2024-11-13T09:02:27-06:00 2023-12-31 HW&CO 28601 Chagrin Blvd 210 Woodmere OH 44122 990 2023-01-01 341951915 MARGARET WAGNER APARTMENTS INC % JANICE BRENNAN CPA MARG 2163731602 2375 EUCLID HEIGHTS BLVD CLEVELAND HEIGHTS OH 44106 JANICE BRENNAN CPA SR. VP & CFO 2163731602 2024-11-15 true true David M Reape CPA P00068117 2168311200 2023 2024-10-15 13:58:12Z ORION H BELL 11890 FAIRHILL ROAD CLEVELAND OH 44120 813131 false X WWW.BENROSE.ORG/WEB/GUEST/HOUSING X 2003 OH TO PROVIDE LOW-INCOME HOUSING, UNDER HUD SECTION 202 PROVISIONS, TO ELDERLY PEOPLE. THERE ARE 24 RENTAL UNITS AVAILABLE FOR THIS PURPOSE. X 7 3 0 3 0 0 0 290482 129206 23 87423 1505 1314 292010 217943 0 0 0 0 90334 54548 0 0 0 258672 124852 349006 179400 -56996 38543 683943 0 3443507 0 -2759564 0 X TO PROVIDE LOW-INCOME HOUSING, UNDER HUD SECTION 202 PROVISIONS, TO ELDERLY PEOPLE. THERE ARE 24 RENTAL UNITS AVAILABLE FOR THIS PURPOSE. false true 169413 130520 MW APARTMENTS OFFER INDEPENDENT, SUPPORTIVE HOUSING FOR LOW-INCOME OLDER ADULTS AGES 62 AND OLDER (ALL RESIDENTS QUALIFY AS LOW-INCOME PER HUD GUIDELINES). THE APARTMENTS ARE SUBSIDIZED UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM. THERE ARE 24 RENTAL UNITS AVAILABLE FOR THIS PURPOSE. 169413 true false false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false true false true false false false true 0 0 false 0 false false false false false false false false false false false false X 7 3 false false false false false false false true true false false true true true true true true true true false OH X JANICE BRENNAN CPA 2163731602 11890 FAIRHILL ROAD CLEVELAND OH 44120 ORION H BELL IV PRESIDENT & CEO 1.0 39.0 X X 0 312974 29437 MARY MARITA SR VP & COO 2.0 38.0 X X 0 175090 24921 JANICE BRENNAN SR. VP & CFO 1.0 39.0 X X 0 170274 19720 BETH SIPPLE BOARD MEMBER 1.0 39.0 X 0 93248 13922 PATRICIA R FRUTIG JD CHAIR 1.0 2.0 X X 0 0 0 CONNIE HILL-JOHNSON SECRETARY 1.0 4.0 X X 0 0 0 LORI LOZIER MSSA LISW-S LNHA VICE CHAIR 1.0 2.0 X X 0 0 0 0 751586 88000 0 false true false 0 0 LOW INCOME HOUSING RENTAL 531110 129206 129206 129206 25 25 0 0 0 0 0 682586 595188 87398 87398 87398 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 1314 1314 1314 217943 217918 25 0 0 0 0 0 0 45069 45069 2022 2022 4090 4090 3367 3367 6417 6417 0 0 0 0 0 13728 10158 3570 0 2254 2254 0 0 39731 39731 0 0 0 647 647 0 51967 51967 2423 2423 REPAIRS & MAINTENANCE 7318 7318 STAFF DEVELOPMENT 322 322 MISCELLANEOUS EXPENSES 45 45 179400 169413 9987 0 31689 0 0 0 0 0 1211 0 0 0 0 0 0 0 0 0 3889 0 647154 0 0 0 0 0 0 0 0 0 0 0 683943 0 40502 0 0 0 0 0 0 0 0 0 0 0 2047300 0 0 0 1355705 0 3443507 0 X -2759564 0 0 0 -2759564 0 683943 0 X 38543 2721021 X false true X true true true X 0 0 0 0 0 0 287270 293577 299380 290482 129206 1299915 0 0 0 287270 293577 299380 290482 129206 1299915 0 0 0 1299915 9 17 14 23 25 88 0 9 17 14 23 25 88 0 25 75370 577 1505 1314 78791 287304 368964 299971 292010 130545 1378794 0.94279 0.94937 0.00006 0.00006 X 0 0 X Part X, Line 2 The Institute, SPRY, ESOP, ESOP Realty, Inc., and MW Apartments are nonprofit corporations as described in Section 501(C)(3) of the Internal Revenue Code and are exempt from income taxes on related income pursuant to Section 501(a) of the Code. Effective January 1, 2022, Eldercare Services Institute, LLC and Rose Centers for Aging Well, LLC, both single member LLCs, elected to be treated as Corporations. In addition, the entities elected and received exemptions from income taxes on related income pursuant to Section 501(a) of the Code. Benjamin Rose Property, LLC is a single member LLC and is considered a disregarded entity and is consolidated with the Institute for tax purposes. Effective December 28, 2023, ESOP Realty, Inc. was dissolved. Accounting principles generally accepted in the United States of America (U.S. GAAP) require management to evaluate tax positions taken by the Organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. The Organization's evaluation at December 31, 2023 revealed no tax positions that would have a material impact on the consolidated financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. X true true X X false false false false false false false false false ORION H BELL IV PRESIDENT & CEO 0 312974 0 0 0 0 0 14443 0 14994 0 342411 0 0 