Civic Intelligence

Townsend Elderly Residences Inc C/O Rcap Solutions Inc

990 • Fiscal year 2017 • EIN 22-2619885

Nov 01, 2016 to Oct 31, 2017 • Filed on Aug 29, 2018

Organization ProfileN/A
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

97th percentile

1.73x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

5.18x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

30th percentile

-3.7%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

17th percentile

-6.2%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.5%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,865,028

Down $124,039 (-6.2%) from 2016

Net Assets

Down

-$1,366,716

Down $22,830 (-1.7%) from 2016

Liabilities

Down

$3,231,744

Down $101,209 (-3.0%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin30th percentile

Revenue

Up

$623,433

Up $15,121 (+2.5%) from 2016

Expenses

Up

$646,263

Up $24,956 (+4.0%) from 2016

Net Income

Down

-$22,830

Down $9,835 (-76%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,722,373Liabilities 2010: $3,632,547Net Assets 2010: -$910,1742010Assets 2011: $2,641,231Liabilities 2011: $3,598,812Net Assets 2011: -$957,5812011Assets 2012: $2,556,285Liabilities 2012: $3,564,065Net Assets 2012: -$1,007,7802012Assets 2013: $2,307,454Liabilities 2013: $3,506,084Net Assets 2013: -$1,198,6302013Assets 2014: $2,113,868Liabilities 2014: $3,437,114Net Assets 2014: -$1,323,2462014Assets 2015: $2,068,985Liabilities 2015: $3,399,876Net Assets 2015: -$1,330,8912015Assets 2016: $1,989,067Liabilities 2016: $3,332,953Net Assets 2016: -$1,343,8862016Assets 2017: $1,865,028Liabilities 2017: $3,231,744Net Assets 2017: -$1,366,7162017Assets 2018: $1,770,349Liabilities 2018: $3,145,615Net Assets 2018: -$1,375,2662018Assets 2019: $1,714,716Liabilities 2019: $3,093,277Net Assets 2019: -$1,378,5612019Assets 2020: $1,629,422Liabilities 2020: $3,001,492Net Assets 2020: -$1,372,0702020Assets 2021: $1,555,194Liabilities 2021: $2,919,696Net Assets 2021: -$1,364,5022021Assets 2022: $1,433,455Liabilities 2022: $2,829,450Net Assets 2022: -$1,395,9952022Assets 2023: $1,365,363Liabilities 2023: $2,712,989Net Assets 2023: -$1,347,6262023Assets 2024: $1,323,830Liabilities 2024: $2,647,311Net Assets 2024: -$1,323,4812024

Highlighted filing

2017

Assets$1,865,028
Liabilities$3,231,744
Net Assets-$1,366,716
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $611,1042010Expenses 2011: $640,0702011Expenses 2012: $640,3112012Expenses 2013: $783,9032013Revenue 2014: $600,961Expenses 2014: $725,577Net Income 2014: -$124,6162014Revenue 2015: $634,009Expenses 2015: $641,654Net Income 2015: -$7,6452015Revenue 2016: $608,312Expenses 2016: $621,307Net Income 2016: -$12,9952016Revenue 2017: $623,433Expenses 2017: $646,263Net Income 2017: -$22,8302017Revenue 2018: $631,407Expenses 2018: $639,957Net Income 2018: -$8,5502018Revenue 2019: $648,919Expenses 2019: $652,214Net Income 2019: -$3,2952019Revenue 2020: $649,759Expenses 2020: $643,268Net Income 2020: $6,4912020Revenue 2021: $674,633Expenses 2021: $667,065Net Income 2021: $7,5682021Revenue 2022: $664,847Expenses 2022: $696,340Net Income 2022: -$31,4932022Revenue 2023: $724,719Expenses 2023: $676,350Net Income 2023: $48,3692023Revenue 2024: $748,682Expenses 2024: $724,537Net Income 2024: $24,1452024

Highlighted filing

2017

Revenue$623,433
Expenses$646,263
Net Income-$22,830
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Aug 29, 2018
Return Version
2016v3.0
Gross Receipts
$623,433
Mission and Program Overview

Mission

To provide affordable residential housing for elderly persons in townsend, ma.

To acquire, construct, rehabilitate and operate 50 units of affordable residential housing for elderly persons in townsend, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,789,267$1,695,260▼ $94,007
Prepaid Expenses and Deferred Charges$23,493$24,700▲ $1,207
Cash and Non-Interest-Bearing Accounts$69,100$22,689▼ $46,411
Accounts Receivable$1,010$2,269▲ $1,259
Total Assets$1,989,067$1,865,028▼ $124,039
Other Assets Total$106,197$120,110▲ $13,913
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,245,203$3,170,135▼ $75,068
Accounts Payable and Accrued Expenses$69,893$42,289▼ $27,604
Escrow Account Liability$17,838$17,240▼ $598
Deferred Revenue$19$2,080▲ $2,061
Total Liabilities$3,332,953$3,231,744▼ $101,209
Net Assets / Fund Balance
Unrestricted Net Assets$-1,343,886$-1,366,716▼ $22,830
Total Net Assets Fund Balance$-1,343,886$-1,366,716▼ $22,830
Total Liabilities and Net Assets / Fund Balance$1,989,067$1,865,028▼ $124,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,582,582$2,372,651$3,955,233
Equipment$31,504$77,525$109,029
Land$69,924-$69,924
Other Land Buildings$11,250$8,305$19,555
Other Assets Org$25,005--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Linda a KirwanPresident/treasurer
David ProfitDirector
Faith K LaksoDirector
Janet M WessonDirector
Janis C ConlonDirector
Linda L HargravesDirector
Deborah FoleyClerk/resident Agent

Highest Paid Contractors

ContractorServicesLocationCompensation
Rcap Solutions INCManagement Services205 SCHOOL STREET, Gardner, MA 01440$218,582
Revenue and Support

Revenue Composition

Contributions and Grants
$383,942
Program Service Revenue
$236,969
Investment Income
$33
Other Revenue
$2,489
Change in Net Assets
$-22,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$623,433
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$623,433
Total Revenue per Form 990
$623,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$646,263
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$292,679--$292,679
Fees for Services Other$121,568--$121,568
Depreciation Depletion$104,920--$104,920
Fees for Services Management$46,255--$46,255
Office Expenses$21,302--$21,302
Fees for Services Accounting$9,085--$9,085
Insurance$2,582--$2,582
Conferences and Meetings$1,056--$1,056
Fees for Services Legal$533--$533
Advertising$148--$148
Other Expenses$14--$14
Total Functional Expenses$646,263$0$0$646,263

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$646,263
Total Expenses per Audited Statements$646,263
Total Expenses per Form 990$646,263
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 $42,079 for the year ended october 31, 2017 due to rcap. The management fee is equal to 6.75% 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 townsend 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
Townsend Elderly Residences Inc
EIN
22-2619885
Phone
9786306600
Address
205 SCHOOL STREET, GARDNER, MA 01440

Signing Officer

Name
Linda Kirwan
Title
President/treasurer
Phone
9786306600
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Kirwan
Formed
1985
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
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 121,568. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,568.”

Financial Statement Notes

PART IV, LINE 2B:

“The tenant security deposits are held in a separate bank account. Policy is to collect a security deposit of up to one month's rent from the tenant. Upon termination of the lease, the security deposits can be used to pay for damages caused by the tenant or used against unpaid receivables with the remaining balance being refunded to the tenant.”

Raw XML AppendixShowing 400 of 449 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/BOYAmt069893
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt042289
IRS990/AccountsReceivableGrp/BOYAmt01010
IRS990/AccountsReceivableGrp/EOYAmt02269
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 50 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN TOWNSEND, MA.
IRS990/AdvertisingGrp/ProgramServicesAmt0148
IRS990/AdvertisingGrp/TotalAmt0148
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LINDA KIRWAN
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/BOYAmt069100
IRS990/CashNonInterestBearingGrp/EOYAmt022689
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01056
IRS990/ConferencesMeetingsGrp/TotalAmt01056
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0218582
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/CYContributionsGrantsAmt0383942
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt033
IRS990/CYOtherExpensesAmt0646263
IRS990/CYOtherRevenueAmt02489
IRS990/CYProgramServiceRevenueAmt0236969
IRS990/CYRevenuesLessExpensesAmt0-22830
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0646263
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0623433
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt019
IRS990/DeferredRevenueGrp/EOYAmt02080
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0104920
IRS990/DepreciationDepletionGrp/TotalAmt0104920
IRS990/Desc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN TOWNSEND, MA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt017838
IRS990/EscrowAccountLiabilityGrp/EOYAmt017240
IRS990/ExpenseAmt0646263
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09085
IRS990/FeesForServicesAccountingGrp/TotalAmt09085
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0533
IRS990/FeesForServicesLegalGrp/TotalAmt0533
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt046255
IRS990/FeesForServicesManagementGrp/TotalAmt046255
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0121568
IRS990/FeesForServicesOtherGrp/TotalAmt0121568
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/AverageHoursPerWeekRt60.10
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JANIS C CONLON
IRS990/Form990PartVIISectionAGrp/PersonNm1JANET M WESSON
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDA L HARGRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID PROFIT
IRS990/Form990PartVIISectionAGrp/PersonNm4FAITH K LAKSO
IRS990/Form990PartVIISectionAGrp/PersonNm5DEBORAH FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6LINDA A KIRWAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CLERK/RESIDENT AGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0383942
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0623433
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt02582
IRS990/InsuranceGrp/TotalAmt02582
IRS990/InvestmentIncomeGrp/ExclusionAmt033
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02458481
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01789267
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01695260
IRS990/LandBldgEquipCostOrOtherBssAmt04153741
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt03
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN TOWNSEND, MA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03245203
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03170135
IRS990/NetAssetsOrFundBalancesBOYAmt0-1343886
IRS990/NetAssetsOrFundBalancesEOYAmt0-1366716
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0292679
IRS990/OccupancyGrp/TotalAmt0292679
IRS990/OfficeExpensesGrp/ProgramServicesAmt021302
IRS990/OfficeExpensesGrp/TotalAmt021302
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0106197
IRS990/OtherAssetsTotalGrp/EOYAmt0120110
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc1MISC. TAXES, LICENSES
IRS990/OtherExpensesGrp/Desc2RESIDENTIAL RECEIPTS
IRS990/OtherExpensesGrp/ProgramServicesAmt045852
IRS990/OtherExpensesGrp/ProgramServicesAmt1269
IRS990/OtherExpensesGrp/ProgramServicesAmt214
IRS990/OtherExpensesGrp/TotalAmt045852
IRS990/OtherExpensesGrp/TotalAmt1269
IRS990/OtherExpensesGrp/TotalAmt214
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02486
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02486
IRS990/OtherRevenueTotalAmt02489
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023493
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024700
IRS990/PrincipalOfficerNm0LINDA KIRWAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0236969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0236969
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0379413
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024
IRS990/PYOtherExpensesAmt0621307
IRS990/PYOtherRevenueAmt02739
IRS990/PYProgramServiceRevenueAmt0226136
IRS990/PYRevenuesLessExpensesAmt0-12995
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0621307
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0608312
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-22830
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0239458
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0383942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0379413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0404409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0389179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0393513
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01950456
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0236969
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0226136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0203913
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0208733
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0196925
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01072676
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0170
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02489
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02739
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt025663
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03006
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02569
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036466
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98800
IRS990ScheduleA/PublicSupportPY509Pct00.98780
IRS990ScheduleA/PublicSupportTotal509Amt03023132
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0620911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0605549
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0608322
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0597912
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0590438
IRS990ScheduleA/Total509Grp/TotalAmt03023132
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0623433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0608312
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0634009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0600961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0593053
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03059768
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/BookValueAmt01582582
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02372651
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03955233
IRS990ScheduleD/EquipmentGrp/BookValueAmt031504
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0109029
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0646263
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt069924
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt069924
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017240
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115944
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt261921
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt325005
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011250
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08305
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019555
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0623433
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT. POLICY IS TO COLLECT A SECURITY DEPOSIT OF UP TO ONE MONTH'S RENT FROM THE TENANT. UPON TERMINATION OF THE LEASE, THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES WITH THE REMAINING BALANCE BEING REFUNDED TO THE TENANT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01695260
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0120110
IRS990ScheduleD/TotalExpensesPerForm990Amt0646263
IRS990ScheduleD/TotalRevenuePerForm990Amt0623433
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0623433
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0646263
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $42,079 FOR THE YEAR ENDED OCTOBER 31, 2017 DUE TO RCAP. THE MANAGEMENT FEE IS EQUAL TO 6.75% 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 TOWNSEND 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 121,568. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,568.
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/TotalAssetsBOYAmt01989067
IRS990/TotalAssetsEOYAmt01865028
IRS990/TotalAssetsGrp/BOYAmt01989067
IRS990/TotalAssetsGrp/EOYAmt01865028
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0383942
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0646263
IRS990/TotalFunctionalExpensesGrp/TotalAmt0646263
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03332953
IRS990/TotalLiabilitiesEOYAmt03231744
IRS990/TotalLiabilitiesGrp/BOYAmt03332953
IRS990/TotalLiabilitiesGrp/EOYAmt03231744
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1343886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1366716
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0646263
IRS990/TotalProgramServiceRevenueAmt0236969
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt033
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0239458
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0623433
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01989067
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01865028
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,865,028
Liabilities
$3,231,744
Net assets
-$1,366,716
Revenue
$623,433
Expenses
$646,263
Net income
-$22,830
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$2.65$1.32$0.75$0.72$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.37$2.71$1.35$0.72$0.68$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$2.83$1.40$0.66$0.70$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.56$2.92$1.36$0.67$0.67$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.63$3.00$1.37$0.65$0.64$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.71$3.09$1.38$0.65$0.65$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.77$3.15$1.38$0.63$0.64$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.87$3.23$1.37$0.62$0.65$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.99$3.33$1.34$0.61$0.62$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.07$3.40$1.33$0.63$0.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.11$3.44$1.32$0.60$0.73$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$3.51$1.20$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$3.56$1.01$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$3.60$0.96$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$3.63$0.91$0.61