2024-11-13T12:48:59-06:00 2023-12-31 991781118 EAG AFFORDABLE HOUSING LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2023-01-01 237413423 NATIONAL CHURCH RESIDENCE OF SHELBY NATI 3303251828 65 PARK VILLAGE SHELBY OH 44875 CHARLES S MITCHELL PRESIDENT 3303251828 2024-11-12 1 0 TODD FENTRESS P01242481 6145281440 2024-11-12 2023 2024-10-15 13:58:12Z CHARLES MITCHELL 65 PARK VILLAGE SHELBY OH 44875 257911 0 X N/A X 1976 OH TO PROVIDE HOUSING TO LOW AND MODERATE INCOME HOUSEHOLDS. 16 16 0 16 0 0 128057 32465 446719 91765 35519 64537 38615 69144 648910 257911 0 0 0 0 0 0 0 0 0 561537 220662 561537 220662 87373 37249 1586878 1816023 1020699 1212595 566179 603428 TO PROVIDE HOUSING TO LOW AND MODERATE INCOME HOUSEHOLDS. 0 0 211830 160909 TO PROVIDE HOUSING FOR QUALIFIED ELDERLY & HANDICAPPED PERSONS. 211830 1 1 0 0 0 0 0 0 0 0 1 0 0 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 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 OH X FAIRFIELD HOMES INC 7406533583 602 WEST WHEELING STREET LANCASTER OH 43130 X CHARLES MITCHELL PRESIDENT 1.00 X X 0 0 0 CARL RIDENOUR EXECUTIVE COMMITTEE CHAIRM 1.00 X X 0 0 0 JOE YOSICK VICE PRESIDENT 1.00 X X 0 0 0 BETH STAFFORD SECRETARY 1.00 X X 0 0 0 JERRY MARSHALL TREASURER 1.00 X X 0 0 0 STEVE HAVERFIELD TRUSTEE 0.00 X 0 0 0 KATRINA JOHNSON TRUSTEE 0.00 X 0 0 0 MARY JO STEPP TRUSTEE 0.00 X 0 0 0 JOE THOMPSON TRUSTEE 0.00 X 0 0 0 KATIE WILL TRUSTEE 0.00 X 0 0 0 DAVE BAKER TRUSTEE 0.00 X 0 0 0 MARK STUDER TRUSTEE 0.00 X 0 0 0 PAM CRANK TRUSTEE 0.00 X 0 0 0 PAT HEIDINGER TRUSTEE 0.00 X 0 0 0 JENNIFER WILLIAMS TRUSTEE 0.00 X 0 0 0 DAVID BALDRIDGE TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 32465 32465 RENTAL REVENUE 531110 91765 91765 91765 54741 54741 9796 0 9796 9796 9796 DEVELOPER FEE INCOME 531110 66400 66400 LAUNDRY & VENDING 531110 2744 2744 69144 257911 160909 0 64537 8832 8832 9289 9289 52418 52418 63546 63546 8544 8544 CONTRACT SERVICES 39562 39562 MISC. EXPENSE 35715 35715 REPAIRS AND MAINTENANCE 2756 2756 220662 211830 8832 0 38371 345 29243 0 2855 0 3697932 3300380 461098 397552 1055311 1418126 1586878 1816023 41206 0 712929 1212595 246469 0 20095 0 1020699 1212595 X 520755 558004 45424 45424 566179 603428 1586878 1816023 37249 0 X X 0 0 0 X 128595 125374 126641 128057 32465 541132 128595 125374 126641 128057 32465 541132 541132 691 2733 252 16242 54741 74659 615791 2282870 0.87880 0.94020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90000 90000 2784907 2489017 295890 265847 265847 0 557178 545516 11662 397552 TRUSTEE FUND 97726 NOTE RECEIVABLE AND ACCRUED INTEREST 1284202 DEVELOPMENT FEE NOTE RECEIVABLE 36198 1418126 FORM 990, PART VI, SECTION A, LINE 3 NATIONAL CHURCH RESIDENCES OF SHELBY HAS DELEGATED THE MANAGEMENT DUTIES TO FAIRFIELD HOMES INC. FAIRFIELD HOMES INC PERFORMS THE FOLLOWING DUTIES ON BEHALF OF THE ORGANIZATION: HIRE, FIRE, AND SUPERVISE PERSONNEL ALONG WITH THE PLANNING AND EXECUTING OF THE FINANCIAL BUDGET AND ANY OTHER FINANCIAL NEEDS RELATED TO THE AFFORDABLE HOUSING PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER REVIEWS THE 990 WITH THE PERSON WHO SIGNS THE 990. FORM 990, PART VI, SECTION B, LINE 12C ALL EXPENDITURES ARE APPROVED BY A VOTE OF THE BOARD OF TRUSTEES. PROSPECTIVE TRUSTEES ARE INTERVIEWED AND IF THEY HAVE AN INTEREST IN AN ENTITY THAT IS A NCR VENDOR, THEY ARE NOT ASKED TO JOIN THE BOARD. MEMBERS WHO FIND THEMSELVES IN CONFLICT ABSTAIN. FORM 