2025-03-05T15:11:49-06:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 351820748 OPPORTUNITY APARTMENTS INC OPPO 2603472453 PO BOX 817 KENDALLVILLE IN 46755 STEVE HOWELL PRESIDENT / CEO 2603472453 2025-03-05 1 0 EKATERINA GWYN P01333750 3178485700 2023 2025-03-06 01:10:19Z STEVE HOWELL PO BOX 817 KENDALLVILLE IN 46755 191033 0 X N/A X 1990 IN OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD. 5 2 0 2 0 0 115199 127843 55833 60702 1259 1624 1792 864 174083 191033 0 0 0 0 0 0 0 0 0 174472 173213 174472 173213 -389 17820 456652 450123 680093 655744 -223441 -205621 X OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD. 0 0 124975 60702 OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD. 124975 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X RODNEY LUDWIG 5742349923 112 WEST JEFFERSON BLVD SUITE 300 SOUTH BEND IN 46601 X STEVE HOWELL PRESIDENT/CEO 1.00 40.00 X X 0 241942 9893 DOROTHY FUENTES SECRETARY/TREASURER 1.00 40.00 X X 0 119904 5148 JERRY STONER DIRECTOR 1.00 40.00 X 0 112488 5148 REBECCA CALHOUN DIRECTOR 1.00 4.00 X 0 0 0 JENNY LANDEZ DIRECTOR 1.00 4.00 X 0 0 0 VIRGILIA MUELLER HR DIRECTOR 0.50 40.00 X 0 112974 5148 TERESA GREINER MEDICAL DIRECTOR 0.50 40.00 X 0 395009 5148 MANUEL OZOA PHYSICIAN 0.50 40.00 X 0 254903 0 WENDY BODWELL NURSE PRACTITIONER 0.50 40.00 X 0 108159 5148 SAMIR ISHAK PHYSICIAN 0.50 40.00 X 0 321764 12116 0 1667143 47749 0 0 1 0 0 127843 127843 RENTAL INCOME 531110 60702 60702 60702 1624 1624 LAUNDRY & VENDING 531110 600 600 MISC INCOME 531110 264 264 864 191033 60702 0 2488 12319 12319 6934 6934 1908 1908 97888 97888 1856 1856 25559 25559 233 233 MANAGEMENT COMPANY EMPL 25221 25221 BAD DEBTS 1295 1295 173213 124975 48238 0 1013 3862 819 2902 1740 1242 907742 636136 297710 271606 23303 22254 37333 35556 94734 112701 456652 450123 24886 17454 17 9 639952 622368 15238 15913 680093 655744 X -223441 -205621 -223441 -205621 456652 450123 17820 0 X X 0 1 X 1 1 1 X 111852 106255 116354 115199 127843 577503 47636 48377 52220 55833 60702 264768 159488 154632 168574 171032 188545 842271 0 0 0 842271 491 283 229 1259 1624 3886 491 283 229 1259 1624 3886 869 1629 6425 1792 864 11579 160848 156544 175228 174083 191033 857736 0.98200 0.98280 0.00450 0.00330 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37500 37500 763450 555393 208057 87478 68377 19101 19314 12366 6948 271606 SECURITY DEPOSITS 4433 MORTGAGE ESCROW 7913 REPAIR ESCROW 100355 112701 TENANT SECURITY DEPOSITS 4330 DUE TO SPONSOR 11583 15913 X 191033 0 191033 0 191033 173855 642 642 173213 0 173213 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 642. 0 0 0 0 0 0 0 0 0 STEVE HOWELL PRESIDENT/CEO 0 241942 0 0 0 0 0 0 0 9893 0 251835 0 0 TERESA GREINER MEDICAL DIRECTOR 0 395009 0 0 0 0 0 0 0 5148 0 400157 0 0 MANUEL OZOA PHYSICIAN 0 254903 0 0 0 0 0 0 0 0 0 254903 0 0 SAMIR ISHAK PHYSICIAN 0 321764 0 0 0 0 0 0 0 12116 0 333880 0 0 PART I, LINE 6 PER AGREEMENT BETWEEN THE AGENCY AND THE CEO, A BONUS IS PROVIDED TO THE CEO EQUIVALENT TO TWO WEEKS BASE COMPENSATION WHEN THE AGENCY HAS A NET SURPLUS IN ITS AUDITED FINANCIALS, AND THE CEO INCURS A LOSS EQUIVALENT TO TWO WEEKS BASE COMPENSATION WHEN A NET DEFICIT