2025-04-11T13:42:08-07:00 2024-12-31 710623618 Welch Couch & Company PA 410 Barnett Dr Batesville AR 72501 990 2024-01-01 300229364 CORNING INDEPENDENT LIVING CENTER INC CORN 8708924547 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 AMY THOMAS Executive Dir. 2025-04-11 true true MICHAEL GARRETT MCSPADDEN P01911525 8707935231 2024 2025-03-06 01:10:19Z 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 47713 false X N/A X 2003 AR THE PROJECT WAS FORMED TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 6 UNITS LOCATED IN CORNING, ARKANSAS. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVLOPMENT AS TO RENT CHARGES AND OPERATING METHODS. 7 5 0 0 28198 27031 18782 19949 85 89 595 644 47660 47713 0 0 5742 6027 0 0 46430 44947 52172 50974 -4512 -3261 281601 269496 29577 20733 252024 248763 THE PROJECT WAS FORMED TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 6 UNITS LOCATED IN CORNING, ARKANSAS. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVLOPMENT AS TO RENT CHARGES AND OPERATING METHODS. false false 37087 EXPENDITURES INCURRED IN CONNECTION WITH PROJECT OPERATIONS AND EXPENDITURES MADE FOR CORPORATE PURPOSES ARE CONSIDERED TO BE PROGRAM EXPENSES. 37087 true false false false false false false false false false true false false false true 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 true false false false true 2 0 false 0 false false false false false false false 0 false false false false false false false X 7 5 true false false false false false false true false false false false true true true true true true true false X HASSEL PATTERSON 8708924547 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 RHONDA AHRENT FORMER EXEC. 0.50 40.00 X X 0 109886 0 HASSEL PATTERSON Vice President 4.00 36.00 X X 0 54994 0 DONI MARTIN Chairman 0.50 0.00 X X 0 0 0 DAVID TAYLOR VICE CHAIRMAN 0.50 0.00 X X 0 0 0 JANET LUTER Secretary/Treas 0.50 0.00 X X 0 0 0 FRED MARTIN MEMBER 0.50 0.00 X 0 0 0 PAIGE CATT MEMBER 0.50 0.00 X 0 0 0 AMY THOMAS Executive Dir. 0.50 0.00 X X 0 0 0 164880 0 false false false 0 27031 27031 RENT REVENUE 531110 19949 19949 19949 89 89 0 0 0 0 0 0 0 LAUNDRY 644 644 644 47713 20682 0 0 0 0 2750 2750 0 3277 3277 0 0 0 0 0 2646 2646 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14104 14104 7605 7605 SUPPLIES 16395 15378 1017 PURCHASED SERVICES 4197 4197 0 50974 37087 13887 0 26322 16221 25633 27009 0 1375 0 0 0 0 0 0 419466 193560 227911 225906 0 0 0 0 360 360 281601 269496 28517 19671 1060 1062 29577 20733 X 252024 248763 252024 248763 281601 269496 -3261 X true X false true false X 23576 25641 31068 28198 27031 135514 0 0 23576 25641 31068 28198 27031 135514 0 135514 117 67 55 85 89 413 0 754 449 667 595 644 3109 139036 67369 0.97470 0.97280 X 361505 168657 192848 15316 1148 14168 13312 13312 29333 10443 18890 225906 1062 1062 X Part X : FIN48 Footnote The Project is exempt from federal income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Project is subject to federal income tax on any unrelated business taxable income. Management regularly reviews its tax positions and has determined that there are no material uncertain tax positions that require recognition in the financial statements. The Project is required to file, as a tax exempt organization; an IRS Form 990 which will be open for review by relevant taxing authorities for a period of three years from the later of the date the returns were files or the returns were due (including approved extensions). Form 990, Part VI, Section A, Line 2 AMY THOMAS IS THE EXECUTIVE DIRECTOR OF CORNING INDEPENDENT LIVING CENTER, INCORPORATED. HASSEL PATTERSON IS THE ACCOUNTANT/PROJECT MANAGER FOR THE HUD PROJECT MANAGED BY THE CORNING INDEPENDENT LIVING CENTER, INCORPORATED. Form 990, Part VI, Section B, Line 11b THE 990 IS PULLED FROM THE INDEPENDENTLY COMPILED REPORT. A COPY OF THE REPORT IS GIVEN TO THE BOARD OF DIRECTORS AND APPROVED BEFORE FORM 990 IS FILED. Form 990, Part VI, Section B, Line 12c COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED ON A DAILY BASIS THROUGH VARIOUS INTERNAL PROCEDURES. THE SOUTHWEST HOUSING COMPLIANCE CORPORATION REVIEWS DAILY OPERATIONS. Form 990, Part VI, Section B, Line 15a WAGE COMPENSATION STUDIES ARE PERFORMED TO DETERMINE PAY SCALE AND POSITION CHART RECOMMENDATIONS. THESE RECOMMENDATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. Form 990, Part VI, Section B, Line 15b WAGE COMPENSATION STUDIES ARE PERFORMED TO DETERMINE PAY SCALE AND POSITION CHART RECOMMENDATIONS. THESE RECOMMENDATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. BRAD-CLAY COUNTY 71-0586053 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING AR 501 (C) (3) 7 NA false BRAD-LAWRENCE COUNTY 71-0586047 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING AR 501 (C) (3) 7 NA false BRAD HOXIE AREA DEVELOPMENT 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING AR 501 (C) (3) 7 NA false BLACK ROCK AREA DEVELOPMENT 58-1736417 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING AR 501 (C) (3) 7 NA false BRAD-GROUP HOME 58-1736420 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING AR 501 (C) (3) 7 NA false PIGGOTT HOUSING DEVELOPMENT 71-0597729 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING AR 501 (C) (3) 7 NA false BLACK RIVER AREA DEVLOPMENT 71-0387337 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 LOW INCOME HOUSING PROJECT AR 501(C)(3) 7 NA false false false false false false false false false false false false false true false true false false false false BRAD-CLAY COUNTY 71-0586053 o 10449 BRAD-LAWRENCE COUNTY 71-0586047 o 10449 BRAD HOXIE AREA DEVELOPMENT o 10449 BLACK ROCK AREA DEVELOPMENT 58-1736417 o 4949 BRAD-GROUP HOME 58-1736420 o 5499 PIGGOTT HOUSING DEVELOPMENT 71-0597729 o 10449 BLACK RIVER AREA DEVLOPMENT 71-0387337 m 7112