2024-10-03T15:39:13-04:00 2023-12-31 412024514 SOMMERVILLE & ASSOCIATES PC 2726 MATLOCK RD ARLINGTON TX 76015 990 2023-01-01 752719484 GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION INC GRAN 8175720949 PO BOX 532758 GRAND PRAIRIE TX 75053 ZELDA FREEMAN PRESIDENT/DIRECTOR 9722633858 2024-10-03 true false ELAINE L SOMMERVILLE CPA P00204458 8177955046 2024-10-03 2023 2024-10-15 13:58:12Z ZELDA FREEMAN PO BOX 532758 GRAND PRAIRIE TX 75051 145 false X X 1997 TX PROVIDING HOUSING ASSISTANCE TO QUALIFYING RESIDENTS OF GRAND PRAIRIE, TEXAS. 7 7 0 7 0 0 0 215 145 0 215 145 1200 0 0 0 0 53597 106144 53597 107344 -53382 -107199 1170684 1076092 47656 52103 1123028 1023989 X GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, INC. SERVES AS A CATALYST TO PROVIDE GRAND PRAIRIE RESIDENTS WITH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES BY PROVIDING FINANCING ALTERNATIVES, DOWN PAYMENT ASSISTANCE AND HOUSING CONSTRUCTION TO FACILITATE THE DEVELOPMENT OF QUALITY, SAFE AND AFFORDABLE SINGLE FAMILY AND MULTIFAMILY HOUSING AND THROUGH AFFORDABLE AND ASSISTED RENTAL HOUSING FOR THE COMMUNITY AND PROGRAMS NECESSARY TO SUPPORT THE RESIDENTS OF GRAND PRAIRIE HOUSING FINANCE CORPORATION RENTAL HOUSING COMMUNITIES AND THE CITIZENS OF GRAND PRAIRIE, TEXAS. false false 40997 1200 GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION PARTICIPATES IN PROGRAMS WITH THE CITY OF GRAND PRAIRIE, TEXAS TO PROVIDE QUALITY HOUSING TO LOW INCOME RESIDENTS. THE PROGRAM INCLUDES THE CONSTRUCTION OF HOMES FOR SALE AS WELL OF PROVIDING RENTAL HOMES. DURING 2023, THE PROGRAM MAINTAINED MANAGEMENT OF THE PROGRAM LOANS AND THE HOUSES ASSOCIATED WITH THEM. THE PROGRAM IS MONITORED BY THE CITY OF GRAND PRAIRIE AND HUD. 40997 true false false false false false false false true false false false true false false true true false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true true true false false false X MARSHALL SUTTON 8175720949 PO BOX 532758 GRAND PRAIRIE TX 75050 X ZELDA FREEMAN PRESIDENT/DI 1.00 X X 0 0 0 MARSHALL SUTTON SEC/TREAS/DI 1.00 X X 0 0 0 MELINDA ROGERS ASST SEC/DIR 1.00 X X 0 0 0 JULIE MITCHELL DIRECTOR 1.00 X 0 0 0 LUIS O'CAMPO DIRECTOR 1.00 X 0 0 0 TONI ANDERSON DIRECTOR 1.00 X 0 0 0 RICK WALTON DIRECTOR 1.00 X 0 0 0 false false false 145 145 145 145 1200 1200 30000 30000 24509 24509 885 885 8859 8859 2094 2094 WARRANTY 39797 39797 107344 40997 66347 0 364007 414355 46412 44493 1269 1711 758996 615533 1170684 1076092 2500 17702 37359 30336 7797 4065 47656 52103 X 1123028 1023989 1123028 1023989 1170684 1076092 X -107199 8160 X false true X false false X 150198 260540 69923 480661 150198 260540 69923 480661 480661 106 143 2 215 145 611 77 139 402 618 481890 908540 0.99740 0.99280 X PART II, LINE 10 LATE FEES 216 INSURANCE REFUNDS 402 false true X HOUSING LOANS RECEIVABLE 615533 C 615533 X 8305 8160 8160 145 145 109844 2500 2500 107344 107344 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE PROGRAMS INCLUDE PROVIDING LOW INCOME HOUSING THROUGH SALES OF HOUSES ON SELLER-FINANCED NOTES. EACH PARTICIPANT'S LOAN ARRANGEMENT INCLUDES AN ESCROW ARRANGEMENT FOR INSURANCE, TAXES AND HOME WARRANTIES RELATED TO THE PROPERTY. ANY EXCESS ESCROW FUNDS WOULD BE DUE BACK TO THE PARTICIPANT IN THE EVENT THE RELATED NOTE OBLIGATION IS PAID OFF. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS NOT CONSIDERED A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) OF THE INTERNAL REVENUE CODE. SCHEDULE D, PAGE 4, PART XII, LINE 2D PRE 2023 ADJUSTMENT 2,500 JACKSON CONSULTING COMPANY INC SEE PART V 30000 MANAGEMENT FEES false SCHEDULE L, PART V SCHEDULE L PART IV LINE (1) - THE ENTITY IS MORE THAN 35% OWNED, DIRECTLY OR INDIRECTLY BY DOUG JACKSON, A FORMER OFFICER AND FOUNDER OF THE ORGANIZATION. FORM 990 - ORGANIZATION'S MISSION GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, INC. SERVES AS A CATALYST TO PROVIDE GRAND PRAIRIE RESIDENTS WITH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES BY PROVIDING FINANCING ALTERNATIVES, DOWN PAYMENT ASSISTANCE AND HOUSING CONSTRUCTION TO FACILITATE THE DEVELOPMENT OF QUALITY, SAFE AND AFFORDABLE SINGLE FAMILY AND MULTIFAMILY HOUSING AND THROUGH AFFORDABLE AND ASSISTED RENTAL HOUSING FOR THE COMMUNITY AND PROGRAMS NECESSARY TO SUPPORT THE RESIDENTS OF GRAND PRAIRIE HOUSING FINANCE CORPORATION RENTAL HOUSING COMMUNITIES AND THE CITIZENS OF GRAND PRAIRIE, TEXAS. FORM 990, PAGE 6, PART VI, LINE 3 DURING THE YEAR, THE ORGANIZATION DELEGATED DAY TO DAY MANAGEMENT OF THE ACTIVITIES TO JACKSON CONSULTING COMPANY, INC. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS PROVIDED TO THE PRESIDENT AND THE SECRETARY/TREASURER FOR THEIR REVIEW. AN ELECTRONIC COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. THE RETURN IS ALSO REVIEWED BY THE ENTIRE BOARD AT THE NEXT MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION. THE RESPONSIBLE PERSON IS TO DISCLOSE THE CIRCUMSTANCES OF A CONFLICT OF INTEREST OR POTENTIONAL CONFLICT OF INTEREST TO THE CHAIR. THE CHAIR WILL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST AS DEFINED BY THE ORGANIZATION'S POLICY. ANY CONFLICTS ARE TO BE DISCLOSED AT A MEETING AND DOCUMENTED IN THE MINUTES OF THE MEETING. THE RESPONSIBLE PERSON SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER, EXCEPT TO PROVIDE MATERIAL FACTS AND RESPOND TO QUESTIONS. THE RESPONSIBLE PERSON MUST ABSTAIN FROM VOTING AND NOT BE COUNTED FOR QUORUM. THE POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ADDITIONALLY, THE ORGANIZATION HAS EACH PERSON COMPLETE AN ANNUAL QUESTIONNAIRE TO REVIEW FOR ANY POTENTIAL OR KNOWN CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9 RETURN OF PRIOR YEAR GRANT 8,160