2024-08-15T16:26:53-05:00 2023-09-30 310800053 CLARK SCHAEFER HACKETT & CO 10100 INNOVATION DRIVE DAYTON OH 45342 990 2022-10-01 311244736 HOMESTART INC HOME 9372256328 130 W 2ND STREET 1420 DAYTON OH 45402 STEPHEN NAAS PRESIDENT 9372256328 2024-08-15 1 1 ANNAMARIE B REILLY P00431897 9372260070 2024-08-15 2022 2024-08-08 14:25:15Z STEPHEN NAAS 130 W 2ND STREET 1420 DAYTON OH 45402 432052 0 X WWW.THEHOUSINGSOURCE.ORG X 1988 OH IMPROVE THE QUALITY OF LIFE FOR MONTGOMERY COUNTY RESIDENTS THROUGH IMPROVED HOUSING OPPORTUNITIES. 18 18 0 21 0 0 0 0 327072 298068 181121 66728 0 0 508193 364796 0 0 0 0 0 0 0 0 2756 577775 555717 577775 555717 -69582 -190921 10754317 10582007 4420489 4436555 6333828 6145452 X THE MISSION OF HOMESTART, INC. IS TO IMPROVE THE QUALITY OF LIFE FOR LOW- AND MODERATE-INCOME RESIDENTS OF MONTGOMERY COUNTY BY PROVIDING SAFE, AFFORDABLE HOUSING OPPORTUNITIES. 0 0 448224 284578 HOMESTART, INC. SERVES AS AN OWNER IN LEASE PURCHASE AND RENTAL PROPERTIES AVAILABLE TO LOW- AND MODERATE-INCOME FAMILIES. THE ORGANIZATION SERVES SPECIAL POPULATIONS SUCH AS DISABLED VETERANS, THE HOMELESS, THOSE RECOVERING FROM ADDICTION, AND THOSE CHALLENGED WITH ACCESSIBILITY NEEDS. HOUSING OPPORTUNITIES PROVIDED INCLUDE PERMANENT SUPPORTIVE HOUSING, FULLY ACCESSIBLE HOUSING, AND LONG-TERM LEASE PURCHASE. A TOTAL OF 30 HOUSING UNITS ARE OWNED. 41371 58394 O HOMESTART, INC. SERVES AS GENERAL PARTNER OR LENDER IN SEVERAL DEVELOPMENTS OF AFFORDABLE HOUSING. THE HOUSING DEVELOPMENTS INCLUDE NEW CONSTRUCTION, LONG-TERM LEASE PURCHASE, PRESERVATION OF EXISTING AFFORDABLE UNITS, AND PERMANENT SUPPORTIVE HOUSING. HOMESTART, INC. IS A CO-GENERAL PARTNER IN LISCUM AND FISKE LIMITED PARTNERSHIP. HOMESTART, INC. OWNS ALMOND-HOMESTART, INC. TO SERVE AS THE CO-GENERAL PARTNER IN ALMOND VILLAGE L.P., DVC II-HOMESTART, INC. TO SERVE AS THE MANAGING MEMBER IN DAYTON VIEW COMMONS II, LLC., MARTINDALE-HOMESTART, INC. TO SERVE AS THE MANAGING MEMBER IN MEADOWS OF MARTINDALE UNION, LLC, AND WHITMORE ARMS, INC. TO SERVE AS THE MANAGING MEMBER IN WHITMORE ARMS ASSOCIATES, LLC. THE ORGANIZATION IS A SHAREHOLDER IN RIVER-HOMESTART, INC., WHICH OWNS A GENERAL PARTNERSHIP INTEREST IN RIVER COMMONS II, LLC, AND A SHAREHOLDER IN FT. MCKINLEY-HOMESTART, INC., WHICH OWNS A GENERAL PARTNERSHIP INTEREST IN FT. MCKINLEY HOMES, LLC. HOMESTART IS THE MANAGING MEMBER IN FT. MCKINLEY HOMES, LLC. THE REVENUE REPRESENTS DEVELOPER FEES AND INTEREST INCOME ON LOANS AND THE EXPENSE REPRESENTS INTEREST RELATED TO THE ALMOND VILLAGE, FT. MCKINLEY HOMES, AND MEADOWS OF MARTINDALE UNION PROJECTS AND DEVELOPER FEES TO THE CO-DEVELOPERS FOR THE PROJECTS. 