2025-01-13T17:33:53-06:00 2024-09-30 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-10-01 421389469 MARION ELDERLY HOUSING INC C/O YOUNG MANAGEMENT CORPORATION MARI 9139473131 22602 STATE LINE ROAD BUCYRUS KS 66013 KAY MCGUIRE PRESIDENT 9139473131 2025-01-13 1 0 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z KAY MCGUIRE 22602 STATE LINE ROAD BUCYRUS KS 66013 384473 0 X N/A X 1992 IA TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS. 5 5 0 12 0 0 0 0 365488 382656 2127 1817 0 0 367615 384473 0 0 0 0 104185 93525 0 0 0 321401 297215 425586 390740 -57971 -6267 329552 321237 48188 46140 281364 275097 TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 0 0 338023 382656 THE ORGANIZATION PROVIDES 53 UNITS OF AFFORDABLE QUALITY HOUSING PLUS ONE UNIT OF MARKET RATE HOUSING FOR THE ELDERLY. 338023 1 0 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 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X YOUNG MANAGEMENT CORPORATION 9139473131 22602 STATE LINE ROAD BUCYRUS KS 66013 X DAN MORGAN VICE PRESIDENT 1.00 X X 0 0 0 KAY MCGUIRE PRESIDENT 1.00 X X 0 0 0 DONALD RATZLAFF SECRETATY 1.00 X X 0 0 0 DEB ROTH TREASURER 1.00 X X 0 0 0 DAN BARKLEY BOARD MEMBER 1.00 X 0 0 0 JANE DRAPEAUX BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL REVENUE 531110 379083 379083 LAUNDRY REVENUE 531110 3573 3573 382656 1817 1817 384473 382656 0 1817 82670 82670 1559 1559 9296 9296 33799 33799 14867 14867 8409 8409 8077 8077 66805 66805 659 659 17901 17901 31597 31393 204 REPAIRS & MAINTENANCE 84304 84304 ELDERLY CARE SERVICES 25140 25140 MISCELLANEOUS ADMINISTR 3188 3188 OTHER RENTING EXPENSES 1319 1319 1150 1150 390740 338023 52717 0 5027 9820 14125 14125 534 278 7337 12883 3117259 2995817 139343 121442 163186 162689 329552 321237 27408 19342 1611 8857 19169 17941 48188 46140 X -2418836 -2425103 2700200 2700200 281364 275097 329552 321237 -6267 0 X 0 1 X 0 1 1 X 3658 3658 281123 295387 319371 365488 382656 1644025 284781 295387 319371 365488 382656 1647683 0 0 0 1647683 445 100 15 2127 1817 4504 445 100 15 2127 1817 4504 285226 295487 319386 367615 384473 1652187 0.99730 0.99810 0.00270 0.00190 X 7143 7143 2833702 2809285 24417 240381 166210 74171 36033 20322 15711 121442 TENANT SECURITY DEPOSITS 18666 REPLACEMENT RESERVE 122323 ESCROW DEPOSITS 21700 162689 TENANT SECURITY DEPOSITS PAYABLE 17941 17941 X 384473 0 384473 0 384473 390740 0 390740 0 390740 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO YOUNG MANAGEMENT CORPORATION. THE MANAGEMENT COMPANY SPECIALIZES IN PROVIDING MARKETING, RENTAL, COLLECTIONS, MAINTENANCE AND REPAIR, AS WELL AS OTHER SERVICES FOR HOUSING PROJECTS. FORM 990, PART VI, SECTION A, LINE 7A TWO DIRECTORS MAY BE EMPLOYEES OF HAWKEYE AREA COMMUNITY ACTION, INC., BUT SHALL BE NON-VOTING MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WITH ALL APPLICABLE SCHEDULES COMPLETED FOR MARION ELDERLY HOUSING, INC. IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED WHEN NEW BOARD MEMBERS JOIN OR CIRCUMSTANCES ARISE THAT COULD LEAD TO POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 MARION ELDERLY HOUSING, INC. MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.