2013-05-07T16:21:06-05:00 2012-12-31 SVA CERTIFIED PUBLIC ACCOUNTANTS 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2012-01-01 391759242 CUMBERLAND COURT HOUSING COMMISSION INC % BRAD MASTERSON CUMB 9204241470 600 MERRITT AVENUE Suite OSHKOSH WI 549030397 BRAD MASTERSON 9204241470 2013-05-07 true DOUGLAS K BERRY 6088318181 2013-04-30 2012 2016-03-07 17:11:31Z BRAD MASTERSON 600 MERRITT AVENUE OSHKOSH WI 54903 516529 false X N/A X 1993 WI TO PROVIDE QUALITY LOW INCOME HOUSING FOR ELIGIBLE FAMILIES 5 5 0 0 0 353169 369983 147087 146441 640 105 0 0 500896 516529 0 0 0 0 129965 0 0 0 0 396160 443926 526125 443926 -25229 72603 1374566 1235293 2435376 2223500 -1060810 -988207 TO PROVIDE QUALITY LOW INCOME HOUSING FOR ELIGIBLE FAMILIES false false 443926 146441 TO PROVIDE QUALITY LOW INCOME HOUSING FOR ELIGIBLE FAMILIES 443926 true true false false false false false false false false true false false true true true 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 false true false false false true 0 0 0 false false false false false false false false false false X 5 5 false true false false true true true true true false false false true false false false true false false false X BRAD MASTERSON 9204241470 600 MERRITT AVENUE OSHKOSH WI 54903 CLAUDE BENEDICT JR 2.0 X X 0 0 BRAXTON PATTERSON 2.0 X X 0 0 MEGAN LEITZ 2.0 X 0 ERIN PLIER 2.0 X 0 JEF HALL 2.0 X 0 BRAD MASTERSON 2.0 40.0 X 0 96918 6361 0 96918 6361 0 false false false NONE 0 X 369983 369983 RENTAL INCOME 531110 135944 135944 LAUNDRY INCOME 531110 5367 5367 OTHER TENANT CHARGES 531110 5130 5130 146441 105 105 0 0 0 0 0 0 0 0 0 0 516529 146441 105 0 0 0 0 0 0 0 0 0 0 36135 36135 0 0 0 8110 8110 0 0 0 0 0 2098 2098 0 0 216491 216491 715 715 0 0 8681 8681 0 55222 55222 2792 2792 PAYROLL/BENEFIT REIMBURSEMENTS 111985 111985 COLLECTION LOSSES 1398 1398 ADMINISTRATIVE EXPENSE 299 299 443926 443926 0 0 X 28173 30125 0 0 0 0 503 26142 0 0 0 0 0 0 0 0 11022 9126 3107305 2215724 946803 891581 0 0 0 0 0 0 0 0 388065 278319 1374566 1235293 1094436 963479 0 0 15 73 0 0 0 0 0 0 157258 74806 868100 868100 315567 317042 2435376 2223500 X -1060810 -988207 0 0 0 0 -1060810 -988207 1374566 1235293 72603 X false true X true true true X 286186 352641 172704 353169 369983 1534683 148584 142810 77976 147087 146441 662898 0 0 0 434770 495451 250680 500256 516424 2197581 0 0 0 2197581 2218 6064 2138 640 105 11165 0 2218 6064 2138 640 105 11165 0 0 436988 501515 252818 500896 516529 2208746 0.99494 0.98896 0.00505 0.01104 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 157793 157793 2885700 2156868 728832 63812 58856 4956 891581 TENANTS' SECURITY DEPOSITS 17851 REPLACEMENT RESERVE 180775 ESCROW DEPOSITS 29688 RESIDUAL RECEIPTS 50005 278319 0 TENANTS' SECURITY DEPOSITS PAYABLE 17851 NOTES PAYABLE TO OSHKOSH HOUSING AUTHORITY 299191 317042 X 507450 507450 9079 9079 516529 434847 434847 9079 9079 443926 INTEREST REDUCTION PAYMENTS PART XI LINE 4B AND PART XII LINE 4B Under the first mortgage note, HUD agreed to make interest reduction payments (IRP) to the project. The IRP was shown net of the $9,079 of interest expense on the audited financial statements as revenue. FIN 48 FOOTNOTE PART X LINE 2 The organization's informational tax filings are subject to audit by various taxing authorities. Open periods subject to audit for federal and Wisconsin purposes are generally the previous three and four years of tax returns filed, respectively. There were no interest or penalties recorded for the year ended December 31, 2012. DELEGATION OF CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY 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. PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 990 PART VI SECTION B LINE 11B FORM 990 IS REVIEWED IN DETAIL AND APPROVED BY THE EXECUTIVE DIRECTOR AND DEPUTY DIRECTOR OF THE MANAGEMENT COMPANY BEFORE THE RETURN IS FILED. INFORMATION AVAILABLE TO THE PUBLIC 990 PART VI SECTION C LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ORGANIZATION'S MEMBERS OR STOCKHOLDERS PART VI SECTION A LINE 6 THE ORGANIZATION HAS A SOLE VOTING MEMBER. ELECTION OF THE GOVERNING BODY PART VI SECTION A LINE 7A THE VOTING MEMBER ELECTS THE BOARD OF DIRECTORS. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL 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. OSHKOSH HOUSING AUTHORITY 600 MERRITT AVENUE OSHKOSH WI 54903 391251777 HOUSING WI NA false false false false false true false false false false false false false true false false true false false false