2023-12-07T17:57:24-06:00 2023-03-31 270064528 SQUIRES MADDUX & COMPANY PLLC 100 SECOND AVE S SUITE 270 EDMONDS WA 98020 990 2022-04-01 911044719 LOYAL HEIGHTS MANOR C/O COAST REAL ESTATE SERVICES INC LOYA 8003393634 2829 RUCKER AVE EVERETT WA 98201 ROBERT REETZ PRESIDENT 8003393634 2023-12-07 1 ROBERT REETZ 999009999 0 GARY A SQUIRES P00175185 4257120515 2023-12-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT REETZ 7547 24TH AVE NW SEATTLE WA 98117 1139702 0 X N/A X 1980 WA TO PROVIDE HOUSING FOR ELDERLY OR DISABILED PERSONS TO MEET THEIR PHYSICAL AND SOCIAL NEEDS. 5 5 0 5 0 0 769292 737073 229109 312157 -94659 90472 0 0 903742 1139702 0 30000 0 0 251051 248163 0 0 0 877565 940416 1128616 1218579 -224874 -78877 6957756 6752269 7601511 7474901 -643755 -722632 TO PROVIDE ELDERLY OR PERSONS OF DISABILITY ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES TO MEET THEIR PHYSICAL AND SOCIAL NEEDS AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 0 0 1168334 30000 402629 LOYAL HEIGHTS IS A NON-PROFIT WASHINGTON STATE CORPORATION INCORPORATED ON OCTOBER 4, 1978, WHICH HOLDS LEGAL TITLE TO THE PROJECT. THE PROJECT IS A 54-UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY AND PERSONS OF DISABILITY LOCATED IN SEATTLE, WASHINGTON. THE PROJECT IS OPERATED UNDER HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 AND SECTION 8. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN PROGRAM. THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. PROVIDE ASSISTANCE TO ELDERLY AND MISSIONARIES. 1168334 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 2 0 1 0 1 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 0 0 0 0 0 0 X COAST REAL ESTATE SERVICES INC 8003393634 2829 RUCKER AVE EVERETT WA 98201 X ROBERT REETZ PRESIDENT 1.00 X X 0 0 0 AMY TURNBULL SECRETARY 1.00 X X 0 0 0 LARS EGGEHORN TREASURER 1.00 X X 0 0 0 JIM BOSTAD VICE PRESIDENT 1.00 X X 0 0 0 ROGER DAHL DIRECTOR 1.00 X 0 0 0 SAMUEL BRODLAND DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 737073 737073 APARTMENT RENTALS 531110 226119 226119 COORDINATOR REVENUE 531110 86038 86038 312157 90472 90472 1139702 402629 0 0 X 30000 30000 189820 189820 39230 39230 19113 19113 50245 50245 16643 16643 14662 14662 108 108 18265 18265 409933 409933 151426 151426 UNREALIZED LOSS ON INVE 131167 131167 MAINTENANCE AND SUPPLIE 85701 85701 REALIZED LOSS ON INVEST 51559 51559 EMPLOYEE RELATIONS 5079 5079 5628 5628 1218579 1168334 50245 0 834454 191903 32628 98218 23190 23221 4622979 2931825 1842580 1691154 4224904 4747773 6957756 6752269 48155 54933 362 65 7533231 7399846 19763 20057 7601511 7474901 X -643755 -722632 -643755 -722632 6957756 6752269 -78877 0 X 0 1 X 0 0 X 745546 749416 207161 769292 737073 3208488 194841 223033 51975 229109 312157 1011115 940387 972449 259136 998401 1049230 4219603 0 0 0 4219603 91807 5909 22431 -94659 90472 115960 91807 5909 22431 -94659 90472 115960 1032194 978358 281567 903742 1139702 4335563 0.97330 0.99240 0.02670 0.00760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 294000 294000 3993697 2611340 1382357 325896 311099 14797 9386 9386 0 1691154 TENANT DEPOSITS 20057 REPLACEMENT RESERVE 255060 MORTGAGE ESCROW DEPOSITS 19369 BOARD DESIGNATED RESERVE 886141 WELLS FRGO INVESTMENTS 3567146 4747773 TENANT SECURITY DEPOSITS 20057 20057 1139702 0 1139702 0 1139702 1218579 0 1218579 0 1218579 1 PHILADELPHIA CHURCH 7704 24TH AVE NW SEATTLE WA 98117 CHURCH 10000 0 SUPPORT ORGANIZATIONS MISSION. LITTLE CHAPEL IN CORDOVA AK 905 LAKE AVE CORDOVA AK 99574 20000 0 SUPPORT ORGANIZATIONS MISSION. 2 PART I, LINE 2: APPROVED BY BOARD FORM 990, PART VI, SECTION A, LINE 3 COAST REAL ESTATE SERVICES, INC. PERFORMS ACTIVITIES RELATING TO DAY TO DAY RENTAL DUTIES. FORM 990, PART VI, SECTION A, LINE 8B ORGANIZATION IS NOT LARGE ENOUGH TO HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER AND APPROVED BY THE PRESIDENT. THE RETURN IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO BEING FILED VIA EMAIL. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE ON FILE WITH THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST FORM 990, PART IX, LINES 7 AND 10: ALTHOUGH THE ORGANIZATION HAS WAGE AND PAYROLL TAX EXPENSE, THE EMPLOYEES ARE REPORTED UNDER THE MANAGEMENT COMPANY THAT MANAGES THE DAY-TO-DAY OPERATIONS OF THE APARTMENT COMPLEX, AND ARE NOT EMPLOYEES OF THE CORPORATION. WAGES ARE BILLED TO THE CORPORATION FOR HOURS WORKED AND ARE REIMBURSED TO THE MANAGEMENT COMPANY.