2024-05-06T09:23:25-05:00 2023-12-31 621046406 JOHNSON HICKEY & MURCHISON PC 2215 OLAN MILLS DRIVE CHATTANOOGA TN 37421 990 2023-01-01 621158638 PICKETT CO DEVELOPMENT COMMISSION HILL CREST APARTMENTS PICK 9318648664 1104 ENGLAND DRIVE COOKEVILLE TN 38501 DAVE HARER CHAIRPERSON 9318648664 2024-05-06 1 DAVE HARER XXX-XX-XXXX 1 DEREK YOUNG P01350589 4237560052 2024-05-06 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z HILLCREST APARTMENTS INC DAVE HARER 1104 ENGLAND DRIVE COOKEVILLE TN 38501 185489 0 X N/A X 1975 TN THIS PROJECT HAS A COMMITMENT TO SERVE THE ELDERLY AND DISABLED THROUGH AFFORDABLE HOUSING AND MAKE EVERY EFFORT TO PROVIDE AN ENVIRONMENT CONDUCIVE TO THE WELL BEING OF THE INDIVIDUAL. 4 4 0 4 0 0 113101 117372 57541 66793 77 82 2443 1242 173162 185489 0 0 0 0 0 0 0 0 0 162635 201760 162635 201760 10527 -16271 358279 328796 710871 697659 -352592 -368863 THIS PROJECT HAS A COMMITMENT TO SERVE THE ELDERLY AND DISABLED THROUGH AFFORDABLE HOUSING AND MAKE EVERY EFFORT TO PROVIDE AN ENVIRONMENT CONDUCIVE TO THE WELL BEING OF THE INDIVIDUAL. 0 0 182632 68035 THE ORGANIZATION IS A 24-UNIT APARTMENT COMPLEX ORGANIZED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY HUD. TENANT RENTAL ASSISTANCE IS PROVIDED BY HUD. 182632 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 TN X HILLCREST APARTMENTS 9318648664 115 HILLCREST DRIVE BYRDSTOWN TN 38549 X DAVID HARER CHAIRMAN 1.00 X X 0 0 0 JOETTE VICK SECRETARY 1.00 X X 0 0 0 BILLY ROBBINS DIRECTOR 1.00 X 0 0 0 ERIC THOMAS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 117372 117372 RENTAL REVENUE 532000 66793 66793 66793 82 82 OTHER INCOME 900099 1242 1242 1242 185489 68035 0 82 X 12972 12972 6156 6156 40015 40015 394 394 3803 3803 20232 20232 779 779 29570 29570 31928 31928 7640 7640 CONTRACTS 29679 29679 SUPPLIES 14840 14840 MORTGAGE INSURANCE PREM 2752 2752 BAD DEBT 1000 1000 201760 182632 19128 0 5338 507 2326 4525 3532 4019 1102981 862463 272446 240518 74637 79227 358279 328796 12043 12993 693733 679038 5095 5628 710871 697659 X -352592 -368863 -352592 -368863 358279 328796 -16271 0 X 0 1 X 1 1 1 X 107689 100281 98061 113101 117372 536504 107689 100281 98061 113101 117372 536504 536504 59 65 68 77 82 351 10525 878 2827 2443 1242 17915 554770 283558 0.96710 0.85370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15000 15000 1050193 824675 225518 37788 37788 0 240518 REPLACEMENT ACCOUNT 66092 SECURITY DEPOSIT 5290 INSURANCE ACCOUNT 7525 UTILITY DEPOSITS 320 79227 TENANT SECURITY DEPOSITS 5290 PREPAID REVENUE 338 5628 X 193007 7518 7518 185489 0 185489 209278 7518 7518 201760 0 201760 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE ORGANIZATION IS NOT SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT FREE UNIT 7,518. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE RENT FREE UNIT 7,518. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THE ORGANIZATION IS PERFORMED BY CUMBERLAND REGIONAL DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD MEMBERS REVIEW A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 40,015. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,015. CUMBERLAND REGIONAL DEVELOPMENT CORPORATION 1104 ENGLAND DRIVE COOKEVILLE TN 38501 621651393 MANAGEMENT TN 501(C) 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0