2024-05-10T08:19:39-05:00 2023-12-31 391203191 SVA CERTIFIED PUBLIC ACCTS SC 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2023-01-01 421296297 DAVENPORT LEND-A-HAND HOUSING CORPORATIO DAVE 5633242011 401 WEST THIRD STREET DAVENPORT IA 52801 JOHN NEUBERGER PRESIDENT 5633242011 2024-05-09 1 JOHN NEUBERGER 999009999 1 KIRSTEN HOUGHTON P01273230 6088318181 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JOHN NEUBERGER 2625 EAST 57TH COURT DAVENPORT IA 52807 1040465 0 X N/A X 1987 IA PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY 9 9 0 9 0 0 10100 11220 961634 978996 249 16740 22691 33509 994674 1040465 0 0 0 0 0 0 0 0 0 785742 985624 785742 985624 208932 54841 1740723 1784069 3356995 3345500 -1616272 -1561431 DAVENPORT LEND-A-HAND HOUSING CORPORATION IS A NON-PROFIT ORGANIZATION THAT WAS FORMED TO CONSTRUCT AND OPERATE A LOW-INCOME ELDERLY HOUSING PROJECT IN DAVENPORT, IOWA. 0 0 985624 989943 PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY, SERVING 100 TENANTS. 985624 1 1 0 0 0 0 0 0 0 0 1 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 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X NEWBURY MANAGEMENT COMPANY 5156989717 3408 WOODLAND AVE SUITE 504 WEST DES MOINES IA 50266 X JACK SMIT TREASURER 0.10 0.10 X X 0 0 0 ROMAN SCHOLTZ DIRECTOR 0.10 0.10 X 0 0 0 STEVEN BERGER SECRETARY 0.10 0.10 X X 0 0 0 DELORES DEUTH DIRECTOR 0.10 0.10 X 0 0 0 JOHN E NEUBERGER PRESIDENT 0.10 0.10 X X 0 0 0 TONY HATHAWAY DIRECTOR 0.10 0.10 X 0 0 0 SHEILA DELUHERY VICE PRESIDENT 0.10 0.10 X X 0 0 0 PAUL SCHMITT DIRECTOR 0.10 0.10 X 0 0 0 KURT P SPURGEON DIRECTOR 0.10 0.10 X 0 0 0 0 0 0 0 0 0 0 0 11220 11220 RENTAL INCOME 531110 963699 963699 SPECIAL CLAIMS 531110 8679 8679 LAUNDRY & VENDING 531110 6618 6618 978996 597 597 22562 0 22562 22562 22562 16143 0 16143 16143 16143 OTHER INCOME 900099 10947 10947 10947 1040465 989943 0 39302 58358 58358 1063 1063 18250 18250 5883 5883 1904 1904 32633 32633 571881 571881 62214 62214 14510 14510 PAYROLL REIMBURSEMENTS 141145 141145 SERVICE COORDINATOR EXP 55374 55374 RESIDENT ACTIVITIES 11220 11220 BAD DEBT EXPENSE 9333 9333 1856 1856 985624 985624 0 0 109524 84923 34264 3699 6697 4670 6236295 5434747 777394 801548 45487 41366 767357 847863 1740723 1784069 38358 139973 9240 12156 3168693 3057451 140704 135920 3356995 3345500 X -1616272 -1561431 -1616272 -1561431 1740723 1784069 54841 0 X 0 1 X 0 1 1 X 2500 10100 11220 23820 935470 924192 939137 961634 978996 4739429 935470 924192 941637 971734 990216 4763249 2500 10100 11220 23820 17696 17145 8607 43448 20196 27245 19827 67268 4695981 231 238 181 249 16740 17639 231 238 181 249 16740 17639 20989 28210 25652 22691 33509 131051 956690 952640 967470 994674 1040465 4911939 0.95600 0.96530 0.00360 0.00030 X FORM 990, SCHEDULE A, PART III, LINE 2 THE ORGANIZATION HAS A SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), IN WHICH THE ORGANIZATION RECEIVES FUNDING FROM HUD TO SUBSIDIZE ITS AFFORDABLE HOUSING. IN 2017 AND PRIOR YEARS, THESE SUBSIDIES WERE ORIGINALLY REPORTED AS CONTRIBUTIONS (GOVERNMENT GRANTS) ON SCHEDULE A, PART II, LINE 1. THESE GOVERNAMENT PAYMENTS ARE ACTUALLY PROGRAM SERVICE REVENUE (REPRESENT RENTAL INCOME PAID TO THE PROJECT ON BEHALF OF TENANTS) AND, ACCORDINGLY, HAVE BEEN INCLUDED ON SCHEDULE A, PART III, LINE 2. WITH THE CHANGE IN PRESENTATION, THE ORGANIZATION DID AND CONTINUES TO PASS THE PUBLIC SUPPORT TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 287215 287215 5165787 4747402 418385 479994 428300 51694 303299 259045 44254 801548 TENANT SECURITY DEPOSITS 26881 REPLACEMENT RESERVE 243294 OPERATING RESERVE 259855 RESIDUAL RECEIPTS RESERVE 168216 MORTGAGE ESCROW 43440 OPERATING LEASE RIGHT-OF-USE ASSET 106177 847863 TENANT SECURITY DEPOSITS 26895 OPERATING LEASE LIABILITY 109025 135920 1040465 0 1040465 0 1040465 985624 0 985624 0 985624 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A PROPERTY MANAGEMENT AGREEMENT WITH NEWBURY MANAGEMENT COMPANY UNDER WHICH THE ORGANIZATION IS OBLIGATED TO PAY A PROPERTY MANAGEMENT FEE EQUAL TO 6.00% OF GROSS RESIDENTIAL RENTS AND MISCELLANEOUS INCOME COLLECTED. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS SIGNED AND FILED BY THE BOARD PRESIDENT. HOWEVER, THERE IS A FORMAL REVIEW OF THE AUDIT REPORT, WHEREBY ALL BOARD MEMBERS ARE PRESENT. FINANCIAL INFORMATION USED IN THE PREPARATION OF THE FORM 990 COMES DIRECTLY FROM THE FINAL AUDIT REPORT AND ITS DISCLOSURES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND SIGNED COPIES OF TAX RETURNS ARE KEPT BY NEWBURY MANAGEMENT COMPANY, AT 3408 WOODLAND AVE., SUITE 504, WEST DES MOINES, IA, 50266, AND MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. DAVENPORT LEND-A-HAND INC 401 WEST THIRD STREET DAVENPORT IA 52801 420208260 ELDERLY ASSISTANCE VIA SUPPORT OF DAVENPORT LEND-A-HAND HOUSING CORP. IA 501(C)(3) LINE 12B, II DAVENPORT LEND-A-HAND HOUSING CORPORATION 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0