2024-06-17T10:13:16-05:00 2023-07-31 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-08-01 222652634 FIRST HOUSING CORPORATION FIRS 8605282885 1130 ALBANY AVENUE HARTFORD CT 06112 LINDA MARTIN PRESIDENT 8605285000 2024-06-12 1 LINDA MARTIN 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2024-05-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHEDRAL MANOR LINDA MARTIN 50 FOUNDERS PLAZA SUITE 200 EAST HARTFORD CT 06108 1083737 0 X N/A X 1985 CT PROVIDE HOUSING TO LOW INCOME ELDERLY PERSONS. 7 7 6 7 0 0 0 0 1019504 1035401 194 289 32381 48047 1052079 1083737 0 0 0 0 147801 146897 0 0 0 817079 875539 964880 1022436 87199 61301 1455089 1381453 3772885 3637948 -2317796 -2256495 TO PROVIDE AFFORDABLE HOUSING TO ELDERLY HOUSEHOLDS. 0 0 913328 1083448 PROVIDE AFFORDABLE HOUSING FACILITIES TO LOW INCOME ELDERLY HOUSEHOLDS. 913328 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 8 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X KIMALEE WILLIAMSFAITH ASSET MANAGEMENT LLC 8605285000 50 FOUNDERS PLAZA SUITE 200 EAST HARTFORD CT 06108 X ERIC MARTIN DIRECTOR 0.50 X 0 0 0 IDA COLEMAN TREASURER 0.50 X X 0 0 0 LINDA MARTIN PRESIDENT 0.50 X X 0 0 0 LOUIS ROBERSON DIRECTOR 0.50 X 0 0 0 ODELL SAMPSON DIRECTOR 0.50 X 0 0 0 SARA GRANT DIRECTOR 0.50 X 0 0 0 SHIRLEY JACKSON SECRETARY 0.50 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 1035401 1035401 1035401 289 289 OTHER ELDERLY CARE/COO 531110 37280 37280 LAUNDRY & VENDING 531110 4077 4077 6690 6690 48047 1083737 1083448 0 289 134227 134227 2662 2662 10008 10008 68370 68370 40738 40738 34100 34100 162648 162648 340 340 186225 186225 41961 41961 109038 109038 REPAIRS & MAINTENANCE 215142 215142 PAYROLL PROCESSING FEE 4739 4739 BAD DEBTS 267 267 CREDIT REPORTS 231 231 11740 11740 1022436 913328 109108 0 23983 63697 708594 572737 33847 28131 240772 278489 5621120 5307769 338792 313351 107854 101322 1247 23726 1455089 1381453 173568 108793 2930 1149 3596387 3496944 0 31062 3772885 3637948 X -2317796 -2256495 -2317796 -2256495 1455089 1381453 61301 0 X 0 1 X 1 1 1 X 1006830 995767 1021572 1019504 1035401 5079074 1006830 995767 1021572 1019504 1035401 5079074 0 0 0 5079074 368 384 231 194 289 1466 368 384 231 194 289 1466 23379 22463 32095 32381 48047 158365 1030577 1018614 1053898 1052079 1083737 5238905 0.96950 0.96820 0.00030 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING INCOME - 2018 AMOUNT: $ 805. 2019 AMOUNT: $ 1,472. 2020 AMOUNT: $ 1,588. 2021 AMOUNT: $ 3,084. 2022 AMOUNT: $ 4,077. SPECIAL CLAIMS - 2018 AMOUNT: $ 9,604. RESIDENT SERVICE COORDINATOR FUNDING AND OTHER - REAL ESTATE TAX REFUND - 2018 AMOUNT: $ 12,970. OTHER REVENUE - 2019 AMOUNT: $ 20,991. 2020 AMOUNT: $ 30,507. 2021 AMOUNT: $ 29,297. 2022 AMOUNT: $ 43,970. 0 245656 245656 5270920 5203225 67695 100044 100044 0 4500 4500 0 313351 OTHER LIABILITIES 31062 31062 X 1083737 0 1083737 0 1083737 1022436 0 1022436 0 1022436 PART X, LINE 2: THE ORGANIZATION IS TREATED AS A TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JULY 31, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JULY 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HIRES A PROPERTY MANAGEMENT AGENT TO ENSURE COMPLIANCE WITH HUD MONITORING REQUIREMENTS AND TO MANAGE THE DAILY OPERATIONS. THE MANAGEMENT AGENT REPORTS TO THE BOARD OF DIRECTORS. THE CONTRACT WITH THE MANAGEMENT AGENT IS REQUIRED TO BE APPROVED BY HUD. FORM 990, PART VI, SECTION A, LINE 8A THE BOARD DID NOT MAINTAIN FORMAL MINUTES OF MEETINGS DURING THE YEAR, NOTES OF MINUTES ARE MAINTAINED AND THE BOARD IS IN THE PROCESS OF FORMALIZING THEIR PROCESS REGARDING MINUTES. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD DID NOT MAINTAIN FORMAL MINUTES OF MEETINGS DURING THE YEAR, NOTES OF MINUTES ARE MAINTAINED AND THE BOARD IS IN THE PROCESS OF FORMALIZING THEIR PROCESS REGARDING MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGEMENT AGENT AND A MEMBER OF THE BOARD, COPIES ARE DISTRIBUTED TO ALL BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST.