2026-08-18T17:47:05-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2025-01-01 522127808 THE CAPITOL HILL COOPERATIVE HSG ASSOC CAPI 2025441274 750 6TH STREET SE WASHINGTON DC 20003 NICOLE SMITH PRESIDENT 2025441274 2026-08-02 1 LORI ROTHE YOKOBOSKY P01273422 4107834900 2026-07-31 2025 2025-03-06 01:10:19Z NICOLE SMITH 750 6TH STREET SE WASHINGTON DC 20003 2172575 0 X WWW.TOWNHOMESDC.COM X 1998 MD TO PROVIDE MEMBERS WITH HOUSING ON A NOT-FOR-PROFIT MUTUAL BENEFIT BASIS. 9 9 0 9 0 0 0 0 1948434 1997137 141344 175438 0 0 2089778 2172575 0 0 0 0 0 0 0 0 0 1648668 1756574 1648668 1756574 441110 416001 10780523 11213359 458894 544049 10321629 10669310 TO PROVIDE MEMBERS WITH HOUSING ON A NOT-FOR-PROFIT MUTUAL BENEFIT BASIS. 0 0 1555436 1997137 THE ASSOCIATION CONSISTS OF 134 UNITS AND A COMMUNITY CENTER LOCATED IN WASHINGTON, DC. THE ASSOCIATION WILL PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES EARNING LESS THAN 80%, BUT UP TO 115% OF THE DISTRICT OF COLUMBIA AREA MEDIAN INCOME. THE ASSOCIATION COMMENCED OPERATIONS IN 1999. 1555436 0 0 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X JAGRTI KUMAR 6178227321 150 MOUNT VERNON STREET BOSTON MA 02125 X NICOLE SMITH PRESIDENT-OFFICER 5.00 X X 0 0 0 BLAKE PIERCE VICE PRESIDENT-OFFICER 5.00 X X 0 0 0 BONNIE BURGESS TREASURER-OFFICER 5.00 X X 0 0 0 HELEN MATHESON SECRETARY-OFFICER 5.00 X X 0 0 0 LISA HUNT DIRECTOR 5.00 X 0 0 0 JAMES BULLOCK DIRECTOR 5.00 X 0 0 0 KATE DENSON DIRECTOR 5.00 X 0 0 0 MARCUS THURSTON DIRECTOR 5.00 X 0 0 0 JUANITA JONES DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 1928842 1928842 OTHER INCOME 531110 68295 68295 1997137 175438 175438 2172575 1997137 0 175438 X 86800 86800 4403 4403 28905 28905 498705 498705 139 139 60543 60543 38604 38604 566173 566173 REPAIRS AND MAINTENANCE 370524 370524 BAD DEBTS 47691 47691 RESIDENT SERVICES 29197 29197 24890 24890 1756574 1555436 201138 0 56703 27432 2053425 2072243 43276 33073 42324 22201 9641317 3985311 5762258 5656006 2822537 3402404 10780523 11213359 49505 7109 26200 23718 383189 513222 458894 544049 X 10321629 10669310 10321629 10669310 10780523 11213359 X 416001 -39044 -29276 X 0 1 X 1 0 1 1 0 526035 256442 269593 7390983 2227848 5163135 1724299 1501021 223278 5656006 SECURITY DEPOSITS 383914 REPLACEMENT RESERVE 2053891 RESTRICTED CASH 964599 3402404 ACCRUED EXPENSES 163222 ACCRUED ASSET MANAGEMENT FEE 350000 513222 X 2172575 0 2172575 0 2172575 1756574 0 1756574 0 1756574 PART X, LINE 2: THE ASSOCIATION RECEIVED A DETERMINATION LETTER FROM THE IRS TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2025. DUE TO ITS TAX-EXEMPT STATUS, THE ASSOCIATION IS NOT SUBJECT TO INCOME TAXES. THE ASSOCIATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ASSOCIATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ASSOCIATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2022 