2025-10-29T00:01:06-05:00 2024-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2024-01-01 581484320 COMMUNITY DEVELOPERS OF GRANITE QUARRY INC COMM 7043423316 4600 PARK ROAD SUITE 390 CHARLOTTE NC 28209 WILLIAM BOLSTAD PRESIDENT 7043423316 2025-10-28 1 1 CASEY H PATTERSON P01281279 3362944494 2025-10-27 2024 2025-03-06 01:10:19Z WILLIAM BOLSTAD 4600 PARK ROAD SUITE 390 CHARLOTTE NC 28209 303901 0 X N/A X 1982 NC TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 3 3 0 3 0 0 172639 183321 106537 120104 252 314 975 162 280403 303901 0 0 0 0 0 0 0 0 0 248303 247380 248303 247380 32100 56521 1015311 1040113 947176 915457 68135 124656 TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 0 0 239612 120266 OPERATE 30 LOW-INCOME HOUSING UNITS FOR THE ELDERLY. 239612 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 1 5 0 1 0 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 COMMUNITY MANAGEMENT CORP 3367650424 PO BOX 25168 WINSTONSALEM NC 271145168 X WILLIAM BOLSTAD PRESIDENT 1.00 X X 0 0 0 CARI JONES VICE-PRESIDENT 1.00 X X 0 0 0 LISA LEMOS SECRETARY/TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 183321 183321 TENANT RENTAL PAYMENTS 531110 116877 116877 TENANT CHARGES 531110 2441 2441 LAUNDRY & VENDING 531110 786 786 120104 314 314 MISCELLANEOUS REVENUE 531110 162 162 162 303901 120266 0 314 X 23600 23600 307 307 7768 7768 1742 1742 8271 8271 24615 24615 502 502 31483 31483 23820 23820 18341 18341 MANAGER SALARY REIMBURS 29380 29380 CONTRACTS 24562 24562 SERVICE COORDINATOR CON 19066 19066 SUPPLIES 6545 6545 27378 27378 247380 239612 7768 0 15687 21717 412684 435224 2014 5580 10949 11549 1352955 857440 500719 495515 62151 59512 11107 11016 1015311 1040113 14979 8912 18 15 921072 895514 11107 11016 947176 915457 X 68135 124656 68135 124656 1015311 1040113 56521 0 X 0 1 X 1 1 1 X 166367 171661 170337 172639 183321 864325 91009 96393 97260 107512 120266 512440 257376 268054 267597 280151 303587 1376765 0 0 0 1376765 130 99 122 252 314 917 130 99 122 252 314 917 257506 268153 267719 280403 303901 1377682 0.99930 0.99940 0.00070 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37138 37138 1253249 803005 450244 9487 9487 0 53081 44948 8133 495515 TENANT SECURITY DEPOSITS 11016 11016 X 303901 0 303901 0 303901 247380 0 247380 0 247380 PART X, LINE 2: IT IS THE ORGANIZATION'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 ORGANIZATION DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO COMMUNITY MANAGEMENT CORPORATION. THE APARTMENT COMPLEX FOR THE ELDERLY IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENT CHARGES AND OPERATING METHODS. COMMUNITY MANAGEMENT CORPORATION WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, COPY OF FORM 990, AND OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E OFFICE SALARY REIMBURSEMENTS: PROGRAM SERVICE EXPENSES 4,936. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,936. PAYROLL REIMBURSEMENT: PROGRAM SERVICE EXPENSES 4,138. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,138. MORTGAGE INSURANCE PREMIUMS AND SERVICE CHARGES: PROGRAM SERVICE EXPENSES 4,082. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,082. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 3,041. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,041. MISCELLANEOUS OPERATING & MAINTENANCE EXPENSES: PROGRAM SERVICE EXPENSES 2,709. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,709. PAYROLL TAXES REIMBURSEMENT: PROGRAM SERVICE EXPENSES 2,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,700. HEATING/COOLING REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 2,622. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,622. BAD DEBT: PROGRAM SERVICE EXPENSES 2,260. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,260. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 630. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 630. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 260. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260.