2024-05-02T09:50:40-05:00 2023-06-30 271490692 TIDWELL GROUP LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2022-07-01 341608198 NWC CORPORATION NWCC 6149422020 3021 E DUBLIN-GRANVILLE RD COLUMBUS OH 43231 STEVEN J BOONE PRESIDENT 6149422020 2024-05-01 1 STEVEN BOONE 999009999 0 TODD FENTRESS CPA P01242481 6145281440 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEVEN J BOONE 3021 E DUBLIN-GRANVILLE RD COLUMBUS OH 43231 242218 0 X N/A X 1988 OH PROVIDE SUBSIDIZED HOUSING FOR CHRONICALLY MENTALLY ILL LOW INCOME PERSONS. 5 2 0 2 0 0 172459 172553 65896 67941 540 1130 796 594 239691 242218 0 0 0 0 0 0 0 0 0 225997 216562 225997 216562 13694 25656 461789 454286 505958 472799 -44169 -18513 PROVIDE SUBSIDIZED HOUSING FOR CHRONICALLY MENTALLY ILL LOW INCOME PERSONS. 0 0 158636 68535 NWC CORP. OWNS & OPERATES A 20 UNIT APT. COMPLEX FOR CHRONICALLY MENTALLY ILL ADULTS UNDER SEC. 202 OF THE NAT'L HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES & OPERATING EXPENSES. 158636 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X STEVEN J BOONE 6149422020 3021 E DUBLIN-GRANVILLE RD COLUMBUS OH 43231 STEVEN J BOONE PRESIDENT 1.00 40.00 X X 0 100000 0 WILLIAM A HARVEY V. PRESIDENT 1.00 40.00 X X 0 0 0 STEVE GUTHRIE SECRETARY 1.00 4.00 X X 0 34500 0 CARLISA SALTSMAN BOARD MEMBER 1.00 4.00 X 0 34500 0 TIMOTHY HASTREITER BOARD MEMBER 1.00 40.00 X 0 0 0 0 169000 0 0 0 0 0 0 172553 172553 RENTAL INCOME 531110 67941 67941 67941 1130 1130 TENANT CHARGES 531110 393 393 LAUNDRY & VENDING 531110 201 201 594 242218 68535 0 1130 16100 16100 1918 1918 36834 36834 35255 35255 22048 22048 15650 15650 MISC ADMINISTRATIVE SER 41826 41826 OUTSIDE SERVICES 36703 36703 REPAIRS AND MAINTENANCE 9406 9406 BAD DEBT EXPENSE 822 822 216562 158636 57926 0 6128 8173 23685 10188 12342 14889 867855 666222 215283 201633 204351 219403 461789 454286 62327 12714 1219 1261 437562 406474 4850 52350 505958 472799 X -44169 -18513 -44169 -18513 461789 454286 25656 0 X X 0 1 X 1 1 1 X 176203 132246 169910 172459 172459 823277 58503 79510 64941 66692 68535 338181 234706 211756 234851 239151 240994 1161458 0 0 0 1161458 83 515 411 540 1130 2679 83 515 411 540 1130 2679 1945 32597 1865 36407 236734 244868 237127 239691 242124 1200544 0.96740 0.96510 0.00220 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 30000 717576 565461 152115 120279 100761 19518 201633 TENANT SECURITY DEPOSITS 5960 REAL ESTATE TAX AND INSURANCE ESCROW 3120 REPLACEMENT RESERVE 158805 RESIDUAL RECEIPTS RESERVE 51518 219403 TENANT SECURITY DEPOSITS 5832 RESIDUAL RECEIPTS LIABILITY 46518 52350 X 242218 0 242218 0 242218 216562 0 216562 0 216562 PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE CORPORATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CORPORATION DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINE BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. STEVEN J BOONE STEVEN IS THE PRESIDENT OF BOTH THE ORGANIZATION AND THE MANAGEMENT CO. 16100 RLJ MGT. PROVIES MANAGEMENT SERVICES TO THE ORGANIZATION, RLJ MGT. IS PAID A FEE BASED ON 7.8% OF THE GROSS COLLECTIONS OF THE ORGANIZATION. THIS IS STANDARD IN THE INDUSTRY AND THE AMOUNT THEY ARE ABLE TO CHARGE IS REGULATED BY HUD. 1 FORM 990, PART VI, SECTION A, LINE 2 STEVEN J. BOONE, WILLIAM HARVEY, AND STEVE GUTHRIE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DELEGATED TO RLJ MANAGEMENT CO,. INC. RLJ MANAGEMENT CO., INC. PERFORMS THE FOLLOWING MANAGEMENT DUTIES ON BEHALF OF NWC CORPORATION: HIRE, FIRE, AND SUPERVISE PERSONNEL ALONG WITH THE PLANNING AND EXECUTION OF THE FINANCIAL BUDGET AND ANY OTHER FINANCIAL NEEDS RELATED TO THE AFFORDABLE HOUSING PROPERTY. STEVEN BOONE, THE PRESIDENT OF NWC CORPORATION, IS COMPENSATED BY RLJ MANAGEMENT CO. BECAUSE STEVEN PERFORMS MANY DUTIES FOR RLJ MANAGEMENT CO. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 DISCUSSED AND APPROVED AT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL POTENTIAL CONFLICTS ARE DISCUSSED AT THE QUARTERLY BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NWC CORP HUD 2 INC 3021 E DUBLIN-GRANTVILLE RD 200 COLUMBUS OH 43231 341822065 HOUSING OH 501(C)(3) LINE 7 N/A 0 BUCKEYE COMMUNITY HOPE FOUNDATION 3021 E DUBLIN-GRANTVILLE RD 200 COLUMBUS OH 43231 311333992 HOUSING OH 501(C)(3) LINE 7 N/A 0 BCHF SPRINGFIELD INC 3021 E DUBLIN-GRANTVILLE RD 200 COLUMBUS OH 43231 273779762 HUD HSG PROJECT OH 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0