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS MANAGED BY A THIRD PARTY MANAGEMENT COMPANY HIRED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 6 WHEN BUYING INTO THE COOPERATIVE, AN INDIVIDUAL ACQUIRES A COOPERATIVE INTEREST EVIDENCED BY A MEMBERSHIP CERTIFICATE AND A POSSESSORY INTEREST IN A SPECIFIC UNIT, AS EVIDENCED BY A PROPRIETARY LEASE. THE INDIVIDUAL IS THEN A COOPERATIVE MEMBER ("MEMBER") WITH ONE VOTE IN THE COOPERATIVE. THE PURCHASE PRICE FOR A UNIT CONSISTS OF AN INITIAL PAYMENT ("PURCHASE PAYMENT"). THE PURCHASE PAYMENT IS 5% OF THE MEMBER'S IMPUTED AREA MEDIAN INCOME DETERMINED IN ACCORDANCE WITH THE REGULATORY AND OPERATING AGREEMENT, ADJUSTED FOR SIZE OF THE UNIT AND THE INCOME OF THE MEMBER. THIS INITIAL PAYMENT IS HELD IN AN ESCROW ACCOUNT (THE "SHARE TRANSFER ACCOUNT"). THE MEMBER IS REQUIRED TO PAY MONTHLY CARRYING CHARGES BASED ON 30% OF THE MEMBER'S AREA MEDIAN INCOME. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS-THE AFFAIRS OF THE COOPERATIVE SHALL BE GOVERNED BY A BOARD OF DIRECTORS COMPOSED OF AT LEAST FIVE PERSONS AND NO MORE THAN NINE, ALL OF WHOM SHALL BE AT LEAST EIGHTEEN YEARS OLD AND MEMBERS OF THE COOPERATIVE. IN NO CASE MAY MORE THAN ONE PERSON PER HOUSEHOLD SERVE ON THE BOARD OF DIRECTORS AT THE SAME TIME. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS SHALL HAVE ALL THE POWERS AND DUTIES NECESSARY FOR THE PROPER ADMINISTRATION OF AFFAIRS OF THE COOPERATIVE, SUBJECT TO THE OVERSIGHT OF DCHA AND THE NEW COMMUNITY TRUST PURSUANT TO THE R&O AGREEMENT, AND MAY DO ALL SUCH ACTS AND THINGS AS ARE NOT PROHIBITED BY APPLICABLE LAW, THE R&O AGREEMENT, OR THE BYLAWS AND AS ARE NOT BY LAW OR THE BYLAWS DIRECTED TO BE EXERCISED AND DONE BY THE MEMBERS OR COMMITTEES. MEMBERS OF THE BOARD OF DIRECTORS SHALL STAND IN A FIDUCIARY RELATIONSHIP TO THE COOPERATIVE AND SHALL PERFORM THEIR DUTIES IN A MANNER THEY REASONABLY BELIEVE TO BE IN THE BEST INTEREST OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B DRAFT SENT TO MANAGEMENT COMPANY FOR REVIEW AND TIE OUT OF FINANCIAL INFORMATION FOR ACCURACY. ADDITIONALLY, DRAFT SENT TO COOPERATIVE BOARD FOR REVIEW OF FINANCIAL INFORMATION FOR RELIABILITY. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS ARE REQUIRED TO SIGN THE CODE OF CONDUCT POLICY, WHICH HAS BEEN APPROVED BY THE CURRENT BOARD AND IS IN EFFECT. THAT POLICY INCLUDES A CLAUSE ON CONFLICT OF INTEREST FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SALARIES: PROGRAM SERVICE EXPENSES 498,705. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 498,705. FORM 990, PART XI, LINE 9: TENURE CREDIT ACTIVITY -48,798. CHANGE IN SHARE PRICE DEPOSITS 19,522. DOCUMENT RETENTION AND DESTRUCTION, PART VI, SECTION B, LINE 14 DOCUMENT RETENTION AND DESTRUCTION POLICIES ARE THOSE MAINTAINED BY OUR MANAGEMENT COMPANY.