2024-11-14T18:24:28-06:00 2023-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2023-01-01 264468628 COMMUNITIES OF HOPE INC COMM 8106299500 120 NORTH LEROY STREET FENTON MI 48430 JASON OSTRANDER TREASURER 8106299500 2024-11-14 1 1 KEITH R PFEIFLE CPA P01239690 5173237500 2024-11-15 2023 2024-10-15 13:58:12Z JASON OSTRANDER 120 NORTH LEROY STREET FENTON MI 48430 675194 0 X HTTPS://COMMUNITIESOFHOPE.COM/ X 2009 MI TO ASSIST LOW-INCOME INDIVIDUALS IN OBTAINING BASIC NEEDS AND SERVICES WITH AFFORDABLE HOUSING. 11 11 0 11 0 0 46 0 3087 626043 46581 49151 0 0 49714 675194 0 0 0 0 0 0 0 0 0 63552 396069 63552 396069 -13838 279125 10533656 10621158 377211 450644 10156445 10170514 TO ASSIST LOW-INCOME INDIVIDUALS IN OBTAINING BASIC NEEDS AND SERVICES IN AN AFFORDABLE HOUSING ENVIRONMENT. 0 0 384891 626043 OPERATED TWELVE RESIDENTIAL HOUSING COMPLEXES FOR LOW-INCOME TENANTS. 384891 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MI X JASON OSTRANDER 8106299500 120 NORTH LEROY STREET FENTON MI 48430 X CYNDI STEMPIEN DIRECTOR 0.20 X 0 0 0 RYAN BEALE DIRECTOR 0.20 X 0 0 0 DENISE BEALE DIRECTOR 0.20 X 0 0 0 NICHOLE MATTISON DIRECTOR 0.20 X 0 0 0 DONNA HARRIS DIRECTOR 0.20 X 0 0 0 JOHNNIE BOONE DIRECTOR 0.20 X 0 0 0 DR LATASHA PATMAN DIRECTOR 0.20 X 0 0 0 MARGARET GREEN SECRETARY 0.20 X X 0 0 0 JASON OSTRANDER TREASURER 0.20 X X 0 0 0 ROBERT BEALE CHAIR 20.00 X X 0 0 0 RICK FULGENZI EXECUTIVE DIRECTOR 20.00 X X 0 0 0 0 0 0 0 0 0 0 0 DEVELOPER FEE REVENUE 531390 367500 367500 PROGRAM RELATED INVESTMENTS 531390 258543 258543 626043 49151 49151 675194 626043 0 49151 X 6678 6678 367400 367400 4500 4500 2226 2226 11287 11287 3978 3978 396069 384891 11178 0 84849 155923 244013 366002 10204794 10099233 10533656 10621158 377211 450644 377211 450644 X 10156445 10170514 10156445 10170514 10533656 10621158 X 279125 -265056 X 0 1 X 1 0 X 12300 196 11463 46 177 24182 8069 880392 1864567 3087 626043 3382158 20369 880588 1876030 3133 626220 3406340 0 0 0 3406340 46581 49151 95732 46581 49151 95732 20369 880588 1876030 49714 675371 3502072 0.97270 0.02730 X 0 NET CAPITAL INVESTMENT - AFFILIATED PARTNERSHIPS 7041046 SELLER NOTES RECEIVABLE 1254731 DEVELOPER FEES RECEIVABLE - LONG TERM 1803456 10099233 NOTE PAYABLE - PREMIER PROPERTY MANAGEMENT 139357 NOTE PAYABLE TO ROCKET FOUNDATION 311287 450644 X 530810 120672 -265056 -144384 675194 0 675194 516741 120672 120672 396069 0 396069 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 THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON AFFILIATED PARTNERSHIPS -265,056. ROBERT BEALE PRESIDENT OF THE BOARD 139357 PREMIER PROPERTY MANAGEMENT, LLC IS WHOLLY OWNED BY THE PRESIDENT OF COMMUNITIES OF HOPE, INC. PREMIER PROPERTY MANAGEMENT, LLC PROVIDES MANY OF THE SERVICES NECESSARY TO OPERATE AND MAINTAIN THE HOUSING COMPLEXES, INCLUDING REPAIRS, MAINTENANCE, TENANT MANAGEMENT, ETC. PRICING FOR THESE SERVICES ARE DICTATED BY MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA). AS OF DECEMBER 31, 2023, COMMUNITIES OF HOPE, INC. OWED PREMIER PROPERTY MANAGEMENT $139,357 FOR EXPENSES INCURRED BY COMMUNITIES OF HOPE, INC. AND PAID FOR BY PREMIER PROPERTY MANAGEMENT. THE NOTE DOES NOT BEAR ANY INTEREST AND IS EXPECTED TO BE PAID AS COMMUNITIES OF HOPE, INC. HAS THE AVAILABLE CASH FLOW. 0 FORM 990, PART VI, SECTION A, LINE 2 RYAN BEALE (DIRECTOR) IS THE SON OF DENISE BEALE (DIRECTOR) AND ROBERT BEALE (CHAIR). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE AUDITED FINANCIAL STATEMENTS, WHICH ARE USED TO COMPLETE THE FORM 990. THE FORM 990 IS COMPLETED AFTER ANY QUESTIONS CONCERNING THE AUDIT ARE COMPLETED AND COPIES OF THE FORM 990 ARE DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. FORM 990, PART IX, LINE 11G DEVELOPMENT SERVICES: PROGRAM SERVICE EXPENSES 367,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 367,400. FORM 990, PART XI, LINE 9: UNREALIZED GAINS/LOSSES ON AFFILIATED PARTNERSHIPS -265,056. MANCHESTER PLACE LDHA LP 120 NORTH LEROY STREET FENTON MI 48430 431644484 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED 158388 658556 0 0 0.99000 MANCHESTER PLACE II LDHA LP 120 NORTH LEROY STREET FENTON MI 48430 431805025 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED 4393 1297567 0 0 0.97210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0