2024-08-27T15:42:11-05:00 2023-12-31 381357951 PLANTE & MORAN PLLC 1111 MICHIGAN AVE STE 100 EAST LANSING MI 48823 990 2023-01-01 920351744 OCEANA COUNTY DEVELOPMENT CORPORATION OCEA 6163366587 2999 S TIMBER DUNES ROAD SHELBY MI 49455 EARL PETERSON PRESIDENT 6163366587 2024-08-22 1 1 DORI J EGGETT P00645252 5173326200 2024-08-21 2023 2024-08-08 14:25:15Z EARL PETERSON 2999 S TIMBER DUNES ROAD SHELBY MI 49455 1820199 0 X N/A X 2022 MI TO CONSTRUCT SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME INDIVIDUALS IN OCEANA COUNTY. 7 7 0 7 0 0 200000 1820000 0 0 7 199 0 0 200007 1820199 0 0 0 0 0 0 0 0 0 8238 121430 8238 121430 191769 1698769 191769 4445317 0 2554779 191769 1890538 TO CONSTRUCT SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME INDIVIDUALS IN OCEANA COUNTY. 0 0 61143 LOW INCOME HOUSING 61143 1 1 0 0 0 0 0 0 0 0 1 0 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 1 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 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X EARL PETERSON 2315787778 2999 S TIMBER DUNES ROAD SHELBY MI 49455 X EARL L PETERSON PRESIDENT/TREASURER 1.00 X X 0 0 0 LINDA A PETERSON VICE PRESIDENT/SECRETARY 1.00 X X 0 0 0 JON BUMSTEAD DIRECTOR 1.00 X 0 0 0 CURT VANDERWALL DIRECTOR 1.00 X 0 0 0 RICHARD RAFFAELLI DIRECTOR 1.00 X 0 0 0 TAMMY CAREY DIRECTOR (TERM END 6/23) 1.00 X 0 0 0 GABRIELA PETERSON DIRECTOR 1.00 X 0 0 0 MISHELLE COMSTOCK DIRECTOR (TERM BEGIN 8/23) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 800000 1020000 1020000 1820000 199 199 1820199 0 0 199 28723 28723 30720 30720 283 283 14363 14363 45208 45208 552 552 PERMITS 833 833 MISCELLANEOUS EXPENSE 536 536 REPAIRS & MAINTENANCE 187 187 BANK FEES 25 25 121430 61143 60287 0 156579 560370 1020000 0 1020000 35190 2864947 191769 4445317 9571 2545208 0 2554779 X 191769 1890538 191769 1890538 191769 4445317 1698769 0 X 1 X 0 0 0 X 200000 1820000 2020000 200000 1820000 2020000 0 0 0 2020000 7 199 206 7 199 206 200007 1820199 2020206 X PART II, LINE 13 OCEANA COUNTY DEVELOPMENT CORPORATION WAS FOUNDED SEPTEMBER 16TH, 2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1020000 1020000 1020000 CONSTRUCTION IN PROGRESS 2864947 2864947 X LAND 0 1020000 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 EARL PETERSON, LINDA PETERSON, AND GABRIELA PETERSON HAVE A FAMILY RELATIONSHIP. RICHARD RAFFAELLI HAS A BUSINESS RELATIONSHIP WITH THE PETERSONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990, INCLUDING ALL REQUIRED SCHEDULES, IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO BEING FILED WITH THE IRS. MEMBERS ARE ASKED TO SUBMIT ANY QUESTIONS OR COMMENTS REGARDING THE FORM 990 WITHIN A SPECIFIED TIME PERIOD PRIOR TO THE DATE THE RETURN IS TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C AT ANY MEETING OF THE BOARD OF DIRECTORS, ANY DIRECTOR WHO HAS A PERSONAL FINANCIAL INTEREST IN THE ACTION BEING DISCUSSED OR TAKEN BY THE BOARD OF DIRECTORS (INCLUDING WITHOUT LIMITATION MATTERS OF COMPENSATION) SHALL, UPON REQUEST OF THE BOARD, RECUSE HIMSELF OR HERSELF FROM AT LEAST A PORTION OF THE BOARD DISCUSSION OF THAT MATTER, AND FROM THE VOTE ON THE PROPOSED ACTION. THIS RECUSAL SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. IN SITUATIONS WHERE A DIRECTOR HAS SO RECUSED HIMSELF OR HERSELF, THE RECUSED DIRECTOR SHALL BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT, BUT SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING THE MAJORITY NECESSARY TO APPROVE THE ACTION. FORM 990, PART VI, SECTION B, LINE 15A NO COMPENSATION SHALL BE PAID TO THE OFFICERS FOR SERVICES RENDERED TO THE CORPORATION AS OFFICERS. NOTHING CONTAINED IN THIS SECTION, HOWEVER, SHALL BE CONSTRUED TO PRECLUDE ANY OFFICER FROM SERVING THE CORPORATION IN ANY OTHER CAPACITY AND RECEIVING COMPENSATION THEREFORE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, 990, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.