2024-11-13T13:35:58-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 570903378 THE BOWMAN LOW RENTAL HOUSING INC BOWM 8035361056 401 HARBISON BLVD 3A COLUMBIA SC 29212 ROOSEVELT MATTHEWS PRESIDENT 8038292086 2024-11-13 1 0 MICHELLE SIEBERT P01672419 3178485700 2023 2024-10-15 13:58:12Z ROOSEVELT MATTHEWS 8628 CHARLESTON HWY BOWMAN SC 29018 218787 0 X N/A X 1991 SC TO OPERATE A 24 UNIT COMMUNITY KNOWN AS CEDARWOOD VILLAS LOCATED IN BOWMAN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY OR DISABLED INDIVIDUALS. 2 0 0 0 0 0 150626 158974 54227 57109 105 2511 392 193 205350 218787 0 0 0 0 0 0 0 0 0 159892 149288 159892 149288 45458 69499 608656 663283 762343 747471 -153687 -84188 TO OPERATE A 24 UNIT COMMUNITY KNOWN AS CEDARWOOD VILLAS LOCATED IN BOWMAN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY OR DISABLED INDIVIDUALS. 0 0 88587 57109 TO OPERATE A 24 UNIT COMMUNITY KNOWN AS CEDARWOOD VILLAS LOCATED IN BOWMAN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY OR DISABLED INDIVIDUALS. 88587 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X NHE INC 8035361056 401 HARBISON BOULEVARD STE 3A COLUMBIA SC 29212 X ROOSEVELT MATTHEWS PRESIDENT 10.00 X 0 0 0 HATTIE GAINES SECRETARY/TREASURER 0.00 X 0 0 0 0 0 0 0 0 0 0 0 158974 158974 RENTAL INCOME 531110 57109 57109 57109 2511 2511 TENANT CHARGES 531110 193 193 193 218787 57109 0 2704 18165 18165 57 57 4250 4250 6430 6430 44782 44782 7621 7621 16313 16313 17221 17221 MANAGEMENT COMPANY EMPL 34449 2650 31799 149288 88587 60701 0 105194 171652 5590 6056 9306 16613 1426068 1173303 269081 252765 215370 211613 0 4115 4584 608656 663283 4828 5372 4 27 17368 17368 735645 720117 4498 4587 762343 747471 X -153687 -84188 -153687 -84188 608656 663283 69499 0 X X 0 1 X 1 1 1 X 138046 139285 145702 150626 158974 732633 138046 139285 145702 150626 158974 732633 732633 85 89 95 105 2511 2885 638 507 8555 392 193 10285 745803 257491 0.98230 0.98490 X SCHEDULE A, PART II, LINE 10: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34445 34445 1116412 971559 144853 236596 191639 44957 38615 10105 28510 252765 ESCROW DEPOSITS 12538 C RESERVE FOR REPLACEMENTS 199075 C 211613 SECURITY DEPOSITS 4587 4587 X 212287 0 212287 6500 6500 218787 139964 0 139964 9325 9325 149289 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 ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE FROM HAMPTON CHILD CARE AND BOWMAN LOW RENTAL 6,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIFFERENCE IN DEPRECIATION EXPENSE 9,325. ROOSEVELT MATTHEWS TO OPEN BANK ACCOUNT AND KEEP POSITIVE BALANCE X 3601 13134 0 1 0 ALL DIRECTORS TO MAKE THE NOTE PAYMENT X 4234 4234 0 1 0 17368 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT AGENT FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. 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 8A THE BOARD OF DIRECTORS DID NOT MEET DURING THE CURRENT YEAR. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD OF DIRECTORS DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION REVIEWS 990 WITH ACCOUNTANT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND FINANCIAL STATEMENT AVAILABLE TO PUBLIC UPON REQUEST FORM 990, 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.