2024-06-28T06:58:20-05:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 570695687 BROWN-LAWSON HOUSING DEVELOPMENT CORP BROW 8037750575 125 W BARTLETTE STREET SUMTER SC 29150 ROY GRAHAM ACTING PRESIDENT 8037750575 2024-05-10 1 ROY GRAHAM 999009999 0 CASEY H PATTERSON P01281279 3362944494 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROY GRAHAM 125 W BARTLETTE STREET SUMTER SC 29150 937448 0 X N/A X 1978 SC BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72 UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY, AGE 62+ PERSONS. 5 5 0 7 0 0 677907 672250 234829 264588 297 548 40 62 913073 937448 0 0 0 0 0 0 0 0 0 852125 944480 852125 944480 60948 -7032 2263128 2143820 2280597 2168321 -17469 -24501 X BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72 UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY, AGE 62+ PERSONS. 0 0 908949 264650 BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72 UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY, AGE 62+ PERSONS. 908949 1 1 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 1 0 0 0 0 0 0 0 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X MULTIFAMILY SELECT INC 7048825414 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X REV DR WILLIAM S RANDOLPH PAST PRESIDENT 10.00 X X 0 0 0 LC FREDERICK PAST VICE PRESIDENT 2.00 X X 0 0 0 BRENDA WESTPOINT DIRECTOR 1.00 X 0 0 0 ROY GRAHAM ACTING PRESIDENT 10.00 X X 0 0 0 REV GEORGE P WINDLEY JR DIRECTOR 1.00 X 0 0 0 KEITH IVEY DIRECTOR 1.00 X 0 0 0 LINDA WHEAT SECRETARY 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 672250 672250 RENTAL INCOME 531110 250827 250827 LAUNDRY AND VENDING 531110 13138 13138 TENANT CHARGES 531110 623 623 264588 548 548 MISCELLANEOUS 531110 62 62 62 937448 264650 0 548 X 45830 45830 16344 16344 229 229 30348 30348 57154 57154 97544 97544 101475 101475 74722 74722 CONTRACTS 140174 140174 SUPPLIES 71636 71636 MANAGER AND SUPERINTEND 71200 71200 PAYROLL REIMBURSEMENT 66134 66134 171690 152503 19187 944480 908949 35531 0 6896 22109 23326 23550 64 2161 13389 13223 4746506 3632318 1170826 1114188 93137 88998 955490 879591 2263128 2143820 95086 42972 5200 3678 2140823 2086034 39488 35637 2280597 2168321 X -17469 -24501 -17469 -24501 2263128 2143820 -7032 0 X X 0 1 X 1 1 1 X 586541 652321 662079 677907 672250 3251098 260055 218077 224651 234869 264588 1202240 846596 870398 886730 912776 936838 4453338 0 0 0 4453338 330 286 227 297 548 1688 330 286 227 297 548 1688 846926 870684 886957 913073 937386 4455026 0.99960 0.99970 0.00040 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 146000 146000 4065284 3247713 817571 335614 192812 142802 199608 191793 7815 1114188 DEBT SERVICE RESERVE 606749 RESIDUAL RECEIPTS 80881 RESERVE REPLACEMENT FUND 139895 MORTGAGE ESCROW DEPOSITS 52066 879591 ACCRUED MANAGEMENT FEES 3886 ACCRUED INTEREST 8031 SECURITY DEPOSITS 19612 ACCRUED PROPERTY TAXES 4108 35637 X 937448 0 937448 0 937448 944480 0 944480 0 944480 PART X, LINE 2: IT IS THE CORPORATION'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. DORIS RANDOLPH SPOUSE OF BOARD PRESIDENT 32216 THROUGH SEPTEMBER 2023, DORIS RANDOLPH WAS AN EMPLOYEE OF MULTIFAMILY SELECT AND WORKED ON A FULL-TIME BASIS FOR THE PROPERTY. SHE RECEIVED A COMPENSATION SALARY CONSISTENT WITH OTHERS AT HER LEVEL IN AN ARMS LENGTH TRANSACTION. 0 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 AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY 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 PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C AT THE BOARD MEETINGS, DIRECTORS AND OFFICERS ARE EXPECTED TO REPORT ANY ACTUAL OR PERCEIVED ACTIVITIES OR CIRCUMSTANCES THAT COULD BE CONSTRUED AS A CONFLICT OF INTEREST ON THEIR PART. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ASSISTED LIVING EXPENSES: PROGRAM SERVICE EXPENSES 32,216. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,216. MISCELLANEOUS ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 19,187. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,187. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 19,084. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,084. MISCELLANEOUS OPERATING AND MAINTENANCE EXPENSES: PROGRAM SERVICE EXPENSES 18,278. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,278. ADMINISTRATIVE RENT FREE UNIT: PROGRAM SERVICE EXPENSES 14,880. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,880. PAYROLL TAXES REIMBURSEMENTS: PROGRAM SERVICE EXPENSES 14,789. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,789. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 10,531. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,531. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 9,827. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,827. MIP / SERVICE CHARGE: PROGRAM SERVICE EXPENSES 9,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,500. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 8,173. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,173. SECURITY PAYROLL: PROGRAM SERVICE EXPENSES 7,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,950. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 6,365. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,365. BAD DEBT EXPENSES: PROGRAM SERVICE EXPENSES 910. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 910. FORM 990, PART XII, LINE 2C: 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 EACH YEAR WHEN THE AUDIT IS UP FOR BID. THE BOARD OF DIRECTORS DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION TO MAINTAIN THE CURRENT RELATIONSHIP OR CONTRACT A NEW AUDITING FIRM.