2025-02-03T00:24:27-06:00 2024-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-07-01 561414532 FRANKLIN-VANCE-WARREN HOUSING OF FRANKLIN COUNTY INC FRAN 2524920161 180 S BECKFORD DRIVE HENDERSON NC 27536 ABDUL SM RASHEED CHIEF EXECUTIVE OFFICER 2524920161 2025-01-13 1 0 CASEY H PATTERSON P01281279 3362944494 2025-01-11 2023 2025-03-06 01:10:19Z ABDUL SM RASHEED 180 S BECKFORD DRIVE HENDERSON NC 27536 600357 0 X N/A X 1986 NC TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 14 14 0 14 0 0 373386 365523 206989 234649 137 185 0 0 580512 600357 0 0 0 0 0 0 0 0 0 614070 674340 614070 674340 -33558 -73983 1123828 1009439 2078219 2037813 -954391 -1028374 TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 0 0 640602 234649 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 640602 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 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X MULTIFAMILY SELECT INC 7048825415 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X DR TONY COZART CHAIRPERSON 4.00 X X 0 0 0 TARE DAVIS 1ST VICE CHAIR 4.00 X X 0 0 0 DR RICHARD HENDERSON TREASURER 4.00 X X 0 0 0 VICTOR HUNT 2ND VICE CHAIR 4.00 X X 0 0 0 REV JAMES O VANDERGRIFT CHAPLAIN 2.00 X 0 0 0 JOSEPH FOGG BOARD MEMBER 2.00 X 0 0 0 SUE HINMAN BOARD MEMBER 2.00 X 0 0 0 JAMES R JONES BOARD MEMBER 2.00 X 0 0 0 JAMES SPEED BOARD MEMBER 2.00 X 0 0 0 MINNIE VAUGHAN PARLIAMENTARIAN 2.00 X 0 0 0 LEO KELLEY BOARD MEMBER 2.00 X 0 0 0 ALFRED RICHARDSON BOARD MEMBER 2.00 X 0 0 0 SEAN ALSTON BOARD MEMBER 2.00 X 0 0 0 LANISHA HINTON BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 365523 365523 RENTAL REVENUE 531110 233637 233637 LAUNDRY AND VENDING 531110 536 536 TENANT CHARGES 531110 476 476 234649 185 185 600357 234649 0 185 X 41516 41516 130 130 27366 27366 18802 18802 48439 48439 105545 105545 89511 89511 66152 66152 MISCELLANEOUS FINANCIAL 74150 74150 CONTRACTS 54851 54851 MANAGER SALARY REIMBURS 51750 51750 PAYROLL REIMBURSEMENT 24251 24251 71877 65505 6372 674340 640602 33738 0 38492 8950 2896 5788 26115 32764 3108014 2539017 658508 568997 397817 392940 1123828 1009439 36993 17834 1844 3885 1969825 1900768 69557 115326 2078219 2037813 X -954391 -1028374 -954391 -1028374 1123828 1009439 -73983 0 X 0 1 X 1 1 1 X 342431 387552 400981 373386 365523 1869873 184404 185112 180525 206989 234649 991679 526835 572664 581506 580375 600172 2861552 0 0 0 2861552 332 132 116 137 185 902 332 132 116 137 185 902 527167 572796 581622 580512 600357 2862454 0.99970 0.99970 0.00030 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88915 88915 2689782 2283544 406238 226697 167989 58708 102620 87484 15136 568997 SECTION 8 CONTRACT SAVINGS 56576 REPLACEMENT RESERVE ESCROW 199269 MORTGAGE ESCROW DEPOSITS 43645 TENANT SECURITY DEPOSITS 23641 RESIDUAL RECEIPTS ACCOUNTS 34538 CONSTRUCTION IN PROGRESS 35271 392940 ADVANCE DUE TO RELATED PARTY 94123 TENANT SECURITY DEPOSIT 21203 115326 X 600357 0 600357 0 600357 674340 0 674340 0 674340 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 2024. 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 APARTMENT COMPLEX IS REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. MULTIFAMILY SELECT WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AND THEREFORE NO MEETINGS TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR OF FRANKLIN-VANCE-WARREN OPPORTUNITY, INC. REVIEWS THE FORM 990 WITH THE AUDITED FINANCIAL STATEMENTS BEFORE FILING. THE FULL BOARD WILL RECEIVE A COPY TO REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL INVOLVED ARE REQUIRED, BY POLICY, TO ACKNOWLEDGE ANY CONFLICTS. IF THERE ARE APPEARANCES OF A CONFLICT OF INTEREST, INDIVIDUALS WHO MAY BENEFIT, SHALL ABSTAIN FROM PARTICIPATING. THE ORGANIZATION CONSISTENTLY MONITORS CONTRACTS AND PAY REQUESTS TO ENSURE COMPLIANCE WITH POLICY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE HELD IN THE CUSTODY OF THE ORGANIZATION. REQUESTS FOR ANY PUBLIC INFORMATION ARE HONORED WHEN RECEIVED IN WRITING. FORM 990, PART IX, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 15,491. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,491. MANAGEMENT CONSULTANT: PROGRAM SERVICE EXPENSES 10,656. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,656. SECURITY PAYROLL REIMBURSEMENT: PROGRAM SERVICE EXPENSES 8,716. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,716. MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 8,696. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,696. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 6,999. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,999. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 6,448. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,448. MISCELLANEOUS ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,372. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,372. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 5,394. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,394. OFFICE SALARIES: PROGRAM SERVICE EXPENSES 1,440. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,440. BAD DEBTS: PROGRAM SERVICE EXPENSES 1,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,100. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 565. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 565. FRANKLIN-VANCE-WARREN OPPORTUNITY 180 S BECKFORD DRIVE HENDERSON NC 27536 560861261 ADVANCE GENERAL WELFARE NC 501C3 LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRANKLIN-VANCE-WARREN OPPORTUNITY INC E 51128 FMV