2024-02-13T10:07:34-06:00 2023-09-30 630721243 BORLAND BENEFIELD PC PO BOX 3196 AUBURN AL 36831 990 2022-10-01 311665967 COOSA VALLEY SENIORS HOUSING INC COOS 2056395134 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 MATT AUSTIN VICE CHAIRMAN 2056395134 2024-01-24 1 MATT AUSTIN XXX-XX-XXXX 1 MICHELLE M GRANBERRY P00210098 3347411050 2024-01-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MAIN AVENUE APARTMENTS MATT AUSTIN 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 250210 0 X WWW.SPM.NET X 2001 AL PROVIDE LOW COST HOUSING TO THE ELDERLY AND/OR DISABLED 8 8 0 8 0 0 138824 153011 84458 92361 53 1479 2705 3359 226040 250210 0 0 0 0 96822 87149 0 0 0 190776 200106 287598 287255 -61558 -37045 872824 822707 34793 21721 838031 800986 PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND/OR DISABLED 0 0 287255 95720 COOSA VALLEY HOUSING MAIN, INC D/B/A MAIN AVENUE APARTMENTS (PROJECT) IS A 24-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN SYLACAUGA, ALABAMA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. RENT SUBSIDY PAYMENTS ARE SUBJECT TO AVAILABILITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD. 287255 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 JESSE L CLEVELAND CHAIRMAN 1.00 X X 0 0 0 MATT AUSTIN VICE CHAIRMAN 1.00 X X 0 0 0 JIMMY DALE ABRAMS SECRETARY/TREASURER 1.00 X X 0 0 0 ROBERT BOWEN BOARD MEMBER 1.00 X 0 0 0 ROBERT MYLES LUCUS BOARD MEMBER 1.00 X 0 0 0 DENNIS E ELLIOTT BOARD MEMBER 1.00 X 0 0 0 CAROL R DYKES BOARD MEMBER 1.00 X 0 0 0 DR JON SEGARS BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 153011 153011 RESIDENT RENT 531390 92361 92361 92361 1479 1479 CABLE TV INCOME 531390 1766 1766 LAUNDRY/VENDING INCOME 531390 1191 1191 DAMAGE/CLEANING FEE IN 531390 347 347 55 55 3359 250210 95720 0 1479 77375 77375 3389 3389 6385 6385 17034 17034 221 221 11152 11152 2538 2538 6871 6871 46603 46603 34948 34948 270 270 9171 9171 10 10 36348 36348 8250 8250 REPAIRS & MAINTENANCE 26584 26584 COVID-19 RELATED EXPENS 106 106 287255 287255 0 0 249 250 6805 7960 1477028 818774 694602 658254 171168 156243 872824 822707 27506 14148 596 7287 6977 34793 21721 X -427869 -464914 1265900 1265900 838031 800986 872824 822707 -37045 0 X 0 1 X 0 1 1 X 159648 148313 141471 138824 153011 741267 87130 93684 85475 112417 111215 489921 246778 241997 226946 251241 264226 1231188 0 0 0 1231188 686 449 39 53 1479 2706 686 449 39 53 1479 2706 2028 2152 6814 2705 3359 17058 249492 244598 233799 253999 269064 1250952 0.98420 0.98580 0.00220 0.00110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2018 AMOUNT: $ 625. 2019 AMOUNT: $ 694. 2020 AMOUNT: $ 338. 2021 AMOUNT: $ 423. 2022 AMOUNT: $ 1,191. FORFEITED TENANT SECURITY DEPOSIT - 2018 AMOUNT: $ 197. 2019 AMOUNT: $ 18. 2021 AMOUNT: $ 538. 2022 AMOUNT: $ 55. CABLE TV INCOME - 2018 AMOUNT: $ 1,206. 2019 AMOUNT: $ 1,417. 2020 AMOUNT: $ 5,723. 2021 AMOUNT: $ 1,744. 2022 AMOUNT: $ 1,766. DAMAGE/CLEANING FEE INCOME - 2020 AMOUNT: $ 624. 2022 AMOUNT: $ 347. MISC - 2019 AMOUNT: $ 23. 2022 AMOUNT: $ 0. EARLY MOVE OUT INCOME - 2020 AMOUNT: $ 129. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46000 46000 1416990 804736 612254 14038 14038 0 658254 CASH - TENANT SECURITY DEPOSIT 6977 RESERVE FOR REPLACEMENT 148528 ROU ASSET 738 156243 TENANT SECURITY DEPOSITS 6677 PET DEPOSITS 300 6977 X 250210 0 250210 0 250210 287255 0 287255 0 287255 PART X, LINE 2: THE PROJECT IS A NOT-FOR-PROFIT 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