2022-05-03T13:50:32-05:00 2021-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2020-07-01 561908374 THP HOUSING INC THPH 3366441262 2102 AILEEN CT HIGH POINT NC 27265 KATHY NORCOTT PRESIDENT 3366441262 2022-05-03 1 KATHY NORCOTT 999009999 MATTHEW BARNARD P01833048 3178485700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHY NORCOTT 2102 AILEEN CT HIGH POINT NC 27265 167580 0 X N/A X 1996 NC TO ADVOCATE AND PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS WITH DISABILITIES. 6 6 0 0 0 0 104454 108790 41037 58182 119 5 129 603 145739 167580 0 0 0 0 0 0 0 0 0 161680 182081 161680 182081 -15941 -14501 743906 733335 1570033 1573963 -826127 -840628 TO ADVOCATE AND PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS WITH DISABILITIES. 0 0 145596 58182 OPERATING A 25 UNIT APARTMENT COMMUNITY TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING TO VERY LOW INCOME PERSONS WITH DISABILITIES PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT. 145596 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 X BARR RESIDENTIAL AND DEVELOPMENT 3366441262 980 CIPRIANA DRIVE UNIT A-1 MYRTLE BEACH SC 29572 X KATHY NORCOTT PRESIDENT 0.50 X X 0 0 0 CASSANDRA DURHAM VICE PRESIDENT 0.50 X X 0 0 0 SONYA SIBLEY SECRETARY 0.50 X X 0 0 0 MARKEYTA MOORE DIRECTOR 0.50 X 0 0 0 GEORGE SMITH DIRECTOR 0.50 X 0 0 0 JOYCE SATTERFIELD DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 108790 108790 RENTAL INCOME 531110 58182 58182 58182 5 5 LAUNDRY & VENDING 531110 250 250 MISCELLANEOUS INCOME 531110 189 189 TENANT CHARGES 531110 164 164 603 167580 58182 0 608 19013 19013 6695 6695 6124 6124 79583 79583 39212 39212 MANAGEMENT COMPANY EMPL 26681 26681 MISC FINANCIAL FEES 4653 4653 BAD DEBTS 120 120 182081 145596 36485 0 7414 3435 640 1472 3531 11414 1702535 1040858 689967 661677 38057 49605 4297 5732 743906 733335 5925 7880 2333 2851 1557500 1557500 4275 5732 1570033 1573963 X -826127 -840628 -826127 -840628 743906 733335 -14501 0 X 0 1 X 1 1 1 X 96374 110896 115670 104454 108790 536184 32354 40995 38367 41037 58182 210935 128728 151891 154037 145491 166972 747119 0 0 0 747119 174 122 419 119 5 839 174 122 419 119 5 839 235 440 129 603 1407 128902 152248 154896 145739 167580 749365 0.99700 0.99740 0.00110 0.00150 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96000 96000 1209349 704582 504767 173362 114008 59354 223824 222268 1556 661677 RESERVE FOR REPLACEMENTS 49605 C 49605 TENANT SECURITY DEPOSITS 5732 5732 X 167580 0 167580 0 167580 182081 0 182081 0 182081 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 THE OPERATIONS OF THE APARTMENT COMMUNITY ARE MANAGED BY BARR RESIDENTIAL & DEVELOPMENT, LLC (BRD). BRD IS A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRD HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED BRD TO MANAGE THE APARTMENT COMMUNITY FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS READS AND REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DELEGATES OPERATION OF THE APARTMENT COMMUNITY TO THE MANAGEMENT AGENT, WHICH OPERATES THE COMMUNITY TO COMPLY WITH HUD AND OMB REGULATIONS, GOVERNING CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS. THE MANAGEMENT AGENT IS ACCOUNTABLE AND REPORTS TO BOTH THE BOARD OF DIRECTORS AND TO HUD. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, THE GOVERNING DOCUMENTS, AND ALL RELATED FINANCIAL AND POLICY INFORMATION IS KEPT IN THE ORGANIZATION'S CENTRAL FILE ROOM WITH THE BOOKS AND RECORDS, AND MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.