2024-06-27T08:02:03-05:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 581493398 MAYFIELD MEMORIAL APARTMENTS INC MAYF 3363751552 4912 DAYBREAK DRIVE CHARLOTTE NC 28269 DONNIE R PETWAY CHAIRPERSON 3363751552 2024-05-07 1 DONNIE PETWAY 999009999 0 CASEY H PATTERSON P01281279 3362944494 2024-05-07 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DONNIE R PETWAY 4912 DAYBREAK DRIVE CHARLOTTE NC 28269 545303 0 X N/A X 1977 NC PROVIDED AFFORDABLE HOUSING TO THE ELDERLY AND HANDICAPPED 7 7 0 7 0 0 344138 341302 183061 203848 -3917 153 11 0 523293 545303 0 0 0 0 0 0 0 0 0 532166 607495 532166 607495 -8873 -62192 1143812 1002256 1848173 1768809 -704361 -766553 PROVIDED AFFORDABLE HOUSING TO THE ELDERLY AND HANDICAPPED 0 0 581730 203848 PROVIDED 60 LOW & MODERATE RENTAL UNITS TO THE ELDERLY AND HANDICAPPED WITHIN HUD SUBSIDIZED HOUSING REGULATIONS. 581730 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 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X MULTIFAMILY SELECT INC 7047711696 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X WAYNE P DIGGS BOARD MEMBER 0.00 X 0 0 0 BRENDA EGLESTON SECRETARY 0.00 X X 0 0 0 WILLIAM EVANS JR BOARD MEMBER 0.00 X 0 0 0 TERESA HAYES BOARD MEMBER 0.00 X 0 0 0 DONNIE R PETWAY CHAIRMAN 0.00 X X 0 0 0 JOAN W SMITH VICE CHAIR 0.00 X X 0 0 0 SWEETIE GEORGE-BOHOL BOARD MEMBER 0.00 X 0 0 0 0 0 0 0 0 0 0 0 341302 341302 RENTAL INCOME 531110 202586 202586 TENANT CHARGES 531110 1262 1262 203848 153 153 545303 203848 0 153 X 36594 36594 5134 5134 20620 20620 17896 17896 31295 31295 52071 52071 67268 67268 37457 37457 CONTRACTS 99545 99545 SUPPLIES 76808 76808 MANAGER PAYROLL REIMBUR 53651 53651 PAYROLL REIMBURSEMENT E 30446 30446 78710 73565 5145 607495 581730 25765 0 6177 5967 197857 181421 62985 6940 19045 16412 2643019 1934398 773009 708621 64794 61914 19945 20981 1143812 1002256 49405 25947 3058 2655 1777032 1721302 18678 18905 1848173 1768809 X -704361 -766553 -704361 -766553 1143812 1002256 -62192 0 X 0 1 X 0 1 1 X 363587 352580 354490 344138 341302 1756097 138319 158150 159454 183072 203848 842843 501906 510730 513944 527210 545150 2598940 0 0 0 2598940 160 153 117 99 153 682 160 153 117 99 153 682 502066 510883 514061 527309 545303 2599622 0.99970 0.99970 0.00030 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 2365689 1809969 555720 125461 101686 23775 753 753 0 51116 21990 29126 708621 TENANT SECURITY DEPOSITS 18905 18905 X 545303 0 545303 0 545303 607495 0 607495 0 607495 PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A 'MORE-LIKELY-THAN-NOT' THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE APARTMENT COMPLEX IS REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. MULTIFAMILY SELECT WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AT A BOARD MEETING PRIOR TO FILING. THE BOARD IS GIVEN TIME TO REVIEW FORM 990 AND ASK QUESTIONS. A REPRESENTATIVE FROM THE MANAGEMENT COMPANY IS AVAILABLE AT THE MEETING TO RESPOND TO ANY QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E SECURITY PAYROLL/CONTRACT REIMBURSEMENT: PROGRAM SERVICE EXPENSES 13,130. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,130. SOLID WASTE FEES: PROGRAM SERVICE EXPENSES 9,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,011. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 8,896. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,896. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 7,864. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,864. SERVICE CHARGE: PROGRAM SERVICE EXPENSES 7,861. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,861. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 7,172. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,172. PAYROLL TAXES REIMBURSEMENT: PROGRAM SERVICE EXPENSES 6,354. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,354. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 6,021. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,021. OFFICE SALARIES REIMBURSEMENT: PROGRAM SERVICE EXPENSES 5,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,900. MISCELLANEOUS ADMINISTRATIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,145. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,145. BAD DEBTS: PROGRAM SERVICE EXPENSES 1,356. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,356.