2025-03-10T17:11:53-04:00 2024-12-31 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2024-01-01 421298086 POWESHIEK AREA HOUSING INC POWE 5634326160 214 4TH AVE WEST GRINNELL IA 50112 DOUGLAS CAMERON PRESIDENT 5152230300 2025-03-06 true false ROSS VANLAAR CPA P01532250 5156203050 2025-03-10 2024 2025-03-06 01:10:19Z DOUGLAS CAMERON 507 STATE STREET GRINNELL IA 50112 510691 false X X 1987 IA PROVIDE HOUSING FOR SENIOR CITIZENS AND MENTALLY HANDICAPPED. 6 6 0 6 0 0 698198 506217 3945 4474 0 702143 510691 0 0 22560 20104 0 0 499021 453690 521581 473794 180562 36897 1466557 1438055 1732947 1667548 -266390 -229493 PROVIDE HOUSING FOR SENIOR CITIZENS AND MENTALLY HANDICAPPED. false false 389730 506217 PROVIDE RENTAL HOUSING FOR 9 MENTALLY HANDICAPPED APARTMENTS AND 51 ELDERLY APARTMENTS THROUGH FEDERALLY SUBSIDIZED LOANS AND RENTAL ASSISTANCE. ORGANIZATION ACHIEVED 79% OCCUPANCY. 389730 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 true false false false true 4 0 true 0 false false false false false false false false false false false false X 6 6 false true false false false false false true true false false false false true true true true false X JOHN PETERSON 5634326160 205 E 1ST ST MECHANICSVILLE IA 52306 X DOUGLAS CAMERON PRESIDENT 0.25 X X 0 0 0 FRANK SHULTS VICE PRESIDE 0.25 X X 0 0 0 KATE SLATER SECRETARTY/T 0.25 X X 0 0 0 DORIS L HOTCHKIN DIRECTOR 0.25 X 0 0 0 BETTY LUDDEN DIRECTOR 0.25 X 0 0 0 PAUL KOLPIN DIRECTOR 0.25 X 0 0 0 false false false GERMAN PLUMBING HEATING & COOLING 610 1ST AVE GRINNELL IA 50112 PLUMBING 104862 1 VERY LOW RENTAL INCOME 531110 250523 250523 FEES & CONTRACTS GOV AGENCIES 531110 250386 250386 LAUNDRY AND VENDING 531110 4208 4208 MISCELLANEOUS INCOME 531110 1100 1100 506217 4474 4474 510691 500909 9782 18624 18624 1480 1480 29132 29132 158 158 13175 13175 7293 7293 13544 13544 193274 193274 62542 62542 47904 47904 86668 86010 658 473794 389730 84064 0 16467 5404 813135 716703 616 6300 6300 3463071 2853159 523518 609912 107137 99120 1466557 1438055 9009 14053 1705209 1637476 18729 16019 1732947 1667548 X -266390 -229493 -266390 -229493 1466557 1438055 36897 X false true X true true true X 465105 469296 522337 536097 500909 2493744 34046 32887 8504 162101 5308 242846 499151 502183 530841 698198 506217 2736590 161145 139055 186337 227216 200909 914662 161145 139055 186337 227216 200909 914662 1821928 1022 618 822 3945 4474 10881 1022 618 822 3945 4474 10881 500173 502801 531663 702143 510691 2747471 0.66310 0.68610 0.00000 0.00000 X 51606 51606 2918690 2542116 376574 31042 31042 33213 30444 2769 428520 249557 178963 609912 UNAMORTIZED LOAN COSTS 99120 99120 SECURITY DEPOSIT LIABILITY 16019 16019 X 510691 510691 510691 473794 473794 473794 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS INCORPORATED UNDER THE LAWS OF IOWA AS A NON-PROFIT ORGANIZATION. BECAUS OF ITS NON-PROFIT STATUS, THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3). THE ORGANIZAZTION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION ENTERED INTO AN AGREEMENT FOR MANAGEMENT SERVICES WITH RIGHTWAY MANAGEMENT SERVICES, EFFECTIVE MAY 1, 2020. RIGHTWAY IS TO BE COMPENSATED BY MONTHLY FEES TOTALING 5.8% OF RESIDENTIAL INCOME COLLECTED AS WELL AS 7% OF ALL OTHER MISCELLANEOUS INCOME RECEIVED DURING THE MONTH FOR THE YEARS ENDING DECEMBER 31, 2024 AND 2023. THE AGREEMENT RENEWS UNLESS NOTIFICATION IS MADE OF AN INTENTION TO TERMINATE THE AGREEMENT. HUD AUTHORIZES A RELEASE OF EXCESS FUNDS FROM THE RESIDUAL RECEIPTS ACCOUNT TO OFFSET SECTION 8 SUBSIDY. ALTHOUGH THE OFFSET OF THE SECTION 8 SUBSIDY IS NOT CONSIDERED GROSS COLLECTIONS, MANAGEMENT FEES CAN STILL BE COLLECTED ON THE FUNDS RELEASED FOR THE OFFSET AS AUTHORIZED BY HUD. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 WILL BE REVIEWED BY A MEMBER OF THE MANAGEMENT COMPANY AND THEN PRESENTED AT A BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C ALTHOUGH THERE IS NO FORMAL WRITTEN CONFLICT OF INTEREST POLICY, THE BOARD MEMBERS ARE AWARE OF SUCH SITUATIONS AND HAVE COMPLIED WITH AN INFORMAL, UNWRITTEN POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE MANAGEMENT FEE IS DETERMINED AND APPROVED BY HUD. FORM 990, PAGE 6, PART VI, LINE 15B THERE ARE NO COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF THE 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE BUSINESS OFFICE. GRINNELL AREA HOUSING 9200 ANDERMATT DR STE A LINCOLN NE 68526 237356791 RENTAL IA 501C4 N/A false UNCLE SAM'S INC 9200 ANDERMATT DR STE A LINCOLN NE 68526 391876988 RENTAL IA 501C3 10 N/A false false false false false false false false false false false false false false false false false false false false