2024-10-31T07:36:32-05:00 2023-12-31 991781118 EAG AFFORDABLE HOUSING LLC 4249 EASTON WAY STE 210 COLUMBUS OH 43219 990 2023-01-01 541540461 PETERSBURG COMMUNITY DEVELOPMENT CORPORATION INC PETE 8044206458 555 S SOUTH STREET PETERSBURG VA 23803 JAMES HENDRICKS PRESIDENT 8044206458 2024-10-30 1 0 TODD FENTRESS P01242481 6145281440 2024-10-29 2023 2024-10-15 13:58:12Z X PATRICK WILLIAMS 555 S SOUTH STREET PETERSBURG VA 23803 233027 0 X HTTPS://WWW.PETERSBURGCDC.COM X 1990 VA TO CULTIVATE DYNAMIC AND HEALTHY COMMUNITIES BY DEVELOPING AND OWNING AFFORDABLE HOUSING FOR FAMILIES, SENIORS, AND PEOPLE WITH DISABILITIES IN NEED OF ACCESS TO QUALITY HOUSING OPPORTUNITIES. 4 3 0 1 0 0 22200 0 0 0 0 0 10000 233027 32200 233027 0 0 0 0 25000 25000 0 0 0 194335 367438 219335 392438 -187135 -159411 697855 1068746 447962 749948 249893 318798 TO CULTIVATE DYNAMIC AND HEALTHY COMMUNITIES BY DEVELOPING AND OWNING AFFORDABLE HOUSING FOR FAMILIES, SENIORS, AND PEOPLE WITH DISABILITIES IN NEED OF ACCESS TO QUALITY HOUSING OPPORTUNITIES. 0 0 359640 233027 TO ERECT OR REHABILITATE AFFORDABLE HOUSING AND PROVIDE ASSISTANCE IN EDUCATING HOMEOWNERS. 359640 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 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 1 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 X AMY BROWN 2406830300 1375 PICCARD DRIVE SUITE 375 ROCKVILLE MD 20850 JAMES R HENDRICKS PRES./SEC./TREAS. 5.00 X X 10000 0 0 ALAN YELLOWITZ DIRECTOR 2.00 X 5000 0 0 JAMIE R O'CONNOR DIRECTOR 2.00 X 5000 0 0 BETH C SILVERMAN DIRECTOR 2.00 X 5000 0 0 ALEXANDER C GRAHAM JR ASSISTANT SECRETARY 2.00 X 0 0 0 25000 0 0 0 0 0 0 0 OTHER INCOME 531110 233027 233027 233027 233027 233027 0 0 25000 20000 5000 124530 99624 24906 GENERAL AND ADMINISTRAT 242908 240016 2892 392438 359640 32798 0 19322 12474 182014 162896 429033 826514 67486 66862 697855 1068746 148209 189609 299753 560339 447962 749948 X 249893 318798 249893 318798 697855 1068746 -159411 228316 0 X X 0 1 X 1 0 X 68400 138700 22200 0 229300 68400 138700 22200 229300 168736 60564 16901 0 16901 246201 786976 0.24600 0.23140 X THE ORGANIZATION IS ACTIVELY WORKING TO SECURE ADDITIONAL FUNDS FROM THE PUBLIC AND COMMUNITIES THEY SERVE.THE ORGANIZATION'S GOVERNING BODY CONSISTS OF LEADERS WITH AN ESTABLISHED HISTORY OF REPRESENTING AND IMPROVING THE COMMUNITIES THEY SERVE. THE GOVERNING BODY'S COMMITMENT TO REPRESENTING THE BOARD INTEREST OF THE GENERAL PUBLIC HAS BEEN PROVEN BY THEIR YEARS OF SERVICE TO THE NON-PROFIT AFFORDABLE HOUSING SECTOR AS WELL AS THEIR BACKGROUND OF SERVING A DIVERSE RANGE OF OTHER CHARITABLE ORGANIZATIONS.THE ORGANIZATION PROVIDES FACILITIES THAT ARE AVAILABLE TO LOW-INCOME FAMILIES OF THE PUBLIC. THEIR DEVELOPMENT OF FEDERALLYASSISTED AFFORDABLE HOUSING HAS BEEN PROVIDED BY THE ORGANIZATION ON A CONTINUOUS BASIS AND GREATLY BENEFITS THESE COMMUNITIES. 0 INVESTMENT IN BRANDY SPRING, LP 125082 C INVESTMENT IN LAKE STREET APARTMENTS, LP 73834 C INVESTMENT IN PARKVIEW APARTMENTS PARTNERSHIP 43765 C INVESTMENT IN WASHINGTON STREET APARTMENTS, LP 84426 C INVESTMENT IN WOODSTOCK VILLAGE LTD. 425145 F INVESTMENT IN CARROLLTOWNE VILLAGE DEVELOPMENT, LLC 29 C INVESTMENT IN WRIGHT VILLAGE 74182 F INVESTMENT IN HENRY WILLIAMS 51 F 826514 ADVANCES TO DEVELOPMENT PROJECTS 66862 66862 X PART X, LINE 2: THE ORGANIZATION APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE OTHER ENTITIES HAVE FILED ELECTIONS WITH THE INTERNAL REVENUE SERVICE TO NOT BE TREATED AS A TAX-EXEMPT ENTITY, AND TO FILE INCOME TAX RETURNS AS A CORPORATION. THE ORGANIZATION IS REQUIRED TO AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THESE PROVISIONS CLARIFY THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S POLICY WITH REGARD TO INTEREST AND PENALTIES IS TO RECOGNIZE INTEREST EXPENSE AND PENALTIES THROUGH EXPENSE. IN EVALUATING THE ORGANIZATION'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, AND THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE ORGANIZATION BELIEVES ITS ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS IDENTIFIED NO UNCERTAIN INCOME TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 8B N/A - NO SUCH COMMITTEES EXISTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY KEY MEMBERS OF THE ORGANIZATION PRIOR TO SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, THE POLICY IS RE-AFFIRMED IN WRITING AND, IF ANYONE CANNOT SIGN OFF A DISCUSSION AS TO THE REASON ENSUES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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