2024-10-23T16:16:25-05:00 2023-12-31 991781118 EAG AFFORDABLE HOUSING LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2023-01-01 201535531 HEGEMON CREST SENIOR HOUSING INC HEGE 6144372518 2399 MOCK ROAD COLUMBUS OH 43219 DARRELL A FRANCIS TREASURER 6144372518 2024-10-21 1 0 TODD FENTRESS P01242481 6145281440 2024-10-18 2023 2024-10-15 13:58:12Z DARRELL A FRANCIS 2399 MOCK ROAD COLUMBUS OH 43219 425694 0 X N/A X 2004 OH TO PROVIDE AFFORDABLE ACCESSIBLE HOUSING TO THE ELDERLY AND HANDICAPPED PERSONS. 6 6 0 6 0 0 230962 247437 155684 164608 340 9128 549 4521 387535 425694 0 0 0 0 0 0 0 0 0 608277 597746 608277 597746 -220742 -172052 2612620 2527405 3678772 3765609 -1066152 -1238204 TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 0 0 567703 169129 PROVIDE HOUSING FOR ELDERLY AND LOW-INCOME INDIVIDUALS WITH MOBILITY DISABILITIES. OPERATE A 46-UNIT APARTMENT COMPLEX UNDER SEC 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. PROVIDE SUPPORTIVE SERVICES TO LOW-INCOME SENIOR CITIZENS. 567703 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 OH X DARRELL FRANCIS 6144372518 2399 MOCK ROAD COLUMBUS OH 43219 X DR EDGAR POSEY CHAIRMAN 2.00 0.00 X X 0 0 0 DARRELL FRANCIS TREASURER 2.00 0.00 X X 0 0 0 RHONDA SMITH SECRETARY 2.00 0.00 X X 0 0 0 GAIL WHALEN ASSISTANT TREASURER 2.00 0.00 X X 0 0 0 SHERYL BOYD MEMBER 0.00 0.00 X 0 0 0 VELMA VALENTINE MEMBER 0.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 247437 247437 RENTAL INCOME 531110 164608 164608 164608 9128 9128 TENANT CHARGES 531110 2720 2720 MISCELLANEOUS REVENUE 531110 1143 1143 LAUNDRY AND VENDING 531110 658 658 4521 425694 169129 0 9128 30043 30043 945 945 1313 1313 18150 18150 140473 140473 2273 2273 5553 5553 85486 85486 17882 17882 CONTRACTED SERVICES 160883 160883 REPAIRS & MAINTENANCE 103214 103214 MISCELLANEOUS ADMINISTR 27028 27028 BAD DEBT EXPENSE 4503 4503 597746 567703 30043 0 4473 11694 3585 593 9408 8141 3497743 1385832 2197397 2111911 397757 395066 2612620 2527405 97664 178031 359 1 3350300 3350300 230449 237277 3678772 3765609 X -1066152 -1238204 -1066152 -1238204 2612620 2527405 -172052 0 X X 0 1 X 1 1 1 X 259111 249201 241503 230962 247437 1228214 259111 249201 241503 230962 247437 1228214 1228214 350 243 30 340 9128 10091 6945 4817 4598 2371 18731 1257036 929196 0.97710 0.94290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105000 105000 3374644 1378018 1996626 1310 1310 0 16789 6504 10285 2111911 TENANT DEPOSITS 11500 ESCROW DEPOSITS 26904 RESERVE FOR REPLACEMENT 119120 RESIDUAL RECEIPTS RESERVE 237542 395066 TENANT DEPOSITS HELD IN TRUST 11235 RESIDUAL RECEIPTS LIABILITY 226042 237277 X 425694 0 425694 0 425694 597746 0 597746 0 597746 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 TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION HAS ENTERED INTO AN AGREEMENT WITH WALLICK PROPERTIES MIDWEST, LLC TO MANAGE THE RENTAL, PAYROLL, AND ADMINISTRATIVE SERVICES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B COPY OF THE DRAFT RETURN IS PROVIDED TO SELECT MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW AND COMMENTING PRIOR TO FILING. A FULL COPY OF THE 990 IS PROVIDED TO THE BOARD VIA E-MAIL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE AUDIT OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.