FIRST BAPTIST AND MANLEY ESTATES INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: FIRST BAPTIST AND MANLEY ESTATES INC (EIN 56-2149352)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-04-12
IRS object ID: 201301029349300515
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-12T12:39:53-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RIVES & ASSOCIATES LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	212 W CENTER ST	AddressLine1
City	LEXINGTON	City
State	NC	State
ZIP Code	272923012	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	562149352	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FIRST BAPTIST AND MANLEY ESTATES	BusinessNameLine1
Business Name Line2	INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	FIRS	NameControl
Phone	9198368888	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	106 N ROBERSON ST	AddressLine1
City	CHAPEL HILL	City
State	NC	State
ZIP Code	27514	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MARK ROYSTER	Name
Title	PRESIDENT	Title
Phone	9198368888	Phone
Date Signed	2013-03-31	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LEON L RIVES II	Name
Phone	3362488281	Phone
Date Prepared	2013-04-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MARK ROYSTER	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	106 N ROBERSON ST	AddressLine1
City	CHAPEL HILL	City
State	NC	State
ZIP Code	27514	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	201439	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1999	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED & SUBSIDIZED BY HUD.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	184060	ProgramServiceRevenuePriorYear
Program Service Revenue CY	201188	ProgramServiceRevenueCY
Investment Income Prior Year	315	InvestmentIncomePriorYear
Investment Income Current Year	251	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	184375	TotalRevenuePriorYear
Total Revenue Current Year	201439	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	22550	SalariesEtcPriorYear
Salaries Etc Current Year	32103	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	245912	OtherExpensePriorYear
Other Expenses Current Year	239643	OtherExpensesCurrentYear
Total Expenses Prior Year	268462	TotalExpensesPriorYear
Total Expenses Current Year	271746	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-84087	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-70307	RevenuesLessExpensesCY
Total Assets BOY	2821692	TotalAssetsBOY
Total Assets EOY	2752375	TotalAssetsEOY
Total Liabilities BOY	3405649	TotalLiabilitiesBOY
Total Liabilities EOY	3406639	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-583957	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-654264	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED & SUBSIDIZED BY HUD.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	271746	Expense
Revenue	201439	Revenue
Description	TO PROVIDE HOUSING AND RELATED SERVICES TO ELDERLY PERSONS.	Description
Total Program Service Expense	271746	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	true	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	RPM INC	NamePerson
Telephone Number	9198368888	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	412 FAYETTEVILLE ST	AddressLine1
City	RALEIGH	City
State	NC	State
ZIP Code	27601	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
MARK ROYSTER SR
PRESIDENT	X	X	0	0	0
MOSES CAREY
VICE-PRESIDE	X	X	0	0	0
JANE GARRETT
SECRETARY	X	X	0	0	0
JOHN R MANLEY
DIRECTOR	X		0	0	0
KEVA BUTLER-TOWNS
TREASURER	X	X	0	0	0
JOHN DAVIS
DIRECTOR	X		0	0	0
NORRIS TRICE
DIRECTOR	X		0	0	0
ELIZABETH DAVIS
DIRECTOR	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TENANT RENTAL PAYMENTS	531110	148879	148879
TENANT ASSISTANCE PAYMENTS	531110	48660	48660
OTHER PROGRAM SERVICE REVENUE	531110	3649	3649

Field	Value	IRS element (for citing)
Total Program Service Revenue	201188	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	251	TotalRevenueColumn
Exclusion	$251	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	201439	TotalRevenueColumn
Related Or Exempt Function Income	201188	RelatedOrExemptFunctionIncome
Exclusion	$251	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	28686	Total
Program Services	28686	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	3417	Total
Program Services	3417	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	22767	Total
Program Services	22767	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	7380	Total
Program Services	7380	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	180	Total
Program Services	180	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	8890	Total
Program Services	8890	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	99403	Total
Program Services	99403	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	621	Total
Program Services	621	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	81813	Total
Program Services	81813	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	5877	Total
Program Services	5877	ProgramServices

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
SERVICE COORDINATOR EXPEN	9264	9264
MISC ADMIN EXPENSES	2235	2235
OTHER RENTING EXPENSES	1213	1213

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	271746	Total
Program Services	271746	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	11892	BOY
EOY	7331	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	259	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2753	BOY
EOY	4780	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	3612020	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1032541	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2661023	BOY
EOY	2579479	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	126475	BOY
EOY	141761	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	19549	BOY
EOY	18765	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2821692	BOY
EOY	2752375	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	9617	BOY
EOY	9518	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	3384300	BOY
EOY	3384300	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	62	BOY
EOY	1	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	11670	BOY
EOY	12820	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3405649	BOY
EOY	3406639	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-583957	BOY
EOY	-654264	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-583957	BOY
EOY	-654264	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2821692	BOY
EOY	2752375	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-70307	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	51394	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	44896	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	43535	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	42493	CurrentTaxYearMinus1Year
Current Tax Year	48660	CurrentTaxYear
Total	230978	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	51394	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	44896	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	43535	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	42493	CurrentTaxYearMinus1Year
Current Tax Year	48660	CurrentTaxYear
Total	230978	Total

Field	Value	IRS element (for citing)
Public Support Total170	230978	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	357	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	257	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	319	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	315	CurrentTaxYearMinus1Year
Current Tax Year	251	CurrentTaxYear
Total	1499	Total

Field	Value	IRS element (for citing)
Total Support	232477	TotalSupport
Gross Receipts From Admissions Etc	201188	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.99360	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.99300	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Explanation In Part XIII	X	ExplanationInPartXIII

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	336000	OtherCostOrOtherBasis
Book Value	336000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2966778	OtherCostOrOtherBasis
Depreciation	803379	Depreciation
Book Value	2163399	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	309242	OtherCostOrOtherBasis
Depreciation	229162	Depreciation
Book Value	80080	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2579479	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (2 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
RESERVE FOR REPLACEMENT	137334	C
RESIDUAL RECEIPTS RESERVE	4427	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	141761	TotalOfBookValueProgramRelated
Tot Revenue Etc Audited Fincl Stmt	201439	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	201439	RevenueSubtotal
Total Revenue Per Form990	201439	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	271746	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	271746	ExpensesSubtotal
Total Expenses Per Form990	271746	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	ESCROW LIABILITY ARRANGEMENT EXPLANATION	Identifier
Return Reference	SCHEDULE D, PAGE 2, PART IV, LINE 2B	ReturnReference
Explanation	FUNDS COLLECTED AS TENANT SECURITY DEPOSITS ARE HELD IN A SEPERATE TRUST ACCOUNT.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
MANAGEMENT DELEGATED	FORM 990, PAGE 6, PART VI, LINE 3	THE ORGANIZATION HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC TO MANAGE ALL DAY TO DAY OPERATIONS OF THE APARTMENT COMPLEX.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FEDERAL FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST