2024-11-03T14:04:35-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 200646982 LASALLE PARK HOMES II INC LASA 8778295500 102 S FALCON ST SOUTH BEND IN 46619 ROD LUDWIG DIRECTOR 8778295500 2024-11-03 1 1 EKATERINA GWYN P01333750 3178485700 2023 2024-10-15 13:58:12Z ROD LUDWIG 102 S FALCON ST SOUTH BEND IN 46619 308432 0 X N/A X 2006 IN LASALLE PARK HOMES II, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION WHICH WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 42 UNIT APARTMENT COMMUNITY IN SOUTH BEND, INDIANA KNOWN AS WILLIAM C. ELLISON RESIDENCE, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATIONS OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. IT HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 9 9 0 9 0 0 167162 161733 132509 143686 0 0 2466 3013 302137 308432 0 0 0 0 0 0 0 0 0 368583 376187 368583 376187 -66446 -67755 1830172 1773682 3112707 3123972 -1282535 -1350290 X LASALLE PARK HOMES II, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION WHICH WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 42 UNIT APARTMENT COMMUNITY IN SOUTH BEND, INDIANA KNOWN AS WILLIAM C. ELLISON RESIDENCE, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATIONS OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. IT HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 0 0 256803 143686 LASALLE PARK HOMES II, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION WHICH WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 42 UNIT APARTMENT COMMUNITY IN SOUTH BEND, INDIANA KNOWN AS WILLIAM C. ELLISON RESIDENCE, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATIONS OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. IT HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 256803 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 X RODNEY LUDWIG 5742376000 112 WEST JEFFERSON BLVD SUITE 300 SOUTH BEND IN 46601 X X LYNN COLEMAN PRESIDENT 0.50 1.00 X X 0 0 0 ANTHONY DOUGLAS VICE PRESIDENT 0.50 1.00 X X 0 0 0 JOHN NURKOWSKI CPA TREASURER 0.50 1.00 X X 0 0 0 CYNTHIA TAYLOR DIRECTOR 0.50 1.00 X 0 0 0 DAVE SCHROEDER DIRECTOR 0.50 1.00 X 0 0 0 SISTER SUSAN KINTZELE DIRECTOR 0.50 1.00 X 0 0 0 KOMONIQUE THOMAS DIRECTOR 0.50 1.00 X 0 0 0 LATONIA NEWHOUSE DIRECTOR 0.50 1.00 X 0 0 0 JIM TUESLEY DIRECTOR 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 161733 161733 RENTAL INCOME 531110 143686 143686 143686 TENANT CHARGES 531110 1827 1827 LAUNDRY & VENDING 531110 1091 1091 MISC OTHER INCOME 531110 95 95 3013 308432 143686 0 3013 35175 35175 973 973 13810 13810 21 21 21271 21271 164667 164667 80857 80857 8892 8483 409 MTG CO. EMPLOYEE CHARGE 46748 46748 BAD DEBTS 2796 2796 ADMINISTRATIVE 977 977 376187 256803 119384 0 3774 3601 3821 3726 576 3226226 1509259 1779741 1716967 31930 36882 10906 11930 1830172 1773682 35970 40969 592 0 3064693 3064693 11452 18310 3112707 3123972 X -1282535 -1350290 -1282535 -1350290 1830172 1773682 -67755 0 X X 0 1 X 1 1 1 X 148038 147376 157585 167162 161733 781894 123395 121145 120296 132509 143686 641031 271433 268521 277881 299671 305419 1422925 0 0 0 1422925 0 0 0 0 0 8311 6031 4507 2466 3013 24328 279744 274552 282388 302137 308432 1447253 0.98320 0.98080 0.00000 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 2808727 1222816 1585911 302878 281522 21356 14621 4921 9700 1716967 ACCOUNTS PAYABLE - HUD 1000 ACCRUED MANAGEMENT FEE 3540 ACCRUED WAGES PAYABLE 2710 SECURITY DEPOSITS 11060 18310 X 308432 0 308432 0 308432 378291 2104 2104 376187 0 376187 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 2,104. FORM 990, PART VI, SECTION A, LINE 3 LASALLE PARK HOMES II IS MANAGED BY BRADLEY RESIDENTIAL MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRADLEY RESIDENTIAL MANAGEMENT CORPORATION HAS A PROJECT OWNER'S AND MANAGEMENT CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APPROVED BRADLEY RESIDENTIAL MANAGEMENT CORPORATION TO MANAGE LASALLE PARK HOMES II HOUSING PROJECT. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY THE BOARD OF DIRECTORS OF THE CORPORATION. THE BOARD OF DIRECTORS OF THE CORPORATION SHALL HAVE THE POWER TO MAKE, ALTER, AMEND OR REPEAL THE CODE OF BY-LAWS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY PRESENTS THE 990 AT THE BOARD MEETING FOR THEIR REVIEW. ONCE THE BOARD HAS AN OPPORTUNITY TO ASK QUESTIONS, THE BOARD APPROVES THE FORM 990 AND THE PRESIDENT GIVES APPROVAL TO FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN OFF ON POLICY AND ABSTAIN FROM ANY VOTING WHERE A CONFLICT COULD POTENTIALLY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES ITS POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 EXISTING POLICIES, RETURNS, AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE MANAGEMENT COMPANY. THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, PART XII, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. LASALLE PARK HOMES INC PO BOX 540 SOUTH BEND IN 46624 351164152 LOW INCOME SENIOR HOUSING IN 501(C)(3) 509(A)(2) GREATER SOUTH BEND HOUSING CORPORATION 0 GREATER SOUTH BEND HOUSING CORP PO BOX 540 SOUTH BEND IN 46624 356069787 DEVELOPMENT OF LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0