2025-03-24T14:07:47-07:00 2024-06-30 454220136 Cindy Fulton CPA LLC 3270 Ivanhoe Ave St Louis MO 63139 990 2023-07-01 430997910 Youth Education and Health in Soulard YOUT 3144130771 1924 S 12th St Louis MO 63104 Robert Brandhorst President 3144130771 2024-11-14 true true Cindy Fulton P01066528 3146442700 2025-03-16 X 2023 2025-03-06 01:10:19Z Robert Brandhorst 1924 S 12th St Louis MO 63104 1302799 false X N/A X 1972 MO YEHS owned and managed properties provide low-income housing. 5 5 10 5 0 0 950 0 277493 376390 -4557 752015 -28712 4920 245174 1133325 0 0 141700 238176 0 4925 191983 260660 333683 498836 -88509 634489 6525131 4062517 341580 55891 6183551 4006626 YEHS owned and managed properties provide low-income housing. false false 420061 0 321229 YEHS rental property provided affordable apartments to 100 individuals and families. Many of YEHS tenants are long-term. YEHS longest-term tenant has leased from YEHS for 49 years. YEHS owns a 15-unit complex known as the Compound which is made up of efficiency apartments. These are leased to single folks on a fixed income. YEHS sets the rents based on income. The average monthly rent is less than $300. Many of the apartments are leased to lifetime Soulardians including several, now retired, who were in YEHS first summer youth employment program. YEHS owns several storefronts which YEHS leases to businesses below market or are used for community purposes including gallery space for the arts, one of YEHS missions. YEHS board members serve on the Board of Directors of Mardi Gras, Inc. which sponsors festivals in the Soulard neighborhood. 21396 0 55161 Rental property management and maintenance services were provided to two real estate partnerships in which YEHS is a partner. These entities provided housing to 170 low and moderate income individuals and families. One partnership is a Section 8 project-based development housing 32 low-income families. The project has 12 4-bedroom townhomes, 12 3-bedroom townhomes, and 8 2-bedroom flats. YEHS partners with Humanitri, a local charity, to transition families from homeless shelters to longer-term transitional housing. Other tenants are long-term Soulardians. YEHS developed this project to help preserve an economic mix during Soulards gentrification. YEHS was also the developer/sponsor of the Allen Market Lane Apartments that provides rental units for the elderly with HUD rental assistance. This project was the first warehouse conversion to residential in the State of Missouri in 1979. 441457 true false false false false false false false false false true false false 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 true false false false false true 10 0 10 true false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true false false false X X Robert Brandhorst 3144130771 YEHS 1924 S 12th St Louis MO 63104 Robert Brandhorst President 0.90 X X 0 0 0 Isa Aziz Board member 0.30 X 0 0 0 Robert Reinhold Board member 0.50 X 0 0 0 Sikina Lee Secretary 0.30 X 0 0 0 Michelle Northington Board member (part-year) 0.30 X 0 0 0 Robert Brandhorst As Exec.director 30.00 X X 50693 0 5333 50693 0 5333 0 false false false 0 Property mgmt. fees 531310 55161 0 0 Rental income 531110 321229 0 0 376390 206489 0 206489 715000 169474 545526 545526 0 0 545526 Land rent 531190 4920 4920 0 0 4920 1133325 381310 0 752015 66716 49151 13174 4391 120109 104118 15991 0 25660 22590 3070 0 25691 22410 2953 328 437 337 100 0 7069 0 7069 0 36149 35649 500 0 6521 5703 756 62 3388 3049 305 34 102484 97568 4916 0 4179 4179 0 0 475 0 475 0 570 0 570 0 50767 50767 0 0 5339 4599 666 74 Payroll processing 3633 3270 327 36 Repairs/maint./appliances 34058 34058 0 0 Other 5591 4009 1582 0 498836 441457 52454 4925 116577 89050 44994 1236 902391 1109608 6269 600 2154888 1478581 859838 676307 487500 4107562 2185716 6525131 4062517 50042 35636 60198 0 206936 0 24404 20255 341580 55891 X 6183551 4006626 6183551 4006626 6525131 4062517 634489 -2811414 X X false false false X 0 51094 189094 38318 950 0 279456 0 0 51094 189094 38318 950 0 279456 0 279456 277290 180855 211454 227346 211409 1108354 0 0 1387810 1520604 0.20140 0.20160 X 0 0 0 Pt II Ln 17a From the inception of the organization, one of its key missions has been to provide housing to low-income and sometimes indigent individuals at below-market rates. Especially during the early years of existence, management purchased numerous buildings at very reasonable rates, some of which were renovated, to provide housing which is one of its missions. Over the years, using contributions, grants, and contracts and operating the organization in a very frugal manner, all mortgages and loans on the real estate have been paid. In this fiscal year there was a loss on rentals and a small amount of income on management of other low-income rental properties. The intention is to make only a modest net income to cover the small amount of non-program expenses although that did not happen this fiscal year due to unusual building maintenance costs and vacancies. Based on the criteria of Regulations section 1.170A-9(f)(7)(iii), we feel the organization meets the criteria for being publicly-supported by:1.170A-9(f)(3)(i) - Its public support % on Sch. A, page 2, line 14 being 20.14% is above the 10% minimum. In the fiscal year ending 6/30/23 the percentage was 20.16%. 1.170A-9(f)(3)(ii) - Due to limited staff, the board and staff do not generally seek individual or corporate contributions. One of the staff is an active member of the neighborhood association that supports community events. In addition, staff assist with several local not-for-profits that provide support for homeless and low-income residents. Since 1972 the organization has maintained a presence in the Soulard area of the City of St. Louis and has provided resources and support for its programs - low-income housing, the YouthBuild program, a charter school for teens in the YouthBuild program, and various types of housing and financial counseling. 