Civic Intelligence

Lebanese Community Housing for The

EIN 04-2761797 • 501(c)3 • Methuen, MA

Profile

To provide housing to low-income elderly & handicapped individuals.

222 Pelham StreetMethuen, MA 01844

n/A

Siviq Scores

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

Liabilities / Assets

98th percentile

2.45x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

2.35x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

58th percentile

8.7%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

44th percentile

1.0%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

6.8%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$941,643

Up $9,677 (+1.0%) from 2023

Liabilities

Down

$2,311,248

Down $75,996 (-3.2%) from 2023

Net Assets

Up

-$1,369,605

Up $85,673 (+5.9%) from 2023

Revenue

Up

$982,418

Up $62,150 (+6.8%) from 2023

Expenses

Down

$896,745

Down $35,719 (-3.8%) from 2023

Net Income

Up

$85,673

Up $97,869 (+802%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,940,908Liabilities 2011: $2,874,581Net Assets 2011: -$933,6732011Assets 2012: $1,978,352Liabilities 2012: $2,861,775Net Assets 2012: -$883,4232012Assets 2013: $1,638,377Liabilities 2013: $2,916,026Net Assets 2013: -$1,277,6492013Assets 2014: $1,575,364Liabilities 2014: $2,882,322Net Assets 2014: -$1,306,9582014Assets 2015: $1,516,632Liabilities 2015: $2,833,561Net Assets 2015: -$1,316,9292015Assets 2016: $1,479,274Liabilities 2016: $2,805,926Net Assets 2016: -$1,326,6522016Assets 2017: $1,451,629Liabilities 2017: $2,798,831Net Assets 2017: -$1,347,2022017Assets 2018: $1,209,604Liabilities 2018: $2,536,583Net Assets 2018: -$1,326,9792018Assets 2019: $1,178,133Liabilities 2019: $2,526,261Net Assets 2019: -$1,348,1282019Assets 2020: $986,876Liabilities 2020: $2,418,722Net Assets 2020: -$1,431,8462020Assets 2021: $971,310Liabilities 2021: $2,406,624Net Assets 2021: -$1,435,3142021Assets 2022: $945,115Liabilities 2022: $2,388,197Net Assets 2022: -$1,443,0822022Assets 2023: $931,966Liabilities 2023: $2,387,244Net Assets 2023: -$1,455,2782023Assets 2024: $941,643Liabilities 2024: $2,311,248Net Assets 2024: -$1,369,6052024

Highlighted filing

2024

Assets$941,643
Liabilities$2,311,248
Net Assets-$1,369,605

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $753,074Expenses 2011: $653,078Net Income 2011: $99,9962011Revenue 2012: $743,726Expenses 2012: $693,476Net Income 2012: $50,2502012Revenue 2013: $752,944Expenses 2013: $765,031Net Income 2013: -$12,0872013Revenue 2014: $751,304Expenses 2014: $780,613Net Income 2014: -$29,3092014Revenue 2015: $771,796Expenses 2015: $778,607Net Income 2015: -$6,8112015Revenue 2016: $783,500Expenses 2016: $793,223Net Income 2016: -$9,7232016Revenue 2017: $799,619Expenses 2017: $820,169Net Income 2017: -$20,5502017Revenue 2018: $820,476Expenses 2018: $800,253Net Income 2018: $20,2232018Revenue 2019: $818,322Expenses 2019: $839,471Net Income 2019: -$21,1492019Revenue 2020: $823,757Expenses 2020: $845,308Net Income 2020: -$21,5512020Revenue 2021: $869,438Expenses 2021: $872,906Net Income 2021: -$3,4682021Revenue 2022: $887,299Expenses 2022: $895,067Net Income 2022: -$7,7682022Revenue 2023: $920,268Expenses 2023: $932,464Net Income 2023: -$12,1962023Revenue 2024: $982,418Expenses 2024: $896,745Net Income 2024: $85,6732024

