2025-11-17T14:21:49-06:00 2024-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-01-01 383337549 HOMESTRETCH NONPROFIT HOUSING CORPORATION HOME 2319476001 400 BOARDMAN AVE 10 TRAVERSE CITY MI 49684 GEOFF STREIT PRESIDENT 2319476001 2025-11-11 1 1 AMBER RATHBUN CPA P01786612 5173237500 2025-11-11 2024 2025-03-06 01:10:19Z GEOFF STREIT 400 BOARDMAN AVE 10 TRAVERSE CITY MI 49684 1518710 0 X WWW.HOMESTRETCHHOUSING.ORG X 1996 MI TO PROVIDE DECENT, AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME. 14 14 7 13 0 0 2260630 700333 354039 338865 6678 6583 448964 472929 3070311 1518710 0 0 0 0 254046 309630 0 0 0 717358 717256 971404 1026886 2098907 491824 7360646 10395114 3909665 6452309 3450981 3942805 TO PROVIDE DECENT, AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME. WE SHALL PROVIDE AND PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING FOR PRESENT AND FUTURE LOW TO MODERATE INCOME RESIDENTS OF THE COMMUNITY. 0 0 794958 811794 HOMESTRETCH NONPROFIT HOUSING CORPORATION WAS AWARDED A $50,000 GRANT FROM THE OFFICE OF RURAL PROSPERITY WHICH ENABLED THEM TO HIRE JESSE WOLFF FOR THE ROLE OF DIRECTOR OF REAL ESTATE DEVELOPMENT. THE ORGANIZATION PAID OFF THE DUPLEX/BOARDMAN LOAN AT THE END OF 2024, MET THE FUNDING THRESHOLD FOR BOTH CARVER AND FRANKFORT, AND BROKE GROUND FOR BOTH PROJECTS IN 2024. ADDITIONALLY, THE ORGANIZATION RECEIVED ZONING APPROVAL FOR CRYSTAL COMMONS, A 32-UNIT DEVELOPMENT IN THOMPSONVILLE. HOMESTRETCH NONPROFIT HOUSING CORPORATION RECEIVED A TAX CREDIT AWARD FOR ELK RAPIDS, FLATS ON BRIDGE IN THE AMOUNT OF $7.9 MILLION. THE ORGANIZATION CURRENTLY HAS 8 PROJECTS IN THE PIPELINE CONSISTING OF 67 UNITS IN TOTAL TO BE DEVELOPED. 794958 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 20 0 1 7 1 0 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 1 0 0 MI X TINA RENAULT 2319476001 400 BOARDMAN AVE SUITE 10 TRAVERSE CITY MI 49684 MARILYN CHRUMKA DIRECTOR 2.00 X 0 0 0 KRISTINA SCHNEPF DIRECTOR 2.00 X 0 0 0 BRIANA WALTER DIRECTOR 2.00 X 0 0 0 TIM BURDEN DIRECTOR 2.00 X 0 0 0 MICHAEL BRODSKY DIRECTOR 2.00 X 0 0 0 LANE T PLAMONDON DIRECTOR 2.00 X 0 0 0 JAMES HENDERSON DIRECTOR 2.00 X 0 0 0 JIM LEMIRE DIRECTOR 2.00 X 3515 0 0 MARIE PORTER DIRECTOR 2.00 X 0 0 0 CLAIRE KARNER DIRECTOR 2.00 X 0 0 0 NICOLE HOWARD SECRETARY 4.00 X X 0 0 0 SARNA SALZMAN TREASURER 4.00 X X 0 0 0 THOMAS CRONIN VICE PRESIDENT 4.00 X X 0 0 0 GEOFF STREIT PRESIDENT 4.00 X X 0 0 0 JONATHAN C STIMSON EXECUTIVE DIRECTOR 40.00 X 99137 0 0 102652 0 0 0 0 0 0 0 681311 19022 1829 700333 ADMINISTRATIVE FEES 532000 221865 221865 CONSTRUCTION 236000 117000 117000 338865 6583 6583 442660 0 442660 442660 442660 MISCELLANEOUS INCOME 900099 30269 30269 30269 1518710 811794 0 6583 X 102652 76989 25663 181163 135872 45291 25815 19361 6454 86980 86980 27760 5552 22208 121367 55660 65707 2581 2581 26294 26294 50263 46663 3600 16331 16331 400 300 100 99130 99130 147017 147017 30700 21490 9210 REPAIRS AND MAINTENANCE 87706 78935 8771 MISCELLANEOUS 18428 18428 SUBSCRIPTIONS AND DUES 2299 2299 1026886 794958 231928 0 792721 485513 272144 116374 33935 29666 10020221 1125012 6090623 8895209 171223 868352 7360646 10395114 181054 638976 3706275 5786477 22336 26856 3909665 6452309 X 1528057 2818634 1922924 1124171 3450981 3942805 7360646 10395114 491824 0 X 0 1 X 1 0 X 250328 815468 212135 2260630 700333 4238894 250328 815468 212135 2260630 700333 4238894 830113 3408781 133540 226708 45462 428678 449243 1283631 1468 437 26764 30269 58938 5581463 1195517 0.61070 0.58870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 1,468. 