Civic Intelligence

Grafton Housing Associates Inc

EIN 04-2749462 • 501(c)3 • South Grafton, MA

Profile

To provide elderly and handicapped persons with housing facilities and services especially designed to meet their physical, social and psychological needs and to provide housing for low and moderate income families and families displaced from urban renewal areas.

13 Zgonis DriveSouth Grafton, MA 01560-1152

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.32x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.66x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

83rd percentile

26%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

7.7%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$2,252,633

Up $462,819 (+26%) from 2023

Liabilities

Up

$714,858

Up $34,920 (+5.1%) from 2023

Net Assets

Up

$1,537,775

Up $427,899 (+39%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin85th percentile

Revenue

Up

$1,088,346

Up $77,877 (+7.7%) from 2023

Expenses

Up

$660,447

Up $27,484 (+4.3%) from 2023

Net Income

Up

$427,899

Up $50,393 (+13%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,081,421Liabilities 2011: $1,311,743Net Assets 2011: -$230,3222011Assets 2012: $967,636Liabilities 2012: $1,144,627Net Assets 2012: -$176,9912012Assets 2013: $952,304Liabilities 2013: $1,085,085Net Assets 2013: -$132,7812013Assets 2014: $916,341Liabilities 2014: $1,020,005Net Assets 2014: -$103,6642014Assets 2015: $857,044Liabilities 2015: $952,611Net Assets 2015: -$95,5672015Assets 2016: $827,606Liabilities 2016: $870,220Net Assets 2016: -$42,6142016Assets 2017: $809,736Liabilities 2017: $786,192Net Assets 2017: $23,5442017Assets 2018: $748,191Liabilities 2018: $684,320Net Assets 2018: $63,8712018Assets 2019: $703,018Liabilities 2019: $579,224Net Assets 2019: $123,7942019Assets 2020: $694,291Liabilities 2020: $472,892Net Assets 2020: $221,3992020Assets 2021: $685,699Liabilities 2021: $362,423Net Assets 2021: $323,2762021Assets 2022: $976,619Liabilities 2022: $244,249Net Assets 2022: $732,3702022Assets 2023: $1,789,814Liabilities 2023: $679,938Net Assets 2023: $1,109,8762023Assets 2024: $2,252,633Liabilities 2024: $714,858Net Assets 2024: $1,537,7752024

Highlighted filing

2024

Assets$2,252,633
Liabilities$714,858
Net Assets$1,537,775
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2011: $562,830Expenses 2011: $529,975Net Income 2011: $32,8552011Revenue 2012: $561,828Expenses 2012: $508,497Net Income 2012: $53,3312012Revenue 2013: $563,636Expenses 2013: $519,426Net Income 2013: $44,2102013Revenue 2014: $575,333Expenses 2014: $546,216Net Income 2014: $29,1172014Revenue 2015: $579,151Expenses 2015: $571,054Net Income 2015: $8,0972015Revenue 2016: $590,242Expenses 2016: $537,289Net Income 2016: $52,9532016Revenue 2017: $603,744Expenses 2017: $537,586Net Income 2017: $66,1582017Revenue 2018: $613,400Expenses 2018: $573,073Net Income 2018: $40,3272018Revenue 2019: $660,176Expenses 2019: $600,253Net Income 2019: $59,9232019Revenue 2020: $676,003Expenses 2020: $578,398Net Income 2020: $97,6052020Revenue 2021: $700,922Expenses 2021: $599,045Net Income 2021: $101,8772021Revenue 2022: $992,349Expenses 2022: $583,255Net Income 2022: $409,0942022Revenue 2023: $1,010,469Expenses 2023: $632,963Net Income 2023: $377,5062023Revenue 2024: $1,088,346Expenses 2024: $660,447Net Income 2024: $427,8992024

