2024-07-11T10:42:23-05:00 2023-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-01-01 611352670 SOCAYR INC SOCA 5026389600 1244 S FOURTH STREET LOUISVILLE KY 40203 TRAVIS YATES PRESIDENT 5026389600 2024-07-11 1 TRAVIS YATES 999009999 0 DAVID LEMLER CPA P00378478 3177456411 2024-07-11 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z TRAVIS YATES 1244 S FOURTH STREET LOUISVILLE KY 40203 6478755 0 X N/A X 2001 KY THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF AFFORDABLE HOUSING. 7 7 0 0 0 7 889853 956368 12177975 4958115 307419 126751 76722 174940 13451969 6216174 0 0 0 0 1385910 1533375 0 0 0 8494136 5029865 9880046 6563240 3571923 -347066 41734028 41007799 24565049 24185886 17168979 16821913 THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF AFFORDABLE HOUSING. 0 0 6295984 5201238 THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF AFFORDABLE HOUSING. 6295984 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 0 0 0 1 61 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 KY X THE ORGANIZATION 5026389600 1244 S FOURTH STREET LOUISVILLE KY 40203 X JILL IRLE DIRECTOR 1.00 X 0 0 0 TRAVIS YATES PRESIDENT 5.00 X X 0 0 0 BRANDIE BRYAN-FRANKFORTHER TREASURER 1.00 X X 0 0 0 CHRISTOPHER REDMON SECRETARY 1.00 X X 0 0 0 NATALIE HARRIS DIRECTOR 1.00 X 0 0 0 DR NATH'L MOORE DIRECTOR 1.00 X 0 0 0 ROBERT VICE JR DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 BEACON PROPERTY MANAGEMENT 1244 S 4TH ST 1 LOUISVILLE KY 40203 PROPERTY MANAGEMENT, PAYROLL SERVICES AN 1665651 FERGUSON ENTERPRISES LLC 3726 BISHOP LANE LOUISVILLE KY 40218 CONSTRUCTION 789547 ROGERS MANUFACTURING CORPORATION 801 INDUSTRIAL PKWY WEST MONROE LA 71291 CONSTRUCTION 497363 VICE COX & TOWNSEND PLLC 2303 RIVER ROAD SUITE 301 LOUISVILLE KY 40206 LEGAL 304000 K-I LUMBER & BUILDING MATERIALS 5301 HIGHWAY 31 NORTH CLARKSVILLE IN 47129 CONSTRUCTION 292927 5 956368 956368 RENTAL INCOME 531110 3328844 3328844 DEVELOPER FEE REVENUE 531110 1629271 1629271 4958115 58568 58568 330764 262581 68183 68183 68183 INSURANCE 900099 78270 78270 TENANT CHARGES 531110 59522 59522 MISCELLANEOUS REVENUE 531110 37148 37148 174940 6216174 5201238 0 58568 X 1311068 1311068 148153 148153 10664 10664 63490 63490 267256 267256 19821 19821 37293 37293 816727 816727 42722 42722 787392 787392 1360008 1360008 19047 19047 37373 37373 452979 452979 795249 795249 294928 294928 BAD DEBT 99070 99070 6563240 6295984 267256 0 1633825 853636 87890 83195 23742825 24313648 207394 220146 20485438 6287690 14686739 14197748 1375355 1339426 41734028 41007799 1035630 691949 84385 61650 10386286 10133926 13058748 13298361 24565049 24185886 X 17168979 16821913 17168979 16821913 41734028 41007799 -347066 0 X X 0 1 X 1 0 X 739778 817275 892490 889853 956368 4295764 2977804 3062801 4749245 12177975 4958115 27925940 3717582 3880076 5641735 13067828 5914483 32221704 0 0 0 32221704 18159 18430 102107 22649 58568 219913 18159 18430 102107 22649 58568 219913 77220 558183 80890 55366 59522 831181 3812961 4456689 5824732 13145843 6032573 33272798 0.96840 0.97330 0.00660 0.00410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2628707 2628707 17522207 6170161 11352046 334524 117529 216995 14197748 SECURITY DEPOSITS 208409 DEVELOPER FEE PAYABLE 11138278 ACCRUED WAGES PAYABLE 528143 DEFERRED LEASE REVENUE 1329288 DEFERRED INSURANCE PROCEEDS 94243 13298361 X 6216174 0 6216174 0 6216174 6563240 0 6563240 0 6563240 PART X, LINE 2: SOCAYR IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. SOCAYR IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIED FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE SOCAYR TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. SOCAYR IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. SOCAYR'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENT OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, AND TOTAL $0 AS DECEMBER 31, 2023 AND 2022. SOCAYR'S FEDERAL AND STATE INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. FORM 990, PART VI, SECTION A, LINE 2 TREASURER BRANDIE BRYAN-FRANKFORTHER AND SECRETARY CHRISTOPHER REDMON ARE BOTH EMPLOYED BY BEACON PROPERTIES, LLC. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL REQUIRED DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 21,883. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,883. DEVELOPMENT: PROGRAM SERVICE EXPENSES 794,844. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 794,844. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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