2025-11-13T09:44:25-06:00 2024-12-31 205991824 SC&H GROUP INC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2024-01-01 541031421 RETIREMENT HOUSING CORPORATION RETI 7032812080 8500 TYSPRING STREET VIENNA VA 22182 DENNIS PFENNIG PRESIDENT 7032812080 2025-11-10 1 0 TRAVIS DANIEL P01289276 4104031500 2025-11-10 2024 2025-03-06 01:10:19Z X TYSONS TOWERS APARTMENTS DENNIS PFENNIG 7217 EVANSTON ROAD SPRINGFIELD VA 22150 6014988 0 X WWW.TYSONSTOWERS.NET X 1973 VA SEE ATTACHED SCHEDULE O 10 10 14 10 0 0 0 0 5313522 5409225 465592 588955 20601 16808 5799715 6014988 0 0 0 0 730455 840548 0 0 0 3456713 3571171 4187168 4411719 1612547 1603269 29656261 30951923 17353571 17045964 12302690 13905959 PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING. 0 0 4220630 5426033 PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING UNDER THE HUD PBRA RAD COMPONENT. 4220630 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 0 0 0 0 1 17 0 14 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 VA X POLINGER COMPANY 3016573600 5530 WISCONSIN AVE SUITE 1000 CHEVY CHASE MD 20815 X DENNIS J PFENNIG PRESIDENT 1.50 X X 0 0 0 MIMI DASH VICE-PRESIDENT 1.50 X X 0 0 0 KATHRYN A DAVIS SECRETARY/TREASURER 1.50 X X 0 0 0 KAREN BEASLEY SECRETARY/TREASURER (PART-YEAR), DIRECTOR 1.50 X X 0 0 0 ALLISON BATTY DIRECTOR 1.50 X 0 0 0 JANE MCDONALD DIRECTOR 1.50 X 0 0 0 KITTY REIP DIRECTOR 1.50 X 0 0 0 MARY GONZALEZ DIRECTOR 1.50 X 0 0 0 MICHAEL HAIRSTON DIRECTOR 1.50 X 0 0 0 SHIDA CHEN DIRECTOR 1.50 X 0 0 0 RICHARD KITCH BUILDING ENGINEER 40.00 X 109720 0 9794 109720 0 9794 1 0 0 0 POLINGER COMPANY 5530 WISCONSIN AVE SUITE 600 BETHESDA MD 20814 MANAGMENT FEES AND PAYROLL SERVICE 171799 RESTON LIMOUSINE SERVICE 45685 ELMWOOD CT STERLING VA 20166 SHUTTLE BUS SERVICES 142310 SECURITAS SECURITY SERVICES USA INC 1401 SOUTH CLARK STREET ARLINGTON VA 22202 SECURITY SERVICES 125485 SAF CLEANING SERVICES LLC 7010 LITTLE RIVER TURNPIKE SUITE 32 ANNANDALE VA 22003 CLEANING SERVICES 107878 4 RENTAL INCOME 531110 5409225 5409225 5409225 588955 588955 LAUNDRY, VENDING & CAB 531110 16734 16734 OTHER REVENUE 531110 74 74 16808 6014988 5426033 0 588955 X 678530 678530 11939 11939 98275 98275 51804 51804 171799 171799 10525 10525 19290 19290 6988 6988 2901 2901 72842 72842 2442895 2442895 7594 7594 816180 816180 9859 9859 SUPPLIES 7773 7773 MISCELLANEOUS 2525 2525 4411719 4220630 191089 0 X 1686318 2166863 15797 848813 59832 62914 29261780 11674308 18356250 17587472 9538064 10285861 29656261 30951923 204613 219456 26337 14454 125299 126926 16997322 16685128 17353571 17045964 X 12302690 13905959 12302690 13905959 29656261 30951923 1603269 0 X 0 1 X 1 1 1 X 4944416 5031617 5212642 5334123 5426033 25948831 4944416 5031617 5212642 5334123 5426033 25948831 0 0 0 25948831 16411 2508 94974 465592 588955 1168440 16411 2508 94974 465592 588955 1168440 4960827 5034125 5307616 5799715 6014988 27117271 0.95690 0.97540 0.04310 0.02460 X 0 1 X 374475 374475 26575807 10147457 16428350 25084 18186 6898 2286414 1508665 777749 17587472 TENANT SECURITY DEPOSITS 128505 MORTGAGE ESCROW - INSURANCE 53925 RESIDUAL RECEIPTS RESERVE 8173579 