2024-05-11T15:24:57-05:00 2023-06-30 061253566 WALTER J MCKEEVER & COMPANY LLC PO BOX 5147 15 VALLEY DRIVE GREENWICH CT 06831 990 2022-07-01 061039607 MARLBOROUGH ASSOCIATION FOR SENIOR HOUSING INC MARL 8602951131 155 SOUTH MAIN STREET MARLBOROUGH CT 06447 KENNETH HJULSTROM PRESIDENT 8602951131 2024-05-11 1 KENNETH HJULSTROM 999009999 0 DENISE C DORIA P01283182 2036228625 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENNETH HJULSTROM 155 SOUTH MAIN STREET MARLBOROUGH CT 06447 203677 0 X N/A X 1982 CT ELDERLY HOUSING FOR 24 APARTMENTS IN A SAFE, HEALTHY ENVIRONMENT 7 7 0 7 0 0 75198 55948 134381 145452 32 31 19820 2246 229431 203677 0 0 0 0 58743 61214 0 0 0 196110 196829 254853 258043 -25422 -54366 926842 886660 27022 41206 899820 845454 TO OPERATE 24 APARTMENTS FOR ELDERLY HOUSING AND TO PROVIDE MEALS, CLEANING, RECREATIONAL EXERCISE, AND SOCIAL EVENTS. THE STAFF IS ON CALL 24 HOURS PER DAY IN CASE OF EMERGENCIES. 0 0 241512 147698 TO OPERATE 24 APARTMENTS FOR ELDERLY HOUSING AND TO PROVIDE MEALS, CLEANING, RECREATIONAL EXERCISE, AND SOCIAL EVENTS. THE STAFF IS ON CALL 24 HOURS PER DAY IN CASE OF EMERGENCIES. 241512 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 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 1 1 1 1 0 0 0 0 0 CT X ELDERLY HOUSING MANAGEMENT INC 2032304809 127 WASHINGTON AVENUE 5TH FLOOR NORTH HAVEN CT 06473 X KENNETH HJULSTROM PRESIDENT 1.00 X X 0 0 0 LOUISE CONCODELLO VICE PRESIDENT 1.00 X X 0 0 0 JUDY KELLY TREASURER 1.00 X X 0 0 0 DEE HJULSTROM SECRETARY 1.00 X X 0 0 0 RITA MCGARY DIRECTOR 1.00 X 0 0 0 DAVE PRATT DIRECTOR 1.00 X 0 0 0 DAWN TAVOLIER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 55948 55948 OCCUPANCY/RENTAL INCOM 623990 145452 145452 145452 31 31 LAUNDRY INCOME 623990 2246 2246 2246 203677 147698 0 31 47919 47919 10412 10412 2883 2883 18096 9048 9048 2718 1359 1359 135 135 1394 697 697 21145 21145 69219 69219 16589 16589 REPAIRS & MAINTENANCE 39731 39731 CONTRACTUAL SERVICES 12805 12805 MISCELLANEOUS ADMINISTR 5427 5427 TELEPHONE 4727 4727 4843 4843 258043 241512 16531 0 5517 43253 67794 58443 -584 -472 10290 10831 2626250 1854396 841073 771854 2752 2751 926842 886660 27022 41206 27022 41206 X 899820 845454 899820 845454 926842 886660 -54366 0 X X 1 X 0 0 0 X 73128 68664 60735 75198 55948 333673 73128 68664 60735 75198 55948 333673 333673 142 114 86 32 31 405 2612 5060 2318 19820 2246 32056 366134 661815 0.91130 0.91670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY INCOME - 2018 AMOUNT: $ 2,282. 2019 AMOUNT: $ 5,060. 2020 AMOUNT: $ 2,318. 2021 AMOUNT: $ 1,348. 2022 AMOUNT: $ 2,246. REPAIR FUNDS FROM UTILITY COMPANIES - 2021 AMOUNT: $ 18,472. OTHER - 2018 AMOUNT: $ 330. 