2021-10-21T13:34:28-05:00 2020-12-31 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2020-01-01 581899845 3Keys Inc 3KEY 4043254572 2198 Dresden Drive Chamblee GA 30341 David Lambrecht Board Chair 4043254572 2021-10-19 1 David Lambrecht 999009999 Mary Jo Alexander P00002534 7709558600 2021-10-19 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z David Lambrecht 2198 Dresden Drive Chamblee GA 30341 2565424 0 X www.the3keys.org X 1998 GA The mission of 3Keys is to develop and manage affordable permanent housing with on-site supportive services for adults facing the challenges of mental illness and homelessness. 15 15 47 20 0 0 1586031 1728169 305360 831964 0 0 -36062 5291 1855329 2565424 0 0 0 0 839421 905238 0 0 43871 1701360 1721120 2540781 2626358 -685452 -60934 12881433 13556111 11539204 11598441 1342229 1957670 X The mission of 3Keys is to develop and manage affordable permanent housing with on-site supportive services for adults facing the challenges of mental illness and homelessness. 0 0 2413294 832010 See Schedule O for complete description.3Keys was incorporated on December 31, 1987 under the laws of the State of Georgia as a not-for-profit organization for the purpose of developing and sponsoring affordable housIng for the mentally ill who are homeless or in danger of becoming homeless. 3Keys is supported primarily by grants from governmental agencies, as well as contributions and grants from individuals, corporations, and foundations.3Keys has sponsored three projects. The program activities for these projects are carried out by separate single member LLC's of which 3Keys is the sole member. The components were each formed for the purpose of operating, and managing a low-income housing project.The capacity of each project are as follows:RosalynnApartments 56 apartments; 56 residents Presley Woods 40 units; 40 residentsO'Hern House 76 units; 76 residents -46 3Keys also sponsors Progressive Welcome House SRO, LP. The entity is formed as a Georgia limited partnership for the purpose of acquiring, owning, operating, and managing a low-income housing project. 3Keys is the general partner and owns .01% of the project. 2413294 1 1 0 0 0 0 0 0 0 0 1 0 0 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 1 0 0 0 0 1 3 0 1 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 1 0 1 0 1 1 GA X The Organization 4043254572 2198 Dresden Drive Chamblee GA 30341 Melissa Burton Interim CEO/Controller 40.00 X 79438 0 632 Darlene Schultz President and CEO 40.00 X 68959 0 5364 David Lambrecht Chair 1.00 X X 0 0 0 Bill McDonald Vice Chair 0.10 X X 0 0 0 Cathy Rambach Secretary 0.50 X X 0 0 0 Linda Booker Treasurer 0.50 X X 0 0 0 Pat Gardner Member 0.20 X 0 0 0 Ellen Alsobrook Member 0.10 X 0 0 0 Amy Mills Member 0.10 X 0 0 0 Gabriele Lockridge Member 0.20 X 0 0 0 Colletta Bryce Member 0.10 X 0 0 0 Stan Jones Member 0.10 X 0 0 0 Jim Durrett Member 0.10 X 0 0 0 Jerolyn Webb Ferrari Member 0.10 X 0 0 0 Michael Shelnutt Member 0.10 X 0 0 0 Tommy Burda Member 0.10 X 0 0 0 Melanie Lestrapes Member 0.10 X 0 0 0 148397 0 5996 0 0 0 0 Overbrook Security PO Box 1322 Sylacauga AL 35150 Contract Security Services 201380 Georgia Works 275 Pryor Street SW Atlanta GA 30303 Contract Labor 117606 2 1573140 155029 1728169 Rental Income 531110 393325 393325 Other Program Financin 531110 354707 354707 Management Fees 531310 83978 83978 Loss on Non-Controllin 531110 -46 -46 831964 Miscellaneous 531110 5291 5291 5291 2565424 831964 0 5291 154393 138280 9809 6304 628410 562826 39926 25658 66883 59903 4249 2731 55552 49754 3530 2268 2891 2891 27441 27441 69625 69395 230 114832 111518 1434 1880 2306 2289 17 291227 291087 140 2813 2792 21 9015 6712 1791 512 36432 33186 2597 649 404623 404623 78300 76680 998 622 Bad Debt Expense 313566 313566 Housing Project Expense 273388 273388 Maintenance & Repairs 72356 72356 Printing & Publications 11499 6931 1571 2997 10806 7403 3383 20 2626358 2413294 169193 43871 388288 663878 2000 0 202160 202844 25978 60253 16113762 6346923 10108769 9766839 -677086 -924 2831324 2863221 12881433 13556111 185153 243420 11354051 11355021 11539204 11598441 X 1342229 1957670 1342229 1957670 12881433 13556111 X -60934 676375 X X 0 1 X 1 0 X 3346739 2082056 1667326 1586031 1728169 10410321 3346739 2082056 1667326 1586031 1728169 10410321 1071080 9339241 753 33817 43848 78418 106678 111345 7242 3697 5291 234253 10722992 2881495 0.87100 0.86540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 475825 475825 14974045 5376217 9597828 655750 970706 -314956 8142 8142 9766839 Funded Reserves 657380 Due from Affiliate - Phoenix Nimbus A/R 2077695 Advances to affiliates 128146 2863221 X Part X, Line 2: Management evaluated the 3Keys's tax positions and concluded that the 3Keys had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions on accounting for uncertainty in income taxes. Form 990, Part VI, Section B, line 11b A draft copy of the Form 990 was distributed by the President and CEO to the Board of Directors via email, with a call for comments/questions. Form 990, Part VI, Section B, line 15a The Executive Director position is the only paid position on the board. Compensation is based on hours worked and surveys of similar positions in the area. Form 990, Part VI, Section C, line 19 Contracts with Shelter+Care and HUD Section 8 available upon request. Form 990, Part XI, line 9: To remove controlling interest in investment owned by other partners 676,375. Form 990 Part XII, line 2c The selection of auditor process and oversight of financials has not changed this year. Form 990, Part XI, Line 8 The Organizations net assets include a prior period adjustment in the amount of $200 to include activity omitted in error on the previously filed Form 990. Housing First O'Hern House LLC 19 WM Holmes Borders Dr NE Atlanta GA 30303 800822712 Low Income Housing GA 521186 4042246 3Keys Inc Housing First Presley Woods LLC 265 Kirkwood Rd NE Atlanta GA 30317 582179932 Low Income Housing GA 415054 935839 3Keys Inc Housing First Rosalynn Apartments LLC 2198 Dresden Dr Chamblee GA 30341 582323682 Low Income Housing GA 627406 5362272 3Keys Inc Housing First Phoenix House LLC 2198 Dresden Dr Chamblee GA 30341 Low Income Housing GA 0 0 3Keys Inc