2024-06-17T13:17:57-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 931129860 Specialized Housing VIII Inc SPEC 5034699248 4140 SW 109th Avenue Beaverton OR 97005 Lydia Whitaker Secretary/Treasurer 5034699248 2024-06-13 1 Lydia Whitaker 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-06-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Baybridge Apartments Lydia Whitaker 4140 SW 109th Avenue Beaverton OR 97005 136235 0 X N/A X 1993 OR Affordable housing for persons with Intellectual and Developmental Disabilities. 8 8 0 7 0 0 0 0 136883 136218 8 17 0 0 136891 136235 0 0 0 0 21544 8237 0 0 0 145067 151507 166611 159744 -29720 -23509 645576 622836 15177 15946 630399 606890 Operation of a 22-unit apartment complex under section 811 of the National Affordable Housing Act. Housing is provided for individuals who have medical, emotional, and chronical mental illness. 0 0 108344 136218 During the year Specialized Housing VIII, otherwise known as Bay Bridge Apartments (Bay Bridge), made available 22 HUD housing units to 22 tenants who suffer from medical, emotional, and/or chronical mental illness. Bay Bridge also worked on a number of improvement projects to beautify the property. These included painting all walls and ceilings in the units, replacing broken windows, landscaping, and are currently working on painting the patio. 108344 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 X 8 8 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 OR X Grand Management Inc 5412695561 420 Park Ave Coos Bay OR 97420 Brian McCarl Executive Director 1.00 39.00 X X 0 222212 11111 Lydia Whitaker Secretary/Treasurer 1.00 39.00 X X 0 129422 5936 David Geels President (From June 2023) 0.50 0.00 X X 0 0 0 Tara Johnson Vice President 0.50 0.00 X X 0 0 0 Trisha Shook Board Member (From June 2023) 0.50 0.00 X 0 0 0 Ruth Brook Board Member (From June 2023) 0.50 0.00 X 0 0 0 Sam Baugh Board Member (From June 2023) 0.50 0.00 X 0 0 0 Paul Gonzales Board Member (From June 2023) 0.50 0.00 X 0 0 0 0 351634 17047 0 0 1 0 0 Rental Income 531110 76031 76031 HUD Rental Assistance 531110 58096 58096 Tenant Charges 531110 1032 1032 Laundry & Vending 531110 579 579 480 480 136218 17 17 136235 136218 0 17 8237 8237 15120 15120 12000 12000 11609 11609 74943 74943 28747 28747 Taxes and Insurance 4654 4654 Administrative Expenses 4434 4434 159744 108344 51400 0 18965 10331 54191 67772 355 1415 1323912 785819 566840 538093 5225 5225 645576 622836 8503 7701 1449 3020 5225 5225 15177 15946 X 630399 606890 630399 606890 645576 622836 -23509 0 X 1 X 0 0 0 X 115478 118088 149977 136883 136218 656644 115478 118088 149977 136883 136218 656644 0 26218 26218 26218 26218 630426 12 12 7 8 17 56 12 12 7 8 17 56 2075 2032 1741 5848 117565 120132 151725 136891 136235 662548 0.95150 0.98630 0.00010 0.00010 X Schedule A, Part III, Line 12, Explanation of Other Income: Laundry Vending and Other Income - 2018 Amount: $ 2,075. 2019 Amount: $ 2,032. 2020 Amount: $ 1,741. 0 1 X 157365 157365 1100769 724825 375944 54049 52811 1238 11729 8183 3546 538093 X Part IV, Line 2b: Tenant deposits payable are included on Form 990, Part X Line 21 Part X, Line 2: Management believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Project would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 0 0 0 0 0 0 0 0 0 Brian McCarl Executive Director 0 222212 0 0 0 0 0 11111 0 0 0 233323 0 0 Schedule J, Part I, Line 3 The Organization does not establish the compensation of the Executive Director. Compensation is determined by a related organization, Specialized Housing, and the organization relied on the related organization to establish compensation. Form 990, Part VI, Section A, line 3 The project has entered into an agreement with Grand Management Services, Inc. to provide management services. During the year ending June 30, 2023 the project incurred management fees of $15,120 to the management company. The project reimbursed Grand Management $13,053 for payroll and $1,822 in payroll taxes and worker comp. Form 990, Part VI, Section A, line 8b There are no committees with broad authority to act on behalf of the governing board. Form 990, Part VI, Section B, line 11b Form 990 is reviewed and compared to the compiled financial statements by the Executive Director and the Secretary/Treasurer. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available upon request. Specialized Housing Inc 4140 SW 109th Avenue Beaverton OR 97005 930790440 Low Income Housing OR 501(c)(3) Line 10 N/A 0 Specialized Housing I Inc 4140 SW 109th Avenue Beaverton OR 97005 943114966 Low Income Housing OR 501(c)(3) Line 7 N/A 0 Specialized Housing II Inc 4140 SW 109th Avenue Beaverton OR 97005 930836356 Low Income Housing OR 501(c)(3) Line 7 N/A 0 Specialized Housing III Inc 4140 SW 109th Avenue Beaverton OR 97005 930836355 Low Income Housing OR 501(c)(3) Line 7 N/A 0 Specialized Housing V Inc 4140 SW 109th Avenue Beaverton OR 97005 930863357 Low Income Housing OR 501(c)(3) Line 7 N/A 0 Specialized Housing VI Inc 4140 SW 109th Avenue Beaverton OR 97005 930888900 Low Income Housing OR 501(c)(3) Line 7 N/A 0 Specialized Housing VII Inc 4140 SW 109th Avenue Beaverton OR 97005 931077103 Low Income Housing OR 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