2024-07-23T12:55:26-05:00 2023-09-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-10-01 562022904 ST JAMES PLAZA INC STJA 3366441262 1745 MARTIN LUTHER KING JR PWKY E WILSON NC 27893 ANGELA WHITE PRESIDENT 3366441262 2024-07-23 1 ANGELA WHITE 999009999 0 MATTHEW BARNARD P01833048 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA WHITE 1745 MARTIN LUTHER KING JR PWKY E WILSON NC 27893 263340 0 1125 X N/A X 1997 NC TO ADVOCATE AND PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME ELDERLY PERSONS. 11 11 0 0 0 0 116310 109058 137491 153250 6 7 1609 1025 255416 263340 0 0 0 0 0 0 0 0 0 344066 327882 344066 327882 -88650 -64542 1191694 1123499 2731426 2727773 -1539732 -1604274 TO ADVOCATE AND PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME ELDERLY PERSONS. 0 0 284609 154275 PROVIDING ADVOCACY SERVICES AND SAFE, SANITARY, AFFORDABLE HOUSING TO VERY LOW INCOME ELDERLY PERSONS BY OPERATING A 40-UNIT APARTMENT COMMUNITY PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. 284609 1 1 0 0 0 0 0 0 0 0 1 0 1 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 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X BARR RESIDENTIAL DEVELOPMENT 3366441262 980 CIPRIANA DRIVE UNIT A-1 MYRTLE BEACH SC 29572 X ANGELA WHITE PRESIDENT/SECRETARY 1.00 X X 0 0 0 ROBERT HOOKER DIRECTOR 1.00 X 0 0 0 THOMAS BROWN DIRECTOR 1.00 X 0 0 0 EARTHA BUTLER DIRECTOR 1.00 X 0 0 0 PEGGY CARR DIRECTOR 1.00 X 0 0 0 KAREN HOWARD DIRECTOR 1.00 X 0 0 0 JAY FORBES DIRECTOR 1.00 X 0 0 0 JEAN ATKINSON DIRECTOR 1.00 X 0 0 0 VALERIE RUCKER DIRECTOR 1.00 X 0 0 0 DELLA OWENS DIRECTOR 1.00 X 0 0 0 MARTHA WILSON DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 109058 109058 RENTAL INCOME 531110 153250 153250 153250 7 7 TENANT CHARGES 531110 1025 1025 1025 263340 154275 0 7 23323 23323 180 180 10034 10034 9736 9736 159566 159566 85470 85470 MANAGEMENT COMPANY EMPL 37814 37814 BAD DEBTS 1759 1759 327882 284609 43273 0 1331 17246 4101 2690 3817 6514 2807017 1791402 1101085 1015615 72763 71242 8597 10192 1191694 1123499 20695 16781 1484 444 2700650 2700650 8597 9898 2731426 2727773 X -1539732 -1604274 -1539732 -1604274 1191694 1123499 -64542 0 X 0 1 X 1 1 1 X 131142 125275 118708 116310 109058 600493 114822 130285 133006 137491 153250 668854 245964 255560 251714 253801 262308 1269347 0 0 0 1269347 712 154 9 6 7 888 712 154 9 6 7 888 1838 5186 2444 1609 1025 12102 248514 260900 254167 255416 263340 1282337 0.98990 0.98830 0.00070 0.00120 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 2407814 1507032 900782 344991 265830 79161 44212 18540 25672 1015615 RESIDUAL RECEIPTS RESERVE 9995 C REPLACEMENT FOR RESERVES 61247 C 71242 TENANT SECURITY DEPOSITS 9898 9898 X 263340 0 263340 0 263340 327882 0 327882 0 327882 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 THE OPERATIONS OF THE APARTMENT COMMUNITY ARE MANAGED BY BARR RESIDENTIAL & DEVELOPMENT, LLC (BRD). BRD IS A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRD HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED BRD TO MANAGE THE APARTMENT COMMUNITY. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION ARE TO BE APPOINTED AND APPROVED BY THE SPONSOR ORGANIZATION, NATIONAL BENEVOLENT ASSOCIATION (NBA). THE CONDITIONS, REQUIREMENTS AND QUALIFICATIONS FOR MEMBERSHIP ARE AT THE DISCRETION OF NBA. FORM 990, PART VI, SECTION A, LINE 7A THE SPONSORING ORGANIZATION, NBA, APPOINTS ALL MEMBERS OF THE CORPORATION WHO ARE RESPONSIBLE FOR ELECTING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE ALTERED OR AMENDED ONLY WITH A 2/3 MAJORITY VOTE OF THE BOARD OF DIRECTORS, AND A MAJORITY VOTE OF THE BOARD OF TRUSTEES OF THE SPONSOR ORGANIZATION, NBA. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS READS AND REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND MANAGEMENT AGENT ACKNOWLEDGE ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE APPLICABLE POLICIES AND REGULATIONS, INCLUDING STANDARDS OF CONDUCT COVERING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, THE GOVERNING DOCUMENTS, AND ALL RELATED FINANCIAL AND POLICY INFORMATION IS KEPT IN THE ORGANIZATION'S CENTRAL FILE ROOM WITH THE BOOKS AND RECORDS, AND MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.