2023-11-13T10:26:06-06:00 2022-12-31 420714325 RSM US LLP 400 LOCUST ST STE 640 DES MOINES IA 503092354 990 2022-01-01 204700881 EASTWOOD OF AMES INC EAST 7122625640 328 GRAND AVE SPENCER IA 51301 MARK VREEMAN CHIEF FINANCIAL OFFICER 7122625640 2023-11-12 1 MARK VREEMAN XXX-XX-XXXX 1 KATHY FAIRCHILD P00222608 5155586600 2023-11-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAMANTHA ERICKSON 328 GRAND AVE SPENCER IA 51301 4114072 0 X N/A X 2006 IA PROVIDE DECENT, SAFE & AFFORDABLE HOUSING FOR LOW-INCOME & VERY LOW-INCOME INDIVIDUALS. 8 8 0 8 0 0 0 0 3081940 4105475 228320 8597 0 0 3310260 4114072 0 0 0 0 0 0 0 0 0 3661699 3383296 3661699 3383296 -351439 730776 21177734 20015849 15246352 13721185 5931382 6294664 EASTWOOD OF AMES, INC.'S OBJECTIVE IS TO PROVIDE DECENT, SAFE & AFFORDABLE HOUSING FOR LOW-INCOME & VERY LOW-INCOME INDIVIDUALS. 0 0 3383296 4105475 HOUSING:PROVIDE DECENT, SAFE & AFFORDABLE HOUSING FOR LOW-INCOME & VERY LOW-INCOME INDIVIDUALS. 3383296 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 X MARK VREEMAN 7122625640 328 GRAND AVENUE SPENCER IA 51301 SAMANTHA ERICKSON CHIEF OPERATING OFFICER 2.50 42.50 X 0 198994 26074 MARK VREEMAN CHIEF FINANCIAL OFFICER 2.50 42.50 X 0 137050 27142 DAVID BRIDGEWATER BOARD CHAIR 1.00 2.00 X X 0 0 0 TIM SHANAHAN BOARD VICE CHAIR 1.00 2.00 X X 0 0 0 JOHN ZULK BOARD TREASURER 1.00 2.00 X X 0 0 0 EMILY ZIMMON SECRETARY 1.00 2.00 X 0 0 0 ABBIE GAFFEY DIRECTOR 1.00 2.00 X 0 0 0 OMAR PADILLA DIRECTOR 1.00 2.00 X 0 0 0 PENNY CLAYTON DIRECTOR 1.00 2.00 X 0 0 0 DENISE FULLER DIRECTOR 1.00 2.00 X 0 0 0 LAUREN WHITE DIRECTOR 1.00 2.00 X 0 0 0 0 336044 53216 0 0 1 0 0 RENTAL INCOME 531110 2551049 2551049 FORGIVENESS OF DEBT 900099 1466594 1466594 87832 87832 4105475 8597 8597 4114072 4105475 0 8597 281587 281587 9565 9565 12690 12690 10925 10925 291 291 49253 49253 29512 29512 1925035 1925035 9545 9545 231817 231817 797393 797393 25683 25683 3383296 3383296 0 0 50 50 2284311 2479357 419 8744 62687 70558 20815870 3409013 18779981 17406857 50286 50283 21177734 20015849 2780111 4011060 18372 69495 10979397 9465970 1468472 174660 15246352 13721185 X 5931382 6294664 5931382 6294664 21177734 20015849 X 730776 -367494 X 0 1 X 1 0 X 2095210 1740503 2313614 3081940 4105475 13336742 2095210 1740503 2313614 3081940 4105475 13336742 0 0 0 13336742 6480 10143 6209 3320 8597 34749 6480 10143 6209 3320 8597 34749 2101690 1750646 2319823 3085260 4114072 13371491 0.99740 0.99700 0.00260 0.00300 X 1384957 1384957 19315564 3369620 15945944 110079 34123 75956 5270 5270 0 17406857 TENANT SECURITY DEPOSITS 174660 174660 X 4715860 601788 601788 4114072 0 4114072 4352578 969282 969282 3383296 0 3383296 PART X, LINE 2: THE ORGANIZATIONS ARE REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION, IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATIONS HAVE DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ACQUISITION OF PARTNERSHIPS 601,788. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PARTNERSHIP 969,282. 1 0 0 0 0 0 0 0 0 SAMANTHA ERICKSON CHIEF OPERATING OFFICER 0 178969 0 20000 0 25 0 16662 0 9412 0 225068 0 0 MARK VREEMAN CHIEF FINANCIAL OFFICER 0 130594 0 6431 0 25 0 12650 0 14492 0 164192 0 0 FORM 990, PART VI, SECTION A, LINE 6 EASTWOOD OF AMES, INC. HAS ONE CLASS OF MEMBERS. ANY PERSON ELECTED AS A MEMBER OF THE BOARD OF DIRECTORS OF COMMUNITY HOUSING INITIATIVES, INC., SHALL BY VIRTUE OF THAT ELECTION, AND WITHOUT OTHER QUALIFICATION, ALSO BE A MEMBER OF EASTWOOD OF AMES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT ALL DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS FORWARDED TO THE FINANCE COMMITTEE FOR REVIEW AND DISCUSSION/COMMENT. THE FORM 990 IS THEN BROUGHT BEFORE THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS THROUGH REGULAR REVIEW OF VENDOR LISTS AND CASH DISBURSEMENT INTERNAL CONTROLS. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS. IF A CONFLICT ARISES, THE CONFLICT IS BROUGHT TO THE ATTENTION OF THE PRESIDENT AND THEN THE BOARD OF DIRECTORS IF MATERIAL, THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL, AND IN THE PRESENCE OF AN EXISTING MATERIAL CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION, THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF PARTNERSHIPS -367,494. COMMUNITY HOUSING INITIATIVES INC 328 GRAND AVENUE SPENCER IA 51301 421416426 AFFORDABLE HOUSING IA 501(C)(3) LINE 10 N/A 0 DAVENPORT MANOR INC 328 GRAND AVENUE SPENCER IA 51301 421553567 AFFORDABLE HOUSING IA 501(C)(3) LINE 10 N/A 0 UPPER DES MOINES OPPORTUNITY INC 101 ROBINS STREET PO BOX 519 GRAETTINGER IA 51342 420923424 ALLEVIATE CONDITIONS & CAUSES OF POVERTY IA 501(C)(3) LINE 7 N/A 0 125 9TH STREET LLLP PO BOX 473 SPENCER IA 51301 272092627 AFFORDABLE HOUSING IA N/A 0 0 821 JACKSON LLLP 520 NEBRASKA STREET SUITE 233 SIOUX CITY IA 51101 263580347 AFFORDABLE HOUSING IA N/A 0 0 ADEL ASSISTED LIVING LP PO BOX 473 SPENCER IA 51301 200326338 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 8558 1699416 0 0 0.99990 ARMSTRONG APARTMENTS LP PO BOX 473 SPENCER IA 51301 201845750 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 860206 1004499 0 0 0.99990 CALL TERMINAL LP 328 GRAND AVENUE SPENCER IA 51301 421478841 AFFORDABLE HOUSING IA N/A 0 0 CAPITOL CITY DUPLEXES LLLP PO BOX 473 SPENCER IA 51301 274944919 AFFORDABLE HOUSING IA N/A 0 0 CENTURY PLAZA LP 328 GRAND AVENUE SPENCER IA 51301 391908005 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -74360 357659 0 0 0.99990 CHI AMES LLLP PO BOX 473 SPENCER IA 51301 263573237 AFFORDABLE HOUSING IA N/A 0 0 CHI MILFORD LLLP PO BOX 473 SPENCER IA 51301 320394563 AFFORDABLE HOUSING IA N/A 0 0 CHI SHELDON LLLP 1200 VALLEY WEST DRIVE SUITE 108 WEST DES MOINES IA 50266 454758461 AFFORDABLE HOUSING IA N/A 0 0 CHI SIOUX CITY LLLP PO BOX 473 SPENCER IA 51301 454303618 AFFORDABLE HOUSING IA N/A 0 0 CLINTON BLOCK LP PO BOX 473 SPENCER IA 51301 200326368 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 523695 955728 0 0 0.99990 COMMUNITY HOMES LP PO BOX 473 SPENCER IA 51301 205859839 AFFORDABLE HOUSING IA N/A 0 0 COURT VIEW LP 328 GRAND AVENUE SPENCER IA 51301 421463052 AFFORDABLE HOUSING IA N/A 0 0 CRESTVIEW TERRACE LLLP PO BOX 473 SPENCER IA 51301 261232468 AFFORDABLE HOUSING IA N/A 0 0 GRAETTINGER HOUSING ASSOCIATES LP 14 WEST 21ST STREET SUITE 3 SPENCER IA 51301 421440724 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -485 93676 0 0 0.99990 GRANT TERRACE LLLP PO BOX 473 SPENCER IA 51301 203773650 AFFORDABLE HOUSING IA N/A 0 0 HAMILTON KNOLLS LP PO BOX 473 SPENCER IA 51301 200326293 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -14340 839717 0 0 0.99990 HARTLEY HOUSING ASSOCIATES LP 328 GRAND AVENUE SPENCER IA 51301 421462160 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -19602 492977 0 0 0.99990 HOME TO STAY LP PO BOX 473 SPENCER IA 51301 203746904 AFFORDABLE HOUSING IA N/A 0 0 IHC FOREST CITY LP I 328 GRAND AVENUE SPENCER IA 51301 421479013 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -14385 486955 0 0 0.99990 IHC LP I 328 GRAND AVENUE SPENCER IA 51301 421388550 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -26547 540223 0 0 0.99990 IVY APARTMENTS LP 328 GRAND AVENUE SPENCER IA 51301 421479051 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 8008 344844 0 0 0.99990 LAKEWOOD COURT LP 328 GRAND AVENUE SPENCER IA 51301 391908006 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -7372 300236 0 0 0.99990 LINCOLN TERRACE LP PO BOX 473 SPENCER IA 51301 201845755 AFFORDABLE HOUSING IA N/A 0 0 MAPLECREST APARTMENTS LP 328 GRAND AVENUE SPENCER IA 51301 391907977 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -453 478338 0 0 0.99990 MARSH PLACE LP 328 GRAND AVENUE SPENCER IA 51301 391910545 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -89175 1551790 0 0 0.99990 NORTHWOOD COURT LP 328 GRAND AVENUE SPENCER IA 51301 421462829 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -7320 606410 0 0 0.99990 OLD SPENCER SCHOOL LLLP PO BOX 473 SPENCER IA 51301 261232442 AFFORDABLE HOUSING IA N/A 0 0 PRAIRIE TOWNHOMES LP PO BOX 473 SPENCER IA 51301 721539343 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -42645 1057590 0 0 0.99990 QUARTON PLACE 2 LP PO BOX 473 SPENCER IA 51301 770612682 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -69301 1357829 0 0 0.99990 REMCARES TOWNHOMES LP PO BOX 473 SPENCER IA 51301 721539347 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -690 1138785 0 0 0.99990 RIVER CITY LP PO BOX 473 SPENCER IA 51301 421527377 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -94139 2774827 0 0 0.99990 SALISBURY COURT LP PO BOX 473 SPENCER IA 51301 201845760 