2024-10-01T16:19:20-05:00 2023-12-31 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2023-01-01 742354546 WMCH DEVELOPMENT CORPORATION WMCH 6029970013 2330 WEST MISSION LANE 10 PHOENIX AZ 85021 DR JAMES SIELSKI PRESIDENT 6029970013 2024-10-01 1 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2024-10-01 2023 2024-10-15 13:58:12Z DR JAMES SIELSKI 2330 WEST MISSION LANE 10 PHOENIX AZ 85021 351655 0 X N/A X 1984 AZ TO PROVIDE HOUSING AND SUPPORT SERVICES FOR ELDERLY AND HANDICAPPED PERSONS. 3 3 0 10 0 0 0 0 333188 350894 -598 761 0 0 332590 351655 0 0 0 0 94624 103274 0 0 0 222382 209774 317006 313048 15584 38607 218702 194275 412321 349287 -193619 -155012 X TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR HEALTH, SECURITY, AND SOCIAL NEEDS. 0 0 258965 350894 THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY AND PERSONS WITH DISABILITIES THROUGH THE OPERATION OF A 32-UNIT MULTIFAMILY HOUSING COMPLEX IN SPRINGERVILLE, ARIZONA. IN 2023, THIS ORGANIZATION PROVIDED DECENT AND SAFE HOUSING TO 36 RESIDENTS: 6% BETWEEN THE AGES 18-61 (NON-ELDERLY PEOPLE WITH DISABILITIES), 86% BETWEEN THE AGES 62-81, AND 8% BETWEEN THE AGES 82-93.IN 2023, THE SPRINGERVILLE/EAGER CHAMBER OF COMMERCE PROVIDED SEVERAL ON-SITE ACTIVITIES FOR THE RESIDENTS. ST MARY'S FOOD BANK DELIVERED FOOD BOXES TO RESIDENTS EACH MONTH AND RESIDENTS RECEIVED COMMODITIES EVERY TUESDAY. MANY OF THE RESIDENTS RECEIVED SERVICES AND CASE MANAGEMENT THROUGH NACOG (NORTHERN ARIZONA COUNCIL OF GOVERNMENTS) AND THE ROUND VALLEY SENIOR CENTER. RESIDENTS ALSO (CONT'D ON SCH O) ATTENDED ACTIVITIES, SUCH AS BINGO, AT THE SENIOR CENTER. 258965 1 0 0 0 0 0 0 0 1 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 0 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X NANCY BILLS 6029970013 2330 W MISSION LANE 10 PHOENIX AZ 85021 X MARY NEDROW PRESIDENT (THRU 10/23) 0.75 X X 0 0 0 RICHARD AYRES VICE PRESIDENT (THRU 9/23) 0.75 X X 0 0 0 JIM BROWN TREASURER (THRU 10/23) 0.75 X X 0 0 0 TIM RASMUSSEN SECRETARY (THRU 02/23) 0.75 X X 0 0 0 STEVEN M HOPKINS DIRECTOR 0.75 X 0 0 0 PAUL DRAKE DIRECTOR (THRU 11/23) 0.75 X 0 0 0 JOHN FREDERICKSEN DIRECTOR (THRU 10/23) 0.75 X 0 0 0 TONY RAYKOVITZ VICE PRESIDENT (FROM 9/23) 0.75 X X 0 0 0 DR JAMES SIELSKI - DIRECTOR (FROM 4/23)/PRESIDENT (FROM 10/23) 0.75 X X 0 0 0 PAULA PENTECOST SECRETARY (THRU 11/23) 0.75 X X 0 0 0 0 0 0 0 0 0 0 0 NET RENTAL INCOME 623990 345905 345905 LAUNDRY AND VENDING 812300 4468 4468 DAMAGES/CLEANING FEES 623990 521 521 350894 761 761 351655 350894 0 761 76472 71935 4537 19115 17981 1134 7687 7231 456 15360 15360 452 452 15724 15724 5237 5237 11112 11112 1686 1686 55375 55375 1567 1567 2055 2055 27524 27524 27246 27246 9262 9262 REPAIRS AND MAINTENANCE 26823 26823 LICENSES AND FEES 10351 10351 313048 258965 54083 0 4445 6538 861 0 4400 4773 1111880 1015699 123427 96181 85569 86783 218702 194275 23522 23815 248 597 10649 10659 331565 267879 46337 46337 412321 349287 X -193619 -155012 -193619 -155012 218702 194275 38607 0 X 0 1 X 0 0 X 316730 320381 327706 333188 350894 1648899 316730 320381 327706 333188 350894 1648899 0 83656 91387 130557 104367 134786 544753 83656 91387 130557 104367 134786 544753 1104146 26 14 11 13 761 825 26 14 11 13 761 825 316756 320395 327717 333201 351655 1649724 0.66930 0.68040 0.00050 0.00010 X 0 1 X 15082 15082 1002655 925314 77341 59432 55674 3758 34711 34711 0 96181 ESCROW DEPOSITS 7681 REPLACEMENT RESERVE 57340 TENANT DEPOSITS HELD IN TRUST 14922 RESIDUAL RECEIPTS 6840 86783 ADVANCES FROM WMCD DEVELOPMENT CORP 46337 46337 X 351655 0 351655 0 351655 313048 0 313048 0 313048 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT DEPOSITS HELD IN TRUST. THE AMOUNTS HELD FOR RESIDENTS ARE REPORTED ON FORM 990, PART X, LINES 15 AND 21. PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF THE ORGANIZATION HAS AGREED THAT ALL MANAGEMENT SERVICES AND OVERSIGHT OF THE ORGANIZATION SHALL BE DONE BY BILTMORE PROPERTIES, INC. BILTMORE PROPERTIES, INC. HAS AGREED TO MANAGE ALL RENTAL OPERATIONS FOR A SPECIFIC FEE PER MONTH. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO BILTMORE PROPERTIES FOR THE INITIAL REVIEW. THE RETURN WILL THEN BE REVIEWED BY THE PRESIDENT AND ONCE THE FORM 990 IS IN FINAL DRAFT, A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. IF A CONFLICT OF INTEREST DOES ARISE, THE CONFLICT WOULD BE REVIEWED BY THE BOARD AND CONSIDERED FOR A DECISION. IF A CONFLICT OF INTEREST ARISES FOR A BOARD MEMBER, THE BOARD MEMBER MUST REFRAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 AS THE ORGANIZATION DOES NOT HAVE A TOP MANAGEMENT OFFICIAL AND DOES NOT COMPENSATE INDIVIDUALS SERVING AS OFFICERS, THE BOARD DOES NOT HAVE A PROCESS FOR APPROVING COMPENSATION. THE BOARD DOES HAVE A PROCESS FOR ENGAGING A MANAGEMENT COMPANY TO OVERSEE THE OPERATIONS OF THE PROPERTY. THIS PROCESS INCLUDES EVALUATION AND APPROVAL OF A MANAGEMENT COMPANY THAT WILL MEET THE NEEDS OF THE ORGANIZATION. THE BOARD REVIEWS AND APPROVES THE RATES TO BE PAID TO THE MANAGEMENT COMPANY AND THE TIME PERIOD OF THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART V, LINE 2A EMPLOYEES ARE EMPLOYED BY AN OUTSIDE AGENCY. NO FEDERAL OR STATE PAYROLL REPORTING IS DONE BY THE ORGANIZATION.