2024-09-15T14:07:58-05:00 2024-04-30 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-05-01 591415041 RE-BUILD FOUNDATION INC RE-B 9547337700 4981 NW 13 STREET LAUDERHILL FL 33313 PATRICIA WILKS PRESIDENT 9547337700 2024-09-13 1 1 SAMUEL T BOERMA P00614373 8506500125 2023 2024-08-08 14:25:15Z LA LEE TERRACE APARTMENTS PATRICIA WILKS 4981 NW 13 STREET LAUDERHILL FL 33313 802026 0 X N/A X 1969 FL ADVANCED THE WELFARE OF THE COMMUNITY, THROUGH CONSTRUCTION, MAINTAINING AND OPERATING A SIXTY-FIVE (65) UNIT MULTIFAMILY GOVERNMENTAL ASSISTED HOUSING PROJECT FOR THE ELDERLY AND LOW-TO-MODERATE INCOME FAMILIES. 6 6 0 0 0 0 0 0 846447 793773 6073 8253 0 0 852520 802026 0 0 0 0 160604 160269 0 0 0 607859 571117 768463 731386 84057 70640 1157688 1201194 60504 33370 1097184 1167824 ADVANCED THE WELFARE OF THE COMMUNITY, THROUGH CONSTRUCTION, MAINTAINING AND OPERATING A SIXTY-FIVE (65) UNIT MULTIFAMILY GOVERNMENTAL ASSISTED HOUSING PROJECT FOR THE ELDERLY AND LOW-TO-MODERATE INCOME FAMILIES. 0 0 670703 793773 RENTAL OF 65 UNITS UNDER A HUD 221(D)(3) PROGRAM 670703 1 0 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 0 0 0 0 1 17 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 X PHASE HOUSING MANAGEMENT LLC 7708091218 4920 ATLANTA HIGHWAY SUITE 345 ALPHARETTA GA 30004 X KENNETH GOSIER DIRECTOR 1.00 X 0 0 0 THOMACINA GOSIER DIRECTOR 1.00 X 0 0 0 BOBBIE THOMAS PRESIDENT 2.00 X X 0 0 0 REV WILLIE COOK VICE PRESIDENT 1.00 X X 0 0 0 BARBARA ROBERTS SECRETARY, DIRECTOR 1.00 X X 0 0 0 JERELENE FRANKLIN TREASURER 1.00 X X 0 0 0 SHELONDA BROWN SECRETARY, TREASURER, DIRECTOR 1.00 X X 0 0 0 PATRICIA WILKS PRESIDENT 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 793103 793103 LAUNDRY & VENDING 531110 670 670 793773 8253 8253 802026 793773 0 8253 147106 147106 1724 1724 11439 11439 35591 35591 6416 6416 8925 8925 9068 9068 4158 3078 1080 138213 138213 1749 1749 29883 29883 133953 133953 REPAIRS & MAINTENANCE 165636 165636 BAD DEBT EXPENSE 23982 23982 MISCELLANEOUS ADMIN EXP 13338 13338 MISC TAXES, LICENSES, & 205 205 731386 670703 60683 0 26605 49708 14483 51047 93211 26107 2367693 1724551 334853 643142 688536 431190 1157688 1201194 30478 11831 11171 5787 18855 15752 60504 33370 X 1097184 1167824 1097184 1167824 1157688 1201194 70640 0 X 0 1 X 0 0 X 768349 780952 847303 846447 793773 4036824 768349 780952 847303 846447 793773 4036824 0 0 0 4036824 62 131 202 6073 8253 14721 62 131 202 6073 8253 14721 768411 781083 847505 852520 802026 4051545 0.99640 0.99840 0.00360 0.00160 X 105147 105147 1697767 1205055 492712 564779 519496 45283 643142 TENANT SECURITY DEPOSITS 21072 ESCROW DEPOSITS 36416 REPAIR ESCROW 370079 UTILITY DEPOSITS 3623 431190 TENANT SECURITY DEPOSITS 15752 15752 X 802026 0 802026 0 802026 731386 0 731386 0 731386 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, PHASE HOUSING MANAGEMENT, LLC, TO OPERATE THE APARTMENT COMPLEX AND TO VERIFY THAT THE TENANTS ARE IN COMPLIANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: COPY WAS PROVIDED FOR THE BOARD TO REVIEW LINE BY LINE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: HUD SETS THE SCALE FOR THE MANAGEMENT FEE AND MUST APPROVE ALL INCREASES. THE BOARD SELECTS THE CERTIFIED PROPERTY MANAGEMENT COMPANY WITH HUD'S APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: INFORMATION IS PRESENTED UPON REQUEST.