Form 990 for tax year 2024

Filed by HOUSING CORPORATION OF ARLINGTON.

Totals

Total revenue: $2,902,481
Total expenses: $2,583,324
Contributions and grants received: $1,128,071
Grants paid: $90,846
Program service revenue: $1,475,368
Investment income: $16,551
Other revenue: $282,491
Total assets, end of year: $21,332,292
Total liabilities, end of year: $22,862,582
Net assets or fund balances, end of year: -$1,530,290
Program services expenses (Part IX): $2,302,448
Management and general expenses: $193,491
Fundraising expenses: $87,385
Program service expenses (Part III): $2,302,448

Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$350,000
1f · All other contributions, gifts and grants

$778,071
2a · Program service revenue: RENTAL INCOME

total $1,313,168 · related or exempt $1,313,168
2b · Program service revenue: DEVELOPER FEES

total $123,194 · related or exempt $123,194
2c · Program service revenue: MANAGEMENT FEES

total $39,006 · related or exempt $39,006
3 · Investment income

total $16,551 · excluded $16,551
11a · Other revenue: OTHER INCOME

total $282,491 · related or exempt $282,491
11e · Other revenue, total

$282,491

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $90,846 · program services $90,846
5 · Compensation of officers, directors and key employees

total $120,916 · program services $55,622 · management and general $33,856 · fundraising $31,438
7 · Other salaries and wages

total $247,829 · program services $222,981 · management and general $3,018 · fundraising $21,830
9 · Other employee benefits

total $2,480 · program services $1,874 · management and general $248 · fundraising $358
10 · Payroll taxes

total $29,885 · program services $22,579 · management and general $2,989 · fundraising $4,317
11a · Fees: management

total $63,194 · program services $63,194
11b · Fees: legal

total $108,519 · program services $97,812 · management and general $4,380 · fundraising $6,327
11c · Fees: accounting

total $159,550 · program services $26,550 · management and general $133,000
11g · Fees: other

total $318,310 · program services $305,122 · management and general $5,395 · fundraising $7,793
13 · Office expenses

total $76,325 · program services $64,412 · management and general $4,873 · fundraising $7,040
16 · Occupancy

total $564,930 · program services $563,509 · management and general $581 · fundraising $840
20 · Interest

total $7,862 · program services $7,862
22 · Depreciation, depletion and amortization

total $620,984 · program services $620,984
23 · Insurance

total $76,276 · program services $75,823 · management and general $185 · fundraising $268
24a · Other expenses: MISCELLANEOUS

total $95,418 · program services $83,278 · management and general $4,966 · fundraising $7,174

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $228,153 · end of year $515,307
4 · Accounts receivable

beginning of year $91,955 · end of year $115,836
9 · Prepaid expenses and deferred charges

beginning of year $70,605 · end of year $74,766
10a · Land, buildings and equipment: cost or other basis

$21,921,824
10b · Land, buildings and equipment: accumulated depreciation

$8,108,007
10c · Land, buildings and equipment, net

beginning of year $14,371,348 · end of year $13,813,817
15 · Other assets

beginning of year $5,493,002 · end of year $6,812,566
17 · Accounts payable and accrued expenses

beginning of year $702,691 · end of year $755,057
21 · Escrow or custodial account liability

beginning of year $52,502 · end of year $54,297
23 · Secured mortgages and notes payable

beginning of year $20,100,214 · end of year $20,138,736
25 · Other liabilities

beginning of year $1,249,103 · end of year $1,914,492
27 · Net assets without donor restrictions

beginning of year -$1,849,447 · end of year -$1,530,290

Mission and programs · 2024

Mission

TO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE INCOME MEMBERS OF SOCIETY.

Activities or mission (Part I)

THE HOUSING CORPORATION OF ARLINGTON PROVIDES AND ADVOCATES FOR DECENT, AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES AND INDIVIDUALS IN ARLINGTON AND SURROUNDING COMMUNITIES, WHILE PROMOTING SOCIAL AND ECONOMIC DIVERSITY.

