2025-11-21T15:45:16-06:00 2025-04-30 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2024-05-01 591415041 RE-BUILD FOUNDATION INC RE-B 9547337700 4981 NW 13 STREET LAUDERHILL FL 33313 PATRICIA WILKS PRESIDENT 9547337700 2025-11-21 1 1 SAMUEL T BOERMA P00614373 8506500125 2024 2025-03-06 01:10:19Z LA LEE TERRACE APARTMENTS PATRICIA WILKS 4981 NW 13 STREET LAUDERHILL FL 33313 1293177 0 X N/A X 1969 FL ADVANCED THE WELFARE OF THE COMMUNITY, THROUGH CONSTRUCTION, MAINTAINING AND OPERATING A SIXTY-FIVE (65) UNIT MULTIFAMILY GOVERNMENTAL ASSISTED HOUSING PROJECT FOR THE ELDERLY AND LOW-TO-MODERATE INCOME FAMILIES. 6 6 0 0 0 0 0 0 793773 1286231 8253 6946 0 0 802026 1293177 0 0 0 0 160269 156611 0 0 0 571117 792095 731386 948706 70640 344471 1201194 1568609 33370 56314 1167824 1512295 ADVANCED THE WELFARE OF THE COMMUNITY, THROUGH CONSTRUCTION, MAINTAINING AND OPERATING A SIXTY-FIVE (65) UNIT MULTIFAMILY GOVERNMENTAL ASSISTED HOUSING PROJECT FOR THE ELDERLY AND LOW-TO-MODERATE INCOME FAMILIES. 0 0 861622 1286231 RENTAL OF 65 UNITS UNDER A HUD 221(D)(3) PROGRAM 861622 1 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 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 X PHASE HOUSING MANAGEMENT LLC 7708091218 4920 ATLANTA HIGHWAY SUITE 345 ALPHARETTA GA 30004 X KENNETH GOSIER DIRECTOR 1.00 X 0 0 0 THOMACINA GOSIER DIRECTOR 1.00 X 0 0 0 REV WILLIE COOK VICE PRESIDENT 1.00 X X 0 0 0 BARBARA ROBERTS SECRETARY, DIRECTOR 1.00 X X 0 0 0 SHELONDA BROWN SECRETARY, TREASURER, DIRE 1.00 X X 0 0 0 PATRICIA WILKS PRESIDENT 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 1286231 1286231 1286231 6946 6946 1293177 1286231 0 6946 140393 140393 5366 5366 10852 10852 58089 58089 250 250 11425 11425 10570 10570 4793 3713 1080 164466 164466 6543 6543 25 25 29652 29652 163775 163775 REPAIRS & MAINTENANCE 242582 242582 BAD DEBT EXPENSE 87477 87477 MISCELLANEOUS ADMIN EXP 9922 9922 MISC TAXES, LICENSES, & 2526 2526 948706 861622 87084 0 49708 51074 51047 87659 26107 33281 2367693 1754203 643142 613490 431190 783105 1201194 1568609 11831 34473 5787 2695 15752 19146 33370 56314 X 1167824 1512295 1167824 1512295 1201194 1568609 344471 0 X 0 1 X 0 0 X 780952 847303 846447 793773 1286231 4554706 780952 847303 846447 793773 1286231 4554706 0 0 0 4554706 131 202 6073 8253 6946 21605 131 202 6073 8253 6946 21605 781083 847505 852520 802026 1293177 4576311 0.99530 0.99640 0.00470 0.00360 X 105147 105147 1697767 1223338 474429 564779 530865 33914 613490 TENANT SECURITY DEPOSITS 24759 ESCROW DEPOSITS 258603 REPAIR ESCROW 495820 UTILITY DEPOSITS 3923 783105 TENANT SECURITY DEPOSITS 19146 19146 X 1293177 0 1293177 0 1293177 948706 0 948706 0 948706 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, PHASE HOUSING MANAGEMENT, LLC, TO OPERATE THE APARTMENT COMPLEX AND TO VERIFY THAT THE TENANTS ARE IN COMPLIANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: COPY WAS PROVIDED FOR THE BOARD TO REVIEW LINE BY LINE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: HUD SETS THE SCALE FOR THE MANAGEMENT FEE AND MUST APPROVE ALL INCREASES. THE BOARD SELECTS THE CERTIFIED PROPERTY MANAGEMENT COMPANY WITH HUD'S APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: INFORMATION IS PRESENTED UPON REQUEST.