2024-05-30T21:48:04-04:00 2023-12-31 263474353 BELL FOSTER JOHNSON & WATKINS LLP 5420 W MARKHAM ST LITTLE ROCK AR 722053410 990 2023-01-01 710563803 MONTICELLO ECUMENICAL RETIREMENT CENTER INC MONT 8703675967 570 WEST CONRAD STREET MONTICELLO AR 71655 FRANK FERGUSON PRES/CEO 8703675967 2024-05-30 true FRANK FERGUSON 999009999 true MARK S WATKINS CPA P00385060 5016630990 2024-05-30 2023 2023-04-26 12:10:37Z FRANK FERGUSON 324 W BOLLING MONTICELLO AR 71655 492910 false X X 1982 AR MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. 6 6 3 0 0 481086 479624 1300 11302 998 1984 483384 492910 0 0 87466 116416 0 0 244742 277619 332208 394035 151176 98875 1257528 1220183 360415 224195 897113 995988 X MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. false false 387535 479624 THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. 387535 true false false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 3 true false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false false true true true false false true true false X X THE ORGANIZATION 8703675967 570 WEST CONRAD STREET MONTICELLO AR 71655 X FRANK FERGUSON PRES/CEO X X 0 0 0 SUSAN MUSICK SEC/TREAS X X 0 0 0 ROSALEE EMERSON DIRECTOR X 0 0 0 LAURA FERGUSON BOARD MEMBER X 0 0 0 MARILYN MHOON BOARD MEMBER X 0 0 0 KATHY TUMLINSON BOARD MEMBER X 0 0 0 false false false RENT INCOME-APTS 479624 479624 479624 11302 11302 OTHER 1639 1639 OTHER - LAUNDRY INCOME 345 345 1984 492910 479969 12941 X 109808 109808 835 835 5773 5773 6500 6500 4989 4989 3510 3510 23590 23590 46306 46306 35598 35598 GROUND CONTRACT 26288 26288 REPAIRS-CONTRACT 21934 21934 DECORATING SUPPLIES 21623 21623 HEAT & AIR REPAIRS 15259 15259 72022 72022 394035 387535 6500 0 59624 46545 624679 647199 756 276 2099413 1573350 572369 526063 100 100 1257528 1220183 31949 33322 328466 190873 360415 224195 X 897113 995988 897113 995988 1257528 1220183 X 98875 X false true X true true true X 459566 458038 476018 481086 479624 2354332 459566 458038 476018 481086 479624 2354332 2354332 1760 1647 1641 1300 11302 17650 639 639 2372621 2354011 0.99230 0.99430 X 31500 31500 1932878 1438315 494563 135035 135035 526063 492910 492910 492910 394035 394035 394035 FORM 990 - ORGANIZATION'S MISSION MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT AUDITOR AND IS THOROUGHLY REVIEWED BEFORE SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS INCLUDED IN ITS WRITTEN POLICY MANUAL. NO EXCEPTIONS TO THIS POLICY WILL BE MADE UNLESS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15B NO OFFICERS ARE COMPENSATED BY THIS ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 ON REQUEST FORM 990, PART IX, LINE 24E JANITOR & CLEANING CONTRA 13,949 0 0 WATER 12,252 0 0 GARBAGE REMOVAL 10,997 0 0 ELECTRICITY 8,928 0 0 SEWER 8,119 0 0 MISC ADMIN 6,000 0 0 REPAIRS-MATERIAL 4,712 0 0 EXTERMINATING SUPPLIES 3,808 0 0 TELEPHONE 2,361 0 0 JANITOR & CLEANING SUPP 864 0 0 GOUND SUPPLIES & REPL 32 0 0 TOTAL 72,022 0 0 FORM 990, PART XI, LINE 9 ROUNDING ADJUSTMENT 0