2025-02-13T08:49:33-08:00 2023-12-31 341794580 KEVIN L PENN INC 11811 SHAKER BLVD STE 421 CLEVELAND OH 44120 990 2023-01-01 341603502 Holy Redeemer Senior Citizens Facility HOLY 2165313313 15712 Kipling Avenue Cleveland OH 44110 Rev Martin Polito Trustee 2165313313 2024-04-15 true true Kevin L Penn P01435979 2164211000 2025-02-13 2023 2025-03-06 01:10:19Z Same Rev Martin Polito 15712 Kipling Ave Cleveland OH 44110 550117 false X N/A X 1989 OH To acquire, construct and operate rental property, primarily for the purpose of housing elderly individuals. 7 7 0 7 0 0 360201 357059 163784 190431 457 267 5719 2360 530161 550117 0 0 175865 152640 0 0 422153 413222 598018 565862 -67857 -15745 1186305 1180034 2967296 2976770 -1780991 -1796736 To acquire, construct and operate rental property, primarily for the purpose of housing elderly individuals. false false 535324 357059 550117 Low-income housing for elderly - 50-unit Project of which approximately 66% of rents are subsidized by the U.S. Department of Housing and Urban Development. 535324 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false false false X 7 7 true true false false false false false true true false false true false false false false false false OH X Millennia Housing Management LTD 2165201250 8111 Rockside Road 200 Cleveland OH 44125 X Eddie Corello Trustee 1.00 X 0 0 0 Michelle Corello Trustee 1.00 X 0 0 0 Joseph Ianetta Trustee 1.00 X 0 0 0 Joel Pantano Trustee 1.00 X 0 0 0 Rev Martin Polito Trustee 1.00 X 0 0 0 Jack Thomas Trustee 1.00 X 0 0 0 Victoria Thomas Trustee 1.00 X 0 0 0 0 0 0 false false false 357059 357059 Tenant Rental Income 531390 190431 0 0 190431 267 0 0 Laundry and Vending Revenue 531390 1393 1393 0 0 Miscellaneous 531390 967 967 0 0 2360 550117 193058 0 0 133809 133809 0 0 7562 7562 0 0 11269 11269 0 0 30538 0 30538 0 21928 21928 0 0 547 547 0 0 9781 9781 0 0 156187 156187 0 0 80971 80971 0 0 34699 34699 0 0 Contracts 33765 33765 0 0 Supplies 5606 5606 0 0 Heating/Cooling Repairs 2129 2129 0 0 Security Contract 841 841 0 0 36230 36230 0 0 565862 535324 30538 0 51943 10316 135 238829 14872 24322 2998555 2133860 945666 864695 173689 41872 1186305 1180034 78335 85053 974 5070 2875800 2875800 12187 10847 2967296 2976770 X -1780991 -1796736 -1780991 -1796736 1186305 1180034 -15745 X X false true true true true X 0 0 485296 505029 520040 523985 547490 2581840 0 0 0 485296 505029 520040 523985 547490 2581840 0 0 0 2581840 421 420 513 457 267 2078 421 420 513 457 267 2078 2583918 0.99920 0.99920 0.00080 0.00080 X 0 5000 5000 2929407 2079998 849409 64148 53862 10286 864695 Tenant Security Deposits 14342 Property Replacement Reserve 15742 Residual Receipts Reserve 11788 41872 Tenant Security Deposits 10847 10847 X 550117 550117 550117 565862 565862 565862 Pt X, Line 2 The Project is tax exempt under section 501(C)(3) of the Internal Revenue Code of 1986. No provision for federal income taxes has been reported in its financial statements. Income taxes are accounted for under the provisions of the Income Taxes topic of the FASB ASC. Uncertain income tax positions are evaluated at least annually by management. The Project classifies interest and penalties related income tax matters as taxes and insurance in the accompanying financial statements. As of December 31, 2023 and 2022, the Project has identified no uncertain income tax positions and has incurred no amounts for income tax penalties and interest for the year then ended. Pt VI, Line 2 Jack Thomas and Victoria Thomas are related. Michelle Corello and Eddie Corello are related. Pt VI, Line 3 The Project pays management fees to Millennia Housing Management, LTD. Pt VI, Line 11b The 990 tax return is reviewed by Members of the Board, before filing. Pt VI, Line 19 The Organization does not make its governing documents or financial statements available to the Public. Pt XII, Line 2c The process has not changed from the prior year.