AFFORDABLE HOUSINGHCA OWNS AND MANAGES 151 UNITS OF AFFORDABLE RENTAL HOUSING. OUR NEXT AFFORDABLE HOUSING DEVELOPMENT OF 43 PASSIVE HOUSE UNITS WILL BE COMPLETED IN 2026. HCA'S HOUSING PROPERTIES RANGE IN SIZE FROM 2-48 UNITS AND ARE LOCATED THROUGHOUT ARLINGTON. UNITS ARE RESTRICTED TO BE AFFORDABLE IN PERPETUITY FOR HOUSEHOLDS EARNING NO MORE THAN 60% OF THE AREA MEDIAN INCOME. HCA ENGAGES A PROFESSIONAL PROPERTY MANAGEMENT FIRM TO HELP MANAGE OUR PROPERTIES. HCA CONTINUALLY SEEKS NEW SITES IN ORDER TO CREATE MORE AFFORDABLE HOMES VIA ACQUISITION AND REHAB, OR NEW CONSTRUCTION.

Expenses $1,714,866 · Revenue $1,757,859
SOCIAL SERVICESHCA SUPPORTS OUR OWN TENANTS AND OTHER LOW-INCOME FAMILIES WITH A WIDE RANGE OF HOUSING AND OTHER SOCIAL SERVICE NEEDS. BASED ON A COMPREHENSIVE INTAKE, ASSISTANCE MAY INCLUDE: HOMELESSNESS PREVENTION PROGRAM GRANTS: HCA HELPS APPROXIMATELY 50 ARLINGTON FAMILIES A YEAR REMAIN STABLY HOUSED BY AWARDING CLOSE TO $100,000 IN DIRECT SMALL GRANTS TO COVER RENT, SECURITY DEPOSIT OR MOVING EXPENSES. THESE ONE-TIME GRANTS MAY BE THE DIFFERENCE BETWEEN HOMELESSNESS AND STABILITY FOR FAMILIES FACING JOB LOSS, MEDICAL ISSUES, DIVORCE, OR OTHER LIFE CIRCUMSTANCES.HOUSING SUPPORT & SEARCH: HCA HELPS FAMILIES AND INDIVIDUALS WITH HOUSING SEARCH, AND ADDRESS UNSAFE HOUSING CONDITIONS, THREAT OF EVICTION AND MORE. HCA STAFF HELP TENANTS COMMUNICATE WITH LANDLORDS, APPLY FOR WAITING LISTS (INCLUDING HCA'S), APPLY FOR HOUSING VOUCHERS, SECURE A SHELTER BED, OR APPLY FOR HPP AND/OR OTHER RENTAL ASSISTANCE. OTHER SERVICES: HCA STAFF HELP CLIENTS SECURE SOCIAL SECURITY BENEFITS AND MASSHEALTH HEALTH CARE. WE REFER FAMILIES FOR MENTAL HEALTH COUNSELING, FOOD, FUEL ASSISTANCE, JOB SEARCH AND MORE. HCA STAFF MAINTAIN STRONG RELATIONSHIPS WITH PARTNERS, AND FOLLOWS UP UNTIL CLIENTS' NEEDS ARE MET. THROUGH BANK PARTNERSHIPS, HCA ALSO PROVIDES FREE FINANCIAL LITERACY CLASSES.

Expenses $587,582 · Grants $90,846
COMMUNITY ENGAGEMENT AND LEADERSHIP DEVELOPMENTTHROUGH HCA'S TENANT COUNCIL OUR TENANTS GAIN A VOICE IN HOW HCA'S PROPERTIES ARE MANAGED AND CAN PLAY A DIRECT ROLE IN BUILDING THEIR QUALITY OF LIFE. ANY TENANT CAN GAIN LEADERSHIP SKILLS BY JOINING THE TENANT COUNCIL STEERING COMMITTEE, WHICH FACILITATES THE COUNCIL WITH HCA STAFF SUPPORT.HCA ALSO HELPS TO EDUCATE COMMUNITY MEMBERS OF ALL INCOMES ABOUT AFFORDABLE HOUSING ISSUES, AND HELPS THEM BRING THEIR VOICE TO PUBLIC CONVERSATIONS AND TO DECISION MAKING PROCESSES RELATING TO AFFORDABLE HOUSING AND FAMILY STABILITY AT THE STATE AND LOCAL LEVEL. HCA TENANTS AND OTHER RESIDENTS ALSO PLAY KEY ROLES ON HCA COMMITTEES, INCLUDING THE BOARD OF DIRECTORS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Neal MongoldNEAL MONGOLD

