2024-11-11T16:24:28-06:00 2024-06-30 943108253 NOVOGRADAC & COMPANY LLP 601 SW 2ND AVE SUITE 1150 PORTLAND OR 97204 990 2023-07-01 821096766 REACH QALICB INC REAC 5418878663 2350 MAYWOOD DRIVE KLAMATH FALLS OR 97603 PAT MILNER CHIEF FINANCIAL OFFICER 5418828803 2024-11-11 1 0 NICOLO PINOLI P00853443 5038212700 2023 2024-10-15 13:58:12Z PATRICK MILNER 2350 MAYWOOD DRIVE KLAMATH FALLS OR 97603 186292 0 X N/A X 2017 OR SEE ATTACHMENT 4 2 0 0 0 0 0 0 144000 186292 0 0 0 0 144000 186292 129724 129724 0 0 0 0 0 0 0 363821 364087 493545 493811 -349545 -307519 7287088 7205704 6579931 6566241 707157 639463 X SEE SCHEDULE OTHE CORPORATION IS ORGANIZED AND MUST BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF REACH, INC., AN OREGON NONPROFIT CORPORATION ("REACH"), WHICH IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 0 0 432820 129724 186292 REACH QALICB, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF REACH, INC., AN OREGON NONPROFIT CORPORATION. REACH QALICB, INC.'S PURPOSE IS TO HOLD, IMPROVE, AND LEASE REAL PROPERTY TO REACH, INC. IN FURTHERANCE OF ITS NONPROFIT PURPOSE. 432820 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 OR X X GREG STATHOS 5418878663 2350 MAYWOOD DRIVE KLAMATH FALLS OR 97603 X GREG STATHOS TREASURER 0.00 X X 0 0 0 PATRICK MILNER SECRETARY/PRESIDENT 0.00 X X 0 0 0 KEITH STOTTS ASSISTANT TO TREASURER 0.00 X X 0 0 0 JESSIE OATES PRESIDENT 0.00 X X 0 0 0 0 0 0 0 0 0 0 0 GROSS RENTS 624110 186292 186292 186292 186292 186292 0 0 129724 129724 1123 1123 18741 18741 65475 65475 8500 8500 236498 236498 ASSET MANAGEMENT FEES 33750 33750 493811 432820 60991 0 96195 48382 14292 16938 16938 0 0 509020 470059 6664935 6656033 7287088 7205704 32431 18741 6547500 6547500 6579931 6566241 X 0 0 0 0 707157 639463 707157 639463 7287088 7205704 X -307519 239825 X X 0 1 X 1 0 X X 1 REACH INC 943038729 10 1 129724 0 1 129724 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 PART IV, SECTION E, LINE 2A: THE SUPPORTED ORGANIZATION IS IDENTIFIED ON SCHEDULE A, PART I. THE ORGANIZATION HAS THE SAME MISSION AS ITS SUPPORTED ORGANIZATION BY HOLDING, IMPROVING AND LEASING TO REACH, INC. REAL PROPERTY WHICH FACILITATES THE SUPPORTED ORGANIZATION'S MISSION OF OFFERING WORK OPPORTUNITIES, REHABILITATION AND TRAINING FOR PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT IN KLAMATH FALLS, OR. PART IV, SECTION E, LINE 2B: THE ORGANIZATION'S INVOLVEMENT WITH THE SUPPORTED ORGANIZATION IS REQUIRED BY THE NEW MARKETS TAX CREDIT PROGRAM REGULATIONS. THE SUPPORTED ORGANIZATION WOULD HAVE ENGAGED IN THE SAME ACTIVITIES IN ANOTHER MANNER IF NOT FOR THE ROLE OF THE ORGANIZATION. 433052 433052 4156509 619148 3537361 1335635 582142 753493 4723906 INVESTMENTS IN DIRECT FINANCING LEASES 6656033 6656033 X 228580 42288 42288 186292 0 186292 296274 -197537 -197537 493811 0 493811 PART X, LINE 2: THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE - LEASE INCOME 42,288. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE - AMORTIZATION EXPENSE 14,172. BOOK/TAX DIFFERENCE - DEPRECIATION EXPENSE -211,709. 1 REACH INC 2350 MAYWOOD DRIVE KLAMATH FALLS OR 97603 943038729 501(C)3 129724 0 TO SUPPORT REACH, INC.'S MISSION OF OFFERING WORK OPPORTUNITIES, REHABILITATION AND TRAINING FOR PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT IN KLAMATH FALLS, OR. REACH INC A DIRECTOR IS DIRECTOR OF THE INTERESTED PERSON 129724 GRANT EXPENSE 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS PROVIDED COPIES OF FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING FORM 990. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION IS MAKING DISCLOSURES PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION IS MAKING DISCLOSURES AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE - LEASE INCOME 42,288. BOOK/TAX DIFFERENCE - AMORTIZATION EXPENSE -14,172. BOOK/TAX DIFFERENCE - DEPRECIATION EXPENSE 211,709. PART XII, LINE 2C N/A - THERE WERE NO CHANGES IN THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS DURING THE YEAR. REACH INC 2350 MAYWOOD DRIVE KLAMATH FALLS OR 97603 943038729 NON-PROFIT COMMUNITY DEVELOPMENT CENTER OR 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 REACH INC J 186292 CASH REACH INC B 129724 CASH