2025-11-06T14:37:32-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 581360274 UNION AVENUE BAPTIST HOUSING MINISTRIES INC UNIO 9012745403 1615 APPLING ROAD CORDOVA TN 38016 DON OLLIO MANAGEMENT AGENT 9013804900 2025-11-06 1 1 ROBERT J DOYLE JR P02365765 3178485700 2024 2025-03-06 01:10:19Z BEVERLY HERRIMAN 1615 APPLING ROAD CORDOVA TN 38016 1354021 0 X WWW.WESLEYLIVING.COM X 1981 TN UNION AVENUE BAPTIST HOUSING MINISTRIES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON APRIL 25, 1977, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TENNESSEE. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING AN 85-UNIT COMMUNITY LOCATED IN MEMPHIS, TENNESSEE KNOWN AS UNION AVENUE BAPTIST TOWERS, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY PERSONS. THE PROJECT WAS ORIGINALLY FINANCED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON JULY 31, 2008, THE ORIGINAL MORTGAGE WAS REPAID WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED, AND WAS AGAIN REFINANCED IN 2023 WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. 9 9 0 9 0 0 756028 867129 410929 420413 -15853 38220 0 0 1151104 1325762 0 0 0 0 141268 149227 0 0 0 1080043 1357429 1221311 1506656 -70207 -180894 6163323 5603345 7818094 7439010 -1654771 -1835665 X UNION AVENUE BAPTIST HOUSING MINISTRIES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON APRIL 25, 1977, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TENNESSEE. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING AN 85-UNIT COMMUNITY LOCATED IN MEMPHIS, TENNESSEE KNOWN AS UNION AVENUE BAPTIST TOWERS, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY PERSONS. THE PROJECT WAS ORIGINALLY FINANCED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON JULY 31, 2008, THE ORIGINAL MORTGAGE WAS REPAID WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED, AND WAS AGAIN REFINANCED IN 2023 WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. 0 0 1369054 458550 UNION AVENUE BAPTIST HOUSING MINISTRIES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON APRIL 25, 1977, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TENNESSEE. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING AN 85-UNIT COMMUNITY LOCATED IN MEMPHIS, TENNESSEE KNOWN AS UNION AVENUE BAPTIST TOWERS, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY PERSONS. THE PROJECT WAS ORIGINALLY FINANCED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON JULY 31, 2008, THE ORIGINAL MORTGAGE WAS REPAID WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED, AND WAS AGAIN REFINANCED IN 2023 WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. 1369054 0 1 0 0 0 0 0 0 0 1 0 1 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 0 0 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X WESLEY HOUSING CORP OF MEMPHIS 9013804900 1615 APPLING ROAD CORDOVA TN 38016 X X JAMES THRELKELD PRESIDENT 1.00 2.00 X X 0 0 0 MARY FRANCES WILLIAMSON VICE PRESIDENT 1.00 2.00 X X 0 0 0 JEREMY WRIGHT SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 BENNIE BANE DIRECTOR 1.00 2.00 X 0 0 0 MARY A CALVERY DIRECTOR 1.00 2.00 X 0 0 0 MATTHEW YOUNGER DIRECTOR 1.00 2.00 X 0 0 0 ROYCE I SHELLABARGER DIRECTOR 1.00 2.00 X 0 0 0 NORMAN WILKES DIRECTOR 1.00 2.00 X 0 0 0 JEFFREY ZUBER DIRECTOR 1.00 2.00 X 0 0 0 0 0 0 0 0 0 0 WESLEY HOUSING CORPORATION OF MEMPHIS I 1615 APPLING RD CORDOVA TN 38016 MANAGEMENT, BOOKKEEPING, AND CONSULTING 289810 1 867129 867129 RENTAL INCOME 532000 420413 420413 420413 83 83 66396 28259 38137 38137 38137 1325762 458550 0 83 97038 97038 2841 2841 41374 41374 7974 7974 78125 78125 21040 21040 32 32 27961 27961 8816 8816 455373 455163 210 1418 1418 418330 418330 312553 312553 SERVICE COORDINATOR CON 30892 30892 BAD DEBTS 2889 2889 1506656 1369054 137602 0 214913 370332 878988 85974 7120 5762 130195 141510 8568814 4183411 4644675 4385403 0 316638 202528 193469 84904 104257 6163323 5603345 389075 78231 341 1124 7397893 7322534 30785 37121 7818094 7439010 X -1654771 -1835665 -1654771 -1835665 6163323 5603345 -180894 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103964 103964 7451274 3700902 3750372 211459 71572 139887 763885 402653 361232 38232 8284 29948 4385403 REPLACEMENT RESERVE 316638 C 316638 SECURITY DEPOSITS 37121 37121 X 1326749 987 987 1325762 0 1325762 1507643 987 987 1506656 0 1506656 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: G/L ON DISPSOSAL OF ASSET 987. PART XII, LINE 2D - OTHER ADJUSTMENTS: G/L ON DISPSOSAL OF ASSET 987. FORM 990, PART VI, SECTION A, LINE 3 UNION AVENUE BAPTIST HOUSING MINISTRIES, INC. IS MANAGED BY WESLEY HOUSING CORPORATION OF MEMPHIS, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. WESLEY HOUSING CORPORATION OF MEMPHIS, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED WESLEY HOUSING CORPORATION OF MEMPHIS, INC. TO MANAGE THE UNION AVENUE BAPTIST HOUSING MINISTRIES, INC. APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY AN OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF ALL EMPLOYEES IS DETERMINED THROUGH THE APPROVAL OF THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS FINANCIAL INFORMATION TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG AND UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. PART XII, LINE 2C AN AUDIT COMMITTEE REVIEWS THE AUDIT RESULTS AND SELECTION OF THE AUDITING FIRM THROUGH A PERIODIC COMPETITIVE BIDDING PROCESS.