Civic Intelligence

Hubbardston Elderly Housing Inc C/O Rcap Solutions Inc

990 • Fiscal year 2018 • EIN 04-2799669

Nov 01, 2017 to Oct 31, 2018 • Filed on Jul 31, 2019

205 School StreetGardner, MA 01440

(978) 630-6600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.52x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

4.07x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

26th percentile

-4.4%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

0.8%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,960,515

Down $183,917 (-4.4%) from 2017

Net Assets

Down

$1,916,849

Down $78,862 (-4.0%) from 2017

Liabilities

Down

$2,043,666

Down $105,055 (-4.9%) from 2017

Revenue

Up

$501,786

Up $4,149 (+0.8%) from 2017

Expenses

Down

$580,648

Down $23,733 (-3.9%) from 2017

Net Income

Up

-$78,862

Up $27,882 (+26%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $5,303,230Liabilities 2010: $2,357,966Net Assets 2010: $2,945,2642010Assets 2011: $5,117,699Liabilities 2011: $2,321,646Net Assets 2011: $2,796,0532011Assets 2012: $4,981,661Liabilities 2012: $2,306,474Net Assets 2012: $2,675,1872012Assets 2013: $4,789,265Liabilities 2013: $2,261,856Net Assets 2013: $2,527,4092013Assets 2014: $4,523,986Liabilities 2014: $2,218,724Net Assets 2014: $2,305,2622014Assets 2015: $4,380,295Liabilities 2015: $2,176,757Net Assets 2015: $2,203,5382015Assets 2016: $4,238,669Liabilities 2016: $2,136,214Net Assets 2016: $2,102,4552016Assets 2017: $4,144,432Liabilities 2017: $2,148,721Net Assets 2017: $1,995,7112017Assets 2018: $3,960,515Liabilities 2018: $2,043,666Net Assets 2018: $1,916,8492018Assets 2019: $3,815,787Liabilities 2019: $1,992,127Net Assets 2019: $1,823,6602019Assets 2020: $3,693,333Liabilities 2020: $1,965,068Net Assets 2020: $1,728,2652020Assets 2021: $3,534,299Liabilities 2021: $1,886,164Net Assets 2021: $1,648,1352021Assets 2022: $3,382,876Liabilities 2022: $1,867,881Net Assets 2022: $1,514,9952022Assets 2023: $3,219,587Liabilities 2023: $1,796,289Net Assets 2023: $1,423,2982023Assets 2024: $3,118,700Liabilities 2024: $1,853,198Net Assets 2024: $1,265,5022024

Highlighted filing

2018

Assets$3,960,515
Liabilities$2,043,666
Net Assets$1,916,849

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $626,9762010Expenses 2011: $650,1112011Expenses 2012: $590,6672012Revenue 2013: $455,641Expenses 2013: $603,419Net Income 2013: -$147,7782013Revenue 2014: $478,683Expenses 2014: $700,830Net Income 2014: -$222,1472014Revenue 2015: $481,142Expenses 2015: $582,866Net Income 2015: -$101,7242015Revenue 2016: $492,357Expenses 2016: $593,440Net Income 2016: -$101,0832016Revenue 2017: $497,637Expenses 2017: $604,381Net Income 2017: -$106,7442017Revenue 2018: $501,786Expenses 2018: $580,648Net Income 2018: -$78,8622018Revenue 2019: $511,390Expenses 2019: $604,579Net Income 2019: -$93,1892019Revenue 2020: $517,907Expenses 2020: $613,302Net Income 2020: -$95,3952020Revenue 2021: $540,127Expenses 2021: $620,257Net Income 2021: -$80,1302021Revenue 2022: $549,425Expenses 2022: $682,565Net Income 2022: -$133,1402022Revenue 2023: $556,821Expenses 2023: $648,518Net Income 2023: -$91,6972023Revenue 2024: $578,532Expenses 2024: $736,328Net Income 2024: -$157,7962024

Highlighted filing

2018

Revenue$501,786
Expenses$580,648
Net Income-$78,862
Jump To
Filing Snapshot
Filing Period
Nov 1, 2017 to Oct 31, 2018
Signed
Jul 31, 2019
Return Version
2017v2.3
Gross Receipts
$501,786
Mission and Program Overview

Mission

To provide affordable residential housing for elderly persons located in hubbardston, massachusetts.