JANICE BRENNAN SR. VP & CFO 0 170274 0 0 0 0 0 8605 0 11115 0 189994 0 0 MARY MARITA SR VP & COO 0 175090 0 0 0 0 0 9293 0 15628 0 200011 0 0 Transfer of HUD Mortgage Payable 2023-06-21 2047300 book value 340714482 Benjamin Rose Institute on Aging 11890 Fairhill Road CLEVELAND OH 44120 501(C)3 Forgiveness of Intercompany Debt 2023-06-21 673721 book value 340714482 Benjamin Rose Institute on Aging 11890 Fairhill Rd Cleveland OH 44120 501(C)3 Sale of Property, Plant, and Equipment 2023-06-21 595188 Book Value 882501756 MWSA LP 11890 Fairhill Road Cleveland OH 44120 Transfer of Bank Balances 2023-06-21 32205 FMV 882501756 MWSA LP 11890 Fairhill Road Cleveland OH 44120 true false false false Part II, Line 2e Effective June 21, 2023, the PRAC covering the MWA low-income housing units was transferred to Margaret Wagner Senior Apartments, LP. As a result, HUD terminated and released MWA from the compliance with the Section 202 program. However, the 40-year mortgage note payable originally taken out was not forgiven, and the balance was assigned and assumed by The Benjamin Rose Institute, a related organization. MWA Officers Patricia R. Frutig, Connie Hill-Johnson, Lori Lozier, Orion H Bell, IV, Janice Brennan, and Mary Marita are all on the board of The Benjamin Rose Institute. DOCUMENTS AVAILABLE TO PUBLIC PAGE 6, PART VI, SECTION C, #19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 REVIEW PROCESS PAGE 6, PART VI, SECTION B, #11B THE FORM 990 WILL BE FORWARDED TO ALL BOARD MEMBERS AT THE BOARD MEETING PRECEEDING THE FILING DATE. AT THAT TIME, A REVIEW OF THE FORM 990 WILL COMMENCE AND ANY RECOMMENDED CHANGES WILL BE MADE PRIOR TO FILING WITH THE IRS. MONITOR AND ENFORCE CONFLICT OF INTEREST POLICY PAGE 6, PART VI, SECTION B, #12C THE ORGANIZATION DISTRIBUTES CONFLICT OF INTEREST STATEMENTS THAT THE BOARD MEMBERS AND OFFICERS SIGN AND RETURN ON AN ANNUAL BASIS. PROCESS FOR DETERMINING COMPENSATION PAGE 6, PART VI, SECTION B, #15A & 15B The HUMAN RESOURCES department provides the board chair with salary INFORMATION from similar organizations. The chair then reviews this INFORMATION with the board's executive committee when implementing annual salary and benefit increases for the president and CEO. The president and CEO reviews the organization wide data, which includes officers and key employees. ALL PROCESSES ARE DOCUMENTED AT THE TIME THE DECISIONS ARE MADE. Form 990, Part III, Line 3 Effective June 21, 2023, the PRAC covering the Margaret Wagner Apartments, Inc. low-income housing units was transferred to Margaret Wagner Senior Apartments L.P., a related organization. As a result, HUD terminated and released MWA from the compliance with the Section 202 program, and all program services were transferred to Margaret Wagner Senior Apartments L.P. The 40-year mortgage note payable from HUD was assigned assumed by the Benjamin Rose Institute on Aging as of June 21, 2023. Form 990, Part XI, Line 9 Gain on entity closing and assumption of debt by Benjamin Rose Institute: $2,721,021 BENJAMIN ROSE INSTITUTE ON AGING 11890 FAIRHILL ROAD CLEVELAND OH 44120 340714482 ELDERLY care OH 501(c)(3) 10 NA false MARGARET WAGNER APARTMENTS II INC 2375 Euclid Heights Blvd Cleveland HTS OH 44106 264430804 LOW INC HOUSE OH 501(c)(3) 10 NA false SETTING PRIORITIES FOR RETIREMENT YEARS 1612 K STREET NW SUITE 400 WASHINGTON DC 20006 521723616 SUPPORT & EDU DC 501(C)(3) 10 NA false EMPOWERING AND STRENGTHENING OHIO'S PEOP 7000 EUCLID AVENUE CLEVELAND OH 44103 341752943 FIN. ASSIST. OH 501(C)(3) 7 NA false Eldercare Services Institute LLC 11890 Fairhill Road cleveland OH 44120 262155447 elderly care OH 501(C)(3) 7 Benj Rose false Rose Centers for Aging Well LLC 11890 fairhill road cleveland OH 44120 471749435 social svcs OH 501(C)(3) 7 benj rose false ESOP REalty Inc 7000 Euclid Avenue Cleveland OH 44103 472051024 housing assis OH 501(C)3 10 na false Margaret Wagner Senior Apartments GP 11890 Fairhill Road Cleveland OH 44120 882468770 low inc housing OH benj rose related 0 0 false false 0.00000 Margaret Wagner Senior Apartments LP 11890 fairhill road cleveland OH 44120 882501756 low inc housing OH benj rose related 0 0 false false 0.00000 false false false false true false false false false false false false true true true true false false false