2024-05-15T14:54:25-05:00 2023-06-30 991781118 EAG AFFORDABLE HOUSING LLC 3595 GRANDVIEW PARKWAY STE 500 BIRMINGHAM AL 35243 990 2022-07-01 030403629 DASH FOR LAGRANGE INC DASH 7062980221 1302 BROWNWOOD AVE LAGRANGE GA 30240 NATE CRAWFORD EXECUTIVE DIRECTOR 7062980221 2024-05-15 1 NATE CRAWFORD XXX-XX-XXXX 0 GORDON JACK CPA P00037925 2058221010 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NATHANIEL CRAWFORD 1302 BROWNWOOD AVE LAGRANGE GA 30240 3396621 0 X WWW.DASHLAGRANGE.COM X 2002 GA TO ACQUIRE, PLAN, DEVELOP AND MARKET RESIDENTIAL AND COMMERCIAL PROPERTIES TO MEET GROWING COMMUNITY HOUSING NEEDS WITH PARTICULAR EMPHASIS ON ELIMINATING SUBSTANDARD HOUSING AND COMMUNITY REVITALIZATION AND HOME OWNERSHIP PROMOTION. 13 13 6 0 0 0 421519 2460745 85307 88823 133431 321458 422499 330517 1062756 3201543 0 0 0 0 309394 251216 0 0 0 476289 424124 785683 675340 277073 2526203 5072281 7566881 804290 772685 4267991 6794196 TO REVITALIZE AND MAKE SUSTAINABLE LAGRANGE'S ONCE VIBRANT NEIGHBORHOODS BY ELIMINATING SUBSTANDARD HOUSING, CREATING SOCIO-ECONOMIC DIVERSITY, ENCOURAGING HOMEOWNERSHIP, INVITING ECONOMIC DEVELOPMENT, AND ENGAGING RESIDENTS IN ACTIVE COMMUNITY LEADERSHIP. 0 0 365378 689041 PROVIDE ACCCESS AND ASSISTANCE IN PROMOTING "DEPENDABLE, AFFORDABLE, SUSTAINABLE HOUSING" FOR ALL CITIZENS OF THE CITY OF LAGRANGE AND TROUP COUNTY AREA. 365378 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 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 1 1 0 0 0 1 26 0 6 1 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 GA X NATHANIEL CRAWFORD CONTROLLER 7062980221 1302 BROWNWOOD AVE LAGRANGE GA 30240 JOE ALFORD BOARD MEMBER 1.00 X 0 0 0 LARRY COLE BOARD MEMBER 1.00 X 0 0 0 KAY DURAND SECRETARY 1.00 X X 0 0 0 MARK KOSTIAL BOARD MEMBER 1.00 X 0 0 0 MAGGIE MCDONALD BOARD MEMBER 1.00 X 0 0 0 CHARLES MILLIGAN BOARD MEMBER 1.00 X 0 0 0 REBECCA ROTH-NICKS BOARD MEMBER 1.00 X 0 0 0 YVONNE PITTMAN BOARD MEMBER 1.00 X 0 0 0 RICHARD C WOLFE CHAIRMAN 1.00 X X 0 0 0 JASON STEWART VICE-CHAIRMAN 1.00 X X 0 0 0 BECCA EILAND BOARD MEMBER 1.00 X 0 0 0 KEVIN HENDERSON BOARD MEMBER 1.00 X 0 0 0 MARYANNE LOVEJOY BOARD MEMBER 1.00 X 0 0 0 NATHANIEL CRAWFORD EXECUTIVE DIRECTOR 40.00 X X 86628 0 0 86628 0 0 0 0 0 0 0 50000 2410745 2460745 MISCELLANOUS INCOME 900099 83097 83097 PROGRAM REVENUE 900099 5726 5726 88823 36508 542 35966 314726 0 314726 314726 314726 480028 195078 284950 284950 284950 LIHTC PROJECT CASH FLO 531310 8625 8625 LIHTC DEVELOPER FEE 531310 7166 7166 15791 3201543 689041 0 51757 205902 124697 81205 26768 14599 12169 18546 6532 12014 15106 750 14356 26033 26033 40499 21704 18795 12202 435 11767 9557 385 9172 14401 14401 320 320 23623 23623 132443 82860 49583 32994 709 32285 REPAIRS AND MAINTENANCE 65408 65408 0 TAXES AND LICENSES 13887 10873 3014 UTILITIES 7887 5258 2629 TELECOMMUNICATIONS 5720 420 5300 24044 7125 16919 675340 365378 