2024-04-15T12:47:57-05:00 2023-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2023-01-01 043178329 123 CRAWFORD STREET INC C/O COMMONWEALTH LAND TRUST 123C 6174454075 1059 TREMONT STREET SUITE 2 BOSTON MA 02120 IVA COMEY PRESIDENT/CEO 6174454075 2024-04-15 IVA COMEY 999009999 0 COLLEEN DALFONSO P01707306 6172629898 2024-04-15 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z IVA COMEY 1059 TREMONT STREET SUITE 2 BOSTON MA 02120 334216 0 X COMMONWEALTHLANDTRUST.ORG X 1992 MA TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR LOW-INCOME INDIVIDUALS 10 9 0 0 0 0 237012 262529 57930 71651 52 36 2829 0 297823 334216 0 0 0 0 0 0 0 0 0 350461 394466 350461 394466 -52638 -60250 2027021 2107367 2035692 2176288 -8671 -68921 TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR LOW-INCOME INDIVIDUALS. 0 0 320940 71651 OWNED, OPERATED, MANAGED, AND SERVICED A RESIDENTIAL BUILDING UTILIZED BY LOW INCOME RESIDENTS AND INDIVIDUALS ELIGIBLE FOR COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF MENTAL HEALTH STAFFED PROGRAMS. 320940 1 1 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 MA X THE ORGANIZATION 6174454075 1059 TREMONT STREET SUITE 2 BOSTON MA 02120 IVA COMEY PRESIDENT 0.50 40.50 X X 0 194462 0 ALBERTO CHANG LCSW DIRECTOR 0.50 1.00 X 0 0 0 ALEXANDER SCHULTZ VICE CHAIR 0.50 1.00 X X 0 0 0 ALEXANDRA SCHWEITZER DIRECTOR 0.50 1.00 X 0 0 0 DAVID ROSENBLATT DIRECTOR 0.50 1.00 X 0 0 0 BRUCE HENDERSON CHAIR 0.50 1.00 X X 0 0 0 MARVA SEROTKIN DIRECTOR 0.50 1.00 X 0 0 0 DAVID HALE CLERK 0.50 1.00 X X 0 0 0 TAMIRIRASHE GAMBIZA TREASURER 0.50 1.00 X X 0 0 0 AMANDA WALL DIRECTOR 0.50 1.00 X 0 0 0 MONICA JUSCEN CFO 0.50 40.50 X 0 165756 1476 0 360218 1476 0 0 1 0 0 262529 262529 RENTAL INCOME 532000 71651 71651 71651 36 36 334216 71651 0 36 X 23395 23395 1771 1771 18257 18257 154963 123089 31874 86106 86106 6161 6161 64240 64240 BAD DEBT 25239 25239 PROGRAM SUPPLIES AND SU 14334 14334 394466 320940 73526 0 123271 250264 79146 85673 15903 12927 14006 25362 2388088 663703 1785046 1724385 9649 8756 2027021 2107367 33044 55903 9614 8718 1165967 1380259 827067 731408 2035692 2176288 X -114395 -168484 105724 99563 -8671 -68921 2027021 2107367 -60250 0 X X 0 1 X 1 1 1 X 139673 127585 126962 237012 262529 893761 44849 49683 36721 57930 71651 260834 184522 177268 163683 294942 334180 1154595 0 0 0 1154595 59 65 54 52 36 266 59 65 54 52 36 266 6787 6474 97764 2829 113854 191368 183807 261501 297823 334216 1268715 0.91010 0.86020 0.00020 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 6,787. 2020 AMOUNT: $ 6,474. 2021 AMOUNT: $ 97,764. 2022 AMOUNT: $ 2,829. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 X 2388088 663703 1724385 1724385 DUE TO AFFILIATES 731408 731408 X 334216 0 334216 0 334216 394466 0 394466 0 394466 PART IV, LINE 2B: THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: 123 CRAWFORD STREET, INC. EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT DECEMBER 31, 2023, THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX YEARS (2020 - 2022). 0 0 0 0 0 0 0 0 0 IVA COMEY PRESIDENT 0 194462 0 0 0 0 0 0 0 0 0 194462 0 0 MONICA JUSCEN CFO 0 165756 0 0 0 0 0 0 0 1476 0 167232 0 0 PART I, LINE 3: ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 COMMONWEALTH LAND TRUST, INC. (CLT), A NONPROFIT ORGANIZATION THAT HAS COMMON BOARD MEMBERS WITH THE CORPORATION, MANAGES THE OPERATIONS OF THE BUILDING, AND PROVIDES SERVICES IN CONNECTION WITH LEASING AND MANAGING THE PROJECT. IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT, THE CORPORATION IS TO PAY ITS MANAGEMENT AGENT A MONTHLY MANAGEMENT FEE EQUAL TO 7% OF GROSS RENTS RECEIVED, AS DEFINED IN THE AGREEMENT. FOR THE YEAR ENDED DECEMBER 31, 2022 THE MANAGEMENT FEE AMOUNTED TO $20,848. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES OTHER THAN THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CFO AND THE PRESIDENT/CEO OF COMMONWEALTH LAND TRUST. A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THE POLICY ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 123,089. MANAGEMENT AND GENERAL EXPENSES 31,874. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,963. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. COMMONWEALTH LAND TRUST 1059 TREMONT STREET ROXBURY MA 02120 222753637 LOW INCOME HOUSING MA 501(C)(3) LINE 7 N/A 0 BOWDOIN MANOR HOUSING INC 1059 TREMONT STREET ROXBURY MA 02120 823536947 LOW INCOME HOUSING MA 501(C)(3) LINE 7 COMMONWEALTH LAND TRUST 0 LOWER ROXBURY APARTMENTS LIMITED PARTNERSHIP 1059 TREMONT STREET ROXBURY MA 02120 010788318 OPERATE LOW INCOME HOUSING IN BOSTON MA N/A 0 0 CGM LIMITED PARTNERSHIP 1059 TREMONT STREET ROXBURY MA 02120 043296172 OPERATE LOW INCOME HOUSING IN BOSTON MA N/A 0 0 CGM INC 1059 TREMONT STREET ROXBURY MA 02120 043296170 PROVIDES ADMINISTRATIVE OVERSIGHT OF CGM LP MA N/A C 0 LOWER ROXBURY APARTMENTS INC 1059 TREMONT STREET ROXBURY MA 02120 010788314 PROVIDES ADMINISTRATIVE OVERSIGHT OF LOWER ROXBURY APARTMENTS LP MA N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0