2015-08-29T08:40:32-05:00 2014-12-31 COHNREZNICK LLP 525 N TRYON STREET SUITE 1000 CHARLOTTE NC 28202 990 2014-01-01 680378673 COUNTRYWOOD HOUSING CORPORATION F/K/A KENNETH ARMS HOUSING CORPORATION % STEVE SPEARS COUN 3038303300 1999 BROADWAY SUITE 1000 Suite Denver CO 80202 FRED LOHSE PRESIDENT 3038303300 2015-08-17 true KATHY BLACKBURN P00450629 7043329100 2014 2016-02-25 16:41:14Z FRED LOHSE 1999 BROADWAY SUITE 1000 DENVER CO 80202 475459 false X WWW.MERCYHOUSING.ORG X 1996 CA TO CONSTRUCT, OPERATE, MAINTAIN, OR LEASE ANY REAL ESTATE AND PERSONAL PROPERTY NECESSARY AND INCIDENT TO THE PROVISION OF HOUSING FOR LOWER INCOME HOUSEHOLDS. 1 1 0 0 0 0 454316 475291 100 168 0 0 454416 475459 0 0 0 0 34885 33784 0 0 0 509690 506490 544575 540274 -90159 -64815 1921289 1809267 1873472 1826265 47817 -16998 TO CONSTRUCT, OPERATE, MAINTAIN, OR LEASE ANY REAL ESTATE AND PERSONAL PROPERTY NECESSARY AND INCIDENT TO THE PROVISION OF HOUSING FOR LOWER INCOME HOUSEHOLDS. false false 379933 475291 COUNTRYWOOD HOUSING CORPORATION WAS ORGANIZED ON FEBRUARY 21, 1996 AS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 542(C) OF THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1992 (THE RISK-SHARING PROGRAM). SUCH PROJECTS ARE REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE CALIFORNIA HOUSING FINANCE AGENCY OVERSEES ADHERENCE TO HUD REGULATIONS THROUGH THE RISK-SHARING PROGRAM. THE PROJECT WAS PURCHASED IN DECEMBER 2002, CONSISTS OF 65 UNITS, AND IS CURRENTLY OPERATING UNDER THE NAME OF COUNTRYWOOD APARTMENTS LOCATED IN LINDA, CALIFORNIA. 379933 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 1 1 false false false false true true true true true false false true true true true true true true true false CA X X STEVE SPEARS 3038303300 1999 BROADWAY SUITE 1000 DENVER CO 80202 X FRED LOHSE PRESIDENT/Director 1.0 0.0 X X 0 0 0 GREG SPARKS VICE PRESIDENT 1.0 0.0 X 0 0 0 JENNIFER DOLIN SECRETARY 1.0 0.0 X 0 105238 16257 0 105238 16257 0 false false false 0 X 0 RENTAL REVENUE 531110 467630 467630 OTHER INCOME 531110 7661 7661 475291 168 168 0 0 0 0 0 0 0 0 0 0 475459 475291 168 0 0 0 0 0 0 33784 33784 0 0 0 32760 32760 35175 35175 15915 15915 0 0 0 0 0 12223 12223 0 0 0 0 0 1316 1316 22437 22437 0 112061 112061 44970 44970 OPERATING & MAINTENANCE 124786 124786 UTILITIES 53543 53543 ADMINISTRATIVE RENT FREE UNIT 7512 7512 OTHER RENTING EXPENSES 3396 3396 40396 22136 18260 540274 379933 160341 0 X 2904 3806 0 0 0 0 4141 2476 0 0 0 0 0 0 0 0 22845 20869 2955553 1286381 1779330 1669172 0 0 0 0 0 0 17767 15864 94302 97080 1921289 1809267 110294 113485 0 0 8480 7362 0 0 0 0 0 0 1740455 1691362 0 0 14243 14056 1873472 1826265 X 47817 -16998 0 0 0 0 47817 -16998 1921289 1809267 -64815 X false true X true true true X X 1 RURAL CALIFORNIA HOUSING CORPORATION 941679545 09 true 0 0 1 true false false false false false false false false false false false false false false false true false 64683 64683 2777562 1173073 1604489 2349 2349 0 110959 110959 0 1669172 TENANT DEPOSITS 14551 ESCROW DEPOSITS 16385 RESERVE FOR REPLACEMENTS 66144 97080 0 RESIDENT SECURITY DEPOSITS 14056 14056 X 475459 475459 475459 540274 540274 540274 FIN 48 part x, question 2 The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the years ended December 31, 2014 and 2013. