Exempt Organization Business Income Tax Return (and

Transcription

1 Form 990-T Exempt Organization Business Income Tax Return (and OMB No proxy tax under section 6033(e)) For calendar year 2012 or other tax year beginning 7/01, 2012, 2012 and ending 6/30, 2013 Department of the Treasury Open to Public Inspection for Internal Revenue Service G See separate instructions. 501(c) Organizations Only A Check box if ( Check box if name changed and see instructions.) D Employer identification number address changed (Employees' trust, see instructions.) B Exempt under section Print MASSACHUSETTS COALITION FOR THE HOMELESS X 501( )( ) or C 3,INC Type 15 BUBIER STREET E Unrelated business activity 408(e) 220(e) codes (see instructions.) LYNN, MA A 530(a) 529(a) C Book value of all assets at F Group exemption number (See instructions.)g end of year G Check organization type ,303,930. G X 501(c) corporation 501(c) trust 401(a) trust Other trust H G Describe the organization's primary unrelated business activity. RENT OFFICE SPACE I During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?.... G Yes X No If 'Yes,' enter the name and identifying number of the parent corporation.... G J The books are in care of G THE ORGANIZATION Telephone numberg (781) Part I Unrelated Trade or Business Income (A) Income (B) Expenses (C) Net 1 a Gross receipts or sales... b Less returns and allowances.... c BalanceG 1 c 2 Cost of goods sold (Schedule A, line 7) Gross profit. Subtract line 2 from line 1c a Capital gain net income (attach Schedule D) a b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797) c Capital loss deduction for trusts c 5 Income (loss) from partnerships and S corporations (attach statement) b 6 Rent income (Schedule C) Unrelated debt-financed income (Schedule E) Interest, annuities, royalties, and rents from controlled organizations (Schedule F) , , , Investment income of a section 501(c)(7), (9), or (17) organization (Sch G) Exploited exempt activity income (Schedule I) Advertising income (Schedule J) Other income (See instructions; attach statement) Total. Combine lines 3 through , , ,925. Part II Deductions Not Taken Elsewhere (see instructions for limitations on deductions.) (except for contributions, deductions must be directly connected with the unrelated business income) 14 Compensation of officers, directors, and trustees (Schedule K) Salaries and wages Repairs and maintenance Bad debts Interest (attach statement) Taxes and licenses Charitable contributions (See instructions for limitation rules) Depreciation (attach Form 4562) , Less depreciation claimed on Schedule A and elsewhere on return a 10, b 23 Depletion Contributions to deferred compensation plans Employee benefit programs Excess exempt expenses (Schedule I) Excess readership costs (Schedule J) Other deductions (attach statement) Total deductions. Add lines 14 through Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line , Net operating loss deduction (limited to the amount on line 30) Unrelated business taxable income before specific deduction. Subtract line 31 from line , Specific deduction (generally $1,000, but see line 33 instructions for exceptions.) , Unrelated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line ,925. BAA For Paperwork Reduction Act Notice, see instructions. TEEA0205L 12/04/12 Form 990-T (2012)