489595 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 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 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X TRACY SCHULTZ 9372256328 130 W 2ND STREET SUITE 1420 DAYTON OH 45402 CHARLES CRAWFORD TRUSTEE 2.00 X 0 0 0 LANCE DETRICK TRUSTEE 2.00 X 0 0 0 MARY ELLINGTON TRUSTEE (OCT-MAR) 2.00 X 0 0 0 STEPHAN GAYTKO TRUSTEE 2.00 X 0 0 0 JYL HALL SMITH TRUSTEE 2.00 X 0 0 0 WALT HIBNER TRUSTEE 2.00 X 0 0 0 NATHANAEL JOHNSON TRUSTEE 2.00 X 0 0 0 TOM KELLEY TRUSTEE 2.00 X 0 0 0 KARLOS MARSHALL TRUSTEE 2.00 X 0 0 0 LAURA MERCER TRUSTEE 2.00 X 0 0 0 KEITH RIHM TRUSTEE (OCT-APR) 2.00 X 0 0 0 ANITA SCHMALTZ TRUSTEE 2.00 X 0 0 0 LATISHA TAYLOR TRUSTEE 2.00 X 0 0 0 JUDITH THOMPSON TRUSTEE 2.00 X 0 0 0 ANGELA WATSON GAY TRUSTEE 2.00 X 0 0 0 THOMAS WHALEN TRUSTEE (OCT-MAR) 2.00 X 0 0 0 FRANK WINSLOW TRUSTEE (OCT-APR) 2.00 X 0 0 0 JOHN F KUNTZ III CHAIR 2.00 X X 0 0 0 VAL BEERBOWER VICE CHAIR 2.00 X X 0 0 0 CYNTHIA HATTON TEPE TREASURER 2.00 X X 0 0 0 DAVE VANDERCHER SECRETARY 2.00 X X 0 0 0 BONNIE PARISH IMM. PAST CHAIR 2.00 X X 0 0 0 STEPHEN D NAAS ASST. SECRETARY/PRESIDENT 2.00 34.00 X 0 139224 23295 TRACY L SCHULTZ ASSISTANT TREASURER 3.00 31.00 X 0 86813 38542 ELIZABETH BRUNE ASSISTANT TREASURER (JUN-SEP) 1.00 36.00 X 0 0 0 0 226037 61837 0 0 1 0 0 RENTAL INCOME 532000 209646 209646 INTEREST INCOME 522291 56316 56316 DEVELOPER & MGMT. FEES 531390 31741 31741 OTHER INCOME 532000 365 365 298068 21824 21824 112160 67256 44904 44904 44904 364796 342972 0 21824 341 263 78 12270 6600 5670 84 84 17466 3226 14240 8173 8173 1156 1142 14 1232 962 270 32462 32462 118674 117510 1164 10840 2059 8781 RENTAL EXPENSES 214513 214513 PAYROLL ALLOC./PUR. SVC 135881 108322 24803 2756 TITLE, CREDIT & RECORDI 2625 2536 89 555717 489595 63366 2756 411308 99670 381502 154197 1095502 352053 6596623 7028654 3439 3464166 1639457 1953610 1824709 315772 1119285 10754317 10582007 348042 385336 4072447 4051219 4420489 4436555 X 6333828 6145452 6333828 6145452 10754317 10582007 -190921 2545 0 X 0 1 X 0 1 1 X 307952 39285 347237 306474 343990 399566 327072 410228 1787330 614426 343990 438851 327072 410228 2134567 0 0 0 2134567 9234 1434 144 1508 21824 34144 9234 1434 144 1508 21824 34144 623660 345424 438995 328580 432052 2168711 0.98430 0.98990 0.01570 0.01010 X 241592 241592 3158214 1578085 1580129 64360 61372 2988 1824709 PARTNERSHIP INTEREST 1119285 C 1119285 X 367341 2545 2545 364796 0 364796 555717 0 555717 0 555717 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACTIVITIES OF THE ORGANIZATION'S SINGLE MEMBER