2025-11-14T08:52:45-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC ONE POST OFFICE SQUARE SUITE 2950 BOSTON MA 02109 990 2024-01-01 043183212 TURTLE WOODS CORPORATION TURT 9789221305 PO BOX 507 BEVERLY MA 01915 JULIE KARAGANIS PRESIDENT 9789221305 2025-11-14 1 1 EDWARD MCNEIL P00090108 6176481400 2025-11-13 2024 2025-03-06 01:10:19Z JULIE KARAGANIS PO BOX 507 BEVERLY MA 01915 948422 0 X N/A X 1993 MA TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO LOW INCOME ELDERS. 6 6 0 6 0 0 0 0 880393 887585 47884 53808 7544 7029 935821 948422 0 0 0 0 0 0 0 0 0 900308 803706 900308 803706 35513 144716 2326658 2496910 160822 186358 2165836 2310552 TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO LOW INCOME ELDERS. 0 0 715802 894614 TO PROVIDE HOUSING FACILITIES FOR USE AND OCCUPANCY BY THE ELDERLY, AGED, AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (1959) & SECTION 8 OF THE US HOUSING ACT (1937). 715802 1 0 0 0 0 0 0 0 1 0 1 0 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JULIE KARAGANIS 9789221305 PO BOX 507 BEVERLY MA 01915 X LISA LAPLANTE DIRECTOR 1.00 X 0 0 0 JULIE KARAGANIS PRESIDENT 1.00 X X 0 0 0 NEILAND DOUGLAS TREASURER 1.00 X X 0 0 0 NELDA QUIGLEY CLERK 1.00 X X 0 0 0 PAUL LANZIKOS DIRECTOR 1.00 X 0 0 0 WILLIAM SCHNEIDER VICE PRESIDENT 1.00 4.00 X X 0 0 0 0 0 0 0 0 0 0 0 TENANT RENTAL INCOME 531110 887585 887585 887585 53808 53808 LAUNDRY AND VENDING 900099 6769 6769 260 260 7029 948422 894614 0 53808 168883 95835 73048 14856 14856 68948 68948 211086 211086 33443 33443 68687 68687 MAINTENANCE EXPENSES 189009 189009 RECREATION AND REHABILI 46556 46556 BAD DEBTS 2238 2238 803706 715802 87904 0 57881 672 13085 2354 5481 6246093 5288219 837585 957874 1412626 1536010 2326658 2496910 128267 151249 1998 3704 30557 31405 160822 186358 X -3284364 -3139648 5450200 5450200 2165836 2310552 2326658 2496910 144716 0 X 0 1 X 1 1 1 X 799364 837765 836803 880393 887585 4241910 799364 837765 836803 880393 887585 4241910 0 0 0 4241910 1836 1502 7386 47884 53808 112416 1836 1502 7386 47884 53808 112416 7696 9656 9943 7544 7029 41868 808896 848923 854132 935821 948422 4396194 0.96490 0.97590 0.02560 0.01450 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 80. 2021 AMOUNT: $ 220. 2022 AMOUNT: $ 20. 2024 AMOUNT: $ 260. LAUNDRY AND VENDING INCOME - 2020 AMOUNT: $ 5,836. 2021 AMOUNT: $ 8,786. 2022 AMOUNT: $ 9,438. 2023 AMOUNT: $ 6,794. 2024 AMOUNT: $ 6,769. DAMAGES AND CLEANING FEES - 2020 AMOUNT: $ 1,780. 2021 AMOUNT: $ 650. 2022 AMOUNT: $ 485. 2023 AMOUNT: $ 750. 0 1 X 441164 441164 5639787 5172345 467442 38422 30010 8412 126720 85864 40856 957874 CASH SECURITY DEPOSIT ACCOUNT 31405 REPLACEMENT RESERVE 1504605 1536010 X 948422 0 948422 0 948422 803706 0 803706 0 803706 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION 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 2021 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS AN AGREEMENT WITH HARBORLIGHT COMMUNITY PARTNERS TO PROVIDE MANAGEMENT SERVICES TO THE PROJECT. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE MEMBER OF TURTLE WOODS CORPORATION: FIRST BAPTIST CHURCH. THE CHURCH HAS ULTIMATE CONTROL. FORM 990, PART VI, SECTION A, LINE 7A ULTIMATELY, ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODIES DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B ULTIMATELY, ALL DECISIONS COULD BE SUBJECT TO MEMBER APPROVAL. IN OPERATION, THE GOVERNING BODIES DECISION ABOUT DIRECTORS AND OFFICERS IS SUBJECT TO MEMBER APPROVAL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE REVIEW THE FORM 990 BEFORE IT IS FILED. IT IS THEN ELECTRONCIALLY SUBMITTED TO BOARD MEMBERS FOR REVIEW, WHO THEN APPROVE IT. THE FORM IS THEN SIGNED AND SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS TO ENSURE ENFORCEMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FIRST BAPTIST CHURCH IN BEVERLY 221 CABOT STREET BEVERLY MA 01915 042253860 CHURCH MA 501(C)(3) LINE 1 N/A 0 HARBORLIGHT COMMUNITY PARTNERS INC PO BOX 507 BEVERLY MA 01915 042313671 LOW INCOME HOUSING MA 501(C)(3) LINE 10 FIRST BAPTIST CHURCH IN BEVERLY 0 HARBORLIGHT NURSERY SCHOOL 221 CABOT STREET BEVERLY MA 01915 042883700 PRE-SCHOOL MA 501(C)(3) LINE 2 FIRST BAPTIST CHURCH IN BEVERLY 0 FIREHOUSE PLACE INC PO BOX 507 BEVERLY MA 01915 273491241 LOW INCOME HOUSING MA 501(C)(3) LINE 10 HARBORLIGHT COMMUNITY PARTNERS INC 0 ROCKPORT AFFORDABLE HOUSING INC PO BOX 507 BEVERLY MA 01915 273491179 LOW INCOME HOUSING MA 501(C)(3) LINE 10 HARBORLIGHT COMMUNITY PARTNERS INC 0 MARBLEHEAD COMMUNITY HOUSING CORPORATION PO BOX 507 BEVERLY MA 01915 043176887 LOW INCOME HOUSING MA 501(C)(3) LINE 11 HARBORLIGHT COMMUNITY PARTNERS INC 0 TURTLE CREEK HOUSING LLC POB 507 BEVERLY MA 01915 364773123 AFFORDABLE HOUSING MA N/A 0 0 HARBORLIGHT HOUSE LLC POB 507 BEVERLY MA 01915 474277323 AFFORDABLE HOUSING MA N/A 0 0 BOSTON STREET CROSSING LLC POB 507 BEVERLY MA 01915 814311188 AFFORDABLE HOUSING MA N/A 0 0 ONE ANCHOR POINT LLC POB 507 BEVERLY MA 01915 861309758 AFFORDABLE HOUSING MA N/A 0 0 TURTLE CREEK HOUSING MM LLC PO BOX 507 BEVERLY MA 01915 464088797 AFFORDABLE HOUSING MA N/A C 0 HARBORLIGHT HOUSE MM LLC PO BOX 507 BEVERLY MA 01915 474346546 AFFORDABLE HOUSING MA N/A C 0 BOSTON STREET CROSSING MM LLC PO BOX 507 BEVERLY MA 01915 822482419 AFFORDABLE HOUSING MA N/A C 0 ONE ANCHOR POINT MM LLC PO BOX 507 BEVERLY MA 01915 922743617 AFFORDABLE HOUSING MA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0