Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $846,179

• 1g · Noncash contributions included above

  $846,179

• 2a · Program service revenue: RENTAL INCOME

  total $2,102,543 · related or exempt $2,102,543

• 3 · Investment income

  total $1,603 · excluded $1,603

• 11a · Other revenue: OTHER INCOME

  total $49,564 · excluded $49,564

• 11e · Other revenue, total

  $49,564

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $399,941 · program services $283,611 · management and general $116,330

• 9 · Other employee benefits

  total $60,395 · program services $8,675 · management and general $51,720

• 11a · Fees: management

  total $161,538 · management and general $161,538

• 11b · Fees: legal

  total $347 · management and general $347

• 11c · Fees: accounting

  total $99,586 · management and general $99,586

• 11g · Fees: other

  total $79,419 · management and general $79,419

• 12 · Advertising and promotion

  total $2,378 · management and general $2,378

• 13 · Office expenses

  total $47,854 · management and general $47,854

• 14 · Information technology

  total $18,983 · management and general $18,983

• 16 · Occupancy

  total $654,334 · program services $654,334

• 20 · Interest

  total $409,025 · program services $409,025

• 22 · Depreciation, depletion and amortization

  total $1,112,030 · program services $1,112,030

• 23 · Insurance

  total $142,337 · program services $141,654 · management and general $683

• 24a · Other expenses: DEVELOPER FEE EXPENSE

  total $250,000 · program services $250,000

• 24b · Other expenses: TENANT SERVICES

  total $123,774 · program services $123,774

• 24c · Other expenses: TAXES & PAYMENTS IN LIE

  total $49,081 · management and general $49,081

• 24d · Other expenses: BAD DEBT EXPENSE

  total $22,986 · management and general $22,986

• 24e · All other expenses

  total $162 · management and general $162

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,712,013 · end of year $2,224,937

• 2 · Savings and temporary cash investments

  beginning of year $50,724 · end of year $50,826

• 4 · Accounts receivable

  beginning of year $43,512 · end of year $78,668

• 9 · Prepaid expenses and deferred charges

  beginning of year $119,015 · end of year $123,988

• 10a · Land, buildings and equipment: cost or other basis

  $36,527,485

• 10b · Land, buildings and equipment: accumulated depreciation

  $12,595,782

• 10c · Land, buildings and equipment, net

  beginning of year $24,584,197 · end of year $23,931,703

• 15 · Other assets

  beginning of year $1,718,160 · end of year $13,014,678

• 17 · Accounts payable and accrued expenses

  beginning of year $2,417,005 · end of year $647,408

• 19 · Deferred revenue

  beginning of year $6,260 · end of year $12,375

• 23 · Secured mortgages and notes payable

  end of year $26,805,096

• 25 · Other liabilities

  beginning of year $24,977,085 · end of year $11,766,931

• 27 · Net assets without donor restrictions

  beginning of year $827,271 · end of year $192,990

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF CAMBRIDGE HOUSING AUTHORITY (CHA), A RELATED ORGANIZATION, APPOINTS A CLERK WHO USES A DILIGENT REVIEW PROCESS TO DETERMINE COMPENSATION OF OFFICERS AND TOP MANAGEMENT. THE COMPENSATION PROCESS INCLUDES A REVIEW OF MARKET RATES AND PASSED AFTER A REVIEW BY THE BOARD. THE COMPENSATION CONTRACT IS KEPT CURRENT BY THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT. COMPENSATION IS ONLY RECEIVED BY CHA ACTIVITIES. NO COMPENSATION IS PAID DIRECTLY FROM KENNEDY MANAGEMENT, INC.

Disregarded entities

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

• 116 NORFOLK APARTMENTS MANAGER LLC

  PROPERTY MANAGEMENT · MA · income $0 · assets $0

  Directly controlled by KENNEDY MANAGEMENT INC

• LANCASTER STREET APARTMENTS LLC

  PROPERTY MANAGEMENT · MA · income $0 · assets $0

  Directly controlled by KENNEDY MANAGEMENT INC

• FUND 2009 JFK HOLDINGS LLC

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

  Directly controlled by KENNEDY MANAGEMENT INC

• 116 NORFOLK APARTMENTS LLC

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

  Directly controlled by KENNEDY MANAGEMENT INC

Related partnerships

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

• JOHN F KENNEDY APARTMENTS LLC

  RELATED · AFFORDABLE HOUSING · MA · general or managing partner

  Directly controlled by KENNEDY MANAGEMENT INC