2025-07-30T13:07:31-05:00 2024-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2024-01-01 042519279 HOMEOWNER'S REHAB INC HOME 6178684858 280 FRANKLIN STREET CAMBRIDGE MA 02139 SARA BARCAN EXECUTIVE DIRECTOR 6178484858 2025-07-29 0 KRISTOFFER LANE P01446126 6172629898 2025-07-29 2024 2025-03-06 01:10:19Z SARA BARCAN 280 FRANKLIN STREET CAMBRIDGE MA 02139 8900222 0 X WWW.HOMEOWNERSREHAB.ORG X 1972 MA TO MAKE LOW INTEREST LOANS TO LOW INCOME HOMEOWNERS FOR IMPROVEMENTS. DEVELOPMENT OF LOW INCOME HOUSING AND REHABING OLD HOUSING STOCK. 12 12 19 12 1325724 0 1007835 628110 4221837 4949832 2059220 3037081 48435 285199 7337327 8900222 66000 102500 0 0 1856949 2175719 0 0 0 4512182 5012273 6435131 7290492 902196 1609730 154559872 170154645 88086456 100102512 66473416 70052133 X THE GENERAL PURPOSE OF HRI IS TO ACQUIRE, IMPROVE THROUGH REHABILITATION, NEW CONSTRUCTION OR OTHERWISE, MAKE AVAILABLE AT THE LOWEST POSSIBLE COST TO PERSONS AND FAMILIES WITH LOW INCOME OF EVERY RACE, RELIGION AND NATIONALITY, HOUSING IN MASSACHUSETTS, TO STIMULATE THE RENOVATION AND IMPROVEMENT OF PROPERTIES, AND TO PROMOTE NEIGHBORHOOD IMPROVEMENTS FOR THE BENEFIT OF PERSONS OF LIMITED MEANS. 0 0 4238426 4065847 AFFILIATE ACTIVITIES - TO ACQUIRE, RENOVATE, CONSTRUCT, DEVELOP, OWN,LEASE OR MANAGE LOW-INCOME OR MIXED-INCOME FAMILY HOUSING IN CAMBRIDGE, MASSACHUSETTS. 2837527 102500 1765000 DEVELOPMENT AND OPERATING-HRI IS INVOLVED IN VARIOUS PROJECTS TO DEVELOP LOW INCOME HOUSING. HRI ALSO FACILITATES THE REHABILITATION OF OLD HOUSING STOCK. 7075953 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 24 0 1 19 0 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SARA BARCAN EXECUTIVE DIRECTOR 6178684858 280 FRANKLIN STREET CAMBRIDGE MA 02139 GEORGE BEAL TREASURER 5.00 X X 0 0 0 LOUISE ELVING PRESIDENT 5.00 X X 0 0 0 JOHN HIXSON CLERK 5.00 X X 0 0 0 AMY WALSH FARRELL BOARD MEMBER 5.00 X 0 0 0 AVIVA ROTHMAN-SHORE BOARD MEMBER 5.00 X 0 0 0 DEBRA FOX BOARD MEMBER 5.00 X 0 0 0 HECTOR ACEVEDO BOARD MEMBER 5.00 X 0 0 0 ANGELA MEEHAN BOARD MEMBER 5.00 X 0 0 0 MARILYN SOTO BOARD MEMBER 5.00 X 0 0 0 GOLNAZ TABATABAI BOARD MEMBER 5.00 X 0 0 0 VINCENT O'DONNELL VICE PRESIDENT 5.00 X 0 0 0 SARA BARCAN EXECUTIVE DIRECTOR 35.00 X 236289 0 40149 LEE DEPIETRO DIRECTOR OF ASSET MANAGEMENT 35.00 X 152136 0 12684 SUSAN TWOMEY DIRECTOR OF CONSTRUCTION A 35.00 X 145004 0 16884 WILL MONSON SENIOR PROJECT MANAGER 35.00 X 131364 0 19100 HIEN BURNHAM CONTROLLER 35.00 X 142846 0 35916 KATE GILMORE DIRECTOR OF REAL ESTATE 35.00 X 133346 0 23262 940985 0 147995 10 0 1 0 0 178655 449455 628110 RENTAL INCOME 532000 3181659 1855935 1325724 MGMT & DEV FEES 541610 1768173 1768173 4949832 3037081 3037081 OTHER INCOME 900099 285199 285199 285199 8900222 3909307 1325724 3037081 102500 102500 388425 353467 34958 1298387 1178021 120366 360220 326330 33890 128687 117012 11675 60370 60370 30666 30666 229950 216300 13650 144397 144397 118920 118920 102556 102556 1995362 1995362 1228792 1228792 83917 83917 MISC. EXPENSES 300622 300622 REAL ESTATE TAXES 234048 234048 PROGRAM EXPENSES 223852 223852 REPAIRS AND MAINTENANCE 190322 190322 68499 68499 7290492 7075953 214539 0 16335162 22259519 2011660 1735142 632887 615692 28454528 27261418 51826 88354 78486550 5366953 61126245 73119597 36142879 36728713 9804685 8346210 154559872 170154645 421346 666810 1689803 1784043 75154258 88777536 10821049 8874123 88086456 100102512 X 66473416 70052133 66473416 70052133 154559872 170154645 X 1609730 141946 1827041 X 0 1 X 1 1 1 X 948432 458241 781570 1007835 628110 3824188 9425053 5484433 10792473 4221837 3624108 33547904 10373485 5942674 11574043 5229672 4252218 37372092 0 0 0 37372092 1537840 1363440 1591999 2059220 3037081 9589580 1537840 1363440 1591999 2059220 3037081 9589580 2061010 -522894 -1378222 744981 285199 1190074 13972335 6783220 11787820 8033873 7574498 48151746 0.77610 0.80520 0.19920 0.16290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20267166 20267166 24481508 3153772 21327736 5365031 1983603 3381428 270833 229578 41255 28102012 28102012 73119597 CERTIFICATES OF DEPOSIT 2173046 F GOVERNMENT BONDS 34555667 F 36728713 PASS THROUGH LIABILITY 820061 RECAPTURE-RECOMMITTAL FUND 1631419 DUE TO RELATED PARTIES 190386 SECURITY DEPOSITS 81600 DUE TO CLIENTS ON GRANTS AND LOANS 9134 OPERATING LEASE LIABILITY 6141523 8874123 X 9042168 141946 141946 8900222 0 8900222 7290492 0 7290492 0 7290492 PART X, LINE 2: HRI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME, FOR THE PERIOD OF JANUARY 1, 2024 THROUGH DECEMBER 31, 2024, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. HRI EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT DECEMBER 31, 2024, HRI BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX FISCAL YEARS; 2021, 2022 AND 2023. 1 SCHOLARSHIPS 49 102500 CASH SCHOLARSHIP X X 0 0 0 0 0 0 0 0 0 SARA BARCAN EXECUTIVE DIRECTOR 229289 0 7000 0 0 0 7054 0 33095 0 276438 0 0 0 HIEN BURNHAM CONTROLLER 137846 0 5000 0 0 0 4285 0 31631 0 178762 0 0 0 LEE DEPIETRO DIRECTOR OF ASSET MANAGEMENT 152136 0 0 0 0 0 4374 0 8310 0 164820 0 0 0 SUSAN TWOMEY DIRECTOR OF CONSTRUCTION A 140004 0 5000 0 0 0 4350 0 12534 0 161888 0 0 0 KATE GILMORE DIRECTOR OF REAL ESTATE 131346 0 2000 0 0 0 3937 0 19325 0 156608 0 0 0 WILL MONSON SENIOR PROJECT MANAGER 122864 0 8500 0 0 0 3738 0 15362 0 150464 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS THE 990 AND MAKE A RECOMMENDATION TO THE AUDIT COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT THE ITS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS REVIEWED AND APPROVED BY THE PERSONNEL POLICY COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, ORGANIZATIONAL POLICIES AVAILABLE BY REQUEST. FORM 990, PART XI, LINE 9: CONSOLIDATED AFFILIATE NET ASSET BALANCE FROM 2023 1,827,041. 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