2024-11-12T10:10:54-06:00 2023-12-31 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-01-01 061088834 TUSCAN BROTHERHOOD HOMES II TUSC 8605270659 49 MONTVILLE ST HARTFORD CT 06120 JOSEPH JENNINGS PRESIDENT 8603800886 2024-11-04 1 1 JOLANTA TUCK CPA P01340068 9592007000 2024-10-31 2023 2024-10-15 13:58:12Z JOSEPH JENNINGS 49 MONTVILLE ST HARTFORD CT 06120 2161729 0 X N/A X 1984 CT LOW INCOME AFFORDABLE HOUSING USING HUD RESOURCES 4 4 6 4 0 0 1041189 1420550 620004 670636 21639 15632 2344 1141 1685176 2107959 0 0 0 0 280818 257000 0 0 0 1504743 1667006 1785561 1924006 -100385 183953 2742819 3061812 3936124 4047790 -1193305 -985978 TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME ELDERLY INDIVIDUALS 0 0 1742598 671777 PROVIDE ELDERLY PERSONS AND ELDERLY PERSONS WHO ARE HANDICAPPED PERSONS WITH HOUSING FACILITIES & SERVICES SPECIALLY DESIGNED OT MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS, & TO PROMORE THEIR HEALTH, SECURITY, HAPPINESS & USEFULNESS IN LONGER LIVING. 1742598 1 1 0 0 0 0 0 0 1 0 1 1 0 1 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 1 8 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X KIMALEE WILLIAMS CO FAITH ASSET MANAGEMENT 8605285000 50 FOUNDERS PLAZA EAST HARTFORD CT 06108 X CHARLES TEALE DIRECTOR 1.00 X 0 0 0 JOSEPH JENNINGS PRESIDENT 1.00 X X 0 0 0 POLEAN WARE DIRECTOR 1.00 X 0 0 0 WILLIAM SMITH VICE PRESIDENT 1.00 X X 0 0 0 0 0 0 0 0 0 0 FAITH ASSET MANAGEMENT LLC 50 FOUNDERS PLAZA SUITE 200 EAST HARTFORD CT 06108 PROPERTY MANAGEMENT 152008 1 1420550 1420550 RENTAL INCOME 532000 670636 670636 670636 7402 7402 62000 53770 8230 8230 8230 1141 1141 1141 2107959 671777 0 15632 227056 227056 10889 10889 19055 19055 152008 152008 5467 5467 26880 26880 2035 2035 66327 66327 146 146 752061 752061 160684 160684 REPAIRS & MAINTENANCE 495159 495159 BAD DEBTS 3469 3469 TUSCON LODGE RENT EXPEN 2520 2520 FINANCIAL EXPENSES 250 250 1924006 1742598 181408 0 22614 3381 181070 137640 63904 464144 277039 258785 8665865 7031499 1722798 1634366 261724 247503 213670 315993 2742819 3061812 218136 416682 17783 20773 56441 59316 3643764 3551019 3936124 4047790 X -1193305 -985978 -1193305 -985978 2742819 3061812 183953 23374 0 X 0 1 X 1 1 1 X 939942 1000072 1094749 1041189 1420550 5496502 673939 655942 642859 620004 670636 3263380 1613881 1656014 1737608 1661193 2091186 8759882 0 0 0 8759882 12888 17018 15117 7795 7402 60220 12888 17018 15117 7795 7402 60220 23023 42469 2344 1141 68977 1626769 1696055 1795194 1671332 2099729 8889079 0.98550 0.98370 0.00680 0.00820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 23,023. 2021 AMOUNT: $ 42,469. 2022 AMOUNT: $ 2,344. 2023 AMOUNT: $ 1,141. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 300319 300319 7293939 6056506 1237433 1071607 974993 96614 1634366 INVESTMENTS 247503 C 247503 ESCROW DEPOSIT 168540 MISCELLANEOUS OTHER ASSETS 147453 315993 X 2131333 23374 23374 2107959 0 2107959 1924006 0 1924006 0 1924006 PART IV, LINE 2B: TENANT SECURITY DEPOSITS ARE HELD IN TRUST UNTIL MOVE-OUT OR FORFEITURE PART X, LINE 2: THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGES A REAL ESTATE PROPERTY MANAGEMENT COMPANY TO MANAGE THE PHYSICAL PROPERTY AND TO PERFORM BOOKKEEPING SERVICES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE MANAGEMENT AGENT PRIOR TO PRESENTATION TO TREASURER FOR SIGNATURE. ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE TAX RETURN. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST