2024-05-15T12:29:22-05:00 2023-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2022-07-01 042761758 CARD INC (MILL POND) C/O PEABODY PROPERTIES INC CARD 7817941000 536 GRANITE STREET BRAINTREE MA 02184 PETER FARDIG PRESIDENT 7817941000 2024-05-14 1 PETER FARDIG 999009999 0 KAREN LO P01434915 6179129000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER FARDIG 536 GRANITE STREET BRAINTREE MA 02184 913750 0 X N/A X 1981 MA PROVIDE LOW-INCOME HOUSING FACILITIES TO THE ELDERLY AND HANDICAP. 5 5 0 6 0 0 0 0 1174559 857300 2994 -3795 1364 1304 1178917 854809 0 0 0 0 192494 221745 0 0 0 712480 921752 904974 1143497 273943 -288688 3460348 5861640 2808666 5498646 651682 362994 TO PROVIDE LOW-INCOME FACILITIES TO THE ELDERLY AND HANDICAP. 0 0 753133 857300 CARD, INC. PROVIDED 50 UNITS OF LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED IN LITTLETON, MASSACHUSETTS. 753133 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 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 1 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 0 0 0 MA X PEABODY PROPERTIES 7817941000 536 GRANITE STREET BRAINTREE MA 02184 X GINO FRATTALLONE BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD GLEASON PRESIDENT (THRU SEPT. 2022), VP 1.00 0.00 X X 0 0 0 AMY LOOMIS BOARD MEMBER (THRU SEPT. 2022) 1.00 0.00 X 0 0 0 RICHARD LARRABEE VP (THRU SEPT. 2022), PRESIDENT 1.00 0.00 X X 0 0 0 LIN XIE TREAS THRU SEPT 2022 BOARD MEMBER 1.00 0.00 X X 0 0 0 PETER FARGID TREASURER (AS OF SEPT. 2022) 1.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 532000 857300 857300 857300 55146 55146 58941 -58941 -58941 -58941 LAUNDRY INCOME 532000 1304 1304 1304 854809 857300 0 -2491 188522 57213 131309 20552 20552 12671 12671 63766 63766 568 568 32337 32337 46627 519 46108 855 855 22034 1651 20383 4721 4721 61593 54428 7165 265308 265308 62116 62116 53644 53644 SERVICE CONTRACTS 185424 185424 REPAIRS AND MAINTENANCE 28830 28830 REAL ESTATE TAXES 5406 5406 VACANCY EXPENSE 5371 5371 83152 83152 1143497 753133 390364 0 329781 342748 6529 1012982 3215 2598 23637 30739 1561349 20956 1602509 1540393 34999 1459678 2932180 3460348 5861640 77175 99679 14103 13378 2703575 5359376 13813 26213 2808666 5498646 X 651682 362994 651682 362994 3460348 5861640 -288688 0 X 0 1 X 0 1 1 X 948751 978892 1207504 1174559 1213111 5522817 948751 978892 1207504 1174559 1213111 5522817 0 0 0 5522817 15810 13024 1845 2994 55146 88819 15810 13024 1845 2994 55146 88819 1563 1560 1391 1364 1304 7182 966124 993476 1210740 1178917 1269561 5618818 0.98290 0.99060 0.01580 0.00800 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY MISCELLANEOUS INCOME 0 1 X 153478 153478 1407871 20956 1386915 1540393 REAL ESTATE TAX AND INSURANCE 56178 RESERVE FOR REPLACEMENTS 685056 TENANT SECURITY DEPOSITS 13437 RESIDUAL RECEIPTS 743747 OTHER ESCROWS AND RESERVES 1433762 2932180 ACCRUED MORTGAGE INTEREST 21913 PREPAID RENT 4300 26213 X 908379 -5371 -5371 913750 -58941 -58941 854809 1197067 58941 58941 1138126 5371 5371 1143497 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE RETURNED TO THE TENANTS AT THE TERMINATION OF THE LEASE IF NO AMOUNTS ARE OWED BY THE TENANT. PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE CORPORATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C)(3) STATUS BY THE INTERNAL REVENUE SERVICE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS OF THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: VACANCY EXPENSE NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS -5,371. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE NETTED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS -58,941. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE NETTED WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS 58,941. PART XII, LINE 4B - OTHER ADJUSTMENTS: VACANCY EXPENSE NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 5,371. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS CONTRACTED WITH PEABODY PROPERTIES, INC. TO MANAGE THE RENTAL PROPERTY. PEABODY PROPERTIES, INC. OVERSEES DAILY OPERATIONS OF THE BUILDING, DAILY MAINTENANCE, RESIDENTS NEEDS AND PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT PRIOR TO FILING. THE FORM 990 WILL BE DISTRIBUTED TO THE FULL BOARD PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND THE FOLLOWING ARE THE PROCEDURES WHEN POTENTIAL CONFLICT OF INTEREST ARISES. PRIOR TO ACTION ON A TRANSACTION INVOLVING A CONFLICT OF INTEREST, A CORPORATE MEMBER OR DIRECTOR HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 IS AVAILABLE VIA CANDID (FORMERLY KNOWN AS GUIDESTAR) AND ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART V, LINE 2B & PART VII SECTION A: SALARIES AND PAYROLL REPORTED ON THE FINANCIAL STATEMENTS ARE ALLOCATIONS OF COSTS INCURRED BY THE MANAGEMENT COMPANY FOR THE TIME THAT THEIR EMPLOYEES PERFORM VARIOUS DIRECT OFFICE AND MAINTENANCE FUNCTIONS FOR THE ORGANIZATION. THESE COSTS INCLUDE SALARY AND PAYROLL RELATED BENEFITS AND ARE REPORTED AS SALARIES IN CONFORMITY WITH REGULATORY REPORTING REQUIRED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. TOTAL COMPENSATION FOR ALLOCATED SALARIES, PAYROLL AND BENEFIT COSTS ARE AS FOLLOWS: SALARIES: $201,457 PAYROLL AND BENEFIT COSTS: $20,288 PARKER BIRCH LLC 536 GRANITE STREET BRAINTREE MA 02184 844794014 ACQUIRE, OWN, OPERATE, MANAGING, REDEVELOPING, FINANCING WITH REAL PROPERTY MA CARD INC PARKER BIRCH LIMITED PARTNERSHIP 536 GRANITE STREET BRAINTREE MA 02184 883261296 TO ACQUIRE, OWN, AND OPERATE MILL POND, AN ELDERLY HOUSING APARTMENT COMPLEX MA PARKER BIRCH LLC RELATED 718606 4716492 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 PARKER BIRCH LIMITED PARTNERSHIP R 1561349 FMV