2013-10-31T11:47:29-07:00 2013-06-30 S M Carrothers Accountancy Corporation 5901 Cousteau Court Elk Grove CA 95758 990 2012-07-01 680390856 Kay Mar Way Inc co Madsen & Walton KAYM 5306717397 517 7th Street Sacramento CA 95814 John Elder 2013-10-31 true Stanley M Carrothers P01260876 9166841676 2012 2016-03-07 17:11:31Z 133188 false false X N/A X 1996 CA The purpose of the corporation is to provide low-income, public supported housing, using long term financing, from a variety of governmental sources. 7 7 0 33 0 0 124267 132959 335 229 0 124602 133188 0 0 1145 0 0 0 109308 113182 110453 113182 14149 20006 837018 839886 843282 826144 -6264 13742 The purpose of the corporation is to provide low-income, public supported housing, using long term financing, from a variety of governmental sources. false false 113182 133188 The corporation owns and operates a mobile home park consisting of 33 homesites, occupied by low-income owners. 113182 true false false false false false false false false false true false false true 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 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 7 7 false true false false true true true true false false false true true true false false false false false false CA X Madsen Walton 5309020439 517 7th Street Sacramento CA 95814 X Bonnie Maddox 2.00 0.00 0 0 0 Annie McCreary 2.00 0.00 0 0 0 Gary Hansford 2.00 0.00 0 0 0 Mollie Lynch 2.00 0.00 0 0 0 Diane Albini 2.00 0.00 0 0 0 John Elder 2.00 0.00 0 0 0 Judy Lewis 2.00 0.00 0 0 0 0 false false false 0 0 Assessments of the owners 531390 132959 132959 132959 229 229 0 0 0 0 0 0 0 0 133188 133188 0 0 0 0 0 0 0 0 0 0 18000 18000 2717 2717 4750 4750 0 0 0 0 0 1720 1720 0 0 15743 15743 0 0 0 20785 20785 0 16315 16315 3195 3195 Misc 714 714 Manager rent-free unit 3688 3688 Rental assistance 6645 6645 Utilities 18339 18339 571 571 113182 113182 0 0 1534 463 0 0 3658 1140 0 0 0 0 4142 6465 840087 257467 598935 582620 17001 17001 0 0 0 211748 232197 837018 839886 11151 9413 664192 637802 167939 178929 843282 826144 X -6264 13742 -6264 13742 837018 839886 20006 X false true X true false X 124100 133800 133744 124267 132959 648870 0 0 0 0 124100 133800 133744 124267 132959 648870 0 0 648870 4718 458 408 335 229 6148 0 4718 458 408 335 229 6148 0 0 128818 134258 134152 124602 133188 655018 0.99060 0.97500 0.00940 0.02500 X 376218 376218 460736 255178 205558 3133 2289 844 582620 232197 Deferred interest payable 178929 178929 X 133188 133188 133188 113182 113182 113182 Part X Part X : FIN48 Footnote All income and expenditures are in compliance with the tax-exemption and there are no items requiring disclosure. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available All documents available from the property manager. Financials are distributed to the board monthly. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process A completed copy of the 990 is sent to the directors in advance of filing, and kept in the office, and with the property manager. Form 990, Part VI, Line 7b Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders There is an annual meeting of the residents to ratify the actions of the directors. An annual budget is ratified in accordance with California law. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Regulatory agreements give members (owners) a vote at the annual meeting to select the board of directors. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The owners of mobile homes are assigned a developed homesite within the real estate. They pay a $100 membership fee on joining, and are granted full participation in the association. They have all rights common to a California public benefit not-for-profit corporation. Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Madsen & Walton, 517 7th Street, Sacramento, CA is hired as the property manager.The managers controls collections, disbursements, record keeping, and qualificationof the occupants.