2024-05-14T11:31:28-05:00 2023-06-30 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2022-07-01 274149384 MIDLANDS HOUSING TRUST FUND MIDL 8037643976 1201 MAIN STREET 1480 COLUMBIA SC 29201 JEFFREY ALLEN CHAIR 8037643976 2024-05-14 1 JEFFREY ALLEN XXX-XX-XXXX 0 SHELLIE S JOHNSON P00294226 8037718943 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JEFFREY ALLEN 1201 MAIN STREET 1480 COLUMBIA SC 29201 821169 0 X WWW.MIDLANDSHOUSING.ORG X 2010 SC THE ORGANIZATION WILL CREATE AND PRESERVE THE STOCK OF AFFORDABLE HOUSING IN THE CENTRAL MIDLANDS 8 7 1 0 0 0 629838 484128 63622 79067 1878 58295 1807 0 697145 621490 0 0 0 0 64844 65086 0 0 8163 92079 117235 156923 182321 540222 439169 2506175 2991708 799300 845664 1706875 2146044 X THE ORGANIZATION WILL CREATE AND PRESERVE THE STOCK OF AFFORDABLE HOUSING IN THE CENTRAL MIDLANDS REGION OF SOUTH CAROLINA THROUGH FINANCING AND TECHNICAL ASSISTANCE OF AFFORDABLE HOUSING PROJECTS. THE ORGANIZATION IS A REGIONAL HOUSING TRUST FUND WITH THE FUNCTIONS AND DUTIES IN KEEPING WITH THE REQUIREMENTS OF THE WILLIAM C MESCHER LOCAL HOUSING TRUST FUND ACT. THE ORGANIZATION FOCUSES ON PROJECTS SERVING LOW TO MODERATE INCOME HOUSEHOLDS WHO STRUGGLE TO SECURE HOUSING INCLUDING PEOPLE WHO WORK AT LOW WAGE JOBS, PEOPLE WITH DISABILITIES AND OTHER SPECIAL NEEDS. IN ADDITION, ON AUGUST 15, 2016, THE FUND WAS CERTIFIED BY THE US DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). 0 0 113668 79067 THE ORGANIZATION WILL CREATE AND PRESERVE THE STOCK OF AFFORDABLE HOUSING IN THE CENTRAL MIDLANDS REGION OF SOUTH CAROLINA THROUGH FINANCING AND TECHNICAL ASSISTANCE OF AFFORDABLE HOUSING PROJECTS. THE ORGANIZATION IS A REGIONAL HOUSING TRUST FUND WITH THE FUNCTIONS AND DUTIES IN KEEPING WITH THE REQUIREMENTS OF THE WILLIAM C MESCHER LOCAL HOUSING TRUST FUND ACT. THE ORGANIZATION FOCUSES ON PROJECTS SERVING LOW TO MODERATE INCOME HOUSEHOLDS WHO STRUGGLE TO SECURE HOUSING INCLUDING PEOPLE WHO WORK AT LOW WAGE JOBS, PEOPLE WITH DISABILITIES AND OTHER SPECIAL NEEDS. IN ADDITION, ON AUGUST 15, 2016, THE FUND WAS CERTIFIED BY THE US DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). 113668 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 4 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 SC X X ALICE EDDINGS 8037643976 1201 MAIN STREET STE 1480 COLUMBIA SC 29201 JEFFREY ALLEN CHAIR 3.00 X X 0 0 0 PEYTON BRYANT VICE-CHAIR 2.00 X X 0 0 0 AMANDA KOEHLER TREASURER 2.00 X X 0 0 0 JAMIE DEVINE SECRETARY 1.00 X X 0 0 0 ELLIS BLEAKLEY MEMBER 0.50 X 0 0 0 TOMMY HARRIS MEMBER 0.50 X 0 0 0 JOHN MCLEAN MEMBER 0.50 X 0 0 0 KYLE MICHEL MEMBER 1.00 X 0 0 0 JEFFREY LARIMORE EXECUTIVE DIRECTOR 25.00 X 52920 0 0 52920 0 0 0 0 0 0 0 481863 2265 484128 MORTGAGE INTEREST INCO 900099 75367 75367 LOAN ORIGINATION FEE I 900099 3700 3700 79067 12974 12974 245000 199679 45321 45321 45321 621490 79067 0 58295 X 60452 45339 12090 3023 4634 3475 927 232 1737 1303 347 87 49425 10029 37646 1750 10591 7943 2118 530 237 178 47 12 13524 13524 1000 1000 2239 1679 448 112 TECHNOLOGY 11146 8360 2229 557 LOAN LOSS RESERVE 10848 10848 COMMUNICATION 9789 7342 1958 489 OTHER EXPENSE 1641 501 1140 5058 3147 1680 231 182321 113668 60490 8163 1287614 1216971 0 278200 0 1042 1058204 1421718 13941 7221 2000 6720 158357 67057 2506175 2991708 3216 3012 481863 278200 0 57278 314221 507174 799300 845664 X 1706875 2146044 1706875 2146044 2506175 2991708 439169 0 X X 0 1 X 1 0 X 84471 166145 101382 629838 484128 1465964 84471 166145 101382 629838 484128 1465964 3409 1462555 1899 714 604 3685 12974 19876 1485840 455961 0.98430 0.90790 X 13941 7221 6720 6720 NOTES PAYABLE 507174 507174 X 621490 0 621490 0 621490 182321 0 182321 0 182321 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. HOWEVER, THE ORGANIZATION MAY BE SUBJECT TO INCOME TAXES FOR CERTAIN UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. AS A RESULT, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AT JUNE 30, 2023 AND 2022. PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. HOWEVER, THE ORGANIZATION MAY BE SUBJECT TO INCOME TAXES FOR CERTAIN UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. AS A RESULT, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AT JUNE 30, 2023 AND 2022. THE FUND IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS BY THE TAX AUTHORITIES WHERE THE FUND FILED RETURNS FOR FISCAL YEARS BEFORE 2018. JAMIE DEVINE JAMIE DEVINE IS A BOARD MEMBER OF THE FUND 210077 JAMIE DEVINE IS ALSO THE CHIEF EXECUTIVE OFFICER OF A COMPANY, COMMUNITY ASSISTANCE PROVIDERS. LOANS WERE MADE FROM MIDLANDS HOUSING TRUST FUND TO COMMUNITY ASSISTANCE PROVIDER WITH AN ORIGINAL PRINCIPAL BALANCE OF $316,00 AND A REMAINING BALANCE OF $210,077. BOARD MEMBER RECUSED HIMSELF FROM ALL MEETINGS AT WHICH THESE TRANSACTIONS WERE UNDER CONSIDERATION OR BEING VOTED ON. 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CURRENT EXECUTIVE DIRECTOR, JEFF LARIMORE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THE POLICY DEFINES AN INTERESTED PERSON, FINANCIAL INTEREST, AND DUTY TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST ARE DEFINED AS WELL AS PROCEDURES FOR RECORDING PROCEEDINGS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 8,750. MANAGEMENT AND GENERAL EXPENSES 7,000. FUNDRAISING EXPENSES 1,750. TOTAL EXPENSES 17,500. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,279. MANAGEMENT AND GENERAL EXPENSES 30,646. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,925. FORM 990, PART XII, ITEM 2(C) OVERSIGHT OF THE AUDIT IS COMPLETED BY THE EXECUTIVE DIRECTOR AND THE BOARD'S TREASURER. SELECTION OF THE INDEPENDENT ACCOUNTANTS IS VOTED UPON BY THE BOARD OF DIRECTORS.