2024-12-16T18:49:34-06:00 2024-01-31 640809101 HARPER RAINS KNIGHT & COMPANY PA 1052 HIGHLAND COLONY PKWY STE 100 RIDGELAND MS 39157 990 2023-02-01 640631190 THE KINGS' DAUGHTERS ELDERLY HOUSING KING 6017148345 18 OAKVIEW ROAD BROOKHAVEN MS 39601 NORMA HAMILL PRESIDENT 6017148345 2024-12-16 1 0 JOEY FLETCHER CPA P02465065 6016050722 2024-12-16 2023 2024-10-15 13:58:12Z NORMA HAMILL 18 OAKVIEW ROAD BROOKHAVEN MS 39601 598997 0 X N/A X 1979 MS TO PROVIDE LOW INCOME HOUSING UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT, WITH MORTGAGE FINANCING PROVIDED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 6 6 3 0 0 0 0 0 568727 598214 51 61 4535 722 573313 598997 0 0 0 0 197750 192861 0 0 0 221619 270781 419369 463642 153944 135355 691923 821517 77546 71785 614377 749732 TO PROVIDE LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS 0 0 390888 598214 RENTAL OF LOW INCOME HOUSING PROVIDED FOR ELDERLY AND HANDICAPPED PERSONS 390888 1 0 0 0 0 0 0 0 0 0 1 0 0 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 0 0 0 0 1 0 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X INVENTIVE PROPERTY MANAGEMENT LLC 6017148345 381 EDGEWOOD TERRACE DRIVE JACKSON MS 39206 X SYLVIA CAMPBELL CHAIRMAN 2.00 X X 0 0 0 JOYCE BEDSOLE VICE-CHAIRMAN 2.00 X X 0 0 0 JUDY YARBROUGH BOARD MEMBER 2.00 X 0 0 0 RENEE HUTSON BOARD MEMBER 2.00 X 0 0 0 PATSY WARREN BOARD MEMBER 2.00 X 0 0 0 MARY ANNE SMITH BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 RESIDENT RENT INCOME 531110 598214 598214 598214 61 61 LAUNDRY AND VENDING RE 812300 381 381 MISCELLANEOUS INCOME 900099 341 341 722 598997 598214 0 783 147240 147240 33970 33970 11651 11651 45788 45788 10940 10940 5080 5080 42325 40376 1949 51349 49882 1467 UTILITIES 50866 49413 1453 SUPPLIES 26304 26304 CONTRACTS 15587 15587 MISC ADMIN EXPENSES 14676 3519 11157 7866 7866 463642 390888 72754 0 108606 69825 8996 5805 2301957 1809244 433634 492713 140687 253174 691923 821517 39194 32040 14 301 38338 39444 77546 71785 X 614377 749732 614377 749732 691923 821517 135355 0 X X 0 1 X 1 1 1 X 75000 75000 546671 547520 563392 568727 598214 2824524 546671 547520 638392 568727 598214 2899524 0 0 0 2899524 191 78 55 51 61 436 191 78 55 51 61 436 13139 1276 2090 4535 722 21762 560001 548874 640537 573313 598997 2921722 0.99240 0.97810 0.00010 0.00020 X 110563 110563 1300289 1093221 207068 891105 716023 175082 492713 ESCROW DEPOSITS 836 TENANT SECURITY DEPOSITS 16660 REPLACEMENT RESERVE 132934 DEFERRED FINANCING COSTS 102744 253174 TENANT SECURITY DEPOSITS 17444 OTHER LOANS AND NOTES (SHORT-TERM) 22000 39444 X 658997 60000 60000 598997 0 598997 523642 60000 60000 463642 0 463642 PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED RELATED TO THE CURRENT YEAR AND THE PROJECT HAS NO UNRECOGNIZED TAX BENEFITS AT JANUARY 31, 2024 FOR WHICH LIABILITIES HAVE BEEN ESTABLISHED. THE PROJECT RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. THE TAX YEARS THAT REMAIN OPEN FOR FEDERAL INCOME TAX JURISDICTIONS ARE 2019 AND FORWARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 60,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 60,000. FORM 990, PART VI, SECTION A, LINE 3 WITH APPROVAL FROM HUD, THE PROJECT HAS A PROPERTY MANAGEMENT CONTRACT WITH INVENTIVE PROPERTY MANAGEMENT, LLC (THE "AGENT"). THE CONTRACT BECAME EFFECTIVE DECEMBER 1, 2016 AND SELF-RENEWS. UNDER THE CONTRACT, THE AGENT HAS AGREED TO RENT, OPERATE AND MAINTAIN THE PROJECT ON BEHALF OF THE PROJECT. AS CONSIDERATION FOR ITS SERVICES, THE AGENT IS PAID A FEE OF 7.75 PERCENT OF RESIDENTIAL, COMMERCIAL AND MISCELLANEOUS INCOME COLLECTED ON BEHALF OF THE PROJECT. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY OF THE KINGS' DAUGHTERS ELDERLY HOUSING CORPORATION REVIEWS AND SIGNS FORM 990 BEFORE RELEASING THE RETURN TO THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR 990 AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH OTHER PUBLIC OUTLETS SUCH AS GUIDESTAR.ORG. PART XI, LINE 2C: THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.