2026-06-08T13:22:37-05:00 2025-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2025-01-01 473111962 PRESERVATION HOUSING TRUST PRES 6512090537 755 SELBY AVENUE SUITE A SAINT PAUL MN 55104 RICHARD HUTSELL TREASURER 6512090537 2026-05-28 1 TONYA J SHELDON P01270696 6512276695 2026-05-28 2025 2025-03-06 01:10:19Z RICHARD HUTSELL 755 SELBY AVENUE SUITE A SAINT PAUL MN 55104 1000 0 X WWW.PRESERVATIONHOUSINGTRUST.ORG X 2014 MN TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, WHILE INSTILLING RESPECT FOR RESIDENTS. 4 3 0 0 0 0 1000 1000 0 0 0 0 0 0 1000 1000 0 0 0 0 0 0 0 0 0 8349 8578 8349 8578 -7349 -7578 1110629 875659 87432 91040 1023197 784619 TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, WHILE INSTILLING RESPECT FOR RESIDENTS. 0 0 8578 TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, UNDER SECTION 221(D)(4) PURSUANT TO SECTION 223(A)(7) OF THE NATIONAL HOUSING ACT, AS WELL AS RECEIVING HOUSING ASSISTANCE PAYMENTS TO HELP RESIDENTS ON A PORTION OF THE UNITS. 8578 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X THE ORGANIZATION 6512090535 755 SELBY AVENUE SUITE A SAINT PAUL MN 55104 SHAWN HUCKELBY BOARD CHAIR 1.00 X X 0 0 0 RICHARD HUTSELL SECRETARY/TREASURER 1.00 X X 0 93415 0 HANS HAGE BOARD MEMBER 1.00 X 0 0 0 JOE GALVAN BOARD MEMBER 1.00 X 0 0 0 0 93415 0 0 0 0 0 0 1000 1000 1000 0 0 0 4250 4250 3544 3544 TAXES AND INSURANCE 496 496 ADMINISTRATIVE 254 254 LOSS ON INVESTMENT - LP 34 34 8578 8578 0 0 31412 27476 231000 0 265005 265005 140000 140000 140000 443212 443178 1110629 875659 28366 31974 59066 59066 87432 91040 X 1023197 784619 1023197 784619 1110629 875659 -7578 -231000 0 X X 0 1 X 1 0 X 30 3500 1000 1000 1000 6530 30 3500 1000 1000 1000 6530 6530 210 413 1173 1796 8326 2909077 0.78430 0.98850 X 140000 140000 140000 INVESTMENT IN LIMITED PARTNERSHIP 443178 443178 X PART X, LINE 2: INCOME TAXES THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE IOWA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE CORPORATION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. THE CORPORATION CONTROLS PARK PLACE HOUSING LLC WHICH WAS DISREGARDED FOR INCOME TAX PURPOSES THROUGH NOVEMBER 30, 2023. THE LLC WAS CONSOLIDATED IN THE CORPORATION NONPROFIT INCOME TAX RETURN FOR 2023. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION WOULD RECOGNIZE FUTURE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE CORPORATION AND ITS AFFILIATE ARE NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE RETURNS FOR THE CURRENT AND THREE PREVIOUS YEARS. RICHARD HUTSELL RICHARD IS A BOARD MEMBER AND OWNS THE COMPANY THAT LOANED THE FUNDS. OPERATIONS X 28000 59066 0 1 0 59066 FORM 990, PART VI, SECTION A, LINE 3 CONTROL OVER MANAGEMENT DUTIES WAS DELEGATED TO PREMIER HOUSING MANAGEMENT LLC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS MAILED TO EACH BOARD MEMBER FOR REVIEW AND COMMENT. THE BOARD PRESIDENT CONTACTS EACH MEMBER AND REQUESTS APPROVAL AND THE VERBAL APPROVAL IS THEN RATIFIED AT THE NEXT FULL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ON AN ANNUAL BASIS, AND THOSE DISCLOSED INTERESTS ARE MONITORED THROUGHOUT THE YEAR TO MAINTAIN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE REVIEWED UPON REQUEST AT THE MANAGER'S OFFICE, 755 SELBY AVENUE, SAINT PAUL, MINNESOTA, BETWEEN THE HOURS OF 11:00 AM AND 5:00 PM MONDAY THROUGH FRIDAY. FORM 990, PART XII LINE 23 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PARK PLACE HOUSING LLC 755 SELBY AVENUE SAINT PAUL MN 55104 814254596 AFFORDABLE HOUSING MN PRESERVATION HOUSING TRUST RELATED -26136 2693317 0 0 0.75010 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PARK PLACE HOUSING LLC D 265005