2025-09-08T15:21:21-05:00 2025-05-31 610481842 WILLIAMS WILLIAMS & LENTZ LLP 601 JEFFERSON PADUCAH KY 420011003 990 2024-06-01 610676617 FOREST HILLS VILLAGE INC FORE 2704425469 PO BOX 7056 PADUCAH KY 420027056 LORIE MORGAN MANAGER 2704425469 2025-09-03 1 0 GARRETT M RACKLEY P01981564 2704433643 2025-09-03 2024 2025-03-06 01:10:19Z LORIE MORGAN PO BOX 7056 PADUCAH KY 420027056 2290979 0 X N/A X 1968 KY TO OPERATE A HOUSING PROJECT. 6 6 15 0 0 0 0 0 2156236 2243296 40208 47683 0 0 2196444 2290979 0 0 0 0 1194075 1221319 0 0 0 925753 953155 2119828 2174474 76616 116505 3874517 3645742 2915080 2565782 959437 1079960 TO OPERATE A HOUSING PROJECT FOR THE CITY OF PADUCAH, KENTUCKY. 0 0 1792539 2243296 FOREST HILLS VILLAGE, INC IS A PUBLIC PROJECT CORPORATION CREATED BY THE CITY OF PADUCAH, KENTUCKY TO OPERATE A HOUSING PROJECT SOLELY OWNED BY THE CITY. IN 1968, THE CITY OF PADUCAH SOLD GENERAL OBLIGATION BONDS, THE PROCEEDS OF WHICH WERE USED TO PURCHASE THE "FOREST HILLS HOUSING PROJECT" FROM FHA. THE CITY THEN SET UP THIS PUBLIC CORPORATION AND LEASED THE PROPERTIES TO THIS CORPORATION. THE CORPORATION MANAGES 487 HOUSING UNITS FOR THE CITY OF PADUCAH, KENTUCKY. 1792539 1 0 0 0 0 0 0 0 0 0 1 1 0 0 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 5 0 15 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 1 0 X CORPORATION 2704425469 PO BOX 7056 PADUCAH KY 420027056 X BRAD ARTERBURN VICE-PRESIDENT 1.00 X X 0 0 0 BUZ SMITH BOARD MEMBER 1.00 X 0 0 0 SHIRLEY WALKER BOARD MEMBER 1.00 X 0 0 0 PAUL KING PRESIDENT 1.00 X X 0 0 0 MELISSA YATES SECRETARY 1.00 X X 0 0 0 BRYAN CARNER BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 2243296 2243296 2243296 47683 47683 2290979 0 0 2290979 83735 20934 62801 715793 586029 129764 45433 34387 11046 316887 240565 76322 59471 45147 14324 8871 8871 9990 9990 4163 4163 22869 22869 567851 566688 1163 479 479 137717 124412 13305 EQUIPMENT RENTAL AND MA 173898 173898 MERCHANT PROCESSING FEE 24181 24181 LICENSES & FEES 1608 1608 TELEPHONE 1528 1528 2174474 1792539 381935 0 500 500 505559 615941 7061 9805 25993 23344 10886 11078 272978 268002 1956 4976 668509 698856 2654053 2281242 3874517 3645742 12147 14478 2902933 2551304 2915080 2565782 X 959437 1079960 959437 1079960 3874517 3645742 116505 4018 0 X X 0 1 X 1 0 X X 1 CITY OF PADUCAH KENTUCKY 616001891 10 1 442292 0 1 442292 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X SECTION E. BOX 1C THE ORGANIZATION MANAGES RESIDENTIAL RENTAL PROPERTIES FOR THE CITY OF PADUCAH. 272978 268002 4976 4976 MUTUAL FUNDS 603727 F TREASURY BILLS 95129 F 698856 RENTS RECEIVED IN ADVANCE 38489 ACCRUED PAYROLL 21193 WITHHELD AND ACCRUED PAYROLL TAXES 4903 TENANT DEPOSITS 145600 OPERATING LEASE LIABILITY - CURRENT 379423 OPERATING LEASE LIABILITY 1961696 2551304 X 2290834 4018 4018 2286816 4163 4163 2290979 2170311 0 2170311 4163 4163 2174474 PART X, LINE 2: PART X, LINE 2, FIN 48 FOOTNOTE THE CORPORATION IS AN EXEMPT ORGANIZATION FOR FEDERAL TAX PURPOSES UNDER INTERNAL REVENUE CODE SECTION 501(C)3 AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE FISCAL YEARS ENDING BEFORE MAY 31, 2022. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES OUTSIDE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW. THE FORM 990 IS THEN DISCUSSED AND APPROVED AT THE FOLLOWING BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 15 AN ANNUAL PAY INCREASE IS DETERMINED EVERY YEAR BY THE BOARD FOR ALL EMPLOYEES, WHICH IS INCLUDED IN THE ANNUAL BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII LINE 2C THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS IS PROVIDED BY THE BOARD OF DIRECTORS. CITY OF PADUCAH 616001891 KY 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 CITY OF PADUCAH KENTUCKY K 442292 SIGNED LEASE AGREEMENT