2025-11-12T14:10:54-06:00 2024-12-31 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-01-01 581475671 COMMUNITY HOUSING ALTERNATIVES INC COMM 3367241000 603 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 DIANE MCARTHUR PRESIDENT 3367241000 2025-11-11 1 1 REBECCA FISHER P01690017 7044993893 2025-11-11 2024 2025-03-06 01:10:19Z ADELAIDE WALTERS APARTMENTS DIANE MCARTHUR 603 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 266963 0 X N/A X 1982 NC TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS THROUGH PROGRAMS SUPERVISED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 5 5 0 5 0 0 0 184857 249178 81943 120 163 2812 0 252110 266963 0 0 0 0 29407 35924 0 0 0 212429 207727 241836 243651 10274 23312 444813 394494 702782 629145 -257969 -234651 X TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS THROUGH PROGRAMS SUPERVISED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 0 0 174300 81943 TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS THROUGH PROGRAMS SUPERVISED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS. 174300 1 1 0 0 0 0 0 0 1 0 1 0 1 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 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 NC X RPM INC 3367241000 1105 BROOKSTOWN AVENUE WINSTON SALEM NC 27101 X DIANE MCARTHUR PRESIDENT 1.00 X X 0 0 0 RICHARD DUCKER VICE PRESIDENT 1.00 X X 0 0 0 KENDALL MCMILLAN SECRETARY 1.00 X X 0 0 0 MICHELLE LYTLE BOARD MEMBER 1.00 X 0 0 0 MEREDITH S SMITH BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 184857 184857 RENT REVENUE 531110 78587 78587 TENANT CHARGES 531110 3160 3160 LAUNDRY AND VENDING 531110 196 196 81943 163 163 266963 81943 0 163 X 31940 8301 23639 346 346 3638 3638 19845 19845 207 207 6363 6363 59880 59880 23133 12284 10849 36601 36601 2020 2020 25597 25597 15143 15143 1208 1208 SERVICE COORDINATOR 11302 11302 MISC ADMIN EXPENSES 3173 3173 BAD DEBT EXPENSE 2963 2963 OTHER RENTING EXPENSES 292 292 243651 174300 69351 0 15149 4825 1 96 14404 17282 1292129 1105648 197255 186481 159823 178984 48770 9411 6826 444813 394494 8213 8886 1176 2035 6505 6713 657559 611511 29329 702782 629145 X -257969 -234651 -257969 -234651 444813 394494 23312 6 0 X 0 1 X 1 1 1 X 155606 162562 165207 172351 184857 840583 155606 162562 165207 172351 184857 840583 840583 48 37 47 120 163 415 840998 1059038 0.99950 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 127834 127834 842766 833396 9370 48487 29039 19448 273042 243213 29829 186481 RESERVE FOR REPLACEMENT 166551 C RESIDUAL RECEIPTS RESERVE 8566 C ESCROW DEPOSITS 3867 C 178984 X 266963 0 266963 0 266963 243651 0 243651 0 243651 PART IV, LINE 2B: FUNDS COLLECTED AS TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE TRUST ACCOUNT. PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AN ENTITY MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECORDING A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S TAX YEARS ENDED DECEMBER 31, 2023, 2022, AND 2021 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS. THE ORGANIZATION FILES A TAX RETURN ANNUALLY FOR INFORMATIONAL PURPOSES ONLY. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC. TO MANAGE ALL DAY-TO-DAY OPERATIONS OF THE APARTMENT COMPLEX. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND SIGNATURE PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTS: PROGRAM SERVICE EXPENSES 54,314. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,314. SECURITY: PROGRAM SERVICE EXPENSES 4,749. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,749. MISC: PROGRAM SERVICE EXPENSES 817. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 817.