309962 0 1255609 2246668 50000 50000 90784 44833 403 1000000 394349 394349 4610077 813713 3266469 3796364 1375 21375 13292 13292 5072281 7566881 148904 119690 2696 0 652500 652805 190 190 804290 772685 X 3619146 3896221 371772 371772 4267991 6794196 5072281 7566881 2526203 0 X X 0 1 X 1 0 X 309500 539520 263205 421519 2460745 3994489 309500 539520 263205 421519 2460745 3994489 3994489 10038 11063 10183 4693 36508 72485 4066974 0.98220 0.97570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2208939 2208939 2208939 2208939 2208939 2208939 2208939 2208939 2208939 2208939 0 0 212543 212543 4347279 785293 3561986 27472 1475 25997 22783 26945 -4162 3796364 DUE TO GATEWAY-DASH LAUREL RIDGE DEVELOPMENT, LLC 190 190 3201543 0 3201543 0 3201543 675340 0 675340 0 675340 PART IV, LINE 2B: THE ORGANIZATION HAS AN AGREEMENT WITH NEIGHBORHOOD HOUSING SERVICES OF AMERICA (NHSA) TO COLLECT THE MONTHLY MORTGAGE PAYMENTS FROM LOANS THEY HAVE SOLD TO NHSA. THE MONTHLY PAYMENTS INCLUDE PRINCIPAL, INTEREST AND MORTGAGE INSURANCE ESCROW. THE ORGANIZATION SUBMITS MONTHLY REIMBURSEMENTS TO NHSA, THEREFORE, INCLUDED IN THE BALANCE AT JUNE 30, 2021 ARE THE RECEIPTS RECEIVED BY THE ORGANIZATION DUE TO NHSA. ADDITIONALLY THE RENTAL PROGRAM PROVIDED BY THE ORGANIZATION, RECEIVES SECURITY DEPOSITS FROM TENANTS AT THE BEGINNING OF RENTAL CONTRACT. THIS MONEY IS REFUNDABLE, TO THE TENANT, AT THE END OF RENTAL CONTRACT. THEREFORE INCLUDED IN THE BALANCE AT JUNE 30, 2022 ARE THE RENTER DEPOSIT ESCROW AMOUNTS. PART V, LINE 4: (A) CAPITAL FUNDS HELD IN PERPETUITY, USED FOR PURPOSES OF ACQUIRING LAND, REHABILITATING HOMES AND/OR BUILDING AFFORDABLE HOUSING FOR THE LOW TO MIDDLE INCOME FAMILIES IN THE LAGRANGE, TROUP COUNTY, GEORGIA AREA. PART X: DASH HAS ADOPTED THE PROVISIONS OF THE FASB ACCOUNTING STANDARDS CODIFICATIONS (ASC) INCOME TAX TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE PRESCRIBES A COMPREHENSIVE MODEL FOR HOW A COMPANY SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE ORGANIZATION ADOPTED ASC 740-10 AS OF JULY 1, 2009 AND, THEREFORE, RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. THERE WAS NO IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS AS A RESULT OF THE IMPLEMENTATION OF ASC 740-10. DASH IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. DASH DEVELOPMENT CORPORATION, THE WHOLLY-OWNED SUBSIDIARY, IS TAXED AS A C CORPORATION, BUT DID NOT GENERATE ANY TAXABLE INCOME DURING THE YEARS ENDING DECEMBER 31, 2010 AND 2009, RESPECTIVELY. ACCORDINGLY, NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 2 RENE WOLFE, DIRECTOR, IS THE SISTER OF RICHARD WOLFE THE CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS GIVES AUTHORIZATION TO THE EXECUTIVE DIRECTOR, NATHANIEL CRAWFORD, TO REVIEW A DRAFT OF THE PREPARED 990. AFTER NATE HAS COMPLETED HIS REVIEW, HE PROVIDES THE ADMINISTRATIVE COMMITTEE, IF AVAILABLE, A COPY OF