2024-05-15T12:43:42-05:00 2023-06-30 202253063 TANNER LLC 36 S STATE STREET SUITE 600 SALT LAKE CITY UT 84111 990 2022-07-01 273251347 COMMUNITY DEVELOPMENT FUND OF UTAH COMM 8016617222 501 EAST 1700 SOUTH SALT LAKE CITY UT 84105 J TODD REEDER CHIEF EXECUTIVE OFFICER 8016617222 2024-05-09 1 J TODD REEDER XXX-XX-XXXX 0 MARC A METCALF P00170461 8015327444 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z J TODD REEDER 501 EAST 1700 SOUTH SALT LAKE CITY UT 84105 81669 0 X N/A X 2010 UT COMMUNITY DEVELOPMENT FUND OF UTAH ASSISTS ASPIRING HOMEOWNERS ALONG THE PATH TO HOMEOWNERSHIP, DEVELOPS SUSTAINABLE AND AFFORDABLE HOUSING, REVITALIZES AND STABILIZES NEIGHBORHOODS AND COMMUNITIES, AND PROMOTES SELF-SUFFICIENCY THOUGH HOME OWNERSHIP. 7 7 0 0 0 0 220169 47729 745 745 38122 33195 0 0 259036 81669 0 0 0 0 73645 32396 0 0 0 40566 36281 114211 68677 144825 12992 1739398 1641822 518881 408313 1220517 1233509 COMMUNITY DEVELOPMENT FUND OF UTAH ASSISTS ASPIRING HOMEOWNERS ALONG THE PATH TO HOMEOWNERSHIP, DEVELOPS SUSTAINABLE AND AFFORDABLE HOUSING, REVITALIZES AND STABILIZES NEIGHBORHOODS AND COMMUNITIES, AND PROMOTES SELF-SUFFICIENCY THROUGH HOME OWNERSHIP. 0 0 53613 DURING THE YEAR, CDF PROVIDES 2ND MORTGAGES AS PART OF ITS HOMEFIT LOAN PROGRAM DESIGNED TO HELP LOW TO MODERATE INCOME HOUSEHOLDS FINANCE HOME PURCHASES. THIS PRODUCT DOES NOT REQUIRE MORTGAGE INSURANCE, REDUCING THE OVERALL COST OF FINANCING HOME PURCHASES. 53613 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 UT X X SARAH BEAUMONT 8019947222 501 E 1700 S SALT LAKE CITY UT 84105 MARK GOMEZ BOARD MEMBER 1.00 X 0 0 0 LILIAN LOBOS BOARD MEMBER 1.00 X 0 0 0 ANN C HOUSE BOARD MEMBER 1.00 X 0 0 0 GINA JONES PRESIDENT 1.00 X X 0 0 0 ADELAIDE MAUDSLEY BOARD MEMBER 1.00 X 0 0 0 KENNETH ROBERTSON BOARD MEMBER 1.00 1.00 X 0 0 0 LAVINE SHAPIRO BOARD MEMBER 1.00 X 0 0 0 J TODD REEDER CHIEF EXECUTIVE OFFICER 1.00 40.00 X 0 111210 27320 LORIE DUDLEY CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 104864 8971 MICHAEL AKERLOW CHIEF EXECUTIVE OFFICER 0.00 40.00 X 0 140715 17875 0 356789 54166 0 1 1 0 0 12400 35329 47729 ORIGINATION FEE 531390 745 745 745 33195 33195 81669 745 0 33195 25006 18283 6723 1814 1326 488 3689 2697 992 1887 1380 507 4005 4005 5285 5285 511 93 418 2205 2101 104 7256 7256 1129 1129 BAD DEBT EXPENSE 10007 10007 ALL OTHER EXPENSES 2189 2071 118 REPAIRS AND MAINTENANCE 1540 1272 268 DUES AND SUPSCRIPTIONS 1501 1501 653 492 161 68677 53613 15064 0 472136 482330 1267262 1159492 1739398 1641822 215582 213223 303299 195090 518881 408313 X 866715 982724 353802 250785 1220517 1233509 1739398 1641822 12992 0 X 0 1 X 1 1 1 X 143874 65000 220000 47729 476603 143874 65000 220000 47729 476603 40650 435953 77041 62180 46454 38122 33195 256992 169 169 733764 57514 0.59410 0.53740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 0 0 0 0 0 0 0 0 0 MICHAEL AKERLOW CHIEF EXECUTIVE OFFICER 0 140715 0 0 0 0 0 0 0 17875 0 158590 0 0 PART I, LINE 3 COMPENSATION OF THE CEO AND CHIEF FINANCIAL OFFICER IS ESTABLISHED BY THE BOARD OF DIRECTORS. PERIODICALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPENSATION STUDIES, REVIEWS COMPENSATION PAID BY OTHER NONPROFIT AND FOR PROFIT COMPANIES AND CONSIDERS OTHER SOURCES OF INFORMATION DEEMED RELEVANT. THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS. THE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE FREE OF CONFLICTS MAKE THE FINAL DECISION. FORM 990, PART VI, SECTION A, LINE 2 THE CEO AND CFO ARE EMPLOYED BY COMMUNITY DEVELOPMENT CORPORATION OF UTAH (CDCU), A RELATED TAX-EXEMPT ORGANIZATION. MEMBERS OF THE BOARD ARE ALSO BOARD MEMBERS OF CDCU. THEREFORE, BUSINESS RELATIONSHIPS EXIST BETWEEN THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE SUBMISSION OF FORM 990, THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF FORM 990, COMPLETE WITH ATTACHMENTS, FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED WITH THE DIRECTORS AND EMPLOYEES. ALL POTENTIAL CONFLICTS OF INTEREST MUST BE ADDRESSED BY THE BOARD OF DIRECTORS. ALL EMPLOYEES AND BOARD MEMBERS ARE COVERED BY THE POLICY. ANY RESTRICTIONS IMPOSED AS A RESULT OF CONFLICTS WILL BE DETERMINED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER IS PAID BY COMMUNITY DEVELOPMENT CORPORATION OF UTAH, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. COMMUNITY DEVELOPMENT CORPORATION OF UTAH 501 EAST 1700 SOUTH SALT LAKE CITY UT 84105 870476889 DEVELOP SUSTAINABLE AND AFFORDABLE HOUSING UT 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 COMMUNITY DEVELOPMENT CORPORATION OF UTAH O 32396 COST