AFFORDABLE HOUSING IA N/A 0 0 SIBLEY ONE LP 328 GRAND AVENUE SPENCER IA 51301 421416428 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -8363 341513 0 0 0.99000 SILVER LAKE APARTMENTS LP 328 GRAND AVENUE SPENCER IA 51301 421434308 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 8902 267038 0 0 0.99000 SOUTHERN POINTE LLLP 328 GRAND AVENUE SPENCER IA 51301 472315878 AFFORDABLE HOUSING IA N/A 0 0 SUGAR CREEK BEND LLLP PO BOX 473 SPENCER IA 51301 270529358 AFFORDABLE HOUSING IA N/A 0 0 SUMMERFIELD PARK LP PO BOX 473 SPENCER IA 51301 421507928 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -4006 577621 0 0 0.99990 SUNSET SPENCER LLLP 328 GRAND AVENUE SPENCER IA 51301 300956312 AFFORDABLE HOUSING IA N/A 0 0 THE ANTLERS LP PO BOX 473 SPENCER IA 51301 201888027 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 539 830928 0 0 0.99990 THORNBURY WAY LP PO BOX 473 SPENCER IA 51301 421527248 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -40015 1413223 0 0 0.99990 VAN ALLEN LP PO BOX 473 SPENCER IA 51301 421507169 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED 339328 2421388 0 0 0.99990 WASHINGTON COURT LP 900 JACKSON STREET SUITE LL2 DUBUQUE IA 52001 201845756 AFFORDABLE HOUSING IA N/A 0 0 WEST HEIGHTS TOWNHOMES LLLP PO BOX 473 SPENCER IA 51301 274945254 AFFORDABLE HOUSING IA N/A 0 0 WOODBURY PARK LP 328 GRAND AVENUE SPENCER IA 51301 391908010 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -11482 331076 0 0 0.99990 WOODBURY RIDGE LP PO BOX 473 SPENCER IA 51301 421507946 AFFORDABLE HOUSING IA COMMUNITY HOUSING INITIATIVES INC RELATED -9950 466210 0 0 0.99990 CHI NORTH BAY LLLP 328 GRAND AVENUE SPENCER IA 51301 320545996 AFFORDABLE HOUSING IA N/A 0 0 CHI PENN OAKS LLLP 328 GRAND AVENUE SPENCER IA 51301 352608073 AFFORDABLE HOUSING IA N/A 0 0 SPENCER MANOR LLLP 328 GRAND AVENUE SPENCER IA 51301 301136838 AFFORDABLE HOUSING IA N/A 0 0 CHI EASTWOOD INC PO BOX 473 SPENCER IA 51301 271563813 AFFORDABLE HOUSING IA N/A C 0 CHI GP INC PO BOX 473 SPENCER IA 51301 261581105 AFFORDABLE HOUSING IA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III - IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP EASTWOOD OF AMES , INC. HAS A LIMITED PARTNER INTEREST IN SIBLEY ONE LP, GRAETTINGER HOUSING ASSOCIATES LP, SILVER LAKE APARTMENTS LP, MAPLECREST APARTMENTS LP, HARTLEY HOUSING ASSOCIATES LP, LAKEWOOD COURT LP, NORTHWOOD COURT LP, WOODBURY PARK LP, IHC LP I, CENTURY PLAZA LP, MARSH PLACE LP, IVY APARTMENTS LP, IHC FOREST CITY LP I, WOODBURY RIDGE LP, SUMMERFIELD PARK LP, THE ANTLERS, LP, RIVER CITY APARTMENTS LP, THORNBURY WAY LP, PRAIRIE TOWNHOMES LP, QUARTON PLACE 2 LP, CLINTON BLOCK LP, HAMILTON KNOLLS LP, ADEL ASSISTED LIVING LP, REMCARES TOWNHOMES LP, ARMSTRONG APARTMENTS LP, VAN ALLEN LP. COMMUNITY HOUSING INITIATIVES INC OWNS A GENERAL PARTNERSHIP INTEREST IN THE PARTNERSHIPS LISTED ABOVE.