2582461 1839917 742544 43789 14479 29310 771854 X 203677 0 203677 0 203677 193934 0 193934 64109 64109 258043 PART X, LINE 2: MARLBOROUGH ASSOCIATION FOR SENIOR HOUSING, INC. IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 509(A)(2) AND 170(B)(1)(A) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MARLBOROUGH IS SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR UNRELATED BUSINESS INCOME. MARLBOROUGH BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS; THEREFORE, MARLBOROUGH HAS NOT RECORDED ANY TAX ASSETS, LIABILITIES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES AS OF JUNE 30, 2023. TAX RETURNS FOR THE ORGANIZATION ARE OPEN FOR INSPECTION FOR A PERIOD OF THREE YEARS FROM THE FILING DATE OF THE RETURNS (YEARS ENDING JUNE 30, 2020 - JUNE 30, 2022). PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECOGNITION-GAAP VS HISTORICAL DECD ACCOUNTING BASIS (DEPRECIATION) 64,109. FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT AND SECRETARY FOR THE ORGANIZATION ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 3 MARLBOROUGH ASSOCIATION FOR SENIOR HOUSING, INC. HAS A MANAGEMENT AGREEMENT WITH ELDERLY HOUSING MANAGEMENT, INC. (EHM) FOR MANAGEMENT OF THE PROPERTY. EHM IS A NONPROFIT ORGANIZATION AND IS A MANAGEMENT COMPANY THAT SPECIALIZES IN THE MANAGEMENT OF ELDERLY HOUSING FACILITIES. EHM HAS CERTAIN ADMINISTRATIVE REPSONSIBILITIES AND HELPS ENSURE THAT THE ORGANIZATION IS IN COMPLIANCE WITH ITS REPORTING REQUIREMENT TO DOH (FUNDING SOURCE). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT AND/OR TREASURER FOR APPROVAL BEFORE FILING. IT IS AVAILABLE TO ALL BOARD MEMBERS AS WELL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS INCORPORATED AS PART OF THE BYLAWS. ANNUALLY UPON ELECTION TO THE BOARD, BOARD MEMBERS ARE REMINDED OF THEIR RESPONSIBILITY FOR ADHERENCE TO THE BYLAWS, POLICIES AND PROCEDURES OF THE ORGANIZATION. BOARD MEMBERS MUST DISCLOSE RELATED TRANSACTIONS AND POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE INCLUDING ABSTAINING FROM A VOTE AS REQUIRED/NECESSARY. ALL EHM EMPLOYEES RECEIVE AN EMPLOYEE HANDBOOK UPON EMPLOYMENT WHICH THEY ARE REQUIRED TO REVIEW AND SIGN A FORM ACKNOWLEDGING THIS HAS BEEN DONE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS ADOPTED BY THE ORGANIZATION AS PART OF THEIR BYLAWS. FORM 990, PART XII, LINE 2 THE ORGANIZATION IS REQUIRED BY THE STATE OF CONNECTICUT, DEPARTMENT OF HOUSING AND CONNECTICUT HOUSING FINANCE AUTHORITY TO HAVE A PROGRAM SPECIFIC AUDIT CONDUCTED OF ITS FINANCIAL STATEMENTS. EFFECTIVE 7/1/17 DEPARTMENT OF HOUSING AND CONNECTICUT HOUSING FINANCE AUTHORITY IMPLEMENTED GAAP BASIS ACCOUNTING RATHER THAN THE DECD BASIS OF ACCOUNTING. THE BOARD ENGAGES THE AUDITOR AND OVERSEES THE PROCESS IN CONJUNCTION WITH ITS MANAGEMENT COMPANY. PERIODICALLY, CHFA AND DOH INSTRUCT THE ORGANIZATION TO HAVE A COMPILATION INSTEAD OF AN AUDIT FOR COST SAVING PURPOSES SINCE THE ANNUAL REVENUE IS LOW. FOR FYE 6/30/23 THE ORGANIZATION WAS INSTRUCTED TO HAVE A COMPILATION. THE ANNUAL TAX RETURN IN PREPARED ON GAAP BASIS ACCOUNTING. THEREFORE, THE DIFFERENCES ARE RECONCILED ON SCHEDULE D, PARTS XI, XII, AND PARTS XIII OF THE 990.