2024-11-15T10:39:14-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 421186191 JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC JACO 5152438300 2930 BELL AVENUE DES MOINES IA 503211421 JOHN WETHERELL PRESIDENT 5152438300 2024-11-15 1 0 JESSICA COOPER P01011828 3178485700 2023 2024-10-15 13:58:12Z JOHN WETHERELL 655 49TH STREET DES MOINES IA 50312 755735 0 X N/A X 1982 IA JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. 10 10 0 0 0 0 401319 380041 312836 364169 80 238 17456 11287 731691 755735 0 0 0 0 0 0 0 0 0 681472 690022 681472 690022 50219 65713 2406083 2431955 1884479 1844638 521604 587317 X JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. 0 0 589146 364169 JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. 589146 1 1 0 0 0 0 0 0 0 0 1 0 1 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 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 X DARWIN T LYNNER CO INC 5152438300 2930 BELL AVENUE DES MOINES IA 503211421 X JOHN WETHERELL PRESIDENT 0.10 X X 0 0 0 PHYLLIS BLOOD MELTON TREASURER 0.10 X X 0 0 0 MARK SHERINIAN FORMER SECRETARY 0.10 X X 0 0 0 SKEET WOOTTEN SR. WARDEN 0.10 X 0 0 0 JIM RYAN DIRECTOR 0.10 X 0 0 0 MARTHA KESTER DIRECTOR 0.10 X 0 0 0 DASHLE KELLEY DIRECTOR 0.10 X 0 0 0 STEPHANIE WELLS DIRECTOR 0.10 X 0 0 0 STEPHANIE MORRISON SECRETARY 0.10 X X 0 0 0 0 0 0 0 0 0 0 0 380041 380041 RENTAL INCOME 531110 364169 364169 364169 238 238 LAUNDRY & VENDING 531110 7343 7343 TENANT CHARGES 531110 3837 3837 OTHER INCOME 531110 107 107 11287 755735 364169 0 11525 62270 62270 17508 17508 993 993 20105 20105 374404 374404 121349 121349 MGMT CO EMPLOYEE CHARGE 91976 91976 BAD DEBTS 1398 1398 LOSS DUE TO RECAPTURE O 19 19 690022 589146 100876 0 4289 2584 969 2268 20752 17918 4920844 3059390 1955512 1861454 294044 414575 54417 51515 76100 81641 2406083 2431955 28284 48485 390 992 1819656 1755539 36149 39622 1884479 1844638 X 521604 587317 521604 587317 2406083 2431955 65713 0 X X 0 1 X 1 1 1 X 380216 379642 417224 401319 380041 1958442 292702 307104 307847 312836 364169 1584658 672918 686746 725071 714155 744210 3543100 0 0 0 3543100 236 127 92 80 238 773 236 127 92 80 238 773 12093 10608 8175 17456 11287 59619 685247 697481 733338 731691 755735 3603492 0.98320 0.98310 0.00020 0.00020 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180000 180000 4604202 2922755 1681447 136642 136635 7 1861454 REPLACEMENT RESERVE FUND 414575 C 414575 TENANT SECURITY DEPOSITS 29226 RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE 10396 39622 X 755735 0 755735 0 755735 690022 0 690022 0 690022 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 AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. 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. FORM 990, PART VI, SECTION A, LINE 3 JACOBS PLACE APARTMENTS IS MANAGED BY DARWIN T. LYNNER, INC. A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. DARWIN T. LYNNER HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED DARWIN T. LYNNER TO MANAGE THE JACOBS PLACE APARTMENT COMMUNITY. 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 B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. ONCE THE BOARD HAS HAD AN OPPORTUNITY TO ADDRESS ANY COMMENTS, THE BOARD WILL LET THE MANAGEMENT COMPANY KNOW THAT THE RETURN IS READY FOR FILING. THE MANAGEMENT COMPANY WILL FORWARD THIS ON TO THE ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 15 IF THERE WERE CIRCUMSTANCES THAT REQUIRED A TYPE OF COMPENSATION, IT WOULD NEED APPROVAL FROM THE BOARD OF DIRECTORS PRIOR TO THE COMPENSATION AS STATED IN THE BYLAWS. HOWEVER, NO SUCH CIRCUMSTANCE HAS OCCURRED AS OF YET. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2 AUDIT OVERSIGHT 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. EACH YEAR WHEN THE AUDIT IS UP FOR BID, THE BOARD OF DIRECTORS DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION TO MAINTAIN THE CURRENT RELATIONSHIP OR CONTRACT A NEW AUDITING FIRM. SAINT PAUL'S EPISCOPAL CHURCH 815 HIGH STREET DES MOINES IA 50309 420680444 CHURCH-WORSHIP IA 501(C)(3) RELIGIOUS ORG. EPISCOPAL DIOCESE OF IOWA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0