2024-11-14T11:45:56-00:00 2023-12-31 431794646 WELCH & ASSOCIATES LLC 2405 GRAND BOULEVARD SUITE 1040 KANSAS CITY MO 64108 990 2023-01-01 431425399 METRO TOWERS INC METR 8164441900 6138 CITADEL KANSAS CITY MO 64110 FRED GIBBS PRESIDENT MANAGMENT AGENT 9137091811 2024-11-14 true true BRIAN D WELCH P00177410 8167562620 2024-10-25 2023 2024-10-15 13:58:12Z BRENDA SYLVAN 6138 CITADEL KANSAS CITY MO 64110 488811 false X X 1986 MO PROVIDE SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY PERSONS. 8 8 0 8 0 354698 334591 135715 153273 608 947 0 491021 488811 0 0 0 0 0 534188 578585 534188 578585 -43167 -89774 2050635 1996105 2669875 2705119 -619240 -709014 PROVIDE SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY PERSONS. false false 459301 153273 THE ORGANIZATION OPERATED A 56-UNIT APARTMENT COMPLEX IN KANSAS CITY, MISSOURI PROVIDING SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. 459301 true true false false false false false false true false true false false true false 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 5 0 0 false false false false false false false false false false false false false X 8 8 false true false false false false false true false false false true true false false false true false false false X FK GIBBS COMPANY LLC 8168414898 1505 NE PARVIN ROAD SUITE 1520 KANSAS CITY MO 64116 X BRENDA SYLVAN PRESIDENT 001.00 X X 0 0 0 LINDA JOHNSON SECRETARY 001.00 X X 0 0 0 KIM EDWARDS DIRECTOR 000.50 X 0 0 0 LELIE SHELTON DIRECTOR 000.50 X 0 0 0 HELEN CASEY DIRECTOR 001.00 X 0 0 0 LOUISE ARTERBERY DIRECTOR 000.50 X 0 0 0 RORY KIRK DIRECTOR 000.50 X 0 0 0 ANNETE PRESTON DIRECTOR 000.50 X 0 0 0 false false false 334591 334591 Rental and ancillary Income 531110 153273 153273 153273 947 947 488811 153273 947 0 0 0 0 0 0 0 0 0 0 24172 12086 12086 9336 4668 4668 11340 11340 0 0 0 0 30408 15206 15202 0 0 89251 80329 8922 0 0 0 119728 107756 11972 0 79427 71486 7941 6703 6033 670 Management company reimbursed expenses 131204 90668 40536 Supplies 57446 51700 5746 Bad debts 17465 17465 2105 1904 201 578585 459301 119284 0 1787 1601 2793 5676 24531 25418 2632403 1171490 1498018 1460913 523506 502497 2050635 1996105 70601 147810 3394 601 14770 15074 2581110 2541634 2669875 2705119 X -865293 -955067 246053 246053 -619240 -709014 2050635 1996105 -89774 X false true X true true true X 285596 231691 298603 354698 334591 1505179 115101 99552 135187 135715 153273 638828 400697 331243 433790 490413 487864 2144007 2144007 2902 12 5 608 947 4474 0 2902 12 5 608 947 4474 0 26138 1360 27498 429737 332615 433795 491021 488811 2175979 0.98530 0.98540 0.00210 0.00200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true X 94500 94500 2054629 881637 1172992 171323 152455 18868 10920 9471 1449 301031 127927 173104 1460913 Financial derivatives and other financial products Closely-held equity interests Restricted Deposits - Security Deposits held in trust 12650 Restricted Deposits - Mortgage Escrows 14062 Restricted Deposits - Mortgage Reserves 34321 Restricted Deposis per HUD 441464 502497 Federal income taxes 488811 488811 488811 578585 578585 578585 IV 2b The Organization collects security deposits from its resident tenants that are refunded/retained at the time the tenant moves out depending on any outstanding charges owed by the tenant. Form 990, Part VI, Section A, Line 3 The Organization employs a management company to oversee the day-to-day rental activities. Form 990, Part VI, Section A, Line 8b This question is not applicable because committees cannot bind the Organization without board approval. However, the question must be answered to electronically file. Accordingly, we checked no to signify that the question is not applicable. Form 990, Part VI, Section B, Line 11b This tax return was prepared the the external audit firm and reviewed by the management company. Once approved by the management company, the tax return is provided to the entire board for review prior to filing. Form 990, Part VI, Section B, Line 15 a,b These questions are not applicable because we did not pay compensation to anyone meeting the description of these questions. However, the questions must be answered to electronically file. Accordingly, we checked no to indicate that the process does not exist because it is not necessary. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, financial statements, and Formm 990 tax returns are made available upon request.