Civic Intelligence

Groton Affordable Housing Inc

EIN 22-2831170 • 501(c)3 • Gardner, MA

Profile

To provide affordable residential housing for persons primarily elderly in groton, ma

205 School StreetGardner, MA 01440

n/A

Siviq Scores

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

Liabilities / Assets

98th percentile

2.91x

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

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

Liabilities / Revenue

96th percentile

2.72x

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

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

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

97th percentile

$240,515

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 35.5% of source-year revenue.

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

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

73rd percentile

29%

Faster revenue growth than 73% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$591,663

Up $24,275 (+4.3%) from 2022

Liabilities

Down

$1,966,249

Down $15,591 (-0.8%) from 2022

Net Assets

Up

-$1,374,586

Up $39,866 (+2.8%) from 2022

Operations
Liabilities / Revenue96th percentileNet Margin77th percentile

Revenue

Up

$526,861

Up $11,887 (+2.3%) from 2022

Expenses

Up

$486,995

Up $28,472 (+6.2%) from 2022

Net Income

Down

$39,866

Down $16,585 (-29%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,441,192Liabilities 2010: $2,594,945Net Assets 2010: -$1,153,7532010Assets 2011: $1,321,100Liabilities 2011: $2,519,581Net Assets 2011: -$1,198,4812011Assets 2012: $1,241,687Liabilities 2012: $2,474,535Net Assets 2012: -$1,232,8482012Assets 2013: $1,149,354Liabilities 2013: $2,444,222Net Assets 2013: -$1,294,8682013Assets 2014: $969,459Liabilities 2014: $2,411,246Net Assets 2014: -$1,441,7872014Assets 2015: $910,917Liabilities 2015: $2,386,645Net Assets 2015: -$1,475,7282015Assets 2016: $802,444Liabilities 2016: $2,318,657Net Assets 2016: -$1,516,2132016Assets 2017: $704,736Liabilities 2017: $2,268,972Net Assets 2017: -$1,564,2362017Assets 2018: $611,229Liabilities 2018: $2,216,300Net Assets 2018: -$1,605,0712018Assets 2019: $552,340Liabilities 2019: $2,160,532Net Assets 2019: -$1,608,1922019Assets 2020: $547,734Liabilities 2020: $2,092,933Net Assets 2020: -$1,545,1992020Assets 2021: $575,688Liabilities 2021: $2,046,591Net Assets 2021: -$1,470,9032021Assets 2022: $567,388Liabilities 2022: $1,981,840Net Assets 2022: -$1,414,4522022Assets 2023: $591,663Liabilities 2023: $1,966,249Net Assets 2023: -$1,374,5862023

Highlighted filing

2023

Assets$591,663
Liabilities$1,966,249
Net Assets-$1,374,586
Open 2023 Filing

Operations Trend

Revenue Growth73rd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $517,9982010Expenses 2011: $504,7272011Expenses 2012: $496,4892012Expenses 2013: $525,2272013Revenue 2014: $470,316Expenses 2014: $617,235Net Income 2014: -$146,9192014Revenue 2015: $472,479Expenses 2015: $506,420Net Income 2015: -$33,9412015Revenue 2016: $486,276Expenses 2016: $526,761Net Income 2016: -$40,4852016Revenue 2017: $478,876Expenses 2017: $526,899Net Income 2017: -$48,0232017Revenue 2018: $481,109Expenses 2018: $521,944Net Income 2018: -$40,8352018Revenue 2019: $490,368Expenses 2019: $493,489Net Income 2019: -$3,1212019Revenue 2020: $503,539Expenses 2020: $440,546Net Income 2020: $62,9932020Revenue 2021: $515,508Expenses 2021: $441,212Net Income 2021: $74,2962021Revenue 2022: $514,974Expenses 2022: $458,523Net Income 2022: $56,4512022Revenue 2023: $526,861Expenses 2023: $486,995Net Income 2023: $39,8662023

