2024-11-15T09:22:26-06:00 2023-12-31 420714325 RSM US LLP 201 FIRST ST SE STE 800 CEDAR RAPIDS IA 524011425 990 2023-01-01 421362432 THE HOUSING FELLOWSHIP HOUS 3193589212 322 E 2ND STREET IOWA CITY IA 52240 SIMON ANDREW EXECUTIVE DIRECTOR 3193589212 2024-11-13 1 0 SHAWNA HULS P01315330 3192985333 2024-11-09 2023 2024-10-15 13:58:12Z SIMON ANDREW 322 E 2ND STREET IOWA CITY IA 52240 1883928 0 X WWW.HOUSINGFELLOWSHIP.COM X 1990 IA TO PROVIDE QUALITY HOMES THAT ARE AFFORDABLE TO PEOPLE WITH LIMITED INCOMES. 12 12 8 12 0 0 78388 307234 1199719 1396956 2425112 88372 0 0 3703219 1792562 0 0 0 0 464927 491651 0 0 0 1218488 1350498 1683415 1842149 2019804 -49587 15845096 15825721 9391649 9421861 6453447 6403860 TO PROVIDE QUALITY HOMES THAT ARE AFFORDABLE TO PEOPLE WITH LIMITED INCOMES. 0 0 1575360 1396956 THE FELLOWSHIP OWNED AND MANAGED 206 UNITS OF AFFORDABLE HOUSING IN THE IOWA CITY AREA, HOUSING 616 PERSONS. IT RECEIVED AND PROCESSED 131 APPLICATIONS FOR HOUSING. 1575360 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IA X ROSS RESETICH 5635082878 322 E 2ND ST IOWA CITY IA 52240 TODD STEWART PRESIDENT 1.00 X X 0 0 0 BRONIS PERTEIT VICE PRESIDENT 1.00 X X 0 0 0 SHANNON MCMAHON SECRETARY/TREASURER 1.00 X X 0 0 0 ROGER BRADLEY DIRECTOR 1.00 X 0 0 0 ANTHONY BRANCH DIRECTOR 1.00 X 0 0 0 TANGELA CROSBY DIRECTOR 1.00 X 0 0 0 JEFFERY FORD DIRECTOR 1.00 X 0 0 0 KEVIN HANICK DIRECTOR 1.00 X 0 0 0 MATT HEKTOEN DIRECTOR 1.00 X 0 0 0 BARBARA MCFADDEN DIRECTOR 1.00 X 0 0 0 MELISSA SCHOOLEY DIRECTOR 1.00 X 0 0 0 MARK SEABOLD DIRECTOR 1.00 X 0 0 0 SIMON ANDREW EXECUTIVE DIRECTOR 40.00 X 120200 0 21868 ROSS RESETICH CFO 40.00 X 92742 0 17736 TASHUNDRA MARSHALL COO 40.00 X 92185 0 13935 305127 0 53539 1 0 0 0 SUEPPEL'S BUILDING AND REMODELING 804 S CAPITOL ST IOWA CITY IA 52240 BUILDING AND REMODELING 151669 1 21765 255417 30052 307234 RENTAL REVENUE 531110 1264416 1264416 OTHER MANAGEMENT FEES 900099 132593 132593 NET LOSS OF LIMITED PARTNERSHIPS 900099 -53 -53 1396956 5533 5533 174205 91366 82839 82839 82839 1792562 1396956 0 88372 358665 268999 89666 61824 46368 15456 1517 1138 379 36377 27282 9095 33268 24951 8317 1135 1135 59975 59975 6793 6793 12552 12552 13047 13047 48163 18817 29346 571 571 152972 152972 530055 529092 963 107025 100825 6200 REPAIRS AND MAINTENANCE 235784 232235 3549 CONDO/ASSOCIATION FEES 71492 71492 BAD DEBT EXPENSE 49557 49557 PROPERTY TAXES 27762 27762 33615 17077 16538 1842149 1575360 266789 0 481502 443756 898983 646686 268724 258926 265988 236608 20043227 7332357 12398197 12710870 1512669 1512893 19033 15982 15845096 15825721 163176 182911 876 25049 64925 38736 9069292 9081500 93380 93665 9391649 9421861 X 6442376 6392976 11071 10884 6453447 6403860 15845096 15825721 -49587 0 X 0 1 X 1 1 1 X 474154 139024 152962 78388 307234 1151762 1216106 1473887 1200293 1199719 1396956 6486961 1690260 1612911 1353255 1278107 1704190 7638723 7207 7207 1266 1266 7207 1266 8473 7630250 4475 699 6871 443 5533 18021 4475 699 6871 443 5533 18021 1694735 1613610 1360126 1278550 1709723 7656744 0.99650 0.99510 0.00240 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3721948 3721948 15304397 