2024-11-15T09:42:33-06:00 2023-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-01-01 411352554 CALVARY COMMUNITY SERVICES INC CALV 7632312974 7520 GOLDEN VALLEY ROAD MINNEAPOLIS MN 554274506 DAVE DAHL CHAIR 7632312974 2024-11-14 1 0 LANCE J BROCK P01919631 6512276695 2024-11-14 2023 2024-10-15 13:58:12Z DAVE DAHL 7520 GOLDEN VALLEY ROAD MINNEAPOLIS MN 554274506 1014389 0 X N/A X 1980 MN THE ORGANIZATION IS THE DEVELOPER OF CALVARY CENTER APARTMENTS, AN 80 UNIT APARTMENT BUILDING FOR THE ELDERLY IN GOLDEN VALLEY, MINNESOTA. THE PROJECT HAS A SECTION 8 ASSISTANCE CONTRACT WITH HUD THAT SUBSIDIZES RENT PAID BY TENANTS. 8 8 0 8 0 0 0 0 167764 949736 44055 64653 0 0 211819 1014389 0 0 0 0 0 0 0 0 0 16083 690497 16083 690497 195736 323892 5054651 6725336 392 41844 5054259 6683492 X THE ORGANIZATION IS THE DEVELOPER OF CALVARY CENTER APARTMENTS, AN 80 UNIT APARTMENT BUILDING FOR THE ELDERLY IN GOLDEN VALLEY, MINNESOTA. THE PROJECT HAS A SECTION 8 ASSISTANCE CONTRACT WITH HUD THAT SUBSIDIZED RENT PAID BY TENANTS. 0 0 690497 949736 THE ORGANIZATION WAS A GENERAL PARTNER FOR A LIMITED PARTNERSHIP WHICH OWNED AND OPERATED AN 80 UNIT AFFORDABLE HOUSING COMPLEX IN GOLDEN VALLEY, MN. THE PROJECT WAS SOLD ON JULY 27, 2023 TO CCA APARTMENTS LLC. CCS IS AN AFFILIATE OF THE NON-MEMBER MANAGER (CCA GP LLC) UPON SALE OF THE PROJECT AND IS THE DEVELOPER OF THE NEW ENTITY. AS A RESULT, DEVELOPMENT COSTS INCURRED WERE REIMBURSED TO CCS, UPON SALE OF THE PROJECT. CCS IS EXPECTED TO RECEIVE A DEVELOPER FEE IN THE AMOUNT OF $1,300,000 FOR DEVELOPMENT SERVICES RELATING TO THE NEW ENTITY. AT DECEMBER 31, 2023, $325,000 OF THE DEVELOPER FEE HAS BEEN EARNED AND PAID. THE FEE IS EXPECTED TO BE PAID THROUGH CAPITAL CONTRIBUTIONS, UPON CERTAIN CONDITIONS BEING MET. 690497 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X THE ORGANIZATION 7632312974 7520 GOLDEN VALLEY ROAD MINNEAPOLIS MN 554274506 X KENT LILLEHAUGEN BOARD MEMBER 1.00 X 0 0 0 BOBBY GRIFFIN BOARD MEMBER 1.00 X 0 0 0 LOWELL BROMANDER BOARD MEMBER 1.00 X 0 0 0 LARRY AMDAHL TREASURER 1.00 X X 0 0 0 DAVE DAHL CHAIR 1.00 X X 0 0 0 JULIE HOLMEN BOARD MEMBER 1.00 X 0 0 0 DAVID GAYLOR VICE CHAIR 1.00 X X 0 0 0 STEVEN OPHEIM BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT RENTS 531110 541820 541820 DEVELOPER FEE 531390 325000 325000 INTEREST ON LP NOTE 900099 73770 73770 OTHER REVENUE 531390 9146 9146 949736 64653 64653 1014389 949736 0 64653 X 76437 76437 119787 119787 34117 34117 ADMINISTRATIVE 120863 120863 OPERATING AND MAINTENAN 112088 112088 WRITE OFF OF FINANCE FE 91941 91941 REAL ESTATE TAXES AND O 60056 60056 75208 75208 690497 690497 0 0 107307 117182 7792 1418 1418 1091274 2206728 3302659 4409883 534326 0 5054651 6725336 41844 392 0 392 41844 X 5054259 6683492 5054259 6683492 5054651 6725336 X 323892 88647 -5255390 6472084 X 1 X 0 1 0 X 150351 155214 162003 167764 949736 1585068 150351 155214 162003 167764 949736 1585068 0 0 0 1585068 42304 39929 47305 44055 64653 238246 42304 39929 47305 44055 64653 238246 192655 195143 209308 211819 1014389 1823314 0.86930 0.79310 0.13070 0.20690 X 0 NOTE RECEIVABLE FROM CALVARY CENTER APARTMENTS LP 4336113 C ACCRUED INTEREST FROM CALVARY CENTER APARTMENTS LP 73770 C 4409883 X PART X, LINE 2: CCS IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER MINNESOTA STATUTE 290.05 AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. CCS DID NOT HAVE ANY UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES CCS HAS NO UNCERTAIN TAX POSITIONS. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE CURRENT AND PREVIOUS THREE YEARS OF INCOME TAX RETURNS. CCS IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS HIRED A PROFESSIONAL PROPERTY MANAGEMENT FIRM TO OPERATE THE APARTMENT BUILDING ON A DAY TO DAY BASIS. THE BOARD REVIEWS FINANCIAL AND OTHER REPORTS AND OPERATIONS AT LEAST QUARTERLY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO BOARD MEMBERS FOR REVIEW AND THEN DISCUSSED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: 1. WHETHER ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. 2. WHETHER PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER ITS PURPOSES AND DO NOT RESULT IN INUREMENT OF IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT 7520 GOLDEN VALLEY ROAD, GOLDEN VALLEY, MINNESOTA. FORM 990, PART IX, LINE 24E UTILITIES: PROGRAM SERVICE EXPENSES 57,036. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,036. ELDERLY CARE VAN EXPENSE: PROGRAM SERVICE EXPENSES 12,209. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,209. MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 5,963. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,963. FORM 990, PART XI, LINE 9: GAIN ON SALE OF PROJECT FROM CALVARY COMMUNITY APARTMENTS LP 6,472,084. CALVARY LP LLC 7520 GOLDEN VALLEY ROAD GOLDEN VALLEY MN 55427 411352554 RENTAL REAL ESTATE MN 0 0 N/A CALVARY GP LLC 7520 GOLDEN VALLEY ROAD GOLDEN VALLEY MN 55427 411352554 RENTAL REAL ESTATE MN 555481 0 N/A CCA APARTMENTS LLC 7520 GOLDEN VALLEY ROAD GOLDEN VALLEY MN 55427 923745020 RENTAL REAL ESTATE MN N/A 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 CCA APARTMENTS LLC A 73770 COST CCA APARTMENTS LLC D 4336113 COST CCA APARTMENTS LLC L 325000 COST