2024-11-15T17:28:31-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 731397452 HOUSING PARTNERS OF TULSA C/O HOUSING AUTH OF THE CITY OF TULSA HOUS 9185820021 PO BOX 6369 TULSA OK 741480369 AARON DARDEN PRESIDENT 9185820021 2024-11-14 1 1 ROBERT WILLIAMS P01345960 2156433900 2024-11-14 2023 2024-10-15 13:58:12Z AARON DARDEN PO BOX 6369 TULSA OK 741480369 6762926 0 X N/A X 1991 OK TO PROVIDE A WIDE-RANGE OF AFFORDABLE HOUSING OPTIONS FOR LOW AND MODERATE INCOME TULSANS. 3 3 0 10 0 0 1724822 6642116 0 0 14657 83482 0 37328 1739479 6762926 60000 20000 0 0 42982 0 0 0 0 72997 125950 175979 145950 1563500 6616976 426233 5409890 31787 32234 394446 5377656 X TO PROVIDE A WIDE-RANGE OF AFFORDABLE HOUSING OPTIONS FOR LOW AND MODERATE INCOME TULSANS AND TO PROMOTE PROGRAMS LEADING TO SELF-SUFFICIENCY AND HOME OWNERSHIP. 0 1 144854 20000 0 HOUSING COUNSELING PROGRAM:THIS PROGRAM PROVIDES COUNSELING AND DOWN PAYMENT ASSISTANCE TO FIRST TIME HOME BUYERS FOR LOW-INCOME FAMILIES. 144854 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 1 0 1 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 OK X SONYA MCNACK 9185815760 415 E INDEPENDENCE ST TULSA OK 74106 ANGELA LETZIG PRESIDENT THRU APRIL 2023 0.08 40.00 X X 0 31359 4214 MAY VANG TREASURER THRU APRIL 2023 0.08 40.00 X X 0 22445 6846 ALICIA LINKER SECRETARY THRU APRIL 2023 0.08 40.00 X X 0 28138 8515 AARON DARDEN PRESIDENT 0.50 40.00 X X 0 321127 59263 DARIAN WALKER CFO 0.50 40.00 X X 0 219909 50105 ERIK SOLIVAN CHIEF OF STAFF 0.50 40.00 X X 0 200182 31898 BRUCE SCHULTZ CHAIR THRU APRIL 2023 1.00 0.00 X X 0 0 0 MISSY ARMSTRONG VICE CHAIR THRU APRIL 2023 0.50 0.00 X X 0 0 0 AARON JOHNSON DIRECTOR THRU APRIL 2023 0.50 0.00 X 0 0 0 CURTIS PEEBLES DIRECTOR THRU APRIL 2023 0.50 0.00 X 0 0 0 DONOVID SEKULITS DIRECTOR THRU APRIL 2023 0.25 0.00 X 0 0 0 SIMONNE JONES DIRECTOR THRU APRIL 2023 0.25 0.00 X 0 0 0 TERRI GATEWARD DIRECTOR THRU APRIL 2023 0.50 0.00 X 0 0 0 0 823160 160841 0 0 1 0 0 1316900 5325216 6642116 83482 83482 MISCELLANEOUS INCOME 900099 37328 37328 37328 6762926 0 0 120810 20000 20000 1096 1096 SALARY ALLOCATION 78363 78363 FORECLOSURE PREVENTION 46340 46340 MISCELLANEOUS 151 151 145950 144854 1096 0 349236 4312376 61263 6824 6561 9234 14512 6500 6500 6500 5697 0 1057420 426233 5409890 31787 6234 0 26000 31787 32234 X 394446 5377656 394446 5377656 426233 5409890 6616976 -1633766 0 X 0 0 0 X 558628 1151228 490540 1724822 6642116 10567334 558628 1151228 490540 1724822 6642116 10567334 8884211 1683123 18248 14657 308 14657 83482 131352 37328 37328 10736014 0.15680 0.29190 X THE ENTIRETY OF THE DONATIONS RECEIVED BY HOUSING PARTNERS OF TULSA, INC. (HPT) IN 2023 ARE TO BE USED AS PART OF THE DEVELOPMENT FUNDING OF A NEW MIXED INCOME, PRIMARILY AFFORDABLE (OVER 70% OF THE APARTMENTS) COMMUNITY IN NORTH TULSA. THE HOUSING AUTHORITY OF THE CITY OF TULSA RECEIVED A 2021 CHOICE NEIGHBORHOODS GRANT TOTALING $50,000,000 FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE FUNDS DONATED TO HPT, ALONG WITH THE CHOICE GRANT FUNDS, LOW INCOME HOUSING TAX CREDITS, AND DEBT WILL ALL BE PART OF THE CAPITAL STACK OF FUNDING THAT WILL BUILD A COMMUNITY OF OVER FIVE HUNDRED APARTMENTS, BUILT ACROSS SEVEN PHASES AND BE COMPLETED BY 2029. THE FIRST PHASE OF THIS DEVELOPMENT BEGAN IN DECEMBER 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6500 6500 6500 DUE FROM RELATED PARTY 1057420 1057420 1 DOWN PAYMENT ASSISTANCE 2 20000 0 N/A N/A PART I, LINE 2: EACH HOME BUYER GOES THROUGH A STRINGENT APPLICATION PROCESS. HPT STAFF WORKS WITH THEIR REALTOR AND THEIR MORTGAGE COMPANY ALL THE WAY THROUGH TO CLOSING. ONCE A FILE IS READY FOR CLOSING, THE SUPERVISOR IN THE