2024-08-15T19:23:17-05:00 2023-09-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-10-01 474781061 METRO NORTH HOUSING CORP METR 6176377152 280 SALEM STREET BOX C MALDEN MA 02148 LAURA SPARK PRESIDENT 6176377152 2024-08-15 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-08-15 2022 2024-08-08 14:25:15Z LAURA SPARK 280 SALEM STREET BOX C MALDEN MA 02148 765060 0 X N/A X 2015 MA DEVELOP AND OPERATE AFFORDABLE HOUSING FOR LOW INCOME AND HOMELESS PERSONS IN THE METRO NORTH AREA. 12 11 0 11 0 0 450672 603043 0 161949 35 68 2188 0 452895 765060 0 0 0 0 42325 63875 0 0 0 423428 450154 465753 514029 -12858 251031 2472354 5681102 2536006 5493723 -63652 187379 THE ORGANIZATION DEVELOPS AND OPERATES AFFORDABLE HOUSING FOR LOW INCOME AND HOMELESS PERSONS IN THE METRO NORTH AREA. 0 0 243851 161949 METRO NORTH HOUSING CORP OWNS AND OPERATES TWO PERMANENT SUPPORTIVE HOUSING PROJECTS FOR LOW INCOME AND FORMERLY HOMELESS INDIVIDUALS. BOTH PROVIDE AFFORDABLE, PERMANENT HOUSING, WITH ON-SITE HOUSE MANAGEMENT, CASE MANAGEMENT, ACCESS TO 24-7 EMERGENCY CRISIS LINE. THE TWO HOMES PROVIDE 25 UNITS OF HOUSING TO ADULTS. CASE MANAGEMENT SERVICES INCLUDE INDIVIDUALIZED SUPPORT, CONFLICT RESOLUTION, AND HELP ACCESSING BENEFITS, EMPLOYMENT, MENTAL HEALTH AND HEALTH CARE SERVICES, IF NEEDED, AND OTHER ASSISTANCE TO HELP RESIDENTS MAINTAIN TENANCIES AND LIVE INDEPENDENTLY. 243851 1 1 0 0 0 0 0 0 0 0 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 0 1 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X LINDA PUOPOLO 7819296546 11 MAGNOLIA WAY 11012 PEABODY MA 01960 DANNY LEBLANC EXECUTIVE DIRECTOR 5.00 X X 35263 0 0 LAURA SPARK PRESIDENT 5.00 X X 0 0 0 LARRY GOTTLIEB VICE PRESIDENT 5.00 X X 0 0 0 GERALD ZAIS TREASURER 5.00 X X 0 0 0 SARA BRANDON CLERK 5.00 X X 0 0 0 RENEE CAMMARATA HAMILTON DIRECTOR 5.00 X 0 0 0 KAREN COLON HAYES DIRECTOR 5.00 X 0 0 0 MELISSA JADHAV DIRECTOR 5.00 X 0 0 0 KATHLEEN MCKENNA DIRECTOR 5.00 X 0 0 0 LAURA ROSI ESQ DIRECTOR 5.00 X 0 0 0 ELLEN SMITH DIRECTOR 5.00 X 0 0 0 GABRIELLA SNYDER STELMACK DIRECTOR 5.00 X 0 0 0 35263 0 0 0 0 0 0 0 96350 451357 55336 603043 RENTAL INCOME 532000 161949 161949 161949 68 68 765060 161949 0 68 X 63875 63875 41072 41072 11268 11268 56206 56206 84584 650 83934 9487 5660 3827 176130 166134 9996 30 30 71377 71377 514029 243851 270178 0 393238 446770 6408 285996 1430 1601 5340465 396548 2068177 4943917 3101 2818 2472354 5681102 67066 305099 3093 3751 2465847 5184873 2536006 5493723 X -63652 187379 -63652 187379 2472354 5681102 251031 0 X 0 0 0 X 109045 324077 487227 450672 603043 1974064 109045 324077 487227 450672 603043 1974064 35403 1938661 249 140 140 35 68 632 642 1859 466 2188 5155 1979851 280387 0.97920 0.95320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 642. 2019 AMOUNT: $ 1,859. 2020 AMOUNT: $ 466. 2021 AMOUNT: $ 968. REPAIRS INCOME - 2021 AMOUNT: $ 1,220. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 65591 65591 2164535 372075 1792460 31861 24473 7388 3078478 3078478 4943917 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENTERED INTO A MANAGEMENT AGREEMENT WITH NEW ENGLAND COMMUNITIES, INC. (NECI). THE MANAGEMENT FEE IS EQUAL TO $700 PER MONTH, $8,400 ANNUALLY FOR BOTH WASHINGTON STREET AND KASZANEK HOUSE. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY THE ORGANIZATION OR BY NECI. FOR THE YEAR ENDED SEPTEMBER 30, 2023, THE ORGANIZATION INCURRED MANAGEMENT FEES OF $26,072. THE MANAGEMENT AGENT IS ENTITLED TO AN ADDITIONAL FEE OF $7,500 TO COVER BASIC REPORTING, DATA PROCESSING AND ACCOUNTING SERVICES COSTS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND CANNOT VOTE ON ANY SUCH ITEMS. FORM 990, PART VI, SECTION C, LINE 19 METRO NORTH HOUSING CORP'S ARTICLES OF ORGANIZATION IS AVAILABLE ON THE MASSACHUSETTS SECRETARY OF STATE WEBSITE AND THE ANNUAL MASSACHUSETTS FORM PC IS AVAILABLE FOR PUBLIC INSPECTION ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR'S WEBSITE (WWW.GUIDESTAR.ORG). FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 650. MANAGEMENT AND GENERAL EXPENSES 83,934. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,584. FORM 990, PART IV, LINE 12A: THE 990 IS BEING PREPARED WITH THE BEST AVAILABLE INFORMATION AT THE TIME. UPON COMPLETION OF THE REVIEW, IF THERE ARE ANY SIGNIFICANT CHANGES, APPROPRIATE ACTION WILL BE TAKEN. METRO NORTH HOUSING 54 EASTERN LLC 54 EASTERN AVENUE MALDEN MA 02148 REAL ESTATE MA 0 3082314 METRO NORTH HOUSING CORP