2025-03-19T17:07:30-05:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 561336437 VANCE COUNTY ELDERLY HOUSING CORPORATION T/A HERITAGE HOMES VANC 2524929091 351 KEENE STREET HENDERSON NC 27536 BEATRICE M WALKER PRESIDENT 2524929091 2025-02-11 1 1 REBECCA FISHER P01690017 7044993893 2023 2025-03-06 01:10:19Z BEATRICE M WALKER 351 KEENE STREET HENDERSON NC 27536 475440 0 X N/A X 1982 NC TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD 5 5 0 0 0 0 329714 327814 127843 147176 188 450 0 0 457745 475440 0 0 0 0 89551 94336 0 0 0 336431 338052 425982 432388 31763 43052 770089 752018 1449734 1388611 -679645 -636593 TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD 0 0 318990 147176 TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD 318990 0 1 0 0 0 0 0 1 0 1 0 1 0 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 1 5 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NC X RESIDENTIAL PROPERTIES MANAGEMENT 9108147338 PO BOX 1268 GARNER NC 27529 X BEATRICE M WALKER PRESIDENT 1.00 X X 0 0 0 ILEAN H MATTOCKS VICE PRESIDENT 1.00 X X 0 0 0 ERNESTINE GRANISON BOARD MEMBER 1.00 X 0 0 0 ARTELIA E TRICE BOARD MEMBER 1.00 X 0 0 0 WILLIAM EVANS BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 327814 327814 GROSS RENTAL INCOME 531110 144574 144574 OTHER REVENUE 531110 2602 2602 147176 450 450 475440 147176 0 450 X 76899 31053 45846 9129 9129 8308 8308 31499 31499 8100 8100 85157 85157 493 493 14356 14356 25119 22987 2132 5683 5683 53124 53124 53877 53877 38569 38569 SUPPLIES AND MATERIALS 12112 12112 MISCELLANEOUS EXPENSES 5289 5289 REPAIRS AND MAINTENANCE 4674 4674 432388 318990 113398 0 30761 5864 22 633 12686 8391 2235544 2004354 270789 231190 394125 447676 61706 58264 770089 752018 78971 17874 12929 12905 1357787 1357787 47 45 1449734 1388611 X -679645 -636593 -679645 -636593 770089 752018 43052 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 77630 77630 1708247 1581195 127052 354381 354381 0 95286 68778 26508 231190 REPLACEMENT RESERVE 374648 C ESCROW DEPOSITS 32444 C RESIDUAL RECEIPTS 27643 C TENANT SECURITY DEPOSITS 12941 C 447676 PREPAID RENT REVENUE 45 45 X 475440 0 475440 0 475440 432388 0 432388 0 432388 PART IV, LINE 1B: TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) 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 THE POSITION WILL BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE THE ORGANIZATION TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S TAX YEARS ENDED JUNE 30, 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 CORPORATION HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC. TO MANAGE ALL DAY TO DAY ACTIVITIES OF THE APARTMENT COMPLEX FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW, APPROVAL, AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACTS: PROGRAM SERVICE EXPENSES 43,570. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,570. SECURITY: PROGRAM SERVICE EXPENSES 6,060. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,060. SERVICE COORDINATOR EXPENSES: PROGRAM SERVICE EXPENSES 35,527. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,527.