2025-11-10T12:55:56-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 770630779 FAIR HAVEN WEST INC C/O DARWIN T LYNNER CO INC FAIR 5152438300 2930 BELL AVE DES MOINES IA 503211421 JERRY ELLIS PRESIDENT 5152438300 2025-11-10 1 0 JESSICA COOPER P01011828 3178485700 2024 2025-03-06 01:10:19Z JERRY ELLIS 510 LINCOLN STREET UNIT 3D PELLA IA 50219 149889 0 X N/A X 2006 IA FAIR HAVEN WEST APARTMENTS, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 29 UNIT APARTMENT COMMUNITY KNOWN AS FAIR HAVEN WEST APARTMENTS LOCATED IN DES MOINES, IOWA. THE COMMUNITY IS BEING FINANCED WITH CAPITAL ADVANCES INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. 7 7 0 0 0 0 22991 16664 108931 125332 2559 3937 28193 3956 162674 149889 0 0 0 0 0 0 0 0 0 204221 235800 204221 235800 -41547 -85911 1772093 1719295 54881 87994 1717212 1631301 X FAIR HAVEN WEST, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 29 UNIT APARTMENT COMMUNITY KNOWN AS FAIR HAVEN WEST APARTMENTS LOCATED IN DES MOINES, IOWA. THE COMMUNITY IS BEING FINANCED WITH CAPITAL ADVANCES INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. 0 0 186952 125332 FAIR HAVEN WEST, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 29 UNIT APARTMENT COMMUNITY KNOWN AS FAIR HAVEN WEST APARTMENTS LOCATED IN DES MOINES, IOWA. THE COMMUNITY IS BEING FINANCED WITH CAPITAL ADVANCES INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. 186952 1 1 0 0 0 0 0 0 0 0 1 0 1 0 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 X DARWIN T LYNNER CO INC 5152438300 2930 BELL AVE DES MOINES IA 50321 X JERRY ELLIS PRESIDENT 0.50 X X 0 0 0 DALE DE WILD VICE PRESIDENT 0.50 X X 0 0 0 CHERIE WESTERKAMP SECRETARY 0.50 X X 0 0 0 ROBERT VAN DYKE TREASURER 5.00 X X 0 0 0 ELINOR BOGAARD DIRECTOR 0.50 X 0 0 0 KAY DE COOK DIRECTOR 0.50 X 0 0 0 IVAN MULDER DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 16664 16664 RENTAL INCOME 531110 125332 125332 125332 3937 3937 LAUNDRY & VENDING 531110 2980 2980 OTHER MISC REVENUE 531110 889 889 TENANT CHARGES 531110 87 87 3956 149889 125332 0 7893 15478 15478 11058 11058 2505 2505 9032 9032 113757 113757 70830 70830 MGMT CO EMPLOYEE CHARGE 13043 2268 10775 RESIDUAL RECEIPTS RECAP 97 97 235800 186952 48848 0 786 3056 44 3892 18070 21076 2753507 1396461 1427875 1357046 315539 322287 9779 11938 1772093 1719295 1065 31980 114 58 53702 55956 54881 87994 X 1717212 1631301 1717212 1631301 1772093 1719295 -85911 0 X X 0 1 X 1 1 1 X 45219 48003 35304 22991 16664 168181 106476 99746 101061 108931 125332 541546 151695 147749 136365 131922 141996 709727 0 0 0 709727 2892 764 695 2599 3937 10887 2892 764 695 2599 3937 10887 4195 3946 3369 28192 3956 43658 158782 152459 140429 162713 149889 764272 0.92860 0.92840 0.01420 0.01250 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2459129 1116108 1343021 107378 107378 0 187000 172975 14025 1357046 RESERVE REPLACEMENT FUND 270719 C RESIDUAL RECEIPTS 51568 C 322287 SECURITY DEPOSITS 11638 RESIDUAL RECEIPTS AVAILABLE FOR REC 44318 55956 X 149889 0 149889 0 149889 235800 0 235800 0 235800 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 FAIR HAVEN WEST, INC. IS MANAGED BY DARWIN T. LYNNER, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. DARWIN T. LYNNER, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED DARWIN T. LYNNER, INC. TO MANAGE THE FAIR HAVEN WEST APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PART XII, LINE 2C THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.