Highlighted filing

2023

Revenue$526,861
Expenses$486,995
Net Income$39,866
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$591,663
Liabilities
$1,966,249
Net assets
-$1,374,586
Revenue
$526,861
Expenses
$486,995
Net income
$39,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.59$1.97$1.37$0.53$0.49$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$1.98$1.41$0.51$0.46$0.06
2021Summary only. Only limited summary data is available for this year.$0.58$2.05$1.47$0.52$0.44$0.07
2020Summary only. Only limited summary data is available for this year.$0.55$2.09$1.55$0.50$0.44$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$2.16$1.61$0.49$0.49$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$2.22$1.61$0.48$0.52$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$2.27$1.56$0.48$0.53$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.80$2.32$1.52$0.49$0.53$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.91$2.39$1.48$0.47$0.51$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.97$2.41$1.44$0.47$0.62$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$2.44$1.29$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$2.47$1.23$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$2.52$1.20$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$2.59$1.15$0.52
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 26, 2019
Return Version
2017v2.3
Gross Receipts
$481,109
Mission and Program Overview

Mission

To provide affordable residential housing for persons primarily elderly in groton, ma

To acquire, construct, rehabilitate and operate 34 units of affordable residential housing for elderly persons in groton, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$540,563$435,806▼ $104,757
Cash and Non-Interest-Bearing Accounts$41,067$33,559▼ $7,508
Savings and Temporary Cash Investments$8,758$8,763▲ $5
Accounts Receivable$1,039$2,144▲ $1,105
Prepaid Expenses and Deferred Charges$18$569▲ $551
Total Assets$704,736$611,229▼ $93,507
Other Assets Total$113,291$130,388▲ $17,097
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,218,000$2,164,365▼ $53,635
Accounts Payable and Accrued Expenses$33,576$34,105▲ $529
Escrow Account Liability$9,140$8,407▼ $733
Other Liabilities$8,040$7,846▼ $194
Deferred Revenue$216$1,577▲ $1,361
Total Liabilities$2,268,972$2,216,300▼ $52,672
Net Assets / Fund Balance
Unrestricted Net Assets$-1,564,236$-1,605,071▼ $40,835
Total Net Assets Fund Balance$-1,564,236$-1,605,071▼ $40,835
Total Liabilities and Net Assets / Fund Balance$704,736$611,229▼ $93,507

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$309,305$2,462,169$2,771,474
Land$122,178-$122,178
Other Land Buildings$393$12,412$12,805
Equipment$3,930$2,228$6,158
Other Assets Org$17,004--
Compensation and Service Providers
Top Officer Pay97th percentile

Board Members and Trustees

NameTitle
Linda a KirwanPresident/treasurer
Kathy ShelpDirector
Mark ShackDirector
Sheila HarringtonDirector
Deborah a FoleyClerk/resident Agent

Highest Paid Contractors

ContractorServicesLocationCompensation
Rcap Solutions INCManagement Services205 SCHOOL STREET, Gardner, MA 01440$178,166
Revenue and Support

Revenue Composition

Contributions and Grants
$359,925
Program Service Revenue
$110,598
Investment Income
$41
Other Revenue
$10,545
Change in Net Assets
$-40,835

Audited Revenue Reconciliation

Revenue per Audited Statements
$481,109
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$481,109
Total Revenue per Form 990
$481,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$521,944
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$216,787--$216,787
Fees for Services Other$119,085--$119,085
Depreciation Depletion$104,757--$104,757
Fees for Services Management$30,721--$30,721
Office Expenses$13,407--$13,407
Fees for Services Accounting$9,409--$9,409
Conferences and Meetings$1,827--$1,827
Advertising$951--$951
Fees for Services Legal$472--$472
Other Expenses$15--$15
Total Functional Expenses$521,944$0$0$521,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$521,944
Total Expenses per Audited Statements$521,944
Total Expenses per Form 990$521,944
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$7,846
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 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 is affiliated with rcap solutions, inc.(rcap), a nonprofit corporation who is the sponsor agency of the project. Rcap provides property management services and is reimbursed by the corporation. The corporation incurred and paid a management fee of $29,152 for the year ended june 30, 2018 to rcap. The management fee is equal to 6.06% of total rental income collections. The agreement is in effect until canceled by hud, the corporation or rcap.”

