2024-11-15T09:21:55-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 351917637 PARTNERS IN HOUSING DEVELOPMENT CORPORATION PART 3176331861 441 W MICHIGAN ST INDIANAPOLIS IN 46202 JENNIFER GREEN EXECUTIVE DIRECTOR 3176331861 2024-11-15 1 0 JOSEPH R STROUP P01657031 3178485700 2023 2024-10-15 13:58:12Z JENNIFER GREEN 441 W MICHIGAN ST INDIANAPOLIS IN 46202 5502205 0 X WWW.PARTNERSINHOUSINGINDY.ORG X 1993 IN PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES. 9 9 14 40 0 0 708091 3123814 423875 330993 107602 -1158101 111497 -105943 1351065 2190763 0 0 0 0 590037 1114671 0 0 46569 1689941 1228661 2279978 2343332 -928913 -152569 15752752 18640162 1817588 2415387 13935164 16224775 X PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES. 0 0 400886 -1194041 AT DECEMBER 31, 2023, THE CORPORATION OWNED OR OPERATED THE FOLLOWING LOW INCOME HOUSING PROJECTS AND SUPPORT PROGRAMS:BURTON II, 23 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK APARTMENTS, 106 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERMOZINGO PLACE, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDBLUE TRIANGLE APTS, SPECIAL NEEDS, INDIANAPOLIS, IN- WHOLLY OWNEDGUERIN PLACE APTS., 19 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDLINWOOD APARTMENTS, 28 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDST. GEORGE APTS, 58 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDFALL CREEK, 50 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERGLENMOOR, 24 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - 33.33% PARTNERAPPERSON WAY, 69 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERBLUE-MOZINGO, 72 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERTRIPLE P APARTMENTS, 87 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK, L.P., SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDTHE POINT ON FALL CREEK, 59 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNER 400886 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 13 0 1 14 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X JENNIFER GREEN 3177372846 441 W MICHIGAN ST INDIANAPOLIS IN 46202 JENNIFER GREEN EXECUTIVE DIRECTOR 1.00 1.00 X 147201 0 0 JANINE BETSEY PRESIDENT/CHAIRMAN 1.00 1.00 X X 0 0 0 WALTER FREIHOFER VICE CHAIRMAN/SECRETARY 1.00 1.00 X X 0 0 0 KATHY OVERBEY TREASURER 1.00 1.00 X X 0 0 0 KATHLEEN LARA DIRECTOR 1.00 1.00 X 0 0 0 TRELLES EVAN DIRECTOR 1.00 1.00 X 0 0 0 SHARVONNE WILLIAMS DIRECTOR 1.00 1.00 X 0 0 0 RONALD RICE DIRECTOR 1.00 1.00 X 0 0 0 KATIE WHITE DIRECTOR 1.00 1.00 X 0 0 0 SUSANNA TAFT DIRECTOR 1.00 1.00 X 0 0 0 147201 0 0 1 0 0 0 0 50015 2357154 716645 3123814 RENTAL INCOME 531110 200181 200181 CONSULTING FEE INCOME 531390 77248 77248 DEVELOPMENT FEE INCOME 531390 29682 29682 MANAGEMENT FEE INCOME 531390 23882 23882 330993 205684 205684 1930000 3293785 -1363785 -1363785 -1363785 0 50015 17657 -17657 -17657 OTHER INCOME 531110 71531 71531 TENANT CHARGES 531110 1085 1085 LAUNDRY & VENDING 531110 347 347 -161249 -161249 -88286 2190763 -1194041 0 260990 147201 147201 872640 311 872329 66462 539 65923 28368 2012 26356 1341 1341 37755 37755 10500 10500 251717 6307 198841 46569 689470 326978 362492 12268 288 11980 106992 106992 60271 42309 17962 58347 22142 36205 2343332 400886 1895877 46569 273275 4243256 11970 449913 1136958 4821468 4600716 24125 21027 3085643 1224965 3016861 1860678 4987894 4986888 10055 0 2157191 1790639 15752752 18640162 169794 765483 13543 0 1623154 1644825 11097 5079 1817588 2415387 X 0 0 0 0 13935164 16224775 13935164 16224775 