2024-03-10T12:51:22-05:00 2023-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-01-01 630771723 CALHOUN PRESBYTERIAN APARTMENTS INC CALH 2562372569 75 LENLOCK LANE ANNISTON AL 362061518 LARRY DAWSON CHAIRMAN 2562372569 2024-03-09 1 LARRY DAWSON 999009999 1 MARY JO ALEXANDER P00002534 7709558600 2024-03-09 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z WESTMINSTER APARTMENTS LARRY DAWSON 75 LENLOCK LANE ANNISTON AL 362061518 1827629 0 X N/A X 1978 AL TO PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED. X 10 10 0 10 0 0 0 25000 1104539 190210 24 1460411 8463 2223 1113026 1677844 0 0 0 0 190727 32529 0 0 0 670118 196893 860845 229422 252181 1448422 1654676 3036770 66328 0 1588348 3036770 X TO PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED. 0 1 186387 190210 PROVIDES A HOUSING COMPLEX FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THIS PROJECT PROVIDES 100 UNITS IN ANNISTON, ALABAMA. THIS PROJECT IS REGULATED BY HUD. THE PROPERTY WAS SOLD TO NEW OWNERS AND CEASED OPERATING THE APARTMENT COMPLEX ON FEBRUARY 28, 2023 BUT CONTINUE TO PROVIDE ACTIVITIES FOR THE RESIDENTS OF THE COMPLEX. 186387 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 0 0 0 0 0 1 X 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 X MANSERMAR INC 6783302000 3237 SATELLITE BLVD STE 310 DULUTH GA 30096 X LARRY DAWSON CHAIRMAN 2.00 X X 0 0 0 DAN MASON VICE CHAIRMAN 1.00 X X 0 0 0 KAREN CROCKETT SECRETARY 1.00 X X 0 0 0 ROBERT SYKES BOARD MEMBER 1.00 X 0 0 0 ETHELYN BROWN BOARD MEMBER 1.00 X 0 0 0 LIN VEASEY BOARD MEMBER 1.00 X 0 0 0 NANCY WHITLEY BOARD MEMBER 1.00 X 0 0 0 SCHUESSLER WARE BOARD MEMBER 1.00 X 0 0 0 LEWIS DOWNING BOARD MEMBER 1.00 X 0 0 0 JERRY PARRIS BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 25000 25000 RENTAL INCOME 531110 190210 190210 190210 109171 109171 1501025 149785 1351240 1351240 1351240 LAUNDRY & VENDING 900099 2223 2223 2223 1677844 190210 0 1462634 28420 23979 4441 2073 1749 324 2036 1718 318 9962 9962 18523 18523 9467 9467 525 525 12620 12620 74140 74140 3169 3169 15779 15779 17292 17292 REPAIRS & MAINTENANCE 30051 30051 BAD DEBTS 5323 5323 OTHER RENTING EXPENSES 42 42 229422 186387 43035 0 276968 247926 563591 2750000 7553 7382 0 0 0 799182 0 0 38844 1654676 3036770 30163 0 13 0 36152 0 66328 0 X 1588348 3036770 1588348 3036770 1654676 3036770 1448422 0 X X 0 1 X 1 1 1 X 25000 25000 990995 1056470 1048577 1104539 190210 4390791 990995 1056470 1048577 1104539 215210 4415791 0 315 132 206184 206631 315 132 206184 206631 4209160 251 80 34 24 109171 109560 251 80 34 24 109171 109560 9612 8054 4654 8463 2223 33006 1000858 1064604 1053265 1113026 326604 4558357 0.92340 0.99180 0.02400 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2019 AMOUNT: $ 9,612. 2020 AMOUNT: $ 8,054. 2021 AMOUNT: $ 4,654. 2022 AMOUNT: $ 8,463. 2023 AMOUNT: $ 2,223. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1677844 0 1677844 0 1677844 229422 0 229422 0 229422 PART X, LINE 2: MANAGEMENT EVALUATED THE PROJECT'S TAX POSITIONS AND CONCLUDED THAT THE PROJECT HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FIXED ASSETS 2023-02-28 1501025 SALES PRICE WESTMINSTER APARTMENTS LLC 112 NORTH CURRY STREET CARSON CITY NV 89703 0 0 0 0 FORM 990, PART III, LINE 3 THE PROPERTY WAS SOLD TO NEW OWNERS AND CEASED OPERATING THE APARTMENT COMPLEX ON FEBRUARY 28, 2023 BUT CONTINUE TO PROVIDE ACTIVITIES FOR THE RESIDENTS OF THE COMPLEX. IN DECEMBER 2023, THE BOARD OF DIRECTORS AMENDED THE ARTICLES OF INCORPORPORATION CONVERTING THE PUBLIC CHARITY TO A PRIVATE FOUNDATION EFFECTIVE 1.1.2024. FORM 990, PART 1, LINE 5 AND PART V, LINE 2A THE ENTITY DOES NOT HAVE ANY EMPLOYEES. RATHER ALL INDIVIDUALS WORKING FOR THE ENTITY ARE EMPLOYEES OF THE MANAGEMENT COMPANY. THE AMOUNTS PAID TO THESE INDIVIDUALS BY THE MANAGEMENT COMPANY ARE SHOWN AS SALARIES ON PART IX, LINE 7. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION APPOINTS MANSERMAR INC., THE MANAGEMENT COMPANY, AS EXCLUSIVE AGENT FOR THE MANAGEMENT OF HOUSING DEVELOPMENT CONSISTING OF LAND, BUILDINGS, AND OTHER IMPROVEMENTS. THE DUTIES OF THE MANAGEMENT COMPANY INCLUDE, BUT ARE NOT LIMITED TO, MANAGEMENT INPUT DURING HUD PROCESSING, MARKETING, COLLECTIONS OF RENT AND OTHER RECEIPTS, ENFORCEMENT OF LEASE, REPAIRS AND MAINTENANCE, UTILITIES AND SERVICES. FORM 990, PART VI, SECTION A, LINE 4 IN DECEMBER 2023, THE BOARD OF DIRECTORS AMENDED THE ARTICLES OF INCORPORPORATION CONVERTING THE PUBLIC CHARITY TO A PRIVATE FOUNDATION EFFECTIVE 1.1.2024. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO A MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. THE MEMBER REVIEWS THE RETURN AND COMPARES THE AMOUNTS PRESENTED TO THE AUDITED FINANCIAL STATEMENTS. THE RETURN IS THEN SIGNED BY AN OFFICER AND SHARED WITH THE REST OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE PROVIDED TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PRESIDENT OF THE MANAGEMENT COMPANY WILL REVIEW THE AUDITED FINANCIAL STATEMENTS AND AN OFFICER OF THE BOARD WILL REVIEW THE AUDITED FINANCIAL STATEMENTS PRIOR TO FILING. THE BOARD IS PROVIDED WITH A COPY SUBSEQUENT TO ISSUANCE OF THE AUDITED FINANCIAL STATEMENTS.