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

“The ceo of the management company and president work closely with the cpa firm and provide information necessary to complete the 990. The 990 is discussed with the groton 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 B, Line 12C

“The entity provides a packet of information to the board 3-4 weeks in advance of the board meeting. Included in the packet is the conflict of interest policy and disclosure form. The board members, in addition to linda kirwan and deborah foley, complete and return the conflict of interest disclosure form to deb, who logs them in. If she does not receive these disclosure forms prior to the annual meeting, she will follow up and obtain them at the annual meeting.”

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
Groton Affordable Housing Inc
EIN
22-2831170
Phone
9786306600
Address
205 SCHOOL STREET, GARDNER, MA 01440

Signing Officer

Name
Linda a Kirwan
Title
President
Phone
9782975300
Signed
2019-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda a Kirwan
Formed
1988
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
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 119,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,085.”

Financial Statement Notes

PART IV, LINE 2B:

“The escrow liability amounts reported on form 990, part x line 21 consist of tenant security deposits. 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 439 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/BOYAmt033576
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt034105
IRS990/AccountsReceivableGrp/BOYAmt01039
IRS990/AccountsReceivableGrp/EOYAmt02144
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 34 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN GROTON, MA.
IRS990/AdvertisingGrp/ProgramServicesAmt0951
IRS990/AdvertisingGrp/TotalAmt0951
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN KOLLER
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/BOYAmt041067
IRS990/CashNonInterestBearingGrp/EOYAmt033559
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01827
IRS990/ConferencesMeetingsGrp/TotalAmt01827
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0178166
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/CYContributionsGrantsAmt0359925
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt041
IRS990/CYOtherExpensesAmt0521944
IRS990/CYOtherRevenueAmt010545
IRS990/CYProgramServiceRevenueAmt0110598
IRS990/CYRevenuesLessExpensesAmt0-40835
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0521944
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0481109
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0216
IRS990/DeferredRevenueGrp/EOYAmt01577
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0104757
IRS990/DepreciationDepletionGrp/TotalAmt0104757
IRS990/Desc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR PERSONS PRIMARILY ELDERLY IN GROTON, MA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt09140
IRS990/EscrowAccountLiabilityGrp/EOYAmt08407
IRS990/ExpenseAmt0521944
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09409
IRS990/FeesForServicesAccountingGrp/TotalAmt09409
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0472
IRS990/FeesForServicesLegalGrp/TotalAmt0472
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt030721
IRS990/FeesForServicesManagementGrp/TotalAmt030721
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0119085
IRS990/FeesForServicesOtherGrp/TotalAmt0119085
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/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK SHACK
IRS990/Form990PartVIISectionAGrp/PersonNm1SHEILA HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHY SHELP
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBORAH A FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA A KIRWAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK/RESIDENT AGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/GrossReceiptsAmt0481109
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt016
IRS990/MissionDesc0TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR PERSONS PRIMARILY ELDERLY IN GROTON, MA
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0-1605071
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt0216787
IRS990/OfficeExpensesGrp/ProgramServicesAmt013407
IRS990/OfficeExpensesGrp/TotalAmt013407
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0113291
IRS990/OtherAssetsTotalGrp/EOYAmt0130388
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc1TAXES, LICENCES & PERMI
IRS990/OtherExpensesGrp/Desc2LOSS DUE TO RECAPTURE O
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IRS990/OtherExpensesGrp/ProgramServicesAmt12437
IRS990/OtherExpensesGrp/ProgramServicesAmt215
IRS990/OtherExpensesGrp/TotalAmt022076
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IRS990/OtherLiabilitiesGrp/BOYAmt08040
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IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0RECAPTURE OF RESIDUAL
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07522
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13007
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07522
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13007
IRS990/OtherRevenueTotalAmt010545
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0569
IRS990/PrincipalOfficerNm0LINDA A KIRWAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0110598
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0110598
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0361750
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030
IRS990/PYOtherExpensesAmt0526899
IRS990/PYOtherRevenueAmt02908
IRS990/PYProgramServiceRevenueAmt0114188
IRS990/PYRevenuesLessExpensesAmt0-48023
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0526899
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0478876
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-40835
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0121143
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08758
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08763
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0359925
