2024-11-15T11:02:39-06:00 2023-12-31 991781118 EAG AFFORDABLE HOUSING LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2023-01-01 942842826 RIVER COMMUNITY HOMES INC RIVE 7074631975 499 LESLIE STREET UKIAH CA 95482 RACHEAL IVERSON PRESIDENT 7074631975 2024-11-15 1 0 CHADD WEISERT JD LLM P00449157 6144728566 2024-11-15 2023 2024-10-15 13:58:12Z X JENNIFER HOFSTETTER 1061 HALLEN DRIVE ARCATA CA 95521 646062 0 X N/A X 1982 CA COOPERATIVE HOUSING FOR LOW-INCOME, ELDERLY, AND HANDICAPPED INDIVIDUALS. 4 4 0 4 0 0 428828 482752 147616 149599 3965 8494 0 5217 580409 646062 0 0 0 0 87614 0 0 0 0 484671 573389 572285 573389 8124 72673 2463667 2501058 1950839 1914617 512828 586441 COOPERATIVE HOUSING FOR LOW-INCOME, ELDERLY, AND HANDICAPPED INDIVIDUALS. 0 0 535949 154816 THE HOUSING DEVELOPMENT IS SPECIFICALLY DESIGNED FOR LOWER INCOME FAMILIES, THE HANDICAPPED AND THE ELDERLY. ALL OF THE ABOVE PROGRAM SERVICE REVENUE COMES FROM THE RESIDENTS AND ENABLES CONTINUATION OF SERVICES TO THEM (EXEMPT PURPOSE) UNDER THE HOUSING ASSISTANCE PAYMENTS PROGRAM (SECTION 8 OF THE U.S. HOUSING ACT OF 1937) ADMINISTERED BY HUD AND THE CALIFORNIA HOUSING FINANCE AGENCY. THIS PROGRAM MANDATES ASSISTANCE, BUT NOT FULL SUBSIDY TO THE NEEDY RECIPIENTS OF THE HOUSING DEVELOPMENT SERVICES. THE HOUSING ASSISTANCE PAYMENTS FOR THE 40-UNIT LIMITED EQUITY HOUSING COOP ACCOUNT FOR APPROXIMATELY 70% OF THE CORPORATION'S ANNUAL SUPPORT. 535949 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 CA X RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION 7074631975 499 LESLIE STREET UKIAH CA 95482 X RACHEL IVERSON PRESIDENT 2.00 X X 0 0 0 JAMIE FALICKI VICE PRESIDENT 2.00 X X 0 0 0 MICHELLE MURPHY TREASURER 2.00 X X 0 0 0 JILL LADD SECRETARY 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 482752 482752 RENTAL INCOME 531110 149599 149599 149599 8494 8494 LAUNDRY & VENDING 531110 4918 4918 TENANT CHARGES 531110 299 299 5217 646062 154816 0 8494 37440 37440 2273 2273 6434 6434 111004 111004 86935 86935 61508 61508 22974 22974 CONTRACT SERVICES 151959 151959 MISCELLANEOUS ADMIN 47314 47314 REPAIRS & MAINTENANCE 45548 45548 573389 535949 37440 0 350328 411885 368762 0 12115 9071 16465 47706 4101662 2448053 1715117 1653609 880 378787 2463667 2501058 2026 13154 4441 4807 1936151 1895876 8221 780 1950839 1914617 X 403573 477186 109255 109255 512828 586441 2463667 2501058 X 72673 940 X X 0 1 X 1 1 1 X 331084 335970 379216 428828 482752 1957850 331084 335970 379216 428828 482752 1957850 1957850 4248 3837 1966 3965 8494 22510 1980360 775526 0.98860 0.98370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109255 109255 3925648 2381294 1544354 66759 66759 0 1653609 TENANT SECURITY DEPOSITS 880 RESERVE FOR REPLACEMENTS 205762 OPERATING RESERVE 110410 IMPOUND DEPOSITS 23807 RESERVE FOR REHAB 3962 MEMBER SHARE PURCHASE DEPOSITS 33966 378787 TENANT SECURITY DEPOSITS 780 780 X 646062 0 646062 0 646062 573389 0 573389 0 573389 PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIZATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS WITH AN OUTSIDE PROPERTY MANAGEMENT COMPANY FOR PROPERTY MANAGEMENT AND FINANCIAL MANAGEMENT OF THE PROPERTY IN ACCORDANCE WITH REQUIREMENTS OF HUD AND THE CALIFORNIA HOUSING AND FINANCE AGENCY. FORM 990, PART VI, SECTION A, LINE 6 EACH TENANT OF THE ORGANIZATION'S APARTMENT COMPLEX IS A MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HOLDS AN ANNUAL MEETING OF ALL MEMBERS, AT WHICH THE GOVERNING BOARD MEMBERS ARE ELECTED FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURNS ARE REVIEWED FOR REASONABLENESS BY THE CEO OR THE CFO BEFORE SIGNING AND FILING. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FROM THE PUBLIC THE EXEMPT ORGANIZATION WILL PROVIDE A COPY OF FORM 990 AND ANY GOVERNING DOCUMENTS BY MAIL OR PERSON. FORM 990, PART XI, LINE 9: MEMBERS CAPITAL ISSUED 2,265. MEMBERS CAPITAL DISTRIBUTED -1,325. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.