2024-05-06T14:18:26-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2022-07-01 860398385 FLAGSTAFF HOUSING CORPORATION - CLARK HOMES FLAG 9285260002 3481 NORTH FANNING DR PO BOX 2098 FLAGSTAFF AZ 86004 LEAH BLOOM PRESIDENT 9285260002 2024-04-26 1 LEAH BLOOM XXX-XX-XXXX 1 CHAD D KUNZE CPA P00639380 6305738600 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEAH BLOOM 3481 NORTH FANNING DR PO BOX 2098 FLAGSTAFF AZ 86004 1432320 0 X N/A X 1982 AZ ASSIST LOW-INCOME INDIVIDUALS & FAMILIES IN OBTAINING DECENT, SAFE & SANITARY HOUSING THROUGH A SYSTEM OF RENTAL SUBSIDIES. 6 6 0 5 0 0 1026729 1021618 360092 410339 186 363 0 0 1387007 1432320 0 0 0 0 253917 221012 0 0 0 680928 939372 934845 1160384 452162 271936 2663459 2650849 677148 392602 1986311 2258247 THE PROJECT'S MISSION IS TO ASSIST LOW-INCOME INDIVIDUALS AND FAMILIES IN OBTAINING DECENT, SAFE AND SANITARY HOUSING THROUGH A SYSTEM OF RENTAL SUBSIDIES. 0 0 803349 410339 PROVIDE RENTAL UNITS TO QUALIFIED LOW-INCOME INDIVIDUALS AND FAMILIES THAT ARE ELIGIBLE FOR RENTAL ASSISTANCE UNDER HUD'S SECTION 8 HOUSING PROGRAM. 803349 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 X 2 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 0 0 0 1 1 1 0 1 1 0 0 0 X FLAGSTAFF HOUSING AUTHORITY - KURT ALDINGER 9282132736 3481 NORTH FANNING DRIVE FLAGSTAFF AZ 86004 X LEAH BLOOM PRESIDENT 1.00 X X 0 0 0 JALALIEH MARIAN VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL GOUHIN SECRETARY 1.00 X X 0 0 0 BRUCE KENNEDY SECRETARY (THRU 07/22) 1.00 X X 0 0 0 CHRIS BAVASI DIRECTOR 1.00 X 0 0 0 DOROTHY STASKEY DIRECTOR 1.00 X 0 0 0 VIRGINIA MOUNTS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1021618 1021618 TENANT RENT 531110 410339 410339 410339 363 363 1432320 410339 0 363 164243 40861 123382 56769 56769 42127 42127 622 622 22736 22736 82399 82399 109066 109066 12862 12862 33137 33137 245614 245614 26742 26742 SUPPLIES & REPAIRS 347929 347929 BAD DEBT 16138 16138 1160384 803349 357035 0 155230 152480 6804 4565 6008 5508 7639 8535 6395100 4997772 1571228 1397328 916550 1082433 2663459 2650849 55318 38885 4873 5162 531128 275488 85829 73067 677148 392602 X 1986311 2258247 1986311 2258247 2663459 2650849 271936 0 X 0 1 X 1 1 1 X 865304 1007559 1026587 1026729 1021618 4947797 274306 347755 309000 360092 410339 1701492 1139610 1355314 1335587 1386821 1431957 6649289 0 6234 6234 6234 6234 6643055 252 251 193 186 363 1245 252 251 193 186 363 1245 1139862 1355565 1335780 1387007 1432320 6650534 0.99890 0.99980 0.00020 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117903 117903 5780311 4590043 1190268 435754 346597 89157 61132 61132 0 1397328 ESCROW DEPOSITS 20945 RESERVE FOR REPLACEMENT AND RESIDUAL RECEIPTS 1031795 TENANT SECURITY DEPOSITS 29693 1082433 TENANT SECURITY DEPOSITS 23561 ACCRUED VACATION & SICK LEAVE BENEFITS 8989 ACCRUED POST-EMPLOYMENT BENEFITS 40517 73067 X 1432320 0 1432320 0 1432320 1160384 0 1160384 0 1160384 PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE PROJECT IS A NONPROFIT CORPORATION AND, THEREFORE, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE PROJECT IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE PROJECT QUALIFY AS A CHARITABLE DEDUCTION BY THE CONTRIBUTOR. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES IN ACCORDANCE WITH PRESCRIBED STATUTES. THE PROJECT HAS NOT BEEN EXAMINED FOR ANY OPEN YEARS. THE PROJECT DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. FORM 990, PART V, LINE 2A THERE ARE NO EMPLOYEES AT FLAGSTAFF HOUSING CORPORATION. THE CITY OF FLAGSTAFF PROCESSES THE PAYROLL AND THEN INVOICES THE ENTITY SO THEREFORE, NO FEDERAL EMPLOYMENT TAX RETURNS ARE FILED BY FLAGSTAFF HOUSING CORPORATION. THESE INVOICED COSTS ARE SHOWN AS SALARIES AND BENEFITS ON THE FUNCTIONAL EXPENSE SCHEDULE, PART IX OF THE FORM 990. FORM 990, PART VI, SECTION A, LINE 3 THE FLAGSTAFF HOUSING AUTHORITY HANDLES ALL OF THE BOOKKEEPING AND MANAGEMENT OF THE ENTITY. MANAGEMENT FEES ARE CALCULATED AS A PERCENTAGE OF RESIDENTIAL INCOME AND ARE PAID IN ACCORDANCE WITH THE REQUIREMENTS IN CHAPTER 3 OF HUD HANDBOOK 4381.5 REV-2 AND THE MANAGEMENT CERTIFICATION WITH HUD. THE MANAGEMENT FEE IS 3.00% OF RESIDENTIAL INCOME. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.