2024-10-02T13:29:58-05:00 2023-12-31 450250958 EIDE BAILLY LLP 5 TRIAD CENTER STE 600 SALE LAKE CITY UT 841801106 990 2023-01-01 270173489 UTAH CENTER FOR AFFORDABLE HOUSING UTAH 8013169118 6880 S 700 W OFFICE 102 MIDVALE UT 84047 ELI WILLIS CHIEF FINANCIAL OFFICER 8013169118 2024-10-01 1 0 KYLE FRITCH CPA P01313374 8015322200 2024-10-01 2023 2024-10-15 13:58:12Z DANIEL ADAMS 6880 S 700 W OFFICE 102 MIDVALE UT 84047 714972 0 X WWW.UTCNS.COM/UCAH X 2009 UT STABILIZE NEIGHBORHOODS AND INCREASE AFFORDABLE HOUSING THROUGH COLLABORTION WITH ORGANIZAITONS. 13 13 0 15 0 0 0 0 409694 550932 69835 164040 0 0 479529 714972 11504 0 0 0 144286 0 0 0 0 244921 679544 400711 679544 78818 35428 17071350 16683587 436609 86134 16634741 16597453 X UTAH CENTER FOR AFFORDABLE HOUSING ACQUIRES DISCOUNTED PROPERTIES FROM FINANCIAL INSTITUTIONS AND SELLS THEM TO AFFORDABLE HOUSING NON-PROFIT ORGANIZATIONS WHO SERVE LOWER INCOME POPULATIONS. THIS PROCESS SHOULD SERVE TO DECREASE THE NUMBER OF FORECLOSED PROPERTIES ON THE MARKET, STABILIZE NEIGHBORHOODS, AND PROVIDE AFFORDABLE HOUSING UNITS TO LOWER INCOME FAMILIES. 0 0 514993 495103 UTAH CENTER FOR AFFORDABLE HOUSING (UCAH) WAS ESTABLISHED IN 2009 WITH A MISSION TO PRESERVE AND INCREASE AFFORDABLE HOUSING BY PARTNERING WITH AFFORDABLE HOUSING PROVIDERS, FUNDING SOURCES, FINANCIAL INSTITUTIONS AND ALSO BY OWNING AND MANAGING SINGLE AND MULTIFAMILY HOUSING UNITS. 55829 UCAH PROVIDES LOW INTEREST LOANS TO HOUSING AUTHORITIES IN THE STATE OF UTAH WHO OFFER LOW INTEREST RATE LOANS TO QUALIFIED BUYERS/TENANTS PROVIDING THESE INDIVIDUALS AND FAMILIES THE OPPORTUNITY TO PURCHASE AFFORDABLE HOUSING. 514993 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 UT X DANIEL ADAMS 8013169118 6880 S 700 W OFFICE 102 MIDVALE UT 84047 DANIEL ADAMS EXECUTIVE DIRECTOR 13.33 26.67 X 0 241618 32668 AMY THORNTON CHIEF OPERATING OFFICER 13.33 26.67 X 0 159970 27453 PHILLIP MEEKS CHAIRMAN 1.00 2.00 X X 0 0 0 KIMBERLY CHYTRAUS VICE CHAIRMAN 1.00 2.00 X X 0 0 0 TODD BOREN TREASURER 1.00 2.00 X X 0 0 0 KISTY MORRIS FORMER CHAIRMAN 1.00 2.00 X X 0 0 0 TOM CHIRSTOPULOS DIRECTOR 1.00 2.00 X 0 0 0 LEE DIAL DIRECTOR 1.00 2.00 X 0 0 0 HOWARD HEADLEE DIRECTOR (THRU 9/23) 1.00 2.00 X 0 0 0 MISSY KEY DIRECTOR 1.00 2.00 X 0 0 0 HEIDI MILLER DIRECTOR (THRU 9/23) 1.00 2.00 X 0 0 0 CLAUDIA O'GRADY DIRECTOR 1.00 2.00 X 0 0 0 JAKE ANDEREGG DIRECTOR (FROM 9/23) 1.00 2.00 X 0 0 0 STEPHEN NELSON DIRECTOR (FROM 9/23) 1.00 2.00 X 0 0 0 DANNY SHIN DIRECTOR (FROM 9/23) 1.00 2.00 X 0 0 0 SHARLENE WILDE DIRECTOR (FROM 9/23) 1.00 2.00 X 0 0 0 JAKE WOOD DIRECTOR (FROM 9/23) 1.00 2.00 X 0 0 0 SCOTT SIMPSON DIRECTOR (THRU 9/23) 1.00 2.00 X 0 0 0 DAVID BROWN EMERITUS BOARD MEMBER 1.00 2.00 X 0 0 0 ELI WILLIS CHIEF FINANCIAL OFFICER 13.33 26.67 X 0 0 0 0 401588 60121 0 0 1 0 0 RENTAL INCOME 900099 495103 495103 INTEREST INCOME FROM L 900099 51597 51597 LOAN ADMINISTRATION FE 900099 4232 4232 550932 164040 164040 714972 550932 0 164040 35444 35444 51950 10864 41086 6085 1588 4497 141427 138224 3203 4164 3341 823 133362 133362 9669 5813 3856 REIMBURSED PERSONNEL EX 185565 97394 88171 PROPERTY TAXES 42806 42806 REPAIRS & MAINTENANCE 40395 40395 UTILITIES AND TRASH REM 2156 2156 26521 3606 22915 679544 514993 164551 0 382175 461726 12164 9832 9048918 8869898 6742 7771 4125655 892603 1353562 3233052 6267789 4101308 17071350 16683587 42692 54931 1207 393917 29996 436609 86134 X 10443942 10442575 6190799 6154878 16634741 16597453 17071350 16683587 35428 -72716 0 X 0 1 X 1 0 X 1026004 944017 457091 493241 550932 3471285 1026004 944017 457091 493241 550932 3471285 0 0 0 3471285 42069 7509 2762 74342 164040 290722 42069 7509 2762 