BAY POINTE APARTMENTS INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: BAY POINTE APARTMENTS INC (EIN 20-4264152)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2013-11-12
IRS object ID: 201303169349305355
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	2013-11-12T16:53:56-05:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MORGAN-FRANKLIN LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	749 BROADWAY STREET	AddressLine1
City	WEST LIBERTY	City
State	KY	State
ZIP Code	41472	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	204264152	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	BAY POINTE APARTMENTS INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	BAYP	NameControl
Phone	6068862374	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	110 RESOURCE COURT	AddressLine1
City	Prestonsburg	City
State	KY	State
ZIP Code	41653	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MOUNTAIN HOUSING CORPORATION	Name
Title	SANDY RUNYON	Title
Date Signed	2013-11-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRENDA K MORGAN	Name
PTIN	P01347282	PTIN
Phone	6067431884	Phone
Date Prepared	2013-11-04	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	SANDY RUNYON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	BIG SANDY	AddressLine1
City	PRESTONSBURG	City
State	KY	State
ZIP Code	41653	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	81727	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2006	YearFormation
State Legal Domicile	KY	StateLegalDomicile
Activity Or Mission Description	PROVIDED HOUSING FOR LOW INCOME SENIOR CITIZENS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	3	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	89063	ProgramServiceRevenuePriorYear
Program Service Revenue CY	81257	ProgramServiceRevenueCY
Investment Income Prior Year	333	InvestmentIncomePriorYear
Investment Income Current Year	445	InvestmentIncomeCurrentYear
Other Revenue Prior Year	15332	OtherRevenuePriorYear
Other Revenue Current Year	25	OtherRevenueCurrentYear
Total Revenue Prior Year	104728	TotalRevenuePriorYear
Total Revenue Current Year	81727	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	29480	SalariesEtcPriorYear
Salaries Etc Current Year	19291	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	139829	OtherExpensePriorYear
Other Expenses Current Year	175433	OtherExpensesCurrentYear
Total Expenses Prior Year	169309	TotalExpensesPriorYear
Total Expenses Current Year	194724	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-64581	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-112997	RevenuesLessExpensesCY
Total Assets BOY	2249740	TotalAssetsBOY
Total Assets EOY	2134663	TotalAssetsEOY
Total Liabilities BOY	12992	TotalLiabilitiesBOY
Total Liabilities EOY	10912	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2236748	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2123751	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE LOW INCOME HOUSING TO SENIOR CITIZENS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	194724	Expense
Description	23 UNITS OF LOW INCOME HOUSING PROVIDED TO SENIOR CITIZENS	Description
Total Program Service Expense	194724	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	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
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	3	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
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
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	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	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	MADONNA SKAGGS	NamePerson
Telephone Number	6066833100	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	CAVE RUN LAKERD	AddressLine1
City	SALT LICK	City
State	KY	State
ZIP Code	40371	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
SANDY RUNYON
PRESIDENT	2	X	X	0	0	0
CRAIG PREECE
DIRECTOR	2	X		0	0	0
L WHEELER
SEC/TREAS	2	X	X	0	0	0
DON CECIL
DIRECTOR	2	X		0	0	0
JAMES BUTLER
VP	2	X	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

Field	Value	IRS element (for citing)
Description	RENTAL INCOME	Description
Business Code	531110	BusinessCode
Total Revenue Column	81257	TotalRevenueColumn
Related Or Exempt Function Income	81257	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	81257	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	445	TotalRevenueColumn
Related Or Exempt Function Income	445	RelatedOrExemptFunctionIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	TENANT CHARGES	Description
Business Code	531110	BusinessCode
Total Revenue Column	25	TotalRevenueColumn
Related Or Exempt Function Income	25	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	25	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	81727	TotalRevenueColumn
Related Or Exempt Function Income	81727	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	17920	Total
Program Services	17920	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1371	Total
Program Services	1371	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	10168	Total
Program Services	10168	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	200	Total
Program Services	200	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	2400	Total
Program Services	2400	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	672	Total
Program Services	672	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1317	Total
Program Services	1317	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	146	Total
Program Services	146	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	88336	Total
Program Services	88336	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	6273	Total
Program Services	6273	ProgramServices