2 Form 990-T (2012) MASSACHUSETTS COALITION FOR THE HOMELESS Page 2 Part III Tax Computation 35 Organizations Taxable as Corporations. (see instructions for tax computation) Controlled group members (sections 1561 and 1563) check here G See instructions and: a Enter your share of the $50,000, $25,000, and $9,925,000 taxable income brackets (in that order): $ $ $ b Enter organization's share of: Additional 5 tax (not more than $11,750) $ Additional 3 tax (not more than $100,000) $ c Income tax on the amount on line G 35 c 36 Trusts taxable at trust rates. (see instructions for tax computation) Income tax on the amount on line 34 from: Tax rate schedule or Schedule D (Form 1041) G Proxy tax. (see instructions) G Alternative minimum tax Total. Add lines 37 and 38 to line 35c or 36, whichever applies Part IV Tax and Payments 40 a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116) a b Other credits (see instructions) b c General business credit. Attach Form 3800 (see instructions) c d Credit for prior year minimum tax (attach Form 8801 or 8827) d e Total credits. Add lines 40a through 40d e Subtract line 40e from line Other taxes. Check if from: Form 4255 Form 8611 Form 8697 Form 8866 Other (attach statement) Total tax. Add lines 41 and a Payments: A 2011 overpayment credited to a b 2012 estimated tax payments b c Tax deposited with Form c d Foreign organizations: Tax paid or withheld at source (see instructions) d e Backup withholding (see instructions) e f Credit for small employer health insurance premiums (Attach Form 8941) f g Other credits and payments: Form 2439 Form 4136 Other Total.... G 44 g 45 Total payments. Add lines 44a through 44g Estimated tax penalty (see instructions). Check if Form 2220 is attached G X Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed G 47 5, Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid G Enter the amount of line 48 you want: Credited to 2013 estimated taxg Refunded G 49 Part V Statements Regarding Certain Activities and Other Information (see instructions) 1 At any time during the 2012 calendar year, did the organization have an interest in or a signature or other authority over a Yes No financial account (bank, securities, or other) in a foreign country? If 'Yes', the organization may have to file Form TD F , Report of Foreign Bank and Financial Accounts. If 'Yes', enter the name of the foreign country here 2 During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?. If 'Yes', see instructions for other forms the organization may have to file. 3 Enter the amount of tax-exempt interest received or accrued during the tax yearg $ 0. Schedule A ' Cost of Goods Sold. Enter method of inventory valuation G 1 Inventory at beginning of year Inventory at end of year Purchases Cost of goods sold. Subtract 3 Cost of labor a Additional section 263A costs (attach statement) 7 line 6 from line 5. Enter here and in Part I, line a b Other costs 8 Do the rules of section 263A (with respect to (att. stmt.) b property produced or acquired for resale) apply 5 Total. Add lines 1 through 4b to the organization? Sign Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. May the IRS discuss this return with EXEC. DIRECTOR the preparer shown below (see Signature of officer Date Title Here A A instructions)? Paid Preparer Use Only BAA Print/Type preparer's name Preparer's signature Date Check if PTIN G self-employed X Yes Firm's name G NE KELLY AND ASSOCIATES, LLC Firm's EIN G Firm's address G 59 TEMPLE PLACE, SUITE 556 BOSTON, MA Phone no TEEA0202L 03/14/13 Form 990-T (2012) Yes X X No X No

3 Form 990-T (2012) MASSACHUSETTS COALITION FOR THE HOMELESS Page 3 Schedule C ' Rent Income (From Real Property and Personal Property Leased With Real Property) (see instructions) 1 Total Description of property (a) From personal property (if the percentage of rent for personal property is more than 10 but not more than 50) 2 Rent received or accrued Total (b) From real and personal property (if the percentage of rent for personal property exceeds 50 or if the rent is based on profit or income) (c) Total income. Add totals of columns 2(a) and 2(b). Enter here and on page 1, Part I, line 6, column (A) G Schedule E ' Unrelated Debt-Financed Income (see instructions) 3(a) Deductions directly connected with the income in columns 2(a) and 2(b) (attach statement) (b) Total deductions. Enter here and on page 1, Part I, line 6, column (B) G 3 Deductions directly connected with or allocable to 1 Description of debt-financed property 2 Gross income from or allocable to debtfinanced debt-financed propertysee ST 1 property (a) Straight line (b) Other deductions depreciation (attach stmt) (attach statement) COMMERCIAL WAREHOUSE/ OFFICE 100, , , Amount of average 5 Average adjusted basis of 6 Column 4 7 Gross income 8 Allocable deductions acquisition debt on or or allocable to debt-financed divided by reportable (column 2 x (column 6 x total of allocable to debt-financed property (attach statement) property (attach statement) column 5 column 6) columns 3(a) and 3(b)) 565, , , ,012. Enter here and on page 1, Enter here and on page 1, Part I, line 7, column (A). Part I, line 7, column (B). Totals G 82, ,012. Total dividends-received deductions included in column G Schedule F ' Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions) Exempt Controlled Organizations 1 Name of controlled 2 Employer 3 Net unrelated 4 Total of specified 5 Part of column 4 6 Deductions directly organization identification income (loss) (see payments made that is included in connected with number instructions) the controlling income in column 5 organization's gross income Nonexempt Controlled Organizations 7 Taxable Income 8 Net unrelated income (loss) (see 9 Total of specified payments made 10 Part of column 9 that is included in the controlling 11 Deductions directly connected with income in instructions) organization's gross income column 10 Totals BAA TEEA0203L 12/04/12 Add columns 5 and 10. Enter Add columns 6 and 11. Enter here and on page 1, Part I, line here and on page 1, Part I, line 8, column (A). 8, column (B). Form 990-T (2012)

