2024-02-13T11:40:27-06:00 2023-09-30 630721243 BORLAND BENEFIELD PC PO BOX 3196 AUBURN AL 36831 990 2022-10-01 581906907 CULLMAN SENIOR HOUSING INC CULL 2057155197 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 TAYANA MILLWOOD PRESIDENT 2057155197 2024-01-16 1 TAYANA MILLWOOD XXX-XX-XXXX 1 MICHELLE M GRANBERRY P00210098 3347411050 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NESMITH PARK APARTMENTS TAYANA MILLWOOD 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 509224 0 X WWW.SPM.NET X 1992 AL PROVIDE LOW COST HOUSING TO THE ELDERLY AND/OR DISABLED 4 4 0 4 0 0 347075 346192 143509 157109 284 1464 4591 4459 495459 509224 0 0 0 0 123082 127654 0 0 0 403243 404020 526325 531674 -30866 -22450 1344439 1306742 2008636 1993390 -664197 -686648 PROVIDE LOW INCOME HOUSING TO ELDERLY & DISABLED 0 0 531674 161568 CULLMAN SENIOR HOUSING, INC. D/B/A NESMITH PARK APARTMENTS (PROJECT) IS A 53-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN CULLMAN, 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 IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PROGRAM (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. 531674 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 4 4 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 TAYANA MILLWOOD PRESIDENT 2.00 X X 0 0 0 SHELIA GENTRY VICE PRESIDENT 2.00 X X 0 0 0 BARBARA TRIGO SECTETARY/TREASURER 2.00 X X 0 0 0 OLEN DAN STEVENS BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 346192 346192 PROG.SERV.REVENUE-RELA 531390 157109 157109 157109 1464 1464 CABLE TV INCOME 531390 2240 2240 LAUNDRY & VENDING 531390 820 820 DAMAGE/CLEANING FEES 531390 761 761 638 638 4459 509224 161568 0 1464 111023 111023 8555 8555 8076 8076 30743 30743 130 130 12544 12544 11989 11989 1228 1228 30830 30830 74496 74496 2916 2916 88352 88352 81755 81755 9428 9428 REPAIRS & MAINTENANCE 59609 59609 531674 531674 0 0 526 1920 6198 16767 18861 2649334 1729295 976804 920039 344144 365922 1344439 1306742 15736 39295 304 560 1977958 1937999 14638 15536 2008636 1993390 X -993703 -1037034 329506 350386 -664197 -686648 1344439 1306742 X -22450 -1 X 0 1 X 0 1 1 X 337194 345222 340157 347075 346192 1715840 131887 142424 152193 143509 157109 727122 469081 487646 492350 490584 503301 2442962 0 0 0 2442962 802 632 336 284 1464 3518 802 632 336 284 1464 3518 5260 4286 14698 4591 4459 33294 475143 492564 507384 495459 509224 2479774 0.98520 0.98490 0.00140 0.00100 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2018 AMOUNT: $ 1,002. 2019 AMOUNT: $ 485. 2020 AMOUNT: $ 339. 2021 AMOUNT: $ 895. 2022 AMOUNT: $ 820. FORFEITED TENANT SECURITY DEPOSIT - 2018 AMOUNT: $ 753. 2019 AMOUNT: $ 416. 2020 AMOUNT: $ 159. 2021 AMOUNT: $ 537. 2022 AMOUNT: $ 117. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 186. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. AGREEMENT EXPENSE RECOVERY - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 269. DAMAGE/CLEANING FEES - 2018 AMOUNT: $ 959. 2019 AMOUNT: $ 563. 2020 AMOUNT: $ 595. 2021 AMOUNT: $ 664. 2022 AMOUNT: $ 761. CABLE TV INCOME - 2018 AMOUNT: $ 2,342. 2019 AMOUNT: $ 2,811. 2020 AMOUNT: $ 13,520. 2021 AMOUNT: $ 2,267. 2022 AMOUNT: $ 2,240. WATER SEWER REIMB INCOME - 2018 AMOUNT: $ 18. 2019 AMOUNT: $ 11. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. GIFTS/MEMORIAL - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 65. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. PEST CONTROL RECOVERY - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 20. 2021 AMOUNT: $ 228. 2022 AMOUNT: $ 252. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83947 83947 2433549 1622447 811102 24990 24990 106848 106848 0 920039 TENANT SECURITY DEPOSIT 15536 RESERVE FOR REPLACEMENT 302406 INSURANCE ESCROW 43907 MIP ESCROW 4073 365922 TENANT SECURITY DEPOSITS 15236 PET DEPOSITS 300 15536 X 509224 0 509224 0 509224 531674 0 531674 0 531674 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 TAX 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 ENTITY LEVEL. WITH FEW EXCEPTIONS, THE PROJECT IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE SEPTEMBER 30, 2020. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES HAVE BEEN DELEGATED TO SPM PROPERTY MANAGEMENT, 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). FORM 990, PART XI, LINE 9: ROUNDING -1. SPM PROPERTY MANAGAMENT 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