2025-04-16T14:34:16-05:00 2024-05-31 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2023-06-01 311070857 FIRST 202 HOUSING CORPORATION - XENIA SITE FIRS 9373767888 270 MOUNT VERNON DRIVE XENIA OH 45385 CAROLYN WRIGHT CHAIRPERSON 9373767888 2025-04-16 1 0 DEVESH KAMAL CPA P00201226 9373992000 2025-04-15 2023 2025-03-06 01:10:19Z CAROLYN WRIGHT 270 MOUNT VERNON DRIVE XENIA OH 45385 694270 0 X N/A X 1983 OH THE PROJECT IS ORGANIZED UNDER SECTION 202 OF THE HOUSING ACT OF 1959 TO PROVIDE AFFORDABLE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED. 2 2 0 2 0 0 403042 401582 223660 236479 2542 6743 59558 49466 688802 694270 0 0 0 0 0 0 0 0 0 795790 672530 795790 672530 -106988 21740 1971143 1914573 2236239 2157929 -265096 -243356 TO PROVIDE AFFORDABLE LOW-INCOME HOUSING TO THE ELDERLY AND DISABLED IN XENIA, OHIO. 0 0 496318 285945 PROVIDED AN AFFORDABLE AND SAFE LOW-INCOME HOUSING OPTION TO THE ELDERLY AND DISABLED LOCATED IN XENIA, OH. THE APARTMENT COMPLEX PROVIDES 65 UNITS AVAILABLE FOR RENT FOR QUALIFIED INDIVIDUALS USING A HUD APPROVED AFFIRMATIVE FAIR HOUSING MARKETING PLAN. 496318 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X WALLICK PROPERTIES MIDWEST LLC 6148634640 P O BOX 1023 COLUMBUS OH 43216 X CAROLYN E WRIGHT CHAIRPERSON 1.00 X X 0 0 0 WALT MCNEIL TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 401582 401582 ELDERLY APTS RENTS, NE 532000 236479 236479 236479 6743 6743 TENANT CHARGES 532000 47115 47115 LAUNDRY AND VENDING 532000 1584 1584 OTHER REVENUE 532000 767 767 49466 694270 285945 0 6743 32807 32807 14314 14314 1367 1367 32121 4210 27911 103605 103605 61122 61122 122815 122815 39327 39327 PAYROLL REIMB TO MGMT C 125048 30434 94614 EMPLOYEE BENEFITS REIMB 40806 40806 BUILDING OPERATING AND 39860 39860 CONTRACTS 34952 34952 24386 19187 5199 672530 496318 176212 0 1170 290 15590 10918 6532 6960 3476243 2711542 876329 764701 55780 44593 1015742 1087111 1971143 1914573 107208 98057 1526 3244 63517 64028 2034957 1962433 11700 11700 17331 18467 2236239 2157929 X -832490 -784763 567394 541407 -265096 -243356 1971143 1914573 21740 0 X X 0 1 X 0 1 1 X 320860 400987 413984 403042 401582 1940455 260076 211118 201157 223660 236479 1132490 580936 612105 615141 626702 638061 3072945 0 0 0 3072945 2014 895 700 2542 6743 12894 2014 895 700 2542 6743 12894 13900 19762 38710 59558 49466 181396 596850 632762 654551 688802 694270 3267235 0.94050 0.95370 0.00390 0.00240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 81329 81329 1753761 1516493 237268 1313629 998085 315544 327524 196964 130560 764701 RESTRICTED DEPOSITS 1068680 TENANT SECURITY DEPOSITS 18431 1087111 TENANT SECURITY DEPOSITS HELD IN TRUST 18467 18467 X 694270 0 694270 0 694270 672530 0 672530 0 672530 PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT'S REPORTING RETURNS ARE SUBJECT TO AUDIT BY FEDERAL AND STATE TAXING AUTHORITIES. NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS AS THE PROJECT HAS DETERMINED IT DOES NOT HAVE UNRELATED BUSINESS INCOME SUBJECT TO TAXATION. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS CONTRACTED WITH AN INDEPENDENT MANAGEMENT AGENT APPROVED BY HUD TO MANAGE THE DAY-TO-DAY OPERATTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PROVIDED TO THE BOARD CHAIR FOR APPROVAL BEFORE THE RETURN IS SUBMITTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE ENTITY ARE AVAILABLE UPON REQUEST OF THE ORGANIZATION. FORM 990, PART XII, LINE 2C: THE MANAGEMENT COMPANY THAT OVERSEES THE MANAGEMENT OF THE APARTMENT COMPLEX ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS REPRESENTS NO CHANGE FROM THE PROCEDURES USED FOR THE APPROVAL PROCESS FROM THE PRIOR YEAR AUDIT.