FIRST BAPTIST AND MANLEY ESTATES INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: FIRST BAPTIST AND MANLEY ESTATES INC (EIN 56-2149352)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-04-17
IRS object ID: 201201089349300030
Schema version: 2011v1.2
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	2012-04-17T14:21:25-05:00	Timestamp
Tax Period End Date	2011-12-31	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	702 OBERLIN RD STE 410	AddressLine1
City	RALEIGH	City
State	NC	State
ZIP Code	27605	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	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	2012-03-19	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DAVID LEE	Name
Phone	9198326848	Phone
Date Prepared	2012-03-19	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	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	184375	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	183855	ProgramServiceRevenuePriorYear
Program Service Revenue CY	184060	ProgramServiceRevenueCY
Investment Income Current Year	315	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	183855	TotalRevenuePriorYear
Total Revenue Current Year	184375	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	29112	SalariesEtcPriorYear
Salaries Etc Current Year	22550	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	243484	OtherExpensePriorYear
Other Expenses Current Year	245912	OtherExpensesCurrentYear
Total Expenses Prior Year	272596	TotalExpensesPriorYear
Total Expenses Current Year	268462	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-88741	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-84087	RevenuesLessExpensesCY
Total Assets BOY	2904548	TotalAssetsBOY
Total Assets EOY	2821692	TotalAssetsEOY
Total Liabilities BOY	3404418	TotalLiabilitiesBOY
Total Liabilities EOY	3405649	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-499870	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-583957	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	268462	Expense
Revenue	184375	Revenue
Description	TO PROVIDE HOUSING AND RELATED SERVICES TO ELDERLY PERSONS.	Description
Total Program Service Expense	268462	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	false	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
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	4	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	139870	139870
TENANT ASSISTANCE PAYMENTS	531110	42493	42493
OTHER PROGRAM SERVICE REVENUE	531110	1697	1697

Field	Value	IRS element (for citing)
Total Program Service Revenue	184060	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	315	TotalRevenueColumn
Exclusion	$315	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	184375	TotalRevenueColumn
Related Or Exempt Function Income	184060	RelatedOrExemptFunctionIncome
Exclusion	$315	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	20275	Total
Program Services	20275	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	289	Total
Program Services	289	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1986	Total
Program Services	1986	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	21113	Total
Program Services	21113	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

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

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	6695	Total
Program Services	6695	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	97344	Total
Program Services	97344	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	521	Total
Program Services	521	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	96387	Total
Program Services	96387	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	5906	Total
Program Services	5906	ProgramServices

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
SERVICE COORDINATOR EXPEN	7442	7442
MISC ADMIN EXPENSES	2089	2089
OTHER RENTING EXPENSES	1035	1035

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	268462	Total
Program Services	268462	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	7308	BOY
EOY	11892	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	351	BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2159	BOY
EOY	2753	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	3611751	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	950728	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2757410	BOY
EOY	2661023	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	115478	BOY
EOY	126475	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	21842	BOY
EOY	19549	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2904548	BOY
EOY	2821692	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	8789	BOY
EOY	9617	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	271	BOY
EOY	62	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	11058	BOY
EOY	11670	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3404418	BOY
EOY	3405649	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-499870	BOY
EOY	-583957	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-499870	BOY
EOY	-583957	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2904548	BOY
EOY	2821692	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-84087	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
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	62082	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	51394	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	44896	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	43535	CurrentTaxYearMinus1Year
Current Tax Year	42493	CurrentTaxYear
Total	244400	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	62082	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	51394	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	44896	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	43535	CurrentTaxYearMinus1Year
Current Tax Year	42493	CurrentTaxYear
Total	244400	Total

Field	Value	IRS element (for citing)
Public Support Total170	244400	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	468	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	357	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	257	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	319	CurrentTaxYearMinus1Year
Current Tax Year	315	CurrentTaxYear
Total	1716	Total

Field	Value	IRS element (for citing)
Total Support	246116	TotalSupport
Gross Receipts From Admissions Etc	184060	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.99300	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.97910	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

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
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

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	729210	Depreciation
Book Value	2237568	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	308973	OtherCostOrOtherBasis
Depreciation	221518	Depreciation
Book Value	87455	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2661023	TotalOfBookValueLandBuildings
Total Revenue	184375	TotalRevenue
Total Expenses	268462	TotalExpenses
Excess Or Deficit For Year	-84087	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-84087	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	184375	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	184375	RevenueSubtotal
Total Revenue Per Form990	184375	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	268462	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	268462	ExpensesSubtotal
Total Expenses Per Form990	268462	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

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