2023-07-14T11:00:04-05:00 2022-12-31 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2022-01-01 742354546 WMCH DEVELOPMENT CORPORATION WMCH 6029970013 2330 WEST MISSION LANE 10 PHOENIX AZ 85021 MARY NEDROW PRESIDENT 6029970013 2023-06-27 1 MARY NEDROW 999009999 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2023-06-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY NEDROW 2330 WEST MISSION LANE 10 PHOENIX AZ 85021 333201 0 X N/A X 1984 AZ TO PROVIDE HOUSING AND SUPPORT SERVICES FOR ELDERLY AND HANDICAPPED PERSONS. 7 7 0 7 0 0 0 0 327706 333188 4741 -598 0 0 332447 332590 0 0 0 0 85433 94624 0 0 0 216503 222382 301936 317006 30511 15584 263264 218702 472467 412321 -209203 -193619 X TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR HEALTH, SECURITY, AND SOCIAL NEEDS. 0 0 265898 333188 THIS ORGANIZATION PROVIDED HOUSING TO ELDERLY AND PERSONS WITH DISABILITIES THROUGH THE OPERATION OF A 32-UNIT MULTIFAMILY HOUSING COMPLEX IN SPRINGERVILLE, ARIZONA. IN 2022, THIS ORGANIZATION PROVIDED DECENT, SAFE, SANITARY AND AFFORDABLE HOUSING TO 40 RESIDENTS: 15% BETWEEN THE AGES 18-61 (NON-ELDERLY PEOPLE WITH DISABILITIES), 78% BETWEEN THE AGES 62-81, AND 3% BETWEEN THE AGES 82-93.IN 2022, THIS COMMUNITY SLOWLY RESUMED REGULAR ACTIVITIES AFTER THE COVID-19 PANDEMIC AND HAD LIMITED SOCIAL ACTIVITIES AND COMMUNITY EVENTS. THE SPRINGERVILLE/EAGER CHAMBER OF COMMERCE PROVIDED SEVERAL ONSITE HOLIDAY CELEBRATIONS FOR THE RESIDENTS. ST MARY'S FOOD BANK DELIVERED FOOD BOXES TO RESIDENTS EACH MONTH AND RESIDENTS RECEIVED COMMODITIES EVERY TUESDAY. MANY OF THE RESIDENTS (CONT'D ON SCH O) RECEIVED SERVICES AND CASE MANAGEMENT THROUGH NACOG (NORTHERN ARIZONA COUNCIL OF GOVERNMENTS) AND THE ROUND VALLEY SENIOR CENTER. RESIDENTS ALSO ATTENDED ACTIVITIES, SUCH AS BINGO, AT THE SENIOR CENTER. 265898 1 0 0 0 0 0 0 0 1 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 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X NANCY BILLS 6029970013 2330 W MISSION LANE 10 PHOENIX AZ 85021 X MARY NEDROW PRESIDENT 0.75 X X 0 0 0 RICHARD AYRES VICE PRESIDENT 0.75 X X 0 0 0 JOHN FREDERICKSEN TREASURER 0.75 X X 0 0 0 TIM RASMUSSEN SECRETARY 0.75 X X 0 0 0 STEVEN M HOPKINS DIRECTOR 0.75 X 0 0 0 PAUL DRAKE DIRECTOR 0.75 X 0 0 0 JIM BROWN DIRECTOR 0.75 X 0 0 0 0 0 0 0 0 0 0 0 NET RENTAL INCOME 623990 327977 327977 LAUNDRY 812300 3400 3400 DAMAGES/CLEANING FEES 623990 1811 1811 333188 13 13 611 -611 -611 -611 332590 333188 0 -598 69685 65479 4206 17915 16834 1081 7024 6600 424 15360 15360 691 691 15081 15081 6088 6088 10168 10168 1774 1774 49798 49798 1648 1648 465 465 33173 33173 28365 28365 7949 7949 REPAIRS AND MAINTENANCE 41226 41226 LICENSES AND FEES 10386 10386 BAD DEBTS 210 210 317006 265898 51108 0 14391 4445 279 861 3461 4400 1164509 1041082 152401 123427 92732 85569 263264 218702 26510 23522 158 248 389645 331565 56154 56986 472467 412321 X -209203 -193619 -209203 -193619 263264 218702 15584 0 X 0 1 X 0 0 X 298466 316730 320381 327706 333188 1596471 298466 316730 320381 327706 333188 1596471 0 100237 83656 91387 130557 104367 510204 100237 83656 91387 130557 104367 510204 1086267 22 26 14 11 13 86 22 26 14 11 13 86 298488 316756 320395 327717 333201 1596557 0.68040 0.68700 0.00010 0.00010 X 0 1 X 15082 15082 1002654 900674 101980 112062 105697 6365 34711 34711 0 123427 ESCROW DEPOSITS 5112 REPLACEMENT RESERVE 60875 TENANT DEPOSITS HELD IN TRUST 12804 RESIDUAL RECEIPTS 6778 85569 TENANT SECURITY DEPOSITS 10649 ADVANCES FROM WMCD DEVELOPMENT CORP 46337 56986 X 333201 0 333201 -611 -611 332590 317617 611 611 317006 0 317006 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT DEPOSITS HELD IN TRUST. THE AMOUNTS HELD FOR RESIDENTS ARE REPORTED ON FORM 990, PART X, LINES 15 AND 21. PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -611. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 611. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF THE ORGANIZATION HAS AGREED THAT ALL MANAGEMENT SERVICES AND OVERSIGHT OF THE ORGANIZATION SHALL BE DONE BY BILTMORE PROPERTIES, INC. BILTMORE PROPERTIES, INC. HAS AGREED TO MANAGE ALL RENTAL OPERATIONS FOR A SPECIFIC FEE PER MONTH. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO BILTMORE PROPERTIES FOR THE INITIAL REVIEW. THE RETURN WILL THEN BE REVIEWED BY THE PRESIDENT AND ONCE THE FORM 990 IS IN FINAL DRAFT, A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. IF A CONFLICT OF INTEREST DOES ARISE, THE CONFLICT WOULD BE REVIEWED BY THE BOARD AND CONSIDERED FOR A DECISION. IF A CONFLICT OF INTEREST ARISES FOR A BOARD MEMBER, THE BOARD MEMBER MUST REFRAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 AS THE ORGANIZATION DOES NOT HAVE A TOP MANAGEMENT OFFICIAL AND DOES NOT COMPENSATE INDIVIDUALS SERVING AS OFFICERS, THE BOARD DOES NOT HAVE A PROCESS FOR APPROVING COMPENSATION. THE BOARD DOES HAVE A PROCESS FOR ENGAGING A MANAGEMENT COMPANY TO OVERSEE THE OPERATIONS OF THE PROPERTY. THIS PROCESS INCLUDES EVALUATION AND APPROVAL OF A MANAGEMENT COMPANY THAT WILL MEET THE NEEDS OF THE ORGANIZATION. THE BOARD REVIEWS AND APPROVES THE RATES TO BE PAID TO THE MANAGEMENT COMPANY AND THE TIME PERIOD OF THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART V, LINE 2A EMPLOYEES ARE EMPLOYED BY AN OUTSIDE AGENCY. NO FEDERAL OR STATE PAYROLL REPORTING IS DONE BY THE ORGANIZATION.