2022 AMOUNT: $ 437. 2023 AMOUNT: $ 26,764. 2024 AMOUNT: $ 30,269. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 884898 884898 5682281 1107561 4574720 20004 17451 2553 3433038 3433038 8895209 MSHDA RESERVES 49239 TENANT SECURITY DEPOSITS 39254 MORTGAGE ESCROW 35630 REPLACEMENT RESERVES 54071 LEASE ASSET 15604 HONOR LDHA 347940 KEYSTONE VILLAGE LDHA LP 250500 HOMESTRETCH ACCOUNT 66664 AFFILIATES 9450 868352 TENANT SECURITY DEPOSITS 16298 LEASE LIABILITY 10558 26856 X PART X, LINE 2: IN THE PREPARATION OF INFORMATIONAL TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE COMPLETE FORM 990 WAS ELECTRONICALLY SENT TO ALL VOTING BOARD MEMBERS PRIOR TO FILING. EACH MEMBER HAD THE OPPORTUNITY TO RESPOND WITH QUESTIONS OR CONCERNS. WHEN ALL CONCERNS WERE SATISFIED, FORM 990 WAS FILED AND A PAPER COPY OF THE FINAL FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE REQUIRED TO GIVE THE BOARD NOTICE OF ANY ISSUE THAT MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD DOES THE ANNUAL PERFORMANCE REVIEW. THE TOP MANAGEMENT'S SALARY WAS DETERMINED USING DATA FROM THE AREA NON-PROFITS AND THEN ADJUSTED FOR ALLOWANCE IN THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, MINUTES, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THESE DOCUMENTS ARE INCLUDED IN THE BOARD OF DIRECTORS BINDER LOCATED IN THE ADMINISTRATIVE OFFICE. FORM 990, PART IX, LINE 11G ARCHITECT/DESIGN FEES: PROGRAM SERVICE EXPENSES 3,918. MANAGEMENT AND GENERAL EXPENSES 15,671. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,589. CONSULTING: PROGRAM SERVICE EXPENSES 39,233. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,233. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 9,594. MANAGEMENT AND GENERAL EXPENSES 38,376. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,970. MARKET RESEARCH FEES: PROGRAM SERVICE EXPENSES 2,915. MANAGEMENT AND GENERAL EXPENSES 11,660. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,575. OAKWOOD LIMITED DIVIDEND HOUSING ASSOCIATION LLC 400 BOARDMAN AVENUE SUITE 10 TRAVERSE CITY MI 49684 383337549 LOW INCOME HOUSING MI 60698 1225554 HOMESTRETCH NONPROFIT HOUSING CORPORATION HONOR LIMITED DIVIDEND HOUSING ASSOCIATION LLC 400 BOARDMAN AVENUE SUITE 10 TRAVERSE CITY MI 49684 383337549 LOW INCOME HOUSING MI 120446 1603843 HOMESTRETCH NONPROFIT HOUSING CORPORATION VINEYARD VIEW LIMITED DIVIDEND HOUSING ASSOCIATION LLC 400 BOARDMAN AVENUE SUITE 10 TRAVERSE CITY MI 49684 383337549 LOW INCOME HOUSING MI 103372 1860469 HOMESTRETCH NONPROFIT HOUSING CORPORATION FRANKFORT LIMITED DIVIDEND HOUSING ASSOCIATION LLC 400 BOARDMAN AVENUE SUITE 10 TRAVERSE CITY MI 49684 383337549 LOW INCOME HOUSING MI 63000 2049458 HOMESTRETCH NONPROFIT HOUSING CORPORATION CARVER LIMITED DIVIDEND HOUSING ASSOCIATION LLC 400 BOARDMAN AVENUE SUITE 10 TRAVERSE CITY MI 49684 383337549 LOW INCOME HOUSING MI 54000 1370029 HOMESTRETCH NONPROFIT HOUSING CORPORATION KEYSTONE VILLAGE LDHA LP 400 BOARDMAN AVE TRAVERSE CITY MI 49684 263800684 RENTAL REAL ESTATE MI HOMESTRETCH NONPROFIT HOUSING CORPORATION RELATED -9 230341 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0