Highlighted filing

2024

Revenue$982,418
Expenses$896,745
Net Income$85,673

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$2.31$1.37$0.98$0.90$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.93$2.39$1.46$0.92$0.93$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$2.39$1.44$0.89$0.90$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.97$2.41$1.44$0.87$0.87$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.99$2.42$1.43$0.82$0.85$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$2.53$1.35$0.82$0.84$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$2.54$1.33$0.82$0.80$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.45$2.80$1.35$0.80$0.82$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$2.81$1.33$0.78$0.79$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.52$2.83$1.32$0.77$0.78$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.58$2.88$1.31$0.75$0.78$0.03
2013Summary only. Only limited summary data is available for this year.$1.64$2.92$1.28$0.75$0.77$0.01
2012Summary only. Only limited summary data is available for this year.$1.98$2.86$0.88$0.74$0.69$0.05
2011Summary only. Only limited summary data is available for this year.$1.94$2.87$0.93$0.75$0.65$0.10
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 16, 2024
Return Version
2023v5.1
Gross Receipts
$920,268
Mission and Program Overview

Mission

To provide housing to low-income elderly & handicapped individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$489,322$437,495▼ $51,827
Cash and Non-Interest-Bearing Accounts$13,166$19,204▲ $6,038
Prepaid Expenses and Deferred Charges$12,599$10,442▼ $2,157
Accounts Receivable$7,343$533▼ $6,810
Total Assets$945,115$931,966▼ $13,149
Other Assets Total$422,685$464,292▲ $41,607
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,262,995$2,234,492▼ $28,503
Accounts Payable and Accrued Expenses$111,098$137,139▲ $26,041
Escrow Account Liability$14,078$13,759▼ $319
Deferred Revenue$26$1,854▲ $1,828
Total Liabilities$2,388,197$2,387,244▼ $953
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,443,082$-1,455,278▼ $12,196
Total Net Assets Fund Balance$-1,443,082$-1,455,278▼ $12,196
Total Liabilities and Net Assets / Fund Balance$945,115$931,966▼ $13,149

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$437,156$2,969,830$3,406,986
Other Land Buildings$339$33,764$34,103
Other Assets Org$113,902--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Barkan Management CompanyManagement Fee And Services7 WELLS AVENUE, Newton, MA 02459$330,219
Revenue and Support

Revenue Composition

Contributions and Grants
$706,160
Program Service Revenue
$191,704
Investment Income
$20,210
Other Revenue
$2,194
Change in Net Assets
$-12,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$920,268
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$920,268
Total Revenue per Form 990
$920,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$932,464
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$483,684--$483,684
Fees for Services Other$281,174--$281,174
Depreciation Depletion$62,207--$62,207
Fees for Services Management-$43,645-$43,645
Office Expenses$26,966--$26,966
Fees for Services Accounting-$24,050-$24,050
Fees for Services Legal-$8,611-$8,611
Other Expenses$2,127--$2,127
Total Functional Expenses$856,158$76,306$0$932,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$932,464
Total Expenses per Audited Statements$932,464
Total Expenses per Form 990$932,464
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Company Is Owned by an Officer of the OrganizationPurchase of Goods/servicesNo$15,965
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
Yes
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 3

The property is managed by barkan management company inc. Pursuant to a management agreement approved by hud and masshousing. The current management agreement provides for a management fee of 4.74% of effective rental income. During the year ended december 31, 2023, the corporation incurred management fees of $43,645.

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.

Filing and Contact Details

Filer

Filer Name
Lebanese Community Housing for the
EIN
04-2761797
Phone
9786818845
Address
222 PELHAM STREET, METHUEN, MA 01844

Signing Officer

Name
Christine Touma-conway
Title
President
Phone
9786818845
Signed
2024-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Touma-conway
Formed
1981
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Management services: program service expenses 281,174. Management and general expenses 0. Fundraising expenses 0. Total expenses 281,174.

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits of $13,759

PART X, LINE 2:

Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2023, 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 2020 remain open.

