2026-06-08T13:22:23-05:00 2023-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-01-01 473111962 PRESERVATION HOUSING TRUST PRES 6512090537 755 SELBY AVENUE SUITE A SAINT PAUL MN 55104 RICHARD HUTSELL TREASURER 6512090537 2026-05-28 1 0 LANCE J BROCK P01919631 6512276695 2026-05-28 2023 2025-03-06 01:10:19Z X SHAWN HUCKLEBY 755 SELBY AVENUE SUITE A SAINT PAUL MN 55104 1520058 0 X WWW.PRESERVATIONHOUSINGTRUST.ORG X 2014 MN TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, WHILE INSTILLING RESPECT FOR RESIDENTS. 3 3 0 0 0 0 3500 1000 963723 979545 413 1163 0 538350 967636 1520058 0 0 0 0 194471 248629 0 0 0 971004 1081741 1165475 1330370 -197839 189688 4510535 892284 2527197 92738 1983338 799546 TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, WHILE INSTILLING RESPECT FOR RESIDENTS. 0 0 1330370 1517895 TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, UNDER SECTION 221(D)(4) PURSUANT TO SECTION 223(A)(7) OF THE NATIONAL HOUSING ACT, AS WELL AS RECEIVING HOUSING ASSISTANCE PAYMENTS TO HELP RESIDENTS ON A PORTION OF THE UNITS. 1330370 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X THE ORGANIZATION 6512090535 755 SELBY AVENUE SUITE A SAINT PAUL MN 55104 SHAWN HUCKELBY BOARD CHAIR 1.00 X X 0 0 0 RICHARD HUTSELL SECRETARY/TREASURER 1.00 X X 0 81693 0 HANS HAGE BOARD MEMBER 1.00 X 0 0 0 0 81693 0 0 0 0 0 0 1000 1000 RENTAL REVENUE 532000 979545 979545 979545 1163 1163 SALE OF INTEREST 900099 500000 500000 MISCELLANEOUS REVENUE 900099 38350 38350 538350 1520058 1517895 0 1163 X 248629 248629 95433 95433 15812 15812 26930 26930 231000 231000 19189 19189 152634 152634 46289 46289 UTILITIES 206005 206005 BAD DEBTS 98109 98109 OPERATING AND MAINTENAN 73059 73059 REAL ESTATE TAXES 68349 68349 48932 48932 1330370 1330370 0 0 X 30589 44062 41464 0 265005 51862 0 140000 0 3650041 140000 736579 443217 4510535 892284 519071 33672 13488 0 59066 59066 1893345 0 42227 0 2527197 92738 X 1983338 799546 1983338 799546 4510535 892284 X 189688 -1373480 X 0 1 X 1 0 X 277140 171114 30 3500 1000 452784 277140 171114 30 3500 1000 452784 452784 422 262 210 413 1173 2480 455264 4832649 0.99460 0.99670 X 140000 140000 140000 INVESTMENT IN LIMITED PARTNERSHIP 443217 443217 X PART X, LINE 2: INCOME TAXES THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE IOWA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE CORPORATION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. THE CORPORATION CONTROLS PARK PLACE HOUSING LLC WHICH IS DISREGARDED FOR INCOME TAX PURPOSES THROUGH NOVEMBER 30, 2023. THE LLC IS CONSOLIDATED IN THE CORPORATION NONPROFIT INCOME TAX RETURN. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION WOULD RECOGNIZE FUTURE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE CORPORATION AND ITS AFFILIATE ARE NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE RETURNS FOR THE CURRENT AND THREE PREVIOUS YEARS. RICHARD HUTSELL RICHARD IS A BOARD MEMBER AND OWNS THE COMPANY THAT LOANED THE FUNDS. OPERATIONS X 28000 59066 0 1 1 59066 FORM 990, PART VI, SECTION A, LINE 3 CONTROL OVER MANAGEMENT DUTIES WAS DELEGATED TO PREMIER HOUSING MANAGEMENT LLC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS MAILED TO EACH BOARD MEMBER FOR REVIEW AND COMMENT. THE BOARD PRESIDENT CONTACTS EACH MEMBER AND REQUESTS APPROVAL AND THE VERBAL APPROVAL IS THEN RATIFIED AT THE NEXT FULL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ON AN ANNUAL BASIS, AND THOSE DISCLOSED INTERESTS ARE MONITORED THROUGHOUT THE YEAR TO MAINTAIN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE REVIEWED UPON REQUEST AT THE MANAGER'S OFFICE, 755 SELBY AVENUE, SAINT PAUL, MINNESOTA, BETWEEN THE HOURS OF 11:00 AM AND 5:00 PM MONDAY THROUGH FRIDAY. FORM 990, PART IX, LINE 11G COMMISSIONS FOR BROKERAGE SERVICES: PROGRAM SERVICE EXPENSES 231,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 231,000. FORM 990, PART X LINE 5 AND SCHEDULE L PART II THE 990 HAS BEEN AMENDED TO CORRECT INFORMATION PREVIOULSY REPORTED ON SCHEDULE L AS AN ADVANCE TO AN INTERESTED PERSON (PREMIER HOUSING MANAGEMENT) IN THE AMOUNT OF $231,000. UPON FURTHER REVIEW, THE ADVANCE SHOULD HAVE BEEN RECORDED AS BROKERAGE COMMISSIONS AND NOT AN ADVANCE TO AN INTERESTED PERSON. SCHEDULE L HAS BEEN UPDATED TO CORRECT THIS AND THE TRANSACTION IS NOW RECORDED ON THE STATEMENT OF FUNCTIONAL EXPENSES. THE ORGANIZATION MADE THESE CORRECTIONS TO ENSURE ACCURATE AND COMPLETE DISCLOSURE IN COMPLIANCE WITH IRS REPORTING REQUIREMENTS. FORM 990, PART XI, LINE 9: DECONSOLIDATION OF PARK PLACE HOUSING LLC -1,373,480. PARK PLACE LLC 755 SELBY AVE ST PAUL MN 55104 814254596 AFFORDABLE HOUSING MN 920949 0 N/A