PRESIDENT

Total calculated

$0

Hours/week

3 + 1 related
Makeelia ParkerMAKEELIA PARKER

VICE PRESIDENT

Total calculated

$0

Hours/week

3
Jillian StandishJILLIAN STANDISH

TREASURER

Total calculated

$0

Hours/week

3
Deirdre WestcottDEIRDRE WESTCOTT

CLERK

Total calculated

$0

Hours/week

3 + 1 related
Thomas NeeTHOMAS NEE

DIRECTOR

Total calculated

$0

Hours/week

2 + 1 related
Jonathan WallachJONATHAN WALLACH

DIRECTOR

Total calculated

$0

Hours/week

2 + 1 related
Danielle CheryDANIELLE CHERY

DIRECTOR

Total calculated

$0

Hours/week

2
Laura WienerLAURA WIENER

DIRECTOR

Total calculated

$0

Hours/week

2
Tina AndersonTINA ANDERSON

DIRECTOR

Total calculated

$0

Hours/week

2
Elena ArrendolELENA ARRENDOL

DIRECTOR

Total calculated

$0

Hours/week

2
Ken GardenKEN GARDEN

DIRECTOR

Total calculated

$0

Hours/week

2
Christopher ClaflinCHRISTOPHER CLAFLIN

DIRECTOR

Total calculated

$0

Hours/week

2
Michael MangoMICHAEL MANGO

DIRECTOR

Total calculated

$0

Hours/week

2
John OliverJOHN OLIVER

DIRECTOR

Total calculated

$0

Hours/week

2
Sherika WilliamsonSHERIKA WILLIAMSON

DIRECTOR

Total calculated

$0

Hours/week

2
Jack CooperJACK COOPER

DIRECTOR (UNTIL 2024)

Total calculated

$0

Hours/week

2
Kinjal SinghKINJAL SINGH

DIRECTOR (UNTIL 2024)

Total calculated

$0

Hours/week

2
Matthew PierceMATTHEW PIERCE

DIRECTOR (UNTIL 2024)

Total calculated

$0

Hours/week

2
Erica SchwarzERICA SCHWARZ

EXECUTIVE DIRECTOR

Total calculated

$120,916

From this org

$120,916

From related orgs

$0

Other

$0

Hours/week

40 + 1 related
Takayedza MashokoTAKAYEDZA MASHOKO

DIRECTOR OF FINANCE

Total calculated

$107,242

From this org

$101,482

From related orgs

$0

Other

$5,760

Hours/week

32

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

ACADEMY DEVELOPMENT PARTNERS INC

501(C)(3) · AFFORDABLE HOUSING · MA · controlled entity

Directly controlled by HOUSING CORPORATION OF ARLINGTON

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

HOLY SAGE KRP LLC

AFFORDABLE HOUSING · MA · income $190,753 · assets $4,192,384

Directly controlled by HOUSING CORPORATION OF ARLINGTON
HCA 840-846 MA AVE LLC

AFFORDABLE HOUSING · MA · income $0 · assets $0

Directly controlled by HOUSING CORPORATION OF ARLINGTON

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

HCA CAPITOL SQUARE APARTMENTS LLC

RENTAL REAL ESTATE · MA
DSBI LLC

RENTAL REAL ESTATE · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

252 258-260 MASS AVE LLC

C · RENTAL REAL ESTATE · MA · 79% owned · share of income -$1,637 · controlled entity

Directly controlled by HOUSING CORPORATION OF ARLINGTON
DSBI MANAGER LLC

C · RENTAL REAL ESTATE · MA · 79% owned · share of income -$1,606 · controlled entity

Directly controlled by HOUSING CORPORATION OF ARLINGTON

Provenance

Return type: form_990
Tax year: 2024
Filed: 11 November 2025
IRS schema version: 2024v5.2
Source object: 202503189349303055

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