2019-11-15T15:04:52-06:00 2018-12-31 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2018-01-01 742499923 Jeffco Housing Corporation JEFF 3034228600 7490 West 45th Avenue Wheat Ridge CO 80033 Lori Rosendahl Executive Director 3034228600 2019-11-13 1 Kim Hunwardsen CPA P00484560 2083447150 2019-11-12 216.147.181.48 2019-11-13 12:36:54 MS P 2B782B8CDA302D837378D983895D3BFD08CC33BD 7D5E79AA594DF6790A2A531523F833BDBFE4B41A 2018 2020-03-31 21:24:44Z Lori Rosendahl 7490 West 45th Avenue Wheat Ridge CO 80033 2698592 0 X N/A X 1988 CO Created for the development of affordable rental apartments within Jefferson County, Colorado. 5 5 0 5 0 0 23516 8333 2253698 2314970 49357 299634 0 0 2326571 2622937 0 0 0 0 276931 324847 0 0 0 1786677 1733213 2063608 2058060 262963 564877 10998543 11494421 6815342 6746343 4183201 4748078 Jeffco Housing Corporation is a non-profit housing corporation created for the development of affordable rental apartments within Jefferson County, Colorado. Jeffco Housing Corporation utilizes resources that are unavailable to Jefferson County Housing Authority. 0 0 1901980 2314970 The organization's exempt purpose achievements are to acquire and repair homes and apartments in need of substantial rehabilitation work and to rent the apartments to low income families. 1901980 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 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 30 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 X Amy Case 3034228600 7490 West 45th Avenue Wheat Ridge CO 80033 Christopher Yancy President 1.00 X X 0 0 0 Margaret Considinc Vice President 1.00 X X 0 0 0 Tony Oum Trustee 1.00 X 0 0 0 Amy Agnew Trustee 1.00 X 0 0 0 Aaron Azari Trustee 1.00 X 0 0 0 Lori Rosendahl Executive Director/Secretary 10.00 X 197864 0 21902 197864 0 21902 1 0 0 1 Stonebrook Exterior 960 W 12th Ave Thornton CO 80234 Construction Services 354203 1 8333 8333 Tenant Rent 531110 1638555 1638555 Operating subsidy 531110 580716 580716 Laundry and Claims Rev 531110 95340 95340 359 359 2314970 52816 52816 322473 75655 246818 246818 246818 2622937 2314970 0 299634 236169 236169 451 451 66202 66202 22025 22025 2037 2037 27131 27131 125026 33 124993 38893 38893 2561 2561 550572 550572 9882 9882 2840 921 1919 183432 183432 338494 338494 99759 99759 Repairs and Maintenance 345075 345075 Bad Debt 6180 6180 Tenant Services 1248 1248 Misc Taxes, Licenses & 83 83 2058060 1901980 156080 0 651276 795601 12536 108347 1240000 1240000 1511 3190 13884684 5798952 7919998 8085732 547362 541005 625860 720546 10998543 11494421 45753 67441 66387 63939 5134417 4771666 1568785 1843297 6815342 6746343 X 4183201 4748078 4183201 4748078 10998543 11494421 564877 0 X 0 1 X 1 0 X 459957 452270 7556 23516 8333 951632 1749796 1635480 2158379 2253698 2314970 10112323 2209753 2087750 2165935 2277214 2323303 11063955 0 0 0 11063955 52428 52389 52256 52138 52816 262027 52428 52389 52256 52138 52816 262027 195934 195934 2458115 2140139 2218191 2329352 2376119 11521916 0.96030 0.95020 0.02270 0.02910 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Income - 2014 Amount: $ 195,934. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2048525 2048525 10773266 5110426 5662840 885216 617557 267659 177677 70969 106708 8085732 Interest Receivable - Lewis Court 385328 Tenant Security Deposits 70924 Due from Jefferson County Housing Authority 153903 Insurance Proceeds Receivable 110391 720546 Due to Jefferson County Housing Authority 1843297 1843297 X 2376119 0 2376119 246818 246818 2622937 2058060 0 2058060 0 2058060 Part IV, Line 2b: The organization holds tenant security deposits. Part X, Line 2: The Corporation is organized as a Colorado nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as organizations described in IRC Section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. The Corporation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Corporation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. The Corporation determined that it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. Part XI, Line 4b - Other Adjustments: Gain on Involuntary Conversion of Property and Equipment 267,580. Loss on Disposal of Property and Equipment -20,762. 0 0 0 0 0 0 0 0 0 Lori Rosendahl Executive Director/Secretary 184105 0 13528 0 231 0 13309 0 9296 0 220469 0 0 0 SCHEDULE J, PART II, Compensation from Unrelated Organization: The Organization's Executive Director, Lori Rosendahl, is compensated by Jefferson County Housing Authority, an unrelated organization. Approximately 11% of Lori's salary is allocated to Jeffco Housing Corporation. In 2018, $22,120 in compensation and $2,354 in benefits were reported as Salary and Benefits expense on Form 990, Part IX for Lori's services to the Organization. 2018 calendar year compensation and employer provided benefits for Lori Rosendahl, Executive Director, is as follows: Compensation: $197,864 Pension: 13,309 Nontaxable Benefits: 8,592 Nontaxable Life: 704 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 After the return is prepared by the tax accountant, the report is reviewed by the Jeffco Housing Corporation's Accountant, Executive Director, and Property Manager. Form 990, Part VI, Section B, line 12c The organization monitors and enforces compliance with the conflict of interest policy. All complaints should be reported to the Accountant or the Property Manager. If the preference is not to go to either of these individuals, the incident should be reported to the Organization's attorney. A retaliation complaint may be filed directly with either the Property Manager or the Jeffco Housing Corporation Board of Directors. The claim may be submitted anonymously; if the complaintant so chooses to submit an anonymous complaint, a written or typed complaint is sent the Jeffco Board of Directors. Form 990, Part VI, Section B, line 15 The Organization does not have employees. Compensation is determined and provided by Jefferson County Housing Authority, an unrelated organization. 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 written request.