2025-11-12T19:56:42-05:00 2024-12-31 392122255 BFJW ACCOUNTANTS LLC 5420 W MARKHAM ST LITTLE ROCK AR 72205 990 2024-01-01 710563803 MONTICELLO ECUMENICAL RETIREMENT CENTER INC MONT 8703675967 570 WEST CONRAD STREET MONTICELLO AR 71655 FRANK FERGUSON PRES/CEO 8703675967 2025-11-11 true true MARK S WATKINS CPA P00385060 5016630990 2025-11-12 2024 2025-03-06 01:10:19Z FRANK FERGUSON 324 W BOLLING MONTICELLO AR 71655 520457 false X X 1982 AR MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. 6 6 3 0 0 479624 502096 11302 18279 1984 82 492910 520457 0 0 116416 114699 0 0 277619 268859 394035 383558 98875 136899 1220183 1206496 224195 73609 995988 1132887 X MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. false false 376333 502096 THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. 376333 true false false false false false false false false false true false false false false false 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 0 0 3 true false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false false true true true false false true true false X X THE ORGANIZATION 8703675967 570 WEST CONRAD STREET MONTICELLO AR 71655 X FRANK FERGUSON PRES/CEO X X 0 0 0 SUSAN MUSICK SEC/TREAS X X 0 0 0 ROSALEE EMERSON DIRECTOR X 0 0 0 LAURA FERGUSON BOARD MEMBER X 0 0 0 MARILYN MHOON BOARD MEMBER X 0 0 0 KATHY TUMLINSON BOARD MEMBER X 0 0 0 false false false RENT INCOME-APTS 502096 502096 502096 18279 18279 OTHER - LAUNDRY REVENUE 82 82 82 520457 502096 18361 X 107480 107480 7219 7219 1250 1250 7225 7225 4188 4188 1561 1561 10191 10191 44764 44764 55060 55060 REPAIRS-CONTRACT 37372 37372 GROUND CONTRACT 21360 21360 HEAT & AIR REPAIRS 17348 17348 GARBAGE REMOVAL 13932 13932 54608 54608 383558 376333 7225 0 46545 63773 647199 661019 276 305 2099413 1618114 526063 481299 100 100 1220183 1206496 33322 33620 190873 39989 224195 73609 X 995988 1132887 995988 1132887 1220183 1206496 X 136899 X false true X true true true X 458038 476018 481086 479624 502096 2396862 458038 476018 481086 479624 502096 2396862 2396862 1647 1641 1300 11302 18279 34169 639 639 2431670 2396541 0.98570 0.99230 X 31500 31500 1932878 1483079 449799 135035 135035 481299 520457 520457 520457 383558 383558 383558 FORM 990 - ORGANIZATION'S MISSION MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT AUDITOR AND IS THOROUGHLY REVIEWED BEFORE SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS INCLUDED IN ITS WRITTEN POLICY MANUAL. NO EXCEPTIONS TO THIS POLICY WILL BE MADE UNLESS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15B NO OFFICERS ARE COMPENSATED BY THIS ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 ON REQUEST FORM 990, PART IX, LINE 24E WATER 12,635 0 0 MISC ADMIN 8,104 0 0 SEWER 7,152 0 0 ELECTRICITY 7,132 0 0 EXTERMINATING SUPPLIES 4,467 0 0 JANITOR & CLEANING CONTRA 3,665 0 0 DECORATING SUPPLIES 3,284 0 0 TELEPHONE 3,138 0 0 REPAIRS-MATERIAL 1,992 0 0 GOUND SUPPLIES & REPL 1,775 0 0 JANITOR & CLEANING SUPP 1,000 0 0 MISC MAINTENANCE EXPENSE 782 0 0 MISC TAXES & LIC & PERMIT 65 0 0 DAMAGES & CLEANING -583 0 0 TOTAL 54,608 0 0 FORM 990, PART XI, LINE 9 ROUNDING ADJUSTMENT 0