2017-11-02T14:08:39-05:00 2016-12-31 391203191 SVA CERTIFIED PUBLIC ACCTS SC 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2016-01-01 391759242 CUMBERLAND COURT HOUSING COMMISSION INC CUMB 9204241470 600 MERRITT AVENUE OSHKOSH WI 549030397 SUSAN VAN HOUWELINGEN SECRETARY 9204241470 2017-10-20 1 KIRSTEN HOUGHTON P01273230 6088318181 69.128.11.234 2017-10-20 15:08:01 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8FEA32B2ABE6FF44B9CD15F5358C3105A40C256B 2016 2018-03-14 21:41:22Z SUSAN VAN HOUWELINGEN 600 MERRITT AVENUE OSHKOSH WI 54903 3407068 0 X N/A X 1993 WI TO PROVIDE QUALITY LOW INCOME HOUSING FOR ELIGIBLE FAMILIES X 5 5 0 5 0 0 364023 121125 175932 165878 18 2267935 0 0 539973 2554938 0 0 0 0 0 0 0 0 0 431054 186598 431054 186598 108919 2368340 1192843 3228258 1103818 770893 89025 2457365 TO PROVIDE QUALITY LOW INCOME HOUSING FOR ELIGIBLE FAMILIES 0 0 186598 165878 TO PROVIDE QUALITY LOW INCOME HOUSING FOR ELIGIBLE FAMILIES 186598 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 0 0 0 X SU VAN HOUWELINGEN 9204241470 600 MERRITT AVENUE OSHKOSH WI 54903 SYLVIA CAREY-BUTLER CHAIRPERSON 2.00 X X 0 0 0 JOHN KIEFER COMMISSIONER 2.00 X 0 0 0 THERESA BERTRAM COMMISSIONER 2.00 X 0 0 0 ROB PATERSON COMMISSIONER 2.00 X 0 0 0 TOM PECH COMMISSIONER 2.00 X 0 0 0 DAVID KECK COMMISSIONER 2.00 X 0 0 0 SUSAN VAN HOUWELINGEN SECRETARY 2.00 40.00 X 0 93409 27140 0 93409 27140 0 0 0 0 0 121125 121125 RENTAL INCOME 531110 80819 80819 Interest income on notes receivab 531110 65000 65000 OTHER TENANT CHARGES 531110 20059 20059 165878 65 65 3120000 852130 2267870 2267870 2267870 2554938 165878 0 2267935 14993 14993 59 59 10584 10584 150 150 3348 3348 77333 77333 403 403 8282 8282 2228 2228 PAYROLL/BENEFIT REIMBUR 68825 68825 ADMINISTRATIVE EXPENSE 393 393 186598 186598 0 0 99474 43193 3901 0 9737 0 0 0 852131 0 3120000 227600 65065 1192843 3228258 214788 642 209 0 868100 770251 20721 0 1103818 770893 X 89025 2457365 89025 2457365 1192843 3228258 2368340 0 X 0 1 X 1 0 X 369983 348454 327655 364023 121125 1531240 146441 165969 166570 175932 165878 820790 516424 514423 494225 539955 287003 2352030 0 60000 60000 60000 60000 2292030 105 251 24 18 65 463 105 251 24 18 65 463 516529 514674 494249 539973 287068 2352493 0.97430 0.99960 0.00020 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Notes Receivable from Cumberland Court Master Development, LLC 1386667 C notes Receivable from Cumberland Court Master Development, LLC 1733333 C 3120000 Land and building with personal property included 2016-07-28 1386667 Appraisal 475162437 Cumberland Court Master Development LLC 600 Merritt Avenue Oshkosh WI 54901 LLC Land and building with personal property included 2016-07-28 1733333 Appraisal 475162437 Cumberland Court Master Development LLC 600 Merritt Avenue Oshkosh WI 54901 LLC 0 0 0 0 Part II Line I The assets of the organization were sold to Cumberland Court Master Development, LLC (CCMD) in exchange for two seller notes (notes receivable). CCMD was formed to acquire, rehabilitate, and operate Cumberland Court Apartments which were the apartments previously owned by the organization. CCMD is participating in the low-income housing tax credit program pursuant to Section 42 of the Internal Revenue Code. All of the units of CCMD must comply with restrictions on rents set under IRC Section 42. The managing member of CCMD is the Oshkosh Housing Authority which is the sole voting member of the organization as disclosed in Schedules R and O. The interest income received on the notes receivable from CCMD is considered a program related investment which will be used to make payments on the organization's flexible subsidy residual receipts note payable to the U.S. Department of HUD received in 1994. This note was received in connection with the organization's exempt purpose to provide low-income housing. Form 990, Part VI, Section A, line 3 THE ORGANIZATION PAYS A FEE TO A PROPERTY MANAGEMENT COMPANY TO OPERATE THE HOUSING COMPLEX AND MAINTAIN THE FINANCIAL RECORDS OF THE ORGANIZATION. THE PROPERTY MANAGEMENT COMPANY AND THE FEE CHARGED FOR ITS SERVICES ARE APPROVED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. Form 990, Part VI, Section A, line 6 THE ORGANIZATION HAS A SOLE VOTING MEMBER. Form 990, Part VI, Section A, line 7a THE VOTING MEMBER ELECTS THE BOARD OF DIRECTORS. Form 990, Part VI, Section A, line 7b THE SOLE VOTING MEMBER OF THE ORGANIZATION HAS THE POWER TO APPOINT AND REMOVE MEMBERS OF THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, line 11b FORM 90 IS REVIEWED IN DETAIL AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE MANAGEMENT COMPANY BEFORE THE RETURN IS FILED. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. OSHKOSH HOUSING AUTHORITY 600 MERRITT AVENUE OSHKOSH WI 54903 391251777 HOUSING WI N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0