2024-07-03T09:29:59-05:00 2023-12-31 991781118 EAG AFFORDABLE HOUSING LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2023-01-01 263344209 WILLOW GLEN ELDERLY HOUSING CORP WILL 3302976400 120 E MAIN ST RAVENNA OH 44266 STACY BROWN PRESIDENT 3302976400 2024-06-17 1 STACY BROWN XXX-XX-XXXX 0 TODD FENTRESS P01242481 6145281440 2024-06-17 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z STACY BROWN 120 E MAIN ST RAVENNA OH 44266 266728 0 X N/A X 2007 OH TO PROMOTE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 12 9 0 13 0 0 82011 77512 173999 185619 1073 2407 3256 1190 260339 266728 0 0 0 0 0 0 0 0 0 407240 415797 407240 415797 -146901 -149069 4060552 3918109 355181 361807 3705371 3556302 TO PROMOTE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 0 0 378300 186809 TO PROMOTE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 378300 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 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 0 0 X 12 9 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 OH X STACY BROWN 3302976400 120 EAST MAIN STREET RAVENNA OH 44266 STACY BROWN EXECUTIVE DIRECTOR 1.00 40.00 X X 0 125950 0 MICHAEL BOGO DEPUTY DIRECTOR 1.00 40.00 X X 0 113500 0 KAITLYN MCNERNEY CFO 3.00 40.00 X X 0 94793 0 ROD MISHLER TREASURER 1.00 X X 0 0 0 BARB WENSEL SECRETARY 1.00 X X 0 0 0 JEFF MILLS CHAIR 1.00 X X 0 0 0 RENEE BOOHER VICE CHAIR 1.00 X X 0 0 0 DONNA KOVOLYAN BOARD MEMBER 1.00 X 0 0 0 HEIDI KOVACH BOARD MEMBER 1.00 X 0 0 0 BEN GREENBERG BOARD MEMBER 1.00 X 0 0 0 SHIRLEY CAPPARELL BOARD MEMBER 1.00 X 0 0 0 SHARON SPENCER BOARD MEMBER (RESIGNED 2023) 1.00 X 0 0 0 RYAN WAGONER BOARD MEMBER (EFF. 2023) 1.00 X 0 0 0 0 334243 0 0 0 0 0 0 77512 77512 RENTAL REVENUE 531110 185619 185619 185619 2407 2407 LAUNDRY & VENDING 531110 1160 1160 TENANT CHARGES 531110 30 30 1190 266728 186809 0 2407 27397 27397 650 650 9329 9329 97976 97976 2500 2500 152307 152307 6756 6756 CONTRACT SERVICES 100080 100080 MISC. FINANCIAL EXPENSE 10599 499 10100 REPAIRS AND MAINTENANCE 8044 8044 MISC. ADMIN EXPENSE 104 104 55 55 415797 378300 37497 0 13156 10547 979 449 2830 2464 5374826 1843809 3670865 3531017 372722 373632 4060552 3918109 51416 54435 3142 4055 162216 164820 138407 138497 355181 361807 X -1458734 -1597803 5164105 5154105 3705371 3556302 4060552 3918109 -149069 0 X X 0 1 X 1 1 1 X 98708 91245 93128 82011 77512 442604 98708 91245 93128 82011 77512 442604 442604 159 2611 182 1073 2407 6432 4703 9654 5871 3256 1190 24674 473710 865158 0.93430 0.93230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118161 118161 5028237 1655706 3372531 228428 188103 40325 3531017 TENANT SECURITY DEPOSITS 15107 OFF-SITE ESCROWS 650 ESCROW DEPOSITS 40815 REPLACEMENT RESERVE 123066 RESIDUAL RECEIPTS RESERVE 20966 OPERATING RESERVE 173028 373632 DUE TO AFFILIATES 124088 TENANT SECURITY DEPOSITS 14409 138497 X 266728 0 266728 0 266728 415797 0 415797 0 415797 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 DECEMBER 31, 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED THE FINANCIAL MANAGEMENT DUTIES TO NDS, INC. AND THE DAY TO DAY PROPERTY MANAGEMENT DUTIES TO NEIGHBORHOOD PROPERTY MANAGEMENT, LLC. THE ORGANIZATION HAS THREE BOARD MEMBERS COMPENSATED BY THE MANAGEMENT COMPANY. THEIR COMPENSATION DETAIL IS LISTED ON PART VII OF THE RETURN. FORM 990, PART VI, SECTION A, LINE 8A WILLOW GLEN CORP. IS AN ELDERLY MULTI-FAMILY RENTAL FACILITY, ITS ONLY PURPOSE IS FOR THE RENTAL OF THOSE UNITS. ALL DECISIONS/MEETINGS ARE HELD AS THEY ARE WITH ANY OTHER PROPERTY IN OUR RENTAL PORTFOLIO. FORM 990, PART VI, SECTION A, LINE 8B ALL FINANCIAL REPORTING AND ACTIONS FOR WILLOW GLEN ARE REPORTED ON TO THE ASSET COMMITTEE FOR NDS, INC. AND REPORTED ON TO THE NDS, INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ASSET COMMITTEE OF NEIGHBORHOOD DEVELOPMENT SERVICES, INC. (NDS, INC.). THE COMMITTEE REPORTS TO NDS, INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS AND EMPLOYEES OF NDS, INC. MUST SIGN THE POLICY AND ANSWER A QUESTIONNAIRE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICT, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NDS INC 120 EAST MAIN STREET RAVENNA OH 44266 341485111 AFFORDABLE HOUSING OH 501(C)(3) LINE 7 N/A 0 TERRILL SUITES INC 120 EAST MAIN STREET RAVENNA OH 44266 043718049 AFFORDABLE HOUSING OH 501(C)(3) LINE 7 NDS INC 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 NDS INC E 124088 COST