2024-10-09T07:19:02-05:00 2023-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2023-01-01 522127808 THE CAPITOL HILL COOPERATIVE HSG ASSOC CAPI 2025441274 750 6TH STREET SE WASHINGTON DC 20003 BONNIE BURGESS TREASURER 2025441274 2024-09-28 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 4107834900 2024-09-27 2023 2024-10-15 13:58:12Z NICOLE SMITH 750 6TH STREET SE WASHINGTON DC 20003 2013783 0 X WWW.TOWNHOMESDC.COM X 1998 MD TO PROVIDE MEMBERS WITH HOUSING ON A NOT-FOR-PROFIT MUTUAL BENEFIT BASIS. 7 7 0 9 0 0 0 0 1748264 1936948 14397 76835 0 0 1762661 2013783 0 0 0 0 0 0 0 0 0 1815776 2731610 1815776 2731610 -53115 -717827 10144116 9387335 295942 399641 9848174 8987694 TO PROVIDE MEMBERS WITH HOUSING ON A NOT-FOR-PROFIT MUTUAL BENEFIT BASIS. 0 0 2306589 1936948 THE ASSOCIATION CONSISTS OF 134 UNITS AND A COMMUNITY CENTER LOCATED IN WASHINGTON, DC. THE ASSOCIATION WILL PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES EARNING LESS THAN 80%, BUT UP TO 115% OF THE DISTRICT OF COLUMBIA AREA MEDIAN INCOME. THE ASSOCIATION COMMENCED OPERATIONS IN 1999. 149029 THE ACTIVITIES SUBSIDY PROGRAM ALLOWS MEMBERS TO ENGAGE IN A VARIETY OF ENRICHMENT PROGRAMS RANGING FROM MUSIC, ARTS, EDUCATIONAL CLASSES, SPORTS AND FITNESS PROGRAMS, AS WELL AS SUMMER CAMP AND AFTERSCHOOL ACTIVITIES FOR THE CHILDREN OF OUR MEMBERS. THIS PROGRAM IS AVAILABLE TO ALL MEMBERS IN GOOD STANDING, QUARTERLY, ON A FIRST-COME FIRST-SERVE BASIS.IN 2023, 25 DIFFERENT PEOPLE PARTICIPATED IN THIS PROGRAM. 2455618 0 0 0 1 0 0 0 0 0 1 0 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X JAGRTI KUMAN 6178227321 150 MOUNT VERNON STREET BOSTON MA 02125 X NICOLE SMITH PRESIDENT-OFFICER 5.00 X X 0 0 0 BRIAN READY VICE PRESIDENT-OFFICER 5.00 X X 0 0 0 BONNIE BURGESS TREASURER-OFFICER 5.00 X X 0 0 0 HELEN MATHISON SECRETARY-OFFICER 5.00 X X 0 0 0 LISA HUNT INDIVIDUAL TRUSTEE OR DIRE 5.00 X 0 0 0 AIN TUCKER INDIVIDUAL TRUSTEE OR DIRE 5.00 X 0 0 0 JUANITA JONES INDIVIDUAL TRUSTEE OR DIRE 5.00 X 0 0 0 KATE DENSON INDIVIDUAL TRUSTEE OR DIRE 5.00 X 0 0 0 HERLAND ROSEMOND INDIVIDUAL TRUSTEE OR DIRE 5.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 1899269 1899269 OTHER INCOME 531110 37679 37679 1936948 76835 76835 2013783 1936948 0 76835 62560 62560 71173 71173 8566 8566 362 362 101516 101516 57560 57560 512769 512769 REPAIRS AND MAINTENANCE 1266953 1266953 CONTRACT SALARIES 396263 396263 EDUCATION SERVICE PROGR 149029 149029 ADMINISTRATIVE EXPENSES 103350 103350 1509 1509 2731610 2455618 275992 0 65939 27888 2005169 2047375 65041 88311 79745 16746 7218415 2719642 4587586 4498773 3340636 2708242 10144116 9387335 0 23392 22360 47322 273582 328927 295942 399641 X 9848174 8987694 9848174 8987694 10144116 9387335 X -717827 -123265 -19388 X 0 0 0 1 1 0 526035 230142 295893 5213030 1196293 4016737 1479350 1293207 186143 4498773 SECURITY DEPOSITS 483971 REPLACEMENT RESERVE 934513 CONSTRUCTION IN PROGRESS 373350 RESTRICTED CASH 911530 SECURITY DEPOSITS OPERATIONS 4878 2708242 ACCRUED