2025-02-18T12:52:04-06:00 2024-03-31 640809101 HARPER RAINS KNIGHT & COMPANY PA 1052 HIGHLAND COLONY PKWY STE 100 RIDGELAND MS 39157 990 2023-04-01 640427411 COLUMBIA DEVELOPMENT PROGRAMS INC COLU 6019486401 PO BOX 1220 JACKSON MS 392151220 SHEILA CONERLY SECRETARY 6019486401 2025-02-18 1 0 JOEY FLETCHER CPA P02465065 6016050722 2025-02-18 2023 2025-03-06 01:10:19Z SHEILA CONERLY PO BOX 1220 JACKSON MS 392151220 1158802 0 X N/A X 1972 MS RENTAL OF LOW INCOME HOUSING 3 3 6 0 0 0 0 0 1117363 1158746 68 56 0 0 1117431 1158802 0 0 0 0 288602 292541 0 0 0 661442 597128 950044 889669 167387 269133 1095818 1386691 115459 137201 980359 1249490 TO PROVIDE LOW INCOME HOUSING 0 0 625409 1158746 RENTAL OF LOW INCOME HOUSING 625409 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 0 0 0 1 2 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X INVENTIVE PROPERTY MANAGEMENT 6017148350 381 EDGEWOOD TERRACE JACKSON MS 39206 X CHARLES LEE PRESIDENT 2.00 X X 0 0 0 FRANK COLLINS VICE PRESIDENT 2.00 X X 0 0 0 SHELIA CONERLY SECRETARY/TREASURER 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 1155174 1155174 LATE CHARGES 531110 3572 3572 1158746 56 56 1158802 1158746 0 56 241891 145135 96756 30344 18206 12138 20306 12184 8122 65577 65577 20304 20304 5400 5400 4598 4598 102468 101248 1220 94375 92690 1685 UTILITIES 104390 102526 1864 REAL ESTATE TAXES 72084 70797 1287 REPAIRS AND MAINTENANCE 47467 47467 OTHER ADMIN EXPENSES 30104 30104 50361 35156 15205 889669 625409 264260 0 73600 90698 8995 9444 6828 44071 3452104 2423563 770544 1028541 235851 213937 1095818 1386691 69005 89298 46454 47903 115459 137201 X 980359 1249490 980359 1249490 1095818 1386691 269133 0 X X 0 1 X 1 0 224368 224368 2003695 1405667 598028 1224041 1017896 206145 1028541 MORTGAGE ESCROW DEPOSITS 304 REPLACEMENT RESERVE FUND 106774 RESIDUAL RECEIPTS RESERVE FUND 62991 TENANT SECURITY DEPOSITS 25458 MISCELLANEOUS OTHER ASSETS 2410 DEFERRED LOAN COSTS 16000 213937 ACCRUED PROPERTY TAXES 18143 TENANT SECURITY DEPOSITS 23832 ACCRUED MGT FEES PAYABLE 5928 47903 X 1158802 0 1158802 0 1158802 889669 0 889669 0 889669 PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THE COMPANY IS ALSO EXEMPT FROM STATE INCOME TAXES. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED RELATED TO THE CURRENT YEAR AND THE PROJECT HAS NO UNRECOGNIZED TAX BENEFITS AT MARCH 31, 2024 FOR WHICH LIABILITIES HAVE BEEN ESTABLISHED. THE PROJECT RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. THE TAX YEARS THAT REMAIN OPEN FOR FEDERAL INCOME TAX JURISDICTIONS ARE 2023 AND FORWARD. FORM 990, PART VI, SECTION A, LINE 3 WITH APPROVAL FROM HUD, THE ORGANIZATION HAS ENTERED INTO A PROPERTY MANAGEMENT CONTRACT FOR THE PROJECT WITH INVENTIVE PROPERTY MANAGEMENT (AGENT). THE CONTRACT IS FOR AN INDEFINITE PERIOD. UNDER THE CONTRACT, THE AGENT HAS AGREED TO RENT, OPERATE, AND MAINTAIN THE PROJECT. AS CONSIDERATION FOR ITS SERVICES, THE AGENT IS PAID 5.05 PERCENT OF RESIDENTIAL, COMMERCIAL AND MISCELLANEOUS INCOME COLLECTED ON BEHALF OF THE EAST COLUMBIA PROJECT WITH NO LIMIT PER UNIT/PER MONTH AND 7.66 PERCENT OF RESIDENTIAL AND MISCELLANEOUS INCOME FOR THE PERIOD OF TEN YEARS COLLECTED ON BEHALF OF THE COLUMBIA DEVELOPMENT PROJECT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S PRINCIPAL OFFICER. A COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY. THE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990, APPROVES THE FORM 990 FOR FILING WITH THE INTERNAL REVENUE SERVICE, AND AUTHORIZES OFFICERS OF THE ORGANIZATION TO EXECUTE THE FORM 990 ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR 990 AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH OTHER PUBLIC OUTLETS SUCH AS GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C: THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.