2024-05-02T08:52:57-04:00 2023-12-31 710667874 JIMMY D HALL & ASSOCIATES CPA'S 3307 OLD GREENWOOD RD STE C FORT SMITH AR 729035459 990 2023-01-01 710775762 PARKLANE APARTMENTS INC PARK 4797827268 PO BOX 1526 FORT SMITH AR 72902 FARRELL SEXTON PRESIDENT 4797827268 2024-04-28 true FARRELL SEXTON 999009999 true JIMMY D HALL CPA P00525530 4797833100 2024-04-28 2023 2023-04-26 12:10:37Z FARRELL SEXTON PO BOX 1526 FORT SMITH AR 72902 603974 false X N/A X 1972 AR OPERATES LOW INCOME HOUSING 3 0 2 0 0 577447 603794 20 180 0 577467 603974 0 0 139277 133108 0 0 383731 429114 523008 562222 54459 41752 1288372 1306792 831703 808371 456669 498421 OPERATES LOW INCOME HOUSING false false 492024 603794 OWNS AND OPERATES 54 LOW INCOME HOUSING UNITS FOR ELDERLY, HANDICAPPED, AND LOW INCOME FAMILIES. RECEIVED RENT SUBSIDIES AND FINANCING FROM HUD. ALL EXPENSES RELATED. 492024 true false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false true true true false false false false false false false false false true 0 0 2 false false false false false false false false false X 3 0 false true false false false false false true true false false false false false false false false false X RENTAL MANAGEMENT INC 4797827268 PO BOX 1526 FORT SMITH AR 72902 X POWELL SANDERS VICE PRESIDE X 0 0 0 FARRELL SEXTON PRESIDENT X 0 0 0 MICHELLE SEXTON SECRETARY X 0 0 0 false false false HOUSING ASSISTANCE PAYMENTS F 531110 445887 445887 RENT REVENUE 531110 177489 177489 FORFEITED SECURITY DEPOSITS 531110 4830 4830 LAUNDRY AND VENDING REVENUE 531110 2866 2866 VACANCIES LOSS 531110 -27278 -27278 603794 180 180 603974 603974 53805 53805 69267 69267 10036 10036 1148 1148 8000 8000 14847 14847 77551 77551 1156 1156 23712 23712 80909 80909 65669 65669 OPERATING AND MAINTENANCE 122903 122903 BAD DEBT EXPENSES 15430 15430 ADMINISTRATIVE 11187 3950 7237 REAL ESTATE TAXES 6602 6602 562222 492024 70198 0 31305 50316 127882 129638 21044 26876 42019 71156 2257593 1262729 1030188 994864 35934 33942 1288372 1306792 30484 42116 5981 3875 785249 752116 9989 10264 831703 808371 X 456669 498421 456669 498421 1288372 1306792 41752 X false true X true true true X 523737 517966 575646 577467 603974 2798790 523737 517966 575646 577467 603974 2798790 2798790 50 30 18 20 180 298 2799088 2798790 0.99990 0.99990 X 21750 21750 1902001 1033962 868039 155643 147582 8061 178199 81185 97014 994864 TENANT SECURITY DEPOSITS PAYABLE 10264 10264 603974 603974 603974 562222 562222 562222 PRES OF RENTAL MANAGEMENT PRES OF BOARD- PARKLANE IDENTITY OF INT false BOARD OF DIRECTORS- PARKLANE FAMILY RELATION false SCHEDULE L, PART V FARRELL SEXTON IS AN IDENTITY OF INTEREST AGENT. HE IS THE PRESIDENT OF THE BOARD OF DIRECTORS OF PARKLANE APARTMENTS. HE IS ALSO THE MANAGING AGENT OF RENTAL MANAGEMENT, INC.- THE COMPANY THAT PROVIDES MANAGEMENT SERVICES TO PARKLANE APARTMENTS. ALL MEMBERS OF THE BOARD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI ALL MEMBERS OF THE BOARD HAVE A FAMILY RELATIONSHIP. FARRELL SEXTON IS THE PRESIDENT OF THE BOARD OF DIRECTORS OF THE ORGANIZATION AND THE PRESIDENT OF THE COMPANY THAT PROVIDES MANAGMENT SERVICES TO THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 3 THE DAY TO DAY OPERATIONS HAVE BEEN DELEGATED TO RENTAL MANAGEMENT, INC, WHO HAVE BEEN APPROVED BY THE US DEPARTMENT OF HOUSING & URBAN DEVELOPMENT AS THE ENTITY'S MANAGEMENT AGENT. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS PREPARED BY A 3RD PARTY CPA FIRM AND PROVIDED TO THE MANAGEMENT AGENT AND BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 19 PARKLANE SUBMITS ALL DOCUMENTS AND POLICIES TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THESE DOCUMENTS ARE A MATTER OF PUBLIC RECORD. DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND IN COMPLIANCE WITH 501(C)(3) GUIDELINES