2024-02-01T14:23:24-06:00 2023-06-30 461571667 MCCLURE & WOLF LLP CPA'S 538 MORGANTOWN STREET UNIONTOWN PA 154015412 990 2022-07-01 251674112 THRESHOLD HOUSING DEVELOPMENT INC THRE 7244379080 55 N BEESON AVENUE UNIONTOWN PA 15401 KIM HAWK CHAIRPERSON 7244379080 2024-01-31 1 KIM HAWK 999009999 1 DREW D DUPONT CPA P01514941 7244372000 2024-01-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID MOLCHAN 55 N BEESON AVE UNIONTOWN PA 15401 623932 0 X THRESHOLDHOUSINGDEV.ORG/FAYETTE-COUNTY/ X 1991 PA TO ACQUIRE, DEVELOP, MAINTAIN AND MANAGE REAL AND PERSONAL PROPERTY 12 12 5 0 0 0 482299 289539 0 0 0 0 821683 334393 1303982 623932 0 0 0 0 176127 190358 0 0 0 1072804 480381 1248931 670739 55051 -46807 482735 208024 399225 171321 83510 36703 X THRESHOLD'S MISSION IS TO DEVELOP, PROMOTE, ENCOURAGE, OR ENHANCE THE LEVEL OF SELF-SUFFICIENCY OF LOW INCOME, DISABLED, OR ELDERLY INDIVIDUALS AND FAMILIES THROUGH DEVELOPING AFFORDABLE, EFFICIENT HOUSING UNITS FOR BOTH RENTAL AND OWNERSHIP BY LOW-INCOME INDIVIDUALS AND FAMILIES. 0 0 600144 324249 THRESHOLD HOUSING DEVELOPMENT'S (THD) PURPOSE IS TO ACQUIRE, DEVELOP, HOLD, OPERATE, MAINTAIN, AND MANAGE REAL AND PERSONAL PROPERTY.THD'S MISSION IS TO DEVELOP, PROMOTE, ENCOURAGE OR ENHANCE THE LEVEL OF SELF-SUFFICIENCY OF LOW INCOME, DISABLED, OR ELDERLY INDIVIDUALS AND FAMILIES THROUGH DEVELOPING AFFORDABLE, EFFICIENT HOUSING UNITS, FOR BOTH RENTAL AND OWNERSHIP BY LOW INCOME FAMILIES OR INDIVIDUALS. THRESHOLD ACCOMPLISHES ITS MISSION THROUGH VARIOUS METHODS. OVER THE LAST 25 PLUS YEARS, THRESHOLD HAS ESTABLISHED MANY INNOVATIVE PARTNERSHIPS THAT HAVE LED TO THE DEVELOPMENT OF MORE THAN 150 NEW HOMES AND 150 REHABILITATED HOMES THROUGHOUT FAYETTE, GREENE, AND WASHINGTON COUNTIES.CURRENTLY, THRESHOLD ACCOMPLISHES ITS HOUSING DEVELOPMENT GOALS THROUGH THREE DIFFERENT PROGRAMS: NEW CONSTRUCTION, REHABILITATION FOR RESALE AND THE USDA RURAL DEVELOPMENT SELF-HELP PROGRAM.FOR REHABILITATION FOR RESALE: THRESHOLD PURCHASES AND REHABILITATES HOMES THAT ARE SOLD TO FAMILIES AT OR BELOW 80% OF AREA MEDIAN INCOME. PARTICIPATING FAMILIES MUST HAVE 3% OF THE TOTAL PURCHASE PRICE AT CLOSING AND MUST SECURE A MORTGAGE LOAN FOR 80% OF THE COST OF THE HOME. THE OTHER 17% OF THE PURCHASE PRICE AND ALL OF THE CLOSING COSTS ARE PROVIDED TO THE FAMILY THROUGH A DEFERRED SECOND MORTGAGE. THRESHOLD HAS PRODUCED THIS TYPE OF HOUSING USING VARIOUS FUNDING TYPES. MOST RECENTLY, THRESHOLD HAS PERFORMED THIS PROGRAM RECEIVING HOME INVESTMENT PARTNERSHIPS PROGRAM FUNDS SUBCONTRACTED THROUGH LOCAL REDEVELOPMENT AUTHORITIES.FOR THE USDA RURAL DEVELOPMENT SELF-HELP PROGRAM: PARTICIPATING FAMILIES ARE APPROVED FOR A MORTGAGE THROUGH USDA RURAL DEVELOPMENT. THE MORTGAGE WILL THEN BE USED TO PURCHASE A HOUSE AND NECESSARY MATERIALS TO REHAB THE HOUSE. IT IS ANTICIPATED THAT THE AMOUNT OF TIME NEEDED TO REHAB THE HOUSE WILL BE APPROXIMATELY 120 HOURS. THRESHOLD WILL PROVIDE AN EXPERIENCED CONSTRUCTION SUPERVISOR TO INSTRUCT THE HOMEOWNER IN THE SKILLS NEEDED TO PERFORM THE WORK AND TO PROVIDE ONGOING SUPPORT AND GUIDANCE. 