE LOW-INCOME ELDERLY. 8 8 0 0 0 0 18950 15160 576040 675887 80 881 4289 28255 599359 720183 0 0 0 0 0 0 0 0 0 656510 823616 656510 823616 -57151 -103433 1880503 1783271 4066773 4072974 -2186270 -2289703 TO PROVIDE HOUSING FOR THE LOW-INCOME ELDERLY. 0 0 805450 704142 TO PROVIDE 45 UNITS FOR THE ELDERLY, SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER ITS SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM. 805450 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 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 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X OUMAR DIAKITE CO MALONEY PROPERTIES INC 7819430200 27 MICA LANE WELLESLEY MA 02481 X BAINNY SUNCAR DIRECTOR 0.10 X 0 0 0 IVANNA SERRET DIRECTOR 0.10 X 0 0 0 JOHN WELLS PRESIDENT 0.10 X X 0 0 0 LEONNIE DRUMMOND DIRECTOR 0.10 X 0 0 0 LOUISE GRANT SECRETARY 0.10 X X 0 0 0 PETER SCOLARO DIRECTOR 0.10 X 0 0 0 SHERAN WOODROFFE DIRECTOR 0.10 X 0 0 0 ZANETTA ARMSTRONG TREASURER 0.10 X X 0 0 0 JOANE GUZMAN CLERK 0.10 X 0 0 0 0 0 0 0 0 0 0 0 15160 15160 RENTAL INCOME 531110 675887 675887 675887 881 881 INSURANCE LOSS PROCEED 531390 25000 25000 LAUNDRY AND VENDING 531390 3143 3143 KEYS & ACCESS CARDS 531390 30 30 82 82 28255 720183 704142 0 881 224889 224889 145 145 18166 18166 46059 46059 47778 47778 172511 172511 123039 123039 25741 25741 CLEANING & MAINTENANCE 115133 115133 INSURANCE LOSS 29306 29306 REPAIRS 17057 17057 SOCIAL SERVICES EXPENSE 2798 2798 994 994 823616 805450 18166 0 43948 6712 50347 46120 19127 17081 4403961 2838979 1566722 1564982 200359 148376 1880503 1783271 166085 188414 6463 5343 9575 9727 3827800 3827800 56850 41690 4066773 4072974 X -2186270 -2289703 -2186270 -2289703 1880503 1783271 -103433 0 X 0 1 X 1 1 1 X 18950 15160 34110 532751 530597 534708 576040 675887 2849983 532751 530597 534708 594990 691047 2884093 0 0 0 2884093 1669 1394 350 80 881 4374 1669 1394 350 80 881 4374 12320 13988 2768 4289 28255 61620 546740 545979 537826 599359 720183 2950087 0.97760 0.98660 0.00150 0.00130 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 10,028. 2019 AMOUNT: $ 2,000. 2022 AMOUNT: $ 82. LAUNDRY AND VENDING - 2018 AMOUNT: $ 2,077. 2019 AMOUNT: $ 3,271. 2020 AMOUNT: $ 2,768. 2021 AMOUNT: $ 3,404. 2022 AMOUNT: $ 3,143. TENANT CHARGES - 2018 AMOUNT: $ 215. 2019 AMOUNT: $ 380. INSURANCE LOSS PROCEEDS - 2019 AMOUNT: $ 8,337. 2022 AMOUNT: $ 25,000. DAMAGE REIMBURSEMENTS - 2021 AMOUNT: $ 860. KEYS ACCESS CARDS - 2021 AMOUNT: $ 25. 2022 AMOUNT: $ 30. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 274969 274969 3699033 2415638 1283395 429959 423341 6618 1564982 TENANT SECURITY DEPOSITS 10400 ESCROW DEPOSITS 10441 RESERVE FOR REPLACEMENTS 127535 148376 DEFERRED GRANT INCOME 41690 41690 X 720183 0 720183 0 720183 823616 0 823616 0 823616 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SEUCRITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: THE CORPORATION 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 SEPTEMBER 30, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. 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 FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DESIGNATED MANAGEMENT RESPONSIBILITIES TO MALONEY PROPERTIES, INC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND OFFICER ARE REQUIRED TO SIGN ANNUAL CONFLICT OF INTEREST STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 NO BOARD MEMBERS OR EXECUTIVES ARE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.