6641786 8662611 19306 19306 0 832392 671265 161127 165184 165184 12710870 ANISTON VILLAGE LIMITED PARTNERSHIP 174061 C CORRIDOR WOODS LP 17312 C DEL RAY RIDGE, LP 277669 C WHISPERING GARDEN LP 888585 C BERRY COURT LP 155266 C 1512893 DAMAGE DEPOSITS 93665 93665 X 2479276 686714 686714 1792562 0 1792562 2986642 1144493 1144493 1842149 0 1842149 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE FELLOWSHIP AS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FELLOWSHIP WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY UNRELATED BUSINESS INCOME. THE FELLOWSHIP ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION 740, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN, SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FELLOWSHIP MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE BEING MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THE FELLOWSHIP BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE FELLOWSHIP HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATION BY TAX AUTHORITIES AND NO EXAMINATIONS ARE IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF PARTNERSHIPS INCLUDED ON THE CONSOLIDATED REPORT 686,714. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF PARTNERSHIPS INCLUDED ON THE CONSOLIDATED REPORT 1,144,493. A CITY OF IOWA CITY IOWA 426004805 2005-06-22 401000 NOTE FOR ACQUISITION OF 7 SINGLE-FAMILY AFFORDABLE HOUSING UNITS 0 0 0 A 362264 401000 401000 2005 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND THE EXECUTIVE DIRECTOR. A FULL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, TRUSTEES CONFIRM THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND DECLARE ANY CONFLICTS OF INTEREST OR DECLARE THAT THERE ARE NONE. FORM 990, PART VI, SECTION B, LINE 15 WAGE BUDGET INFORMATION IS COMPILED AND PRESENTED AT A BOARD MEETING. THE BOARD CONDUCTS AN ANNUAL WAGE SURVEY OF TRUSTEES AND STAFF AS PART OF THE BUDGET REVIEW AND APPROVAL PROCESS. RESULTS OF THE SURVEY, DISCUSSION AND APPROVED COMPENSATION ARE RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE HOUSING FELLOWSHIP. SOUNDGARDEN LLC 322 E 2ND STREET IOWA CITY IA 52240 RESIDENTIAL RENTALS IA -31279 1053548 THE HOUSING FELLOWSHIP WHISPERING GARDEN IHA LTD PARTNERSHIP 322 E 2ND STREET IOWA CITY IA 52240 270043212 RESIDENTIAL RENTALS IA -3 105 SOUNDGARDEN LLC BERRY COURT LIMITED PARTNERSHIP 13520 CALIFORNIA STREET SUITE 250 OMAHA NE 68154 205823686 RESIDENTIAL RENTALS IA -3 128 GFB LLC GFB LLC 322 E 2ND STREET IOWA CITY IA 52240 RESIDENTIAL RENTALS IA -29755 1279678 THE HOUSING FELLOWSHIP ANISTON VILLAGE LP 13520 CALIFORNIA STREET SUITE 250 OMAHA NE 68154 421508090 RESIDENTIAL RENTALS IA THE HOUSING FELLOWSHIP RELATED -15687 694935 0 1 0.00010 CORRIDOR WOODS LP 13520 CALIFORNIA STREET SUITE 250 OMAHA NE 68154 275170816 RESIDENTIAL RENTALS IA THE HOUSING FELLOWSHIP RELATED -11 994776 0 1 0.00010 DEL RAY RIDGE LP 322 EASST 2ND STREET IOWA CITY IA 52240 822905093 RESIDENTIAL RENTALS IA THE HOUSING FELLOWSHIP RELATED -15 563384 0 1 0.00010 0 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 ANISTON VILLAGE LP Q 66852 ACTUAL COST CORRIDOR WOODS LP Q 66291 ACTUAL COST