2024-11-15T08:35:03-06:00 2023-12-31 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2023-07-01 341678365 NEW SUNRISE PROPERTIES INC NEWS 2165747100 2999 PAYNE AVENUE 134 CLEVELAND OH 44114 MARY SMIGELSKI CHIEF FINANCIAL OFFICER 2165747100 2024-11-14 1 1 PARGAT SINGH P02184330 8002291099 2024-11-14 2023 2024-10-15 13:58:12Z KEVIN J NOWAK 2999 PAYNE AVENUE 134 CLEVELAND OH 44114 246243 0 X WWW.NEWSUNRISEPROPERTIES.ORG X 1991 OH THE MISSION OF NEW SUNRISE PROPERTIES, INC. IS TO INCREASE THE HOUSING AVAILABLE TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME, OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING. THE AGENCY OWNS AND MANAGES OVER 200 UNITS OF HOUSING THROUGHOUT LORAIN COUNTY. THE HOUSING TYPES INCLUDE SCATTERED DUPLEXES, APARTMENTS, CONDOMINIUMS, AND SINGLE FAMILY HOMES. 10 10 9 10 0 0 625383 328712 853409 -82472 45 3 0 0 1478837 246243 0 0 0 0 712770 267014 0 0 0 950512 275142 1663282 542156 -184445 -295913 5312049 4154978 3513609 2091596 1798440 2063382 X THE MISSION OF NEW SUNRISE PROPERTIES, INC. IS TO INCREASE THE HOUSING AVAILABLE TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME, OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING. THE AGENCY OWNS AND MANAGES OVER 200 UNITS OF HOUSING THROUGHOUT LORAIN COUNTY. THE HOUSING TYPES INCLUDE SCATTERED DUPLEXES, APARTMENTS, CONDOMINIUMS, AND SINGLE FAMILY HOMES. 0 0 542156 -82472 TO INCREASE THE HOUSING AVAILABILITY TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING. 542156 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 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 1 1 1 0 0 1 12 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OH X MARY SMIGELSKI 2165747100 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 X CHRIS WARREN PRESIDENT 1.00 4.00 X X 0 0 0 CAROLYNN GALLOWAY VICE PRESIDENT 1.00 4.00 X X 0 0 0 JIM POZNIK TREASURER 1.00 4.00 X X 0 0 0 MIKE GRIFFIN BOARD MEMBER 1.00 4.00 X 0 0 0 SAHNARA HENDRIX-ARNEY BOARD MEMBER 1.00 4.00 X 0 0 0 KRUME STOJANOVSKI BOARD MEMBER 1.00 4.00 X 0 0 0 PETER MEISEL BOARD MEMBER 1.00 4.00 X 0 0 0 KATHY HEXTER BOARD MEMBER 1.00 4.00 X 0 0 0 CAROLINE PEAK BOARD MEMBER 1.00 4.00 X 0 0 0 TERRELL SANDERS BOARD MEMBER 1.00 4.00 X 0 0 0 0 0 0 0 0 0 0 0 328712 328712 FEE REVENUE 900099 141212 141212 RENTAL INCOME 900099 135514 135514 MISCELLANEOUS REVENUE 900099 308 308 INCOME FROM PARTNERSHI 900099 -359506 -359506 -82472 3 3 246243 -82472 0 3 217408 217408 33659 33659 15947 15947 2510 2510 7500 7500 1991 1991 29117 29117 3755 3755 158543 158543 8803 8803 1476 1476 1311 1311 44762 44762 14628 14628 DUES AND SUBSCRIPTIONS 746 746 542156 542156 0 0 101151 549994 446915 378364 515873 1978061 1262424 5530 6050 13181 4056802 2274798 1823563 1782004 572462 25972 5483 0 5312049 4154978 328464 349689 0 925 2230778 1740982 954367 0 3513609 2091596 X 1798440 2063382 1798440 2063382 5312049 4154978 -295913 560855 0 X X 0 1 X 1 0 X 494594 643298 633719 625383 328712 2725706 494594 643298 633719 625383 328712 2725706 2725706 2667 282 72 45 3 3069 2728775 3357225 0.99890 0.99840 X PART II CURRENT YEAR IS SHORT YEAR FOR PERIOD JULY 1, 2023 THROUGH DECEMBER 31, 2023 0 0 591304 591304 3315594 2126842 1188752 149904 147956 1948 1782004 X PART IV, LINE 2B: THE ORGANIZATION HOLDS ESCROW ACCOUNTS FOR PROPERTY TAXES FOR PROPERTIES ASSOCIATED WITH THE MORTGAGES PROVIDED BY THE ORGANIZATION. PART X, LINE 2: NSP ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GAAP, WHICH REQUIRES RECOGNITION OF AND DISCLOSURES RELATED TO UNCERTAIN TAX POSITIONS. AS OF AND DURING THE YEAR ENDED DECEMBER 31, 2023, NSP DOES NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT OF ITS FINANCIAL STATEMENTS AND FORM 990 TO BOARD MEMBERS DURING THEIR MONTHLY BOARD MEETINGS. THE BOARD REVIEWS AND APPROVES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST: ANNUALLY, THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM. ATTACHED TO THE FORM IS THE WRITTEN POLICY FOR REVIEW TO ENSURE IDENTIFICATION OF POTENTIAL CONFLICTS. ALL POTENTIAL CONFLICTS ARE PUBLISHED IN THE CONFLICT OF INTEREST LOG. DISINTERESTED DIRECTORS SHALL DETERMINE, BASED ON THE FACTS PRESENTED, BY THE MAJORITY VOTE APPROVE TO ENTER INTO TRANSACTIONS OR ARRANGEMENTS WITH A POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ALL WAGES ARE DISCUSSED WITH THE BOARD MEMBERS AT THE MONTHLY BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE A COPY OF ANY OF THESE DOCUMENTS TO INDIVIDUALS UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHN HOUSING PARTNERS 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 341346763 REAL ESTATE OH 501(C)(3) LINE 7 N/A 0 THRESHOLD HOMES LIMITED PARTNERSHIP 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 341791473 REAL ESTATE OH NEW SUNRISE PROPERTIES INC RELATED -16320 186487 0 1 0.99000 SOUTHERN HEIGHTS LIMITED PARTNERSHIP 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 341915812 REAL ESTATE OH NEW SUNRISE PROPERTIES INC RELATED -78788 1778415 0 1 0.99000 NEW RIVERBEND HOMES LLC 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 200848177 REAL ESTATE OH NEW SUNRISE PROPERTIES INC RELATED -264398 4978327 0 1 0.99000 SUNRISE HOMES LP 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 922909783 REAL ESTATE OH NEW SUNRISE PROPERTIES INC RELATED 0 1 0.99000 SUNRISE NEIGHBORHOOD LIVING LP 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 931742038 REAL ESTATE OH NEW SUNRISE PROPERTIES INC RELATED 0 1 0.99000 SOUTHERN HEIGHTS INC 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 341915810 REAL ESTATE OH NEW SUNRISE PROPERTIES INC C 0.01000 1 THRESHOLD HOMES INC 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 341791473 REAL ESTATE OH NEW SUNRISE PROPERTIES INC C 0.01000 1 NEW RIVERBEND HOMES CORP 2999 PAYNE AVENUE SUITE 134 CLEVELAND OH 44114 200848119 REAL ESTATE OH NEW SUNRISE PROPERTIES INC C 0.01000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 SOUTHERN HEIGHTS LIMITED PARTNERSHIP L 51260 FMV