2025-08-06T09:33:10-05:00 2025-04-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-05-01 431112009 FREEWAY HOMES INC FREE 8165614240 7920 WARD PARKWAY KANSAS CITY MO 64114 FAYE ETTA PARKS PRESIDENT 8165614240 2025-08-01 1 1 LISA BURKE P00220718 8169455500 2025-08-01 2024 2025-03-06 01:10:19Z FAYE ETTA PARKS 7920 WARD PARKWAY KANSAS CITY MO 64114 859145 0 X WWW.LIVEATFREEWAY.COM/ X 1975 MO FREEWAY HOMES, INC. PROVIDES CO-OP HOUSING FOR LOW INCOME PEOPLE. 3 3 4 3 0 0 262140 480236 375931 361040 17871 17869 0 0 655942 859145 0 0 0 0 118972 149662 0 0 0 461427 592520 580399 742182 75543 116963 1208045 1321280 1146062 1142334 61983 178946 TO OPERATE A HOUSING DEVELOPMENT UNDER SEC. 202 OF THE NATIONAL HOUSING ACT. RENT CHARGES, MAJOR ADDITIONS, RENOVATIONS, AND CASH DISTRIBUTIONS TO OFFICERS AND DIRECTORS ARE SUBJECT TO PRIOR APPROVAL BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 0 0 628103 361040 FREEWAY HOMES, INC WAS ORGANIZED TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN KANSAS CITY, MISSOURI, AND TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 64 UNITS. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS RESULTING FROM THE ORGANIZATION'S HOUSING ASSISTANCE (HAP) CONTRACT. THE ORGANIZATION PROVIDES CO-OP HOUSING TO LOW INCOME PEOPLE. THE AFFAIRS OF THE ORGANIZATION ARE MANAGED BY THE BOARD OF DIRECTORS. 628103 0 1 0 0 0 0 0 0 0 1 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 7 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 0 MO X FRED ARREGUIN CFO YARCO COMPANY INC 8165614240 7920 WARD PARKWAY KANSAS CITY MO 64114 X FAYE ETTA PARKS PRESIDENT 1.00 X X 0 0 0 BRENDA TAYLOR DIRECTOR 1.00 X 0 0 0 KAREN CHISHOLM DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 480236 480236 RENT 531110 355267 355267 TENANT CHARGES 531110 5773 5773 361040 17869 17869 859145 361040 0 17869 121117 121117 1024 1024 18269 18269 9252 9252 57601 57601 1474 1474 13678 13678 2291 2291 15278 1557 13721 7951 316 7635 410187 394150 16037 2589 947 1642 32923 32923 46106 46106 231 231 BAD DEBT EXPENSE 2211 2211 742182 628103 114079 0 35922 155311 1136 1878 5438 5041 25219 26318 2918851 2569681 393909 349170 746421 783562 1208045 1321280 26273 28196 9374 5973 1089381 1086312 21034 21853 1146062 1142334 X 61983 178946 61983 178946 1208045 1321280 116963 0 X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88928 88928 2468036 2395459 72577 187962 42490 145472 65686 65686 0 108239 66046 42193 349170 DEPOSITS & RESERVES 783562 783562 DEPOSITS HELD IN TRUST 21853 21853 X PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION IS MADE FOR INCOME TAXES IN THESE STATEMENTS. IN ADDITION, THE ORGANIZATION IS EXEMPT FROM REAL ESTATE TAXES. THE ORGANIZATION HAS ADOPTED THE STANDARDS REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER THE FASB ASC TOPIC "INCOME TAXES." THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES OR IN THE STATEMENT OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO MATERIAL TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE MISSOURI STATE JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2021. FORM 990, PART VI, SECTION A, LINE 3 FREEWAY HOMES, INC. HAS A MANAGEMENT AGREEMENT WITH YARCO COMPANY, INC. ('YARCO'). YARCO EXCLUSIVELY RENTS AND MANAGES THE PROPERTY AND PROVIDES ACCOUNTING SERVICES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION OPERATES A HOUSING DEVELOPMENT UNDER SEC. 202 OF THE NATIONAL HOUSING ACT. ITEMS SUCH AS RENT CHARGES, MAJOR ADDITIONS, RENOVATIONS, AND CASH DISTRIBUTIONS TO OFFICERS AND DIRECTORS ARE SUBJECT TO PRIOR APPROVAL BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD AND THE MANAGEMENT COMPANY, YARCO COMPANY, INC., REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C YARCO COMPANY, INC. MONITORS POLICIES, INCLUDING THE CONFLICT-OF-INTEREST POLICY, ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.