2024-02-13T10:07:34-06:00 2023-09-30 630721243 BORLAND BENEFIELD PC PO BOX 3196 AUBURN AL 36831 990 2022-10-01 631073021 LIMESTONE SENIOR HOUSING INC LIME 2059331020 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 BETTY RUTH OLIVER PRESIDENT 2059331020 2024-01-16 1 BETTY RUTH OLIVER XXX-XX-XXXX 1 MICHELLE M GRANBERRY P00210098 3347411050 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRANCH CREEK APARTMENTS BETTY RUTH OLIVER 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 397452 0 X WWW.SPM.NET X 1993 AL PROVIDE LOW INCOME HOUSING TO ELDERLY & DISABLED 10 10 0 0 0 0 175349 181004 192077 211887 36 968 15262 3593 382724 397452 0 0 0 0 107811 106792 0 0 0 347250 359769 455061 466561 -72337 -69109 958112 894434 29259 34690 928853 859744 PROVIDE LOW INCOME HOUSING TO ELDERLY & DISABLED 0 0 466561 215480 LIMESTONE SENIOR HOUSING, INC. D/B/A BRANCH CREEK APARTMENTS (PROJECT) IS A 55-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN ATHENS, 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 AVAILABLITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD. 466561 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 10 10 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 BETTY RUTH OLIVER CHAIRMAN 2.00 X X 0 0 0 HELEN CARTER VICE CHAIRMAN 2.00 X X 0 0 0 DARYL SAMMET SECRETARY/TREASURER 2.00 X X 0 0 0 DEAN MORGAN BOARD MEMBER 2.00 X 0 0 0 ROBERT MALONE BOARD MEMBER 2.00 X 0 0 0 RONNIE MARKS BOARD MEMBER 2.00 X 0 0 0 LYNN RAGER BOARD MEMBER 2.00 X 0 0 0 AMY GOLDEN BOARD MEMBER 2.00 X 0 0 0 SUSIE BRANDINO BOARD MEMBER 2.00 X 0 0 0 LESLIE WARREN BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 181004 181004 PROG.SERV.REVENUE-RELA 531390 211887 211887 211887 968 968 LAUNDRY/VENDING INCOME 531390 1862 1862 CABLE TV INCOME 531390 1098 1098 DAMAGE/CLEANING FEE IN 531390 381 381 252 252 3593 397452 215480 0 968 91979 91979 8055 8055 6758 6758 38009 38009 130 130 12640 12640 2263 2263 2068 2068 39496 39496 94794 94794 1521 1521 63227 63227 10043 10043 REPAIRS & MAINTENANCE 95577 95577 ROUNDING 1 1 466561 466561 0 0 11973 54 446 12027 14304 2627636 1874364 809950 753272 124162 126358 958112 894434 12345 17785 16914 16905 29259 34690 X -1417547 -1486656 2346400 2346400 928853 859744 958112 894434 -69109 0 X 0 1 X 0 1 1 X 110143 152242 172793 175349 181004 791531 193597 202203 199001 192078 211887 998766 303740 354445 371794 367427 392891 1790297 0 0 0 1790297 559 264 34 36 968 1861 559 264 34 36 968 1861 9226 4153 3366 15262 3593 35600 313525 358862 375194 382725 397452 1827758 0.97950 0.97930 0.00100 0.00060 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2018 AMOUNT: $ 1,028. 2019 AMOUNT: $ 1,363. 2020 AMOUNT: $ 1,270. 2021 AMOUNT: $ 2,002. 2022 AMOUNT: $ 1,862. FORFEITED DEPOSITS - 2018 AMOUNT: $ 968. 2019 AMOUNT: $ 32. 2020 AMOUNT: $ 191. 2021 AMOUNT: $ 254. 2022 AMOUNT: $ 154. DAMAGE CLEANING FEE INCOME - 2018 AMOUNT: $ 1,191. 2019 AMOUNT: $ 258. 2020 AMOUNT: $ 10. 2021 AMOUNT: $ 252. 2022 AMOUNT: $ 381. CABLE TV INCOME - 2018 AMOUNT: $ 1,547. 2019 AMOUNT: $ 2,500. 2020 AMOUNT: $ 1,645. 2021 AMOUNT: $ 12,663. 2022 AMOUNT: $ 1,098. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 4,125. 2020 AMOUNT: $ 250. 2021 AMOUNT: $ 46. 2022 AMOUNT: $ 98. LEGAL/COLLECTION FEES RECOVERY - 2018 AMOUNT: $ 367. AGREEMENT EXPENSE RECOVERY - 2021 AMOUNT: $ 45. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111000 111000 2368388 1726225 642163 148248 148139 109 753272 ESCROW DEPOSITS 30334 TENANT DEPOSITS HELD IN TRUST 16905 REPLACEMENT RESERVE 74079 MISCELLANEOUS 5040 126358 TENANT DEPOSITS HELD IN TRUST 16905 16905 X 397452 0 397452 0 397452 466561 0 466561 0 466561 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). 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