2024-10-31T13:26:01-05:00 2023-12-31 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2023-01-01 825489216 YAKIMA YMCA QALICB YAKI 5099725252 5 NORTH NACHES AVE YAKIMA WA 98901 BOB ROMERO PRESIDENT 5099725252 2024-10-30 1 0 EMINA O CRESSWELL CPA P01217304 5092487750 2024-10-30 2023 2024-10-15 13:58:12Z BOB ROMERO 5 NORTH NACHES AVE YAKIMA WA 98901 270036 0 X N/A X 2018 WA TO SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, YOUNG MEN'S CHRISTIAN ASSOCIATION OF YAKIMA. 3 3 0 0 0 0 13160 813 262636 269223 0 0 0 0 275796 270036 103595 179223 0 0 0 0 0 0 6777 831625 829782 935220 1009005 -659424 -738969 25146836 24407867 9000000 9000000 16146836 15407867 TO SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, YOUNG MEN'S CHRISTIAN ASSOCIATION OF YAKIMA. 0 0 823045 179223 269223 DEVELOPMENT AND CONSTRUCTION OF A MULTI-TANK AQUATIC CENTER TOGETHER WITH RELATED NON-AQUATIC FACILITIES COMPRISING A YOUTH DEVELOPMENT AREA, TEACHING KITCHEN, GROUP FITNESS AND CARDIO CENTER, GYM AND INDOOR RUNNING TRACK, AND A COMMUNITY GATHERING SPACE. 823045 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X BOB ROMERO 5099725252 5 NORTH NACHES AVE YAKIMA WA 98901 BOB ROMERO PRESIDENT 1.00 40.00 X X 0 119132 17786 BEN ANTONIO SECRETARY 1.00 X X 0 0 0 MEL BRINK TREASURER 1.00 X X 0 0 0 0 119132 17786 0 0 0 0 0 813 813 LEASE REVENUE 900099 269223 269223 269223 270036 269223 0 0 179223 179223 50000 50000 11154 11154 921 921 90000 90000 677707 643822 27108 6777 1009005 823045 179183 6777 186763 125501 27021232 2738866 24960073 24282366 25146836 24407867 9000000 9000000 9000000 9000000 X 0 0 0 0 16146836 15407867 16146836 15407867 25146836 24407867 -738969 0 X 0 1 X 1 0 X X X 1 YOUNG MEN'S CHRISTIAN ASSOCIATION OF YAKIMA 910568717 7 1 179223 0 1 179223 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 SCHEDULE A, PAGE 5, SECTION D, LINE 3 BOB ROMERO IS THE DESIGNATED DIRECTOR AND PRESIDENT OF YAKIMA YMCA QALICB, AS WELL AS THE EXECUTIVE DIRECTOR OF YAKIMA YMCA. ACCORDINGLY, ORGANIZATION AND ITS SUPPORTED ORGANIZATION MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP THROUGH MR. ROMERO. FURTHER, AS A RESULT OF THE REQUIREMENTS OF THE ORGANIZATION'S BYLAWS, IT CAN BE EXPECTED THAT, AT ALL TIMES, THE ORGANIZATION AND ITS SUPPORTED ORGANIZATION WILL MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP SUCH THAT THE SUPPORTED ORGANIZATION WILL HAVE A SIGNIFICANT VOICE IN THE OPERATIONS AND USE OF FUNDS. SCHEDULE A, PAGE 5, SECTION E, LINE 2A THE ORGANIZATION HAD MINIMAL FINANCIAL ACTIVITY DURING THE YEAR, WITH THE MAJORITY OF ITS CONTRIBUTIONS ATTRIBUTED TO CONSTRUCTION EXPENSES PAID BY THE YAKIMA YMCA ON BEHALF OF THE ORGANIZATION. IN FURTHERANCE OF ITS MISSION OF SUPPORTING YAKIMA YMCA, THE ORGANIZATION WILL SERVE AS THE QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN A FINANCING TRANSACTION USING NEW MARKETS TAX CREDITS TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF THE PROJECT -- A NEW 72,000 SQUARE FOOT FACILITY. THE ORGANIZATION'S ACTIVITIES AND PARTICIPATION IN THE NMTC FINANCING ARE ESSENTIAL TO THE PROJECT, IN DIRECT FURTHERANCE OF ORGANIZATION'S EXEMPT PURPOSE OF SUPPORTING YAKIMA YMCA, AND CONSIST OF ACTIVITIES IN WHICH, BUT FOR ORGANIZATION'S INVOLVEMENT, WOULD OTHERWISE BE CONDUCTED BY YAKIMA YMCA. IN ADDITION, ON THE CLOSING DATE OF A CDE LOAN, THE ORGANIZATION ENTERED INTO A LEASE AGREEMENT WITH YAKIMA YMCA (THE "OPERATING LEASE"), PURSUANT TO WHICH THE ORGANIZATION WILL LEASE THE ENTIRE PROJECT TO YAKIMA YMCA FOR AN INITIAL TERM OF 30 YEARS. YAKIMA YMCA WILL OPERATE THE PROJECT FOR THE BENEFIT OF RESIDENTS OF THE LOW-INCOME COMMUNITY IN WHICH THE PROJECT IS LOCATED AND THE SURROUNDING AREA. 27021232 2738866 24282366 24282366 X PART X, LINE 2: THE YMCA OF YAKIMA, PURSUANT TO A LETTER OF DETERMINATION FROM THE INTERNAL REVENUE SERVICE, IS A NOT-FOR-PROFIT ORGANIZATION EXEMPTED FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE YAKIMA YMCA QALICB IS ALSO ORGANIZED UNDER SECTION 501(C)(3) AND ITS SOLE PURPOSE IS TO SUPPORT THE YMCA OF YAKIMA. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX IS REFLECTED IN THESE FINANCIAL STATEMENTS. UNDER SECTION 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE, CONTRIBUTIONS TO THE YMCA OF YAKIMA QUALIFY AS CHARITABLE CONTRIBUTIONS. IN ACCORDANCE WITH REQUIREMENTS RELATED TO ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, THE YMCA OF YAKIMA HAD NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023. 1 YOUNG MEN'S CHRISTIAN ASSOCIATION 5 NORTH NACHES AVE YAKIMA WA 98901 910568717 501(C)(3) 179223 0 GENERAL SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION SUPPORTS THE YAKIMA YMCA WHICH IS A LOCAL US BASED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND CONTROLLER OF YAKIMA YMCA PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. YOUNG MEN'S CHRISTIAN ASSOCIATION 5 NORTH NACHES AVE YAKIMA WA 98901 910568717 COMMUNITY IMPROVEMENT WA 501(C)(3) LINE 10 N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 YAKIMA FAMILY YMCA B 179223 FMV YAKIMA FAMILY YMCA J 269223 FMV