To acquire, construct, rehabilitate and operate 36 units of affordable residential housing for elderly persons located in hubbardston, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,018,870$3,850,261▼ $168,609
Cash and Non-Interest-Bearing Accounts$48,281$32,147▼ $16,134
Prepaid Expenses and Deferred Charges$16,302$22,858▲ $6,556
Accounts Receivable$5,878$3,349▼ $2,529
Total Assets$4,144,432$3,960,515▼ $183,917
Other Assets Total$55,101$51,900▼ $3,201
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,042,971$1,994,658▼ $48,313
Accounts Payable and Accrued Expenses$93,459$35,121▼ $58,338
Escrow Account Liability$12,220$13,877▲ $1,657
Deferred Revenue$71$10▼ $61
Total Liabilities$2,148,721$2,043,666▼ $105,055
Net Assets / Fund Balance
Unrestricted Net Assets$1,995,711$1,916,849▼ $78,862
Total Net Assets Fund Balance$1,995,711$1,916,849▼ $78,862
Total Liabilities and Net Assets / Fund Balance$4,144,432$3,960,515▼ $183,917

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,561,872$2,423,440$5,985,312
Leasehold Improvements$202,180$12,540$214,720
Equipment$49,591$81,322$130,913
Land$36,618-$36,618
Other Land Buildings$0$11,776$11,776
Compensation and Service Providers

Board Members and Trustees

NameTitle
William MinklePresident/treasurer
Charles W LatowneDirector
JUDIE O'DONNELLDirector
KEVIN O'CONNORDirector
Todd FitzgeraldDirector
Deborah a FoleyClerk/resident Agent

Highest Paid Contractors

ContractorServicesLocationCompensation
Rcap Solutions INCManagement Services205 SCHOOL STREET, Gardner, MA 01440$168,203
Revenue and Support

Revenue Composition

Contributions and Grants
$356,097
Program Service Revenue
$142,985
Investment Income
$10
Other Revenue
$2,694
Change in Net Assets
$-78,862

Audited Revenue Reconciliation

Revenue per Audited Statements
$501,786
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$501,786
Total Revenue per Form 990
$501,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$580,648
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$207,642--$207,642
Depreciation Depletion$172,238--$172,238
Fees for Services Other$101,121--$101,121
Fees for Services Management$32,681--$32,681
Office Expenses$26,541--$26,541
Fees for Services Accounting$9,398--$9,398
Other Expenses$2,802--$2,802
Conferences and Meetings$2,445--$2,445
Fees for Services Legal$1,466--$1,466
Advertising$55--$55
Total Functional Expenses$580,648$0$0$580,648

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$580,648
Total Expenses per Audited Statements$580,648
Total Expenses per Form 990$580,648
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
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 corporation incurred and paid a management fee of $31,846 for the year ended october 31, 2018 due to rcap. The management fee is equal to 6.35% of total rent collections plus authorized residual receipts account releases used to offset the hap subsidy. The agreement is in effect until canceled by hud, the corporation or rcap.

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

The management company ceo works closely with the cpa firm and provide information necessary to complete the 990. The 990 is discussed with the hubbardston board, highlighting the importance of compliance with irs regulations as it is presented on the 990. The form is electronically sent to the board of directors once completed by the cpa firm.

Form 990, Part VI, Section C, Line 19

A copy of the financial statements and governing documents are made available to the public when requested in writing. Requests should be directed to the president of the board of the directors. In addition the form 990 is available at the massachusetts attorney general's website.