OCCURS IN THE AGENCY'S AUDITED FINANCIALS. FORM 990, PART VI, SECTION A, LINE 3 OPPORTUNITY APARTMENTS, INC. IS MANAGED BY BRADLEY RESIDENTIAL MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRADLEY RESIDENTIAL MANAGEMENT CORPORATION HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED BRADLEY RESIDENTIAL MANAGEMENT CORPORATION TO MANAGE THE OPPORTUNITY APARTMENTS, INC. APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 6 PER THE ORGANIZATIONS BY-LAWS THE DIRECTORS OF THE CORPORATION SHALL BE ITS ONLY MEMBERS. FOR THE PURPOSES OF ANY STATUTE OR RULE OF LAW RELATING TO CORPORATIONS, SHALL HAVE ALL RIGHTS AND PRIVILEGES OF MEMBERS. THE BY-LAWS STATE THAT THE BOARD OF DIRECTORS SHALL BE APPROVED BY THE BOARD OF DIRECTORS OF NORTHEASTERN CENTER, INC. AND EACH DIRECTOR SHALL EITHER BE A MEMBER OF THE BOARD OF DIRECTORS OF NORTHEASTERN CENTER, INC. OR ITS STAFF. FORM 990, PART VI, SECTION A, LINE 7A THE BY-LAWS STATE THAT THE BOARD OF DIRECTORS SHALL BE APPROVED BY-THE BOARD OF DIRECTORS OF NORTHEASTERN CENTER, INC. AND EACH DIRECTOR SHALL EITHER BE A MEMBER OF THE BOARD OF DIRECTORS OF NORTHEASTERN CENTER, INC. OR ITS STAFF. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE PRESIDENT PRESENTS THE 990 AT THE BOARD MEETING FOR THEIR REVIEW. ONCE THE BOARD HAS AN OPPORTUNITY TO ASK QUESTIONS, THE BOARD APPROVES THE FORM 990 AND THE PRESIDENT GIVES APPROVAL TO FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IN IN COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS. IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. COMPENSATION NOTED ON SCHEDULE J, PAGE 2, PART II IS PAID BY AND IS FOR SERVICES RENDERED TO NORTHEASTERN CENTER, INC. FORM 990, PART VI, SECTION C, LINE 19 EXISTING POLICIES, RETURNS AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE MANAGEMENT COMPANY. THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B HOURS WORKED FOR RELATED ORGANIZATIONS: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED, WITH THE EXCEPTION OF JERRY STONER, STEVE HOWELL AND DOROTHY FUENTES. THOSE THREE DIRECTORS ARE EMPLOYED BY NORTHEASTERN CENTER AND WORK A TOTAL OF 40-45 HOURS. FORM 990, PAGE 11, LINE 2C OVERVIEW OF AUDIT FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. NORTHEASTERN CENTER INC PO BOX 817 KENDALLVILLE IN 46755 351403134 COMMUNITY MENTAL HEALTH CENTER IN 501(C)(3) 170(B)(1)(A)(M) 0 PIONEER LODGE I 408 S LINCOLN ST KENDALLVILLE IN 46755 351937581 LOW INCOME HOUSING FOR DISABLED IN 501(C)(3) 509(A)(2) NORTHEASTERN CENTER INC 0 PIONEER LODGE II 1418 BECKLAND DR ANGOLA IN 46755 351937580 LOW INCOME HOUSING FOR DISABLED IN 501(C)(3) 509(A)(2) NORTHEASTERN CENTER INC 0 COMMUNITY FOUNDATION INC PO BOX 817 KENDALLVILLE IN 46755 351837246 PROGRAM DEVELOPMENT AND SPECIAL PROJECTS IN 501(C)(3) 509(A)(2) NORTHEASTERN CENTER INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART V, LINE 1E: DURING THE YEAR ENDED JUNE 30, 2021, NORTHEASTERN CENTER (THE "SPONSOR") ADVANCED $11,583 TO FUND PRIOR DELINQUENT DEPOSITS TO THE RESERVE FOR REPLACEMENTS ACCOUNT. AT JUNE 30, 2024, $11,583 REMAINS PAYABLE. THE ADVANCES BEAR NO INTEREST AND ARE TO BE REPAID FROM RESIDUAL RECEIPTS WITH HUD APPROVAL.