2025-11-17T16:35:42-06:00 2024-12-31 510380493 WHEELER WOLFENDEN & DWARES PA 4550 LINDEN HILL ROAD STE 201 WILMINGTON DE 19808 990 2024-01-01 383857086 TODMORDEN FOUNDATION TODM 3026556215 100 W 10TH ST STE 1104 WILMINGTON DE 19801 RICHARD PRZYWARA CEO/PRESIDENT 3026556215 2025-11-17 1 1 KATHLEEN CORCORAN CPA P00454914 3022548240 2024 2025-03-06 01:10:19Z X RICHARD PRZYWARA 100 W 10TH ST STE 1104 WILMINGTON DE 19801 7580400 0 X WWW.TODMORDENFOUNDATION.COM X 2011 DE TO PROMOTE THE STABILIZATION OF NEIGHBORHOODS, THE PREVENTION OF URBAN BLIGHT, AND TO DEVELOP AFFORDABLE HOUSING WITHIN THE CITY OF WILMINGTON. 14 14 0 0 0 0 1374673 7399107 0 0 87209 87614 83475 93679 1545357 7580400 0 0 0 0 0 260000 0 0 52000 544625 347980 544625 607980 1000732 6972420 23227276 31686133 3457290 5552097 19769986 26134036 TO PROMOTE THE STABILIZATION OF NEIGHBORHOODS, THE PREVENTION OF URBAN BLIGHT, AND TO DEVELOP AFFORDABLE HOUSING WITHIN THE CITY OF WILMINGTON. 0 0 353065 THE PRIMARY PURPOSE OF TODMORDEN IS TO PROVIDE LOW INCOME HOUSING TO QUALIFIED RESIDENTS IN THE CITY OF WILMINGTON. LOW INCOME THRESHOLDS ARE ESTABLISHED ACCORDING TO DSHA GUIDELINES. WE CURRENTLY SERVE 221 INDIVIDUALS AND FAMILIES WHOSE INCOME FALLS BETWEEN 30% AND 60% OF THE AREA MEDIAN INCOME BY PROVIDING ONE TO THREE BEDROOM RENTAL UNITS, ALL OF WHICH FALL WITHIN THE AFFORDABLE HOUSING CRITERIA.IN ADDITION, THE TODMORDEN FOUNDATION OWNS THE TODMORDEN EAST FOUNDATION, LLC. THE TODMORDEN EAST FOUNDATION FOCUSES ON THE DEVELOPMENT OF THE REDEVELOPMENT OF HOUSING IN THE EAST SIDE OF WILMINGTON. 353065 1 1 0 0 0 0 0 0 0 0 1 1 0 1 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 DE X X SEAN COLLINS 3026556215 100 WEST 10TH STREET SUITE 1104 WILMINGTON DE 19801 X MATT LYNCH CHAIR 5.00 X X 0 0 0 SHELDON SANDLER VICE CHAIR & NOMINATING AND GOVERNANCE CHAIR 5.00 X X 0 0 0 THOMAS WHITE FINANCE CHAIR 5.00 X X 0 0 0 JANE VINCENT AUDIT CHAIR 5.00 X X 0 0 0 JOHN HUNDLEY PROPERTY CHAIR 5.00 X X 0 0 0 CASSANDRA MARSHALL TRUSTEE 5.00 X 0 0 0 CURTIS HARKIN TRUSTEE 5.00 X 0 0 0 DAVID RIPSOM TRUSTEE 5.00 X 0 0 0 EARL JETER TRUSTEE 5.00 X 0 0 0 GLADYS SPIKES TRUSTEE 5.00 X 0 0 0 JEANMARIE DESMOND TRUSTEE 5.00 X 0 0 0 JEFF CHAPIN TRUSTEE 5.00 X 0 0 0 SUSAN FRANK TRUSTEE 5.00 X 0 0 0 WALI RUSHDAN TRUSTEE 5.00 X 0 0 0 RICHARD PRYZWARA PRESIDENT & CEO 20.00 X 0 0 0 TRACY SURLES VICE PRESIDENT 20.00 X 0 0 0 SEAN COLLINS ASSISTANT TREASURER 20.00 X 0 0 0 LATONIA TALLEY ASSISTANT SECRETARY 5.00 X 0 0 0 0 0 0 0 0 0 0 0 5445457 1953650 7399107 87614 87614 93679 0 93679 93679 93679 7580400 93679 0 87614 X 260000 112000 96000 52000 41781 41781 20000 20000 115210 98926 16284 2400 2400 1222 1222 16721 13819 2902 5790 5790 32043 32043 38240 38240 REPAIRS, MAINTENANCE AN 24328 24328 REAL ESTATE TAXES 15939 15939 FLATS REDEVELOPMENT EXP 11423 11423 MISCELLANEOUS 9484 9484 13399 3947 9452 607980 353065 202915 52000 4844067 6508118 6250 7802 2918 3543 17355 22052 10432754 236589 5487539 10196165 7229114 6462172 5640033 8486281 23227276 31686133 153040 887390 3298000 3964890 516260 6250 183557 3457290 5552097 X 19719986 21988651 50000 4145385 19769986 26134036 23227276 31686133 X 6972420 158572 -766942 X 0 1 X 1 1 1 X 977362 2045742 1078550 1459373 7399107 12960134 977362 2045742 1078550 1459373 7399107 12960134 12960134 76628 78258 73477 85984 181293 495640 13455774 0.96320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4329894 4329894 480479 204764 275715 159134 21616 137518 10209 10209 0 5453038 5453038 10196165 INVESTMENTS IN FLATS PHASE 1 234936 C INVESTMENTS IN FLATS PHASE 2 2574373 C INVESTMENTS IN FLATS PHASE 3 1732817 C INVESTMENTS IN FLATS PHASE 4 1920046 C 6462172 DEVELOPMENT FEES RECEIVABLE 2250160 LOAN RECEIVABLE 5328741 REIMBURSABLE CONSTRUCTION COST 396080 ACCRUED INTEREST 511300 8486281 SECURITY DEPOSIT LIABILITY 7775 FLATS V CONSTRUCTION OVERPAYMENT 175782 183557 X 6813458 -766942 -766942 7580400 0 7580400 607980 0 607980 0 607980 PART X, LINE 2: THE FUND IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL, STATE OR LOCAL INCOME TAX IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE FUND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FUND FOLLOWS ASC 740-10, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF A RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2021, 2022 AND 2023 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE FUND IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FUND BEEN CONTACTED BY THIS JURISDICTION. INTEREST AND PENALTIES RELATED TO INCOME TAXES ARE INCLUDED IN INCOME TAX EXPENSE WHEN INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: PARTNERSHIP LOSS - INVESTMENT IN FLATS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS ARE PROVIDED WITH A DRAFT COPY OF THE FEDERAL FORM 990 FOR REVIEW AND APPROVAL BEFORE FILING IS COMPLETE. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS WITHIN THE BOARD ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THE INDIVIDUAL HAS READ AND UNDERSTOOD THE POLICY, ASKS THE INDIVIDUAL TO DESCRIBE ANY CONFLICTS OF INTEREST, AND AGREES TO COMPLY TO THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ENTITY RELEASES THEIR ANNUAL REPORT ON THEIR WEBSITE, WITH THEIR FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 98,926. MANAGEMENT AND GENERAL EXPENSES 16,284. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,210. FORM 990, PART XI, LINE 9: PARTNERSHIP LOSS - INVESTMENTS IN FLATS -766,942.