2024-04-16T15:44:44-04:00 2023-12-31 721314069 MADDOX & ASSOCIATES APC 5627 BANKERS AVE BLDG 2 BATON ROUGE LA 708082610 990 2023-01-01 800748834 GEORGE GERVIN WINGS OF HOPE GEOR 8303722600 6903 SUNBELT DR SOUTH SAN ANTONIO TX 782183336 BRAD PRAK MANAGEMENT AGENT 8303722600 2024-04-11 true BRAD PRAK 999009999 false WILLIAM B BEALE P00437323 2259263360 2024-04-16 2023 2023-04-26 12:10:37Z NATHAN HAWKINS 6903 SUNBELT DR SOUTH SAN ANTONIO TX 782183336 172535 false X X 2011 TX ORGANIZATION - THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON- PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 14 UNITS, UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. 3 3 0 0 0 138142 171996 157 539 0 138299 172535 0 0 40013 49076 0 0 157639 163433 197652 212509 -59353 -39974 1877079 1841579 22244 26718 1854835 1814861 X THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON-PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 14 UNITS, UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. false false 179455 171996 THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON-PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 14 UNITS, UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. 179455 true false false false false false false false false false true false false false true false 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 true 0 0 true 0 false false false false false false false false false false false false X 3 3 false true false false false true false true true false false true false false false false false false X PRAK PROPERTY MANAGEMENT INC 8303722600 PO BOX 990 SEGUIN TX 78156 X BARBARA GERVIN-HAWKINS PRESIDENT X 0 0 0 NATHAN HAWKINS VICE PRESIDE X 0 0 0 FRANCES BOYNES SECRETARY/TR X 0 0 0 false false false RENT REVENUE 531110 171996 171996 171996 539 539 172535 172535 42973 42973 2704 2704 3399 3399 17565 17565 4650 4650 9920 9920 9186 9186 28175 28175 424 424 54572 54572 1049 1049 MISC. OPERATING 35289 35289 MISC. ADMINISTRATIVE 2008 2008 MANAGEMENT CONSULTANT 495 495 MISC. TAXES 100 100 212509 179455 33054 0 3866 19231 209 9512 9705 2227739 448674 1818322 1779065 45170 33578 1877079 1841579 17622 21121 838 1513 3784 4084 22244 26718 X -57265 -97239 1912100 1912100 1854835 1814861 1877079 1841579 -39974 X false true X false true true X 122680 126765 125213 138142 171996 684796 122680 126765 125213 138142 171996 684796 684796 62 13 20 157 539 791 62 13 20 157 539 791 122742 126778 125233 138299 172535 685587 X 90000 90000 2132662 446437 1686225 5077 2237 2840 1779065 TENANT SECURITY DEPOSITS 4084 4084 172535 172535 172535 212509 212509 212509 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON-PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 14 UNITS, UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. FORM 990, PAGE 6, PART VI, LINE 3 THE PROJECT ENTERED INTO A MANAGEMENT AGREEMENT WITH PRAK PROPERTY MANAGEMENT, INC. THIS FEE IS 5.39% OF COLLECTED RENTAL INCOME PLUS A 54 PUPM ADD ON FEE. MANAGEMENT FEES EARNED BY THIS MANAGEMENT COMPANY FOR THE YEAR ENDED DECEMBER 31, 2023 WAS 17,565. FORM 990, PAGE 6, PART VI, LINE 7A THE PROJECT HAS DIRECTORS THAT CAN VOTE ON NEW DIRECTORS THAT ARE A PART OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE GOVERNING BODY REVIEWS THE FORM 990 WITH THE PROPERTY MANAGER, AND IF THERE ARE ANY QUESTIONS OR CONCERNS, THEY WILL BE ANSWERED PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING BODY WILL PROVIDE COPIES OF THE ORGANIZATIONAL DOCUMENTS, FINANCIAL STATEMENT OR FORM 990 UPON REQUEST.