2024-04-26T15:54:49-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 261590901 THE RESIDENCES AT NEPONSET FIELD INC % INQUILINOS BORICUAS EN ACCION RESI 6179271711 2 SAN JUAN STREET BOSTON MA 02118 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 6179271711 2024-04-25 1 VANESSA CALDERON-ROSADO XXX-XX-XXXX 1 MATTHEW HUTT CPA P01070603 5083669100 2024-04-25 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z VANESSA CALDERON-ROSADO 2 SAN JUAN STREET BOSTON MA 02118 451548 0 X N/A X 2007 MA TO CONSTRUCT AND OPERATE A HOUSING PROJECT FOR ELDERLY PERSONS OF VERY LOW INCOME. 17 17 0 17 0 0 218178 287289 144344 161080 2954 1549 782 1630 366258 451548 0 0 0 0 0 0 0 0 0 688184 692283 688184 692283 -321926 -240735 7751395 7514614 4918571 4922525 2832824 2592089 TO CONSTRUCT AND OPERATE A HOUSING PROJECT FOR ELDERLY PERSONS OF VERY LOW INCOME. 0 0 599968 162710 TO CONSTRUCT AND OPERATE A HOUSING PROJECT FOR ELDERLY PERSONS OF VERY LOW INCOME. 599968 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 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 17 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X VANESSA CALDERON-ROSADO 6179271711 2 SAN JUAN STREET BOSTON MA 02118 MARIA VASALLO PRESIDENT 0.20 0.60 X X 0 0 0 JAVIER FLORES VICE PRESIDENT 0.20 0.60 X X 0 0 0 JENNIFER FAUTH TREASURER 0.20 0.60 X X 0 0 0 PEDRO MIRANDA CLERK 0.20 0.60 X X 0 0 0 HECTOR CRUZ DIRECTOR 0.20 0.60 X 0 0 0 EDWIN SEDA DIRECTOR (UNTIL 12/2022) 0.20 0.60 X 0 0 0 VADIM KUKSIN DIRECTOR 0.20 0.60 X 0 0 0 WENDY MELENDEZ DIRECTOR 0.20 0.60 X 0 0 0 ROBERT GOLDSTEIN DIRECTOR 0.20 0.60 X 0 0 0 REINELDA RIVERA DIRECTOR 0.20 0.60 X 0 0 0 PATRICK GREENE DIRECTOR 0.20 0.60 X 0 0 0 HECTOR COLON DIRECTOR 0.20 0.60 X 0 0 0 JOSE FERNANDEZ DIRECTOR 0.20 0.60 X 0 0 0 SHARON BONET DIRECTOR 0.20 0.60 X 0 0 0 DIVYA MANI DIRECTOR 0.20 0.60 X 0 0 0 CINDY WILLIAMS DIRECTOR 0.20 0.60 X 0 0 0 MIGUEL VASQUEZ DIRECTOR 0.20 0.60 X 0 0 0 LAURIE GOULD DIRECTOR 0.20 0.60 X 0 0 0 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 0.20 34.80 X 0 323843 42255 MAYRA NEGRON-ROCHE CHIEF OPERATING OFFICER 0.20 34.80 X 0 293690 45395 0 617533 87650 0 0 1 0 0 287289 287289 RENTAL INCOME 531110 161080 161080 161080 1549 1549 LAUNDRY AND VENDING RE 531390 1605 1605 MISCELLANEOUS REVENUE 531390 25 25 1630 451548 162710 0 1549 102287 52445 49842 336 336 16117 16117 62668 62668 92 92 22981 22981 147948 147948 1905 1905 285206 285206 SUPPLIES 20950 20950 MISCELLANEOUS 17976 17269 707 RESIDENT & SOCIAL SERVI 11577 11577 BAD DEBT EXPENSE 2240 2240 692283 599968 92315 0 32595 14152 620 1883 1163 9519 8346 10529801 3393454 7391947 7136347 314831 354606 7751395 7514614 54397 57876 2386 92 4100840 4102745 760948 761812 4918571 4922525 X -1893676 -2134411 4726500 4726500 2832824 2592089 7751395 7514614 -240735 0 X X 0 1 X 1 1 1 X 193265 185994 235355 218178 287289 1120081 193265 185994 235355 218178 287289 1120081 1120081 3051 1421 671 2954 1549 9646 1129727 763367 0.99150 0.99040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1642021 1642021 8796666 3393454 5403212 91114 91114 7136347 DUE TO AFFILIATES 751479 SECURITY DEPOSIT LIABILITY 10333 761812 X 451548 0 451548 0 451548 692283 0 692283 0 692283 PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTABLE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2023. THE AGENCY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 