2024-11-15T07:35:29-06:00 2023-12-31 341310124 REA & ASSOCIATES INC 5400 FRANTZ RD SUITE 200 DUBLIN OH 43016 990 2023-01-01 310980552 FFC HOUSING - TENESSEE FORMERLY ADVOCATES FOR THE CHALLENGED FFCH 6143894501 5970 WILCOX PLACE NO D DUBLIN OH 43016 KATHERINE STREBLO EXECUTIVE DIRECTOR 6143894501 2024-11-14 1 1 MELISSA DUNKLE CPA P01380769 6148898725 2024-11-12 2023 2024-10-15 13:58:12Z OPTIONS FOR SUPPORTING HOUSING TENESSEE KATHERINE STREBLO 5970 WILCOX PLACE NO D DUBLIN OH 43016 78778 0 X WWW.OPTIONSHOUSING.ORG X 2006 TN OWN AND LEASE SINGLE-FAMILY, RESIDENTIAL HOMES THAT HOUSE LOW-INCOME INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. 9 9 0 9 0 0 0 0 82165 78778 0 0 0 0 82165 78778 0 0 0 0 0 0 0 0 0 88658 95059 88658 95059 -6493 -16281 1119075 1087251 281535 264916 837540 822335 TO PROVIDE A BETTER QUALITY OF LIFE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES BY PROVIDING MORE CHOICES AND CHANGING PUBLIC PERCEPTION. 0 0 94963 78778 OWN ONE SINGLE-FAMILY RESIDENTIAL HOME IN IOWA, ONE IN OHIO, AND SEVEN HOMES IN TENNESSEE THAT SUPPORT LOW-INCOME INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. 94963 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X KATHY STREBLO 6143894501 5970 WILCOX PLACE NO D DUBLIN OH 43016 MIKE EASTERDAY PRESIDENT 0.50 0.50 X X 0 0 0 JACKIE BEIRNE TREASURER 0.50 0.50 X X 0 0 0 BRIAN GRANEY SECRETARY 0.50 0.50 X X 0 0 0 ALEX ARNOLD VICE PRESIDENT 0.50 0.50 X X 0 0 0 ERNIE FISCHER BOARD MEMBER 0.50 0.50 X 0 0 0 MIKE MCGOVERN BOARD MEMBER 0.50 0.50 X 0 0 0 CONNER MCCLURE BOARD MEMBER 0.50 0.50 X 0 0 0 DIANE STONER BOARD MEMBER 0.50 0.50 X 0 0 0 DOMINIC DICAMILLO EMERITUS 0.50 0.50 X 0 0 0 KATHY STREBLO EXECUTIVE DIRECTOR 5.00 35.00 X 0 122572 0 JIM MARTIN CFO 5.00 5.00 X 0 0 0 0 122572 0 0 0 0 0 0 RENTAL REVENUE 531110 78778 78778 78778 78778 78778 0 0 29729 29729 30047 30047 29953 29953 5234 5234 ADMIN FEES 95 95 BANK FEES 1 1 95059 94963 96 0 195100 193248 19 0 3927 3927 1364069 473993 920029 890076 1119075 1087251 8271 8378 254632 237806 18632 18732 281535 264916 X 837540 822335 837540 822335 1119075 1087251 X -16281 1076 X X 0 1 X 1 0 X 41566 41566 91035 109509 96851 82165 78778 458338 132601 109509 96851 82165 78778 499904 0 0 0 499904 132601 109509 96851 82165 78778 499904 1.00000 1.00000 0.00000 X 105290 105290 980478 420099 560379 106726 53894 52832 171575 171575 890076 SECURITY DEPOSIT 3721 ACCRUED PROPERTY TAXES -1815 CURRENT PORTION OF N/P 16826 18732 X PART X, LINE 2: FFC HOUSING - TENNESSEE IS A QUALIFIED TAX-EXEMPT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 6 FOUNDATION FOR THE CHALLENGED IS THE SOLE MEMBER OF FFC HOUSING -TENNESSEE. FORM 990, PART VI, SECTION A, LINE 7A FOUNDATION FOR THE CHALLENEGED MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY MAY BE SUBJECT TO THE APPROVAL OF FOUNDATION FOR THE CHALLENGED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE SUBMISSION. THE EXECUTIVE DIRECTOR, PRESIDENT, AND TREASURER REVIEW THE FORM 990 PRIOR TO THE EXECUTIVE DIRECTOR'S SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C FFC - HOUSING TENNESSEE DOES NOT HAVE ITS OWN CONFLICT OF INTEREST POLICY. HOWEVER, IN SITUATIONS IN WHICH ACTIONS ARE REQUIRED TO BE TAKEN, FFC HOUSING - TENNESSEE WOULD FOLLOW FOUNDATION FOR THE CHALLENGED'S CONFLICT OF INTEREST POLICY. THE FOUNDATION FOR THE CHALLENGED'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS AND DIRECTORS ON THE BOARD OF DIRECTORS PRIOR TO SIGNING NEW BUSINESS AGREEMENTS, THE BOARD ENSURES THAT NO DIRECTORS OR OFFICERS HAVE AN INTEREST IN THAT BUSINESS. IF ANY CONFLICTS OF INTEREST ARISE, THEY ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS THROUGHOUT THE YEAR. ANY DIRECTOR OR OFFICER WHO HAS A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A FFC HOUSING - TENNESSEE DOES NOT HAVE EMPLOYEES, THEREFORE THERE IS NO COMPENSATION PROCESS IN PLACE. OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, FOUNDATION FOR THE CHALLENGED. THE PROCESS WAS LAST UNDERTAKEN BY FOUNDATION FOR THE CHALLENGED IN 2022. FFC USED COMPARABILITY DATA, APPROVAL BY INDEPENDENT PERSONS, AND DOCUMENTATION OF THE DECISION WHEN COMPENSATION WAS DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE CURRENTLY NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CONSOLIDATED FINANCIAL STATEMENT ADJUSTMENT 1,076. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM PRIOR YEARS. FOUNDATION FOR THE CHALLENGED 5970 WILCOX PLACE STE D DUBLIN OH 43016 010619670 HOUSING OH 501(C)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 FOUNDATION FOR THE CHALLENGED N 0 FMV FOUNDATION FOR THE CHALLENGED O 0 FMV