THE DRAFT FOR FURTHER REVIEW AND APPROVAL. SUBSEQUENT TO THIS REVIEW THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AT THE ORGANIZATION'S BOARD OF DIRECTORS ANNUAL MEETING, AS PART OF THEIR AGENDA, CONFLICT OF INTEREST IS READ AND SIGNED BY EACH BOARD MEMBER. ANY DIRECTOR THAT WILL BENEFIT FINANCIALLY FROM A PARTICULAR ISSUE BEING RESOLVED WILL BE EXCUSED FROM THE VOTING. FORM 990, PART VI, SECTION B, LINE 15B THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES COMPENSATION ARE VOTED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED BY A REVIEW OF SIMILAR SIZE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE ON REQUEST AT ITS ACCOUNTING OFFICE AT 1302 BROWNWOOD AVE, LAGRANGE, GA 30240 FORM 990, PART XII, LINE 2C: FORM 990, PART XI, LINE 2C: THE ORGANIZATION'S ADMINISTRATIVE COMMITTEE APPROVES MONTHLY FINANCIAL STATEMENTS AS SUBMITTED BY THE CONTROLLER AT THE MONTHLY BOARD DIRECTORS MEETING. THIS SAME COMMITTEE TAKES RESPONSIBILITY IN OVERSEEING THE ANNUAL AUDIT AND THE SELECTION OF THE INDEDEPENDENT AUDITEORS. THE PROCESS AND PROCEDURES IN PLACE HAVE NOT CHANGED OVER PRIOR YEARS. DUNSON SCHOOL REDEVELOPMENT CORPORATION 1302 BROWNWOOD AVE LAGRANGE GA 30240 203092853 PROVIDE A RESIDENTIAL LIVING APARTMENT FOR LOW TO MIDDLE INCOME SENIORS GA 501(C)(3) 170(B)(1)(A)(V) N/A 0 GATEWAY - DASH LAUREL RIDGE DEVELOPMENT LLC 920 FLORENCE BLVD FLORENCE AL 35630 205628701 IN THE BUSINESS OF DEVELOPING REAL ESTATE GA DASH DEVELOPMENT CORPORATION RELATED -10 14738 0 0 1.00000 DASH - AZALEA MILL 920 FLORENCE BLVD FLORENCE AL 35630 274286102 IN THE BUSINESS OF MANAGING REAL ESTATE GA DASH DEVELOPMENT CORPORATION RELATED -15 587 0 0 1.00000 DASH - STONY RIDGE 920 FLORENCE BLVD FLORENCE AL 35630 320396537 IN THE BUSINESS OF MANAGING REAL ESTATE GA DASH DEVELOPMENT CORPORATION RELATED -17 651 0 0 1.00000 GATEWAY - FOREST MILL LLC 920 FLORENCE BLVD FLORENCE AL 35630 464504293 IN THE BUSINESS OF MANAGING REAL ESTATE GA DASH DEVELOPMENT CORPORATION RELATED -7 5196 0 0 1.00000 DASH ALABAMA LLC 1302 BROWNWOOD AVE LAGRANGE GA 30240 611718023 IN THE BUSINESS OF DEVELOPING REAL ESTATE GA N/A RELATED 0 1 1.00000 GATEWAY HERITAGE VISTA LLC 920 FLORENCE BLVD FLORENCE AL 35630 453986819 IN THE BUSINESS OF MANAGING REAL ESTATE GA N/A RELATED 0 1 0.01000 DASH DEVELOPMENT CORPORATION 1302 BROWNWOOD AVE LAGRANGE GA 30240 030403629 IN THE BUSINESS OF DEVELOPING REAL ESTATE GA N/A C -49 48904 1.00000 0 DASH-WATERFORD FARMS INC 1302 BROWNWOOD AVE LAGRANGE GA 30240 463210406 IN THE BUSINESS OF MANAGING REAL ESTATE GA N/A C -18 96764 1.00000 0 DASH-ALEXANDER VILLAGE INC 1302 BROWNWOOD AVE LAGRANGE GA 30240 471141489 IN THE BUSINESS OF MANAGING REAL ESTATE GA N/A C -4 86 1.00000 0 DASH HEATHERWOOD LLC 1302 BROWNWOOD AVE LAGRANGE GA 30240 822058838 IN THE BUSINESS OF MANAGING REAL ESTATE GA N/A C -5 130743 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0