2024-08-12T17:29:00-05:00 2023-09-30 850203431 REDW LLC 475 COTTAGE STREET NE SUITE 200 SALEM OR 97301 990 2022-10-01 931327751 THE YAMHILL COUNTY AFFORDABLE HOUSING CORPORATION YAMH 5038834300 135 NE DUNN PLACE MCMINNVILLE OR 97128 VICKIE YBARGUEN EXECUTIVE DIRECTOR 5038834300 2024-07-31 1 0 RYAN T PASQUARELLA CPA P01304274 5035817788 2024-07-31 2022 2024-08-08 14:25:15Z VICKIE YBARGUEN 135 NE DUNN PLACE MCMINNVILLE OR 97128 48640 0 X WWW.HAYC.ORG X 2001 OR PROVIDE OPPORTUNITIES TO MAINTAIN OR DEVELOP SAFE, DECENT, AFFORDABLE HOUSING TO LOW INCOME RESIDENTS. 5 5 0 8 0 0 120985 22616 0 0 11091 25824 718 200 132794 48640 0 0 0 0 0 0 0 0 0 143952 43110 143952 43110 -11158 5530 4151782 4094270 237801 174759 3913981 3919511 X THE YAMHILL COUNTY AFFORDABLE HOUSING CORPORATION (YCAHC) IS A NONPROFIT ORGANIZATION FORMED TO ACT AS THE AGENT FOR ADMINISTERING AND MANAGING FUNDS COVERED BY THE OREGON COMMUNITY DEVELOPMENT BLOCK GRANTS. GRANT FUNDS ARE LOANED TO LOW AND MODERATE INCOME RESIDENTS TO REHABILITATE THEIR HOUSING. YCAHC MAY USE REPAID LOAN FUNDS TO PURCHASE, REHABILITATE, AND SELL HOUSING TO LOW TO MODERATE INCOME CITIZENS. 0 0 22611 200 SERVICED EXISTING LOANS AND MADE AND SERVICED NEW LOANS FOR A TOTAL ENDING BALANCE OF $2,825,844. LOANS ARE TO REHABILITATE AND CONSERVE HOUSING OF LOW OR MODERATE INCOME RESIDENTS. THE ORGANIZATION HAS ALSO PURCHASED HOUSES IN YAMHILL COUNTY WITH DEFEDERALIZED FUNDS WITH THE INTENT TO REHABILITATE AND SELL THE HOUSES TO PARTICIPANTS IN THE HOUSING AUTHORITY OF YAMHILL COUNTY'S FAMILY SELF-SUFFICIENCY PROGRAM. AS OF SEPTEMBER 30, 2023 THE CONSTRUCTION IN PROGRESS TOTALED $618,686. 22611 1 1 0 0 0 0 0 0 0 0 1 1 0 0 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 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 0 0 1 0 0 0 1 1 0 1 0 1 0 0 0 OR X HOUSING AUTHORITY OF YAMHILL COUNTY 5034346571 135 NE DUNN PLACE MCMINNVILLE OR 97128 X MICHAEL THOMAS PRESIDENT (UNTIL 2/2023) 0.20 X X 0 0 0 ROCHELLE ROADEN SECRETARY/TREASURER 0.20 X X 0 0 0 HEATHER RICHARDS DIRECTOR 0.20 X 0 0 0 DOUG RUX VICE PRESIDENT 0.20 X X 0 0 0 KEN HUFFER DIRECTOR 0.20 X 0 0 0 HEIDI BELL DIRECTOR 0.20 X 0 0 0 VICKIE YBARGUEN EXECUTIVE DIRECTOR 0.20 X 0 0 0 0 0 0 0 0 0 0 LONE OAK BUILDERS LLC PO BOX 605 NEWBERG OR 97132 BUILDING WORK 231159 1 20000 2616 22616 25824 25824 LATE CHARGES 900099 200 200 200 48640 200 0 25824 20000 20000 3644 3644 12300 12300 2122 2122 489 489 3892 3892 MISCELLANEOUS ADMINISTR 663 663 43110 22611 20499 0 117333 64245 203110 3051914 2825844 29054 618686 1511 512 2822 2822 0 0 951970 381873 4151782 4094270 2237 26985 235564 147774 237801 174759 X 3548992 3554490 364989 365021 3913981 3919511 4151782 4094270 5530 0 X 0 1 X 0 0 X 102970 14511 117634 120985 22616 378716 102970 14511 117634 120985 22616 378716 378716 28683 16464 12542 11091 25824 94604 570 5105 692 718 200 7285 480605 631457 0.78800 0.83510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2822 2822 0 0 LOCAL GOVERNMENT INVESTMENT POOL 381873 C 381873 REHAB LOAN FUNDS PAYABLE 147774 147774 X 48640 0 48640 0 48640 43110 0 43110 0 43110 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THESE FINANCIAL STATEMENTS AND NO FEDERAL INCOME TAXES WERE PAID. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. THE ORGANIZATION FOLLOWS THE PROVISIONS ACCOUNTING STANDARDS CODIFICATION (ASC) ACCOUNTING FOR INCOME TAXES. ASC 740 PRESCRIBES A THRESHOLD FOR DETERMINING WHEN AN INCOME TAX BENEFIT CAN BE RECOGNIZED, WHICH IS A HIGHER THRESHOLD THAN THE ONE IMPOSED FOR CLAIMING DEDUCTIONS ON INCOME TAX RETURNS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE TAX RETURNS. IN GENERAL, THE FEDERAL AND STATE INCOME TAX RETURNS HAVE A THREE-YEAR STATUTE OF LIMITATIONS. THE ORGANIZATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX PROVISIONS, IF ANY, AS PART OF THE INCOME TAX PROVISION. FORM 990, PART VI, SECTION A, LINE 6 PER ORGANIZATION BYLAWS, THE CORPORATION HAS ONE CLASS OF MEMBERS WITHIN THE MEANING OF THE OREGON NONPROFIT CORPORATION ACT. MEMBERSHIP IS AVAILABLE TO ANY LOCAL GOVERNMENTAL JURISDICTIONS, GOVERNMENTAL AGENCIES, OR COMMISSIONS OPERATING WITHIN YAMHILL COUNTY WHICH LOANS OR FUNDS TO THE CORPORATION OR OTHERWISE TRANSFERRED OR HAD TRANSFERRED FOR THEIR BENEFIT FUNDS OR MONIES TO THE CORPORATION IN FURTHERANCE OF THE CORPORATION'S PURPOSES. 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 FINANCIAL DIRECTOR REVIEWS FORM 990 BEFORE IT IS FILED AND THE 990 IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL FINANCIAL TRANSACTIONS ARE REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.