2024-03-11T14:14:08-05:00 2023-04-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-05-01 521132643 LAFAYETTE HOUSE ELDERLY HOUSING INC LAFA 8048621450 526 W 14TH STREET 187 TRAVERSE CITY MI 49684 JOHN L WAGNER PRESIDENT 8048621450 2024-03-11 1 JOHN WAGNER XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 2122862600 2024-03-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN L WAGNER 526 W 14TH STREET 187 TRAVERSE CITY MI 49684 1047647 0 X N/A X 1978 VA TO PROVIDE AFFORDABLE ELDERLY HOUSING IN ACCORDANCE WITH THE NATIONAL HOUSING ACT. 3 2 0 3 0 0 748094 753189 259208 287302 28 15 8048 7141 1015378 1047647 0 0 0 0 0 0 0 0 0 859974 769722 859974 769722 155404 277925 737029 975918 118735 82819 618294 893099 TO PROVIDE AFFORDABLE ELDERLY HOUSING IN ACCORDANCE WITH SECTION 202 OF THE NATIONAL HOUSING ACT. 0 0 653559 0 287302 LAFAYETTE HOUSE ELDERLY HOUSING, INC. WAS ORGANIZED ON JUNE 9, 1978 UNDER THE PROVISIONS OF THE STATE OF VIRGINIA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY. THE ORGANIZATION WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 100 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. 653559 0 1 0 0 0 0 0 1 0 1 0 0 0 0 1 1 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 1 6 0 0 0 0 0 0 0 0 0 0 X 3 2 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X WHETSTONE COMPANY 3019482924 101 CHESTNUT STREET SUITE 110 GAITHERSBURG MD 20877 X JOHN L WAGNER PRESIDENT 5.00 X X 0 0 0 KIM L WAGNER SECRETARY 2.00 X X 0 0 0 JORDAN WAGNER TREASURER 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 753189 753189 RENTAL INCOME 531110 287302 287302 287302 15 15 LAUNDRY AND VENDING 531110 4700 4700 OTHER TENANT CHARGES 531110 2441 2441 7141 1047647 287302 0 7156 78075 78075 1429 1429 16195 16195 11670 11670 3981 3981 162818 162818 22057 22057 OUTSOURCED STAFF 290210 290210 REPAIRS & MAINTENANCE 172269 172269 UNIFORM RENTAL 3720 3720 OTHER RENTING EXPENSES 2850 2850 4448 2485 1963 769722 653559 116163 0 22303 32221 87144 70630 2441 2019 501 2392 39985 42222 4522114 3695680 584655 826434 737029 975918 83655 47352 7556 4840 27524 30627 118735 82819 X 618294 893099 618294 893099 737029 975918 X 277925 -3120 X 0 1 X 0 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 166967 166967 4222915 3589904 633011 38642 38642 0 93590 67134 26456 826434 X 1047647 0 1047647 0 1047647 772842 3120 3120 769722 0 769722 PART IV, LINE 2B: TENANT SECURITY DEPOSITS HELD IN ACCORDANCE WITH REGULATIONS. PART X, LINE 2: THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO APRIL 30, 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 3,120. SEE PART V SEE PART V 78075 SEE PART V 1 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF INTERESTED PERSONS: WHETSTONE COMPANY(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MANAGEMENT COMPANY 100% OWNED BY PRESIDENT OF ORGANIZATION(C) AMOUNT OF TRANSACTION: $78,075(D) DESCRIPTION OF TRANSACTION: MANAGEMENT FEES PAID TO COMPANY PURSUANT TO AN AGREEMENT APPROVED BY HUD.(E) SHARING OF ORGANIZATION REVENUES? YES FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS HAVE BOTH A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP : JOHN L. WAGNER, KIM L. WAGNER, AND JORDAN WAGNER FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS MANAGED BY WHETSTONE COMPANY, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE FEE IS CALCULATED AS 7.48% OF GROSS COLLECTIONS. MANAGEMENT FEES TOTALING $78,075 WERE INCURRED DURING FISCAL YEAR 2023. NONE OF THE ORGANIZATION'S OFFICERS LISTED IN PART VII WERE COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8A NO BOARD MEETINGS WERE HELD DURING FISCAL YEAR 2023. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ACTED AS A WHOLE AND NO COMMITTEES MET DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT OF THE ORGANIZATION, AND A COPY OF THE RETURN IS CIRCULATED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF ASSETS -3,120.