2026-08-11T15:53:36-05:00 2025-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2025-01-01 431795330 ATCHISON TERRACE INC TERRACE HILLS APARTMENTS ATCH 8165614240 7920 WARD PARKWAY KANSAS CITY MO 64114 MICHAEL HALTERMAN PRESIDENT 8165614240 2026-08-11 1 LISA BURKE P00220718 8169455500 2026-08-11 2025 2025-03-06 01:10:19Z MICHAEL HALTERMAN 7920 WARD PARKWAY KANSAS CITY MO 64114 492066 0 X N/A X 1997 KS AFFORDABLE HOUSING 6 6 2 6 0 0 295609 417785 164037 65552 11013 4262 176233 4467 646892 492066 0 0 0 0 101396 160856 0 0 0 837747 433741 939143 594597 -292251 -102531 1409731 1238102 2049187 1980089 -639456 -741987 AFFORDABLE HOUSING 0 0 480695 70019 THE ORGANIZATION OPERATES A 54-UNIT APARTMENT COMPLEX IN ATCHISON, KANSAS UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENT CHARGES AND OPERATING METHODS RESULTING FROM THE ORGANIZATION'S HOUSING ASSISTANCE (HAP) CONTRACT. 480695 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X YARCO COMPANY 8165614240 7920 WARD PARKWAY KANSAS CITY MO 64114 X MICHAEL HALTERMAN PRESIDENT 1.00 X X 0 0 0 JEROME TILZER VICE PRESIDENT 1.00 X X 0 0 0 JESSE GREENLY SECRETARY/TREASURER 1.00 X X 0 0 0 BILL FOREMAN DIRECTOR 1.00 X 0 0 0 GINNY O'MALLEY DIRECTOR 1.00 X 0 0 0 LOWELL TILZER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 417785 417785 RENTAL INCOME 531110 61422 61422 TENANT CHARGES 531110 4130 4130 65552 4262 4262 LAUNDRY AND VENDING 812300 4083 4083 384 384 4467 492066 70019 0 4262 119182 119182 890 890 31698 31698 9086 9086 33474 33474 2943 2943 19178 19178 2047 2047 3123 3123 13791 13791 5194 5194 273780 238290 35490 1258 1258 80291 80291 RESIDENT ACTIVITIES 80 80 BAD DEBT RECOVERY -1418 -1418 594597 480695 113902 0 92688 26111 85006 20025 42408 37192 2603141 1622238 1043011 980903 146618 173871 1409731 1238102 332278 308290 6500 14606 1702424 1648554 7985 8639 2049187 1980089 X -639456 -741987 -639456 -741987 1409731 1238102 -102531 0 X 0 1 X 0 1 1 X 317967 321860 315078 295609 417785 1668299 317967 321860 315078 295609 417785 1668299 1668299 512 1492 10549 11013 4262 27828 1696127 858131 0.98360 0.98470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68457 68457 2397993 1518751 879242 88842 65790 23052 47849 37697 10152 980903 REPLACEMENT RESERVE 145802 ESCROW DEPOSITS 19314 TENANT DEPOSITS HELD IN TRUST 8639 OTHER RESERVE 116 173871 TENANT DEPOSITS HELD IN TRUST 8639 8639 X 492066 0 492066 0 492066 594597 0 594597 0 594597 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION IS MADE FOR INCOME TAXES IN THESE STATEMENTS. IN ADDITION, THE ORGANIZATION IS EXEMPT FROM REAL ESTATE TAXES. THE ORGANIZATION HAS ADOPTED THE STANDARDS REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER THE FASB ASC TOPIC "INCOME TAXES." THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES OR IN THE STATEMENT OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO MATERIAL TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE MISSOURI STATE JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS JEROME TILZER AND LOWELL TILZER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES YARCO COMPANY, INC. TO MANAGE THE DAY-TO-DAY OPERATIONS OF THE TERRACE HILLS APARTMENTS HOUSING PROJECT. THE MANAGEMENT AGENT PROVIDES SERVICES WITH RESPECT TO MARKETING, RENTALS, COLLECTIONS, ENFORCEMENT OF LEASES, PROPERTY MAINTENANCE AND REPAIRS, EMPLOYEES, RECORDS AND REPORTS. THE MANAGEMENT PLAN PRESCRIBES THE NUMBER, QUALIFICATIONS, AND DUTIES OF PERSONNEL TO BE REGULARLY EMPLOYED IN THE MANAGEMENT OF THE PROJECT. SUCH EMPLOYEES ARE HIRED, SUPERVISED, AND DISCHARGED BY THE MANAGEMENT AGENT. NO OFFICERS OF THE ORGANIZATION ARE EMPLOYED OR COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY AN OFFICER AND MADE AVAILABLE TO THE MANAGEMENT COMPANY AND BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINES 12-14: WHILE THE ORGANIZATION DOES NOT HAVE THE FOLLOWING POLICIES IN PLACE - CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION AND DESTRUCTION POLICIES - THEY ARE IN PLACE AND ENFORCED AT THE MANAGEMENT COMPANY LEVEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.