2025-04-01T17:36:16-05:00 2024-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2023-07-01 860271216 THE BROADWAY HOUSE CORPORATION C/O BILTMORE PROPERTIES INC BROA 6029970013 2330 W MISSION LANE 10 PHOENIX AZ 85021 DR WARREN H STEWART SR CHAIRPERSON 6029970013 2025-03-24 1 1 LINDSEY R PHILLIPS CPA P01985962 6122536500 2025-03-24 2023 2025-03-06 01:10:19Z DR WARREN H STEWART SR 2330 W MISSION LANE 10 PHOENIX AZ 85021 1152356 0 X NONE X 1971 AZ TO PROVIDE LOW-INCOME HOUSING TO LOW-INCOME FAMILIES AND DISABLED PERSONS. 7 7 0 7 0 0 0 0 1099119 1148465 18509 3891 0 0 1117628 1152356 0 0 0 0 186186 189557 0 0 0 790812 808592 976998 998149 140630 154207 1679753 1787093 1088168 1041301 591585 745792 X NONE 0 0 843953 1148465 THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO LOW-INCOME FAMILIES AND DISABLED PERSONS THROUGH THE OPERATION OF AN 80-UNIT MULTI-FAMILY COMPLEX IN PHOENIX, ARIZONA. DURING THEIR FISCAL YEAR, THE ORGANIZATION SERVED 188 RESIDENTS: 32% UNDER 18, 48% AGED 18-61, 19% AGED 62-81 AND 1% AGED 82-95. IN ADDITION TO PROVIDING DECENT, SAFE, SANITARY AND AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS WITH DISABILITIES, THIS PROJECT EMPLOYS A FULL-TIME SERVICE COORDINATOR. THE SERVICE COORDINATOR IS A VALUABLE RESOURCE PERSON IN THIS COMMUNITY WHO ASSISTED YOUTH AND ADULT/SENIOR RESIDENTS IN THE PROJECT'S NEIGHBORHOOD NETWORK (COMPUTER) CENTER. IN 2023-24 THE SERVICE COORDINATOR ASSISTED CHILDREN AND YOUTH WITH HOMEWORK HELP, SCHOOL/TEACHER INTERVENTION, TUTOR/MENTORING, (CONT'D ON SCH O)LIFE-SKILLS, AND VOLUNTEER AND SCHOLARSHIP OPPORTUNITIES. ADULT RESIDENTS BENEFITED FROM ASSISTANCE WITH: ADVOCACY, CASE MANAGEMENT, GED STUDY/TESTING SUPPORT, COMPUTER ASSISTANCE, JOB SEARCH/RESUME WRITING/INTERVIEWING HELP, PARENTING CLASSES, PEER COUNSELING, CRISIS COUNSELING, EMERGENCY FOOD/UTILITIES/RENTAL ASSISTANCE, APPLICATION/BENEFITS ASSISTANCE, SUBSTANCE ABUSE COUNSELING, INSURANCE/HEALTHCARE REFERRALS, TRANSPORTATION AND EXERCISE AND WELLNESS. ONGOING SCHEDULED MONTHLY ACTIVITIES INCLUDED: ARTS AND CRAFTS, CREATIVE WRITING, HOMEWORK HELP, CHESS CLUB, BINGO, TECH DAYS, AND COMMUNITY WELLNESS.THE SERVICE COORDINATOR PUBLISHED A MONTHLY NEWSLETTER WITH MANY HELPFUL RESOURCES (INCLUDING: SCHOOL AND CHILDCARE RESOURCES, EMERGENCY AND JOB RESOURCES, MEDICAL AND DENTAL RESOURCES, FOOD RESOURCES) FOR RESIDENT SELF-REFERRALS. THE SERVICE COORDINATOR PARTNERED WITH DIANA GREGORY OUTREACH SERVICES/GREGORY'S FRESH MARKET WHO PROVIDED MONTHLY DELIVERY OF FRESH FRUITS AND VEGETABLES FOR RESIDENTS AT BROADWAY HOUSE. BROADWAY HOUSE APARTMENTS DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEX, FAMILIAL STATUS, DISABILITY OR NATIONAL ORIGIN. LANGUAGE ASSISTANCE IS AVAILABLE FOR THOSE WHO ARE LIMITED IN THEIR ENGLISH PROFICIENCY (LEP). 