2024-05-06T14:05:01-05:00 2023-12-31 043138777 PKF JND PC 400 CROWN COLONY DRIVE SUITE 102 QUINCY MA 02169 990 2023-01-01 861115165 VILLAGE AT ASCENSION HEIGHTS INC C/O CORNERSTONE CORPORATION VILL 7814072100 ONE UNIVERSITY AVENUE 110 WESTWOOD MA 02090 CHRISTOPHER PALMER AGENT 7814072100 2024-04-18 1 CHRISTOPHER PALMER 999009999 0 GEORGE B JANES P00967588 6174220007 2024-04-18 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z FR JOHN F MADDEN ONE UNIVERSITY AVENUE 110 WESTWOOD MA 02090 523747 0 X N/A X 2004 MA THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS IN WORCESTER, MASSACHUSETTS, AND IN ACCORDANCE WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES. ITS MOST SIGNIFICANT ACTIVITY IS TO PROVIDE 35 APARTMENT UNITS OF LOW INCOME HOUSING TO QUALIFYING INDIVIDUALS IN THE WORCESTER, MASSACHUSETTS AREA. 8 8 0 9 0 0 0 0 369589 390694 571 12776 0 120277 370160 523747 0 0 0 0 77092 83790 0 0 0 483727 464379 560819 548169 -190659 -24422 3962717 3931637 5897164 5890506 -1934447 -1958869 THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS IN THE WORCESTER, MASSACHUSETTS AREA, IN ACCORDANCE WITH THE UNITED STATES DEPARTMENT OF HOUSING & URBAN DEVELOPMENT GUIDELINES. 0 0 480014 390694 TO PROVIDE 35 APARTMENT UNITS OF LOW-INCOME ELDERLY HOUSING IN WORCESTER, MASSACHUSETTS. RENT SUBSIDIES ARE RECEIVED FROM THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT AGENCY. 480014 1 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 1 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 MA X PAUL J TRYDER 7814072100 ONE UNIVERSITY AVENUE WESTWOOD MA 02090 X MADDEN FR JOHN F PRESIDENT 2.00 X X 0 0 0 PALMER CHRISTOPHER TREASURER 2.00 X X 0 0 0 LAURIE LORRAINE SECRETARY 2.00 X X 0 0 0 ANGERS JEANNE DIRECTOR 1.00 X 0 0 0 FRESOLO JOHN DIRECTOR 1.00 X 0 0 0 RILEY JR RICHARD DIRECTOR (THRU APRIL 2022) 1.00 X 0 0 0 SIMONCINI KENNETH DIRECTOR 1.00 X 0 0 0 SKRZEK SANDRA DIRECTOR 1.00 X 0 0 0 TESTA MICHAEL DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 388654 388654 LAUNDRY INCOME 531110 1890 1890 TENANT CHARGES 531110 150 150 390694 12776 12776 INSURANCE CLAIM 531110 120277 120277 120277 523747 390694 0 133053 73389 61525 11864 7738 7738 2663 2663 27571 27571 9250 9250 12086 12086 117640 116339 1301 168555 166718 1837 28991 28670 321 REPAIRS & MAINTENANCE 93455 93455 OTHER EXPENSES 6831 2906 3925 548169 480014 68155 0 200 3591 1213 1300 7759 1142 7870 6131321 2670756 3588156 3460565 370706 451852 3962717 3931637 34136 24255 5851280 5853650 11748 12601 5897164 5890506 X -1934447 -1958869 -1934447 -1958869 3962717 3931637 -24422 0 X X 0 1 X 1 1 1 X 374063 370330 412079 369589 390694 1916755 374063 370330 412079 369589 390694 1916755 0 220785 221253 224566 223227 218887 1108718 220785 221253 224566 223227 218887 1108718 808037 276 201 191 571 12776 14015 276 201 191 571 12776 14015 374339 370531 412270 370160 403470 1930770 0.41850 0.42120 0.00730 0.00080 X 5791772 2371985 3419787 339549 298771 40778 3460565 TENANTS' SECURITY DEPOSITS 15647 MORTGAGE ESCROW DEPOSITS 16462 REPLACEMENT RESERVE 410479 RESIDUAL RECEIPTS RESERVE 9264 451852 SECURITY DEPOSITS 12601 12601 X 523747 0 523747 0 523747 548169 0 548169 0 548169 PART X, LINE 2: THE CORPORATION WAS ORGANIZED AS A TAX-EXEMPT ENTITY UNDER MGL CHAPTER 180, AND HAS BEEN CLASSIFIED AS EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE CORPORATION IS PRESENTLY CONSIDERED AS "OTHER THAN A PRIVATE FOUNDATION". THE CORPORATION MAY BE SUBJECT TO FEDERAL TAXATION IN FUTURE PERIODS TO THE EXTENT OF ITS UNRELATED BUSINESS TAXABLE INCOME (UBTI), IF ANY. DURING THE YEAR ENDED DECEMBER 31, 2023, THE CORPORATION'S SUPPORT AND REVENUES WERE REALIZED EXCLUSIVELY FROM EXEMPT ACTIVITIES. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO AUDIT BY TAXING AUTHORITIES FOR THREE YEARS AFTER FILING. FORM 990, PART VI, SECTION A, LINE 2 TWO DIRECTORS ARE FAMILY MEMBERS: JOHN FRESOLO AND SANDRA SKRZEK ARE SIBLINGS. FORM 990, PART VI, SECTION A, LINE 3 CORNERSTONE CORPORATION, ONE UNIVERSITY AVENUE, SUITE 110, WESTWOOD, MA 02090. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED AT THEIR ANNUAL MEETING OR AT ANY REGULAR OR SPECIAL MEETING, THE NOTICE OF WHICH SPECIFIES THE ELECTION OF DIRECTORS AS AN ITEM OF BUSINESS FOR SUCH MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATION SHALL NOT HAVE ANY MEMBERS. ANY ACTION OR VOTE REQUIRED OR PERMITTED BY LAW TO BE TAKEN BY MEMBERS SHALL BE TAKEN BY ACTION OR VOTE OF THE SAME PERCENTAGE OF THE DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BOARD BEFORE IT IS FILED. THE TREASURER ALSO REVIEWS FOR COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE ATTACHED TO THE MASSACHUSETTS FORM PC FILED WITH THE ATTORNEY GENERAL'S OFFICE. THIS FORM IS OPEN TO PUBLIC INSPECTION. GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. A COPY OF BY-LAWS IS ON FILE AT THE OFFICE AT 42 VERNON STREET, WORCESTER, MA 01610. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS A MANAGEMENT AGENT, CORNERSTONE CORPORATION, WHO ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT PROCESS.