2016-11-15T19:24:10-06:00 2015-12-31 COHNREZNICK LLP 816 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 990 2015-01-01 710876762 GROVE PLACE PARTNERS GP INC % JULIA SPANN GROV 5123561556 PO BOX 19454 AUSTIN TX 78760 JULIA SPANN AUTH SIGNOR 5124991411 2016-08-05 true MICHAEL S CELKIS CPA P01296719 5124949100 2015 2017-02-10 21:41:12Z Julia Spann PO BOX 19454 AUSTIN TX 78760 0 false X N/A X 2002 TX PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS 7 7 0 0 0 0 -15 -2 0 0 0 2 -15 0 0 0 0 0 0 0 0 0 0 3589 0 3589 0 -3604 0 1074817 851529 797687 574399 277130 277130 PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS. false false 531390 0 ENHANCING THE CREATION OF NEW HOUSING AND THE REHABILITATION OF EXISTING HOUSING IN NEIGHBORHOODS LOCATED IN TRAVIS COUNTY, WITH SPECIAL EMPHASIS PLACED ON CREATING RENTAL HOUSING FOR LOW-INCOME AND MODERATE-INCOME FAMILIES, PROMOTING AND CREATING PROGRAMS TO ENCOURAGE HEALTH AND SOCIAL SERVICES IN LOW-INCOME AND MODERATE-INCOME NEIGHBORHOODS, PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME CLIENTS OF SAFEPLACE AND CREATING A SAFE, STABLE ENVIRONMENT FOR FAMILIES TO REBUILD THEIR LIVES. 0 true false false false false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false false true true X JULIA SPANN 5123561639 PO BOX 19454 AUSTIN TX 78760 X X JOHN JONES CHAIR 2.0 X X 0 0 0 JOANN ROGERIO DIRECTOR 1.0 X 0 0 0 JULIA SPANN SECRETARY/EXECUTIVE DIRECTOR 2.0 X X 0 0 0 NICKI TYLER PAST CHAIR 1.0 X X 0 0 0 CINDY BROUILLETTE DIRECTOR 1.0 X 0 0 0 MARYLU DE HOYOS DIRECTOR 1.0 X 0 0 0 KIMBERLY FROST TREASURER 1.0 X X 0 0 0 ROBERT PALM DIRECTOR 1.0 X 0 0 0 0 0 0 0 false false false NA 0 0 INVESTMENT LOSS FROM GROVE PLACE PARTNERS, LTD. 531390 -2 -2 -2 0 0 0 0 0 0 0 0 0 0 OTHER OPERATING INCOME 531390 2 2 2 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 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -395 11603 0 0 1075212 839926 1074817 851529 0 0 0 0 0 0 0 0 0 0 0 0 797687 574399 0 0 0 0 797687 574399 X 277130 277130 0 0 0 0 277130 277130 1074817 851529 0 X false true X false false X X 1 SAFEPLACE 741977853 7 true 0 0 1 0 0 0.00000 true false false false false false false false false false false false false false false true false DEVELOPER FEE RECEIVABLE 823654 DUE FROM AFFILIATE 16272 839926 X 2 2 -2 -2 232 232 -232 -232 schedule d, part xi, line 4B this is the amount of passthrough loss from grove place partners, ltd. that is eliminated in the consolidated financial statements. schedule d, part xii, line 4b this is the amount of passthrough loss from grove place partners, ltd. that was recognized for tax purposes in prior years. accounting for income taxes THE ORGANIZATION HAS 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 AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2015. DUE TO ITS TAX EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE SUBSIDIARY HAS ELECTED TO BE TREATED AS A PASS-THROUGH ENTITY FOR INCOME TAX PURPOSES AND, AS SUCH, IS NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY ITS OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE SUBSIDIARY'S FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY IS BASED ON ITS LEGAL STATUS AS A PARTNERSHIP. ACCORDINGLY, THE SUBSIDIARY IS NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS A PASS-THROUGH ENTITY. THE SUBSIDIARY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE SUBSIDIARY HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2012 REMAIN OPEN. OPEN. OPEN. PART vi, section b, question 11a THE DRAFT 990 IS PROVIDED TO THE BOARD AND REVIEWED PRIOR TO FILING. PART VI, section b, question 12c In accordance with article VII of the Grove Place bylaws, an annual procedure will be followed to record any possible or real conflicts of interest. A copy of this policy is to be signed by all incoming board members prior to their first board meeting and by existing board members within 30 days of this document being approved by the board. The signed documents will be stored for a period of seven years or until the board term renews or expires. Should this document be amended, board members will be asked to sign the amended document within 30 days of the amendment being approved by the Board. Full disclosure, by notice in writing, will be made by the board member to the full Board of Directors of any perceived conflicts of interest. A board member, officer, or staff member will not participate in any discussion or debate of the Board of Directors, or of any committee or subcommittee thereof, in which the subject of discussion is a contract, transaction, or situation in which there may be a perceived or actual conflict of interest. However, they may be present to provide clarifying information in such a discussion or debate unless objected to by any present board member. All Board members will sign a Standard of Conduct Policy form. PART vi, section c, line 19 Upon written request, GROVE PLACE PARTNERS GP, inc. will make governing documents, policy, and financial statements available to the public. Part XI, Line 9 Other change in net assets due to contribution made at flow through level. It has impacted the ending investment account as shown on the Balance Sheet. SAFEPLACE PO BOX 19454 AUSTIN TX 78760 741977853 SUPPORT TX 501(C)(3) 11 - Type I false GROVE PLACE PTR LTD 1551A GROVE BLVD AUSTIN TX 78741 352178404 APARTMENT REN TX NA RELATED -2 906948 false true 0.00010 false false false false false false false false false false true false false false false false false false GROVE PLACE PARTNERS LTD L 235288 CASH VALUE