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      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>true</FederalGrantAuditRequiredInd>
      <FederalGrantAuditPerformedInd>true</FederalGrantAuditPerformedInd>
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      <PublicSupportCY170Pct>0</PublicSupportCY170Pct>
      <GiftsGrantsContrisRcvd509Grp>
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        <CurrentTaxYearMinus3YearsAmt>101558</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>91327</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>219313</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>98334</CurrentTaxYearAmt>
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      <GrossReceiptsNonUnrltBusGrp>
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        <CurrentTaxYearMinus3YearsAmt>101558</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>91327</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>219313</CurrentTaxYearMinus1YearAmt>
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      <AmountsRcvdDsqlfyPersonGrp>
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      <SubstantialContributorsAmtGrp>
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      <SubstAndDsqlfyPrsnsTotGrp>
        <TotalAmt>0</TotalAmt>
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      <PublicSupportTotal509Amt>600327</PublicSupportTotal509Amt>
      <TotalSupportCalendarYearGrp>
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      <InvestmentIncomeCYPct>0.00000</InvestmentIncomeCYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
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        <BookValueAmt>166089</BookValueAmt>
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        <DepreciationAmt>47785</DepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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        <DepreciationAmt>19052</DepreciationAmt>
        <BookValueAmt>101616</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>832003</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>TENANT SECURITY DEPOSITS</Desc>
        <Amt>3928</Amt>
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      <TotalLiabilityAmt>3928</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>98602</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>98602</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>98602</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>107953</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>107953</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>107953</TotalExpensesPerForm990Amt>
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    <IRS990ScheduleO documentId="IRS990ScheduleO-01" softwareId="23017509">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 3</FormAndLineReferenceDesc>
        <ExplanationTxt>MANAGEMENT DELEGATE IN NOVEMBER, 2007 SUSANNE SMITH MANAGEMENT COMPANY SIGNED A MANAGEMENT AGREEMENT TO PROVIDE MANAGEMENT SERVICES FOR THE APARTMENTS. THE FEE FOR THESE SERVICES IS 10% OF THE RESIDENTIAL INCOME COLLECTED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>ELECTION OF MEMBERS AND THEIR RIGHTS THE ORGANIZATION HAS DIRECTORS WHO MAY ELECT OTHER DIRECTORS AS NEEDED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>990 IS GIVEN TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>990 IS GIVEN TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other</FormAndLineReferenceDesc>
        <ExplanationTxt>ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES. THE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other</FormAndLineReferenceDesc>
        <ExplanationTxt>CORPORATION IS A NONPROFIT CORPORATION ORFANIZED UNDER THE LAWS OF THE STATE OF TEXAS ON JUNE 22, 2003, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 13 UNITS IN CARRIZO SPRINGS, TEXAS. THE CORPORATION WILL OPERATE UNDER THE PROVISIONS OF SECTION 202 OD THE NATIONAL AFFORADABLE HOUSING ACT AND BE REGULATED BY THE U.S DEPARTMENT HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECTS MAJOR PROGRAM IS ITS SECTION 202 CAPITAL ADVANCE AND PROJECT RENTAL ASSISTANCE. THE PROJECT HAS EXECUTED A CAPITAL ADVANCE AGREEMENT WITH US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OF HOUSING AND URBAN DEVELOPMENT (HUD, WHICH REQUIRES THE UTILIZATION OF THE PROJECT PURSUANT TO SECTION 202 FOR A MINIMUM OF 40 YEARS. THE PROJECT ENTERED INTO A RENTAL ASSISTANCE CONTRACT WITH HUD PURSUANT TO SECTION 202. UNDER THIS AGREEMENT HOUSING ASSISTANCE PAYMENTS ARE MADE ON BEHALF OF ELIGIBLE FAMILIES.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>