2025-11-15T02:38:46-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-01-01 260057247 CEDARS ELDERLY HOME INC CEDA 9786818845 222 PELHAM STREET METHUEN MA 01844 STEVEN KFOURY PRESIDENT 9786818845 2025-11-14 1 1 JOLANTA TUCK P01340068 7813803520 2025-11-13 2024 2025-03-06 01:10:19Z DAVID BESHARA 222 PELHAM STREET METHUEN MA 01844 498122 0 X N/A X 2001 MA TO PROVIDE HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS. 9 9 0 9 0 0 316162 319936 165330 174985 136 453 2785 2748 484413 498122 0 0 0 0 0 0 0 0 0 562940 569512 562940 569512 -78527 -71390 2117243 2036691 3869636 3860474 -1752393 -1823783 TO PROVIDE HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS. 0 0 506934 177733 31 APARTMENT UNITS RENTED TO LOW-INCOME ELDERLY INDIVIDUALS. 506934 1 1 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 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X DAVID BESHARA 9786818845 222 PELHAM STREET METHUEN MA 01844 X DAVID BESHARA PRESIDENT 5.00 5.00 X X 0 0 0 CHRISTINE TOUMA-CONWAY TREASURER 5.00 5.00 X X 0 0 0 PAUL BOSHAR CLERK 1.00 1.00 X X 0 0 0 ROBERT HAFFTY DIRECTOR 1.00 1.00 X 0 0 0 STEVEN KFOURY DIRECTOR 1.00 1.00 X 0 0 0 MATTHEW KRAUNELIS DIRECTOR 1.00 1.00 X 0 0 0 CYNTHIA MAROON DIRECTOR 1.00 1.00 X 0 0 0 CAROL MCGRAVEY DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN COREY RAHME DIRECTOR 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 BARKAN MANAGEMENT COMPANY 7 WELLS AVENUE NEWTON MA 02459 MANAGEMENT FEE AND SERVICES 242934 1 319936 319936 RENTAL INCOME 531310 174985 174985 174985 453 453 LAUNDRY & VENDING 812300 2740 2740 8 8 2748 498122 177733 0 453 X 38598 38598 5340 5340 23980 23980 198936 198936 11088 11088 190084 190084 101470 101470 MORTGAGOR ENTITY EXPENS 16 16 569512 506934 62578 0 37866 39010 2009 1279 6583 11519 3921902 2077162 1930341 1844740 140444 140143 2117243 2036691 68215 58653 14 13221 13607 3788200 3788200 3869636 3860474 X -1752393 -1823783 -1752393 -1823783 2117243 2036691 -71390 0 X 0 1 X 1 1 1 X 262914 290279 308634 316162 319936 1497925 262914 290279 308634 316162 319936 1497925 1497925 305 90 369 136 453 1353 9591 5204 5209 2785 2748 25537 1524815 812344 0.98240 0.97710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING INCOME - 2020 AMOUNT: $ 2,490. 2021 AMOUNT: $ 2,945. 2022 AMOUNT: $ 2,945. 2023 AMOUNT: $ 2,778. 2024 AMOUNT: $ 2,740. OTHER INCOME - 2020 AMOUNT: $ 7,101. 2021 AMOUNT: $ 2,259. 2022 AMOUNT: $ 2,264. 2023 AMOUNT: $ 7. 2024 AMOUNT: $ 8. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3907897 2067157 1840740 14005 10005 4000 1844740 TENANT SECURITY DEPOSITS - HELD IN TRUST 15886 ESCROW DEPOSITS 59722 REPLACEMENT RESERVE 56769 RESIDUAL RECEIPTS 7766 140143 X 498122 0 498122 0 498122 569512 0 569512 0 569512 PART IV, LINE 2B: THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, 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 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 PROPERTY IS MANAGED BY BARKAN MANAGEMENT COMPANY INC. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 7.94% OF MONTHLY RENTAL AND MISCELLANEOUS INCOME COLLECTED. DURING THE YEAR ENDED DECEMBER 31, 2024, THE CORPORATION INCURRED MANAGEMENT FEES OF $38,598. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD AND DISCUSSED AT AN ANNUAL CLOSING CONFERENCE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO UPDATE AND SIGN THE CONFLICT OF INTEREST CONTRACTS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AT THE ENTITY'S OFFICES IN METHUEN, MASSACHUSETTS. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 198,936. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 198,936. LEBANESE COMMUNITY HOUSING FOR THE ELDERLY INC 222 PELHAM STREET METHEUN MA 01844 042761797 ELDERLY HOUSING MA 501(C)(3) LINE 7 N/A 1 FRIENDS OF CEDARS HOME FOR THE ELDERLY INC 222 PELHAM STREET METHEUN MA 01844 043044710 CARE, HOUSING MA 501(C)(3) LINE 7 N/A 1 THE CEDARS HOME COMMUNITIES 222 PELHAM STREET METHEUN MA 01844 300532522 TITLE HOLDING COMPANY MA 501(C)(2) N/A 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0