2015-02-15T16:26:04-08:00 2014-06-30 Edgley PLLC 5216 Central Ave Indianapolis IN 462203039 990 2013-07-01 561908374 THP Housing Inc THPH 3366441262 6353 Poplar Forest Drive Summerfield NC 27358 Kathy Norcott President 2014-10-15 true Thomas Sovereign CPA P01484983 3177211727 2013 2016-02-25 16:41:14Z Kathy Norcott 6353 Poplar Forest Drive Summerfield NC 27358 147467 false false X N/A X 1996 NC To advocate and provide safe, sanitary, affordable housing for very low income persons with disabilities. 5 5 0 0 101460 110051 29667 37203 381 213 0 131508 147467 0 0 0 0 0 160197 178656 160197 178656 -28689 -31189 963105 927251 1575528 1570863 -612423 -643612 To advocate and provide safe, sanitary, affordable housing for very low income persons with disabilities. false false 153118 37203 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. 153118 true true false false false false false false false false true false true false 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 false false false false false false false false true 5 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 5 5 false true false false false false false true true false false true false false false false false false false false X McClain Barr Associates 3366441262 6353 Poplar Forest Drive Summerfield NC 27358 X Kathy Norcott President 0.50 0.00 X X 0 0 0 Ann Buffington Vice President 0.50 0.00 X X 0 0 0 Carrie McClenton Director 0.50 0.00 X 0 0 0 Joyce Satterfield Director 0.50 0.00 X 0 0 0 Cassandra Durham Secretary 0.50 0.00 X X 0 0 0 0 false false false 0 94819 15232 110051 Rental income 531110 37203 37203 37203 213 213 0 0 0 0 0 0 0 0 147467 37203 213 0 0 0 0 0 0 0 0 0 0 15721 15721 126 126 5800 5800 0 0 0 0 0 4017 4017 0 0 61364 61364 0 0 0 0 0 43306 43306 0 Management co. personnel costs 46115 46115 Bad debts 2207 2207 0 178656 153118 25538 0 2976 4264 0 0 961 936 0 0 0 0 13010 1540170 761402 818040 778768 0 0 136723 126517 0 4405 3756 963105 927251 14022 9742 147 1557500 1557500 3859 3621 1575528 1570863 X -612423 -643612 -612423 -643612 963105 927251 -31189 X false true X true true true X 110113 113766 106647 101460 110051 542037 24965 20149 23339 29667 37203 135323 0 0 0 135078 133915 129986 131127 147254 677360 0 0 677360 1893 1212 897 381 213 4596 0 1893 1212 897 381 213 4596 0 15 1068 1577 2660 136986 136195 132460 131508 147467 684616 0.98940 0.98470 0.00670 0.01070 X 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 residents. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96000 96000 1099792 489072 610720 120554 81876 38678 223824 190454 33370 778768 126517 Security deposits held 3621 3621 X 147467 147467 147467 178656 178656 178656 Part X : FIN48 Footnote Accounting for uncertainty in income taxes: The Corporation is exempt from federal and state income tax under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provisions for federal and state taxes on revenue and income, or related penalties and interest, have been recognized in the accompanying financial statements. At June 30, 2014, the Corporations tax returns for tax years 2011 through 2013 remained open for examination. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company The operations of the apartment community are managed by McClain, Barr & Associates, LLC (MBA). MBA is a professional property management company. MBA has a project owner's and management agent's certification for multifamily housing projects with the U.S. Department of Housing and Urban Development (HUD). Under this certification, HUD has approved MBA to manage the apartment community. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Directors reads and reviews Form 990 prior to approving the return for filing with the IRS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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.