2024-02-13T10:07:34-06:00 2023-09-30 630721243 BORLAND BENEFIELD PC PO BOX 3196 AUBURN AL 36831 990 2022-10-01 570892097 CHEROKEE HOUSING CORPORATION CHER 2059331020 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 LARRY PAUL MADDOX PRESIDENT 2059331020 2024-01-16 1 LARRY PAUL MADDOX XXX-XX-XXXX 1 MICHELLE M GRANBERRY P00210098 3347411050 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHEROKEE MANOR LARRY PAUL MADDOX 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 477077 0 X WWW.SPM.NET X 1991 AL PROVIDE LOW COST HOUSING FOR THE ELDERLY AND DISABLED 8 8 0 8 0 0 305476 332159 128967 140136 67 352 5023 4430 439533 477077 0 0 0 0 101310 103501 0 0 0 390947 400280 492257 503781 -52724 -26704 1049364 994314 1811130 1782784 -761766 -788470 PROVIDE LOW COST HOUSING FOR THE ELDERLY AND DISABLED 0 0 503781 144566 CHEROKEE HOUSING CORPORATION D/B/A CHEROKEE MANOR (PROJECT) IS A 50-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN CENTRE, ALABAMA. THE PROJECT WAS ORIGINALLY FINANCED AND CONSTRUCTED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AND WAS RESTRUCTURED UNDER THE 223(F) PROGRAM. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. RENT SUBSIDY PAYMENTS ARE SUBJECT TO AVAILABLITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD. 503781 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 X SPM PROPERTY MANAGEMENT LLC GINGER BULLINGTON 2056395134 1103 RICHARD ARRINGTON JR BLVD BIRMINGHAM AL 35205 X LARRY PAUL MADDOX PRESIDENT 2.00 X X 0 0 0 TRACEY BISHOP VICE PRESIDENT 2.00 X X 0 0 0 LOWELL HAMILTON BOARD MEMBER 2.00 X 0 0 0 MELVYN SALTER BOARD MEMBER 2.00 X 0 0 0 IRIS TILLERY BOARD MEMBER 2.00 X 0 0 0 CHAD HOPPER BOARD MEMBER 2.00 X 0 0 0 PAULA PRUITT BOARD MEMBER 2.00 X 0 0 0 LANNY STARR BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 332159 332159 PROGRAM SERVICE - RENT 531390 140136 140136 140136 352 352 CABLE TV 531390 3407 3407 LAUNDRY/VENDING 531390 1023 1023 4430 477077 144566 0 352 86969 86969 10226 10226 6306 6306 28326 28326 821 821 12400 12400 9832 9832 368 368 27074 27074 72665 72665 2786 2786 78756 78756 87100 87100 9632 9632 REPAIRS & MAINTENANCE 70521 70521 ROUNDING -1 -1 503781 503781 0 0 333 10482 2025 2715 15969 17695 2541472 1692435 936137 849037 94900 114385 1049364 994314 53862 62524 2529 132 1741526 1706734 13213 13394 1811130 1782784 X -761766 -887378 98908 -761766 -788470 1049364 994314 -26704 0 X 0 1 X 0 1 1 X 269706 271874 311706 305476 332159 1490921 140986 142357 125513 128967 140136 677959 410692 414231 437219 434443 472295 2168880 0 0 0 2168880 432 205 73 67 352 1129 432 205 73 67 352 1129 84675 2511 11708 5023 4430 108347 495799 416947 449000 439533 477077 2278356 0.95190 0.95140 0.00050 0.00040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2018 AMOUNT: $ 1,052. 2019 AMOUNT: $ 793. 2020 AMOUNT: $ 1,304. 2021 AMOUNT: $ 1,427. 2022 AMOUNT: $ 1,023. MISC REVENUE - 2018 AMOUNT: $ 271,799. 2021 AMOUNT: $ 986. FORFEITED TENANT SECURITY DEPOSITS - 2019 AMOUNT: $ 1,078. 2020 AMOUNT: $ 404. CABLE TV INCOME - 2020 AMOUNT: $ 10,000. 2021 AMOUNT: $ 2,418. 2022 AMOUNT: $ 3,407. ELECTRICITY REIMB INCOME - 2018 AMOUNT: $ 158. 2019 AMOUNT: $ 640. INSUANCE CLAIM OR LOSS - 2018 AMOUNT: $ -188,334. DAMAGE/CLEANING FEE INCOME - 2021 AMOUNT: $ 192. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29781 29781 2452548 1633292 819256 25667 25667 0 33476 33476 0 849037 TENANT SECURITY DEPOSITS 13394 INSURANCE ESCROW 14708 MIP ESCROW 3325 RESTRICTED DEPOSITS 80875 RIGHT OF USE ASSET 2083 114385 TENANT SECURITY DEPOSITS 13394 13394 X 477077 0 477077 0 477077 503781 0 503781 0 503781 PART X, LINE 2: THE PROJECT IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; HOWEVER, THE PROJECT IS SUBJECT TO INCOME TAX FOR CERTAIN UNRELATED BUSINESS ACTIVITIES, WHICH GENERATE TAXABLE INCOME. THERE WAS NO SUCH UNRELATED TRADE OR BUSINESS INCOME OR TAXES PAID FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. THE PROJECT FILES A TAX RETURN IN THE UNITED STATES (U.S.) FEDERAL JURISDICTION. THE BOARD OF DIRECTORS EVALUATED THE PROJECT'S TAX POSITION AND CONCLUDED THAT THE PROJECT HAS NOT ENTERED INTO ANY EVENTS OR TRANSACTIONS THAT WOULD DISQUALIFY ITS TAX EXEMPT STATUS OR HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT WOULD CAUSE THE PROJECT TO INCUR INCOME TAXES OR PENALTIES AT THE ENTRY LEVEL. WITH FEW EXCEPTIONS, THE PROJECT IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORTIES FOR YEARS BEFORE SEPTEMBER 30, 2020. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES HAVE BEEN DELEGATED TO SPM PROPERTY MANAGMENT, LLC FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BODY OF THE ORGANIZATION, PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). SPM PROPERTY MANAGEMENT 1103 RICHARD ARRINGTON JR BLVD SOUT BIRMINGHAM AL 35205 PROPERTY MANAGEMENT AL S 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0