2025-07-09T13:49:42-05:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 351431573 MARYVALE INC MARY 8122325083 711 OHIO STREET TERRE HAUTE IN 47807 JAN HARMENING PRESIDENT 8122325083 2025-07-07 1 1 BRITTANY PHILLIPS P01083761 3178485700 2024 2025-03-06 01:10:19Z JAN HARMENING 711 OHIO STREET TERRE HAUTE IN 47807 1233321 0 X N/A X 1980 IN MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT. 9 9 0 0 0 0 587596 655476 541380 544970 613 706 20618 32169 1150207 1233321 0 0 0 0 0 0 0 0 0 988008 1068613 988008 1068613 162199 164708 2266485 2377624 3581440 3527871 -1314955 -1150247 X MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT. 0 0 897545 544970 MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT. 897545 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IN X YVONNE AVARY CO PFISTER & COMPANY INC 8122325083 711 OHIO STREET TERRE HAUTE IN 47807 X JAN HARMENING PRESIDENT 10.00 X X 0 0 0 SISTER MARY BETH KLINGEL VICE PRESIDENT 5.00 X X 0 0 0 DAVE BONNETT SECRETARY/TREASURER 0.50 X X 0 0 0 JUDITH ANDERSON DIRECTOR 0.50 X 0 0 0 JAMES CALLAHAN DIRECTOR 0.50 X 0 0 0 MICHAEL DAVID KITE DIRECTOR 0.50 X 0 0 0 KATHLEEN MILLER DIRECTOR 0.50 X 0 0 0 CHRIS SWITZER DIRECTOR 0.50 X 0 0 0 LISA WEBSTER DIRECTOR 0.50 X 0 0 0 MELISSA RAFTER FORMER DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 655476 655476 RENTAL INCOME 531110 544970 544970 544970 706 706 LAUNDRY & VENDING 531110 14126 14126 OTHER REVENUE-MISC. 531110 11192 11192 TENANT CHARGES 531110 6851 6851 32169 1233321 544970 0 32875 87024 87024 1637 1637 32154 32154 12155 12155 33583 33583 708394 708394 7323 7323 792 792 52415 52415 MANAGEMENT COMPANY CHAR 129413 129413 BAD DEBT EXPENSE 3723 3723 1068613 897545 171068 0 159271 14676 14171 12643 69579 71043 5759204 4909322 737259 849882 869563 980950 57883 55330 358759 393100 2266485 2377624 323213 352834 2136 1026 3198997 3121338 57094 52673 3581440 3527871 X -1314955 -1150247 -1314955 -1150247 2266485 2377624 164708 0 X X 0 1 X 1 1 1 X 581781 619327 562105 587596 655476 3006285 474163 483499 496563 541380 544970 2540575 1055944 1102826 1058668 1128976 1200446 5546860 0 0 0 5546860 311 256 301 613 706 2187 311 256 301 613 706 2187 17005 23046 20654 20618 32168 113491 1073260 1126128 1079623 1150207 1233320 5662538 0.97960 0.98140 0.00040 0.00030 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 70554 70554 5168578 4623729 544849 205649 127300 78349 314423 158293 156130 849882 RESERVE FOR REPLACEMENTS 933267 C ESCROW DEPOSITS 10632 C RESIDUAL RECEIPTS RESERVE 37051 C 980950 TENANT SECURITY DEPOSITS 52673 CONSTRUCTION IN PROGRESS 340427 393100 TENANT SECURITY DEPOSITS 52673 52673 X 1233321 0 1233321 0 1233321 1087718 19105 19105 1068613 0 1068613 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 ADJUSTMENT 19,105. FORM 990, PART VI, SECTION A, LINE 3 MARYVALE, INC IS MANAGED BY PFISTER & COMPANY, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. PFISTER & COMPANY 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 PFISTER & COMPANY TO MANAGE THE MARYVALE, 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 B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO THE OFFICERS FOR THEIR APPROVAL. AFTER THE OFFICERS APPROVE THE AUDIT, THE ENTIRE BOARD IS GIVEN A COPY OF THE FINAL AUDIT. THE MANAGEMENT COMPANY IS RELIED UPON TO REVIEW THE AUDIT REPORTS WITH THE APPROPRIATE OFFICERS OR THE FINANCE COMMITTEE, IF APPLICABLE. 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.