2025-11-12T14:18:46-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2024-01-01 680326561 MEADOWS APARTMENT OWNERSHIP INC MEAD 3038303300 1600 BROADWAY SUITE 2000 DENVER CO 802025704 KELLIE MCCLEARY VP OF PROPERTY OPERATIONS 3038303300 2025-11-10 1 1 JOLANTA TUCK P01340068 9164429100 2025-11-09 2024 2025-03-06 01:10:19Z DIANA STAFFORD 1600 BROADWAY SUITE 2000 DENVER CO 802025704 432640 0 X N/A X 1993 CA TO OWN AND OPERATE A LOW-INCOME HOUSING RESIDENTIAL PROPERTY 1 1 0 1 0 0 240169 250253 140795 164032 81 84 2580 18271 383625 432640 0 0 0 0 0 0 0 0 0 390599 404703 390599 404703 -6974 27937 784148 755612 698257 641784 85891 113828 TO OWN AND OPERATE A LOW-INCOME HOUSING RESIDENTIAL PROPERTY 0 0 391664 182303 MEADOWS APARTMENT OWNERSHIP, INC. WAS ORGANIZED ON NOVEMBER 9, 1993 AS A CALIFORNIA NONPROFIT CORPORATION FOR THE PURPOSE OF ACQUIRING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 236 AND 241(F) OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. MEADOWS APARTMENT CONSISTS OF 30 UNITS LOCATED IN JACKSON, CALIFORNIA. 391664 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X CHAD PAYNE 3038303300 1600 BROADWAY SUITE 2000 DENVER CO 802025704 X DIANA STAFFORD PRESIDENT/DIRECTOR 0.50 X X 0 0 0 0 0 0 0 0 0 0 0 250253 250253 NET RENTAL REVENUE 531110 164032 164032 164032 84 84 LAUNDRY & VENDING 531110 2223 2223 16048 16048 18271 432640 182303 0 84 X 23055 23055 13023 13023 109386 109386 10 10 7688 7688 210209 210209 2481 2481 33448 33448 BAD DEBTS 5387 5387 RESIDUAL RECEIPTS OFFSE 16 16 404703 391664 13039 0 27227 23710 3348 4306 21767 20355 1565834 967986 597137 597848 134669 109393 784148 755612 72843 68039 13059 4526 10872 10857 601483 558362 698257 641784 X 85891 113828 85891 113828 784148 755612 27937 0 X 0 1 X 1 1 1 X 228354 225369 226462 240169 250253 1170607 210423 170812 222239 140795 164032 908301 438777 396181 448701 380964 414285 2078908 0 0 0 2078908 78 55 44 81 84 342 78 55 44 81 84 342 2580 18271 20851 438855 396236 448745 383625 432640 2100101 0.98990 0.99860 0.00020 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2023 AMOUNT: $ 1,945. 2024 AMOUNT: $ 2,223. MISC INCOME - 2023 AMOUNT: $ 635. 2024 AMOUNT: $ 16,048. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 258200 258200 1295448 955800 339648 12186 12186 0 597848 TENANT DEPOSITS 11339 ESCROW DEPOSITS 30299 RESERVE FOR REPLACEMENTS 49871 RESIDUAL RECEIPTS RESERVE 17884 109393 X 441112 8472 8472 432640 0 432640 413175 8472 8472 404703 0 404703 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE JULY 1, 2004, THE PROPERTY IS MANAGED BY MERCY HOUSING MANAGEMENT GROUP ("MHM"), PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE MANAGEMENT FEE IS EQUAL TO $64 PER UNIT PER MONTH. FOR THE YEAR ENDED DECEMBER 31, 2024, $23,040 OF MANAGEMENT FEES HAVE BEEN CHARGED TO OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO ALL BOARD MEMBERS AND COMMENTS AND QUESTIONS ARE ADDRESSED PRIOR TO THE FORM 990 BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE OF MERCY HOUSING, INC. REVIEWS ANNUALLY THE CONFLICT OF INTEREST DISCLOSURES AND DETERMINES WHETHER ANY ACTION IS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 109,386. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109,386.