2024-12-20T08:23:35-06:00 2024-09-30 991781118 EAG AFFORDABLE HOUSING LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2023-10-01 341251206 VILLA MERCEDE COMMUNITY URBAN REDEVELOPMENT CORPORATION VILL 2163609441 1331 W 70TH STREET CLEVELAND OH 44102 CHARLIE MANNO BOARD PRESIDENT 2163609441 2024-12-18 1 0 ERIC BEINING P00348790 6144728572 2024-12-18 2023 2024-10-15 13:58:12Z CHARLIE MANNO 1331 W 70TH STREET CLEVELAND OH 44102 1809057 0 X N/A X 1978 OH TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS. 8 8 0 8 0 0 1173714 1210465 540120 574920 35366 5875 11010 8474 1760210 1799734 0 0 0 0 0 0 0 0 0 1765399 1889684 1765399 1889684 -5189 -89950 2946150 2864209 2762878 2715290 183272 148919 TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS. 0 0 1764194 583394 THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT AND OPERATE A 151 UNIT APARTMENT PROJECT UNDER SECTION 207 PURSUANT OF SECTION 223(F) AND 8 OF THE NATIONAL AFFORDABLE ACT, AS AMENDED. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. 1764194 1 1 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 0 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 OH X MJM MANAGEMENT 4404345082 2425 W 11TH STREET SUITE 3 CLEVELAND OH 44113 X CHARLIE MANNO PRESIDENT 0.50 X X 0 0 0 JOSEPH BIASIOTTA VICE PRESIDENT 0.50 X X 0 0 0 ALICIA MAZZI TREASURER 0.50 X X 0 0 0 MARIE FORD SECRETARY 0.50 X X 0 0 0 FRANK D'ONOFIRO TRUSTEE 0.50 X 0 0 0 LORI CROW TRUSTEE 0.50 X 0 0 0 MICHAEL BOVENZI TRUSTEE 0.50 X 0 0 0 CHRISTOPHER ISABELLA TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 1210465 1210465 RENTAL INCOME 531110 574920 574920 574920 15198 15198 9323 -9323 -9323 -9323 LAUNDRY AND VENDING 531390 7632 7632 MISCELLANEOUS REVENUE 531390 842 842 8474 1799734 583394 0 5875 89730 89730 6149 6149 7586 7586 200 200 53852 53852 464822 464822 134476 134476 140996 140996 65018 65018 OUTSIDE SERVICES 709182 709182 REPAIR AND MAINTENANCE 143672 143672 SERVICE COORDINATOR 45827 45827 ENTITY EXPENSE 15554 15554 12620 12620 1889684 1764194 125490 0 68295 64861 701204 569041 15465 13830 28546 29304 7957465 6663070 1418864 1294395 384672 551385 329104 341393 2946150 2864209 191772 193944 498 430 2525739 2475100 44869 45816 2762878 2715290 X 183272 148919 183272 148919 2946150 2864209 -89950 55597 0 X X 0 1 X 1 1 1 X 1074297 1074897 1136221 1173714 1210465 5669594 515529 523551 523322 551130 583394 2696926 1589826 1598448 1659543 1724844 1793859 8366520 0 0 0 8366520 3480 5240 10078 11813 15198 45809 3480 5240 10078 11813 15198 45809 21345 22813 24291 68449 1614651 1626501 1693912 1736657 1809057 8480778 0.98650 0.98480 0.00540 0.00440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149946 149946 6823259 5854383 968876 656262 621491 34771 327998 187196 140802 1294395 TENANT DEPOSITS 45818 ESCROW DEPOSITS 120415 RESERVE FOR REPLACEMENTS 175160 341393 TENANT SECURITY DEPOSITS HELD IN TRUST (CONTRA) 45816 45816 X 1855331 55597 55597 1799734 0 1799734 1889684 0 1889684 0 1889684 PART X, LINE 2: THE CORPORATION APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 MJM MANAGEMENT COMPANY AND ITS EMPLOYEES OVERSEE AND MANAGE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION. ALL MANAGEMENT DECISIONS ARE DISCUSSED AND APPROVED BY THE BOARD OF TRUSTEES BEFORE THEY ARE CARRIED OUT. FORM 990, PART VI, SECTION B, LINE 11B DRAFT COPY OF THE TAX RETURN IS FORWARDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. AT EACH BOARD MEETING, IF A CONFLICT OF INTEREST ARISES, THE CONFLICTED PARTY ADVISES THE REST OF THE BOARD OF THE CONFLICT AND ABSTAINS FROM THE DISCUSSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS, AND IS INVOLVED IN THE SELECTION OF THE INDEPENDENT ACCOUNTANT WHICH PERFORMS THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.