LIMITED LIABILITY COMPANIES ARE INCLUDED WITH THE ACTIVITY OF THE ORGANIZATION FOR FEDERAL TAX REPORTING PURPOSES. MANAGEMENT HAS DETERMINED THAT ANY PROVISION FOR INCOME TAXES WOULD NOT BE MATERIAL. X 0 0 0 0 0 0 0 0 0 STEPHEN D NAAS ASST. SECRETARY/PRESIDENT 0 139224 0 0 0 0 0 0 0 23295 0 162519 0 0 PART I, LINE 3 COUNTY CORP HAS AN EXECUTIVE COMMITTEE THAT COMPLETES THE ANNUAL REVIEW OF STEPHEN NAAS AND APPROVES ANY RAISES THAT MAY BE AWARDED FROM THAT REVIEW. FORM 990, PART VI, SECTION A, LINE 3 HOMESTART, INC. ENTERED INTO AN AGREEMENT WITH COUNTY CORP TO PERFORM ALL THE RESPONSIBILITIES WITH RESPECT TO SPECIFIC HOUSING PROGRAMS OFFERED BY HOMESTART, INC., PURSUANT TO THE DELEGATION AGREEMENT BETWEEN MONTGOMERY COUNTY AND COUNTY CORP. STEPHEN NAAS, PRESIDENT, AND TRACY SCHULTZ, TREASURER, ARE COMPENSATED BY COUNTY CORP. TOTAL PAYROLL EXPENSES PAID BY COUNTY CORP AND CHARGED TO HOMESTART, INC. WAS $137,881. FORM 990, PART VI, SECTION A, LINE 6 HOMESTART, INC. HAS A SINGLE CLASS OF MEMBERS ALL WITH EQUAL VOTING RIGHTS. THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY, THE HOMESTART, INC. BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A HOMESTART, INC. HAS A SINGLE CLASS OF MEMBERS ALL WITH EQUAL VOTING RIGHTS. THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY, THE HOMESTART, INC. BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B HOMESTART, INC. DOES NOT HAVE COMMITTEES, BUT PURSUANT TO THE AGREEMENT PREVIOUSLY STATED, CERTAIN ADMINISTRATIVE FUNCTIONS ARE DELEGATED TO COUNTY CORP. COUNTY CORP'S AUDIT COMMITTEE OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES FORM 990 AND ALL REQUIRED SCHEDULES. THE RETURN IS SIGNED BY THE PRESIDENT AND PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C UPON APPOINTMENT AS A NEW TRUSTEE AND THEREAFTER ANNUALLY, ALL HOMESTART, INC. BOARD OF TRUSTEES ARE REQUIRED TO READ AND SIGN THE CHDO CONFLICT OF INTEREST POLICY CREATED BY HUD. THIS POLICY STATES THAT TRUSTEES ARE PROHIBITED DURING THEIR TENURE AND FOR ONE YEAR AFTER THE FOLLOWING: 1) ANY INTEREST IN ANY CONTRACT, SUBCONTRACT OR AGREEMENT WITH RESPECT TO A HOME-ASSISTED PROJECT OR PROGRAM ADMINISTERED BY THE CHDO OR THE PROCEEDS THEREUNDER, OR 2) ANY UNIT BENEFITS OR FINANCIAL ASSISTANCE ASSOCIATED WITH HOME PROJECTS OR PROGRAMS ADMINISTERED BY THE CHDO. ALSO, COUNTY CORP EMPLOYEES (WHO PERFORM DUTIES FOR HOMESTART, INC. HOUSING PROGRAMS OFFERED) ARE REQUIRED TO READ AND SIGN A CONFLICT OF INTEREST POLICY FORM ANNUALLY OR UPON HIRE AS A NEW EMPLOYEE. THIS POLICY STATES THAT THE EMPLOYEE WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A