0 0 0 0 0 0 0 0 0 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 0 323843 0 0 0 0 0 21350 0 20905 0 366098 0 0 MAYRA NEGRON-ROCHE CHIEF OPERATING OFFICER 0 293690 0 0 0 0 0 20786 0 24609 0 339085 0 0 PART I, LINE 3 ALL COMPENSATION IS PAID BY RELATED ORGANIZATION INQUILINOS BORICUAS EN ACCION, INC. (IBA). THE COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD OF DIRECTORS ENTER INTO EXECUTIVE SESSION WHERE THEY REVIEW THE CEO'S PERFORMANCE AND BASED ON SAID REVIEW, DECIDE ON A COMPENSATION FOR THE UPCOMING YEAR. THE COMPENSATION FOR OTHER OFFICERS WITHIN THE ORGANIZATION IS DETERMINED BY THE CEO ANNUALLY IN DECEMBER FOR THE UPCOMING YEAR. THE CEO CONDUCTS A PERFORMANCE REVIEW, WHICH IS REVIEWED WITH THE APPLICABLE OFFICER AND BASED ON SAID REVIEW A COMPENSATION ADJUSTMENT IS AWARDED BY THE CEO FOR THE NEXT CALENDAR YEAR. FORM 990, PART VI, SECTION A, LINE 3 THE AGENCY IS BEING MANAGED BY MALONEY PROPERTIES, INC. (THE AGENT), AN UNRELATED PARTY. IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT, THE AGENT SHALL BE ENTITLED TO RECEIVE A MANAGEMENT FEE IN THE AMOUNT OF 6% OF RESIDENTIAL INCOME COLLECTED FOR MANAGEMENT SERVICES PERFORMED UNDER THE AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR MUST ANNUALLY SIGN A STATEMENT THAT THEY AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS WILL ALSO CONDUCT PERIODIC REVIEWS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE AGENCY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, PART 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INQUILINOS BORICUAS EN ACCION INC 2 SAN JUAN STREET BOSTON MA 02118 237090081 TO CREATE VIBRANT AFFORDABLE HOUSING COMMUNITIES MA 501(C)(3) LINE 7 N/A 0 ROBERT L FORTES HOUSE INC 2 SAN JUAN STREET BOSTON MA 02118 042699390 TO DEVELOP AND PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS MA 501(C)(3) LINE 12A, I INQUILINOS BORICUAS EN ACCION INC 0 IBA REAL ESTATE SUPPORT CORPORATION 2 SAN JUAN STREET BOSTON MA 02118 882578356 AFFORDABLE HOUSING MA 501(C)(3) LINE 12A, I INQUILINOS BORICUAS EN ACCION INC 0 ROBERT L FORTES HOUSE LIMITED PARTNERSHIP 2 SAN JUAN STREET BOSTON MA 02118 043748044 TO DEVELOP AND PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS MA 0 0 VICTORIA APARTMENTS LIMITED PARTNERSHIP 2 SAN JUAN STREET BOSTON MA 02118 800033315 TO DEVELOP AND PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS MA 0 0 SOUTH END APARTMENTS LIMITED PARTNERSHIP 2 SAN JUAN STREET BOSTON MA 02118 043551097 TO DEVELOP AND PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS MA 0 0 WEST NEWTON RUTLAND LLC 2 SAN JUAN STREET BOSTON MA 02118 611788746 TO DEVELOP AND PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS MA 0 0 ETCDC INC 2 SAN JUAN STREET BOSTON MA 02118 043546738 TO DEVELOP AND SERVICE LOW AND MODERATE INCOME FAMILY AND ELDERLY HOUSING MA C 0 ETC-FORTES INC 2 SAN JUAN STREET BOSTON MA 02118 341974884 TO DEVELOP AND SERVICE LOW AND MODERATE INCOME FAMILY AND ELDERLY HOUSING MA C 0 RESIDENCIA BETANCES INC 2 SAN JUAN STREET BOSTON MA 02118 043166808 TO DEVELOP AND PROVIDE HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS MA C 0 WEST NEWTON RUTLAND MM LLC 2 SAN JUAN STREET BOSTON MA 02118 812001989 TO DEVELOP AND PROVIDE HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS MA C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0