Form 990 for tax year 2023

Filed by HOUSING CORPORATION OF ARLINGTON.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 10 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $840,033 changed to $2,298,053
Total expenses: $901,279 changed to $3,037,677
Contributions and grants received: $793,017 changed to $688,354
Program service revenue: $46,600 changed to $1,297,303
Investment income: $1 changed to $54,917
Other revenue: $415 changed to $257,479
Total assets, end of year: $10,765,439 changed to $20,255,063
Total liabilities, end of year: $6,355,617 changed to $22,104,510
Net assets or fund balances, end of year: $4,409,822 changed to -$1,849,447
Program services expenses: $739,950 changed to $2,753,604
Management and general expenses: $161,329 changed to $188,065
Fundraising expenses: $0 changed to $96,008
Program service expenses (Part III): $739,950 changed to $2,753,604

Listed only on the earlier return

John CooperJOHN COOPER

Listed only on the later return

Jack CooperJACK COOPER

Listed under a different title

Neal MongoldNEAL MONGOLD: VICE PRESIDENT then VP (UNTIL 10/23)/PRES. (AS OF 10/23)
Thomas NeeTHOMAS NEE: PRESIDENT then PRESIDENT (UNTIL 10/23)

Totals

Total revenue: $840,033
Total expenses: $901,279
Contributions and grants received: $793,017
Grants paid: $114,761
Program service revenue: $46,600
Investment income: $1
Other revenue: $415
Total assets, end of year: $10,765,439
Total liabilities, end of year: $6,355,617
Net assets or fund balances, end of year: $4,409,822
Program services expenses (Part IX): $739,950
Management and general expenses: $161,329
Fundraising expenses: $0
Program service expenses (Part III): $739,950

Program services were 82.1% 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)

$316,331
1f · All other contributions, gifts and grants

$476,686
1g · Noncash contributions included above

$50
2a · Program service revenue: MANAGEMENT FEES

total $38,077 · related or exempt $38,077
2b · Program service revenue: RENTAL INCOME

total $8,523 · related or exempt $8,523
3 · Investment income

total $1 · excluded $1
11a · Other revenue: OTHER INCOME

total $415 · related or exempt $415
11e · Other revenue, total

$415

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $114,761 · program services $114,761
7 · Other salaries and wages

total $357,504 · program services $357,504
9 · Other employee benefits

total $22,322 · program services $22,322
10 · Payroll taxes

total $30,019 · program services $30,019
11b · Fees: legal

total $9,792 · management and general $9,792
11c · Fees: accounting

total $121,605 · management and general $121,605
11g · Fees: other

total $23,333 · program services $23,333
13 · Office expenses

total $42,020 · program services $13,069 · management and general $28,951
14 · Information technology

total $16,546 · program services $16,546
16 · Occupancy

total $105,767 · program services $105,767
17 · Travel

total $2,200 · program services $1,219 · management and general $981
23 · Insurance

total $3,405 · program services $3,405
24a · Other expenses: MISCELLANEOUS

total $45,373 · program services $45,373
24b · Other expenses: STAFF DEVELOPMENT

total $6,632 · program services $6,632

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $706,194 · end of year $206,814
4 · Accounts receivable

beginning of year $10,349 · end of year $1,187
7 · Other notes and loans receivable

end of year $505,079
9 · Prepaid expenses and deferred charges

beginning of year $39,461 · end of year $14,740
10a · Land, buildings and equipment: cost or other basis

$153,458
10b · Land, buildings and equipment: accumulated depreciation

$93,665
10c · Land, buildings and equipment, net

beginning of year $14,946,911 · end of year $59,793
15 · Other assets

beginning of year $5,407,547 · end of year $9,977,826
17 · Accounts payable and accrued expenses

beginning of year $508,659 · end of year $261,565
21 · Escrow or custodial account liability

beginning of year $57,887
23 · Secured mortgages and notes payable

beginning of year $20,553,739 · end of year $5,387,736
25 · Other liabilities

beginning of year $1,100,000 · end of year $706,316
27 · Net assets without donor restrictions

beginning of year -$1,109,823 · end of year $4,409,822

Mission and programs · 2023

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 AFFORDABLE, STABLE HOUSING AND EMPOWERS RESIDENTS IN ORDER TO BUILD A SUPPORTIVE AND EQUITABLE COMMUNITY.

THE AFFORDABLE HOUSING PROGRAM PROVIDED APARTMENTS AT RENTAL LEVELS BELOW MARKET RATES. THE RENTAL PROGRAM INCLUDES 150 AFFORDABLE APARTMENTS OWNED BY HCA. THIS PROGRAM INCLUDES BOTH DIRECT RENTAL PROPERTY COSTS IN ADDITION TO STAFF TIME AND BACK OFFICE COSTS OF HOUSING CORPORATION OF ARLINGTON THAT WERE ATRRIBUTABLE TO THE OVERALL AFFORDABLE HOUSING PROGRAM.

Revenue $47,015
IN 2023 THE SOCIAL SERVICES PROGRAM INCLUDED HCA'S HOMELESSNESS PREVENTION PROGRAM (HPP) AMONG OTHER EFFORTS. HPP PROVIDES EMERGENCY GRANTS TO HOUSEHOLDS AT RISK OF HOMELESSNESS. GRANTS ARE USED FOR BACK RENT, SECURITY DEPOSIT, OR MOVING EXPENSES. THE SOCIAL SERVICES PROGRAM ALSO ASSISTS HOUSEHOLDS IN FINDING AFFORDABLE APARTMENTS, AND IN ACCESSING OTHER SERVICES TO SUPPORT FAMILY AND HOUSEHOLD STABILITY.THE SOCIAL SERVICES PROGRAM ALSO INCLUDES CIVIC ENGAGEMENT OF LOW-INCOME TENANTS ON ISSUES THAT IMPACT THEM, INCLUDING THROUGH THE HCA TENANT COUNCIL AND OPPORTUNITIES TO ADVOCATE FOR HOUSING RELATED ISSUES AT THE LOCAL AND STATE LEVEL.

Expenses $739,950 · Grants $114,761

As filed on the 2023 return.

Listed in Part VII

Thomas NeeTHOMAS NEE

PRESIDENT

Total calculated

$0

Hours/week

3 + 1 related
Neal MongoldNEAL MONGOLD

VICE PRESIDENT

Total calculated

$0

Hours/week

2 + 1 related
Jonathan WallachJONATHAN WALLACH

TREASURER

Total calculated

$0

Hours/week

3 + 1 related
Deirdre WestcottDEIRDRE WESTCOTT

CLERK

Total calculated

$0

Hours/week

3
Makeelia ParkerMAKEELIA PARKER

DIRECTOR

Total calculated

$0

Hours/week

2
John CooperJOHN COOPER

DIRECTOR

Total calculated

$0

Hours/week

2
Kinjal SinghKINJAL SINGH

DIRECTOR

Total calculated

$0

Hours/week

2
Jillian StandishJILLIAN STANDISH

DIRECTOR (AS OF 10/23)

Total calculated

$0

Hours/week

2
Laura WienerLAURA WIENER

DIRECTOR

Total calculated

$0

Hours/week

2
Matthew PierceMATTHEW PIERCE

DIRECTOR

Total calculated

$0

Hours/week

2
Francis TadleyFRANCIS TADLEY

DIRECTOR (UNTIL 10/23)

Total calculated

$0

Hours/week

2
Tina AndersonTINA ANDERSON

DIRECTOR (AS OF 10/23)

Total calculated

$0

Hours/week

2
Elena ArrendolELENA ARRENDOL

DIRECTOR (AS OF 10/23)

Total calculated

$0

Hours/week

2
Danielle CheryDANIELLE CHERY

DIRECTOR

Total calculated

$0

Hours/week

2
Ken GardenKEN GARDEN

DIRECTOR (AS OF 10/23)

Total calculated

$0

Hours/week

2
Erica SchwarzERICA SCHWARZ

EXECUTIVE DIRECTOR

Total calculated

$0

Hours/week

40 + 1 related

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

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 -$1,563 · controlled entity

Directly controlled by HOUSING CORPORATION OF ARLINGTON
DSBI MANAGER LLC

C · RENTAL REAL ESTATE · MA · 79% owned · controlled entity

Directly controlled by HOUSING CORPORATION OF ARLINGTON

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 November 2024
IRS schema version: 2023v5.1
Source object: 202423209349302402

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