2026-01-31T09:32:14-06:00 2025-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2024-07-01 510595292 GENESIS II APARTMENTS INC GENE 8038083966 1403 JARET COURT WEST COLUMBIA SC 29169 LINDA NEAL EXECUTIVE DIRECTOR/ACTING PRESIDENT 8038083966 2026-01-31 1 0 IRISH THURSTON P01662190 3362944494 2026-01-27 2024 2025-03-06 01:10:19Z LINDA NEAL 1403 JARET COURT WEST COLUMBIA SC 29169 112387 0 X N/A X 2006 SC GENESIS II APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 15 UNIT PROPERTY KNOWN AS GENESIS II APARTMENTS LOCATED IN MULLINS, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. 7 7 0 7 0 0 58353 63230 47276 49101 52 56 0 0 105681 112387 0 0 0 0 0 0 0 0 0 125397 139632 125397 139632 -19716 -27245 1014361 983261 1477029 1473174 -462668 -489913 X GENESIS II APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 15 UNIT PROPERTY KNOWN AS GENESIS II APARTMENTS LOCATED IN MULLINS, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. 0 0 128372 49101 GENESIS II APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 15 UNIT PROPERTY KNOWN AS GENESIS II APARTMENTS LOCATED IN MULLINS, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. 128372 1 1 0 0 0 0 0 0 0 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 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SOUTHERN DEVELOPMENT MANAGEMENT COMPANY INC 8038083966 1403 JARET COURT WEST COLUMBIA SC 29169 X LINDA NEAL EXECUTIVE DIRECTOR 2.00 X X 0 0 0 LINDA SCOTT SECRETARY 2.00 X X 0 0 0 JEAN BRUNSON TREASURER 2.00 X X 0 0 0 CONNIE BLACK DIRECTOR 2.00 X 0 0 0 VICTORIA GLASSCHO DIRECTOR 2.00 X 0 0 0 LINDA GODFREY DIRECTOR 2.00 X 0 0 0 WALLACE PEE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 63230 63230 TENANT RENTAL PAYMENTS 531110 48621 48621 MISCELLANEOUS REVENUE 531110 455 455 TENANT CHARGES 531110 25 25 49101 56 56 112387 49101 0 56 10719 10719 218 218 11200 11200 4716 4716 5908 5908 38423 38423 18045 18045 MANAGEMENT SALARIES REI 18440 18440 PAYROLL REIMBURSEMENT 11277 11277 SUPPLIES 9163 9163 HEATING/COOLING REPAIRS 3497 3497 8026 7966 60 139632 128372 11260 0 14157 11622 763 0 3139 3642 1490838 663090 866171 827748 124317 134261 5814 5988 1014361 983261 15624 11269 67 393 1456900 1456900 4438 4612 1477029 1473174 X -462668 -489913 -462668 -489913 1014361 983261 -27245 0 X X 0 1 X 1 1 1 X 51357 54585 49811 58353 63230 277336 41312 42075 42279 47276 49101 222043 92669 96660 92090 105629 112331 499379 0 0 0 499379 34 42 16 52 56 200 34 42 16 52 56 200 4226 4226 96929 96702 92106 105681 112387 503805 0.99120 0.99090 0.00040 0.00040 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28000 28000 1386337 592002 794335 76501 71088 5413 827748 ESCROW DEPOSITS 17620 C RESERVE FOR REPLACEMENTS 116641 C 134261 TENANT SECURITY DEPOSITS 4612 4612 X 112387 0 112387 0 112387 139632 0 139632 0 139632 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE FINAL APPROVED RETURN IS PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.