990, PART VI, SECTION B, LINE 15 ANY OFFICER COMPENSATION PAID DIRECTLY BY THIS ENTITY MUST BE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 168(H)(6)(F)(II) ELECTION BY TAX-EXEMPT CONTROLLED ENTITY: NCR PARK VILLAGE I, LLC HAD MADE THE FOLLOWING ELECTION ON ITS 2022 FORM 1120 TAX RETURN: "NCR PARK VILLAGE I, LLC, AN OHIO LIMITED LIABILITY COMPANY (THE "COMPANY"), IS A TAX-EXEMPT CONTROLLED ENTITY DEFINED BY INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) IN THAT 100% OF ITS STOCK IS OWNED BY NATIONAL CHURCH RESIDENCES OF SHELBY, (23-7413423), AN OHIO NON-PROFIT CORPORATION THAT IS ORGANIZED AND OPERATED AS A SECTION 501(C)(3) ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES. THE COMPANY IS A GENERAL PARTNER IN PARK VILLAGE I, LTD, (85-3004475), AN OHIO LIMITED PARTNERSHIP THAT OWNS DEPRECIABLE, TANGIBLE PROPERTY AND THAT HAS AT LEAST ONE PARTNER THAT IS NOT A TAX-EXEMPT ENTITY. PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) THE COMPANY HEREBY ELECTS TO MAKE AN IRREVOCABLE AND INDEFINITE ELECTION NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6). BY THIS ELECTION, ANY GAIN RECOGNIZED BY THE DISPOSITION OF INTEREST IN THE COMPANY (AS WELL AS ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE COMPANY) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. THE EFFECTIVE DATE OF THIS ELECTION IS JANUARY 1, 2022." 168(H)(6)(F)(II) ELECTION BY TAX-EXEMPT CONTROLLED ENTITY: NCR PARK VILLAGE II, LLC HAD MADE THE FOLLOWING ELECTION ON ITS 2023 FORM 1120 TAX RETURN: "NCR PARK VILLAGE II, LLC, AN OHIO LIMITED LIABILITY COMPANY (THE "COMPANY"), IS A TAX EXEMPT CONTROLLED ENTITY DEFINED BY INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) IN THAT 100% OF ITS MEMBERSHIP INTEREST IS OWNED BY NATIONAL CHURCH RESIDENCES OF SHELBY, AN OHIO NONPROFIT CORPORATION, WHICH IS ORGANIZED AND OPERATED AS A SECTION 501(C)(3) ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES. THE COMPANY IS THE ADMINISTRATIVE GENERAL PARTNER OF PARK VILLAGE II, LTD., FEDERAL IDENTIFICATION NUMBER 92-1003331, AN OHIO LIMITED PARTNERSHIP, WHICH OWNS DEPRECIABLE, TANGIBLE PROPERTY AND HAS AT LEAST ONE MEMBER THAT IS NOT A TAX EXEMPT ENTITY (THE "OWNER"). PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II), THE COMPANY HEREBY ELECTS TO MAKE AN IRREVOCABLE AND INDEFINITE ELECTION NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6). BY THIS ELECTION, ANY GAIN RECOGNIZED BY THE DISPOSITION OF AN INTEREST IN THE COMPANY, AS WELL AS ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE COMPANY, SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. THE EFFECTIVE DATE OF THIS ELECTION IS JUNE 21, 2023, WHICH DATE PRECEDES THE DATE THE OWNER PLACED SUCH DEPRECIABLE PROPERTY IN SERVICE." PARK VILLAGE I LTD 603 WEST WHEELING STREET LANCASTER OH 43130 853004475 RENTAL REAL ESTATE OH N/A 0 1 PARK VILLAGE II LTD 603 WEST WHEELING STREET LANCASTER OH 43130 872707031 RENTAL REAL ESTATE OH N/A 0 1 NCR PARK VILLAGE I LLC 65 PARK VILLAGE SHELBY OH 44875 863854751 INVESTMENT REAL ESTATE OH NATIONAL CHURCH RESIDENCE OF SHELBY INC C -718 1180562 1.00000 1 NCR PARK VILLAGE II LLC 65 PARK VILLAGE SHELBY OH 44875 921003331 INVESTMENT REAL ESTATE OH NATIONAL CHURCH RESIDENCE OF SHELBY INC C -2 421341 1.00000 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 PARK VILLAGE I LTD D 937860 COST PARK VILLAGE II LTD D 265597 COST PARK VILLAGE II LTD R 510000 FMV