2024-08-14T16:24:37-05:00 2023-09-30 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2022-10-01 742318108 HIALCO-OIC HOUSING ASSISTANCE INC HIAL 2108214300 3419 NACOGDOCHES RD SAN ANTONIO TX 782173377 LEROY BUNCH PRESIDENT 2108214300 2024-08-14 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-08-13 2022 2024-08-08 14:25:15Z ELLIOTT GRANT HOMES & JEFFERINE LYTLE ESTATES LEROY BUNCH 3419 NACOGDOCHES RD SAN ANTONIO TX 782173377 530669 0 X N/A X 1984 TX PROVIDES LOW-INCOME HOUSING AND SOCIAL SERVICES TO ELDERLY AND HANDICAPPED FAMILIES. 3 3 0 3 0 0 0 0 501898 522762 258 3588 5199 4319 507355 530669 0 0 0 0 85410 76094 0 0 0 471475 426414 556885 502508 -49530 28161 981177 931726 1858107 1780495 -876930 -848769 AS A CHARITY, PROVIDES LOW-INCOME HOUSING AND SOCIAL SERVICES TO ELDERLY AND HANDICAPPED FAMILIES PURSANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. 0 0 456953 527081 PROVIDE LOW-INCOME HOUSING TO 52 FAMILIES NEEDING PUBLIC ASSISTANCE AS REGULATED BY THE U.S. DEPARTMENT OF HUD UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. FORTY ELDERLY AND TWELVE HANDICAPPED FAMILIES WERE SERVED. PROVIDED ON-SITE SOCIAL AND REFERRAL SERVICES FOR THE RESIDENTS. 456953 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 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 X 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 X JAMES BUTCHER 2108214300 3419 NACOGDOCHES RD SAN ANTONIO TX 782173377 X X JOHN JACKSON SECRETARY/TREASURER 0.10 X X 0 0 0 LEROY BUNCH PRESIDENT 0.10 X X 0 0 0 TERRY MILLS DIRECTOR 0.10 X 0 0 0 JACLYN S WOODRING MANAGEMENT AGENT CEO 0.05 X 0 0 0 JAMES BUTCHER MANAGEMENT AGENT CFO 0.05 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANCE PAYM 531110 395482 395482 TENANT RENTAL INCOME 531110 127280 127280 522762 3588 3588 LAUNDRY & VENDING 531110 2644 2644 TENANT CHARGES 531110 1378 1378 297 297 4319 530669 527081 0 3588 55209 50683 4526 16183 16183 4702 4702 29808 29808 5960 5960 15747 11750 3997 832 832 1425 1425 16913 16913 247465 247465 124 124 21933 21933 CONTRACTS-MAINTENANCE 56258 56258 SUPPLIES-MAINTENANCE 19006 19006 ADMINISTRATIVE 5821 146 5675 RESIDENT SERVICES 2405 2405 2717 2717 502508 456953 45555 0 19711 78154 16664 16986 1372 3727 59494 80272 2432635 2027140 426924 405495 457012 347092 981177 931726 70127 45741 8741 6718 12907 13693 1766332 1714343 1858107 1780495 X -876930 -848769 -876930 -848769 981177 931726 28161 0 X 0 1 X 0 1 1 X 503764 500525 496163 501898 522762 2525112 503764 500525 496163 501898 522762 2525112 0 226694 232594 230567 233232 242928 1166015 226694 232594 230567 233232 242928 1166015 1359097 960 607 189 258 3588 5602 960 607 189 258 3588 5602 3383 6153 4770 5199 4319 23824 508107 507285 501122 507355 530669 2554538 0.53200 0.54680 0.00220 0.00090 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2018 AMOUNT: $ 2,279. 2019 AMOUNT: $ 2,199. 2020 AMOUNT: $ 1,858. 2021 AMOUNT: $ 1,780. 2022 AMOUNT: $ 2,644. TENANT CHARGES - 2018 AMOUNT: $ 1,104. 2019 AMOUNT: $ 2,161. 2020 AMOUNT: $ 2,030. 2021 AMOUNT: $ 1,487. 2022 AMOUNT: $ 1,378. OTHER REVENUE - 2019 AMOUNT: $ 1,793. 2020 AMOUNT: $ 882. 2021 AMOUNT: $ 1,932. 