2024-11-22T07:56:48-06:00 2024-06-30 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2023-07-01 382261258 AUSABLE VALLEY APARTMENTS INC AUSA 9898608080 2825 WIENEKE RD SAGINAW MI 48603 TIMOTHY KALBFLEISCH SENIOR VICE PRESIDENT/CFO 9898608080 2024-11-18 1 1 AMBER RATHBUN CPA P01786612 5173237500 2024-11-17 2023 2024-10-15 13:58:12Z X TIMOTHY KALBFLEISCH 2825 WIENEKE RD SAGINAW MI 48603 528940 0 X N/A X 1979 MI RENTAL OF HUD SUBSIDIZED APARTMENT BUILDING 13 13 0 14 0 0 0 0 466597 521390 1318 7550 0 0 467915 528940 0 0 0 0 47813 68363 0 0 0 398634 399520 446447 467883 21468 61057 1389426 1396983 1752330 1698830 -362904 -301847 RENTAL OF HUD SUBSIDIZED APARTMENT BUILDING 0 0 281117 523890 RENTAL AND MAINTENANCE OF HUD SUBSIDIZED APARTMENT BUILDING. 281117 1 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X JODIE LAWMASTER 9898608080 2825 WIENEKE RD SAGINAW MI 48603 X KAREN STORCK DIRECTOR 1.00 0.20 X 0 0 0 AMY BENKO DIRECTOR 1.00 0.20 X 0 0 0 PAUL NYQUIST DIRECTOR 1.00 0.20 X 0 0 0 CARL SCHOENOW DIRECTOR 1.00 0.20 X 0 0 0 INGRID DRAPER DIRECTOR (STARTED 1/1/24) 1.00 0.20 X 0 0 0 TOM FOCKLER DIRECTOR (STARTED 1/1/24) 1.00 0.20 X 0 0 0 AL NUECHTERLEIN DIRECTOR (STARTED 1/1/24) 1.00 0.20 X 0 0 0 MAUREEN TIPPEN DIRECTOR (STARTED 1/1/24) 1.00 0.20 X 0 0 0 ANDREA LOGAN SECRETARY (STARTED 1/1/24) 1.00 0.20 X X 0 0 0 RITCH CUSHWAY TREASURER 1.00 0.20 X X 0 0 0 PETE BENDER VICE CHAIR 1.00 0.20 X X 0 0 0 MATT RESCH CHAIR (STARTED 1/1/24) 1.00 0.20 X X 0 0 0 DAVID GEHM PRESIDENT/CEO 1.00 0.80 X X 0 0 0 TIMOTHY KALBFLEISCH SVP/CFO 1.00 0.80 X 0 0 0 0 0 0 0 0 0 0 0 RENT REVENUE 531110 459049 459049 RESIDUAL RECEIPTS RECA 531390 46606 46606 CABLE REVENUE 531390 8590 8590 LAUNDRY REVENUE 531390 6807 6807 OTHER TENANT FEES 531390 338 338 521390 5050 5050 2500 0 2500 2500 2500 528940 523890 0 5050 67936 67936 26 26 264 264 137 137 23613 23613 8834 8834 5140 5140 5919 5919 3015 3015 2450 2450 59224 59224 32577 32577 63176 56312 6864 UTILITIES 86104 81053 5051 REPAIR AND MAINTENANCE 60622 60622 CONTRACTED SERVICES 39956 39956 MISCELLANEOUS OPERATING 7720 7720 1170 1170 467883 281117 186766 0 60659 9319 5009 1603 27095 34534 3438511 2497698 862719 940813 433944 410714 1389426 1396983 247223 226359 1483659 1450818 21448 21653 1752330 1698830 X -362904 -301847 -362904 -301847 1389426 1396983 61057 0 X 0 1 X 1 1 1 X 424548 444876 441526 466597 521390 2298937 424548 444876 441526 466597 521390 2298937 0 0 0 2298937 175 112 64 1318 5050 6719 175 112 64 1318 5050 6719 103 1700 371 2174 424826 446688 441961 467915 526440 2307830 0.99610 0.99810 0.00290 0.00080 X 43873 43873 2849427 2117858 731569 176873 175634 1239 82376 82376 0 285962 121830 164132 940813 REPAIR & REPLACEMENT RESERVE 165916 TENANT SECURITY DEPOSITS 19963 ESCROW DEPOSITS 25289 RESIDUAL RECEIPTS RESERVE 199546 410714 TENANT SECURITY DEPOSITS 19963 PREPAID RENT 1690 21653 X 482334 0 482334 46606 46606 528940 421277 0 421277 46606 46606 467883 PART X, LINE 2: IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESIDUAL RECEIPTS RECAPTURE REVERSAL 46,606. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDUAL RECEIPTS RECAPTURE REVERSAL 46,606. FORM 990, PART VI, SECTION A, LINE 3 A MANAGEMENT COMPANY IS EMPLOYED FOR DAY-TO-DAY OPERATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS AUSABLE VALLEY CONTINUING CARE RETIREMENT COMMUNITY, INC. DBA WELLSPRING LUTHERAN SERVICES, FORMERLY DBA AUSABLE VALLEY COMMUNITY, FORMERLY KNOWN AS AUSABLE VALLEY NURSING HOME, INC., A MICHIGAN NONPROFIT, NONSTOCK CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE EXCLUSIVE POWER TO ELECT OR REPLACE AND TO REMOVE, WITH OR WITHOUT CAUSE, DIRECTORS OF THE CORPORATION. THE SOLE MEMBER ALSO HAS THE POWER TO ELECT DIRECTORS TO FILL VACANCIES ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE EXCLUSIVE POWER TO AMEND OR REPEAL THE BYLAWS OR ADOPT NEW BYLAWS OF THE CORPORATION, AND TO APPROVAL ALL AMENDMENTS OF THE ARTICLES OF INCORPORATION AND ALL RESTARTED ARTICLES OF INCORPORATION. THE SOLE MEMBER HAS THE RIGHT TO VOTE ON ALL MATTERS IN WHICH THE VOTE OF MEMBERS WITH VOTING RIGHTS IS REQUIRED BY LAW, THE ARTICLES OF INCORPORATION, AND THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND SIGNED BY THE BOARD PRESIDENT OR CFO. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COLLECTED IN THE BEGINNING OF EACH NEW BOARD YEAR. THE FORMS ARE REVIEWED BY THE CEO. IF A CONFLICT EXISTS, THE CEO REVIEWS WITH THE BOARD CHAIR AND DETERMINES THE APPROPRIATE ACTION, WHICH IS TYPICALLY TO REMOVE THE INDIVIDUAL FROM THE POSITION OF CONFLICT FOR THE SPECIFIC TRANSACTION/PROCESS. 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 AT THE CORPORATE OFFICE OF WELLSPRING LUTHERAN SERVICES BY CONTACTING THE CHIEF FINANCIAL OFFICER. AUSABLE VALLEY CONTINUING CARE RETIREMENT COMMUNITY INC 2825 WIENEKE RD SAGINAW MI 48603 382236926 NURSING CARE MI 501(C)(3) LINE 10 AUSABLE VALLEY APARTMENTS INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0