2022-09-15T15:12:07-05:00 2021-12-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2021-01-01 454914706 THE LANDING APARTMENTS LAND 6123413148 901 N 3RD STREET 150 MINNEAPOLIS MN 55401 CAROLINE HORTON TREASURER 6123413148 2022-09-03 1 CAROLINE HORTON XXX-XX-XXXX LAWRENCE H MOHR CPA P00447603 6128764500 2022-09-03 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ERIC ANTHONY JOHNSON 901 N 3RD STREET 150 MINNEAPOLIS MN 55401 422924 0 X N/A X 2012 MN TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, WITH THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. 7 7 0 0 0 0 0 0 414952 422849 161 75 0 0 415113 422924 0 0 0 0 0 0 0 0 0 655310 626406 655310 626406 -240197 -203482 7940617 7754954 41893 59712 7898724 7695242 X TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, WITH THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. 0 0 575645 422849 THE CORPORATION WAS FORMED FOR THE PURPOSE OF DEVELOPING AND OPERATING A SENIOR RESIDENTIAL APARTMENT COMPLEX LOCATED IN CHASKA, MINNESOTA, KNOWN AS THE LANDING APARTMENTS (THE PROJECT). THE PROJECT HAS 54 UNITS. 575645 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 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 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CAROLINE HORTON 6123413148 901 N 3RD STREET SUITE 150 MINNEAPOLIS MN 55401 TAMI DIEHM PRESIDENT 1.00 X X 0 0 0 MARTHA NEVANEN SECRETARY 1.00 X X 0 0 0 SCOTT ANDERSON DIRECTOR 1.00 X 0 0 0 MELISSA DOWNEY DIRECTOR 1.00 X 0 0 0 JACKIE FOSTER DIRECTOR 1.00 X 0 0 0 CJ SIMMONS-FAYE JONES DIRECTOR 1.00 X 0 0 0 KIRSTEN SPRECK DIRECTOR-OUTGOING 1.00 X 0 0 0 MARTHA SWANSON DIRECTOR 1.00 X 0 0 0 ALAN ARTHUR EXECUTIVE VICE PRESIDENT 1.00 50.00 X 0 195613 19655 CAROLINE HORTON TREASURER 1.00 50.00 X 0 200373 14037 0 395986 33692 0 0 1 0 AEON MANAGEMENT LLC 901 NORTH 3RD ST 150 MINNEAPOLIS MN 55401 MANAGEMENT SERVICES & REIMBURSEMENTS 113614 1 TENANT RENTS 531110 234447 234447 TENANT ASSISTANCE PMTS 531110 182586 182586 LAUNDRY & OTHER INCOME 531390 5816 5816 422849 75 75 422924 422849 0 75 41625 41625 9136 9136 186 186 14062 14062 114891 114891 229011 229011 24010 24010 OPERATING & MAINTENANCE 124994 124994 ADMINISTRATIVE 57557 57557 TAXES & INSURANCE 10934 10934 626406 575645 50761 0 38511 18620 26145 26096 1427 1844 9220073 1874416 7574668 7345657 299866 362737 7940617 7754954 13216 29559 4349 5058 24328 25095 41893 59712 X 38624 -164858 7860100 7860100 7898724 7695242 7940617 7754954 -203482 0 X X 0 1 X 1 1 1 X 387663 385917 388208 414952 422849 1999589 387663 385917 388208 414952 422849 1999589 0 0 0 1999589 418 1315 1499 161 75 3468 418 1315 1499 161 75 3468 388081 387232 389707 415113 422924 2003057 0.99830 0.99820 0.00170 0.00180 X 711198 711198 8341566 1721503 6620063 167309 152913 14396 7345657 TENANT SECURITY DEPOSIT 25095 25095 X 422924 0 422924 0 422924 626406 0 626406 0 626406 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THAT THE CORPORATION EVALUATE TAX POSITIONS AND RECOGNIZE A LIABILITY (OR ASSET) IF THE CORPORATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE CORPORATION HAS ANALYZED ITS TAX POSITIONS, AND CONCLUDED THAT AS OF DECEMBER 31, 2021 AND 2020 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY OPEN TAX PERIODS IN PROGRESS. 0 0 0 0 0 0 0 0 0 ALAN ARTHUR EXECUTIVE VICE PRESIDENT 0 194995 0 0 0 618 0 6243 0 13412 0 215268 0 0 CAROLINE HORTON TREASURER 0 200328 0 0 0 45 0 5225 0 8812 0 214410 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALAN ARTHUR, EXECUTIVE VICE PRESIDENT, IS THE PRESIDENT OF THE EXEMPT CONTROLLING ORGANIZATION. CAROLINE HORTON, TREASURER, IS THE CFO AND TREASURER OF THE EXEMPT CONTROLLING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 AEON MANAGMENT, LLC MANAGES THE PROPERTY. FORM 990, PART VI, SECTION A, LINE 7A AEON'S BOARD OF DIRECTORS ELECTS THE BOARD OF DIRECTORS FOR THE LANDING APARTMENTS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES IN THE ARTICLES OF INCORPORATION ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS AND BY AEON. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND FINALIZED BY THE CHIEF FINANCIAL OFFICER BEFORE GOING TO THE PRESIDENT AND THE BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS AND OFFICERS SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE LANDING APARTMENTS DOES NOT HAVE ANY PAID EMPLOYEES. HOWEVER, IF THE LANDING APARTMENTS DID HAVE PAID EMPLOYEES THEY WOULD FOLLOW THE POLICIES OF AEON, THE TAX-EXEMPT CONTROLLING ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AEON 901 NORTH 3RD STREET SUITE 150 MINNEAPOLIS MN 55401 411558711 LOW INCOME HOUSING MN 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 AEON (PAYROLL REIMBURSEMENT) O 71989 AMOUNT PAID