2025-11-17T12:49:22-06:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 562525420 MIRACLE SQUARE INC MIRA 8038083966 1403 JARET COURT WEST COLUMBIA SC 29169 RONNIE MCRAE BOARD PRESIDENT 8038083966 2025-11-14 1 0 IRISH THURSTON P01662190 3362944494 2025-11-14 2023 2025-03-06 01:10:19Z X RONNIE MCRAE 1403 JARET COURT WEST COLUMBIA SC 29169 101017 0 X N/A X 2004 SC MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 6 6 0 6 0 0 62616 75507 24156 25019 53 491 468 0 87293 101017 0 0 0 0 0 0 0 0 0 103192 109498 103192 109498 -15899 -8481 853604 856091 1144839 1166860 -291235 -310769 X MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 0 0 104807 25019 MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. 104807 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 X SOUTHERN DEVELOPMENT MANAGEMENT COMPANY INC 8038083966 1403 JARET COURT WEST COLUMBIA SC 29169 X RONNIE MCRAE PRESIDENT 0.50 X X 0 0 0 MARGARET HARRIS VICE PRESIDENT 0.50 X X 0 0 0 JESSICA GURLEY SECRETARY 0.50 X X 0 0 0 NAKIA STACKS TREASURER 0.50 X X 0 0 0 ANNETTE GILCREST TREASURER 0.50 X X 0 0 0 JAMES MCRAE BOARD MEMBER 0.50 X 0 0 0 0 0 0 0 0 0 0 0 75507 75507 TENANT RENTAL PAYMENTS 531110 25019 25019 25019 491 491 101017 25019 0 491 6726 6726 8 8 4360 4360 4126 4126 11611 11611 29007 29007 15308 15308 CONTRACTS 10442 10442 MANAGER SALARY REIMBURS 9568 9568 SUPPLIES 6008 6008 PAYROLL 5126 5126 7208 6877 331 109498 104807 4691 0 3973 25330 2516 5006 3406 11693 1159597 455992 732717 703605 110992 110457 853604 856091 5463 16391 1137348 1148300 2028 2169 1144839 1166860 X -291235 -310769 -291235 -310769 853604 856091 -8481 -11053 0 X 0 1 X 1 1 1 X 62383 62552 65632 62616 75507 328690 21639 22584 22255 24156 25019 115653 84022 85136 87887 86772 100526 444343 0 0 0 444343 42 49 46 53 491 681 42 49 46 53 491 681 84064 85185 87933 86825 101017 445024 0.99850 0.98080 0.00150 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70947 70947 1028289 411316 616973 50126 40496 9630 10235 4180 6055 703605 TENANT SECURITY DEPOSITS 2169 RESERVE REPLACEMENTS 106320 RESIDUAL RECEIPTS 1967 ESCROW DEPOSITS 1 110457 TENANT SECURITY DEPOSITS 2169 2169 X 101017 0 101017 0 101017 109498 0 109498 0 109498 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILES WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY-TO-DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY, AND AFFORDABLE ENVIORNMENT. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF SOUTH SUMTER NEW DIRECTION FOUNDATION OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES (DIRECTORS) OF THE SAID SPONSORING ORGANIZATION. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF SOUTH SUMTER NEW DIRECTION FOUNDATION OR, IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR (TRUSTEE) OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. THE RETURN IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW, APPROVAL AND SIGNATURE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.