2017-12-21T09:05:15-06:00 2017-09-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD STE 300 CARMEL IN 46032 990 2016-10-01 262138160 CYPRESS PARK APARTMENTS INC CYPR 8035361056 401 HARBISON BLVD NO 3A COLUMBIA SC 29212 DIANE M CILENTO CEO 8035361056 2017-12-21 1 STEVEN R HISE P00818308 3178485700 97.78.195.178 2017-12-21 09:32:26 ES P CF33BD228566C1125F2DB2C5E60330E4FF7F5E39 E7FACD3EB3103D5D2D299B6BC3E74BFAA5E88247 2016 2018-03-14 21:41:22Z X CYPRESS PARK APARTMENTS DIANE M CILENTO 135 EDINBURGH CT STE 100B GREENVILLE SC 29607 98723 0 X N/A X 2008 SC CYPRESS PARK APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 14 UNIT COMMUNITY KNOWN AS CYPRESS PARK APARTMENTS LOCATED IN ANDERSON, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 14 14 0 0 0 0 0 63663 93254 33968 49 101 1836 991 95139 98723 0 0 0 0 19220 0 0 0 0 179198 133240 198418 133240 -103279 -34517 1442113 1409779 8734 10917 1433379 1398862 X CYPRESS PARK APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 14 UNIT COMMUNITY KNOWN AS CYPRESS PARK APARTMENTS LOCATED IN ANDERSON, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 0 0 114874 33968 CYPRESS PARK APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 14 UNIT COMMUNITY KNOWN AS CYPRESS PARK APARTMENTS LOCATED IN ANDERSON, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 114874 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 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X N & H ENTERPRISES INC 8035361056 401 HARBISON BLVD STE 3A COLUMBIA SC 29212 DAVID SHELLHORSE TREASURER/SECRETARY 1.00 0.00 X X 0 0 0 JULIA MULLEN CHAIR 1.00 0.00 X X 0 0 0 JESSICA SALVINI ESQ VICE CHAIR 1.00 0.00 X X 0 0 0 DIANE M CILENTO CEO 5.00 0.00 X 0 101719 0 JIM BOYD DIRECTOR 1.00 0.00 X 0 0 0 JOHN READ IV DIRECTOR 1.00 0.00 X 0 0 0 MIKE MATHERS DIRECTOR 1.00 0.00 X 0 0 0 LESLEE O'KELLY DIRECTOR 1.00 0.00 X 0 0 0 JULIE ORR FRANKLIN DIRECTOR 1.00 0.00 X 0 0 0 TIM GILBREATH DIRECTOR 1.00 0.00 X 0 0 0 MARIA G JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 BABETTE JONES DIRECTOR 1.00 0.00 X 0 0 0 MELISSA A WILLIAMS BCRE DIRECTOR 1.00 0.00 X 0 0 0 AVERY S MARTIN DIRECTOR 1.00 0.00 X 0 0 0 KYLE PUTNAM DIRECTOR 1.00 0.00 X 0 0 0 RONALD VERGNOLLE FORMER VP 1.00 0.00 X X 0 0 0 PAT DILGER FORMER DIRECTOR 1.00 0.00 X 0 0 0 ELENA RUSH FORMER DIRECTOR 1.00 0.00 X 0 0 0 SAUNDRA GRISHAM FORMER DIRECTOR 1.00 0.00 X 0 0 0 LISA EMBRY-FRANKLIN FORMER DIRECTOR 1.00 0.00 X 0 0 0 0 101719 0 0 0 0 0 0 63663 63663 RENTAL INCOME 531110 33968 33968 33968 101 101 TENANT CHARGES 531110 991 991 991 98723 33968 0 1092 8568 8568 40 40 3900 3900 5700 5700 55051 55051 158 158 41073 41073 572 572 MANAGEMENT COMPANY EMPL 15179 15179 RESIDUAL RECEIPTS RECAP 2999 2999 133240 114874 18366 0 89970 7484 1909 1617 8056 0 1643081 342374 1341778 1300707 96360 400 3611 1442113 1409779 5513 5042 90 2 3131 5873 8734 10917 X 1433379 1398862 1433379 1398862 1442113 1409779 -34517 0 X X 0 1 X 1 1 1 X 63663 63663 101499 100354 103772 95090 33968 434683 101499 100354 103772 95090 97631 498346 0 0 0 498346 24 49 101 174 24 49 101 174 30 991 1021 101553 100354 103772 95139 98723 499541 0.99760 0.99970 0.00030 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 55000 55000 1570202 324495 1245707 17879 17879 0 1300707 ESCROW DEPOSITS 15939 C REPLACEMENT RESERVE 76919 C RESIDUAL RECEIPTS 3502 C 96360 SECURITY DEPOSITS 3211 RESIDUAL RECEIPTS RECAPTURE LIABILITY 2662 5873 X 98723 0 98723 0 98723 133240 0 133240 0 133240 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 ARE SUBJECT TO EXAMINATION FOR 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 ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT AGENT FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF UNITED HOUSING CONNECTIONS OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SAID SPONSORING ORGANIZATION. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF THE BOARD OF DIRECTORS OF UNITED HOUSING CONNECTIONS, OR IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY A CPA FIRM AND SENT TO THE MANAGEMENT AGENT FOR INITIAL REVIEW AND APPROVAL. THE MANAGEMENT AGENT THEN SENDS THE RETURN TO THE BOARD OF DIRECTORS FOR FINAL REVIEW, APPROVAL, AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE ALL POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES INFORMATION BASED ON OTHER NOT-FOR-PROFIT INDUSTRY GROUPS AND A PERFORMANCE MANAGEMENT PROCESS TO ASSESS, GRADE THE PERFORMANCE OF KEY EMPLOYEES AND TO SET PAY GRADES AND RANGES. THE EXECUTIVE DIRECTOR USES INFORMATION BASED ON OTHER NOT-FOR-PROFIT INDUSTRY GROUPS AND A PERFORMANCE MANAGEMENT PROCESS TO ASSESS, GRADE THE PERFORMANCE OF KEY EMPLOYEES AND TO SET PAY GRADES AND RANGES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. UNITED HOUSING CONNECTIONS 135 EDINBURGH CT SUITE 100-B GREENVILLE SC 29607 571032202 HOUSING SC 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0