DEPARTMENT REVIEWS THE PACKET AND SENDS TO ACCOUNTING (WHO REVIEWS THE PACKET AGAIN) FOR PAYMENT. HPT TAKES THE DOWNPAYMENT ASSISTANCE CHECK TO THE CLOSING AND GIVES IT TO THE CLOSING COMPANY. THE ACCOUNTING DEPARTMENT THEN REQUESTS FUNDS FROM THE CITY OF TULSA TO REIMBURSE THE DOWN PAYMENT ASSISTANCE THROUGH THE GRANT. THIS PROCESS INCLUDES A REVIEW OF THE DOWNPAYMENT PACKET. THERE IS A FIVE YEAR PAYBACK PERIOD ON THE ASSISTANCE, SO THE STAFF KEEPS IN TOUCH WITH THE FAMILY OVER THE FIVE YEAR PERIOD TO ENSURE THEY ARE STILL LIVING IN THE HOME THEY PURCHASED. HPT IS ALSO AUDITED BY THE CITY OF TULSA EACH YEAR TO ENSURE THE PROGRAM IS IN COMPLIANCE. 0 0 0 0 0 0 0 0 0 AARON DARDEN PRESIDENT 0 321127 0 0 0 0 0 30274 0 28989 0 380390 0 0 DARIAN WALKER CFO 0 219909 0 0 0 0 0 21670 0 28435 0 270014 0 0 ERIK SOLIVAN CHIEF OF STAFF 0 200182 0 0 0 0 0 21670 0 10228 0 232080 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED AS PART OF A THIRD-PART SALARY SURVEY THAT IS CONDUCTED EVERY TWO YEARS THAT COMPILES THE SALARIES OF SIMILAR SIZED ORGANIZATIONS TO DETERMINE A SALARY RANGE FOR EACH POSITION. FORM 990, PART III, LINE 3 THE HOUSING COUNSELING PORTION OF HPT ENDED IN 2023. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATES ITS BYLAWS DURING THE TAX YEAR. SIGNIFICANT CHANGES WERE AS FOLLOWS: 1. PREVIOUSLY, "MEMBERS OF HOUSING PARTNERS OF TULSA, INC. SHALL BE LIMITED TO THOSE INDIVIDUALS SERVING AS COMMISSIONERS OF THE HOUSING AUTHORITY OF TULSA." CURRENTLY, THE MEMBER OF THE CORPORATION SHALL BE THE HOUSING AUTHORITY OF THE CITY OF TULSA. 2. PREVIOUSLY, "THE BOARD OF DIRECTOR SHALL CONSIST OF SEVEN (7) DIRECTORS APPOINTED BY THE MEMBERS OF THE CORPORATION." CURRENTLY, "THE NUMBER OF DIRECTORS SHALL BE THREE (3). THE PERSON WHO SERVES AS PRESIDENT/CEO OF THA, BY VIRTUE OF HOLDING THAT OFFICE, SHALL BE A DIRECTOR AND ALSO SERVE AS CHAIR OF THE BOARD. THE REMAINING TWO DIRECTOR POSITIONS SHALL BE HELD BY THE CHIEF OF STAFF OF THA AND THE CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER OF THA." 3. PREVIOUSLY, "EACH DIRECTOR SHALL SERVE FOR A TERM OF ONE (1) YEAR FROM THE DATE OF THEIR APPOINTMENT." CURRENTLY, "STATUS AS A DIRECTOR SHALL TERMINATE AUTOMATICALLY UPON THE INDIVIDUAL BEING REMOVED FROM THE OFFICE WITH MEMBER QUALIFYING HIM/HER AS A DIRECTOR." FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF HOUSING PARTNERS OF TULSA, INC. SHALL BE THE MEMBERS OF HOUSING AUTHORITY OF TULSA. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY ALL THE DIRECTORS OF HOUSING PARTNERS OF TULSA PRIOR TO THE SIGNATURE AND FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY THE HUMAN RESOURCE (HR) OFFICE AND THROUGH HOUSING PARTNERS OF TULSA'S INTERNAL CONTROLS TO ENSURE THAT THE ORGANIZATION AND ITS EMPLOYEES ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ALSO, BOARD MEMBERS ARE RESPONSIBLE TO BE ALERT OF ANY CONFLICT OF INTEREST. IF ONE IS TO EXIST, THE BOARD MEMBER IS EITHER TO DISCLOSE THE INTEREST IN FULL TO THE OTHER MEMBERS OF THE BOARD OR COMMITTEE OR BE RECUSED FROM DELIBERATION OR VOTES OF THE BOARD OR COMMITTEE ON THE MATTER OF POTENTIAL CONFLICT. IN EITHER CASE, THE MINUTES OF THE BOARD OR COMMITTEE SHALL RECORD THE EXERCISE OF EITHER OPTION AND THE RESPONSE OF THE BOARD OR COMMITTEE TO THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15 HR COMPLETES A SALARY SURVEY EVERY OTHER YEAR THAT USES MULTIPLE SOURCES AND THEN THOSE SALARIES ARE APPROVED BY THE BOARD. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. HOUSING AUTHORITY OF THE CITY OF TULSA 415 E INDEPENDENCE ST TULSA OK 74106 730765740 ASSISTED HOUSING OK 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0