2024-10-22T12:56:18-05:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 561687491 MT MORIAH MANOR INC MTMO 3362464612 F202 ROBERT FLOYD DRIVE BOX 30 LEXINGTON NC 27292 DEE BRADFORD CHAIRPERSON 3362464612 2024-10-22 1 1 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z DEE BRADFORD F202 ROBERT FLOYD DRIVE BOX 30 LEXINGTON NC 27292 721219 0 X N/A X 1982 NC MT. MORIAH MANOR WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN LEXINGTON, NORTH CAROLINA, KNOWN AS MT. MORIAH MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULARTORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. ON DECEMBER 28, 2015, THE CORPORATION MERGED THE COMMUNITY WITH KIDRON KORNER, A RELATED TAX-EXEMPT 30-UNIT APARTMENT COMMUNITY LOCATED IN LEXINGTON, NORTH CAROLINA, AND IS OPERATING THEM BOTH UNDER ONE CORPORATION. DURING THE YEAR ENDED DECEMBER 31, 2015 KIDRON KORNER'S ASSETS, LIABILITIES AND NET ASSETS WERE MERGED WITH THE CORPORATION'S ASSETS. 9 9 0 0 0 0 411597 407137 281741 304867 -5090 -3876 10881 8919 699129 717047 0 0 0 0 0 0 0 0 0 703259 759201 703259 759201 -4130 -42154 1804193 1708508 2132946 2079415 -328753 -370907 X MT. MORIAH MANOR WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN LEXINGTON, NORTH CAROLINA, KNOWN AS MT. MORIAH MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULARTORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. ON DECEMBER 28, 2015, THE CORPORATION MERGED THE COMMUNITY WITH KIDRON KORNER, A RELATED TAX-EXEMPT 30-UNIT APARTMENT COMMUNITY LOCATED IN LEXINGTON, NORTH CAROLINA, AND IS OPERATING THEM BOTH UNDER ONE CORPORATION. DURING THE YEAR ENDED DECEMBER 31, 2015 KIDRON KORNER'S ASSETS, LIABILITIES AND NET ASSETS WERE MERGED WITH THE CORPORATION'S ASSETS. 0 0 598605 300695 MT. MORIAH MANOR WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN LEXINGTON, NORTH CAROLINA, KNOWN AS MT. MORIAH MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULARTORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. ON DECEMBER 28, 2015, THE CORPORATION MERGED THE COMMUNITY WITH KIDRON KORNER, A RELATED TAX-EXEMPT 30-UNIT APARTMENT COMMUNITY LOCATED IN LEXINGTON, NORTH CAROLINA, AND IS OPERATING THEM BOTH UNDER ONE CORPORATION. DURING THE YEAR ENDED DECEMBER 31, 2015 KIDRON KORNER'S ASSETS, LIABILITIES AND NET ASSETS WERE MERGED WITH THE CORPORATION'S ASSETS. 598605 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 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 0 0 1 0 0 0 X LAURA GRIMES 3367650424 PO BOX 25168 WINSTON SALEM NC 27114 X X DEE BRADFORD CHAIRMAN 1.00 X X 0 0 0 JOHN BOYD CO-CHAIRMAN 1.00 X X 0 0 0 RICHARD PURVIS SECRETARY 1.00 X X 0 0 0 ELLEN SMITH MEMBER 1.00 X 0 0 0 JOSH BEAUCHAMP MEMBER 1.00 X 0 0 0 KITTY DUNCAN MEMBER 1.00 X 0 0 0 LUTHER FRITTS MEMBER 1.00 X 0 0 0 PHYLLIS DAVIS MEMBER 1.00 X 0 0 0 DENNIS BRONSON MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 407137 407137 RENTAL INCOME 531110 304867 304867 304867 296 296 4172 -4172 -4172 -4172 TENANT CHARGES 531110 5356 5356 LAUNDRY & VENDING 531110 2958 2958 OTHER REVENUE-MISC. 531110 605 605 8919 717047 300695 0 9215 46828 46828 51 51 6271 6271 59 59 12650 12650 3067 3067 513228 513228 2281 2281 