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open. PART VI SECTION A #6: Rural California Housing Corporation, a California nonprofit corporation, is the sole member and is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986. #7 A & B: The Board of Directors of Rural California Housing Corporation, as sole member of COUNTRYWOOD HOUSING CORPORATION, has authority over COUNTRYWOOD HOUSING CORPORATION in various aspects of operations and management. The reserved rights held by the Rural California Housing Corporation of Directors, which may be further delegated to the Executive Director of Rural California Housing Corporation, include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers. PART VI SECTION B #11B: Form 990 is submitted to all board members prior to submission, along with request for comments. A formal meeting by phone with the board chair and available officers is held to review form 990 prior to submission. Comments and quesions are addressed prior to the form 990 being filed. If no comments are received the form 990 is filed. Consent of the form 990 by all board members is given at the September board meeting. #12C: The Board of Directors of Rural California Housing Corporation reviews ANNUALLY the Conflict of Interest disclosures and determines whether any action is required. #15B: Periodically Rural California Housing Corporation Board of Directors will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the Organization. PART VI SECTION C #19: Governing documents, conflict of interest policy and financial statements are made available to the public upon request. PART XII #2b: The Organizations financial statements are audited in accordance with generally accepted accounting principles. #2c: Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Rural California Housing Corporation Board of Directors. Rural California Housing Corporation, is the sole member of COUNTRYWOOD HOUSING CORPORATION. #3: The Organization received federal loans or awards and accordingly was included in the Single Audit Act and OMB Circular A-133 audit. CORNERSTONE FOLSOM GARDENS CORP I 613 STAFFORD ST FOLSOM CA 95630 680340842 low-inc hsng CA 501 (c) (3) NA false CORNERSTONE FOLSOM GARDENS CORP II 713 STAFFORD ST FOLSOM CA 95630 680340843 low-inc hsng CA 501 (c) (3) NA false CREATIVE ALTERNATIVES SENIOR CITIZENS OP 276 CALIFORNIA ST SAN ANDREAS CA 95249 770030850 low-inc hsng CA 501 (c) (3) NA false DIAMOND SUNRISE CORP 4015 PANTHER LANE DIAMOND SPRINGS CA 95619 942747276 low-inc hsng CA 501 (c) (3) NA false DIAMOND SUNRISE CORP II 4015 PANTHER LANE DIAMOND SPRINGS CA 95619 low-inc hsng CA 501 (c) (3) NA false HISTORIC LIVE OAK ASSOCIATES 3120 FREEBOARD DR SUITE 202 WEST SACRAMENTO CA 95691 943299035 low-inc hsng CA 501 (c) (3) NA false LANCE HOUSING CORP 4828 EL CAMINO AVE CARMICHAEL CA 95608 680374003 low-inc hsng CA 501 (c) (3) NA false LAND PARK WOODS INC 3120 FREEBOARD DR SUITE 202 WEST SACRAMENTO CA 95691 low-inc hsng CA 501 (c) (3) NA false NORTHERN CALIFORNIA HOUSING CORP 3120 FREEBOARD DR SUITE 202 WEST SACRAMENTO CA 95691 low-inc hsng CA 501 (c) (3) NA false TRUCKEE RIVERVIEW HOUSING ASSOCIATES 11230 VILLAGE WAY TRUCKEE CA 96161 943300833 low-inc hsng CA 501 (c) (3) NA false WHEATLAND DUPLEXES CORP 5903 LOWE AVE MARYSVILLE CA 95901 680292259 low-inc hsng CA 501 (c) (3) NA false WHEATLAND DUPLEXES ASSOCIATES low-inc hsng CA NA RELATED false false RCHC GP LLC 3120 FREEBOARD DR SUITE 202 WEST SACRAMENTO CA 95691 low-inc hsng CA 501 (c) (3) C CORP false false false false false false false false false false false false false false false false false false false false