2024-10-21T14:54:19-05:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 570801866 YORK SENIOR PROPERTIES INC YORK 8033276694 PO BOX 11519 ROCK HILL SC 29731 LAUREN L GILES SECRETARY 8033276694 2024-10-21 1 0 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z WHITE OAKS APARTMENTS LAUREN L GILES PO BOX 11519 ROCK HILL SC 29731 422006 0 X N/A X 1985 SC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN YORK, SOUTH CAROLINA KNOWN AS WHITE OAKS APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 10 10 0 0 0 0 266759 267011 134249 151917 -680 -128 3309 2709 403637 421509 0 0 0 0 0 0 0 0 0 369484 362563 369484 362563 34153 58946 861405 876154 1228558 1184361 -367153 -308207 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN YORK, SOUTH CAROLINA KNOWN AS WHITE OAKS APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 0 0 273648 151420 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN YORK, SOUTH CAROLINA KNOWN AS WHITE OAKS APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 273648 1 1 0 0 0 0 0 0 0 0 1 0 1 1 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 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 1 0 1 1 0 0 1 0 0 1 0 0 0 X LAURA GRIMES 3367650424 PO BOX 25168 WINSTONSALEM NC 27114 X X TRACY PLUNKETT CHAIRMAN 0.50 1.00 X X 0 0 0 DORIS BROWDER VICE CHAIR 0.50 1.00 X X 0 0 0 LIZ HOOD MEMBER 0.50 1.00 X 0 0 0 PAUL DILLINGHAM MEMBER 0.50 1.00 X 0 0 0 CHARLES HELMS MEMBER 0.50 1.00 X 0 0 0 BILL GREGORY MEMBER 0.50 1.00 X 0 0 0 TRINA PERRY MEMBER 0.50 1.00 X 0 0 0 JANE WASILEWSKI MEMBER 0.50 1.00 X 0 0 0 BROWN SIMPSON MEMBER 0.50 1.00 X 0 0 0 LAURA GILES SECRETARY 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 267011 267011 RENTAL INCOME 531110 151917 151917 151917 369 369 497 -497 -497 -497 LAUNDRY & VENDING 531110 2388 2388 OTHER REVENUE-MISC. 531110 169 169 TENANT CHARGES 531110 152 152 2709 421509 151420 0 3078 32031 32031 27 27 6410 6410 9170 9170 1219 1219 240238 240238 1133 1133 924 924 33410 33410 2154 2154 MTG CO EMPLOYEE CHARGEB 35847 35847 362563 273648 88915 0 35187 36197 1228 25 2695 2632 1472082 1123990 364521 348092 274186 292282 9303 8828 174285 188098 861405 876154 57759 51643 7 48 1150859 1112919 19933 19751 1228558 1184361 X -367153 -308207 -367153 -308207 861405 876154 58946 0 X X 0 1 X 1 1 1 X 267836 269413 268200 266759 267011 1339219 111310 122885 125764 134249 151917 646125 379146 392298 393964 401008 418928 1985344 0 0 0 1985344 217 186 143 280 369 1195 217 186 143 280 369 1195 2240 2640 1954 3309 2709 12852 381603 395124 396061 404597 422006 1999391 0.99300 0.99260 0.00060 0.00050 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. INCLUDED ON PAGE 9 IN CURRENT YEAR OTHER REVENUE LINE 7C IS A LOSS ON DISPOSAL OF DEPRECIABLE ASSETS OF $497. THE LOSS IS NOT BEING INCLUDED ON SCHEDULE A, PART III, LINE 12 BECAUSE IT DOES NOT MEET THE DEFINITION OF SUPPORT AS DEFINED IN SECTION 509 (D) OF THE INTERNAL REVENUE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60529 60529 1319511 1040545 278966 34938 26341 8597 57104 57104 0 348092 MORTGAGE ESCROW DEPOSITS 19871 C RESERVE REPLACEMENT FUND 246347 C RESIDUAL RECEIPTS 26064 C 292282 MISC OTHER ASSETS 275 SECURITY DEPOSITS 14337 OTHER RESERVES 173486 188098 SECURITY DEPOSITS 14037 ACCRUED WAGES PAYABLE 2113 ACCRUED PAYROLL TAXES PAYABLE 153 ACCRUED INTEREST PAYABLE 3448 19751 X 422002 493 493 421509 0 421509 366292 3729 3729 362563 0 362563 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: TAX LOSS ON DISPOSAL OF FIXED ASSETS 493. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK LOSS ON DISPOSAL OF FIXED ASSETS 493. BOOK TO TAX DEPRECIATION EXPENSE ADJUSTMENT 3,236. FORM 990, PART VI, SECTION A, LINE 3 YORK SENIOR PROPERTIES, INC. IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANAGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APPROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE WHITE OAKS APARTMENTS ELDERLY HOUSING PROPERTY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ON GOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP SHALL AT ALL TIMES BE LIMITED TO INDIVIDUALS WHO ARE EITHER (1) TRUSTEE (DIRECTOR) OF YORK COUNTY COUNCIL ON AGING, INC., OR (2) MEMBER OF YORK COUNTY COUNCIL ON AGING, INC. WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF YORK COUNTY COUNCIL ON AGING, INC. FORM 990, PART VI, SECTION A, LINE 7A BY SEPTEMBER OF EACH YEAR THE MEMBERSHIP OF THE CORPORATION SHALL VOTE ON REPRESENTATIVES TO THE BOARD TO FILL ANY EXISTING VACANCIES. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B HOURS WORKED FOR RELATED ORGANIZATIONS: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, PART XII, LINE 2C OVERVIEW OF AUDIT FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. ROCK HILL SENIOR PROPERTIES INC PO BOX 25168 WINSTON SALEM NC 27114 571018175 LOW INCOME HOUSING NC 501(C)(3) 509(A)(2) 0 YORK COUNTY COUNCIL OF AGING INC PO BOX 11519 ROCK HILL SC 29731 237068964 ELDER CARE AND SUPOORT SC 501(C)(3) 170(B)(1)(A)(VI) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0