2024-09-10T01:46:08-05:00 2023-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2023-01-01 043183212 TURTLE WOODS CORPORATION TURT 9789221305 PO BOX 507 BEVERLY MA 01915 JULIE KARAGANIS PRESIDENT 9789221305 2024-08-27 1 1 EDWARD MCNEIL P00090108 6176481400 2024-08-26 2023 2024-08-08 14:25:15Z JULIE KARAGANIS PO BOX 507 BEVERLY MA 01915 935821 0 X N/A X 1993 MA TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO LOW INCOME ELDERS. 7 6 0 8 0 0 0 0 836803 880393 7386 47884 9943 7544 854132 935821 0 0 0 0 0 0 0 0 0 891645 900308 891645 900308 -37513 35513 2304088 2326658 173765 160822 2130323 2165836 TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO LOW INCOME ELDERS. 0 0 806340 887937 TO PROVIDE HOUSING FACILITIES FOR USE AND OCCUPANCY BY THE ELDERLY, AGED, AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (1959) & SECTION 8 OF THE US HOUSING ACT (1937). 806340 1 0 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JULIE KARAGANIS 9789221305 PO BOX 507 BEVERLY MA 01915 X DONNA PHILBROOK OUTGOING DIRECTOR 1.00 X 0 0 0 EDWARD MCFADDEN DIRECTOR 1.00 X 0 0 0 JULIE KARAGANIS PRESIDENT 1.00 X X 0 0 0 LISA LAPLANTE OUTGOING DIRECTOR 1.00 X 0 0 0 NEILAND DOUGLAS TREASURER 1.00 X X 0 0 0 NELDA QUIGLEY CLERK 1.00 X X 0 0 0 PAUL LANZIKOS DIRECTOR 1.00 X 0 0 0 WILLIAM SCHNEIDER VICE PRESIDENT 1.00 4.00 X X 0 0 0 0 0 0 0 0 0 0 0 TENANT RENTAL INCOME 531110 880393 880393 880393 47884 47884 LAUNDRY AND VENDING 900099 6794 6794 DAMAGES AND CLEANING 900099 750 750 7544 935821 887937 0 47884 154026 75609 78417 325 325 15551 15551 73583 73583 173506 173506 189734 189734 69362 69362 MAINTENANCE EXPENSES 175861 175861 RECREATION AND REHABILI 41522 41522 BAD DEBTS 6838 6838 900308 806340 93968 0 6585 57881 1216619 84402 13085 5481 6092361 5254776 966416 837585 30066 1412626 2304088 2326658 145690 128267 337 1998 27734 30557 4 0 173765 160822 X -3319877 -3284364 5450200 5450200 2130323 2165836 2304088 2326658 35513 0 X X 0 1 X 1 1 1 X 802814 799364 837765 836803 880393 4157139 802814 799364 837765 836803 880393 4157139 0 0 0 4157139 3262 1836 1502 7386 47884 61870 3262 1836 1502 7386 47884 61870 6150 7696 9656 9943 7544 40989 812226 808896 848923 854132 935821 4259998 0.97590 0.98650 0.01450 0.00380 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 6,150. 2020 AMOUNT: $ 80. 2021 AMOUNT: $ 220. 2022 AMOUNT: $ 20. LAUNDRY AND VENDING INCOME - 2020 AMOUNT: $ 5,836. 2021 AMOUNT: $ 8,786. 2022 AMOUNT: $ 9,438. 2023 AMOUNT: $ 6,794. DAMAGES AND CLEANING FEES - 2020 AMOUNT: $ 1,780. 2021 AMOUNT: $ 650. 2022 AMOUNT: $ 485. 2023 AMOUNT: $ 750. 0 1 X 441164 441164 5500006 5145969 354037 38422 28686 9736 112769 80121 32648 837585 CASH SECURITY DEPOSIT ACCOUNT 30557 REPLACEMENT RESERVE 1382069 1412626 X 935821 0 935821 0 935821 900308 0 900308 0 900308 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: 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 IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS AN AGREEMENT WITH HARBORLIGHT COMMUNITY PARTNERS TO PROVIDE MANAGEMENT SERVICES TO THE PROJECT. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE MEMBER OF TURTLE WOODS CORPORATION: FIRST BAPTIST CHURCH. THE CHURCH HAS ULTIMATE CONTROL. FORM 990, PART VI, SECTION A, LINE 7A ULTIMATELY, ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODIES DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B ULTIMATELY, ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODIES DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE REVIEW THE FORM 990 BEFORE IT IS FILED. IT IS THEN ELECTRONCIALLY SUBMITTED TO BOARD MEMBERS FOR REVIEW, WHO THEN APPROVE IT. THE FORM IS THEN SIGNED AND SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS TO ENSURE ENFORCEMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FIRST BAPTIST CHURCH IN BEVERLY 221 CABOT STREET BEVERLY MA 01915 042253860 CHURCH MA 501(C)(3) LINE 1 N/A 0 HARBORLIGHT COMMUNITY PARTNERS INC PO BOX 507 BEVERLY MA 01915 042313671 LOW INCOME HOUSING MA 501(C)(3) LINE 10 FIRST BAPTIST CHURCH IN BEVERLY 0 HARBORLIGHT NURSERY SCHOOL 221 CABOT STREET BEVERLY MA 01915 042883700 PRE-SCHOOL MA 501(C)(3) LINE 2 FIRST BAPTIST CHURCH IN BEVERLY 0 FIREHOUSE PLACE INC PO BOX 507 BEVERLY MA 01915 273491241 LOW INCOME HOUSING MA 501(C)(3) LINE 10 FIRST BAPTIST CHURCH IN BEVERLY 0 ROCKPORT AFFORDABLE HOUSING INC PO BOX 507 BEVERLY MA 01915 273491179 LOW INCOME HOUSING MA 501(C)(3) LINE 10 FIRST BAPTIST CHURCH IN BEVERLY 0 MARBLEHEAD COMMUNITY HOUSING CORPORATION PO BOX 507 BEVERLY MA 01915 043176887 LOW INCOME HOUSING MA 501(C)(3) LINE 11 FIRST BAPTIST CHURCH IN BEVERLY 0 TURTLE CREEK HOUSING LLC POB 507 BEVERLY MA 01915 364773123 AFFORDABLE HOUSING MA N/A 0 0 HARBORLIGHT HOUSE LLC POB 507 BEVERLY MA 01915 474277323 AFFORDABLE HOUSING MA N/A 0 0 BOSTON STREET CROSSING LLC POB 507 BEVERLY MA 01915 814311188 AFFORDABLE HOUSING MA N/A 0 0 ONE ANCHOR POINT LLC POB 507 BEVERLY MA 01915 861309758 AFFORDABLE HOUSING MA N/A 0 0 TURTLE CREEK HOUSING MM LLC PO BOX 507 BEVERLY MA 01915 464088797 AFFORDABLE HOUSING MA N/A C 0 HARBORLIGHT HOUSE MM LLC PO BOX 507 BEVERLY MA 01915 474346546 AFFORDABLE HOUSING MA N/A C 0 BOSTON STREET CROSSING MM LLC PO BOX 507 BEVERLY MA 01915 822482419 AFFORDABLE HOUSING MA N/A C 0 ONE ANCHOR POINT MM LLC PO BOX 507 BEVERLY MA 01915 922743617 AFFORDABLE HOUSING MA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0