2024-05-10T14:22:43-07:00 2023-12-31 990EZ 2023-01-01 825451776 SUNNY SIDE DEVELOPMENT LTD SUNN 6082398500 1231 E Dayton St Madison WI 53703 Paul Schechter Executive Director 6082398500 2024-05-09 Paul Schechter 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z X X www.sunnysidedevelopment.org X X 165 X 150 0 0 15 0 0 0 0 0 0 0 0 0 0 0 165 0 0 0 160 3 224 10514 10901 -10736 1769 -100607 -109574 X 26618 15882 0 0 0 0 26618 15882 24849 125456 1769 -109574 To provide affordable, sustainable housing to low-income households in Wisconsin. In 2023, Sunny Side Development continued with its three development projects: ERA, Greenspire, and Zapata Cooperative. ERA made very slow progress on its RD loan, which finally closed in early 2024. Greenspire applied and received $5.52M in funding from the Green and Resilient Retrofit Program (GRRP) offered by HUD, to enable the entire property to become 100% carbon neutral. Zapata Cooperative started construction and was 65% complete by the end of 2023. In addition, SSD investigated several other development opportunities in 2023 including Edgerton Child High School, Park St. Lofts, Port St. Vincent, and Rodgers St., however, none resulted in developments. SSD did, however, sign an MOU for Red Pine Cooperative, which it plans to develop in 2024/2025. 0 0 0 Nathan Noordhoek Director and President 2 0 0 0 Norman Bair Director and Co-Treasurer 1 0 0 0 Helen Pan Director and Co-Treasurer 1 0 0 0 Samantha Hock Director and Secretary 2 1 1 1 Abby Davidson Director 15.00 0 0 0 Elizabeth Schnee Director 1 0 0 0 Paul Schechter Executive Director 45 0 0 0 0 0 0 0 0 0 0 1 25621 0 0 0 0 0 0 0 WI Paul Schechter 1231 E Dayton St Madison WI 53703 6082398500 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 0 0 26042 25000 150 51192 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 26042 25000 150 51192 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51192 0 0 0 18 15 33 0 0 0 0 0 0 0 0 0 18 15 33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26042 25018 165 51225 0.99936 0.90172 0.00064 0.00035 X Paul Schechter Executive Director Working capital X 50000 25621 0 1 1 25621 Form 990-EZ, Part I, Line 16 Description;Amount^Earnest money for purchase of 722 Moorland;10000|Food for 2023 annual meeting;37|WI DFI non stock annual filing fee;50|WI DFI annual registeration;54|Dish for Edgerton potluck;8|WHEDA annual conference;345|Certificate of good standing for Edgerton Retirement Apartments;10|Food for Edgerton potluck;10^Total;10514^ Form 990-EZ, Part I, Line 20 Sunny Side Development and Crown Court Properties jointly took out a $200,000 loan in 2023, to pay for predevelopment expenses for Greenspire. SSD's liability is 50% of the loan, or $100,000. In addition, the balance on the line of credit owed to Paul Schechter increased from $24,849 as of 12/31/2022 to $25,456 as of 12/31/2023, for a change of $607 Form 990-EZ, Part II, Line 26 As of 12/31/2023, Sunny Side Development owed Impact Seven $100,000 for Greenspire predevelopment loan As of 12/31/2023, Sunny Side Development owed Paul Schechter $25,455.51