Highlighted filing

2024

Revenue$1,088,346
Expenses$660,447
Net Income$427,899
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,252,633
Liabilities
$714,858
Net assets
$1,537,775
Revenue
$1,088,346
Expenses
$660,447
Net income
$427,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.25$0.71$1.54$1.09$0.66$0.43
2023Detailed filing. Detailed filing data is available for this year.$1.79$0.68$1.11$1.01$0.63$0.38
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.24$0.73$0.99$0.58$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.36$0.32$0.70$0.60$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.69$0.47$0.22$0.68$0.58$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.58$0.12$0.66$0.60$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.68$0.06$0.61$0.57$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.79$0.02$0.60$0.54$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.87$0.04$0.59$0.54$0.05
2015Summary only. Only limited summary data is available for this year.$0.86$0.95$0.10$0.58$0.57$0.01
2014Summary only. Only limited summary data is available for this year.$0.92$1.02$0.10$0.58$0.55$0.03
2013Summary only. Only limited summary data is available for this year.$0.95$1.09$0.13$0.56$0.52$0.04
2012Summary only. Only limited summary data is available for this year.$0.97$1.14$0.18$0.56$0.51$0.05
2011Summary only. Only limited summary data is available for this year.$1.08$1.31$0.23$0.56$0.53$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Apr 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,088,346
Mission and Program Overview

Mission

To provide elderly and handicapped persons with housing facilities and services especially designed to meet their physical, social and psychological needs and to provide housing for low and moderate income families and families displaced from urban renewal areas.

To own and operate 48 units of multi-family housing located in grafton, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$796,306$1,208,713▲ $412,407
Land, Buildings, and Equipment, Net$541,325$510,949▼ $30,376
Cash and Non-Interest-Bearing Accounts$205,355$232,292▲ $26,937
Prepaid Expenses and Deferred Charges$9,084$12,230▲ $3,146
Accounts Receivable$1,389$2▼ $1,387
Total Assets$1,789,814$2,252,633▲ $462,819
Other Assets Total$236,355$288,447▲ $52,092
Liabilities
Mortgage Notes Payable Secured by Investment Property$635,601$659,950▲ $24,349
Accounts Payable and Accrued Expenses$24,191$34,273▲ $10,082
Escrow Account Liability$18,334$19,243▲ $909
Deferred Revenue$1,812$1,392▼ $420
Total Liabilities$679,938$714,858▲ $34,920
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,109,876$1,537,775▲ $427,899
Total Net Assets Fund Balance$1,109,876$1,537,775▲ $427,899
Total Liabilities and Net Assets / Fund Balance$1,789,814$2,252,633▲ $462,819

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$425,696$1,126,035$1,551,731
Buildings$0$1,451,137$1,451,137
Equipment$0$287,772$287,772
Land$85,253-$85,253
Other Assets Org$268,921--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Justin PhillipsPresident
John MartinVice President
Brian BreidegamAssistant Treasurer
Krystal KennyClerk
Gregory PhillipsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Can Property Management Services LLCManagement Services385 COURT STREET, Plymouth, MA 02360$186,077
Revenue and Support

Revenue Composition

Contributions and Grants
$720,401
Program Service Revenue
$311,585
Investment Income
$48,915
Other Revenue
$7,445
Change in Net Assets
$427,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,088,346
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,088,346
Total Revenue per Form 990
$1,088,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$660,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$388,746--$388,746
Fees for Services Other$157,763--$157,763
Fees for Services Management-$34,212-$34,212
Depreciation Depletion$30,376--$30,376
Office Expenses$13,281--$13,281
Fees for Services Accounting-$10,600-$10,600
Other Expenses$519--$519
Advertising$448--$448
Total Functional Expenses$615,635$44,812$0$660,447

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$660,447
Total Expenses per Audited Statements$660,447
Total Expenses per Form 990$660,447
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board members justin phillips and gregory phillips have a familial relationship with each other.”

Form 990, Part VI, Section A, Line 3

“The property is managed by an unrelated party pursuant to a management agreement. The current management agreement provides for a management fee equal to $59.40 per unit per month. Such fees charged to activities during the year ended july 31, 2024 were $34,212.”

Form 990, Part VI, Section B, Line 11B

“The full board has reviewed form 990 prior to submission.”

Form 990, Part VI, Section B, Line 12C

“Each member of the board of directors is required to provide a written disclosure if they have a conflict of interest pertaining to grafton housing associates, inc.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon written request to the organization's offices.”

Filing and Contact Details

Filer

Filer Name
Grafton Housing Associates Inc
EIN
04-2749462
Phone
5088395605
Address
13 ZGONIS DRIVE, SOUTH GRAFTON, MA 01560-1152

Signing Officer

Name
Justin Phillips
Title
President
Phone
5088395605
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Phillips
Formed
1979
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cohnreznick Llp
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Mangement services: program service expenses 157,763. Management and general expenses 0. Fundraising expenses 0. Total expenses 157,763.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant deposits for the year ended july 31, 2024 were $19,243”

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 july 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. Management has analyzed the tax positions taken by the corporation and has concluded that, as of july 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, fiscal years since 2021 remain open.”

