2024-11-13T12:10:12-06:00 2023-12-31 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2023-01-01 232476941 HOLY TRINITY BAPTIST CHURCH ENT INC T/A FITZWATER HOMES PHASE II HOLY 6096468861 1818 BAINBRIDGE STREET PHILADELPHIA PA 19146 BEVERLY STEVENSON CHAIRWOMAN 6096468861 2024-11-13 1 0 ROBERT A KOZAK CPA P01060177 3015643636 2023 2024-10-15 13:58:12Z BEVERLY STEVENSON 36 SOUTH MAIN STREET PLEASANTVILLE NJ 08232 519966 0 X N/A X 1968 PA TO PROMOTE THE WELFARE OF THE NEEDY, ELDERLY AND HANDICAPPED FAMILIES THROUGH THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 6 6 0 0 0 0 357943 376447 129244 135836 189 1784 1272 5899 488648 519966 0 0 0 0 16239 70402 0 0 0 557226 666274 573465 736676 -84817 -216710 5346859 5108928 5688789 5667568 -341930 -558640 TO PROMOTE THE WELFARE OF THE NEEDY, ELDERLY AND HANDICAPPED FAMILIES THROUGH THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. 0 0 537820 141735 HOLY TRINITY BAPTIST CHURCH ENTERPRISES, INC. (A COMMONWEALTH OF PENNSYLVANIA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY PHILADELPHIA, PENNSYLVANIA, KNOWN AS FITZWATER HOMES PHASE II (THE "COMMUNITY"), PURSUANT TO SECTION 236 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. 537820 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 X COMMUNITY REALLY MANAGEMENT 6096468861 36 SOUTH MAIN STREET PLEASANTVILLE NJ 08232 BEVERLY STEVENSON CHAIRWOMAN 1.00 X X 0 0 0 BETTIE ROUNDTREE SECRETARY 1.00 X X 0 0 0 CORA FERGUSON DIRECTOR 1.00 X 0 0 0 ANTHONY FERGUSON DIRECTOR 1.00 X 0 0 0 PATRICIA WHACK DIRECTOR 1.00 X 0 0 0 LORRAINE EVANS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 376447 376447 TENANT RENTAL INCOME 531110 135836 135836 135836 1784 1784 MISC REVENUE 531110 5899 5899 5899 519966 141735 0 1784 66594 66594 3808 3808 26992 26992 9438 9438 33013 33013 2585 2585 193064 193064 133409 133409 44542 44542 BAD DEBT EXPENSE 104931 104931 MAINTENANCE CONTRACTS 48420 48420 UTILITIES 19048 19048 MISC. ADMINISTRATIVE 15207 15207 35625 26350 9275 736676 537820 198856 0 200911 79257 108370 75547 10365 10365 6551450 1861142 4823717 4690308 41398 38441 162098 215010 5346859 5108928 22293 29429 1495 1603 785111 792793 4879890 4843743 5688789 5667568 X -341930 -558640 -341930 -558640 5346859 5108928 -216710 0 X X 0 0 0 X 148600 154086 317474 357943 376447 1354550 148600 154086 317474 357943 376447 1354550 1354550 545 355 293 189 1784 3166 696 237 18865 1272 5896 26966 1384682 545788 0.97820 0.98010 X SCHEDULE A, PART II, LINE 10: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42000 42000 720588 704862 15726 5754729 1126598 4628131 34133 29682 4451 4690308 SECURITY DEPOSITS 6429 LOANS - DEVELOPMENT COST 4837314 4843743 X 519966 0 519966 0 519966 0 0 0 0 0 PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 (ASC740), INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. IT IS MANAGEMENT'S BELIEF THAT THE CORPORATION DOES NOT HOLD ANY UNCERTAIN TAX POSITION. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. AT A MINIMUM, THE DECEMBER 31, 2018 THROUGH 2020 TAX YEARS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERSHIP IN THE CORPORATION SHALL, AT ALL TIMES BE LIMITED TO INDIVIDUALS WHO ARE MEMBERS OF THE HOLY TRINITY BAPTIST CHURCH AND WHO HAVE THE APPROVAL OF THE BOARD OF DEACONS OF SAID CHURCH. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE NINE, AND SHALL BE ELECTED BY THE MEMBERS OF THE CORPORATION FROM THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8A LINE 8 EXPLANATION - THE BOARD DOES NOT HAVE REGULARLY DOCUMENTED MEETINGS. HOWEVER, BOARD MEMBERS COMMUNICATE FREQUENTLY AND A BOARD MEMBER AND THE TREASURER SHARE OFFICE SPACE IN THE SAME BUILDING AND COMMUNICATE OFTEN. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD OF DIRECTORS REVIEWS THE AUDIT BEFORE IT IS FINALIZED. ALL OF THE INFORMATION IN THE 990 IS BASED UPON THIS AUDITED AND REVIEWED INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C A BOARD MEETING IS HELD TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST (WRITTEN OR IN PERSON). FORM 990, PART XII, LINE 2: CHANGE OF OVERSIGHT OF AUDITING FUNCTION. THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY 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.