600144 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 1 0 0 0 1 20 0 5 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X CYNTHIA DESPOT 7244376050 108 NORTH BEESON AVENUE UNIONTOWN PA 15401 X TOM ROCKS DIRECTOR 1.00 X 0 0 0 BRENT FILAK DIRECTOR 1.00 X 0 0 0 JOAN TRACY DIRECTOR 1.00 X 0 0 0 JAMES KRIVANEK DIRECTOR 1.00 X 0 0 0 JESSICA HAJEK-BATES DIRECTOR 1.00 X 0 0 0 BOB BAKOS DIRECTOR 1.00 X 0 0 0 DAVID CALVARIO DIRECTOR 1.00 X 0 0 0 DEBBY POTKUL DIRECTOR 1.00 X 0 0 0 KIM HAWK CHAIRPERSON 3.00 X 0 0 0 TAMMY KNOUSE SECRETARY 2.00 X 0 0 0 DARLENE BIGLER TREASURER 3.00 X 0 0 0 JEFF FONDELIER VICE-CHAIR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 289539 289539 9625 0 9625 9625 9625 312177 0 312177 312177 CONTRACT AGREEMENT 531390 151114 151114 MISCELLANEOUS 531390 500 500 INTEREST INCOME 531390 19 19 -139042 -139042 12591 623932 324249 0 10144 134772 110981 23791 55586 47422 8164 11900 8925 2975 4134 3310 824 1936 1486 450 10174 8468 1706 4909 4104 805 8338 8338 3438 3438 15376 11770 3606 DEVELOPMENT COSTS 162533 154753 7780 CAPITALIZED COSTS 111612 111612 OTHER 67498 67142 356 CONTRACT SERVICES 56198 51120 5078 22335 19051 3284 670739 600144 70595 0 111527 49702 122699 25541 4218 3541 232242 105515 130165 126727 114126 2513 482735 208024 227908 12903 21317 8418 150000 150000 399225 171321 X 83510 36703 83510 36703 482735 208024 -46807 0 X 0 1 X 0 0 X 285290 583544 882293 482299 289539 2522965 285290 583544 882293 482299 289539 2522965 2522965 5040 4850 2975 7100 9625 29590 2552555 0.98840 0.97660 X 57977 57977 137500 68750 68750 36765 36765 0 126727 LINE OF CREDIT 150000 150000 X 623932 0 623932 0 623932 670739 0 670739 0 670739 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). TAX BENEFITS WOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION AND BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED JUNE 30, 2023. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE ANNUAL AUDIT HAS BEEN FINALIZED, A PRELIMINARY DRAFT OF THE FORM 990 IS PREPARED AND PROVIDED TO THE BOARD. THE FORM IS THEN REVIEWED BY THE BOARD AND THE ORGANIZATION'S PRESIDENT. ONCE THE BOARD DETERMINES THAT THE FORM IS COMPLETE AND ACCURATE, THE FORM IS FINALIZED AND SIGNED BY THE PRESIDENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S WAGE IS DETERMINED BY A WRITTEN CONTRACT NEGOTIATED WITH THE COMPENSATION COMMITTEE WHO APPROVES IT AND MAKES RECOMMENDATION TO THE ENTIRE BOARD. THESE HAVE BEEN FIVE YEAR CONTRACTS. YEARLY, THE COMPENSATION COMMITTEE REVIEWS ANY BONUS PROVISIONS OF THE PRESIDENT'S CONTRACT AND DETERMINES IF HE MET CERTAIN BONUS CRITERIA, IF SO, THEY MAKE RECOMMENDATION TO THE ENTIRE BOARD. THE PRESIDENT ANNUALLY REVIEWS THE TWO EMPLOYEES' SERVICE AND RECOMMENDS ANY INCREASE OR DECREASE TO THEIR SALARY. THIS COULD BE IN THE FORM OF BONUS OR MERIT RAISES. THIS RECOMMENDATION IS MADE TO THE COMPENSATION COMMITTEE WHO REVIEWS THE INFO FROM THE PRESIDENT AND MAKES RECOMMENDATION TO ENTIRE BOARD. ALL SALARY AND BONUS DECISIONS ARE MADE AT THE FIRST BOARD MEETING OF THE NEW YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY REQUEST TO INSPECT THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND REQUIRED FILINGS BY REQUESTING COPIES FROM THE ORGANIZATION'S MAIN OFFICE LOCATED AT 55 N. BEESON AVE. UNIONTOWN, PA 15401 FAYETTE COUNTY COMMUNITY ACTION AGENCY 108 N BEESON AVE UNIONTOWN PA 15401 251180898 SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES PA 501(C)(3) 170(B)(1) 0 BLUEPRINTS 150 W BEAU STREET WASHINGTON PA 15301 251153028 SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES PA 501(C)(3) 170(B)(1) 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 FAYETTE COUNTY COMMUNITY ACTION AGENCY M 17004 BLUEPRINTS E 150000 BLUEPRINTS R 8338