74342 164040 290722 1068073 951526 459853 567583 714972 3762007 0.92270 0.96490 0.07730 0.03510 X 587350 587350 3538305 892603 2645702 3233052 ADVANCES TO AFFILIATED NONPROFIT ORGANIZATIONS 4101308 4101308 SECURITY DEPOSITS LIABILITY 29996 29996 X 642256 -72716 -72716 714972 0 714972 679544 0 679544 0 679544 PART X, LINE 2: UCAH BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. UCAH WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 1 X X X X X 0 0 0 0 0 0 0 0 0 DANIEL ADAMS EXECUTIVE DIRECTOR 0 213668 0 27950 0 0 0 6744 0 26371 0 274733 0 0 AMY THORNTON CHIEF OPERATING OFFICER 0 124970 0 35000 0 0 0 4134 0 23766 0 187870 0 0 PART I, LINE 3 THE COMPENSATION OF THE EXECUTIVE DIRECTOR, CHIEF OPERATING OFFICER, AND CHIEF FINANCIAL OFFICER IS DETERMINED BY A RELATED ORGANIZATION, AFFORDA, FORMERLY KNOWN AS THE UTAH CENTER FOR NEIGHBORHOOD STABILIZATION. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR AFFORDA SERVES AS THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE PERFORMS AN ANNUAL COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR THROUGH AN ANNUAL MARKET ANALYSIS WHICH INCLUDES REVIEW OF COMPARABILITY DATA, TO DETERMINE COMPENSATION AMOUNTS. THE SAME PROCESS USED BY THE COMPENSATION COMMITTEE IS USED BY THE EXECUTIVE DIRECTOR TO DETERMINE THE COMPENSATION AMOUNTS FOR THE CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. ICFO OFFICERS OWNS MORE THAN 35% OF THE ENTITY 34002 REIMBURSEMENT TO RELATED TAX-EXEMPT ORGANIZATION FOR CFO SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT IS REVIEWED AND PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IF, AFTER A THOROUGH REVIEW, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE WITHOUT PRODUCING A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THOSE DIRECTORS WHO DO NOT HAVE AN ACTUAL OR POTENTIAL CONFLICT WHETHER THE TRANSACTION OR ARRANGEMENT IS IN UTAH CENTER FOR AFFORDABLE HOUSING'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. THE PERSON(S) WITH THE ACTUAL OR POTENTIAL CONFLICT WILL BE EXCUSED FROM THE MEETING DURING THE VOTE. TO CONFORM TO THE DETERMINATION THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO CONTINUE WITH THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR, CHIEF OPERATING OFFICER, AND CHIEF FINANCIAL OFFICER IS DETERMINED BY A RELATED ORGANIZATION, AFFORDA, FORMERLY KNOWN AS THE UTAH CENTER FOR NEIGHBORHOOD STABILIZATION. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR AFFORDA SERVES AS THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE PERFORMS AN ANNUAL COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR THROUGH AN ANNUAL MARKET ANALYSIS WHICH INCLUDES REVIEW OF COMPARABILITY DATA, TO DETERMINE COMPENSATION AMOUNTS. THE SAME PROCESS USED BY THE COMPENSATION COMMITTEE IS USED BY THE EXECUTIVE DIRECTOR TO DETERMINE THE COMPENSATION AMOUNTS FOR THE CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST UCAH SERVICING GROUP LLC 6880 S 700 W 2ND FL MIDVALE UT 84047 364754867 AFFORDABLE HOUSING UT 355649 9650065 UTAH CENTER FOR AFFORDABLE HOUSING SILVER MEADOWS ESTATES DEVELOPMENT LLC 6880 S 700 W 2ND FL MIDVALE UT 84047 870549307 AFFORDABLE HOUSING UT 285844 874580 UTAH CENTER FOR AFFORDABLE HOUSING AFFORDA (FKA UTAH CENTER FOR NEIGHBORHOOD STABILIZATION) 6880 SOUTH 700 W 2ND FLOOR MIDVALE UT 84047 455465651 TRANSIT ORIENTED DEVELOPMENT WITH LOW INTEREST LOANS UT 501(C)(3) LINE 7 N/A 0 HOUSING PLUS 6880 SOUTH 700 W 2ND FLOOR MIDVALE UT 84047 273541853 REAL ESTATE UT 501(C)(3) LINE 10 AFFORDA 0 CANYON CROSSING PROJECT INC 6880 SOUTH 700 W 2ND FLOOR MIDVALE UT 84047 800906028 REAL ESTATE UT N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0