2024-07-12T12:43:29-04:00 2023-12-31 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2023-01-01 237356791 GRINNELL AREA HOUSING INC GRIN 5634326160 PO BOX 460 MECHANICSVILLE IA 52306 FRANK SHULTS VICE PRESIDENT 5634326160 2024-07-11 true FRANK SHULTS XXX-XX-XXXX false ROSS VANLAAR CPA P01532250 5156203050 2024-07-12 2023 2023-04-26 12:10:37Z DOUG CAMERON 720 12TH AVE GRINNELL IA 50112 512288 false X X 1974 IA TO PROVIDE AFFORDABLE RENTAL HOUSING TO ELDERLY AND LOW INCOME RESIDENTS. 6 6 1 6 0 0 332078 511557 140 731 0 332218 512288 0 0 0 0 0 282827 304155 282827 304155 49391 208133 320340 482672 215681 169880 104659 312792 TO PROVIDE AFFORDABLE RENTAL HOUSING TO ELDERLY AND LOW INCOME RESIDENTS. false false 225293 511557 THE CORPORATION LEASES 3 APARTMENT BUILDINGS WITH A TOTAL OF 63 UNITS FOR ELDERLY AND LOW INCOME RURAL RESIDENTS AND MAINTAINED 73% OCCUPANCY IN 2023. 225293 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 5 0 true 1 false false false false false false false false false X 6 6 false true false false false false false true true false false false false true true true true false X RIGHTWAY MANAGEMENT SERVICES LLC 5634326160 205 E 1ST ST MECHANICSVILLE IA 52306 X DOUG CAMERON PRESIDENT 1.00 X 0 0 0 FRANK SHULTS VICE PRESIDE 1.00 X X 0 0 0 ROBERT G ANDERSON RESIGNED 1022 SECRETARY/TR X X 0 0 0 KATE SLATER JOINED 1122 SECRETARY 1.00 X X 0 0 0 DORIS L HOTCHKIN DIRECTOR 1.00 X 0 0 0 PAUL KOLPIN DIRECTOR 1.00 X X 0 0 0 BETTY LUDDEN JOINED 122 DIRECTOR 1.00 X 0 0 0 DONALD SCHILD RESIGNED 122 DIRECTOR X 0 0 0 TRACY SADLER RESIGNED 122 DIRECTOR X 0 0 0 KEVIN STUTZ RESIGNED 122 DIRECTOR X 0 0 0 false false false OTHER PROJECT SOURCES 531110 212159 212159 TENANT RENT 531110 148324 148324 RENTAL ASSISTANCE 531110 123330 123330 INTEREST SUBSIDY 531110 22293 22293 LAUNDRY/CABLE 531110 2820 2820 2631 2631 511557 731 731 512288 508737 3551 51096 51096 669 669 1040 1040 1325 1325 24003 24003 149567 149567 30798 30798 15177 15177 29751 29751 OTHER ADMINISTRATIVE EXP 705 705 GRANT SERVICE CHARGE 24 24 304155 225293 78862 0 7235 5923 104020 67346 221 1417 1417 2083947 1675961 207447 407986 320340 482672 29517 5527 171766 145675 14398 18678 215681 169880 X 104659 312792 104659 312792 320340 482672 208133 X false false false 62025 62025 1503327 1254070 249257 191313 130047 61266 167605 167483 122 159677 124361 35316 407986 TENANT SECURITY DEPOSITS 11796 OTHER LIABILITIES 6882 18678 FORM 990, PAGE 6, PART VI, LINE 3 GRINNELL AREA HOUSING, INC. HAS AN AGREEMENT WITH RIGHTWAY MANAGEMENT SERVICES AS OF MAY 1, 2021 TO HANDLE THE MANAGEMENT RESPONSIBILITIES. UNDER THE TERMS OF THIS AGREEMENT, RIGHTWAY MANAGEMENT SERVICES RECEIVED A MONTHLY MANAGEMENT FEE EQUAL TO 58 PER OCCUPIED UNIT FOR THE YEAR ENDED DECEMBER 31, 2022. THE TOTAL MANAGEMENT FEES INCURRED FOR THE YEAR ENDED DECEMBER 31, 2022 WERE 33,756. THE AGREEMENT RENEWS UNLESS NOTIFICATION IS MADE OF AN INTENTION TO TERMINATE THE AGREEMENT. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 WILL BE REVIEWED BY A MEMBER OF THE MANAGEMENT COMPANY AND THEN PRESENTED AT A BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C ALTHOUGH THERE IS NO FORMAL WRITTEN CONFLICT OF INTEREST POLICY, THE BOARD MEMBERS ARE AWARE OF SUCH SITUATIONS AND HAVE COMPLIED WITH AN INFORMAL UNWRITTEN POLICY. EVERY THREE YEARS THE BOARD IS REQUIRED TO AFFIRM THAT THERE ARE NO CONFLICTS ON INTEREST. THIS POLICY IS ALSO ENFORCED BY REGULATIONS WITH USDA RURAL DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 15A AN UNRELATED SITE MANAGER'S SALARY IS SET BY THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY IS PAID A FEE WHICH IS DETERMINED AND APPROVED BY USDA RURAL DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION DOES NOT HAVE ANY PAID CEO, EXECUTIVE DIRECTOR, OR ANY OTHER EMPLOYEES AS THE ORGANIZATION'S OPERATIONS ARE MANAGED BY A MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF THE 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE BUSINESS OFFICE. POWESHIEK AREA HOUSING INC PO BOX 460 MECHANICSVILLE IA 52306 421298086 RENTAL IA 501C3 10 N/A false UNCLE SAM'S INC PO BOX 460 MECHANICSVILLE IA 52306 391876988 RENTAL IA 501C3 10 N/A false false false false false false false false false false false false false false false false false false false false