2024-04-30T11:19:28-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-07-01 223207718 MOUNTAIN VALLEY PLACE INC MOUN 8572218600 120 VALLEY STREET NEW HAVEN CT 06515 RUBYE DANIELS SECRETARY 8572218600 2024-04-23 1 RUBYE DANIELS 999009999 1 JOLANTA TUCK CPA P01340068 7813803520 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM DENNIS 120 VALLEY STREET NEW HAVEN CT 06515 476944 0 X WWW.TCBINC.ORG X 1992 CT PROVIDE AFFORDABLE HOUSING TO ELDERLY PERSONS 4 4 0 0 0 0 309977 294747 168323 176633 53 1044 1718 4520 480071 476944 0 0 0 0 0 0 0 0 0 504649 549965 504649 549965 -24578 -73021 2125671 2040315 136219 123884 1989452 1916431 PROVIDE AFFORDABLE HOUSING TO ELDERLY PERSONS. 0 0 516563 181153 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. 516563 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 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 CT X RUBYE DANIELS 8572218600 185 DARTMOUTH STREET BOSTON MA 02116 X WILLIAM DENNIS PRESIDENT 0.10 X X 0 0 0 RUBYE DANIELS SECRETARY/TREASURER 0.10 X X 0 0 0 KYLE HASHIM DANIELS DIRECTOR 0.10 X 0 0 0 ELLA MANNING DIRECTOR 0.10 X 0 0 0 0 0 0 0 0 0 0 THE COMMUNITY BUILDERS INC 185 DARTMOUTH STREET BOSTON MA 02116 MANAGEMENT SERVICES 169702 1 294747 294747 TENANT RENTS 531110 176633 176633 176633 1044 1044 LAUNDRY & VENDING REVE 812300 4520 4520 4520 476944 181153 0 1044 X 16236 16236 17166 17166 122063 122063 22436 22436 247601 247601 1022 1022 96011 96011 RESIDENT SERVICES 27430 27430 549965 516563 33402 0 29330 45564 1733 3650 830 1059 3838572 2160091 1715926 1678481 377852 311561 2125671 2040315 118058 103606 1292 2928 16869 17350 136219 123884 X 1989452 1916431 1989452 1916431 2125671 2040315 -73021 0 X 0 1 X 1 1 1 X 323177 317251 319550 309977 294747 1564702 146684 160808 167079 168323 176633 819527 469861 478059 486629 478300 471380 2384229 0 0 0 2384229 452 150 144 53 1044 1843 452 150 144 53 1044 1843 2692 2465 2670 1718 4520 14065 473005 480674 489443 480071 476944 2400137 0.99340 0.99560 0.00080 0.00040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING REVENUE - 2018 AMOUNT: $ 2,692. 2019 AMOUNT: $ 2,465. 2020 AMOUNT: $ 2,670. 2021 AMOUNT: $ 1,718. 2022 AMOUNT: $ 4,520. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 534300 534300 3255399 2121488 1133911 28053 26105 1948 20820 12498 8322 1678481 TENANT DEPOSITS 17451 ESCROW DEPOSITS 28684 REPLACEMENT RESERVE 255178 RESIDUAL RECEIPTS RESERVE 10248 311561 X 476944 0 476944 0 476944 549965 0 549965 0 549965 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 3 THE COMMUNITY BUILDERS, INC. (TCB) SERVES AS THE MANAGEMENT AGENT FOR THE PROJECT. THE MANAGEMENT FEE IS CALCULATED AS $33 PER UNIT COMPUTED MONTHLY. 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 $16,236 WERE INCURRED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS 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. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 122,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,063.