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0361750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0335138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0346922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0340982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01744717
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0127
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0289
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0110598
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0114188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0140360
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0122297
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0122630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0610073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0127
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0289
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010545
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02908
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt010748
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03199
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06577
IRS990ScheduleA/OtherIncome509Grp/TotalAmt033977
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98570
IRS990ScheduleA/PublicSupportPY509Pct00.98900
IRS990ScheduleA/PublicSupportTotal509Amt02354790
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0470523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0475938
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0475498
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0469219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0463612
IRS990ScheduleA/Total509Grp/TotalAmt02354790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0481109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0478876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0486276
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0472479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0470316
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02389056
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0309305
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02462169
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02771474
IRS990ScheduleD/EquipmentGrp/BookValueAmt03930
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02228
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06158
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0521944
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0122178
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0122178
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08408
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt176522
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt228454
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt317004
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MORTGAGE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0393
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012412
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07846
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0481109
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS REPORTED ON FORM 990, PART X LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0435806
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0130388
IRS990ScheduleD/TotalExpensesPerForm990Amt0521944
IRS990ScheduleD/TotalLiabilityAmt07846
IRS990ScheduleD/TotalRevenuePerForm990Amt0481109
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0481109
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0521944
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS AFFILIATED WITH RCAP SOLUTIONS, INC.(RCAP), A NONPROFIT CORPORATION WHO IS THE SPONSOR AGENCY OF THE PROJECT. RCAP PROVIDES PROPERTY MANAGEMENT SERVICES AND IS REIMBURSED BY THE CORPORATION. THE CORPORATION INCURRED AND PAID A MANAGEMENT FEE OF $29,152 FOR THE YEAR ENDED JUNE 30, 2018 TO RCAP. THE MANAGEMENT FEE IS EQUAL TO 6.06% OF TOTAL RENTAL INCOME COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR RCAP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO OF THE MANAGEMENT COMPANY AND PRESIDENT WORK CLOSELY WITH THE CPA FIRM AND PROVIDE INFORMATION NECESSARY TO COMPLETE THE 990. THE 990 IS DISCUSSED WITH THE GROTON 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/ExplanationTxt2THE ENTITY PROVIDES A PACKET OF INFORMATION TO THE BOARD 3-4 WEEKS IN ADVANCE OF THE BOARD MEETING. INCLUDED IN THE PACKET IS THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM. THE BOARD MEMBERS, IN ADDITION TO LINDA KIRWAN AND DEBORAH FOLEY, COMPLETE AND RETURN THE CONFLICT OF INTEREST DISCLOSURE FORM TO DEB, WHO LOGS THEM IN. IF SHE DOES NOT RECEIVE THESE DISCLOSURE FORMS PRIOR TO THE ANNUAL MEETING, SHE WILL FOLLOW UP AND OBTAIN THEM AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/ExplanationTxt4MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 119,085. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 119,085.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0704736
IRS990/TotalAssetsEOYAmt0611229
IRS990/TotalAssetsGrp/BOYAmt0704736
IRS990/TotalAssetsGrp/EOYAmt0611229
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0359925
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0521944
IRS990/TotalFunctionalExpensesGrp/TotalAmt0521944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02268972
IRS990/TotalLiabilitiesEOYAmt02216300
IRS990/TotalLiabilitiesGrp/BOYAmt02268972
IRS990/TotalLiabilitiesGrp/EOYAmt02216300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1564236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1605071
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0521944
IRS990/TotalProgramServiceRevenueAmt0110598
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt041
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0121143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0481109
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0704736
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1564236
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1605071
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 SCHOOL STREET
IRS990/USAddress/CityNm0GARDNER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001440
IRS990/VotingMembersGoverningBodyCnt03

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