843953 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 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 24 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X NANCY BILLS - BILTMORE PROPERTIES 6029970013 2330 W MISSION LANE STE 10 PHOENIX AZ 85021 X X DR WARREN STEWART SR CHAIRPERSON 0.30 X X 0 0 0 RALPH D THOMPSON II VICE CHAIR 0.30 X X 0 0 0 DEBORAH A LONG SECRETARY 0.30 X X 0 0 0 WINSTON C LYONS DIRECTOR 0.30 X 0 0 0 DR LOTTIE LECIAN DIRECTOR 0.30 X 0 0 0 CHARMAINE WOODS DIRECTOR 0.30 X 0 0 0 FLORENCE WILHIGHT DIRECTOR 0.30 X 0 0 0 0 0 0 0 0 0 0 BILTMORE PROPERTIES INC 2330 WEST MISSION LANE SUITE 10 PHOENIX AZ 85021 SEE SCHEDULE O 251793 1 RENTAL REVENUE 623990 1128886 1128886 FEES 811000 15597 15597 LAUNDRY/VENDING 812300 3982 3982 1148465 3891 3891 1152356 1148465 0 3891 144431 140383 4048 31038 30168 870 14088 13693 395 47040 47040 1822 1822 29598 29598 57899 57899 27603 27603 262862 262862 58937 58937 38992 38992 38539 38539 REPAIRS AND MAINTENANCE 131790 131790 TAXES & FEES 43350 43350 70160 27340 42820 998149 843953 154196 0 169825 201364 449543 470419 17346 26188 2918 2859 3147173 2768565 401545 378608 638576 707655 1679753 1787093 112893 91818 4410 1949 13951 16566 956914 930968 1088168 1041301 X 591585 745792 591585 745792 1679753 1787093 154207 0 X 0 1 X 0 1 1 X 1015302 1051821 1072824 1099119 1148465 5387531 1015302 1051821 1072824 1099119 1148465 5387531 0 160968 189017 197024 200632 202704 950345 160968 189017 197024 200632 202704 950345 4437186 178 138 126 303 3891 4636 178 138 126 303 3891 4636 1015480 1051959 1072950 1099422 1152356 5392167 0.82290 0.82420 0.00090 0.00020 X 0 1 X 56075 56075 2451604 2205026 246578 387039 329655 57384 36490 17919 18571 215965 215965 0 378608 TENANT DEPOSITS HELD IN TRUST 20506 ESCROW DEPOSITS 210116 REPLACEMENT RESERVES 477033 707655 X 1169005 16649 16649 1152356 0 1152356 1014798 16649 16649 998149 0 998149 PART IV, LINE 2B: THE ORGANIZATION HOLDS DEPOSITS HELD IN TRUST FOR ITS RESIDENTS. THE AMOUNTS HELD FOR RESIDENTS ARE REPORTED ON FORM 990, PART X, LINES 15 AND 21. PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITION TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT 16,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT 16,649. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF THE ORGANIZATION HAS AGREED THAT ALL MANAGEMENT SERVICES AND OVERSIGHT OF THE ORGANIZATION SHALL BE DONE BY BILTMORE PROPERTIES, INC. BILTMORE PROPERTIES, INC. HAS AGREED TO MANAGE ALL RENTAL OPERATIONS FOR A SPECIFIC FEE PER MONTH. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS LIMITED TO INDIVIDUALS WHO ARE EITHER 1) TRUSTEES OF THE FIRST INSTITUTIONAL BAPTIST CHURCH OF PHOENIX (WHO AUTOMATICALLY BECOME MEMBERS) OR 2) MEMBERS OF THE FIRST INSTITUTIONAL BAPTIST CHURCH OF PHOENIX WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF THE FIRST INSTITUTIONAL BAPTIST CHURCH OF PHOENIX. FORM 990, PART VI, SECTION A, LINE 7A ONLY MEMBERS OF THE ORGANIZATION MAY SERVE AS DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY DIRECTORS WITH A 10% OR GREATER GOVERNANCE INTEREST MUST BE APPROVED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE ORGANIZATION MAY NOT DISSOLVE OR CONVERT TO ANOTHER