2025-10-03T09:57:28-05:00 2024-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2024-01-01 421362432 THE HOUSING FELLOWSHIP HOUS 3193589212 322 E 2ND STREET IOWA CITY IA 52240 JERRY BACON CHIEF FINANCIAL OFFICER 3193589212 2025-09-26 1 1 MEREDITH BELL P01696827 8042822121 2025-09-26 2024 2025-03-06 01:10:19Z SIMON ANDREW 322 E 2ND STREET IOWA CITY IA 52240 1710639 0 X WWW.HOUSINGFELLOWSHIP.COM X 1990 IA TO PROVIDE QUALITY HOMES THAT ARE AFFORDABLE TO PEOPLE WITH LIMITED INCOMES. 12 12 8 12 0 0 307234 94075 1396956 1588228 88372 19561 0 0 1792562 1701864 0 0 0 0 491651 597455 0 0 0 1350498 1389280 1842149 1986735 -49587 -284871 15825721 16227336 9421861 10108347 6403860 6118989 TO PROVIDE QUALITY HOMES THAT ARE AFFORDABLE TO PEOPLE WITH LIMITED INCOMES. 0 0 1678241 0 1588228 THE FELLOWSHIP OWNED AND MANAGED 211 UNITS OF AFFORDABLE HOUSING IN THE IOWA CITY AREA, HOUSING 560 PERSONS. IT RECEIVED AND PROCESSED 138 APPLICATIONS FOR HOUSING. 1678241 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 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 0 0 1 1 0 0 0 1 15 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IA X JERRY BACON 3193589212 322 E 2ND STREET IOWA CITY IA 52240 SHANNON MCMAHON PRESIDENT 1.00 X X 0 0 0 BRONIS PERTEIT VICE PRESIDENT 1.00 X X 0 0 0 TODD STEWART TREASURER/SECRETARY 1.00 X X 0 0 0 ROGER BRADLEY DIRECTOR 1.00 X 0 0 0 ANTHONY BRANCH DIRECTOR 1.00 X 0 0 0 TANGELA CROSBY DIRECTOR 1.00 X 0 0 0 JEFFERY FORD DIRECTOR 1.00 X 0 0 0 KEVIN HANICK DIRECTOR 1.00 X 0 0 0 MATT HEKTOEN DIRECTOR 1.00 X 0 0 0 BARBARA MCFADDEN DIRECTOR 1.00 X 0 0 0 SHEVONNA NORRIS DIRECTOR 1.00 X 0 0 0 MELISSA SCHOOLEY DIRECTOR (UNTIL 08/24) 1.00 X 0 0 0 MARK SEABOLD DIRECTOR 1.00 X 0 0 0 SIMON ANDREW EXECUTIVE DIRECTOR 40.00 X 123806 0 18169 ROSS RESETICH CFO (UNTIL 9/24) 40.00 X 95325 0 19583 JERRY BACON CFO (EFF. 9/24) 40.00 X 31090 0 8406 TASHUNDRA MARSHALL COO 40.00 X 94950 0 20440 345171 0 66598 1 0 0 0 SUEPPEL'S BUILDING AND REMODELING 804 S CAPITOL ST IOWA CITY IA 52240 BUILDING AND REMODELING 364070 1 21765 52695 19615 94075 RENTAL REVENUE 531110 1418134 1418134 OTHER MANAGEMENT FEES 900099 170140 170140 NET LOSS OF LIMITED PARTNERSHIPS 900099 -46 -46 1588228 19261 19261 9075 8775 300 300 300 1701864 1588228 0 19561 411769 308827 102942 109477 82108 27369 1634 1225 409 36305 27228 9077 38270 28703 9567 2532 2532 68001 68001 329 17 312 10472 10472 17908 17908 51293 25996 25297 473 473 149378 149378 567053 565713 1340 114301 108092 6209 REPAIRS AND MAINTENANCE 264053 264053 CONDO/ASSOCIATION FEES 78987 78987 PROPERTY TAXES 29583 29583 PERMIT & LICENSING FEES 11176 5380 5796 23741 2951 20790 1986735 1678241 308494 0 443756 410184 646686 340184 258926 360517 236608 236608 22133 21249669 7899410 12710870 13350259 1512893 1503451 15982 4000 15825721 16227336 182911 202645 25049 23688 38736 11597 9081500 9809146 93665 61271 9421861 10108347 X 6392976 6108105 10884 10884 6403860 6118989 15825721 16227336 -284871 0 X 0 1 X 1 1 1 X 139024 152962 78388 307234 94075 771683 1473887 1200293 1199719 1396956 1588228 6859083 1612911 1353255 1278107 1704190 1682303 7630766 0 1266 584 1850 1266 584 1850 7628916 699 6871 443 5533 19261 32807 699 6871 443 5533 19261 32807 1613610 1360126 1278550 1709723 1701564 