2024-05-09T14:25:24-05:00 2023-06-30 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2022-07-01 542096956 WAKEFIELD SENIOR HOUSING CORP WAKE 7812457328 26 CRESCENT STREET WAKEFIELD MA 01880 MARK TARPEY PRESIDENT 7812457328 2024-05-08 1 MARK TARPEY 999009999 0 KRISTEN CUMMINGS P01510495 6178075000 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK TARPEY 26 CRESCENT STREET WAKEFIELD MA 01880 313337 0 X N/A X 2003 MA TO PROVIDE DECENT, CLEAN, AND SANITARY HOUSING TO LOW INCOME ELDERLY PERSONS. HELPING TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY, ENCOURAGE INDIVIDUALS TO ACHIEVE MAXIMUM INDEPENDENCE. 8 8 0 10 0 0 137748 173733 134083 139358 104 246 0 0 271935 313337 0 0 0 0 0 0 0 0 0 373520 349857 373520 349857 -101585 -36520 2739737 2700334 1044364 1041481 1695373 1658853 TO PROVIDE DECENT, CLEAN, AND SANITARY HOUSING TO LOW INCOME ELDERLY PERSONS. HELPING TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY, ENCOURAGE INDIVIDUALS TO ACHIEVE MAXIMUM INDEPENDENCE. 0 0 296599 139358 THE ORGANIZATION MAINTAINS A RESIDENTIAL FACILITY WITH 22 UNITS WHICH PROVIDE HOUSING TO LOW INCOME ELDERLY PERSONS IN WAKEFIELD, MA. FUNDING TO BUILD THE FACILITY WAS PROVIDED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 296599 1 1 0 0 0 0 0 0 1 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 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X WAKEFIELD HOUSING AUTHORITY 7812457328 26 CRESCENT STREET WAKEFIELD MA 01880 X MARK TARPEY PRESIDENT 1.00 X X 0 0 0 KATHLEEN BEAULIEU TREASURER 1.00 X X 0 0 0 KAREN BURKE CLERK 1.00 X X 0 0 0 JUDY MCCARTHY TENANT REPRESENTATIVE 1.00 X 0 0 0 MARIE AMMER DIRECTOR 1.00 X 0 0 0 LEO BARRETT DIRECTOR 1.00 X 0 0 0 SANDRA GASS DIRECTOR 1.00 X 0 0 0 MAUREEN HICKEY DIRECTOR 1.00 X 0 0 0 LISA GURGONE DIRECTOR 1.00 X 0 0 0 SARAH FOWLER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 173733 173733 TENANT RENTS 531110 136907 136907 LAUNDRY AND VENDING IN 531390 2451 2451 139358 246 246 313337 139358 0 246 X 13000 13000 18100 18100 76231 55638 20593 1565 1565 98974 98974 115298 115298 3240 3240 NURSING CARE 23449 23449 349857 296599 53258 0 134345 190824 0 8328 10225 21313 4248752 1768883 2595167 2479869 2739737 2700334 75249 72415 57 0 11058 11066 958000 958000 1044364 1041481 X -1434227 -1470747 3129600 3129600 1695373 1658853 2739737 2700334 -36520 0 X 0 1 X 1 1 1 X 151755 139395 133349 137748 173733 735980 151755 139395 133349 137748 173733 735980 735980 621 332 303 104 246 1606 737586 0.99780 0.99730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4200486 1722312 2478174 13632 13632 0 8110 8110 0 26524 24829 1695 2479869 X 313337 0 313337 0 313337 349857 0 349857 0 349857 PART IV, LINE 2B: ESCROW LIABILITY ARRANGEMENT EXPLANATION - THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE. PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED A TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(3). THE ORGANIZATION IS NOT A PRIVATE FOUNDATION. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. MANAGEMENT HAS STATED THERE ARE CURRENTLY NO EXAMINATIONS PENDING OR IN PROGRESS. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN INTEREST ON INCOME TAX. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DELEGATED - THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH WAKEFIELD HOUSING AUTHORITY (WHA). WHA RECEIVES A MONTHLY FEE EQUAL TO 4.32% OF INCOME COLLECTED. MANAGEMENT FEES OF $13,000 WERE INCURRED FOR THE YEAR ENDED JUNE 30, 2023. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE FORM 990 IS REVIEWED AT THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MGT SVCS - REIMB WAGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,593. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,593. MGT SVCS - REIMB BENEFITS: PROGRAM SERVICE EXPENSES 55,638. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,638.