2024-02-28T16:48:59-06:00 2023-06-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990EZ 2022-07-01 942833526 PRIME HOUSING INC DBA PONDEROSA PLAZA C/O THE GUIDANCE CENTER PRIM 6029970013 2187 NORTH VICKEY STREET FLAGSTAFF AZ 86004 DEVON FORREST PRESIDENT 6029970013 2024-02-28 1 DEVON FORREST 999009999 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2024-02-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X N/A X X 140959 X 140937 22 931 -931 140028 23341 21013 96145 140499 -471 258718 0 258247 X 4071 1100 293324 280632 99348 79554 396743 361286 138025 103039 258718 258247 X LOW-INCOME HOUSING PRIME HOUSING, INC., DBA PONDEROSA PLAZA APARTMENTS (THE PROJECT) WAS ORGANIZED IN MAY OF 1985 BY PRIME HOUSING. INC., A NON-PROFIT CORPORATION INCORPORATED IN THE STATE OF ARIZONA. THE PROJECT OPERATES A 14-UNIT MULTIFAMILY HOUSING COMPLEX IN FLAGSTAFF, ARIZONA. THE PROJECT PROVIDES AFFORDABLE HOUSING FOR THE CHRONICALLY MENTALLY ILL, USING FUNDS GRANTED BY THE U.S. DEPARTMENT OF HUD UNDER SECTIONS 8 AND 202 OF THE NATIONAL HOUSING ACT.FOR THE PROGRAM YEAR 2022-2023 THE PROJECT REMAINED FULL, HOUSING 15 SUBSIDIZED OCCUPANTS. THERE ARE ALSO TWO CONVENTIONAL UNITS. THIS PROJECT SERVED HOMELESS CLIENTS WHO WERE ALSO CHRONICALLY MENTALLY ILL. ONE OF THE KEY SERVICES WAS TO IMPROVE BEHAVIORAL HEALTH SERVICES FOR THE PEOPLE LIVING IN THIS PROJECT. THE GUIDANCE CENTER INC. HELPED TO PROVIDE MENTAL AND BEHAVIORAL HEALTH SERVICES FOR THE RESIDENTS LIVING IN PONDEROSA PLAZA APARTMENTS. 0 113089 113089 DEVON FORREST PRESIDENT 1.00 0 0 0 TREVER DAVIS SECRETARY 1.00 0 0 0 SATCHEL ALVARADO TREASURER 2.00 0 0 0 CORY RUNGE DIRECTOR 1.00 0 0 0 JONATHAN RHEINS DIRECTOR (THRU 4/2023) 1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BILTMORE PROP - NANCY BILLS 2330 W MISSION LANE 10 PHOENIX AZ 85021 6029970013 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 131571 135591 141748 141518 140937 691365 131571 135591 141748 141518 140937 691365 0 60619 66180 66799 66206 68771 328575 60619 66180 66799 66206 68771 328575 362790 13 11 4 5 22 55 13 11 4 5 22 55 131584 135602 141752 141523 140959 691420 0.52470 0.54180 0.00010 0.00010 X FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS. AMOUNT: FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: DEPRECIATION. AMOUNT: 19,048. DESCRIPTION: MANAGEMENT FEE. AMOUNT: 7,056. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 8,906. DESCRIPTION: REIMBURSED LABOR COSTS. AMOUNT: 21,509. DESCRIPTION: INTEREST. AMOUNT: 8,237. DESCRIPTION: INSURANCE. AMOUNT: 2,582. DESCRIPTION: MISCELLANEOUS. AMOUNT: 2,620. DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 25,891. DESCRIPTION: TAXES, LICENSES & FEES. AMOUNT: 296. TOTAL TO FORM 990-EZ, LINE 16: 96,145. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 3,600. END OF YEAR AMOUNT: 11,827. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,250. END OF YEAR AMOUNT: 1,366. DESCRIPTION: FUNDED RESERVES. BEG. OF YEAR AMOUNT: 31,008. END OF YEAR AMOUNT: 21,300. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 5,111. END OF YEAR AMOUNT: 7,614. DESCRIPTION: RESIDUAL RECEIPTS. BEG. OF YEAR AMOUNT: 3,004. END OF YEAR AMOUNT: 3,006. DESCRIPTION: INSURANCE ESCROW. BEG. OF YEAR AMOUNT: 31,019. END OF YEAR AMOUNT: 1,523. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 24,356. END OF YEAR AMOUNT: 32,918. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 32,409. END OF YEAR AMOUNT: 20,966. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 3,119. END OF YEAR AMOUNT: 3,169. DESCRIPTION: MORTGAGE NOTE PAYABLE. BEG. OF YEAR AMOUNT: 102,147. END OF YEAR AMOUNT: 77,622. DESCRIPTION: PREPAID REVENUES. BEG. OF YEAR AMOUNT: 350. END OF YEAR AMOUNT: 1,282.