2024-05-02T09:50:40-05:00 2023-06-30 271490692 TIDWELL GROUP LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2022-07-01 341822065 NWC CORPORATION HUD 2 INC NWCC 6149422020 3021 E DUBLIN-GRANVILLE ROAD COLUMBUS OH 43231 STEVEN J BOONE PRESIDENT 6149422020 2024-05-01 1 STEVEN BOONE 999009999 0 TODD FENTRESS CPA P01242481 6145281440 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEVEN J BOONE 3021 E DUBLIN-GRANVILLE ROAD COLUMBUS OH 43231 86199 0 X N/A X 1996 OH HOUSING FACILITIES & SERVICES FOR DISABLED PERSONS. 5 2 0 2 0 0 57687 50282 34836 34260 373 714 1188 943 94084 86199 0 0 0 0 0 0 0 0 0 119562 107178 119562 107178 -25478 -20979 436992 420778 38189 42954 398803 377824 HOUSING FACILITIES & SERVICES FOR DISABLED PERSONS. 0 0 92847 35203 CORPORATION OWNS AND OPERATES APARTMENTS FOR CHRONICALLY MENTALLY ILL ADULTS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING EXPENSES. 92847 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 1 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X STEVEN J BOONE 6149422020 3021 E DUBLIN-GRANVILLE RD STE 200 COLUMBUS OH 43231 STEVEN J BOONE PRESIDENT 1.00 40.00 X X 0 100000 0 WILLIAM A HARVEY V. PRESIDENT 1.00 40.00 X X 0 0 0 STEVE GUTHRIE SECRETARY 1.00 4.00 X X 0 34500 0 CARLISA SALTSMAN BOARD MEMBER 1.00 4.00 X 0 34500 0 TIMOTHY HASTREITER BOARD MEMBER 1.00 40.00 X 0 0 0 0 169000 0 0 0 0 0 0 50282 50282 RENTAL INCOME 531110 34260 34260 34260 714 714 LAUNDRY & VENDING 531110 557 557 TENANT CHARGES 531110 386 386 943 86199 35203 0 714 7453 7453 58 58 1109 1109 27476 27476 4780 4780 19854 19854 11776 11776 OUTSIDE SERVICES 23557 23557 MISC. ADMINISTRATIVE EX 6878 6878 REPAIRS AND MAINTENANCE 4067 4067 BAD DEBT EXPENSE 170 170 107178 92847 14331 0 19281 1653 6977 3853 9288 10803 785839 516104 276582 269735 124864 134734 436992 420778 16889 16322 156 974 21144 25658 38189 42954 X -303316 -324295 702119 702119 398803 377824 436992 420778 -20979 0 X X 0 1 X 1 1 1 X 63157 60567 60428 57687 50282 292121 32633 33820 35332 36024 35203 173012 95790 94387 95760 93711 85485 465133 0 0 0 465133 318 503 308 373 714 2216 318 503 308 373 714 2216 221 383 503 1107 96329 95273 96571 94084 86199 468456 0.99290 0.99140 0.00470 0.00340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 634870 413567 221303 130969 102537 28432 269735 RESIDUAL RECEIPTS RESERVE 26926 TENANT SECURITY DEPOSITS 2772 REAL ESTATE TAX AND INSURANCE ESCROW 4232 REPLACEMENT RESERVE 100804 134734 TENANT SECURITY DEPOSIT 1732 RESIDUAL RECEIPTS LIABILITY 23926 25658 X 86199 0 86199 0 86199 107178 0 107178 0 107178 PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE CORPORATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CORPORATION DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINE BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. STEVEN J BOONE STEVEN IS THE PRESIDENT OF THE ORGANIZATION AND RLJ MANAGEMENT CO. 7453 RLJ MGT. PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION. THE MANAGEMENT FEE PAID TO RLJ MGT. IS BASED ON 8.7% OF THE GROSS COLLECTIONS OF THE ORGANIZATION. THIS IS STANDARD IN THE INDUSTRY AND THE AMOUNT THEY CAN CHARGE IS REGULATED BY HUD. 1 FORM 990, PART VI, SECTION A, LINE 2 STEVEN J. BOONE, WILLIAM A. HARVEY AND STEVE GUTHRIE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DELEGATED TO RLJ MANAGEMENT CO., INC. AND THEY PERFORM THE FOLLOWING MANAGEMENT DUTIES ON BEHALF OF THE ORGANIZATION: HIRE, FIRE, AND SUPERVISE PERSONNEL ALONG WITH THE PLANNING AND EXECUTING OF THE FINANCIAL BUDGET AND ANY OTHER FINANCIAL NEEDS RELATED TO THE AFFORDABLE HOUSING PROPERTY. STEVEN BOONE, THE PRESIDENT OF THE ORGANIZATION, IS ALSO THE PRESIDENT OF RLJ MANAGEMENT CO. BECAUSE STEVEN PERFORMS MANY DUTIES FOR RLJ MANAGEMENT CO. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISCUSSED AND APPROVED BY THE BOARD MEMBERS AT THEIR BOARD MEETING BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICTS ARE OPENLY DISCUSSED AT QUARTERLY BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR NWC CORPORATION 3021 E DUBLIN-GRANVILLE RD 200 COLUMBUS OH 43231 314608198 HOUSING OH 501(C)(3) LINE 7 N/A 0 BUCKEYE COMMUNITY HOPE FOUNDATION 3021 E DUBLIN-GRANVILLE RD 200 COLUMBUS OH 43231 311333992 HOUSING OH 501(C)(3) LINE 7 N/A 0 BCHF SPRINGFIELD INC 3021 E DUBLIN-GRANVILLE RD 200 COLUMBUS OH 43231 273779762 HUD HSG PROJECT OH 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0