2026-01-30T09:18:20-06:00 2025-06-30 560571159 BERNARD ROBINSON & COMPANY LLP 1501 HIGHWOODS BLVD SUITE 300 GREENSBORO NC 27410 990 2024-07-01 561414532 FRANKLIN-VANCE-WARREN HOUSING OF FRANKLIN COUNTY INC FRAN 2524920161 180 S BECKFORD DRIVE HENDERSON NC 27536 ABDUL SM RASHEED CHIEF EXECUTIVE OFFICER 2524920161 2026-01-26 1 0 CASEY H PATTERSON P01281279 3362944494 2026-01-24 2024 2025-03-06 01:10:19Z ABDUL SM RASHEED 180 S BECKFORD DRIVE HENDERSON NC 27536 720898 0 X N/A X 1986 NC TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 16 16 0 16 0 0 365523 467635 234649 252695 185 -5324 0 365 600357 715371 0 0 0 0 0 0 0 0 0 674340 645318 674340 645318 -73983 70053 1009439 1164251 2037813 2122572 -1028374 -958321 TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 0 0 613622 253060 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. 613622 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 1 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X MULTIFAMILY SELECT INC 7048825415 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X DR TONY COZART CHAIRPERSON 4.00 X X 0 0 0 TARE DAVIS 1ST VICE CHAIR 4.00 X X 0 0 0 DR RICHARD HENDERSON TREASURER 4.00 X X 0 0 0 VICTOR HUNT 2ND VICE CHAIR 4.00 X X 0 0 0 AL COOPER BOARD MEMBER 2.00 X 0 0 0 REV JAMES O VANDERGRIFT CHAPLAIN 2.00 X 0 0 0 JOSEPH FOGG BOARD MEMBER 2.00 X 0 0 0 SUE HINMAN BOARD MEMBER 2.00 X 0 0 0 JAMES R JONES BOARD MEMBER 2.00 X 0 0 0 JAMES SPEED BOARD MEMBER 2.00 X 0 0 0 MINNIE VAUGHAN PARLIAMENTARIAN 2.00 X 0 0 0 LEO KELLEY BOARD MEMBER 2.00 X 0 0 0 ALFRED RICHARDSON BOARD MEMBER 2.00 X 0 0 0 SEAN ALSTON BOARD MEMBER 2.00 X 0 0 0 LANISHA HINTON BOARD MEMBER 2.00 X 0 0 0 CAROLYN FAINES BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 467635 467635 RENTAL REVENUE 531110 248586 248586 LAUNDRY AND VENDING 531110 2782 2782 TENANT CHARGES 531110 1327 1327 252695 203 203 5527 -5527 -5527 -5527 MISCELLANEOUS REVENUE 531110 365 365 365 715371 253060 0 -5324 X 42627 42627 27798 27798 21350 21350 44022 44022 101815 101815 88649 88649 73975 73975 CONTRACTS 77079 77079 MANAGER SALARY REIMBURS 51499 51499 OFFICE SALARIES 23430 23430 PAYROLL REIMBURSEMENT 22460 22460 70614 66716 3898 645318 613622 31696 0 8950 3516 5788 125352 32764 101783 3148346 2601981 568997 546365 392940 387235 1009439 1164251 17834 48937 3885 2707 1900768 1827997 115326 242931 2037813 2122572 X -1028374 -958321 -1028374 -958321 1009439 1164251 70053 0 X 0 1 X 1 1 1 X 387552 400981 373386 365523 467635 1995077 185112 180525 206989 234649 253060 1060335 572664 581506 580375 600172 720695 3055412 0 0 0 3055412 132 116 137 185 203 773 132 116 137 185 203 773 572796 581622 580512 600357 720898 3056185 0.99970 0.99970 0.00030 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88915 88915 2730114 2325080 405034 226697 185008 41689 102620 91893 10727 546365 MORTGAGE ESCROW DEPOSITS 57573 REPLACEMENT RESERVE ESCROW 219464 RESIDUAL RECEIPTS ACCOUNTS 34557 SECTION 8 CONTRACT SAVINGS 52499 TENANT SECURITY DEPOSITS 23142 387235 ADVANCE DUE TO RELATED PARTY 117074 TENANT SECURITY DEPOSIT 20203 ADVANCES, AFFILIATE OF MANAGING AGENT 105654 242931 X 720898 0 720898 -5527 -5527 715371 650845 5527 5527 645318 0 645318 PART X, LINE 2: 'IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2025. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -5,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 5,527. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE APARTMENT COMPLEX IS REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. MULTIFAMILY SELECT WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AND THEREFORE NO MEETINGS TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR OF FRANKLIN-VANCE-WARREN OPPORTUNITY, INC. REVIEWS THE FORM 990 WITH THE AUDITED FINANCIAL STATEMENTS BEFORE FILING. THE FULL BOARD WILL RECEIVE A COPY TO REVIEW AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL INVOLVED ARE REQUIRED, BY POLICY, TO ACKNOWLEDGE ANY CONFLICTS. IF THERE ARE APPEARANCES OF A CONFLICT OF INTEREST, INDIVIDUALS WHO MAY BENEFIT, SHALL ABSTAIN FROM PARTICIPATING. THE ORGANIZATION CONSISTENTLY MONITORS CONTRACTS AND PAY REQUESTS TO ENSURE COMPLIANCE WITH POLICY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE HELD IN THE CUSTODY OF THE ORGANIZATION. REQUESTS FOR ANY PUBLIC INFORMATION ARE HONORED WHEN RECEIVED IN WRITING. FORM 990, PART IX, LINE 24E SECURITY PAYROLL REIMBURSEMENT: PROGRAM SERVICE EXPENSES 13,849. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,849. SUPPLIES: PROGRAM SERVICE EXPENSES 12,679. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,679. MANAGEMENT CONSULTANT: PROGRAM SERVICE EXPENSES 9,429. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,429. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 8,605. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,605. MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 8,376. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,376. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 6,540. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,540. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 5,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,290. MISCELLANEOUS ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,898. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,898. BAD DEBTS: PROGRAM SERVICE EXPENSES 1,371. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,371. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 577. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 577. FRANKLIN-VANCE-WARREN OPPORTUNITY 180 S BECKFORD DRIVE HENDERSON NC 27536 560861261 ADVANCE GENERAL WELFARE NC 501C3 LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRANKLIN-VANCE-WARREN OPPORTUNITY INC E 51128 FMV