2025-10-10T12:59:43-05:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 1297 BISMARCK ND 585021297 990 2024-01-01 450315211 COMMUNITY HOMES OF BISMARCK INC COMM 7012552540 410 S 2ND ST BISMARCK ND 58504 NICOLE SCHURHAMER MANAGING AGENT EXECUTIVE DIRECTOR 7012552540 2025-10-10 1 1 MELINDA PIATZ P00739198 7012231717 2025-10-10 2024 2025-03-06 01:10:19Z NICOLE SCHURHAMER 410 S 2ND ST BISMARCK ND 58504 5665930 0 X WWW.BURLEIGHCOUNTYHOUSING.COM X 1971 ND TO PROVIDE AFFORDABLE HOUSING AND / OR RENTAL ASSISTANCE PAYMENTS TO QUALIFIED INDIVIDUALS WITH LOW AND MODERATE INCOME LEVELS. 5 5 2 3 0 0 0 0 706625 452617 20351 2288872 34512 1819955 761488 4561444 0 0 0 0 164407 91783 0 0 0 1025822 786264 1190229 878047 -428741 3683397 6723154 6817578 4949543 1373768 1773611 5443810 TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED LOW AND MODERATE INCOME TENANTS. 0 0 678411 452617 SECTION 236 PROGRAM:TO PROVIDE AFFORDABLE HOUSING UNDER SECTION 236 TO QUALIFIED TENANTS WITH LOW TO MODERATE INCOME.SECTION 8 HOUSING CHOICE VOUCHER PROGRAM:TO PROVIDE RENTAL ASSISTANCE PAYMENTS ON BEHALF OF QUALIFIED LOW INCOME TENANTS. 678411 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 0 0 1 14 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 X NICOLE KESSLER 7012552540 410 S 2ND ST BISMARCK ND 58504 X LOIS SUNDQUIST DIRECTOR 1.00 X 3900 0 0 STEVEN SATHRE PRESIDENT 1.00 X X 3900 0 0 KATHLEEN ATKINSON VICE PRESIDENT 1.00 X X 3575 0 0 ARLENE OLSON DIRECTOR 1.00 X 3900 0 0 CYNTHIA CHAVEZ DIRECTOR 1.00 X 3575 0 0 NICOLE SCHURHAMER MANAGING AGENT/EXEC. DIR. 4.00 40.00 X 112293 0 34817 KATHIE STRUM MANAGING AGENT/ACCT END JULY 26 4.00 40.00 X 83634 0 21592 214777 0 56409 1 0 0 0 0 RENTAL INCOME 900099 450555 450555 SERVICE INCOME 900099 2062 2062 452617 94404 94404 3298954 1104486 2194468 2194468 2194468 DEBT FORGIVENESS 900099 1712238 1712238 DEVELOPER FEE 900099 97194 97194 MISCELLANEOUS 900099 10523 10523 1819955 4561444 2647085 0 1914359 18850 18850 53608 36577 17031 17846 12176 5670 1479 1009 470 36117 36117 20457 20457 4190 4190 114570 111522 3048 55964 55964 225562 225562 127720 127720 MISCELLANEOUS 97993 97993 REPAIRS & MAINTENANCE 89399 89399 PROTECTIVE SERVICES 14204 14204 CREDIT LOSS EXPENSE 88 88 878047 678411 199636 0 30120 143712 576920 28855 22443 3541739 71345 33236 5525934 3025712 5470944 2500222 514824 486921 36558 82893 6723154 6817578 582708 916676 9665 1461 2607078 361178 1750092 94453 4949543 1373768 X 1482696 5443810 290915 0 1773611 5443810 6723154 6817578 3683397 -13198 0 X X 0 1 X 1 1 1 X 41846 41846 41846 41846 41846 5700 2914 14212 20351 94404 137581 179427 0.23320 0.45870 X 164840 164840 5361094 3025712 2335382 2500222 SECURITY DEPOSITS 6796 DUE TO RELATED ENTITY 87657 94453 X PART X, LINE 2: IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HIRED BURLEIGH COUNTY HOUSING AUTHORITY (A GOVERNMENTAL ENTITY) TO MANAGE THE DAY-TO-DAY OPERATIONS. THIS INCLUDES HIRING AND FIRING OF EMPLOYEES, SUPERVISING PERSONNEL, PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS, SUPERVISING EXEMPT OPERATIONS AND SUPERVISING UNRELATED TRADES OR BUSINESSES OF THE ORGANIZATION WHERE APPLICABLE. THE TOTAL MANAGEMENT FEE PAID IN 2024 FOR THESE SERVICES WAS $36,117. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE FULL GOVERNINIG BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY BRADY MARTZ, REVIEWED BY THE MANAGING AGENT FINANCIAL DIRECTOR, REVIEWED AND SIGNED BY THE MANAGING AGENT EXECUTIVE DIRECTOR, AND PRESENTED TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE A QUESTIONNAIRE ANNUALLY AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THESE ARE BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD AND ADDRESSED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS ELECTED BURLEIGH COUNTY HOUSING AUTHORITY TO PERFORM MANAGEMENT SERVICES. COMMUNTY HOMES OF BISMARCK HAS A CONTRACT WITH BURLEIGH COUNTY HOUSING AUTHORITY FOR MANAGEMENT SERVICES PROVIDED BY BURLEIGH COUNTY HOUSING AUTHORITY'S EMPLOYEES ON BEHALF OF COMMUNITY HOMES OF BISMARCK. THIS CONTRACT IS REVIEWED AND APPROVED BY THE THE BOARD OF DIRECTORS. COMPENSATION FOR OTHER KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE MANAGING AGENT EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, AVERAGE HOURS NICOLE SCHURHAMER AND KATHIE STRUM WORK FULL-TIME (40-50 HOURS A WEEK) FOR BURLEIGH COUNTY HOUSING AUTHORITY WHICH IS THE MANAGING AGENT FOR COMMUNITY HOMES OF BISMARCK, INC. THE COMPENSATION AND BENEFITS REPORTED ON PART VII FOR NICOLE SCHURHAMER AND KATHIE STRUM IS THEIR COMPENSATION AND BENEFITS RECEIVED FROM BURLEIGH COUNTY HOUSING AUTHORITY. FORM 990, PART XII, LINE 2(C) THE FULL BOARD SELECTS THE INDEPENDENT AUDITOR AND MEETS WITH THE AUDITOR AT END OF THE AUDIT TO DISCUSS THE AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION DID NOT CHANGE THEIR OVERSIGHT PROCESS DURING THE YEAR. WASHINGTON COURT LLC 410 S 2ND ST BISMARCK ND 58504 364821779 AFFORDABLE HOUSING TO QUALIFIED LOW AND MODERATE INCOME TENANTS. ND 4346570 143712 COMMUNITY HOMES OF BISMARCK INC CHBI REDEVELOPMENT LLC 410 S 2ND ST BISMARCK ND 58504 922846090 AFFORDABLE HOUSING TO QUALIFIED LOW AND MODERATE INCOME TENANTS. ND 0 775 COMMUNITY HOMES OF BISMARCK INC COMMUNITY HOMES OF BISMARCK II 410 S 2ND ST BISMARCK ND 58504 208553549 AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME TENANTS WITH DISABILITIES. ND 501(C)(3) LINE 7 N/A 0 BURLEIGH COUNTY HOUSING AUTHORITY-GOVERNMENT UNIT 410 S 2ND ST BISMARCK ND 58504 450318953 HOUSING ASSISTANCE TO LOW INCOME FAMILIES AND INDIVIDUALS. ND N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 0 0 BURLEIGH COUNTY HOUSING AUTHORITY M 36117 CASH PAID BY ORGANIZATION BURLEIGH COUNTY HOUSING AUTHORITY E 342576 AMOUNT OF LOAN OWED BY ORGANIZATI BURLEIGH COUNTY HOUSING AUTHORITY P 87657 CASH PAID BY ORGANIZATION