15752752 18640162 X -152569 2442180 X X 0 1 X 1 1 1 X 2646166 2275539 2209353 708091 3123814 10962963 1052304 2400014 301600 485175 169744 4408837 3698470 4675553 2510953 1193266 3293558 15371800 6217 1230 5300 6002 8902 27651 1013358 2351396 247984 471557 134022 4218317 1019575 2352626 253284 477559 142924 4245968 11125832 66105 96006 124760 107602 205684 600157 66105 96006 124760 107602 205684 600157 130031 90197 45130 60981 72963 399302 3894606 4861756 2680843 1361849 3572205 16371259 0.67960 0.60360 0.03670 0.02950 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 156172 156172 2599757 1019365 1580392 329714 205600 124114 1860678 INVESTMENT IN GLENMOOR 126019 C INVESTMENT IN COLONIAL 3635756 C INVESTMENT IN THE BURTON 43546 C INVESTMENT IN FALL CREEK VIEW 53579 C INVESNTMENT IN APPERSON WAY 100 C INVESTMENT IN BLUE-MOZINGO LP 169923 C INVESTMENT IN THE POINT ON FALL CREEK 859038 C INVESTMENT IN COLONIAL PARK APARTMENTS 98927 C 4986888 TENANT SECURITY DEPOSITS 100 DEVELOPER FEE 14163 LOANS RECEIVABLE 1776376 1790639 TENANT SECURITY DEPOSITS 282 ACCRUED INTEREST 4797 5079 X 3702215 0 3702215 -1511452 -1511452 2190763 3742432 1431912 1431912 2310520 32812 32812 2343332 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE, OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ACTIVITY ELIMINATED ON FINANCIAL STATEMENTS -130,010. LOSS FROM SALE OF INVESTMENT PROPERTIES -1,363,785. FUNDRAISING EVENT EXPENSES -17,657. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON NONCONTROLLING INTERESTS ENTITY TAX RETURNS 50,470. LOSS FROM SALE OF INVESTMENT PROPERTIES 1,363,785. FUNDRAISING EVENT EXPENSES 17,657. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ACTIVITY ELIMINATED ON FINANCIAL STATEMENTS 32,812. PUTT PUTT FUNDRAISER 42515 42515 694 3439 125 2062 30TH ANNIVERSARY EVENT 7500 7500 3850 6483 1004 50015 50015 4544 9922 125 3066 17657 -17657 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS REVIEWED AND APPROVED THE CURRENT YEAR 990 IN NOVEMBER 2024. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO IDENTIFY AND REVIEW CONFLICT OF INTEREST, AND THE APPEARANCE OF CONFLICTS OF INTEREST, BOARD MEMBERS AND EMPLOYEES MUST DISCLOSE IN ADVANCE ALL OUTSIDE ACTIVITIES AND FINANCIAL INTEREST THAT CREATE OR HAVE THE APPEARANCE OF CREATING CONFLICTS OF INTEREST. THE BOARD AND/OR EXECUTIVE STAFF REVIEW THE DISCLOSURES TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND WHAT CONDITIONS OR RESTRICTIONS SHOULD BE IMPOSED IN ORDER TO MANAGE, REDUCE, OR ELIMINATE THE CONFLICT OF INTEREST. EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT ANNUALLY AND FILED WITH BOARD OF DIRECTOR MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR BASED UPON ANNUAL REVIEW OF PERFORMANCE AND COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE DOCUMENT IS MAINTAINED AND APPROVED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST BY CONTACTING THE CORPORATE OFFICE. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT 2,442,180. PART XII, LINE 2C: THE ENTITY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. SCHEDULE D, PART XII: PARTNERS IN HOUSING DEVELOPMENT CORPORATION IS A CONSOLIDATED FINANCIAL STATMENT. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE BOTH FINANCIAL DATA THAT IS PART OF THE FORM 990 AS WELL AS FINANCIAL DATA IN WHICH SEPARATE TAX RETURNS ARE COMPLETED. SCHEDULE D ADJUSTMENTS ADJUSTS FOR THE PORTION OF THE FINANCIAL DATA THAT IS NOT ASSOCIATED DIRECTLY WITH THIS TAX RETURN. 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