2024-05-09T15:50:46-05:00 2023-12-31 420714325 RSM US LLP 201 FIRST ST SE STE 800 CEDAR RAPIDS IA 524011425 990 2023-01-01 421495047 MIDWAY APARTMENTS INC MIDW 3193640259 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 524045216 THERESA GRAHAM-MINEART BOARD CHAIR 3193640259 2024-04-29 1 THERESA GRAHAM-MINEART 888008888 0 SHAWNA HULS P01315330 3192985333 2024-04-29 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z THERESA GRAHAM-MINEART 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 524045216 62862 0 X N/A X 1999 IA TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES IN NEED. 6 6 0 6 0 0 3888 7445 57157 54837 194 580 0 0 61239 62862 0 0 0 0 0 0 0 0 0 79170 93036 79170 93036 -17931 -30174 441814 447722 651987 688069 -210173 -240347 TO PROVIDE MENTALLY DISABLED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS. 0 0 72652 54837 TO PROVIDE MENTALLY DISABLED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS. THE ORGANIZATION RENTED 10 UNITS TO INDIVIDUALS AND FAMILIES IN NEED DURING THE YEAR. 72652 1 0 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 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X STEVE SCHURING 3193640259 5400 KIRKWOOD BLVD CEDAR RAPIDS IA 52404 X THERESA GRAHAM-MINEART BOARD CHAIR/PRESIDENT 2.00 X X 0 0 0 ASHLEY BAILUS DIRECTOR 2.00 X 0 0 0 ALICIA FAUST DIRECTOR 2.00 X 0 0 0 LAURIE MITCHELL DIRECTOR 2.00 X 0 0 0 CARMEN JOHNSON DIRECTOR 2.00 X 0 0 0 RUBY PERRIN DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 7445 7445 RENTAL INCOME 531110 52687 52687 AUXILIARY RENTAL INCOM 531390 2150 2150 54837 580 580 62862 54837 0 580 6186 6186 203 203 9710 9710 1780 1780 12301 12301 19270 19270 10937 10937 REPAIRS AND MAINTENANCE 30468 27963 2505 BED DEBT EXPENSE 2181 2181 93036 72652 20384 0 176 17604 2916 739209 366363 377948 372846 63690 54356 441814 447722 36567 80802 9004 552 604700 604700 1716 2015 651987 688069 X -210173 -240347 -210173 -240347 441814 447722 -30174 0 X X 0 1 X 0 1 1 X 12552 11694 7486 3888 7445 43065 40996 44210 47712 57157 54837 244912 53548 55904 55198 61045 62282 287977 0 0 0 287977 413 74 14 194 580 1275 413 74 14 194 580 1275 53961 55978 55212 61239 62862 289252 0.99560 0.99620 0.00440 0.00380 X 38000 38000 666482 353889 312593 9722 5915 3807 25005 6559 18446 372846 SECURITY DEPOSITS 1728 INSURANCE ESCROW 4315 REPLACEMENT RESERVE 48313 54356 SECURITY DEPOSITS 2015 2015 X 60681 -2181 -2181 62862 0 62862 90855 0 90855 2181 2181 93036 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSES. THE CORPORATION IS NOT A PRIVATE FOUNDATION. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BED DEBT EXPENSE -2,181. PART XII, LINE 4B - OTHER ADJUSTMENTS: BED DEBT EXPENSE 2,181. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS WITH FOUR OAKS FAMILY AND CHILDREN'S SERVICES TO MANAGE THE PROPERTY AND PROVIDE ACCOUNTING SERVICES. NO OFFICERS OR DIRECTORS OF THE FILING ORGANIZATION WERE COMPENSATED BY THE MANAGEMENT COMPANY DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE TAX PREPARER REVIEWS THE FORM 990 IN DRAFT FORM WITH THE CHIEF FINANCIAL OFFICER OF THE MANAGEMENT COMPANY, FOUR OAKS FAMILY AND CHILDREN'S SERVICES. ALL QUESTIONS AND CONCERNS ARE ADDRESSED TO FULL SATISFACTION BEFORE BECOMING FINAL. THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND DIRECTORS TO DISCLOSE ANY CONFLICT OF INTEREST UPON JOINING THE BOARD OF DIRECTORS AS WELL AS REPORT ANY DUALITY OF INTEREST AS SOON AS THE INTEREST OCCURS. THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ALSO ACTIVELY MONITORS FOR CONFLICTS OF INTEREST BETWEEN THE ORGANIZATION AND ITS OFFICERS AND DIRECTORS. AS AN ADDITIONAL SAFEGUARD, THE MANAGEMENT COMPANY REVIEWS VENDOR LISTS AND BOARD MEMBER LISTS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 13: THE ORGANIZATION IS MANAGED BY AN OUTSIDE MANAGEMENT COMPANY AND DOES NOT HAVE EMPLOYEES. THE EMPLOYEES OF THE MANAGEMENT COMPANY WHO PERFORM DUTIES FOR THE FILING ORGANIZATION ARE SUBJECT TO THE WRITTEN WHISTLEBLOWER POLICY OF THE OUTSIDE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 14: DOCUMENTS ARE RETAINED OR DESTROYED SUBJECT TO THE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY OF THE OUTSIDE MANAGEMENT COMPANY. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NO COMMITTEES. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. BLAIRS FERRY HOUSING INC 5400 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 421417465 PROVIDE LOW INCOME HOUSING TO DISABLED INDIVDUALS IA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0