Other Expenses OtherExpenses (4 entries)

TotalTotal
7767
73
1526
4926

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	51629	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	194724	Total
Program Services	194724	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	6087	BOY
EOY	1956	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	65346	BOY
EOY	42620	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1482	BOY
EOY	1597	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2521421	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	432931	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2176825	BOY
EOY	2088490	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2249740	BOY
EOY	2134663	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	8792	BOY
EOY	5656	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	4200	BOY
EOY	5256	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	12992	BOY
EOY	10912	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	2236748	BOY
EOY	2123751	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2236748	BOY
EOY	2123751	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2249740	BOY
EOY	2134663	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-112997	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 Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	215468	CurrentTaxYearMinus4Years
Total	215468	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	14109	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	31347	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	70933	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	104728	CurrentTaxYearMinus1Year
Current Tax Year	81282	CurrentTaxYear
Total	302399	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	229577	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	31347	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	70933	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	104728	CurrentTaxYearMinus1Year
Current Tax Year	81282	CurrentTaxYear
Total	517867	Total

Field	Value	IRS element (for citing)
Public Support Total509	517867	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	238	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	469	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	343	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	333	CurrentTaxYearMinus1Year
Current Tax Year	445	CurrentTaxYear
Total	1828	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	238	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	469	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	343	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	333	CurrentTaxYearMinus1Year
Current Tax Year	445	CurrentTaxYear
Total	1828	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	229815	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	31816	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	71276	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	105061	CurrentTaxYearMinus1Year
Current Tax Year	81727	CurrentTaxYear
Total	519695	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99650	PublicSupportPercentage509
Prior Year Support Percentage	0.99960	PriorYearSupportPercentage
Investment Income Percentage	0.00350	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.00040	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	150000	OtherCostOrOtherBasis
Book Value	150000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2303999	OtherCostOrOtherBasis
Depreciation	373567	Depreciation
Book Value	1930432	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	67422	OtherCostOrOtherBasis
Depreciation	59365	Depreciation
Book Value	8057	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2088489	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	TENANT SECURITY DEPOSITS	Description
Amount	$5,256	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	5256	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	81727	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	81727	RevenueSubtotal
Total Revenue Per Form990	81727	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	194724	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	194724	ExpensesSubtotal
Total Expenses Per Form990	194724	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

ExplanationExplanation
TENANT SECURITY DEPOSITS ARE COLLECTED AND MAINTAINED IN A SEPERATE
BANK ACCOUNT AS REQUIRED BY HUD

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

ExplanationExplanation
PART VI; SRCTION B LINE 11 - A COPY OF THE TAX RETURN IS EMAILED TO THE
ACCOUNTANT FOR THE MANAGEMENT COMPANY AND TO THE BOARD PRESIDENT
WHO IS TO SIGN THE RETURN. ONCE THE TAX RETURN IS REVIEWED AND APPROVED
IT IS PREPARED FOR MAILING TO THE IRS
PART VI; SECTION C LINE 19 - ALL GOVERNING DOCUMENTS ARE MADE AVAILBLE
UPON WRITTEN REQUEST AND ALL MEETINGS ARE OPEN TO THE PUBLIC
PART VI; SECTION B LINE 12C- THE BOARD AND MANAGEMENT COMPANY MONITOR
ON AN ON-GOING BASIS. THE BOARD REVIEWS FINANCIAL DATA FOR RELATED
PARTY TRANSACTIONS AND THE MANAGEMENT COMPABY SEEKS HUD APPROVAL BEFORE
PAYING ANY DISBURSEMENTS TO RELATED PARTIES.