2024-11-21T16:18:01-06:00 2024-06-30 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-07-01 570935516 NEWPORT INC NEWP 8645827110 600 JEFF DAVIS ROAD SPARTANBURG SC 29303 RON LAUGHRIDGE CHAIR 8646067578 2024-11-21 1 0 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z RON LAUGHRIDGE 313 OLEANDER LANE SPARTANBURG SC 29303 107858 0 X N/A X 1991 SC PROVIDING HOUSING FOR LOW INCOME CHRONICALLY MENTALLY ILL PERSONS BY OPERATING A HUD-ASSIESTED APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990. 11 11 0 0 0 0 0 0 110247 107306 36 552 0 0 110283 107858 0 0 0 0 29344 31036 0 0 0 100649 111780 129993 142816 -19710 -34958 324376 298289 886405 895276 -562029 -596987 PROVIDING HOUSING FOR LOW INCOME CHRONICALLY MENTALLY ILL PERSONS BY OPERATING A HUD-ASSISTED APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990. 0 0 119871 107306 PROVIDING HOUSING FOR CHRONICALLY MENTALLY ILL PERSONS BY OPERATING A 20 UNIT APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990. 119871 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 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X NEW DAY INC OF SPARTANBURG 8645827110 PO BOX 1869 SPARTANBURG SC 29304 X RON LAUGHRIDGE CHAIR 1.00 1.00 X X 0 0 0 HELEN WEST VICE CHAIR 1.00 1.00 X X 0 0 0 JAMES LOCKABY DIRECTOR 1.00 1.00 X 0 0 0 TYRONE WHITENER DIRECTOR 1.00 1.00 X 0 0 0 JACINTA WILLIAMS IMMEDIATE PAST CHAIR 1.00 1.00 X 0 0 0 DAVID WHITE VICE CHAIR 1.00 1.00 X 0 0 0 JOHNNY MARTINEZ DIRECTOR 1.00 1.00 X 0 0 0 BOB REYNOLDS TREASURER 1.00 1.00 X X 0 0 0 GERRI REBELLO SECRETARY 1.00 1.00 X X 0 0 0 KATRINA MEANS DIRECTOR 1.00 1.00 X 0 0 0 LIZ EGGERDING DIRECTOR 1.00 1.00 X 0 0 0 ANDREW TURNER EXECUTIVE DIRECTOR 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 107306 107306 107306 552 552 107858 107306 0 552 21192 21192 1060 1060 7220 7220 1564 1564 11760 11760 9000 9000 1250 1250 3395 3395 22172 22172 1437 1437 25350 25350 11175 10496 679 REPAIRS AND MAINTENANCE 26172 26172 MISCELLANEOUS ADMINISTR 69 69 142816 119871 22945 0 2543 5150 1087 2717 932910 672970 277637 259940 43109 30482 324376 298289 16171 23758 638 743 869596 870775 886405 895276 X -562029 -596987 -562029 -596987 324376 298289 -34958 0 X 0 1 X 1 1 1 X 106509 108964 114243 110247 107306 547269 106509 108964 114243 110247 107306 547269 0 0 0 547269 9 4 3 36 552 604 9 4 3 36 552 604 106518 108968 114246 110283 107858 547873 0.99890 0.99990 0.00110 0.00010 X 50000 50000 808355 619249 189106 74555 53721 20834 259940 TENANT SECURITY DEPOSITS 5176 REPLACEMENT RESERVE 25306 30482 TENANT SECURITY DEPOSITS 5175 CAPITAL ADVANCE 865600 870775 X 107858 0 107858 0 107858 142816 0 142816 0 142816 PART X, LINE 2: THE HOUSING CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HOUSING CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE HOUSING CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE HOUSING CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY, NEW DAY, INC OF SPARTANBURG, FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT COMPANY IS AFFILIATED WITH THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE RETURN IS FINALIZED AND PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST. LAURELWOOD INC OF SPARTANBURG 275 LAURELWOOD DRIVE BOILING SPRINGS SC 29316 571019592 AFFORDABLE HOUSING FOR MENTALLY ILL SC 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0