MATTER SHALL NOTIFY THE CORPORATION. THE ORGANIZATION ALSO REGULARLY AND CONSISTENTLY MONITORS THE AFFILIATIONS ITS TRUSTEES AND EMPLOYEES HAVE AS TO ASSIST THE TRUSTEE OR EMPLOYEE IN REPORTING CONFLICT OF INTEREST THEY MAY HAVE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND OTHER OFFICERS OF HOMESTART, INC. ARE EMPLOYEES OF COUNTY CORP, A SEPARATE TAX-EXEMPT ORGANIZATION. THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S PRESIDENT IS A FUNCTION OF THE EXECUTIVE COMMITTEE OF COUNTY CORP WHO HAS THE AUTHORITY TO PERFORM MID-YEAR AND ANNUAL REVIEWS OF THE PRESIDENT AND MAY AWARD AN INCREASE WITHIN THE PARAMETERS OF A PREVIOUSLY APPROVED ALLOTMENT FOR ALL EMPLOYEES OF COUNTY CORP. THE COUNTY CORP EXECUTIVE COMMITTEE REVIEWS AND RECOMMENDS FOR APPROVAL TO THE COUNTY CORP BOARD OF TRUSTEES AN ANNUAL BUDGET THAT MAY INCLUDE AN ALLOTMENT FOR POTENTIAL INCREASES WHICH MAY BE DISBURSED ON A MERIT BASIS. THE PERSONNEL COMMITTEE OF COUNTY CORP REVIEWS SALARY STUDIES AND SALARY COMPARISONS OF SIMILAR ORGANIZATIONS AND APPROVES ANY ADJUSTMENTS IN SALARIES OR SALARY RANGES AS NEEDED FOR ALL EMPLOYEES OF COUNTY CORP. THE PRESIDENT AND MANAGERIAL EMPLOYEES OF COUNTY CORP ARE RESPONSIBLE FOR COMPLETING MID YEAR AND ANNUAL REVIEWS FOR THEIR EMPLOYEES AND INCREASES MAY BE AWARDED WITHIN THE PARAMETERS OF A PREVIOUSLY APPROVED ALLOTMENT FOR ALL EMPLOYEES BASED ON MERIT. 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 AS REQUIRED BY LAW. COUNTY CORP 130 W 2ND STREET STE 1420 DAYTON OH 45402 310978908 AFFORDABLE HOUSING OH 501(C)(3) LINE 7 N/A 0 LISCUM & FISKE L P 9349 WATERSTONE BLVD CINCINNATI OH 45249 311797675 AFFORDABLE HOUSING OH N/A RELATED -34 50784 0 1 0.00030 ALMOND-HOMESTART INC 130 W SECOND STREET STE 1420 DAYTON OH 45402 272886620 AFFORDABLE HOUSING OH HOMESTART INC C -104 -1088 1.00000 1 RIVER-HOMESTART INC 130 W SECOND STREET STE 1420 DAYTON OH 45402 272921830 AFFORDABLE HOUSING OH HOMESTART INC C -381 428961 0.49000 0 DVC II-HOMESTART INC 130 W SECOND STREET STE 1420 DAYTON OH 45402 274017889 AFFORDABLE HOUSING OH HOMESTART INC C -110 -1121 1.00000 1 FT MCKINLEY-HOMESTART INC 130 W SECOND STREET STE 1420 DAYTON OH 45402 453754319 AFFORDABLE HOUSING OH HOMESTART INC C -150 -653 0.79000 1 MARTINDALE-HOMESTART INC 130 W SECOND STREET STE 1420 DAYTON OH 45402 455384819 AFFORDABLE HOUSING OH HOMESTART INC C -45 9702 1.00000 1 WHITMORE ARMS INC 130 W SECOND STREET STE 1420 DAYTON OH 45402 474411577 AFFORDABLE HOUSING OH HOMESTART INC C -326 305699 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 COUNTY CORP O 135883 BOOK VALUE COUNTY CORP P 292989 BOOK VALUE