Raw XML AppendixShowing 400 of 500 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
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt0533
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING TO LOW-INCOME ELDERLY & HANDICAPPED INDIVIDUALS.
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IRS990/CollectionsOfArtInd00
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt01426
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01426
IRS990/MissionDesc0TO PROVIDE HOUSING TO LOW-INCOME ELDERLY & HANDICAPPED INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02262995
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02234492
IRS990/NetAssetsOrFundBalancesBOYAmt0-1443082
IRS990/NetAssetsOrFundBalancesEOYAmt0-1455278
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1443082
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1455278
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0483684
IRS990/OccupancyGrp/TotalAmt0483684
IRS990/OfficeExpensesGrp/ProgramServicesAmt026966
IRS990/OfficeExpensesGrp/TotalAmt026966
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0422685
IRS990/OtherAssetsTotalGrp/EOYAmt0464292
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBTS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt02127
IRS990/OtherExpensesGrp/TotalAmt02127
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0768
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0768
IRS990/OtherRevenueTotalAmt02194
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012599
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010442
IRS990/PrincipalOfficerNm0CHRISTINE TOUMA-CONWAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME RENTAL REVE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0191704
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0191704
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0703022
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06421
IRS990/PYOtherExpensesAmt0895067
IRS990/PYOtherRevenueAmt03528
IRS990/PYProgramServiceRevenueAmt0174328
IRS990/PYRevenuesLessExpensesAmt0-7768
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0895067
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0887299
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-12196
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0193898
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 2,769. 2020 AMOUNT: $ 2,495. 2021 AMOUNT: $ 10,470. 2022 AMOUNT: $ 2,902. 2023 AMOUNT: $ 1,426. LAUNDRY AND VENDING INCOME - 2019 AMOUNT: $ 697. 2020 AMOUNT: $ 542. 2021 AMOUNT: $ 253. 2022 AMOUNT: $ 626. 2023 AMOUNT: $ 768.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0706160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0703022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0692576
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0659446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0645139
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03406343
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020210
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06421
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03406
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08298
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038786
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0851007
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02194
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03528
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt010723
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03037
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03466
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022948
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98220
IRS990ScheduleA/PublicSupportPY170Pct00.98560
IRS990ScheduleA/PublicSupportTotal170Amt03406343
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0706160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0703022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0692576
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0659446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0645139
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03406343
IRS990ScheduleA/TotalSupportAmt03468077
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/BookValueAmt0437156
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02969830
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03406986
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0932464
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015177
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1325031
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3113902
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS - HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0339
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033764
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034103
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0920268
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS OF $13,759
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, 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 2020 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0437495
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0464292
IRS990ScheduleD/TotalExpensesPerForm990Amt0932464
IRS990ScheduleD/TotalRevenuePerForm990Amt0920268
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0920268
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0932464
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PF BOSHAR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMPANY IS OWNED BY AN OFFICER OF THE ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015965
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PURCHASE OF GOODS/SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY BARKAN MANAGEMENT COMPANY INC. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD AND MASSHOUSING. THE CURRENT MANAGEMENT AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 4.74% OF EFFECTIVE RENTAL INCOME. DURING THE YEAR ENDED DECEMBER 31, 2023, THE CORPORATION INCURRED MANAGEMENT FEES OF $43,645.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD AND DISCUSSED AT AN ANNUAL CLOSING CONFERENCE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO UPDATE AND SIGN THE CONFLICT OF INTEREST CONTRACTS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST AT THE ENTITY'S OFFICES IN METHUEN, MASSACHUSETTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 281,174. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281,174.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRIENDS OF CEDARS HOME FOR THE ELDERLY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CEDARS ELDERLY HOME INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE CEDARS HOME COMMUNITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043044710
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1260057247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2300532522
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CARE, HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE HOUSING TO LOW-INCOME ELDERLY & HANDICAPPED INDIVIDUALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TITLE HOLDING COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0222 PELHAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1222 PELHAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2222 PELHAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0METHUEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1METHUEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2METHUEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA

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