REPLACEMENT RESERVE 1855868 CONSTRUCTION IN PROGRESS 73984 10285861 X 6014988 0 6014988 0 6014988 4411719 0 4411719 0 4411719 PART IV, LINE 2B: THE AMOUNTS OF $126,926 AND $125,299 AS OF DECEMBER 31, 2024 AND 2023, RESPECTIVELY, REPRESENT ESCROW ACCOUNT OF TENANT SECURITY HELD IN TRUST. VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS, SINCE THE CORPORATION IS EXEMPT FROM TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). FORM 990, PART I, LINE 1 PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING. FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT IS MANAGED BY POLINGER COMPANY, AN UNRELATED PARTY. THE MANAGEMENT FEES ARE COMPUTED AT 3.5% OF GROSS RENTAL COLLECTIONS, PAYABLE MONTHLY FROM PROJECT FUNDS. THE AGREEMENT IS IN EFFECT BEGINNING ON JANUARY 1, 2022 AND SHALL REMAIN IN EFFECT UNTIL TERMINATED BY EITHER PARTY. FOR THE YEAR ENDED DECEMBER 31, 2024, PROPERTY MANAGEMENT FEES OF $171,799 WERE INCURRED AND PAID. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT TAX RETURN IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FINALIZING. DURING THE REVIEW PROCESS, THE BOARD OF DIRECTORS DISCUSS ANY QUESTIONS RESULTING FROM THE REVIEW. ONCE ALL THE QUESTIONS HAVE BEEN RESOLVED, THE TAX RETURN IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C AT EACH ANNUAL MEETING AND WHEN NEW DIRECTORS ARE ELECTED, A COPY OF THE CONFLICT-OF-INTEREST RESOLUTION IS DISTRIBUTED. EACH DIRECTOR AND/OR OFFICER ARE REQUIRED TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST ARE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: MORTGAGE INTEREST $ 1,046,449 CONTRACTS 235,162 REPAIRS & MAINTENANCE 538,817 PROPERTY & LIABILITY INSURANCE 112,887 UTILITIES 287,977 RENT 221,603 ___________ TOTAL OCCUPANCY EXPENSE $ 2,442,895 FORM 990, PART X, MORTGAGE AND REPLACEMENT RESERVE THE FAIRFAX EDUCATION ASSOCIATION RETIREMENT HOUSING REFINANCED THE MORTGAGE ON DECEMBER 20, 2016 IN ORDER TO GENERATE FUNDS TO REHABILITATE SEVERAL UNITS WITHIN THE PROJECT. THE CORPORATION WAS OBLIGATED UNDER THE TERMS OF A CONSTRUCTION LOAN TO VHDA, IN THE ORIGINAL AMOUNT OF $19,000,000. LOAN PROCEEDS WERE ADVANCED THROUGHOUT THE DURATION OF CONSTRUCTION. ON JUNE 21, 2019, THE CONSTRUCTION LOAN WAS CONVERTED TO A PERMANENT FIRST MORTGAGE. THE MORTGAGE BEARS INTEREST AT A NOMINAL RATE OF 5.94% PER ANNUM AND AN EFFECTIVE INTEREST RATE OF 6.11% PER ANNUM. INTEREST REDUCTION PAYMENTS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT WAS SUSPENDED DURING THE REHABILITATION OF THE PROPERTY AND RESUMED ON AUGUST 1, 2019 WITH THE CONVERSION OF THE CONSTRUCTION LOAN TO PERMANENT FINANCING AND WILL CONTINUE THROUGH SEPTEMBER 1, 2025. ANNUAL INTEREST REDUCTION SUBSIDY PAYMENTS FOR ARE NOT TO EXCEED $447,198 IN ANY GIVEN YEAR. IN ACCORDANCE WITH THE TERMS OF THE REGULATORY AGREEMENT, THE PROJECT IS REQUIRED TO FUND A REPLACEMENT RESERVE ACCOUNT WITH VHDA. THE REGULATORY AGREEMENT PROVIDES FOR MONTHLY DEPOSITS OF $7,149 AND REQUIRES WRITTEN AUTHORITY FROM VHDA FOR THE USE OF THE FUNDS FOR MAINTENANCE AND REPLACEMENT COSTS. AS OF DECEMBER 31, 2024, THE REPLACEMENT RESERVE BALANCE WAS $1,855,868.