2024-11-15T15:02:01-06:00 2023-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2023-01-01 043145070 THE PELHAM II CORPORATION C/O JOHN M CORCORAN & COMPANY PELH 7818490014 100 GRANDVIEW ROAD 205 BRAINTREE MA 02184 ROBERT ENGLER PRESIDENT 7818490014 2024-11-15 1 0 KAREN LO P01434915 6179129000 2023 2024-10-15 13:58:12Z X THE PELHAM II CORPORATION ROBERT E ENGLER 100 GRANDVIEW ROAD 205 BRAINTREE MA 02184 6099992 0 9251 X N/A X 1990 MA TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME. 10 10 0 10 0 0 3822248 3941754 1888690 2119964 3112 10981 27858 27293 5741908 6099992 1200000 1300000 0 0 540314 603979 0 0 0 2886599 3112081 4626913 5016060 1114995 1083932 9417176 10094960 23591115 23184967 -14173939 -13090007 TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME. 0 0 4666852 1300000 2130052 TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME. 4666852 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 MA X CHERYL PENN CO JOHN M CORCORAN & COMPANY 7818490014 100 GRANDVIEW ROAD 205 BRAINTREE MA 02184 X JOANN BARBOUR TRUSTEE 0.10 0.40 X 0 0 0 SUSAN P DARGAN TRUSTEE 0.10 0.40 X 0 0 0 BRIAN ENGLER TRUSTEE 0.10 0.40 X 0 0 0 GEOFFREY ENGLER TRUSTEE 0.10 0.40 X 0 0 0 EDNA SMITH TRUSTEE 0.10 0.40 X 0 0 0 JAMES STOCKARD TRUSTEE 0.10 0.40 X 0 0 0 ROBERT E ENGLER PRESIDENT 0.20 0.80 X X 0 0 0 PHILIP GIFFEE CLERK 0.20 0.60 X X 0 0 0 MARVIN M SIFLINGER CHAIRMAN 0.10 0.40 X X 0 0 0 JEANNE STRICKLAND TREASURER 0.20 0.60 X X 0 0 0 0 0 0 0 0 0 0 CORCORAN MANAGEMENT COMPANY 100 GRANDVIEW ROAD BRAINTREE MA 02184 PROPERTY MANAGEMENT/BOOKKEEPING 380067 NOBEL COMPANY INC PO BOX 505538 CHELSEA MA 02150 CLEANING SERVICE 135383 2 3941754 3941754 RENTAL INCOME 532000 2119964 2119964 2119964 10981 10981 CABLE INCOME 900099 10105 10105 UTILITY REIMBURSEMENT 900099 3702 3702 LAUNDRY 532000 3398 3398 10088 10088 27293 6099992 2130052 0 28186 1300000 1300000 473025 473025 14097 14097 116857 116857 303495 303495 32550 32550 45713 45713 6223 6223 31139 31139 69163 69163 554084 554084 647989 647989 150450 150450 295296 295296 OPERATION & MAINTENANCE 575668 575668 ELDERLY & CONGRGATE SER 243070 243070 BAD DEBT EXPENSE 64515 64515 SECURITY CONTRACT 23751 23751 68975 68975 5016060 4666852 349208 0 2311063 2808063 92404 99492 164457 66545 218763 220683 20762926 16273808 4374205 4489118 2256284 2411059 9417176 10094960 352963 390169 53195 25683 90724 97626 23094233 22671489 23591115 23184967 X -14173939 -13090007 -14173939 -13090007 9417176 10094960 1083932 0 X 0 1 X 1 1 1 X 3091395 3064468 3407450 3822248 3941754 17327315 3091395 3064468 3407450 3822248 3941754 17327315 17327315 6113 2823 1114 3112 10981 24143 4061 18021 18007 17240 17205 74534 17425992 9517287 0.99430 0.99520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CABLE INCOME - 2020 AMOUNT: $ 11,269. 2021 AMOUNT: $ 12,686. 2022 AMOUNT: $ 11,409. 2023 AMOUNT: $ 10,105. UTILITY REIMBURSEMENT - 2020 AMOUNT: $ 3,146. 2021 AMOUNT: $ 1,417. 2022 AMOUNT: $ 3,545. 2023 AMOUNT: $ 3,702. LAUNDRY AND VENDING - 2019 AMOUNT: $ 4,061. 2020 AMOUNT: $ 3,606. 2021 AMOUNT: $ 3,904. 2022 AMOUNT: $ 2,286. 2023 AMOUNT: $ 3,398. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1454330 1454330 19051115 16019802 3031313 257481 254006 3475 4489118 ESCROW DEPOSITS 287817 REPLACEMENT RESERVE 2123242 2411059 X 6035477 -64515 -64515 6099992 0 6099992 4951545 0 4951545 64515 64515 5016060 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS CONSIST OF: TENANT SECURITY DEPOSITS $ 287,817 THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT AND ARE REFUNDED TO THE TENANT AT THE END OF THE LEASE. 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 TAKEN BY 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 TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE -64,515. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE 64,515. 1 THE PELHAM CORPORATION 100 GRANDVIEW ROAD SUITE 205 BRAINTREE MA 02184 043018996 501(C)(3) 1243459 0 GENERAL PURPOSE CONTRIBUTION PELHAM LIFE LONG LEARNING CENTER INC 100 GRANDVIEW ROAD SUITE 205 BRAINTREE MA 02184 820614029 501(C)(3) 56541 0 GENERAL PURPOSE CONTRIBUTION 2 PART I, LINE 2: THE $1,300,000 CONTRIBUTION FROM THE PELHAM II CORPORATION TO THE PELHAM CORPORATION & PELHAM LIFE LONG LEARNING CENTER, INC. ARE MONITORED BY AN INVESTMENT COMMITTEE MADE UP OF MEMBERS FROM THE PELHAM CORPORATION BOARD. THE INVESTMENT COMMITTEE CAN MAKE RECOMMENDATIONS ON THE USE OF FUNDS AND REPORTS TO THE PELHAM CORPORATION FOR APPROVAL. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES, GEOFFREY ENGLER AND BRIAN ENGLER, AND PRESIDENT, ROBERT ENGLER HAVE A FAMILY AND BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY IS MANAGED BY JOHN M. CORCORAN & COMPANY FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SENT TO THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR REVIEW AND SIGNATURE PRIOR TO FILING. IN ADDITION, THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWER, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS REQUIRED TO SIGN A STATEMENT ANNUALLY THAT AFFIRMS THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION'S ACTIVITIES AS IT RELATES TO ITS TAX-EXEMPT PURPOSE. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DESIGNATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. WHEN APPLICABLE, THE ORGANIZATION PERIODICALLY REVIEWS THAT COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULTS OF ARM'S LENGTH BARGAINING; AND WHETHER PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S POLICIES. THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 IS AVAILABLE WITHOUT SCHEDULE B VIA GUIDESTAR AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE. THE PELHAM CORPORATION 100 GRANDVIEW ROAD SUITE 205 BRAINTREE MA 02184 043018996 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 N/A 0 PELHAM LIFE LONG LEARNING CENTER INC 100 GRANDVIEW ROAD SUITE 205 BRAINTREE MA 02184 820614029 EDUCATIONAL AND LIFE SKILLS PROGRAMS MA 501(C)(3) LINE 7 THE PELHAM CORPORATION 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 THE PELHAM CORPORATION B 1243459 PELHAM LIFE LONG LEARNING CENTER INC B 56541