2025-09-08T09:34:57-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2023-01-01 450455374 HOMESTEAD PLACE HOME 7017462545 1405 1ST AVE N GRAND FORKS ND 58203 TERRY HANSON EXECUTIVE DIRECTOR 7017462545 2025-09-06 1 0 BRIAN OPSAHL P01221767 7017754685 2025-09-04 2023 2025-03-06 01:10:19Z TERRY HANSON 1405 1ST AVE N GRAND FORKS ND 58203 457744 0 X N/A X 2000 ND PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 5 5 0 0 0 0 285531 286565 147109 170850 163 329 0 0 432803 457744 0 0 0 0 115514 117342 0 0 0 327229 348705 442743 466047 -9940 -8303 1734191 1709253 688401 671766 1045790 1037487 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 0 0 399822 170850 HOMESTEAD PLACE PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 399822 1 1 0 0 0 0 0 0 0 0 1 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X HOMESTEAD PLACE 7017462545 1405 1ST AVE N GRAND FORKS ND 58201 X JOAN JOHNSON PRESIDENT 1.00 X X 0 0 0 BRET WEBER VICE PRESIDENT 1.00 X X 0 0 0 KIMISEAN LIGGETT DIRECTOR 1.00 X 0 0 0 JENNIFER TARLIN DIRECTOR 1.00 X 0 0 0 ZAC ISTA DIRECTOR 1.00 X 0 0 0 JEREMY MORRIS DIRECTOR (LEFT 8/23) 1.00 X 0 0 0 TERRY HANSON SECRETARY/EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 286565 286565 RENTAL REVENUE 531110 170850 170850 170850 329 329 457744 170850 0 329 81513 75115 6398 7370 6791 579 22966 21164 1802 5493 5062 431 35378 35378 25 25 6800 6800 280 280 2922 2922 159236 159236 21691 21691 60622 60622 25677 25677 BAD DEBT EXPENSE 23312 23312 MISCELLANEOUS 11814 204 11610 RENTAL EXPENSES 948 948 466047 399822 66225 0 189417 197722 550727 487447 8996 25480 10857 13809 2327700 1370963 944508 956737 29686 28058 1734191 1709253 25890 33128 10392 13269 633879 608494 18240 16875 688401 671766 X 1045790 1037487 1045790 1037487 1734191 1709253 -8303 0 X 0 1 X 1 1 1 X 263727 282217 278278 285531 286565 1396318 263727 282217 278278 285531 286565 1396318 1396318 237 200 151 163 329 1080 1397398 745281 0.99920 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185852 185852 2053769 1282884 770885 88079 88079 0 956737 SPECIAL ASSESSMENTS 4618 TENANT SECURITY DEPOSITS 12257 16875 X 457744 0 457744 0 457744 466047 0 466047 0 466047 PART X, LINE 2: THE PROJECT AND ITS NONPROFIT OWNER ARE EXEMPT FROM INCOME TAXES ON EXEMPT PURPOSE INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RELINGS, COURT DECISIONS, AND OTHER EVIDENCE. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THE DUE DATE OF THE RETURNS. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZAITON HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. FORM 990, PART VI, SECTION A, LINE 3 HOMESTEAD PLACE ENTERED INTO AN AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA, TO ACT AS ITS AGENT IN THE OPERATION OF THE PROJECT'S PROPERTIES AND TO MAKE ALL COLLECTIONS FOR IT. THE MANAGEMENT AGREEMENT PROVIDES FOR A MONTHLY MANAGEMENT FEE OF 9% OF GROSS COLLECTIONS RECEIVED DURING THE MONTH. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE COGNIZANT OF THE INTEREST RULES AND UPON DISCOVERY OF POTENTIAL CONFLICTS, IT IS DISCUSSED AMONG THE BOARD MEMBERS AND STAFF. 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.