2022-09-09T10:11:46-05:00 2021-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2021-01-01 450455374 HOMESTEAD PLACE HOME 7017462545 1405 1ST AVE N GRAND FORKS ND 58203 TERRY HANSON EXECUTIVE DIRECTOR 7017462545 2022-09-06 1 TERRY HANSON 999009999 BRIAN OPSAHL P01221767 7017754685 2022-09-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TERRY HANSON 1405 1ST AVE N GRAND FORKS ND 58203 423679 0 X N/A X 2000 ND PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 7 7 0 0 0 0 282217 278278 135513 145250 200 151 0 0 417930 423679 0 0 0 0 0 0 0 0 0 395556 379989 395556 379989 22374 43690 1736197 1761038 724157 705308 1012040 1055730 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 0 0 303487 145250 HOMESTEAD PLACE PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 303487 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X HOMESTEAD PLACE 7017462545 1405 1ST AVE N GRAND FORKS ND 58201 X CURT KREUN PRESIDENT 1.00 X X 0 0 0 JOAN JOHNSON VICE PRESIDENT 1.00 X X 0 0 0 TERRY HANSON SECRETARY 1.00 X X 0 0 0 FAYME STRINGER-HENRY DIRECTOR 1.00 X 0 0 0 BRET WEBER DIRECTOR 1.00 X 0 0 0 JEREMY MORRIS DIRECTOR 1.00 X 0 0 0 DAVID ENGEN COMMISIONER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 278278 278278 RENTAL REVENUE 531110 145250 145250 145250 151 151 423679 145250 0 151 33757 33757 2833 2833 6500 6500 9 9 2237 2237 89270 89270 25267 25267 61140 61140 19801 19801 CONTRACTS 103862 99357 4505 MISCELLANEOUS 26864 203 26661 RENTAL 6230 6230 BAD DEBT 2219 2219 379989 303487 76502 0 174511 199077 457314 483201 8795 39017 14515 10305 2256477 1258353 1055601 998124 25461 31314 1736197 1761038 22473 20859 3650 6983 681222 658406 16812 19060 724157 705308 X 1012040 1055730 1012040 1055730 1736197 1761038 43690 0 X 0 1 X 0 1 1 X 268582 276401 263727 282217 278278 1369205 268582 276401 263727 282217 278278 1369205 1369205 177 175 237 200 151 940 1370145 708975 0.99930 0.99910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185852 185852 1982546 1170274 812272 88079 88079 0 998124 SPECIAL ASSESSMENTS 7071 TENANT SECURITY DEPOSITS 11989 19060 X 423679 0 423679 0 423679 397989 18000 18000 379989 0 379989 PART X, LINE 2: THE PROJECT AND ITS NONPROFIT OWNER ARE EXEMPT FROM INCOME TAXES ON EXEMPT PURPOSE INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RELINGS, COURT DECISIONS, AND OTHER EVIDENCE. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THE DUE DATE OF THE RETURNS. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZAITON HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY IPF 18,000. FORM 990, PART VI, SECTION A, LINE 3 HOMESTEAD PLACE ENTERED INTO AN AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA, TO ACT AS ITS AGENT IN THE OPERATION OF THE PROJECT'S PROPERTIES AND TO MAKE ALL COLLECTIONS FOR IT. THE MANAGEMENT AGREEMENT PROVIDES FOR A MONTHLY MANAGEMENT FEE OF 9% OF GROSS COLLECTIONS RECEIVED DURING THE MONTH. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE COGNIZANT OF THE INTEREST RULES AND UPON DISCOVERY OF POTENTIAL CONFLICTS, IT IS DISCUSSED AMONG THE BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.