1480 1480 82519 82519 1675 1675 MTG CO EMPLOYEE CHARGEB 86234 86234 BAD DEBTS 2858 2858 759201 598605 160596 0 25578 4134 3607 3181 18909 21162 3240961 2143733 1132768 1097228 15966 -24614 100363 96015 507002 511402 1804193 1708508 54397 40421 1014 967 2038323 1980397 39212 57630 2132946 2079415 X -328753 -370907 -328753 -370907 1804193 1708508 -42154 0 X X 0 1 X 1 1 1 X 395808 420241 404529 411597 407137 2039312 259808 266294 276337 281741 304867 1389047 655616 686535 680866 693338 712004 3428359 0 0 0 3428359 260 203 148 162 296 1069 260 203 148 162 296 1069 9241 5457 3560 10881 8919 38058 665117 692195 684574 704381 721219 3467486 0.98870 0.98930 0.00030 0.00030 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. INCLUDED ON PAGE 9 LINE 7C IS A LOSS ON DISPOSAL OF DEPRECIABLE ASSETS OF $4,172. THE LOSS IS NOT BEING INCLUDED ON SCHEDULE A, PART III, LINE 10A BECAUSE IT DOES NOT MEET THE DEFINITION OF SUPPORT AS DEFINED IN SECTION 509(D) OF THE INTERNAL REVENUE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185451 185451 2467591 1806538 661053 356130 110159 245971 231789 227036 4753 1097228 SECURITY DEPOSITS 30846 OTHER RESERVES 426678 RESIDUAL RECEIPTS 53878 511402 SECURITY DEPOSITS 30117 ACCRUED WAGES PAYABLE 5261 ACCRUED PAYROLL TAXES PAYABLE 525 ACCRUED INTEREST PAYABLE 5892 RECAPTURE OF RESIDUAL RECEIPTS 15835 57630 X 721218 4171 4171 717047 0 717047 768105 8904 8904 759201 0 759201 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: G/L ON DISPOSAL OF FIXED ASSETS - TAX 4,171. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 8,182. G/L ON DISPOSAL OF FIXED ASSETS - BOOK 722. FORM 990, PART VI, SECTION A, LINE 3 MT. MORIAH MANOR, INC. IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPEERTY MANAGEMENT COMPANY. COMMUNITY MANGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE MT. MORIAH MANOR APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 6 DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE CORPORATION FROM THE MEMBERSHIP. THE DIRECTORS OF THE CORPORATION MUST, AT ALL TIMES, BE MEMBERS OF THE CORPORATION. NO NONMEMBER OF THE CORPORATION MAY SIT AS A DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP IN THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO ARE MEMBERS OF NORTH LEXINGTON BAPTIST CHURCH, LEXINGTON, DAVIDSON COUNTY, NORTH CAROLINA AND WHO HAVE THE APPROVAL OF THE DIRECTORS OF THE MT. MORIAH MANOR. FORM 990, PART VI, SECTION A, LINE 7B THE OFFICERS OF THE CORPORATION, AS PROVIDED BY THE BY-LAWS OF THE CORPORATION, SHALL BE ELECTED BY THE DIRECTORS OF THE CORPORATION, IN THE MANNER THEREIN SET OUT, AND SHALL SERVE UNTIL THEIR SUCCESSORS ARE ELECTED AND HAVE QUALIFIED. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISBURSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THIER REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PART VII, SECTION A, LINE 1A, COLUMN B ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, PART XII, LINE 2C THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. NORTH LEXINGTON BAPTIST CHURCH 201 MIZE ROAD LEXINGTON NC 27295 CHURCH-WORSHIP NC 501(C) 170(B)(1)(A)(I) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0