2024-04-29T14:41:04-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-07-01 061627260 WALTER S BROOKS ELDERLY HOMES AT ORMONT COURT INC WALT 8572218600 CO TCB INC 185 DARTMOUTH STREET BOSTON MA 02116 D MORGAN WILSON DIRECTOR 8572218600 2024-04-25 1 D MORGAN WILSON 999009999 1 JOLANTA TUCK CPA P01340068 7813803520 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BISHOP THEODORE BROOKS C/O TCB INC 185 DARTMOUTH STREET BOSTON MA 02116 224200 0 X N/A X 2001 CT PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY 7 7 0 8 0 0 123221 167645 50566 55435 39 812 1356 308 175182 224200 0 0 0 0 0 0 0 0 0 234215 233238 234215 233238 -59033 -9038 1283308 1272017 142586 140333 1140722 1131684 PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 0 0 211658 55743 PROVIDE LOW INCOME ELDERLY PERSONS WITH AFFORDABLE HOUSING FACILITIES, AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 211658 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 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 CT X D MORGAN WILSON 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 X BISHOP THEODORE BROOKS PRESIDENT, EXECUTIVE DIREC 0.10 X X 0 0 0 DARRELL BROOKS VICE PRESIDENT 0.10 X X 0 0 0 SUSAN MCCANN SECRETARY (UNTIL 7/8/22) 0.10 X X 0 0 0 D MORGAN WILSON DIRECTOR 0.10 X 0 0 0 IRRITA OSBORN DIRECTOR 0.10 X 0 0 0 ANDREA JACKSON BROOKS DIRECTOR 0.10 X 0 0 0 MILTON ANDERSON DIRECTOR 0.10 X 0 0 0 WILLIE JONES DIRECTOR 0.10 X 0 0 0 0 0 0 0 0 0 0 0 167645 167645 TENANT RENTS 531110 55435 55435 55435 812 812 LAUNDRY & VENDING REVE 900099 308 308 308 224200 55743 0 812 9360 9360 534 534 12220 12220 21852 21852 6089 6089 123911 123911 303 303 50538 50538 RESIDENT SERVICES 8264 8264 BAD DEBTS 167 167 233238 211658 21580 0 26916 15022 245 1799 11876 1811064 838641 1019961 972423 236186 270897 1283308 1272017 93090 89076 664 75 3761 3761 45071 47421 142586 140333 X 1140722 1131684 1140722 1131684 1283308 1272017 -9038 0 X 0 1 X 1 1 1 X 141838 143926 128711 123221 167645 705341 49975 52909 49796 50566 55435 258681 191813 196835 178507 173787 223080 964022 0 0 0 964022 303 100 118 39 812 1372 303 100 118 39 812 1372 574 638 429 1356 308 3305 192690 197573 179054 175182 224200 968699 0.99520 0.99610 0.00140 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6000 6000 1794867 830605 964262 10197 8036 2161 972423 TENANT DEPOSITS 4288 ESCROW DEPOSITS 20634 REPLACEMENT RESERVE 245975 270897 X 224200 0 224200 0 224200 233238 0 233238 0 233238 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: 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 JUNE 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. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, 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 IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 2 THREE OF THE BOARD MEMBERS ARE FAMILY MEMBERS. THE ORGANIZATION IS NAMED AFTER THE LATE WALTER S. BROOKS, A FIVE-TERM CONNECTICUT STATE REPRESENTATIVE. BISHOP THEODORE BROOKS IS HIS BROTHER, ANDREA JACKSON-BROOKS IS HIS WIDOW, AND DARRELL BROOKS IS HIS THE SON OF BISHOP THEODORE BROOKS. FORM 990, PART VI, SECTION A, LINE 3 THE COMMUNITY BUILDERS, INC. (TCB) SERVES AS THE MANAGEMENT AGENT FOR THE PROJECT. THE MANAGEMENT FEE IS CALCULATED $65 PER UNIT PER MONTH. THE MANAGEMENT AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR THE MANAGEMENT AGENT. DURING THE YEAR ENDED JUNE 30, 2023, MANAGEMENT FEES OF $9,360 WERE INCURRED. FORM 990, PART VI, SECTION B, LINE 11B AN OFFICER OF THE MANAGEMENT COMPANY REVIEWS THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND FORM 990S AVAILABLE UPON REQUEST.