2025-09-17T09:46:04-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2023-01-01 456035977 GRAND FORKS HOMES INC GRAN 7017462545 1405 1ST AVE N GRAND FORKS ND 58203 TERRY HANSON SECRETARY 7017462545 2025-09-17 1 1 BRIAN OPSAHL P01221767 7017754685 2025-09-16 2023 2025-03-06 01:10:19Z TERRY HANSON 1405 1ST AVE N GRAND FORKS ND 58203 4354193 0 X N/A X 1969 ND TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 7 7 0 0 0 0 2584602 2550202 1630831 1741013 50263 62978 0 0 4265696 4354193 0 0 0 0 0 0 0 0 0 4910846 5508236 4910846 5508236 -645150 -1154043 14357840 14092739 13860968 14790159 496872 -697420 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 0 0 4223026 1741013 PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. 4223026 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 0 0 X TERRY HANSON 7017462545 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 X JON KOTRBA MEMBER 1.00 X 0 0 0 JOANI KILBER VICE PRESIDENT 1.00 X X 0 0 0 JAMES WALKER PRESIDENT 1.00 X X 0 0 0 PASTOR PETER COEN TUFF MEMBER 1.00 X 0 0 0 CHERI NEUROTH MEMBER 1.00 X 0 0 0 EMILY FOSSEN MEMBER 1.00 X 0 0 0 JEFFREY GUY MEMBER 1.00 X 0 0 0 TERRY HANSON SECRETARY 5.00 X 0 0 0 0 0 0 0 0 0 0 0 2550202 2550202 GROSS RENTAL REVENUE 531110 1741013 1741013 1741013 62978 62978 4354193 1741013 0 62978 231874 231874 64494 64494 45650 45650 1721 1721 34398 34398 2014795 2014795 3 3 259719 259719 506720 506720 218295 218295 CONTRACT SERVICES 1459777 718461 741316 BAD DEBT 464819 456292 8527 MISC 160855 3628 157227 RENTAL 45116 45116 5508236 4223026 1285210 0 677095 759871 1557351 1570999 517118 606278 1780837 1780837 109452 137414 23732160 14524166 9686641 9207994 29346 29346 14357840 14092739 829552 1920282 13800 13800 12876708 12715475 140908 140602 13860968 14790159 X 962114 984969 -465242 -1682389 496872 -697420 14357840 14092739 -1154043 -40249 0 X 0 1 X 0 0 X 1758378 2379388 2709693 2584602 2550202 11982263 1758378 2379388 2709693 2584602 2550202 11982263 11982263 17010 42496 45275 50263 62978 218022 12200285 8892995 0.98210 0.98440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1047663 1047663 21195600 13124863 8070737 660234 612133 48101 828663 787170 41493 9207994 PREPAID REVENUE 63026 DEPOSITS HELD IN TRUST 77576 140602 X 4354193 0 4354193 0 4354193 5508236 0 5508236 0 5508236 PART X, LINE 2: THE PROJECT AND ITS NONPROFIT CORPORATE OWNERS ARE EXEMPT FROM INCOME TAXES ON EXEMPT PURPOSE INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FEDERAL TAX RETURNS OF THE ORGANIZATION FOR DECEMBER 31, 2023, 2022, 2021 AND 2020 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT 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. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS EQUALLY OWNED BY ITS 8 SEPARATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GRAND FORKS HOMES BOARD ELECTS ITS 9TH BOARD MEMBER FROM A POOL OF RESIDENTS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE ORGANIZATION HAVE THE RIGHT TO APPROVE THE ADDITION/REMOVAL OF A MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH THE RIGHT TO ACT ON THE BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR OF THE GRAND FORKS HOUSING AUTHORITY, THE FINANCE MANAGER, AND AN ADDITIONAL MEMBER OF THE BOARD WILL REVIEW THE 990. 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 BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHOM LLC 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 352525074 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND 1145805 3520188 GRAND FORKS HOMES INC FAITH AND HOPE LP 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 208853812 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND 276910 524246 N/A GRAND FORKS HOMES - LAGRAVE PLACE 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 456035977 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND 635849 1525244 GRAND FORKS HOMES INC GFH WINTERLAND LLC 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 352606746 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND 789403 3267952 GRAND FORKS HOMES INC GFH CONTINENTAL LLC 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 371923394 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND 639505 489672 GRAND FORKS HOMES INC GFH SUPPORTIVE HOUSING LLC 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND 42887 161122 GRAND FORKS HOMES INC MDI LIMITED PARTNERSHIP #35 DBA RIVERSIDE MANORST ANNE'S 1405 1ST AVE N GRAND FORKS ND 58203 411761842 LOW RENT HOUSING ACTIVITY ND GRAND FORKS HOMES INC RELATED 278525 2119577 0 1 1.00000 LAGRAVE ON FIRST LLLP 1405 1ST AVE N GRAND FORKS ND 58203 815247872 LOW RENT HOUSING ACTIVITY ND US BANCORP COMMUNITY DEVELOPMENT CORPORATION RELATED -35 0 1 0.00010 LAGRAVE ON FIRST LLC 1405 1ST AVENUE NORTH GRAND FORKS ND 58203 611810523 TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. ND GRAND FORKS HOME INC C 497884 24611 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0