4 Form 990-T (2012) MASSACHUSETTS COALITION FOR THE HOMELESS Page 4 Schedule G ' Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instructions) 3 Deductions 4 Set-asides 5 Total deductions and 1 Description of income 2 Amount of income directly connected (attach statement) set-asides (column 3 (attach statement) plus column 4) Enter here and on page 1, Enter here and on page 1, Part I, line 9, column (A). Part I, line 9, column (B). Totals G Schedule I ' Exploited Exempt Activity Income, Other Than Advertising Income (see instructions) 2 Gross 3 Expenses directly 4 Net income (loss) 5 Gross income from 6 Expenses 7 Excess exempt unrelated connected with from unrelated trade activity that is not attributable to expenses (column 1 Description of exploited activity business production or business (column unrelated column 5 6 minus column 5, income from of unrelated 2 minus column 3). business income but not more than trade or business income If a gain, compute column 4). business columns 5 through 7. Enter here and Enter here and Enter here and on page 1, on page 1, on page 1, Part I, line 10, Part I, line 10, Part II, line 26. column (A) column (B). Totals G Schedule J ' Advertising Income (See instructions.) Part I Income From Periodicals Reported on a Consolidated Basis 1 Name of periodical 2 Gross 3 Direct 4 Advertising gain or 5 Circulation 6 Readership 7 Excess readership advertising advertising (loss) (col. 2 minus income costs costs (col 6 minus col income costs col 3). If a gain, 5, but not more than compute col 5 col 4). through 7. Totals (carry to Part II, line (5))..... G Part II Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns 2 through 7 on a line-by-line basis.) 2 Gross 3 Direct 4 Advertising gain or 5 Circulation 6 Readership 7 Excess readership advertising advertising (loss) (col. 2 minus income costs costs (col 6 minus col 1 Name of periodical income costs col. 3). If a gain, 5, but not more than compute cols. 5 col 4). through 7. (5) Totals from Part I Enter here and Enter here and Enter here and on page 1, on page 1, on page 1, Part I, line 11, Part I, line 11, Part II, line 27. column (A) column (B). Totals, Part II (lines 1-5) G Schedule K ' Compensation of Officers, Directors, and Trustees (see instructions) 1 Name 2 Title 3 Percent of time devoted 4 Compensation attributable to unrelated business to business Total. Enter here and on page 1, Part II, line G BAA TEEA0204 L 12/05/12 Form 990-T (2012)

5 Form 2220 Department of the Treasury Internal Revenue Service Name Underpayment of Estimated Tax by Corporations G Attach to the corporation's tax return. G Information about Form 2220 and its separate instructions is at OMB No Employer identification number MASSACHUSETTS COALITION FOR THE HOMELESS,INC Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and bill the corporation. However, the corporation may still use Form 2220 to figure the penalty. If so, enter the amount from page 2, line 38 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form Part I Required Annual Payment 1 Total tax (see instructions) a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line b Look-back interest included on line 1 under section 460(b) for completed long-term contracts or section 167(g) for depreciation under the income forecast method a 2 b c Credit for federal tax paid on fuels (see instructions) c d Total. Add lines 2a through 2c d 3 Subtract line 2d from line 1. If the result is less than $500, do not complete or file this form. The corporation does not owe the penalty Enter the tax shown on the corporation's 2011 income tax return (see instructions). Caution: If the tax is zero or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line Required annual payment. Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4, enter the amount from line ,785. Part II Reasons for Filing ' Check the boxes below that apply. If any boxes are checked, the corporation must file Form 2220 even if it does not owe a penalty (see instructions). 6 The corporation is using the adjusted seasonal installment method. 7 The corporation is using the annualized income installment method. 8 The corporation is a 'large corporation' figuring its first required installment based on the prior year's tax. Part III Figuring the Underpayment 9 Installment due dates. Enter in columns (a) through (d) the 15th day of the 4th (Form 990-PF filers: Use 5th month), 6th, 9th, and 12th months of the corporation's tax year Required installments. If the box on line 6 and/or line 7 above is checked, enter the amounts from Schedule A, line 38. If the box on line 8 (but not 6 or 7) is checked, see instructions for the amounts to enter. If none of these boxes are checked, enter 25 of line 5 above in each column Estimated tax paid or credited for each period (see instructions). For column (a) only, enter the amount from line 11 on line Complete lines 12 through 18 of one column before going to the next column. 12 Enter amount, if any, from line 18 of the preceding column Add lines 11 and Add amounts on lines 16 and 17 of the preceding column Subtract line 14 from line 13. If zero or less, enter If the amount on line 15 is zero, subtract line 13 from 17 line 14. Otherwise, enter Underpayment. If line 15 is less than or equal to line 16 10, subtract line 15 from line 10. Then go to line 12 of 18 the next column. Otherwise, go to line Overpayment. If line 10 is less than line 15, subtract 17 line 10 from line 15. Then go to line 12 of the next column (a) (b) (c) (d) Go to Part IV on page 2 to figure the penalty. Do not go to Part IV if there are no entries on line 17 ' no penalty is owed. BAA For Paperwork Reduction Act Notice, see separate instructions. 4, /15/12 12/15/12 3/15/13 6/15/13 1,196. 1,196. 1,196. 1,197. 1,196. 2,392. 3, ,196. 2,392. 1,196. 1,196. 1,196. 1,197. CPCZ0312L 12/8/12 Form 2220 (2012)

6 Form 2220 (2012) MASSACHUSETTS COALITION FOR THE HOMELESS Part IV Figuring the Penalty (a) (b) (c) (d) Page 2 Enter the date of payment or the 15th day of the 3rd 19 month after the close of the tax year, whichever is earlier (see instructions). (Form 990-PF and Form 990-T filers: Use 5th month instead of 3rd month.) Number of days from due date of installment on line 9 to the date shown on line Number of days on line 20 after 4/15/2012 and before 7/1/ Underpayment Number of days x x 3... on line 17 on line Number of days on line 20 after 6/30/2012 and before 10/1/ Underpayment Number of days on line 17 x on line 23 x Number of days on line 20 after 9/30/2012 and before 1/1/ Underpayment Number of days x x 3... on line 17 on line Number of days on line 20 after 12/31/2012 and before 4/1/ Underpayment on line 17 x Number of days on line 27 x Number of days on line 20 after 3/31/2013 and before 7/1/ Underpayment Number of days on line 17 x on line 29 x 0 * Number of days on line 20 after 6/30/2013 and before 10/1/ Underpayment Number of days on line 17 x on line 31 x 0 * Number of days on line 20 after 9/30/2013 and before 1/1/ Underpayment Number of days on line 17 x on line 33 x 0 * /15/13 11/15/13 11/15/13 11/15/ Number of days on line 20 after 12/31/2013 and before 2/16/ Underpayment Number of days on line 17 x on line 35 x * Add lines 22, 24, 26, 28, 30, 32, 34, and Penalty. Add columns (a) through (d) of line 37. Enter the total here and on Form 1120, line 33; or the comparable line for other income tax returns *Use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter. These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin. To obtain this information on the Internet, access the IRS website at You can also call to get interest rate information. 28. CPCZ0312L 12/8/12 Form 2220 (2012)

7 2012 FEDERAL STATEMENTS PAGE 1 CLIENT MCH MASSACHUSETTS COALITION FOR THE HOMELESS,INC /13/13 07:35PM STATEMENT 1 FORM 990-T, SCHEDULE E, LINE 3B OTHER DEDUCTIONS ALLOCABLE TO DEBT-FINANCED PROPERTY COMMERCIAL WAREHOUSE/ OFFICE INSURANCE $ 5,912. INTEREST ,375. REPAIRS SUPPLIES ,184. TAXES ,315. TELEPHONE ,135. UTILITIES ,975. FIRE ALARM SNOW REMOVER ,184. TRASH INTERNET TOTAL $ 44,017.

8 Form MASSACHUSETTS COALITION FOR THE HOMELESS,INC FOR FORM 990-T PURPOSES 990-W Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations OMB No (Worksheet) (and on Investment Income for Private Foundations) 2013 Department of the Treasury Internal Revenue Service (Keep for your records. Do not send to the Internal Revenue Service.) 1 Unrelated business taxable income expected in the tax year Tax on the amount on line 1. See instructions for tax computation , Alternative minimum tax (see instructions) Total. Add lines 2 and Estimated tax credits (see instructions) Subtract line 5 from line Other taxes (see instructions) Total. Add lines 6 and Credit for federal tax paid on fuels (see instructions) a Subtract line 9 from line 8. Note. If less than $500, the organization is not required to make estimated tax payments. Private foundations, see instructions a b Enter the tax shown on the 2012 return (see instructions). Caution. If zero or the tax year was for less than 12 months, skip this line and enter the amount from line 10a on line 10c c 2013 Estimated Tax. Enter the smaller of line 10a or line 10b. If the organization is required to skip line 10b, enter the amount from line 10a on line 10c b 10 c 5,540. (a) (b) (c) (d) 11 Installment due dates (see instructions) Required installments. Enter 25 of line 10c in columns (a) through (d) unless the organization uses the annualized income installment method, the adjusted seasonal installment method, or is a 'large organization.' (see instructions) Overpayment. (see instructions) /15/13 12/16/13 3/17/14 6/16/14 1,385. 1,385. 1,385. 1, Payment due. (Subtract line 13 from line 12.) ,385. 1,385. 1,385. 1,385. BAA For Paperwork Reduction Act Notice, see instructions. Form 990-W (2013) TEEA0601L 03/29/13