2024-11-13T13:09:06-05:00 2024-06-30 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2023-07-01 421388168 ILQ INC MARSHALL CMI HOUSING ILQI 5152254782 C/O KEYWAY MANAGEMENT WEST DES MOINES IA 50266 SUSAN HOLM PRESIDENT 5152254782 2024-11-08 true false BENJAMIN WINTERS CPA P02177963 5156203050 2024-11-13 2023 2024-10-15 13:58:12Z SUSAN HOLM 1200 VALLEY WEST DR 108 WEST DES MOINES IA 50266 89620 false X X 1992 IA THE ORGANIZATION PROVIDES LOW RENT HOUSING IN A 16 APARTMENT COMPLEX TO ELDERLY AND HANDICAPPED PERSONS. 7 7 0 8 0 0 95445 89470 165 150 0 95610 89620 0 0 12776 11892 0 0 111243 115757 124019 127649 -28409 -38029 595515 598442 874727 915683 -279212 -317241 THE ORGANIZATION PROVIDES LOW RENT HOUSING IN A 16 APARTMENT COMPLEX TO ELDERLY AND HANDICAPPED PERSONS. false false 91635 89470 THE ORGANIZATION PROVIDES LOW RENT HOUSING IN A 16 APARTMENT COMPLEX TO ELDERLY AND HANDICAPPED PERSONS. 91635 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 true 0 false false false false false false false false false false false false false false X 7 7 false true false false false false false true true false false false false false false false false false X PEG DEBOER 5152254782 1200 VALLEY WEST DR WEST DES MOINES IA 50266 X SUSAN HOLM PRESIDENT 1.00 X X 0 0 0 LYDIA AREVALO SECRETARY 1.00 X X 0 0 0 CHRIS CLAUSSEN DIRECTOR 1.00 X 0 0 0 VERN JEFFERSON DIRECTOR 1.00 X 0 0 0 MARTY WYMORE DIRECTOR 1.00 X 0 0 0 JILL SMITH DIRECTOR 1.00 X 0 0 0 RANDY SVENDSEN DIRECTOR 1.00 X 0 0 0 CHRIS TACCONI RESIGNED 723 DIRECTOR X 0 0 0 false false false FEES & CONTRACTS GOV AGENCIES 531110 50226 50226 LOW RENT HOUSING 531110 39033 39033 LAUNDRY AND VENDING 531110 211 211 89470 150 150 89620 89259 361 10080 10080 885 885 927 927 7251 7251 255 255 8088 8088 1220 1220 28318 28318 18545 18545 10122 10122 CONTRACT SERVICES 30902 30902 MISC. ADMIN EXPENSES 7308 7308 SUPPLIES 3229 3229 HEATING/COOLING REPAIRS 519 519 127649 91635 36014 0 4388 310 172638 197330 7791 8542 908 1015 912714 521469 409790 391245 595515 598442 49643 90348 822400 822400 2684 2935 874727 915683 X -279212 -317241 -279212 -317241 595515 598442 -38029 X false true X true true true X 116681 101350 103276 93632 89259 504198 873 1050 1035 1813 211 4982 117554 102400 104311 95445 89470 509180 35808 21350 23276 13632 9259 103325 35808 21350 23276 13632 9259 103325 405855 34 15 17 165 150 381 34 15 17 165 150 381 117588 102415 104328 95610 89620 509561 0.79650 0.76610 0.00000 0.00000 X 45377 45377 772544 464260 308284 61884 24300 37584 32909 32909 391245 TENANT SECURITY DEPOSITS 2684 PREPAID RENT 251 2935 X 89620 89620 89620 127649 127649 127649 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS INCORPORATED UNDER THE LAWS OF IOWA AS A NON-PROFIT ORGANIZATION. BECAUSE OF ITS NON-PROFIT STATUS, THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3). NO CAPITAL STOCK IS ISSUED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION HAS A HUD APPROVED MANAGEMENT AGREEMENT WITH KEYWAY MANAGEMENT COMPANY. THE AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF 9.89 PERCENT OF RESIDENTIAL INCOME COLLECTED. MANAGEMENT FEES TOTALED 7,251 FOR THE YEAR ENDED JUNE 30, 2024. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND CEO WILL REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.