2026-01-29T09:27:40-06:00 2025-09-30 630721243 BORLAND BENEFIELD PC 6759 LEE ROAD 54 AUBURN AL 36830 990 2024-10-01 570892097 CHEROKEE HOUSING CORPORATION CHER 2059331020 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 LARRY PAUL MADDOX PRESIDENT 2059331020 2026-01-29 1 1 MICHELLE M GRANBERRY P00210098 3347411050 2026-01-29 2024 2025-03-06 01:10:19Z CHEROKEE MANOR LARRY PAUL MADDOX 1103 RICHARD ARRINGTON JR BLVD S BIRMINGHAM AL 35205 515556 0 X WWW.SPM.NET X 1991 AL PROVIDE LOW COST HOUSING FOR THE ELDERLY AND DISABLED 8 8 0 8 0 0 316747 343184 150713 165531 533 500 4228 6341 472221 515556 0 0 0 0 104641 111967 0 0 0 407714 438564 512355 550531 -40134 -34975 919550 854895 1748154 1718474 -828604 -863579 PROVIDE LOW COST HOUSING FOR THE ELDERLY AND DISABLED 0 0 506796 171872 CHEROKEE HOUSING CORPORATION D/B/A CHEROKEE MANOR (PROJECT) IS A 50-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN CENTRE, ALABAMA. THE PROJECT WAS ORIGINALLY FINANCED AND CONSTRUCTED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AND WAS RESTRUCTURED UNDER THE 223(F) PROGRAM. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. RENT SUBSIDY PAYMENTS ARE SUBJECT TO AVAILABLITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD. 506796 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 X SPM PROPERTY MANAGEMENT LLC GINGER BULLINGTON 2056395134 1103 RICHARD ARRINGTON JR BLVD BIRMINGHAM AL 35205 X LARRY PAUL MADDOX PRESIDENT 2.00 X X 0 0 0 TRACY BISHOP VICE PRESIDENT 2.00 X X 0 0 0 LOWELL HAMILTON BOARD MEMBER 2.00 X 0 0 0 MELVYN SALTER BOARD MEMBER 2.00 X 0 0 0 IRIS TILLERY BOARD MEMBER 2.00 X 0 0 0 CHAD HOPPER BOARD MEMBER 2.00 X 0 0 0 PAULA PRUITT BOARD MEMBER 2.00 X 0 0 0 LANNY STARR BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 343184 343184 PROGRAM SERVICE - RENT 531390 165531 165531 165531 500 500 CABLE TV 531390 3745 3745 MISC. INCOME 531390 1131 1131 LAUNDRY/VENDING 531390 1026 1026 439 439 6341 515556 171872 0 500 92967 92967 11986 11986 7014 7014 30574 30574 11 11 13150 13150 9862 9862 773 773 37117 37117 75324 75324 2652 2652 75421 75421 88474 88474 12246 12246 REPAIRS & MAINTENANCE 92960 92960 550531 506796 43735 0 18448 3183 932 1136 18035 16908 2555217 1868698 774993 686519 107142 147149 919550 854895 62652 72411 1346 613 1670318 1632204 13838 13246 1748154 1718474 X -828604 -863579 -828604 -863579 919550 854895 -34975 0 X 0 1 X 0 1 1 X 311706 305476 332159 316747 343184 1609272 125513 128967 140136 150713 165531 710860 437219 434443 472295 467460 508715 2320132 0 0 0 2320132 73 67 352 533 500 1525 73 67 352 533 500 1525 11708 5023 4430 4228 6341 31730 449000 439533 477077 472221 515556 2353387 0.98590 0.98710 0.00060 0.00050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2020 AMOUNT: $ 1,304. 2021 AMOUNT: $ 1,427. 2022 AMOUNT: $ 1,023. 2023 AMOUNT: $ 494. 2024 AMOUNT: $ 1,026. MISC REVENUE - 2021 AMOUNT: $ 986. 2023 AMOUNT: $ 912. 2024 AMOUNT: $ 1,131. FORFEITED TENANT SECURITY DEPOSITS - 2020 AMOUNT: $ 404. 2024 AMOUNT: $ 111. CABLE TV INCOME - 2020 AMOUNT: $ 10,000. 2021 AMOUNT: $ 2,418. 2022 AMOUNT: $ 3,407. 2023 AMOUNT: $ 2,822. 2024 AMOUNT: $ 3,745. ELECTRICITY REIMB INCOME - INSUANCE CLAIM OR LOSS - DAMAGE/CLEANING FEE INCOME - 2021 AMOUNT: $ 192. 2024 AMOUNT: $ 328. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29781 29781 2466293 1809555 656738 25667 25667 0 33476 33476 0 686519 TENANT SECURITY DEPOSITS 13246 INSURANCE ESCROW 33291 MIP ESCROW 3258 RESTRICTED DEPOSITS 95485 RIGHT OF USE ASSET 300 CASH CLEARING ACCOUNT 1569 147149 TENANT SECURITY DEPOSITS 13246 13246 X 515556 0 515556 0 515556 550531 0 550531 0 550531 PART X, LINE 2: THE PROJECT IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; HOWEVER, THE PROJECT IS SUBJECT TO INCOME TAX FOR CERTAIN UNRELATED BUSINESS ACTIVITIES, WHICH GENERATE TAXABLE INCOME. THERE WAS NO SUCH UNRELATED TRADE OR BUSINESS INCOME OR TAXES PAID FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND 2024. THE PROJECT FILES A TAX RETURN IN THE UNITED STATES (U.S.) FEDERAL JURISDICTION. THE BOARD OF DIRECTORS EVALUATED THE PROJECT'S TAX POSITION AND CONCLUDED THAT THE PROJECT HAS NOT ENTERED INTO ANY EVENTS OR TRANSACTIONS THAT WOULD DISQUALIFY ITS TAX EXEMPT STATUS OR HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT WOULD CAUSE THE PROJECT TO INCUR INCOME TAXES OR PENALTIES AT THE ENTITY LEVEL. WITH FEW EXCEPTIONS, THE PROJECT IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE SEPTEMBER 30, 2022. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES HAVE BEEN DELEGATED TO SPM PROPERTY MANAGMENT, LLC FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BODY OF THE ORGANIZATION, PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). SPM PROPERTY MANAGEMENT 1103 RICHARD ARRINGTON JR BLVD SOUT BIRMINGHAM AL 35205 PROPERTY MANAGEMENT AL S 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0