2024-02-16T16:43:55-05:00 2021-12-31 412024514 SOMMERVILLE & ASSOCIATES PC 3030 MATLOCK RD STE 201 ARLINGTON TX 760152936 990 2021-01-01 752719484 GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION INC GRAN 8175720949 PO BOX 532758 GRAND PRAIRIE TX 75053 ZELDA FREEMAN PRESIDENT/DIRECTOR 9722633858 2024-02-16 true ZELDA FREEMAN 999009999 SHANNON WOOD CPA P00390658 8177955046 2024-02-16 2021 2023-04-26 12:10:37Z X ZELDA FREEMAN PO BOX 532758 GRAND PRAIRIE TX 75051 560123 false X X 1997 TX PROVIDING HOUSING ASSISTANCE TO QUALIFYING RESIDENTS OF GRAND PRAIRIE, TEXAS. 7 7 0 7 0 260540 69923 0 143 2 -25904 62434 234779 132359 7159 159000 0 0 0 0 43690 46492 50849 205492 183930 -73133 1302283 1220497 59828 51175 1242455 1169322 X GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, INC. SERVES AS A CATALYST TO PROVIDE GRAND PRAIRIE RESIDENTS WITH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES BY PROVIDING FINANCING ALTERNATIVES, DOWN PAYMENT ASSISTANCE AND HOUSING CONSTRUCTION TO FACILITATE THE DEVELOPMENT OF QUALITY, SAFE AND AFFORDABLE SINGLE FAMILY AND MULTIFAMILY HOUSING AND THROUGH AFFORDABLE AND ASSISTED RENTAL HOUSING FOR THE COMMUNITY AND PROGRAMS NECESSARY TO SUPPORT THE RESIDENTS OF GRAND PRAIRIE HOUSING FINANCE CORPORATION RENTAL HOUSING COMMUNITIES AND THE CITIZENS OF GRAND PRAIRIE, TEXAS. false false 159000 159000 60236 GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION PARTICIPATES IN PROGRAMS WITH THE CITY OF GRAND PRAIRIE, TEXAS TO PROVIDE QUALITY HOUSING TO LOW INCOME RESIDENTS. THE PROGRAM INCLUDES THE CONSTRUCTION OF HOMES FOR SALE AS WELL OF PROVIDING RENTAL HOMES. DURING 2021, TWO HOMES WERE CONSTRUCTED AND SOLD TO QUALIFYING INDIVIDUALS. THE PROGRAM IS MONITORED BY THE CITY OF GRAND PRAIRIE AND HUD. 159000 true true false false false false false false true false false false true false false false true false false false false false false false false false false true false false false false false false false false false true false false false false false false false false false true 2 0 true 0 false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true true true false false false X MARSHALL SUTTON 9726470022 PO BOX 532758 GRAND PRAIRIE TX 75053 X MELINDA ROGERS ASST SEC/DIR 1.00 X X 0 0 0 ZELDA FREEMAN PRESIDENT/DI 1.00 X X 0 0 0 MARSHALL SUTTON SEC/TREAS/DI 1.00 X X 0 0 0 JULIE MITCHELL DIRECTOR 1.00 X 0 0 0 LUIS O'CAMPO DIRECTOR 1.00 X 0 0 0 TONI ANDERSON DIRECTOR 1.00 X 0 0 0 RICK WALTON DIRECTOR 1.00 X 0 0 0 false false false 69923 69923 2 2 488000 427764 60236 60236 ESCROW ADJUSTMENT 900099 2198 2198 2198 132359 60236 2200 159000 159000 30000 30000 9660 9660 1352 1352 1906 1906 1245 1245 1779 1779 WARRANTY 550 550 205492 159000 46492 0 221208 223296 40078 43772 35000 1252 1269 727044 952160 277701 1302283 1220497 2501 2502 44415 42592 12912 6081 59828 51175 X 1242455 1169322 1242455 1169322 1302283 1220497 -73133 X false true X true false X 56562 64658 150198 260540 69923 601881 56562 64658 150198 260540 69923 601881 601881 2307 106 143 2 2558 583 77 139 2198 2997 607436 1240650 0.99090 0.99600 X PART II, LINE 10 LATE FEES 799 ESCROW ADJSUTMENTS 2,198 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X HOUSING LOANS RECEIVABLE 952160 C 952160 560123 427764 427764 132359 132359 630756 427764 427764 202992 2500 2500 205492 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE PROGRAMS INCLUDE PROVIDING LOW INCOME HOUSING THROUGH SALES OF HOUSES ON SELLER-FINANCED NOTES. EACH PARTICIPANT'S LOAN ARRANGEMENT INCLUDES AN ESCROW ARRANGEMENT FOR INSURANCE, TAXES AND HOME WARRANTIES RELATED TO THE PROPERTY. ANY EXCESS ESCROW