Filing and Contact Details

Filer

Filer Name
Hubbardston Elderly Housing Inc
EIN
04-2799669
Phone
9786306600
Address
205 SCHOOL STREET, GARDNER, MA 01440

Signing Officer

Name
William Minkle
Title
President/treasurer
Phone
9786306600
Signed
2019-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Minkle
Formed
1983
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Management services: program service expenses 101,121. Management and general expenses 0. Fundraising expenses 0. Total expenses 101,121.

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 423 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt093459
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt035121
IRS990/AccountsReceivableGrp/BOYAmt05878
IRS990/AccountsReceivableGrp/EOYAmt03349
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 36 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN HUBBARDSTON, MASSACHUSETTS.
IRS990/AdvertisingGrp/ProgramServicesAmt055
IRS990/AdvertisingGrp/TotalAmt055
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WILLIAM MINKLE
IRS990/BooksInCareOfDetail/PhoneNum09786306600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0205 SCHOOL STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0GARDNER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001440
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt048281
IRS990/CashNonInterestBearingGrp/EOYAmt032147
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02445
IRS990/ConferencesMeetingsGrp/TotalAmt02445
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0168203
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0205 SCHOOL STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0GARDNER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd001440
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0RCAP SOLUTIONS INC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0356097
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010
IRS990/CYOtherExpensesAmt0580648
IRS990/CYOtherRevenueAmt02694
IRS990/CYProgramServiceRevenueAmt0142985
IRS990/CYRevenuesLessExpensesAmt0-78862
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0580648
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0501786
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt071
IRS990/DeferredRevenueGrp/EOYAmt010
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0172238
IRS990/DepreciationDepletionGrp/TotalAmt0172238
IRS990/Desc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN HUBBARDSTON, MASSACHUSETTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt012220
IRS990/EscrowAccountLiabilityGrp/EOYAmt013877
IRS990/ExpenseAmt0580648
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09398
IRS990/FeesForServicesAccountingGrp/TotalAmt09398
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01466
IRS990/FeesForServicesLegalGrp/TotalAmt01466
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt032681
IRS990/FeesForServicesManagementGrp/TotalAmt032681
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0101121
IRS990/FeesForServicesOtherGrp/TotalAmt0101121
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.10
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0TODD FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES W LATOWNE
IRS990/Form990PartVIISectionAGrp/PersonNm2JUDIE O'DONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm3KEVIN O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM MINKLE
IRS990/Form990PartVIISectionAGrp/PersonNm5DEBORAH A FOLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CLERK/RESIDENT AGENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0356097
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0501786
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt010
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02529078
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04018870
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03850261
IRS990/LandBldgEquipCostOrOtherBssAmt06379339
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0270
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0270
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN HUBBARDSTON, MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02042971
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01994658
IRS990/NetAssetsOrFundBalancesBOYAmt01995711
IRS990/NetAssetsOrFundBalancesEOYAmt01916849
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0207642
IRS990/OccupancyGrp/TotalAmt0207642
IRS990/OfficeExpensesGrp/ProgramServicesAmt026541
IRS990/OfficeExpensesGrp/TotalAmt026541
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt055101
IRS990/OtherAssetsTotalGrp/EOYAmt051900
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RESIDENT SERVICES
IRS990/OtherExpensesGrp/Desc1FILING FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt024259
IRS990/OtherExpensesGrp/ProgramServicesAmt12802
IRS990/OtherExpensesGrp/TotalAmt024259
IRS990/OtherExpensesGrp/TotalAmt12802
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02424
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02424
IRS990/OtherRevenueTotalAmt02694
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016302
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022858
IRS990/PrincipalOfficerNm0WILLIAM MINKLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0142985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0142985
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0338758
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt053
IRS990/PYOtherExpensesAmt0604381
IRS990/PYOtherRevenueAmt010865
IRS990/PYProgramServiceRevenueAmt0147961
IRS990/PYRevenuesLessExpensesAmt0-106744
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0604381
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0497637
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-78862
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0145679
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0356097
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0338758
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0333699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0311948
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0311785
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01652287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0204
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0142985
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0147961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0155930
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0160563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0163858
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0771297
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0437
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02694
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010865
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02653
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08536
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02836
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027584
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98860
IRS990ScheduleA/PublicSupportPY509Pct00.98840
IRS990ScheduleA/PublicSupportTotal509Amt02423584
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0499082
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0486719
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0489629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0472511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0475643
IRS990ScheduleA/Total509Grp/TotalAmt02423584
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0501786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0497637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0492357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0481142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0478683
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02451605
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03561872
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02423440
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05985312
IRS990ScheduleD/EquipmentGrp/BookValueAmt049591
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081322
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130913
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0580648
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt036618
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036618
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0202180
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012540
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0214720
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011776
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011776
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0501786
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03850261
IRS990ScheduleD/TotalExpensesPerForm990Amt0580648
IRS990ScheduleD/TotalRevenuePerForm990Amt0501786
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0501786
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0580648
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $31,846 FOR THE YEAR ENDED OCTOBER 31, 2018 DUE TO RCAP. THE MANAGEMENT FEE IS EQUAL TO 6.35% OF TOTAL RENT COLLECTIONS PLUS AUTHORIZED RESIDUAL RECEIPTS ACCOUNT RELEASES USED TO OFFSET THE HAP SUBSIDY. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR RCAP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT COMPANY CEO WORKS CLOSELY WITH THE CPA FIRM AND PROVIDE INFORMATION NECESSARY TO COMPLETE THE 990. THE 990 IS DISCUSSED WITH THE HUBBARDSTON BOARD, HIGHLIGHTING THE IMPORTANCE OF COMPLIANCE WITH IRS REGULATIONS AS IT IS PRESENTED ON THE 990. THE FORM IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS ONCE COMPLETED BY THE CPA FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC WHEN REQUESTED IN WRITING. REQUESTS SHOULD BE DIRECTED TO THE PRESIDENT OF THE BOARD OF THE DIRECTORS. IN ADDITION THE FORM 990 IS AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 101,121. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,121.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04144432
IRS990/TotalAssetsEOYAmt03960515
IRS990/TotalAssetsGrp/BOYAmt04144432
IRS990/TotalAssetsGrp/EOYAmt03960515
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0356097
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0580648
IRS990/TotalFunctionalExpensesGrp/TotalAmt0580648
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02148721
IRS990/TotalLiabilitiesEOYAmt02043666
IRS990/TotalLiabilitiesGrp/BOYAmt02148721
IRS990/TotalLiabilitiesGrp/EOYAmt02043666
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01995711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01916849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0580648
IRS990/TotalProgramServiceRevenueAmt0142985
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0145679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0501786
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04144432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03960515
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01995711
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01916849
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 SCHOOL STREET
IRS990/USAddress/CityNm0GARDNER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001440
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM MINKLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09786306600
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUBBARDSTON ELDERLY HOUSING INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O RCAP SOLUTIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0HUBB
ReturnHeader/Filer/EIN0042799669
ReturnHeader/Filer/PhoneNum09786306600
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 SCHOOL STREET
ReturnHeader/Filer/USAddress/CityNm0GARDNER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$1.85$1.27$0.58$0.74$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.22$1.80$1.42$0.56$0.65$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$1.87$1.51$0.55$0.68$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.53$1.89$1.65$0.54$0.62$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.69$1.97$1.73$0.52$0.61$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.82$1.99$1.82$0.51$0.60$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.96$2.04$1.92$0.50$0.58$0.08
2017Detailed filing. Detailed filing data is available for this year.$4.14$2.15$2.00$0.50$0.60$0.11
2016Detailed filing. Detailed filing data is available for this year.$4.24$2.14$2.10$0.49$0.59$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.38$2.18$2.20$0.48$0.58$0.10
2014Detailed filing. Detailed filing data is available for this year.$4.52$2.22$2.31$0.48$0.70$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$2.26$2.53$0.46$0.60$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$2.31$2.68$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$2.32$2.80$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$2.36$2.95$0.63