2024-11-07T09:52:46-05:00 2024-06-30 570522539 SHEHEEN HANCOCK & GODWIN LLP PO BOX 428 CAMDEN SC 290210428 990EZ 2023-07-01 570909557 SANDWOOD APARTMENTS INC SAND 8038083966 PO BOX 4389 WEST COLUMBIA SC 29170 THOYD B WARREN EX OFFICIO 8038083966 2024-10-16 true false TRACY L FAILE CPA P01640309 8034321424 2024-10-16 2023 2024-10-15 13:58:12Z X X N/A X X 140537 X 85291 54886 31 329 140537 21340 13146 11696 76317 122499 18038 -115179 -97141 X 2891 2357 73326 79393 64790 51731 141007 133481 256186 230622 -115179 -97141 X SANDWOOD APARTMENTS, INC. WAS ORGANIZED TO ACQUIRE REAL PROPERTY AND BUILD AND OPERATE A LOW INCOME HOUSING COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING AUTHORITY. THE PROGRAM EXISTS SOLELY TO PROVIDE RESIDENTIAL SERVICES TO LOW INCOME RESIDENTS IN AN 8 UNIT COMPLEX. ALL THE EXPENSES ARE ATTRIBUTABLE TO THE OPERATIONS OF THE PROJECT. 110129 110129 THOYD B WARREN EX OFFICIO 1.00 0 ANDREW SALEEBY CHAIRPERSON 1.00 0 DEBORAH MANN DIRECTOR 1.00 0 DANIEL DAVIS DIRECTOR 1.00 0 SARAH LIVINGSTON DIRECTOR 1.00 0 TOMMY BOGGS DIRECTOR 1.00 0 AUNDRAI HOLLOMAN DIRECTOR 1.00 0 CYNTHIA WINSTON DIRECTOR 1.00 0 WILFRED G ROGERS SECRETARY 1.00 0 FRANKEY HOUSE DIRECTOR 1.00 0 BRYAN MCGILL DIRECTOR 1.00 0 JOANNE WACTOR DIRECTOR 1.00 0 ERIK J SIMENSEN VICE CHAIRPE 1.00 0 WILLIAM REESE DIRECTOR 1.00 0 WILLIAM HOLMES TREASURER 1.00 0 false false false false false false false false false SOUTHERN DEVELOPMENT MANAGEMENT CO 1403 JARET COURT WEST COLUMBIA SC 29169 8038083966 false false false false false false false false false false false NONE NONE true X 82891 76095 88869 81943 85291 415089 82891 76095 88869 81943 85291 415089 415089 44763 56434 48678 51996 55246 257117 672206 257117 0.61750 0.61990 X FORM 990-EZ, PART I, LINE 8 OTHER INCOME 329 TOTAL 329 FORM 990-EZ, PART I, LINE 16 EXPENSES ADVERTISING 7 OFFICE EXPENSE 4,252 INTEREST EXPENSE 8,555 INSURANCE 8,876 MISCELLANEOUS ADMIN EXP 2,162 SUPPLIES 1,060 SUPPORT SERVICES 9,600 TRASH REMOVAL 1,369 WORKMEN'S COMPENSATION 404 CONTRACTS 31,631 REPAIR AND MAINTENANCE 6,968 NON-INVESTMENT DEPRECIATION 1,433 TOTAL 76,317 FORM 990-EZ, PART II, LINE 24 ACCOUNTS RECEIVABLE 1,093 4,429 OTHER DEPRECIABLE ASSETS 53,278 53,278 LESS ACCUMULATED DEPRECIATION 53,278 53,278 UTILITY DEPOSITS 60 60 TENANT SECURITY DEPOSITS 3,849 3,599 ESCROWS AND RESERVES 59,788 43,643 TOTAL 64,790 51,731 FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 15,383 9,994 ACCRUED INTEREST PAYABLE 209 192 TENANT SECURITY DEPOSIT 3,849 3,599 MORTGAGE PAYABLE 236,745 216,837 FORM 990-EZ, PART III SANDWOOD APARTMENTS, INC. WAS ORGANIZED TO ACQUIRE REAL PROPERTY AND BUILD AND OPERATE A LOW INCOME HOUSING COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING AUTHORITY. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.