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 452214227 GONZALES INDEPENDENCE HOMES INC GONZ 8303722600 PO BOX 990 SEGUIN TX 78156 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 JOHN REAKE PO BOX 990 SEGUIN TX 78156 330354 false X X 1995 TX THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 24 UNITS IN GONZALES, TEXAS. THE CORPORATION OPERATES UNDER THE PROVISIONS OF 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. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 811 CAPITAL ADVANCE. THE PROJECT PROVIDES HOUSING FOR THE MENTALLY DISABLED. 3 3 0 0 0 292654 328772 319 1582 0 292973 330354 0 0 54184 89906 0 0 263163 250211 317347 340117 -24374 -9763 1120192 1145836 1483100 1518507 -362908 -372671 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE US INTERNAL REVENUE LAW, OR TO THE SECRETARY OF HUD FOR THE TIME BEING EXCLUSIVELY FOR PUBLIC PURPOSES, IN PURSUANCE OF THE FOREGOING PURPOSES, THE CORPORATION SHALL HAVE THE POWER TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH A MENTAL ILLNESS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. false false 311070 328772 PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH A MENTAL ILLNESS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. 311070 true false false false false false false false false false true false false true 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 JOHN REAKE PRESIDENT X 0 0 0 PAT COMPTON VICE PRESIDE X 0 0 0 MAJORIE MALAER SECRETARY X 0 0 0 false false false RENTAL REVENUE 531110 328772 328772 328772 1582 1582 330354 330354 78302 78302 5165 5165 6439 6439 16852 16852 10630 10630 10134 10134 110968 110968 770 770 50038 50038 1843 1843 MISC OPERATING 44756 44756 MISC ADMINISTRATIVE 4220 3425 795 340117 311070 29047 0 4571 3405 360 39 20157 6010 1876515 857386 992251 1019129 102853 117253 1120192 1145836 8765 43411 458 1469300 1469300 5035 5338 1483100 1518507 X -362908 -372671 -362908 -372671 1120192 1145836 -9763 X false true X false true true X 278660 297842 290754 292654 328772 1488682 278660 297842 290754 292654 328772 1488682 1488682 362 50 36 319 1582 2349 362 50 36 319 1582 2349 279022 297892 290790 292973 330354 1491031 0.99840 0.99930 0.00000 0.00000 X 52000 52000 1610175 773090 837085 214340 84296 130044 1019129 REPLACEMENT RESERVE 111907 TENANT SECURITY DEPOSITS 5346 117253 SECURITY DEPOSITS PAYABLE 5338 5338 330354 330354 330354 340117 340117 340117 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE US INTERNAL REVENUE LAW, OR TO THE SECRETARY OF HUD FOR THE TIME BEING EXCLUSIVELY FOR PUBLIC PURPOSES, IN PURSUANCE OF THE FOREGOING PURPOSES, THE CORPORATION SHALL HAVE THE POWER TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH A MENTAL ILLNESS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. FORM 990, PAGE 6, PART VI, LINE 3 EFFECTIVE JULY 1, 2010 THE PROJECT ENTERED INTO A MANAGEMENT AGREEMENT WITH PRAK PROPERTY MANAGEMENT, INC. THIS FEE IS TO BE 4.25% OF COLLECTED RENTAL INCOME PLUS A 10 PER UNIT PER MONTH SPECIAL FEE. TOTAL FEES EARNED BY THIS MANAGEMENT COMPANY IN 2022 WERE 15,208. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION HAS BOARD MEMBERS, SOME OF WHICH ARE OFFICERS, THAT REVIEW OPERATIONS AND ACTIVITY AS REPORTED TO THEM BY THE MANAGEMENT COMPANY. 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, THEY WILL CONTACT THEIR ACCOUNTANT TO RESOLVE. FORM 990, PAGE 6, PART VI, LINE 19 THE PROJECT WILL RELEASE ITS GOVERNING DOCUMENTS, AUDITED FINANCIALS AND FORM 990 UPON REQUEST.