2023-06-29T17:38:28-05:00 2023-03-31 521186096 RUBINO AND COMPANY CHARTERED 1950 OLD GALLOWS RD 440 VIENNA VA 22182 990 2022-04-01 113819953 MASON HOUSING INC MASO 7035814588 4350 STAFFORDSHIRE LANE FAIRFAX VA 22030 PAUL KYLE CHAIRMAN/PRESID 7035814588 2023-06-29 1 PAUL KYLE 999009999 0 ROBERT A KOZAK CPA P01060177 7035069700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL KYLE 4350 STAFFORDSHIRE LANE FAIRFAX VA 22030 4479767 0 X N/A X 2007 VA MASON HOUSING PROVIDES AFFORDABLE MULTI-FAMILY HOUSING FOR GEORGE MASON UNIVERSITY'S FACULTY, STAFF, GRADUATE STUDENTS AND AFFILIATES, FAIRFAX COUNTY AND CITY EMPLOYEES, AND ACTIVE MEMBERS OF US MILITARY. 9 9 0 0 0 0 0 0 3876073 4387847 29589 91920 0 0 3905662 4479767 0 0 0 0 0 0 0 0 0 4384090 4599560 4384090 4599560 -478428 -119793 24839248 24275293 45397168 41373258 -20557920 -17097965 IN AN EFFORT TO ADVANCE THE MISSION OF THE UNIVERSITY, MASON HOUSING PROVIDES AFFORDABLE MULTI-FAMILY HOUSING FOR GEORGE MASON UNIVERSITY'S FACULTY, STAFF, GRADUATE STUDENTS AND AFFILIATES, FAIRFAX COUNTY AND CITY EMPLOYEES, AND ACTIVE MEMBERS OF US MILITARY. 0 0 4468138 4387847 LEASING OF RENTAL UNITS TO GMU FACULTY, STAFF, GRADUATE STUDENTS AND AFFILIATES, FAIRFAX COUNTY AND CITY EMPLOYEES AND ACTIVE MEMBERS OF US MILITARY. 4468138 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JODY WINTER 7035814588 4350 STAFFORDSHIRE LANE FAIRFAX VA 22030 X PAUL KYLE CHAIRMAN/PRESID 1.00 X X 0 0 0 JON PETERSON V- CHAIRMAN/SEC 1.00 X X 0 0 0 KATHLEEN MCKAY TREASURER 1.00 X X 0 0 0 KENNETH BALL DIRECTOR 1.00 X 0 0 0 LAURENCE BRAY DIRECTOR 1.00 X 0 0 0 THOMAS CALHOUN DIRECTOR 1.00 X 0 0 0 JUSTINE FITZGERALD DIRECTOR 1.00 X 0 0 0 SCOTT PLEIN DIRECTOR 1.00 X 0 0 0 MONICA MICHAUD DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 LINCOLN APARTMENT MANAGEMENT LP 11921 FREEDOM DRIVE SUITE 1100 RESTON VA 20190 LEASING & MANAGEMENT SERV 131838 1 RENTAL INCOME 532000 4247607 4247607 TENANT REVENUE 532000 140240 140240 4387847 91920 91920 4479767 4387847 0 91920 131838 131838 1492 1492 12440 12440 65528 65528 28305 28305 51962 51962 1908199 1908199 463877 463877 1198732 1198732 75163 75163 CONTRACT SERVICES 369193 369193 MAINTENANCE 284509 284509 UTILITIES 8322 8322 4599560 4468138 131422 0 6045926 6486620 4016 343 13482 12947 32775185 14999802 18775824 17775383 24839248 24275293 274785 514252 22000 43349 36117431 35484972 8982952 5330685 45397168 41373258 X -20557920 -17097965 -20557920 -17097965 24839248 24275293 -119793 3579748 0 X X 0 1 X 1 0 X 3809242 3933618 3500518 3876073 4387847 19507298 3809242 3933618 3500518 3876073 4387847 19507298 0 0 0 19507298 24862 63193 29175 29589 91920 238739 24862 63193 29175 29589 91920 238739 3834104 3996811 3529693 3905662 4479767 19746037 0.98790 0.99110 0.01210 0.00890 X 31288348 13944255 17344093 141648 46346 95302 1345189 1009201 335988 17775383 TENANT SECURITY DEPOSITS PAYABLE 86551 INTEREST RATE SWAP LIABILITY 5082688 ACCRUED INTEREST 161446 5330685 X 8059515 3579748 3579748 4479767 0 4479767 4599560 0 4599560 0 4599560 PART X, LINE 2: PART X, LINE 2: THE ORGANIZATION RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") AND AS SUCH IS TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED MARCH 31,2023 AND 2022, RESPECTIVELY. DUE TO ITS TAX EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR THE ORGANIZATION AND THEY HAVE NO OTHER TAX POSITIONS, WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. A FAIRFAX COUNTY ECONOMIC D 540787833 30382EDW1 2008-10-29 39760000 HOUSING DEVELOPMENT 0 0 0 A 2785000 39760000 2225000 2678703 792057 1360000 32704240 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 FORM 990, SCHEDULE K, PART IV, LINE 2C A CALCULATION WAS MADE ON OCTOBER 29, 2018, RESULTING IN NO REBATE BEING DUE FOR THE APPLICABLE COMPUTATION DATE. FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - FOUR OF THE NINE DIRECTORS OF MHI ARE APPOINTED BY THE PRESIDENT OF GEORGE MASON UNIVERSITY. THE APPOINTED DIRECTORS ARE CLASSIFIED AS CLASS A DIRECTORS. CURRENTLY THREE OF THE FOUR CLASS A DIRECTORS ARE EMPLOYEES OF GEORGE MASON UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - MHI USES A MANAGEMENT COMPANY, LINCOLN APARTMENT MANAGEMENT LIMITED PARTNERSHIP, TO OVERSEE THE MANAGEMENT OF THE PROPERTY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - FOUR OF THE NINE DIRECTORS OF MHI ARE APPOINTED BY THE PRESIDENT OF GEORGE MASON UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS CIRCULATED TO THE BOARD FOR REVIEW AND COMMENT. THE EXECUTIVE DIRECTOR REVIEWS IT AND COMPILES ANY QUESTIONS OR ITEMS WHICH REQUIRE CLARIFICATION, AND REISSUES A FINAL DRAFT TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY AND (D) UNDERSTANDS THE ORGANIZATION IS A CHARITABLE ORGANIZATION AND, IN ORDER TO MAINTAIN ITS FERDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 MASON HOUSING, INC DOES NOT HAVE ANY PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND OTHER FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 990 PART XII LINE 2C THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR