2024-06-04T23:43:31-05:00 2023-09-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-10-01 561058564 F B C CORPORATION FBCC 7048825415 300 EAST JOHN STREET 138 MATTHEWS NC 28105 MR JOSEPH WASHINGTON PRESIDENT 7048825415 2024-05-01 1 MR JOSEPH WASHINGTON 999009999 0 CASEY H PATTERSON P01281279 3362944494 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR JOSEPH WASHINGTON 300 EAST JOHN STREET 138 MATTHEWS NC 28105 1455718 0 X N/A X 1970 NC THE CORPORATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN FAYETTEVILLE, NC. 19 19 0 19 0 0 1069288 1107511 343286 327697 24235 607 1551 19903 1438360 1455718 0 0 0 0 0 0 0 0 0 1483284 1615789 1483284 1615789 -44924 -160071 8179810 7901199 9070269 8951729 -890459 -1050530 THE CORPORATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN FAYETTEVILLE, NC. 0 0 1551982 347600 PROVIDED HOUSING FOR LOW AND MODERATE INCOME FAMILIES 1551982 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 1 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MULTIFAMILY SELECT INC 8557917371 300 EAST JOHN STREET STE 138 MATTHEWS NC 28105 X JIMMIE POWELL CHAIRMAN 0.00 X X 0 0 0 BELVIA WILLIAMS SECRETARY 0.00 X X 0 0 0 JAMIE ELLIOT DIRECTOR 0.00 X 0 0 0 MAXWELL HEADLEY TREASURER 0.00 X X 0 0 0 GLORIA JOHNSON DIRECTOR 0.00 X 0 0 0 CORNELIUS WADDELL DIRECTOR 0.00 X 0 0 0 HELEN FARRIOR DIRECTOR 0.00 X 0 0 0 JOSEPH WASHINGTON PRESIDENT 0.00 X X 0 0 0 RALEIGH PURDIE DIRECTOR 0.00 X 0 0 0 JOHN COBB DIRECTOR 0.00 X 0 0 0 HILTON VILLINES DIRECTOR 0.00 X 0 0 0 JANICE SMITH-COAXUM ASST. SECRETARY 0.00 X X 0 0 0 EARL RAY DIRECTOR 0.00 X 0 0 0 EFFIE MCMILLAN DIRECTOR 0.00 X 0 0 0 LAVAR WRIGHT DIRECTOR 0.00 X 0 0 0 LEWIS THOMAS DIRECTOR 0.00 X 0 0 0 NAKEIA WILLIS DIRECTOR 0.00 X 0 0 0 RICHARD VANN DIRECTOR 0.00 X 0 0 0 DORIS MCCULLOUGH HILTON DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 1107511 1107511 TENANT RENTAL PAYMENTS 531110 315403 315403 LAUNDRY & VENDING 531110 6205 6205 TENANT CHARGES 531110 6089 6089 327697 607 607 MISCELLANEOUS 900099 19903 19903 19903 1455718 347600 0 607 X 120639 120639 1984 1984 43600 43600 32371 32371 182603 182603 230705 230705 304048 304048 93106 93106 CONTRACTS 149971 149971 PAYROLL REIMBURSEMENT 83844 83844 SUPPLIES 68362 68362 MANAGER SALARY REIMBURS 63122 63122 241434 221227 20207 1615789 1551982 63807 0 610416 582332 34971 71272 24765 26937 10549226 3811674 6924056 6737552 213356 207873 372246 275233 8179810 7901199 91249 101264 2529 9434 8945882 8811194 30609 29837 9070269 8951729 X -890459 -1050530 -890459 -1050530 8179810 7901199 -160071 0 X 0 1 X 1 1 1 X 1124731 1094135 1094180 1069288 1107511 5489845 1124731 1094135 1094180 1069288 1107511 5489845 5489845 305 252 196 104 607 1464 5491309 1537167 0.99970 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68641 68641 9049280 2940635 6108645 969274 722359 246915 462031 148680 313351 6737552 TENANT SECURITY DEPOSITS 29837 29837 X 1455718 0 1455718 0 1455718 1615789 0 1615789 0 1615789 PART X, LINE 2: 'IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE MANAGEMENT PRIOR TO ITS SIGNING AND MAILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH BOARD MEMBER, STAFF MEMBER, AND MANAGEMENT AGENT WILL BE REQUIRED TO SIGN A DOCUMENT ATTESTING TO THEIR INDEPENDENCE AND LACK OF CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON WRITTEN REQUEST FORM 990, PART IX, LINE 24E GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 39,180. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,180. OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 37,976. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,976. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 37,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,063. OTHER ENTITY EXPENSES: PROGRAM SERVICE EXPENSES 34,486. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,486. MORTGAGE INSURANCE PREMIUMS: PROGRAM SERVICE EXPENSES 22,183. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,183. MISC. ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,207. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,207. PAYROLL TAXES REIMBURSEMENT: PROGRAM SERVICE EXPENSES 16,474. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,474. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 11,624. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,624. MISC. OPERATING & MAINTENANCE EXPENSE: PROGRAM SERVICE EXPENSES 7,117. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,117. HEATING/COOLING REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 5,976. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,976. BAD DEBTS: PROGRAM SERVICE EXPENSES 5,848. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,848. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 3,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,300.