Raw XML AppendixShowing 400 of 412 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/PersonNm2GREGORY PHILLIPS
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/OtherExpensesGrp/ProgramServicesAmt2519
IRS990/OtherExpensesGrp/TotalAmt023594
IRS990/OtherExpensesGrp/TotalAmt1908
IRS990/OtherExpensesGrp/TotalAmt2519
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07445
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07445
IRS990/OtherRevenueTotalAmt07445
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09084
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012230
IRS990/PrincipalOfficerNm0JUSTIN PHILLIPS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0311585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0311585
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0704073
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016037
IRS990/PYOtherExpensesAmt0632963
IRS990/PYOtherRevenueAmt07710
IRS990/PYProgramServiceRevenueAmt0282649
IRS990/PYRevenuesLessExpensesAmt0377506
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0632963
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01010469
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0427899
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0319030
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0796306
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01208713
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY VENDING INCOME - 2019 AMOUNT: $ 7,270. 2020 AMOUNT: $ 7,450. 2021 AMOUNT: $ 7,480. 2022 AMOUNT: $ 7,710. 2023 AMOUNT: $ 7,445.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0720401
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0704073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0711419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0417980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0408289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02962162
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt048915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt016037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01790
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04988
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05157
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt076887
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01391685
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07445
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07710
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07480
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07450
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt07270
IRS990ScheduleA/OtherIncome170Grp/TotalAmt037355
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96290
IRS990ScheduleA/PublicSupportPY170Pct00.97410
IRS990ScheduleA/PublicSupportTotal170Amt02962162
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0720401
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0704073
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0711419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0417980
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0408289
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02962162
IRS990ScheduleA/TotalSupportAmt03076404
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01451137
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01451137
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0287772
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0287772
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0660447
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt085253
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085253
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0425696
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01126035
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01551731
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019526
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1268921
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01088346
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT DEPOSITS FOR THE YEAR ENDED JULY 31, 2024 WERE $19,243
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 JULY 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. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JULY 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, FISCAL YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0510949
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0288447
IRS990ScheduleD/TotalExpensesPerForm990Amt0660447
IRS990ScheduleD/TotalRevenuePerForm990Amt01088346
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01088346
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0660447
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS JUSTIN PHILLIPS AND GREGORY PHILLIPS HAVE A FAMILIAL RELATIONSHIP WITH EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROPERTY IS MANAGED BY AN UNRELATED PARTY PURSUANT TO A MANAGEMENT AGREEMENT. THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE EQUAL TO $59.40 PER UNIT PER MONTH. SUCH FEES CHARGED TO ACTIVITIES DURING THE YEAR ENDED JULY 31, 2024 WERE $34,212.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FULL BOARD HAS REVIEWED FORM 990 PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO PROVIDE A WRITTEN DISCLOSURE IF THEY HAVE A CONFLICT OF INTEREST PERTAINING TO GRAFTON HOUSING ASSOCIATES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANGEMENT SERVICES: PROGRAM SERVICE EXPENSES 157,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,763.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01789814
IRS990/TotalAssetsEOYAmt02252633
IRS990/TotalAssetsGrp/BOYAmt01789814
IRS990/TotalAssetsGrp/EOYAmt02252633
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0720401
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044812
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0615635
IRS990/TotalFunctionalExpensesGrp/TotalAmt0660447
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0679938
IRS990/TotalLiabilitiesEOYAmt0714858
IRS990/TotalLiabilitiesGrp/BOYAmt0679938
IRS990/TotalLiabilitiesGrp/EOYAmt0714858
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01109876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01537775
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0615635
IRS990/TotalProgramServiceRevenueAmt0311585
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt048915
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0319030
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01088346
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01789814
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02252633
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013 ZGONIS DRIVE
IRS990/USAddress/CityNm0SOUTH GRAFTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0015601152
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05088395605
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAFTON HOUSING ASSOCIATES INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAF
ReturnHeader/Filer/EIN0042749462
ReturnHeader/Filer/PhoneNum05088395605
ReturnHeader/Filer/USAddress/AddressLine1Txt013 ZGONIS DRIVE
ReturnHeader/Filer/USAddress/CityNm0SOUTH GRAFTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0015601152
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP

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