2026-07-22T11:42:37-00:00 2025-12-31 453030437 CHARLES E NWANERI PC 9800 N Lamar Blvd Ste 341 Austin TX 78753 990EZ 2025-01-01 742744850 RITES OF PASSAGE DEVELOPMENT INC RITE 5124546170 6510 BERKMAN DRIVE AUSTIN TX 787231939 STERLING LANDS II President 5124546170 2026-07-22 true Charles E Nwaneri P00432779 5129738825 2026-07-22 X 2025 2025-03-06 01:10:19Z X N/A X X 159517 X 159517 159517 47173 73842 89781 210796 -51279 159649 -17342 91028 X 88740 39005 61010 61010 18606 168356 100015 8707 8987 159649 91028 RPD provided and managed quality, affordable multifamily housing in Travis County, Austin Texas, fostering stable housing opportunities that help build stronger families and vibrant communities. In furtherance of its charitable mission, RPD reserved 15 apartment homes through its on-site Affordable Housing Disposition Program for qualifying households earning at or below 50 and 80 of the Area Median Income AMI. The remaining market-rate apartment homes were offered at rental rates approximately 20 below prevailing market rents, expanding access to quality, affordable housing for a broader segment of the community. Through these efforts, RPD promotes housing stability, strengthens families, and helps build thriving communities. RPD offers affordable housing in Travis County, TX, reserving 15 homes for households at 50-80 AMI and pricing the rest 20 below market rates to build stable families and vibrant communities. 210796 210796 STERLING LANDS II PRESIDENT/CEO 000.50 0 MARY L THOMAS SECRETARY 000.50 0 JAMES HUTCHINGS MEMBER 000.50 0 NIKKI SIMMS MEMBER 000.50 0 MICHAEL WHITE MEMBER 000.50 0 TERRY SMITH MEMBER 000.50 0 THRESA COWAN MEMBER 000.50 0 CHARLES HENRY MEMBER 000.50 0 SUNNY UZUH MEMBER 000.50 0 TROY OFFICER MEMBER 000.50 0 false false false false false false 0 0 0 false KIAMESHA LANDS 6510 Berkman Drive Austin TX 78723 5124546170 false false false false false false false false false NONE NONE true X 704568 311682 211708 166572 159517 1554047 704568 311682 211708 166572 159517 1554047 1554047 1554047 499400 100000 25000 624400 205168 206122 184402 166572 159517 921781 704568 306122 209402 166572 159517 1546181 1546181 0 0 0 0 704568 306122 209402 166572 159517 1546181 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 8, Other Revenue Rental income related to Exempt Purpose 159,517 Form 990-EZ, Part I, Line 16, Other Expenses Administrative expenses 40,384 Form 990-EZ, Part I, Line 16, Other Expenses Taxes and insurance 34,643 Form 990-EZ, Part I, Line 16, Other Expenses Waste Management/Pest control 9,389 Form 990-EZ, Part I, Line 16, Other Expenses Capital improvement 5,365 Form 990-EZ, Part I, Line 20, Net Assets Unrestricted Net Assets -17,342 Form 990-EZ, Part II, Line 24, Other Assets Accounts Receivable Beginning of year 17,411, End of year 0 Form 990-EZ, Part II, Line 24, Other Assets Undeposited Funds Beginning of year 1,195, End of year 0 Form 990-EZ, Part II, Line 26, Liabilities Accounts Payable Beginning of year 70, End of year 0 Form 990-EZ, Part II, Line 26, Liabilities Security Deposit Beginning of year 8,637, End of year 8,987