FORM OF ENTITY WITHOUT THE WRITTEN CONSENT OF HUD. THE ORGANIZATION MAY NOT MAKE ANY OF THE FOLLOWING CHANGES TO ITS ARTICLES OF INCORPORATION WITHOUT WRITTEN AUTHORIZATION FROM HUD: - ANY AMENDMENT THAT EXTENDS THE TERM OF THE ORGANIZATION - ANY AMENDMENT THAT ACTIVATES THE REQUIREMENT THAT A HUD PREVIOUS PARTICIPATION CERTIFICATION BE OBTAINED FROM ANY ADDITIONAL MEMBER, SHAREHOLDER, DIRECTOR OR OFFICER; - ANY AMENDMENT THAT IN ANY WAY AFFECTS THE HUD LOAN DOCUMENT - ANY AMENDMENT THAT WOULD AUTHORIZE A MEMBER, SHAREHOLDER, DIRECTOR, OR OFFICER OTHER THAN THE MANAGER OR PRE-APPROVED SUCCESSOR MANAGER, SHAREHOLDER, DIRECTOR, OR OFFICER TO BIND THE ORGANIZATION FOR ALL MATTERS CONCERNING THE PROPERTY WHICH REQUIRES HUD'S CONSENT OR APPROVAL; - A CHANGE IN THE MANAGER, SHAREHOLDER, DIRECTOR, OR OFFICER OR PRE-APPROVED SUCCESSOR MANAGER, SHAREHOLDER, DIRECTOR OR OFFICER OF THE ORGANIZATION; - ANY CHANGE IN A GUARANTOR OF ANY OBLIGATION TO HUD; - SO LONG AS HUD, OR HUD'S SUCCESSORS OR ASSIGNS, IS THE INSURED OR HOLDER OF A NOTE ON A PROJECT, NO PROVISION WHICH HAS BEEN REQUIRED BY HUD TO BE INSERTED INTO AND MADE A PART OF THIS AGREEMENT MAY BE AMENDED WITHOUT THE PRIOR WRITTEN CONSENT OF HUD, INCLUDING, WITHOUT LIMITATION, ALL OF THE TERMS AND CONDITIONS OF THE ARTICLES OF AMENDMENT DATED NOVEMBER 2, 2007. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO BILTMORE PROPERTIES, INC. AND THE CHAIR OF THE BOARD FOR THE INITIAL REVIEW. ONCE THE FORM 990 IS IN FINAL DRAFT, EACH BOARD MEMBER WILL HAVE THE OPPORTUNITY TO REVIEW A COPY OF THE FORM 990 PRIOR TO FILING THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE COVERED UNDER THE POLICY. THE SECRETARY HAS THE FORMS ON FILE TO SHARE WITH THE BOARD. THE FORMS ARE REVIEWED AT THE BOARD MEETING BY ALL BOARD MEMBERS TO DETERMINE IF A CONFLICT EXISTS. NO CONFLICTS EXIST AT THE TIME, THEREFORE NO RESTRICTIONS ARE IMPOSED. FORM 990, PART VI, SECTION B, LINE 15 AS THE ORGANIZATION DOES NOT HAVE A TOP MANAGEMENT OFFICIAL AND DOES NOT COMPENSATE INDIVIDUALS SERVING AS OFFICERS, THE BOARD DOES NOT HAVE A PROCESS FOR APPROVING COMPENSATION. THE BOARD DOES HAVE A PROCESS FOR ENGAGING A MANAGEMENT COMPANY TO OVERSEE THE OPERATIONS OF THE ORGANIZATION. THIS PROCESS INCLUDES EVALUATION AND APPROVAL OF A MANAGEMENT COMPANY THAT WILL MEET THE NEEDS OF THE ORGANIZATION. THE BOARD REVIEWS AND APPROVES THE RATES TO BE PAID TO THE MANAGEMENT COMPANY AND THE TIME PERIOD OF THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION B, LINE 1: FEES PAID TO BILTMORE PROPERTIES, INC. FOR THE YEAR ENDING JUNE 30,2024 WERE AS FOLLOWS: MANAGEMENT FEES - $47,040 EXPENSE REIMBURSEMENT FOR PAYROLL AND CENTRALIZED FUNCTIONS - $204,753 FORM 990, PART V, LINE 2A: EMPLOYEES ARE EMPLOYED BY AN OUTSIDE AGENCY. NO FEDERAL OR STATE REPORTING IS DONE BY THIS ORGANIZATION. FIRST INSTITUTIONAL BAPTIST CHURCH OF PHOENIX 1141 E JEFFERSON ST PHOENIX AZ 85034 237260292 CHURCH AZ 501(C)(3) LINE 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0