2023-10-18T11:12:49-05:00 2022-12-31 943108253 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 990 2022-01-01 341885473 WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY INC WEST 2162713010 8120 KINSMAN ROAD CLEVELAND OH 44104 JEFFERY K PATTERSON VICE PRESIDENT 2162713010 2023-10-18 1 JEFFERY PATTERSON 888008888 0 RENEE BEAVER P00167058 2162989000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFERY K PATTERSON 8120 KINSMAN ROAD CLEVELAND OH 44104 21555573 0 X N/A X 1998 OH THE FORMATION OF THE COMPANY IS FOR THE AID IN PLANNING, UNDERTAKING, CONSTRUCTION AND OPERATION OF HOUSING PROJECTS WITHIN CUYAHOGA COUNTY, OHIO. 5 0 0 0 0 0 0 0 16400847 11370245 4928 112293 1302734 10073035 17708509 21555573 0 0 0 0 2196056 2082545 0 0 0 7931784 6628111 10127840 8710656 7580669 12844917 81496475 75809968 25963306 17236817 55533169 58573151 THE FORMATION OF THE COMPANY IS FOR THE AID IN PLANNING, UNDERTAKING, CONSTRUCTION AND OPERATION OF HOUSING PROJECTS WITHIN CUYAHOGA COUNTY, OHIO. IT WAS FORMED TO DEVELOP LOW AND MODERATE INCOME HOUSING IN TARGET NEIGHBORHOODS IN CUYAHOGA COUNTY. 0 0 7915025 21422485 TO DEVELOP LOW AND MODERATE INCOME HOUSING IN TARGET NEIGHBORHOODS IN CUYAHOGA COUNTY. 7915025 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 OH X X CUYAHOGA METROPOLITAN HOUSING AUTHORITY 2164325455 8120 KINSMAN ROAD CLEVELAND OH 44104 SHARHONDA GREER TRUSTEE 2.00 38.00 X 0 126536 24915 STEPHANIE POPE-EARLEY PRESIDENT 0.00 X 0 0 0 JEFFERY K PATTERSON VICE PRESIDENT 10.00 30.00 X 0 287725 46073 JEFFERY WADE TREASURER 4.00 36.00 X 0 184310 53270 RACHEL LOEWY SECRETARY 8.00 32.00 X 0 121688 26046 MATTHEW SCHMIDT SECRETARY 8.00 32.00 X 0 111917 24273 0 832176 174577 0 0 1 0 0 HUD PHA OPERATING GRANTS 532000 4656759 4656759 DEVELOPER FEE INCOME 532000 4404492 4404492 NET RENTAL REVENUE 532000 2308994 2308994 11370245 112293 112293 FORGIVENESS OF DEBT 532000 8985799 8985799 OTHER REVENUE 532000 1087236 1087236 10073035 21555573 21443280 0 112293 1722897 1372593 350304 128828 128828 230820 230820 330290 330290 34407 6420 27987 85633 15976 69657 420788 78509 342279 203967 203967 431723 431723 601664 597507 4157 202884 201637 1247 TAX PASSTHROUGH LOSSES 1332861 1332861 REPAIRS AND MAINTENANCE 1327836 1327836 UTILITIES 1250382 1250382 PROTECTIVE SERVICES 237589 237589 168087 168087 8710656 7915025 795631 0 11014829 16971362 21315183 20652196 11283396 13578553 6422 138588 142700 25809752 13801657 23057055 12008095 12384911 11782660 2302513 667980 81496475 75809968 1403189 2188612 8985799 15941 15256009 14905749 318309 126515 25963306 17236817 X 55533169 58423151 150000 55533169 58573151 81496475 75809968 X 12844917 -9804935 X X 0 1 X 1 0 X 4108542 4252930 4236895 4272129 4656759 21527255 4108542 4252930 4236895 4272129 4656759 21527255 21527255 7740909 9568659 9616498 12133646 6825779 45885491 645228 825717 1068469 1302855 10073035 13915304 81328050 0.26470 0.29980 X PART II, SECTION C, LINE 17A FACTS AND CIRCUMSTANCES TEST: WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY, INC. IS A NONPROFIT ORGANIZATION UNDER IRS SECTION 501(C)(3). IN EVERY YEAR OF STANDARD OPERATIONS, THE ORGANIZATION RECEIVES MORE THAN 33.33 PERCENT OF ITS SUPPORT FROM GOVERNMENTAL AGENCIES. HOWEVER, THE ORGANIZATION'S DEBT WAS FORGIVEN DURING 2022, WHICH HAS SKEWED THE CUMULATIVE PERCENTAGE. ADDITIONALLY, THE ORGANIZATION EARNED A SIGNIFICANT DEVELOPER FEE IN 2021, WHICH HAS SKEWED THE CUMULATIVE PERCENTAGE. THE ORGANIZATION MEETS THE FACTS AND CIRCUMSTANCES TEST IN THAT ITS REVENUE IN ALL YEARS BESIDES 2022 AND 2021 (INCLUDING PROJECTED REVENUE FOR 2023) EXCEEDS THE 33.33 PERCENT THRESHOLD. TO THAT END, THE ORGANIZATION CONTINUES TO FILE AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3). 24353154 12418932 11934222 329254 263747 65507 1127344 1118978 8366 12008095 RIVERSIDE PARK HOMES, INC 10220813 C WRRMC INTERGENERATIONAL HOUSING, INC. 742599 C MILES POINTE GP, INC. 106100 C BOHN TOWER GP, INC. 225276 C GARDEN VALLEY REDEVELOPMENT, LLC -751176 C CLEVELAND EAST, LLC 523924 C CARVER PARK PHASE I GP, LLC -4295 C CARVER PARK PHASE II GP, LLC -2640 C RIVERSIDE PARK PHASE II GP, LLC -3905 C RIVESIDE PARK PHASE III, LP -4677 C WADE PARK GP, LLC 266 C CARVER PARK PHASE III GP, LLC 47 C CEDAR REDEVELOPMENT, LLC 730328 C 11782660 TENANT SECURITY DEPOSITS PAYABLE 126515 126515 21555573 0 21555573 0 21555573 7377795 0 7377795 1332861 1332861 8710656 PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX PASSTHROUGH LOSSES 1,332,861. 0 0 0 0 0 0 0 0 0 JEFFERY K PATTERSON VICE PRESIDENT 0 287725 0 0 0 0 0 0 0 0 0 287725 0 0 JEFFERY WADE TREASURER 0 184310 0 0 0 0 0 0 0 0 0 184310 0 0 FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF THE BOARD OF TRUSTEES THAT PRIOR TO THE SUBMISSION OF THE ANNUAL FORM 990 TO THE INTERNAL REVENUE SERVICE, A COPY IS PROVIDED TO EACH TRUSTEE FOR HIS OR HER REVIEW. QUESTIONS AND COMMENTS CONCERNING THE FORM 990 SHOULD BE ADDRESSED TO THE PRESIDENT. THE PRESIDENT WILL HAVE NECESSARY REVISIONS, IF ANY, MADE TO FORM 990 BASED ON THE BOARD OF TRUSTEES INPUT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DISTRIBUTIONS -10,535,545. CAPITAL CONTRIBUTIONS TO CEDAR REDEVELOPMENT, LLC 730,610. FORM 990 PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAVE BEEN NO CHANGES IN THIS PROCESS IN THE TAX YEAR. 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