2022 AMOUNT: $ 297. 0 1 X 131449 131449 2128064 1898208 229856 129272 117723 11549 43850 11209 32641 405495 MORTGAGE ESCROW DEPOSITS 3978 REPLACEMENT RESERVE 253730 OTHER RESERVES - REPAIR ESCROW 89384 347092 X 530669 0 530669 0 530669 502508 0 502508 0 502508 PART IV, LINE 2B: TENANT SECURITY DEPOSITS HELD BY THE ORGANIZATION UNTIL TENANTS MOVE OUT. PART X, LINE 2: THE CORPORATION IS ORGANIZED AS A TEXAS NONPROFIT CORPORATION AND HAS OBTAINED ITS EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE 50% CHARITABLE CONTRIBUTIONS DEDUCTION FOR INDIVIDUAL DONORS. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. DUE TO ITS FEDERAL INCOME TAX EXEMPTION, NO INCOME TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES REPORTED ON W-3: THE ORGANIZATION HAD NO EMPLOYEES DURING THE PERIOD AND DOES NOT EXPECT TO PAY WAGES IN THE FUTURE. THE ORGANIZATION WAS NOT REQUIRED TO FILE A FORM W-3 BECAUSE IT LEASED ALL OPERATING PERSONNEL FROM A PROFESSIONAL EMPLOYER ORGANIZATON (PEO). THE ORGANIZATION REPORTED EMPLOYEE LEASING COSTS IN FORM 990, PART IX, LINES 7 TO 10 AS APPLICABLE, AS IF THE LEASED EMPLOYEES WERE DIRECTLY PAID EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 DELEGATE CONTROL OF MANAGEMENT DUTIES: THE ORGANIZATION CONTRACTS WITH WEDGE MANAGEMENT, INC. (WMI), AN UNRELATED TAXABLE CORPORATION, TO SERVE AS ITS MANAGEMENT AGENT FOR THE OPERATIONAL ACTIVITIES OF ITS LOW-INCOME HOUSING PROPERTIES. FORM 990, PART VI, SECTION A, LINE 8A DOCUMENT GOVERNING BODY MEETINGS AND ACTIONS: THE ORGANIZATION BOARD OF DIRECTORS HELD NO MEETINGS DURING THE YEAR. HOWEVER, IF MEETINGS WERE HELD, THEN MEETINGS AND ACTIONS TAKEN WOULD BE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION A, LINE 8B DOCUMENT COMMITTEE MEETINGS AND ACTIONS: THE ORGANIZATION BOARD OF DIRECTORS MAINTAINS NO COMMITTEES. HOWEVER, IF COMMITTEES ARE APPOINTED, THEN COMMITTEE MEETINGS AND ACTIONS TAKEN WOULD BE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW: AN INDEPENDENT CPA FIRM PREPARES A DRAFT OF THE FORM 990. WMI REVIEWS THE FINANCIAL DATA OF THE 990. ONE OF THE DIRECTORS REVIEWS, APPROVES, AND SIGNS THE FINAL FORM 990. COPIES OF THE FILED FORM 990 ARE PROVIDED TO ALL THE DIRECTORS SUBSEQUENT TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12 CONFLICT OF INTEREST POLICY: THE ORGANIZATION HAS NOT YET ESTABLISHED A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 DETERMINATION OF COMPENSATION: NO COMPENSATION IS PAID BY THE ORGANIZATION TO THE DIRECTORS AND ITS OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF ORGANIZATION DOCUMENTS AND POLICY TO PUBLIC: ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE ANNUAL FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VII, SECTION A, LINE 1A: REPORTABLE COMPENSATION FROM THE ORGANIZATION AND RELATED ORGANIZATIONS: AS A RESULT OF THE ORGANIZATION PAYING WMI AS A MANAGEMENT SERVICES COMPANY, THE WMI TOP OFFICIALS ARE LISTED IN PART VII OFFICERS AND DIRECTORS. THE WMI TOP OFFICIALS ARE COMPENSATED BY WMI AND NOT BY THE ORGANIZATION. THE WMI COMPENSATON IS NOT REPORTED IN PART VII, COLUMNS E TO F, UNDER THE TAXABLE ORGANIZATION EMPLOYEE EXCEPTION.