7663573 0.99550 0.99650 0.00430 0.00240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3792901 3792901 16264176 7158065 9106111 19306 19306 0 944359 722039 222320 228927 228927 13350259 ANISTON VILLAGE LIMITED PARTNERSHIP 174049 C CORRIDOR WOODS LP 17303 C DEL RAY RIDGE, LP 277647 C WHISPERING GARDEN LP 888585 C BERRY COURT LP 145867 C 1503451 DAMAGE DEPOSITS 61271 61271 X 2465336 763472 763472 1701864 0 1701864 3148300 1161565 1161565 1986735 0 1986735 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE FELLOWSHIP AS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FELLOWSHIP WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY UNRELATED BUSINESS INCOME. THE FELLOWSHIP ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION 740, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN, SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FELLOWSHIP MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE BEING MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THE FELLOWSHIP BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE FELLOWSHIP HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATION BY TAX AUTHORITIES AND NO EXAMINATIONS ARE IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF PARTNERSHIPS INCLUDED ON THE CONSOLIDATED REPORT 763,472. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF PARTNERSHIPS INCLUDED ON THE CONSOLIDATED REPORT 1,161,565. A CITY OF IOWA CITY IOWA 426004805 2005-06-22 401000 NOTE FOR ACQUISITION OF 7 SINGLE-FAMILY AFFORDABLE HOUSING UNITS 0 0 0 A 389403 401000 401000 2005 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND THE EXECUTIVE DIRECTOR. A FULL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, TRUSTEES CONFIRM THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND DECLARE ANY CONFLICTS OF INTEREST OR DECLARE THAT THERE ARE NONE. FORM 990, PART VI, SECTION B, LINE 15 WAGE BUDGET INFORMATION IS COMPILED AND PRESENTED AT A BOARD MEETING. THE BOARD CONDUCTS AN ANNUAL WAGE SURVEY OF TRUSTEES AND STAFF AS PART OF THE BUDGET REVIEW AND APPROVAL PROCESS. RESULTS OF THE SURVEY, DISCUSSION AND APPROVED COMPENSATION ARE RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE HOUSING FELLOWSHIP. SOUNDGARDEN LLC 322 E 2ND STREET IOWA CITY IA 52240 RESIDENTIAL RENTALS IA -54549 990026 THE HOUSING FELLOWSHIP WHISPERING GARDEN IHA LTD PARTNERSHIP 322 E 2ND STREET IOWA CITY IA 52240 270043212 RESIDENTIAL RENTALS IA -5 99 SOUNDGARDEN LLC BERRY COURT LIMITED PARTNERSHIP 13520 CALIFORNIA STREET SUITE 250 OMAHA NE 68154 205823686 RESIDENTIAL RENTALS IA -4 123 GFB LLC GFB LLC 322 E 2ND STREET IOWA CITY IA 52240 RESIDENTIAL RENTALS IA -40070 1225262 THE HOUSING FELLOWSHIP ANISTON VILLAGE LP 13520 CALIFORNIA STREET SUITE 250 OMAHA NE 68154 421508090 RESIDENTIAL RENTALS IA THE HOUSING FELLOWSHIP RELATED -11 717044 0 1 0.00010 CORRIDOR WOODS LP 13520 CALIFORNIA STREET SUITE 250 OMAHA NE 68154 275170816 RESIDENTIAL RENTALS IA THE HOUSING FELLOWSHIP RELATED -9 1001868 0 1 0.00010 DEL RAY RIDGE LP 322 EASST 2ND STREET IOWA CITY IA 52240 822905093 RESIDENTIAL RENTALS IA THE HOUSING FELLOWSHIP RELATED -13 623821 0 1 0.00010 0 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 ANISTON VILLAGE LP Q 58390 ACTUAL COST CORRIDOR WOODS LP Q 60035 ACTUAL COST