FUNDS WOULD BE DUE BACK TO THE PARTICIPANT IN THE EVENT THE RELATED NOTE OBLIGATION IS PAID OFF. SCHEDULE D, PAGE 4, PART XI, LINE 2D COGS 427,764 SCHEDULE D, PAGE 4, PART XII, LINE 2D COGS 427,764 SCHEDULE D, PAGE 4, PART XII, LINE 4B UNRECORDED AUDIT ADJUSTMENT 2,500 true CITY OF GRAND PRAIRIE PO BOX 534045 GRAND PRAIRIE TX 75050 756000543 GOV 159000 HOUSING FUNDS 1 SCHEDULE I, PAGE 4, PART IV GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION RECEIVES PRE-APPROVED INDIVIDUALS FROM THE CITY OF GRAND PRAIRIE HOUSING AND NEIGHBORHOOD SERVICES WHO DETERMINES THE ELIGIBILITY, THE AMOUNT, AND THE SELECTION CRITERIA OF THOSE INDIVIDUALS. JACKSON PROPERTY COMPANY SEE PART V 30000 MANAGEMENT FEES false SCHEDULE L, PART V SCHEDULE L PART IV LINE (1) - THE ENTITY IS MORE THAN 35% OWNED, DIRECTLY OR INDIRECTLY BY DOUG JACKSON, A FORMER OFFICER AND FOUNDER OF THE ORGANIZATION. FORM 990, PAGE 1, ITEM B AFTER THE INITIAL FILING OF THE ORIGINAL RETURN, THE CERTIFIED FINANCIAL AUDIT COVERING THE FILING YEAR WAS COMPLETED. THE AUDIT REFLECTED SEVERAL ADJUSTMENTS TO THE BALANCE SHEET, REVENUE, AND EXPENSES. THIS AMENDED RETURN MORE ACCURATELY REFLECTS THE ORGANIZATION'S OPERATIONS AND REFLECTS CHANGES IN SEVERAL AREAS INCLUDING: PART X, COLUMN (B) - INCREASE IN PREPAID EXPENSES. DECREASE IN INVESTMENTS-PROGRAM RELATED AND NET ASSETS. PART VIII, LINE 11A - INCREASE IN OTHER INCOME. PART IX, LINE 1 - INCREASE IN GRANTS TO OTHER ORGANIZATIONS. PART IX, LINE 23 - INCREASE IN INSURANCE EXPENSE. PART XII - TO REPORT THAT THE ORGANIZATION RECEIVED AN AUDIT DONE ON SEPARATE BASIS. SCHEDULE D, PART XI AND PART XII - COMPLETED AS AN AUDIT WAS DONE FOR THE ORGANIZATION. SCHEDULE I, PART II - TO REPORT GRANTS PAID TO AN ORGANIZATION. FORM 990 - ORGANIZATION'S MISSION GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, INC. SERVES AS A CATALYST TO PROVIDE GRAND PRAIRIE RESIDENTS WITH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES BY PROVIDING FINANCING ALTERNATIVES, DOWN PAYMENT ASSISTANCE AND HOUSING CONSTRUCTION TO FACILITATE THE DEVELOPMENT OF QUALITY, SAFE AND AFFORDABLE SINGLE FAMILY AND MULTIFAMILY HOUSING AND THROUGH AFFORDABLE AND ASSISTED RENTAL HOUSING FOR THE COMMUNITY AND PROGRAMS NECESSARY TO SUPPORT THE RESIDENTS OF GRAND PRAIRIE HOUSING FINANCE CORPORATION RENTAL HOUSING COMMUNITIES AND THE CITIZENS OF GRAND PRAIRIE, TEXAS. FORM 990, PAGE 6, PART VI, LINE 3 DURING THE YEAR, THE ORGANIZATION DELEGATED DAY TO DAY MANAGEMENT OF THE ACTIVITIES TO JACKSON CONSULTING COMPANY, INC. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS PROVIDED TO THE PRESIDENT AND THE SECRETARY/TREASURER FOR THEIR REVIEW. AN ELECTRONIC COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. THE RETURN IS ALSO REVIEWED BY THE ENTIRE BOARD AT THE NEXT MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION. THE RESPONSIBLE PERSON IS TO DISCLOSE THE CIRCUMSTANCES OF A CONFLICT OF INTEREST OR POTENTIONAL CONFLICT OF INTEREST TO THE CHAIR. THE CHAIR WILL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST AS DEFINED BY THE ORGANIZATION'S POLICY. ANY CONFLICTS ARE TO BE DISCLOSED AT A MEETING AND DOCUMENTED IN THE MINUTES OF THE MEETING. THE RESPONSIBLE PERSON SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER, EXCEPT TO PROVIDE MATERIAL FACTS AND RESPOND TO QUESTIONS. THE RESPONSIBLE PERSON MUST ABSTAIN FROM VOTING AND NOT BE COUNTED FOR QUORUM. THE POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ADDITIONALLY, THE ORGANIZATION HAS EACH PERSON COMPLETE AN ANNUAL QUESTIONNAIRE TO REVIEW FOR ANY POTENTIAL OR KNOWN CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION.