2025-11-17T09:05:17-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 990 2024-01-01 341885473 WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY INC WEST 2162713010 8120 KINSMAN ROAD CLEVELAND OH 44104 JEFFERY K PATTERSON PRESIDENT 2162713010 2025-11-17 1 0 RENEE BEAVER P00167058 2162989000 2024 2025-03-06 01:10:19Z JEFFERY K PATTERSON 8120 KINSMAN ROAD CLEVELAND OH 44104 24503226 0 X N/A X 1998 OH THE FORMATION OF THE COMPANY IS FOR THE AID IN PLANNING, UNDERTAKING, CONSTRUCTION AND OPERATION OF HOUSING PROJECTS WITHIN CUYAHOGA COUNTY, OHIO. 5 0 0 0 0 0 0 0 7554103 21816676 63552 90957 2043273 2595593 9660928 24503226 0 0 0 0 2220601 2062426 0 0 0 7397907 9621112 9618508 11683538 42420 12819688 73909759 88372078 16878645 17802199 57031114 70569879 THE FORMATION OF THE COMPANY IS FOR THE AID IN PLANNING, UNDERTAKING, CONSTRUCTION AND OPERATION OF HOUSING PROJECTS WITHIN CUYAHOGA COUNTY, OHIO. IT WAS FORMED TO DEVELOP LOW AND MODERATE INCOME HOUSING IN TARGET NEIGHBORHOODS IN CUYAHOGA COUNTY. 0 0 10481119 24412269 TO DEVELOP LOW AND MODERATE INCOME HOUSING IN TARGET NEIGHBORHOODS IN CUYAHOGA COUNTY. 10481119 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 OH X X CUYAHOGA METROPOLITAN HOUSING AUTHORITY 2164325455 8120 KINSMAN ROAD CLEVELAND OH 44104 INDIA PIERCE LEE TRUSTEE 0.00 X 0 0 0 MELODIE SANDERS TRUSTEE 0.00 X 0 0 0 MICHAEL SCHOOP TRUSTEE 0.00 X 0 0 0 STEPHANIE POPE-EARLEY CHAIRPERSON 0.00 X 0 0 0 JOSEPH BLACK VICE CHAIRPERSON 0.00 X 0 0 0 JEFFREY PATTERSON PRESIDENT 1.00 X 0 306406 50669 CLYDE TRUETT JR TREASURER 1.00 X 0 152250 47992 JEFFREY WADE VICE PRESIDENT 1.00 X 0 196473 55590 RACHEL LOEWY SECRETARY 1.00 X 0 132401 28129 0 787530 182380 0 0 1 0 0 DEVELOPER FEE INCOME 532000 14649358 14649358 HUD PHA OPERATING GRANTS 532000 4612292 4612292 NET RENTAL REVENUE 532000 2555026 2555026 21816676 90957 90957 OTHER REVENUE 532000 2595593 2595593 2595593 24503226 24412269 0 90957 1673514 1339624 333890 144483 144483 244429 244429 339650 339650 165989 46636 119353 142121 39930 102191 896930 252000 644930 650053 650053 415081 415081 607628 607179 449 245934 244328 1606 REPAIRS AND MAINTENANCE 2001464 2001464 TAX PASSTHROUGH LOSSES 1916901 1916901 UTILITIES 1353437 1353437 BAD DEBTS 506442 506442 379482 379482 11683538 10481119 1202419 0 12726239 9824728 21116900 36097496 16578553 16578553 108918 107015 108368 29076193 15014295 11912526 14061898 10597816 9991151 761792 1709884 73909759 88372078 1688890 2530585 512222 964689 14549046 14182141 128487 124784 16878645 17802199 X 57031114 70569879 57031114 70569879 73909759 88372078 X 12819688 719077 X X 0 1 X 1 0 X 4236895 4272129 4656759 4558607 4612292 22336682 4236895 4272129 4656759 4558607 4612292 22336682 22336682 9616498 12133646 6825779 3059048 17295341 48930312 1068469 1302855 10073035 2043273 2595593 17083225 88350219 0.25280 0.28000 X WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY, INC. IS A NONPROFIT ORGANIZATION UNDER IRS SECTION 501(C)(3). IN EVERY YEAR OF STANDARD OPERATIONS, THE ORGANIZATION RECEIVES MORE THAN 33.33 PERCENT OF ITS SUPPORT FROM GOVERNMENTAL AGENCIES. HOWEVER, THE ORGANIZATION'S DEBT WAS FORGIVEN DURING 2022, WHICH HAS SKEWED THE CUMULATIVE PERCENTAGE. ADDITIONALLY, THE ORGANIZATION EARNED A SIGNIFICANT DEVELOPER FEE IN 2021, WHICH HAS SKEWED THE CUMULATIVE PERCENTAGE. THE ORGANIZATION MEETS THE FACTS AND CIRCUMSTANCES TEST IN THAT ITS REVENUE IN ALL YEARS BESIDES 2022 AND 2021 EXCEEDS THE 33.33 PERCENT THRESHOLD. TO THAT END, THE ORGANIZATION CONTINUES TO FILE AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3). 24595107 13589582 11005525 667977 290539 377438 1170073 1134174 35899 2643036 2643036 14061898 RIVERSIDE PARK HOMES, INC 8792342 C WRRMC INTERGENERATIONAL HOUSING, INC. 261109 C MILES POINTE GP, INC. 185536 C BOHN TOWER GP, INC. 225091 C GARDEN VALLEY REDEVELOPMENT, LLC -1141889 C CLEVELAND EAST, LLC 725854 C CARVER PARK PHASE I GP, LLC -10054 C CARVER PARK PHASE II GP, LLC -4593 C RIVERSIDE PARK PHASE II GP, LLC -7732 C RIVESIDE PARK PHASE III GP, LLC -9811 C CEDAR REDEVELOPMENT, LLC 730169 C WOODHILL HOMES MM LLC 245074 C WOODHILL HOMES II MM LLC 4 C WOODHILL HOMES STATION EAST MM LLC 51 C 9991151 TENANT SECURITY DEPOSITS PAYABLE 124784 124784 24503226 0 24503226 0 24503226 9766637 0 9766637 1916901 1916901 11683538 PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX PASSTHROUGH LOSSES 1,916,901. 0 0 0 0 0 0 0 0 0 JEFFREY PATTERSON PRESIDENT 0 306406 0 0 0 0 0 0 0 0 0 306406 0 0 JEFFREY WADE VICE PRESIDENT 0 196473 0 0 0 0 0 0 0 0 0 196473 0 0 CLYDE TRUETT JR TREASURER 0 152250 0 0 0 0 0 0 0 0 0 152250 0 0 FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF THE BOARD OF TRUSTEES THAT PRIOR TO THE SUBMISSION OF THE ANNUAL FORM 990 TO THE INTERNAL REVENUE SERVICE, A COPY IS PROVIDED TO EACH TRUSTEE FOR HIS OR HER REVIEW. QUESTIONS AND COMMENTS CONCERNING THE FORM 990 SHOULD BE ADDRESSED TO THE PRESIDENT. THE PRESIDENT WILL HAVE NECESSARY REVISIONS, IF ANY, MADE TO FORM 990 BASED ON THE BOARD OF TRUSTEES INPUT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTIONS 1,317,000. DISTRIBUTIONS -843,070. CONTRIBUTIONS - WOODHILL 245,147. FORM 990 PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAVE BEEN NO CHANGES IN THIS PROCESS IN THE TAX YEAR. ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) WOODHILL HOMES MM LLC WOODHILL REDEVELOPMENT LLC 8120 KINSMAN ROAD CLEVELAND, OH 44104 EMPLOYER IDENTIFICATION NUMBER: 61-1953125 FOR THE YEAR ENDING DECEMBER 31, 2024 WOODHILL HOMES MM LLC IS 49% OWNED BY WOODHILL REDEVELOPMENT LLC WHICH IS 100% OWNED BY WESTERN RESERVE REVITALIZATION AND MNAGEMENT COMPANY, INC., A NONPROFIT INSTRUMENTALITY OF CMHA. WOODHILL HOMES MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAXEXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX- EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) WOODHILL STATION EAST MM LLC WOODHILL REDEVELOPMENT LLC 8120 KINSMAN ROAD CLEVELAND, OH 44104 EMPLOYER IDENTIFICATION NUMBER: 87-1608143 FOR THE YEAR ENDING DECEMBER 31, 2024 WOODHILL STATION EAST MM LLC IS 49% OWNED BY WOODHILL REDEVELOPMENT LLC WHICH IS 100% OWNED BY WESTERN RESERVE REVITALIZATION AND MNAGEMENT COMPANY, INC., A NONPROFIT INSTRUMENTALITY OF CMHA. AS SUCH, WOODHILL STATION EAST MM LLC IS CONSIDERED A TAX- EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). WOODHILL STATION EAST MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX- EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX- EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURETAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. ELECTION PURSUANT TO IRC SECTION 168(H)(6)(F)(II) WOODHILL HOMES II MM LLC WOODHILL REDEVELOPMENT LLC 8120 KINSMAN ROAD CLEVELAND, OH 44104 EMPLOYER IDENTIFICATION NUMBER: 85-3103360 FOR THE YEAR ENDING DECEMBER 31, 2024 WOODHILL HOMES II MM LLC IS 49% OWNED BY WOODHILL REDEVELOPMENT LLC WHICH IS 100% OWNED BY WESTERN RESERVE REVITALIZATION AND MNAGEMENT COMPANY, INC., A NONPROFIT INSTRUMENTALITY OF CMHA. WOODHILL HOMES II MM LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAXEXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX- EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. 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