2024-05-14T00:13:56-04:00 2023-12-31 815081933 PAUL J CHRISTENSEN & ASSOCIATES LLC 2110 AUSTIN AVE WACO TX 76701 990 2023-01-01 752362401 DUNCANVILLE INDEPENDENT LIVINGINC DUNC 9722987020 112 S 32ND STREET WACO TX 76710 CAROLYN GREER PRESIDENT 9722987020 2024-05-02 true CAROLYN GREER 999009999 false PAUL J CHRISTENSEN CPA P01370407 2547523436 2024-05-02 X 2023 2023-04-26 12:10:37Z CAROLYN GREER 266705 false X X TO PROVIDE LOW INCOME HOUSING 6 6 1 0 0 259601 266392 39 87 1518 226 261158 266705 0 0 44933 24158 0 0 203317 210781 248250 234939 12908 31766 523752 505323 756229 706034 -232477 -200711 X TO PROVIDE LOW INCOME HOUSING false false 212077 266392 THE OPERATION OF A 24 UNIT LOW INCOME HOUSING PROJECT CONSTRUCTED AND OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR THE ELDERLY AND HANDICAPPED. TO PROVIDE LOW INCOME HOUSING. 212077 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 1 true false false false false false false false false X 6 6 false true false false false false false true true false false true false false false true true false X THE SOVEREIGN MANAGEMENT CORP 2547530105 112 SOUTH 32ND ST WACO TX 76710 X DAN BARKLEY DIRECTOR X 0 0 0 JERRY BOYD DIRECTOR X 0 0 0 BILL DOVER DIRECTOR X 0 0 0 CAROLYN GREER PRESIDENT X 0 0 0 DAVID MILLS DIRECTOR X 0 0 0 DOTTI PENNEBAKER SECRETARY X 0 0 0 false false false TENANT ASSISTANCE PAYMENTS 531110 207025 207025 TENANT RENTAL CHARGES 531110 59367 59367 266392 87 87 LAUNDRY REVENUE 531110 201 201 TENANT CHARGES 531110 15 15 MISCELLANEOUS REVENUE 531110 10 10 226 266705 266618 87 22422 22422 1736 1736 13397 13397 9102 9102 8054 8054 23032 23032 363 363 60694 60694 39198 39198 30124 30124 OPERATING CONTRACTS 12493 12493 REPAIRS & MAINTENANCE 6168 6168 SUPPLIES 3516 3516 GARBAGE & TRASH REMOVAL 2992 2992 1648 1648 234939 212077 22862 0 330 294 30810 41867 26 26 25812 28267 1351443 920074 463274 431369 3500 3500 523752 505323 26022 18501 67 181 700497 651602 29643 35750 756229 706034 X -232477 -200711 -232477 -200711 523752 505323 31766 X false true X true true true X 195591 202412 203863 205186 207025 1014077 195591 202412 203863 205186 207025 1014077 1014077 54746 50785 50754 55972 59680 271937 1286014 1285888 0.78850 0.79010 X 168733 168733 1048188 832850 215338 134522 87224 47298 431369 INSURANCE POLICY NOTE PAYABLE 23375 TENANT SECURITY DEPOSITS 7488 INTEREST PAYABLE 4887 35750 X 266705 266705 266705 234939 234939 234939 SCHEDULE D, PAGE 3, PART X THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE PROJECT HAS NO MATERIAL UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THAT THE PROJECT RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE PROJECT'S TAX-EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE PROJECT HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED DECEMBER 31, 2022, THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. THE FEDERAL RETURNS OF THE PROJECT FOR 2022, 2021 AND 2020 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THERE ARE NO EXAMINATIONS CURRENTLY IN PROGRESS. FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE LOW INCOME HOUSING. FORM 990, PAGE 6, PART VI, LINE 3 SOVEREIGN MANAGEMENT CORP. 112 S 32ND WACO, TX 76710 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT A SCHEDULED MEETING PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 15A NOT COMPENSATED FORM 990, PAGE 6, PART VI, LINE 15B NOT COMPENSATED FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILBLE TO THE PUBLIC UPON REQUEST.