2024-10-04T10:54:32-05:00 2023-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-01-01 431795330 ATCHISON TERRACE INC TERRACE HILLS APARTMENTS ATCH 8165614240 7920 WARD PARKWAY KANSAS CITY MO 64114 MICHAEL HALTERMAN PRESIDENT 8165614240 2024-10-03 1 1 LISA BURKE P00220718 8169455500 2024-10-03 2023 2024-10-15 13:58:12Z MICHAEL HALTERMAN 7920 WARD PARKWAY KANSAS CITY MO 64114 489415 0 X N/A X 1997 KS THE CORPORATION PROVIDES LOW INCOME HOUSING. 2 2 3 0 0 0 321860 315078 135971 159521 1492 10549 6746 4267 466069 489415 0 0 0 0 94770 102645 0 0 0 389441 425368 484211 528013 -18142 -38598 1569606 1528035 1878213 1875240 -308607 -347205 THE CORPORATION PROVIDES LOW INCOME HOUSING 0 0 410964 163788 THE CORPORATION OPERATES A LOW INCOME HOUSING APARTMENT COMPLEX UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS SUBJECT TO A HUD SECTION 8 HOUSING ASSISTANCE CONTRACT. 410964 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 4 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRED ARREGUIN 8165614240 7920 WARD PARKWAY KANSAS CITY MO 64114 X MIKE HALTERMAN PRESIDENT 1.00 X X 0 0 0 BRIAN O'MALLEY VICE PRESIDENT (THRU 09/13/2023) 1.00 X X 0 0 0 JESSE GREENLY SECRETARY/TREASURER 1.00 X X 0 0 0 TRAVIS EICHELBERGER BOARD MEMBER (THRU 3/23/2023) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 315078 315078 RENTAL REVENUE 531110 159521 159521 159521 10549 10549 LAUNDRY AND VENDING IN 812300 3907 3907 OTHER INCOME 531110 360 360 4267 489415 163788 0 10549 84616 84616 10913 10913 7116 7116 29149 29149 3861 3861 9177 9177 4604 4604 8838 8838 71126 71126 1258 1258 39992 39992 75850 75850 63632 59778 3854 BUILDING OPERATING MAIN 85541 85541 MODEL APARTMENT 9252 9252 BAD DEBTS 8592 8592 MISCELLANEOUS ADMINISTR 5744 5744 8752 5514 3238 528013 410964 117049 0 5276 8248 9079 16604 35945 46463 2576476 1464691 1172333 1111785 346973 344935 1569606 1528035 54634 99321 6333 10151 1805349 1755322 11897 10446 1878213 1875240 X -308607 -347205 -308607 -347205 1569606 1528035 -38598 0 X X 0 1 X 1 1 1 X 293077 314191 317967 321860 315078 1562173 293077 314191 317967 321860 315078 1562173 1562173 1985 770 512 1492 10549 15308 311 5561 6746 4267 16885 1594366 652231 0.97980 0.98790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING INCOME - 2019 AMOUNT: $ 311. 2021 AMOUNT: $ 2,884. 2022 AMOUNT: $ 5,616. 2023 AMOUNT: $ 3,907. BAD DEBT RECOVERY INCOME - 2021 AMOUNT: $ 2,677. OTHER INCOME - 2022 AMOUNT: $ 1,130. 2023 AMOUNT: $ 360. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68457 68457 2397993 1387623 1010370 67867 56667 11200 42159 20401 21758 1111785 SECURITY DEPOSITS 10446 ESCROW DEPOSITS 4374 REPLACEMENT RESERVE 329923 OTHER RESERVES 192 344935 TENANT DEPOSITS HELD 10446 10446 X 489415 0 489415 0 489415 528013 0 528013 0 528013 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION IS MADE FOR INCOME TAXES IN THESE STATEMENTS. IN ADDITION, THE ORGANIZATION IS EXEMPT FROM REAL ESTATE TAXES. THE ORGANIZATION HAS ADOPTED THE STANDARDS REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER THE FASB ASC TOPIC "INCOME TAXES." THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES OR IN THE STATEMENT OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO MATERIAL TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE MISSOURI STATE JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. FORM 990, PART VI, SECTION A, LINE 3 YARCO COMPANY, INC OF KANSAS CITY , MO, PROVIDES MANAGEMENT AND ACCOUNTING SERVICES FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SERVE AT THE DISCRETION OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION OPERATES A HOUSING DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. ITEMS SUCH AS RENT CHARGES, MAJOR ADDITIONS AND RENOVATIONS AND CASH DISTRIBUTIONS TO OFFICERS AND DIRECTORS ARE SUBJECT TO PRIOR APPROVAL BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY BOARD MEMBER AND MADE AVAILABLE TO THE MANAGEMENT COMPANY AND BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ACTED ON AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THIS PERSON SERVES WITHOUT COMPENSATION. OTHER OFFICERS SERVE WITHOUT COMPENSATION AND THE MANAGEMENT COMPANY IS PAID A FEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD IS CHARGED WITH THAT RESPONSIBILITY.