1.170A-9(f)(3)(iii)A - The organizations percent of public support to total support is 20.14%, above the 10% minimum. Over the years, the organizations activities were managed in such a way that there was a substantial amount of unrestricted net assets from public and government support. A majority of the unrestricted net assets was used to purchase mortgages on buildings in the community that provide low-income housing, helping insure that they wouldnt be sold and demolished or converted to market rate housing. Unrestricted net assets have also been loaned to several entities that provide low-income housing to eligible individuals and families. Both of these uses of funds have and continue to provide a substantial amount of interest income. The investment income is evidence of being publicly-supported since the funds originally came from sources of public and government support. 1.170A-9(f)(3)(iii)B - Sources of public support in the past have been government grants and contributions from local corporations. No members of a single family or related persons provide any support which might indicate the organization is really a private foundation. 1.170A-9(f)(3)(iii)C - The organizations board of directors (required by the bylaws) consists of unrelated individuals who all are supportive of YEHS missions. One board member is a founder of the organization, one is an attorney, others have been staff and/or tenants and are graduates of YEHSYouthBuild St. Louis GED program in the past so are very familiar with the activities, and one is familiar with real estate in the Soulard area. Board meetings are held as required by the bylaws. They were selected for their knowledge of the fields in which YEHS operates. 1.170A-9(f)(3)(iii)D - YEHS rents its properties to the general public if the individuals meet the 80% or below median income criteria. Based on the criteria for meeting the public support test, we feel that YEHS has, based on the information provided above, and will continue to meet the Facts and Circumstances Test even though the public support percentage is below the 33 1/3%. In this fiscal year revenue from public and other support was 56% of the total for related activities. In the previous year, the public and other support was 82%, considerably above theinsignificant amount as noted in the 990 instructions for Sch. A, pg. 2, line 12. YEHS is unique in that its founders, using foresight about the need for low-income housing, using sound business practices to purchase and maintain real estate, and operating in a very frugal manner over the years, has a significant amount of real estate that is debt-free in a prime area close to downtown St. Louis that helps maintain low-income housing and helps diversify and preserve the community. 0 79006 79006 2075882 1478581 597301 676307 Due from other entities - see Sch. R 2185716 2185716 Tenant security deposits 20255 20255 Pt VI, Line 11b The 990 was emailed to board members with a comment period and a request for either an approval of the 990 or with additions/changes. Responses were then summarized, and any changes were forwarded to the tax return preparer for inclusion in the final return. Pt VI, Line 19 The 990s are available on Candid (formerly Guidestar) and similar websites, and they and the other organizing documents are available upon request. Pt VI, Line 12c One of the board members maintains the annual conflict of interest forms prepared by each board member. No conflict has arisen to date, but appropriate steps would be taken to monitor the situation based on the type of conflict involved. Pt VI, Line 1a The executive director of the organization is a member of the board of directors and is president, allowed by Missouri law. He is a voting member of the board except for matters related to his compensation and any other employment issues that might arise. Other Pt.XII, line 2a - The organization contracts with an independent CPA to perform accounting oversight functions on an ongoing basis, to provide preparation engagement financial statements, and to prepare the 990s. Pt XII, Line 2c Due to the small size of the board, all members were involved in the review and acceptance of the in-house financial statements and the 990 for this fiscal year and the selection of the outside CPA who prepares them. Other Line 9 - In the fiscal year, an appraisal of the assets of one of the partnerships in which YEHS is the general partner was obtained which indicated that the estimated fair market value of the real estate owned by the partnership (collateral for YEHS mortgage and accounts receivable) was significantly less than the asset values on YEHS books. To not overstate the value for accounting purposes, this adjustment reduced the value on YEHS books to the total per the appraisal. Waverly Place AssocLTD 1924 S 12th St Louis MO 63104 431405613 Rental R/E MO YEHS Related -13884 13426 false 0 true 0.04830 Soulard In-Fill AssocLP 1924 S 12th St Louis MO 63104 431283662 Low-income Housing MO YEHS Related -7825 19197 false 0 true 0.05010 true false false true false false false false false false false true false true true false true false false Interest on loans and rent a 211159 cash/accrual Management fees and exp paid l 33817 cash/accrual Staff salarieswages and fringe benefits o 227919 cash/accrual Charges for space use n 4490 cash/accrual Advances q 31465 cash