2024-11-14T14:29:48-06:00 2023-12-31 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2023-01-01 811332947 Hazen Pioneer Apartments HAZE 7017486886 PO Box 717 Hazen ND 58545 Carla Borlaug President 7017486886 2024-11-13 1 1 Lisa Chaffee CPA P00193453 7012551091 2024-11-13 2023 2024-10-15 13:58:12Z Carla Borlaug PO Box 717 Hazen ND 58545 147131 0 X N/A X 2015 ND To provide affordable housing for low-income persons. 5 5 0 5 0 0 0 0 152915 147120 584 11 0 0 153499 147131 0 0 0 0 0 0 0 0 0 231142 217090 231142 217090 -77643 -69959 3221632 3123597 3917335 3889259 -695703 -765662 To provide safe affordable housing for our community. 0 0 198527 147120 The Hazen Pioneer Apartment complex is an 18-unit multifaceted facility consisting of 14 one-bedroom apartment units that are available for eligible candidates as well as two, two-bedroom; and two, one-bedroom handicapped accessible apartment units. This complex was co-funded by approximately 50% in grant funds from the North Dakota Housing Incentive Fund (HIF) which was sponsored through the North Dakota Housing and Finance Agency (NDHFA). This long-term affordable housing project is therefore financed under the North Dakota Housing Finance Agency (NDHFA). 198527 1 0 0 0 0 0 0 0 1 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 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 X 5 5 0 1 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 X Retterath Management 7017485577 413 Main St W Hazen ND 58545 X Carla Borlaug President 0.50 X X 0 0 0 Troy Johnson Vice-President 0.50 X X 0 0 0 Darcy Kirchmeier Secretary-Treasurer 0.50 X X 0 0 0 Haley Wiedrich Director 0.50 X 0 0 0 Kimberly Folkerts Director 0.50 X 0 0 0 Sandy Retterath Manager 10.00 X 0 0 0 0 0 0 0 0 0 0 0 Rental Income 531110 147120 147120 147120 11 11 147131 147120 0 11 14750 14750 3813 3813 306 306 41720 41720 56588 56588 91951 91951 802 802 Repairs & Maintenance 7151 7151 9 9 217090 198527 18563 0 132817 126733 3784121 787257 3088815 2996864 3221632 3123597 4994 5614 3912341 3883645 3917335 3889259 X -695703 -765662 -695703 -765662 3221632 3123597 -69959 0 X 0 0 0 X 143679 152915 147120 443714 143679 152915 147120 443714 0 50687 59600 48890 159177 50687 59600 48890 159177 284537 142 584 11 737 142 584 11 737 143821 153499 147131 444451 X 0 1 X 199000 199000 3430420 711504 2718916 154701 75753 78948 2996864 Part IV, Line 2b: The organization holds resident security deposits. Retterath Management Entity owned by Manager, Sandy Retterath 14750 Management Services 0 Form 990, Part VI, Section A, line 3 Hazen Pioneer Apartments delegates management duties to Retterath Management company. Hazen Pioneer Apartments Manager Sandy Retterath is an employee of Retterath Management company and receives $11,578 in compensation and no benefits from Retterath Management for her services as the Manager of Hazen Pioneer Apartments. Form 990, Part VI, Section A, line 7a The Board of Directors is composed of the Commissioners of the Housing Authority of the City of Hazen. Form 990, Part VI, Section A, line 8b There are no committees that can act on behalf of the governing board. Form 990, Part VI, Section B, line 11b The Form 990 was provided to the Board of Directors before filing with the IRS. Form 990, Part VI, Section B, line 12c Annually, the board of directors and principal officer reviews the conflict of interest policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After the potential disclosure the interested persons will leave the meeting while the review and determination of the conflict is being discussed and voted upon. The remaining board or committee members will decide if a conflict of interest exists. 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.