2025-06-26T15:58:44-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2024-01-01 451480958 TOLEDO HOUSING CORPORATION TOLE 4192463777 PO BOX 4550 TOLEDO OH 436100550 DOUGLAS A WILKINS KATHIE CROWLEY 4192463777 2025-06-26 1 1 JESSICA RITTER CPA P03098260 4197942000 2025-06-26 2024 2025-03-06 01:10:19Z DOUGLAS A WILKINS PO BOX 4550 TOLEDO OH 436100550 138728 0 X HTTPS://TOLEDOHOUSINGCORP.ORG X 2011 OH TOLEDO HOUSING CORPORATION WAS FORMED IS TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW-INCOME FAMILIES IN THE TOLEDO, OHIO, AREA. 3 3 0 0 0 0 0 0 83034 75944 0 62784 0 0 83034 138728 0 0 0 0 0 0 0 0 0 19732 342451 19732 342451 63302 -203723 15206671 14948587 5438296 5384032 9768375 9564555 TOLEDO HOUSING CORPORATION WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES IN THE TOLEDO, OH AREA. 0 0 329984 75944 TOLEDO HOUSING CORPORATION WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES IN THE TOLEDO, OHIO AREA. 329984 1 0 0 0 0 0 0 0 0 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 X DOUGLAS WILKINS 4192463777 PO BOX 4550 TOLEDO OH 43610 X DOUGLAS WILKINS PRESIDENT 1.00 1.00 X X 0 0 0 MICHAEL O'NEILL VICE PRESIDENT 1.00 1.00 X X 0 0 0 STACEY FINEBERG SECRETARY 1.00 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 INCENTIVE PERFORMANCE 531110 75944 75944 75944 62784 62784 138728 75944 0 62784 183 183 11472 11472 812 812 194 194 261408 261408 2311 2311 CONTRACTS - GENERAL 58736 58736 CONTRACTS & SUPPLIES 5075 5075 REAL ESTATE TAXES 2260 2260 342451 329984 12467 0 2258467 1909872 184775 184775 3780 3780 102955 9243 96023 93712 11738989 11738989 924637 1017459 15206671 14948587 1585479 1531215 221 221 3800000 3800000 52596 52596 5438296 5384032 X 0 0 0 0 9768375 9564555 9768375 9564555 15206671 14948587 -203723 -97 0 X 1 X 0 0 0 X 158637 58183 216820 158637 58183 216820 216820 170441 165211 172535 62784 570971 787791 246884 0.27520 0.24140 X THE TOLEDO HOUSING CORPORATION (THC) WAS FOUNDED IN 2011 TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW-INCOME INDIVIDUALS.THE ORGANIZATION HAS BEEN UNDERGOING CHANGES AND OVER THE PAST 2 YEARS. IN 2021 THC TOOK OWNERSHIP OF TURNER PROPERTIES, AN 8-UNIT PROJECT BASED SECTION 8 PROPERTY. IN DECEMBER OF 2023, THC PURCHASED THE LIMITED PARTNERSHIP INTEREST IN VISTULA HERITAGE VILLAGE II, A 165-UNIT SCATTERED SITE LOW-INCOME HOUSING TAX CREDIT PROJECT IN NORTH TOLEDO. THC IS CONTINUING TO EXPAND ITS FOOTPRINT IN THE AFFORDABLE HOUSING MARKET WITH PLANS TO ACQUIRE THE GENERAL PARTNERSHIP INTEREST IN TWO ADDITIONAL SECTION 8 PROPERTIES EARLY IN 2025. THC IS CURRENTLY PURSUING A 4% BOND LIHTC DEVELOPMENT TRANSACTION INVOLVING THE SUBSTANTIAL REHAB OF 191-UNITS, 36 SCATTERED SITE PROJECTS IN AND AROUND TOLEDO'S DOWNTOWN. THE PROPOSED TRANSACTION INVOLVES THREE EXISTING, FEDERALLY ASSISTED PROJECTS; VISTULA HERITAGE VILLAGE (165 UNITS; SOUTH TOLEDO HOMES (18 UNITS); AND TURNER PROPERTIES (8 UNITS). THC WILL BE THE LEAD DEVELOPER ON THIS RENOVATION PROJECT. FEDERAL HISTORIC TAX CREDITS DOLLARS HAVE BEEN APPROVED AND ARE PART OF THE PROPOSED TRANSACTION. ADDITIONALLY, THC IS PURSUING POSSIBLE ENERGY GRANTS AT THE FEDERAL, STATE AND LOCAL LEVELS. TO DATE, THC HAS FUNDED THE UPFRONT COSTS ASSOCIATED WITH PUTTING THIS APPLICATION TOGETHER. THE MAJORITY OF THESE DOLLARS WILL BE RETURNED TO THC WHEN THE DEAL CLOSES. THE PROPOSED EXTENSIVE RENOVATIONS OF THESE AFFORDABLE HOUSING UNITS WILL ASSURE THAT THE RESIDENTS CONTINUE TO HAVE SAFE, AFFORDABLE HOUSING FOR THE FORESEEABLE FUTURE. WE HAVE 3 BOARD MEMBERS. THEY REPRESENT BUSINESS, LEGAL AND REAL ESTATE. PUTTING THIS LIHTC BOND APPLICATION TOGETHER HAS TAKEN SIGNIFICANT TIME AND LEADERSHIP FOCUS FROM OUR ALL-VOLUNTEER BOARD. AS WE REFOCUS ON OUR ORIGINAL MISSION, WE ARE BROADENING OUR SOURCES OF SUPPORT INCLUDING BOARD CONTRIBUTIONS, COMMUNITY/FOUNDATION DONATIONS, AND OTHER GRANTS. 10525 10525 92430 9243 83187 93712 INVESTMENT IN THC-NHV, LLC 4730452 C OTHER RESERVES 1009537 C RESERVE REPLACEMENT FUND -200000 C MORTGAGE RECEIVABLE 6199000 C 11738989 OTHER ASSETS 1017459 1017459 ADVANCES 47142 ACCRUED WAGES PAYABLE 271 ACCRUED PAYROLL TAXES PAYABLE 27 ACCRUED PROPERTY TAXES 3606 TENANT SECURITY DEPOSITS 1550 52596 FORM 990, PART VI, SECTION A, LINE 2 DOUGLAS WILKINS, PRESIDENT IS THE FATHER OF STACEY FINEBERG, SECRETARY FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT OF THE BOARD REVIEWS AND CIRCULATES THE DRAFT FORM 990 TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT BEFORE FINALIZING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. VISTULA HERITAGE VILLAGE II 817 N MICHIGAN 21 TOLEDO OH 43604 200265272 OH TOLEDO HOUSING CORPORATION RENTAL REVENUE 150448 -30311 1 0 0.99900 INVESTMENT IN THC-NHV LLC 1931 SCOTTWOOD AVE SUITE 700 TOLEDO OH 43620 300846788 LOW INCOME HOUSING - RENTAL REAL ESTATE INVESTMENT OH TOLEDO HOUSING CORPORATION C -618 725298 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0