EXPENSES 328927 328927 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS MANAGED BY A THIRD PARTY MANAGEMENT COMPANY HIRED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 6 WHEN BUYING INTO THE COOPERATIVE, AN INDIVIDUAL ACQUIRES A COOPERATIVE INTEREST EVIDENCED BY A MEMBERSHIP CERTIFICATE AND A POSSESSORY INTEREST IN A SPECIFIC UNIT, AS EVIDENCED BY A PROPRIETARY LEASE. THE INDIVIDUAL IS THEN A COOPERATIVE MEMBER ("MEMBER") WITH ONE VOTE IN THE COOPERATIVE. THE PURCHASE PRICE FOR A UNIT CONSISTS OF AN INITIAL PAYMENT ("PURCHASE PAYMENT"). THE PURCHASE PAYMENT IS 5% OF THE MEMBER'S IMPUTED AREA MEDIAN INCOME DETERMINED IN ACCORDANCE WITH THE REGULATORY AND OPERATING AGREEMENT, ADJUSTED FOR SIZE OF THE UNIT AND THE INCOME OF THE MEMBER. THIS INITIAL PAYMENT IS HELD IN AN ESCROW ACCOUNT (THE "SHARE TRANSFER ACCOUNT"). THE MEMBER IS REQUIRED TO PAY MONTHLY CARRYING CHARGES BASED ON 30% OF THE MEMBER'S AREA MEDIAN INCOME. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS-THE AFFAIRS OF THE COOPERATIVE SHALL BE GOVERNED BY A BOARD OF DIRECTORS COMPOSED OF AT LEAST FIVE PERSONS AND NO MORE THAN NINE, ALL OF WHOM SHALL BE AT LEAST EIGHTEEN YEARS OLD AND MEMBERS OF THE COOPERATIVE. IN NO CASE MAY MORE THAN ONE PERSON PER HOUSEHOLD SERVE ON THE BOARD OF DIRECTORS AT THE SAME TIME. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS SHALL HAVE ALL THE POWERS AND DUTIES NECESSARY FOR THE PROPER ADMINISTRATION OF AFFAIRS OF THE COOPERATIVE, SUBJECT TO THE OVERSIGHT OF DCHA AND THE NEW COMMUNITY TRUST PURSUANT TO THE R&O AGREEMENT, AND MAY DO ALL SUCH ACTS AND THINGS AS ARE NOT PROHIBITED BY APPLICABLE LAW, THE R&O AGREEMENT, OR THE BYLASW AND AS ARE NOT BY LAW OR THE BYLAWS DIRECTED TO BE EXERCISED AND DONE BY THE MEMBERS OR COMMITTEES. MEMBERS OF THE BOARD OF DIRECTORS SHALL STAND IN A FIDUCIARY RELATIONSHIP TO THE COOPERATIVE AND SHALL PERFORM THEIR DUTIES IN A MANNER THEY REASONABLY BELIEVE TO BE IN THE BEST INTEREST OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B DRAFT SENT TO MANAGEMENT COMPANY FOR REVIEW AND TIE OUT OF FINANCIAL INFORMATION FOR ACCURACY. ADDITIONALLY, DRAFT SENT TO COOPERATIVE BOARD FOR REVIEW OF FINANCIAL INFORMATION FOR RELIABILITY. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS ARE REQUIRED TO SIGN THE CODE OF CONDUCT POLICY, WHICH HAS BEEN APPROVED BY THE CURRENT BOARD AND IS IN EFFECT. THAT POLICY INCLUDES A CLAUSE ON CONFLICT OF INTEREST FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. FORM 990, PART XI, LINE 9: TENURE CREDIT ACTIVITY -52,175. CHANGE IN SHARE PRICE DEPOSITS 32,787. FORM 990, PART IV, LINE 12A: AS OF THE DATE OF FILING THE AUDIT HAS NOT YET BEEN COMPLETED. FORM 990 HAS BEEN PREPARED BASED ON THE BEST INFORMATION AVAILABLE. SHOULD INFORMATION SUBSTANTIALLY CHANGE UPON COMPLETION OF THE AUDIT, APPROPRIATE ACTION WILL BE TAKEN. DOCUMENT RETENTION AND DESTRUCTION, PART VI, SECTION B, LINE 14 DOCUMENT RETENTION AND DESTRUCTION POLICIES ARE THOSE MAINTAINED BY OUR MANAGEMENT COMPANY.