2025-08-05T12:22:58-05:00 2024-12-31 582487348 Aprio Advisory Group LLC 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2024-01-01 300606247 Galleria Manor Senior Development Inc GALL 7704319696 2730 Cumberland Boulevard SE Smyrna GA 30080 Renee Sandell Chief Operating Officer 7704319696 2025-08-05 1 1 Stacy Cullen P00974308 4048929651 2025-08-05 2024 2025-03-06 01:10:19Z Mark Du Mas 2730 Cumberland Boulevard SE Smyrna GA 30080 1042816 0 X n/a X 2010 GA To acquire, construct, own and operate an 88-unit rental housing facility for low-income elderly residents known as Galleria Manor located in Smyrna Georgia. 3 3 0 3 0 0 0 0 853508 982411 58497 60405 37256 0 949261 1042816 0 0 0 0 124876 144426 0 0 0 867135 867159 992011 1011585 -42750 31231 10703375 10623942 2760345 2649681 7943030 7974261 To acquire, construct, own and operate an 88-unit rental housing facility for low-income elderly residents known as Galleria Manor located in Smyrna Georgia. 0 0 958542 982411 The organization owns and operates an 88-unit rental apartment facility for self-sufficient low-income elderly residents. The organization sponsors the development and operation of affordable housing for low-income individuals to meet the housing needs of low-income residents. 958542 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 GA X Mark Du Mas 7704319696 2730 Cumberland Boulevard SE Smyrna GA 30080 X Mark Du Mas President 1.00 X X 0 0 0 R Hunt Dunlap Seretary 1.00 X X 0 0 0 Julie Bowen Director 1.00 X 0 0 0 0 0 0 0 0 0 0 0 Rental Income 531110 977529 977529 Other Tenant Income 531110 4882 4882 982411 60405 60405 1042816 982411 0 60405 122311 122311 7901 7901 14214 14214 53043 53043 15170 15170 836 836 10335 10335 4104 4104 50153 50153 112163 112163 329690 329690 99040 99040 Operating and Maintenan 149439 149439 Administrative Expense 38029 38029 Compliance Expense 5157 5157 1011585 958542 53043 0 169167 360319 41577 12367 18836 23607 12931844 4465303 8765491 8466541 81168 50429 1627136 1710679 10703375 10623942 47930 39618 9229 9237 2650611 2547748 52575 53078 2760345 2649681 X 7943030 7974261 7943030 7974261 10703375 10623942 31231 0 X X 0 1 X 0 0 X 918257 929103 941079 853508 982411 4624358 918257 929103 941079 853508 982411 4624358 0 0 0 4624358 1757 737 11200 58497 60405 132596 1757 737 11200 58497 60405 132596 37256 37256 920014 929840 952279 949261 1042816 4794210 0.96460 0.97450 0.02770 0.01750 X 1825290 1825290 11106554 4465303 6641251 8466541 Replacement Reserve 296682 Tax and Insurance Escrow 21927 Compliance Reserve 1007320 Operating Reserve 364579 Tenant Security Deposits 20171 1710679 Tenant Security Deposits 20171 Due to Affiliate 32907 53078 X 1339013 296197 296197 1042816 0 1042816 1038782 27197 27197 1011585 0 1011585 Part X, Line 2: The Organization has been classified as a public charity and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and state taxes under the provisions of the Georgia not-for-profit corporation code, and accordingly, no provision for income taxes has been provided. The Organization is no longer subject to income tax examinations for calendar years prior to 2021. Part XI, Line 2d - Other Adjustments: Annual Amortization of the Section 1602 Grant for book purposes. 269,000. Utility Revenue netted with Utility Expense 26,747. Operating Revenue netted with Operating Expense 450. Part XII, Line 2d - Other Adjustments: Utility Revenue netted with Utility Expense 26,747. Operating Revenue netted with Operating Expense 450. Form 990, Part I, Line 8, Grant Funding The organization secured ARRA section 1602 grant funding of $10,760,000 through the Georgia Housing and Finance Authority of which $6,256,916 was drawn in 2010 and the balance of $4,503,084 was drawn in 2011 for the construction of Galleria Manor which is an 88-unit rental apartment facility for low-income seniors in Smyrna, Georgia. The construction of the facility was completed as of august 15, 2011. The organization is required by the section 1602 grant to remain compliant with the program guidelines for a period of fifteen years. Form 990, Part VI, Section A, line 8b The organization does not have committees with the authority to act on behalf of the board. Form 990, Part VI, Section B, line 11b The President reviews and approves the form 990 prior to its filing. Form 990, Part VI, Section B, line 12c Officers and Directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board. Form 990, Part VI, Section B, line 15 The organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their services. Form 990, Part VI, Section C, line 19 The documents are available upon request. Form 990, Part XII, Line 2D, Other Revenue There are no uncertain tax positions under FIN 48 (ASC 740-10) disclosed in the audited financial statements and footnotes. Paces Foundation Inc 2730 Cumberland Boulevard Smyrna GA 30080 581949667 Affordable Housing GA 501(c)(3) PF No 0 Rosewood Cordele Development Inc 2730 Cumberland Boulevard Smyrna GA 30080 271073169 Affordable Housing GA 501(c)(3) Line 10 No 0 Waterford Dublin Development Inc 2730 Cumberland Boulevard Smyrna GA 30080 271073302 Affordable Housing GA 501(c)(3) Line 10 No 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0