2026-04-01T14:11:19-07:00 2025-12-31 710623618 Welch Couch & Company PA 410 Barnett Dr Batesville AR 72501 990 2025-01-01 581736418 BRAD HOXIE AREA DEVELOPMENT INC BRAD 8708924547 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 AMY THOMAS Executive Dir. 2026-04-01 true MICHAEL GARRETT MCSPADDEN P01911525 8707935231 2025 2025-03-06 01:10:19Z 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 259114 false X N/A X 1987 AR THE PROJECT WAS FORMED TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 20 UNITS LOCATED IN HOXIE, ARKANSAS. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. 4 2 0 0 118188 158839 95078 85744 6921 7263 3718 7268 223905 259114 0 0 59574 62944 0 0 140567 174756 200141 237700 23764 21414 548771 551045 187308 168168 361463 382877 THE PROJECT WAS FORMED TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 20 UNITS LOCATED IN HOXIE, ARKANSAS. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. false false 187242 EXPENDITURES INCURRED IN CONNECION WITH PROJECT OPERATIONS AND EXPENDITURES MADE FOR CORPORATE PURPOSES ARE CONSIDERED TO BE PROGRAM SERVICES. 187242 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 9 0 true 0 false false false false false false false 0 false false false false false false false X 4 2 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 AMY THOMAS Executive Dir. 0.50 40.00 X X 0 73324 0 HASSEL PATTERSON Vice President 8.00 32.00 X X 0 55608 0 AMANDA TREVILLION Secretary 0.50 0.00 X X 0 0 0 FRED MARTIN President 0.50 0.00 X X 0 0 0 128932 0 false false false 0 158839 158839 RENT REVENUE 531110 85744 85744 85744 7263 7263 0 0 0 0 0 0 0 LAUNDRY 2076 2076 SPECIAL CLAIMS REVENUE 4281 4281 TENANT CHARGES 911 911 7268 259114 100275 0 0 0 0 10566 10566 0 52378 36368 16010 0 0 0 0 0 2936 2936 0 0 0 0 0 0 0 0 0 0 0 0 12230 12230 0 31113 31113 6792 6792 SUPPLIES AND OTHER 106212 100739 5473 PURCHASED SERVICES 15473 15473 0 237700 187242 50458 0 30782 45144 346187 309294 0 709 0 0 0 0 0 0 885186 688579 171093 196607 0 0 0 0 0 548771 551045 26475 41638 154254 119868 6579 6662 187308 168168 X 361463 382877 361463 382877 548771 551045 21414 X true X false true false X 137723 134902 79672 118188 158839 629324 0 0 137723 134902 79672 118188 158839 629324 0 629324 34 36 3851 6921 7263 18105 0 1980 65353 3476 1940 2987 75736 723165 433812 0.87020 0.87480 X 14000 14000 484354 452069 32285 303670 170588 133082 62205 46127 16078 20957 19795 1162 196607 6662 6662 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 BLACK RIVER AREA DEVELOPEMENT CORPORATION.HASSEL PATTERSON IS THE ACCOUNTANT/PROJECT MANAGER FOR ALL HUD PROJECTS ASSOCIATED WITH BLACK RIVER AREA DEVLOPEMENT CORPORATION. Form 990, Part VI, Section B, Line 11b THE INFORMATION ON FORM 990 IS PULLED FROM THE COMPILED REPORT. A COPY OF THE COMPILATION REPORT IS GIVEN TO THE BOARD OF DIRECTORS AND APPROVED BEFORE 990 IS FILED. Form 990, Part VI, Section B, Line 12c COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITERED ON A DAILY BASIS THROUGH VARIOUS INTERNAL PROCEDURES. Form 990, Part VI, Section B, Line 15a WAGE COMPENSATION STUDIES ARE PERFORMED TO DETERMINE PAY SCALE AND POSITION CHART RECOMENDATIONS. 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 RECOMENDATIONS. THESE RECOMMENDATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS ARE MADE AVALIABLE 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 CORNING ILC 30-0229364 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 BLACK ROCK AREA DEVLOPEMENT 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 DEVELOPEMENT71-0387337 1403 HOSPITAL DRIVE POCAHONTAS AR 72455 Aid and Assistance for local area 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 10566 CORNING ILC 30-0229364 o 2780 BRAD-LAWRENCE COUNTY 71-0586047 o 10566 BLACK ROCK AREA DEVLOPEMENT 58-1736417 o 5005 BRAD GROUP HOME 58-1736420 o 5561 PIGGOTT HOUSING DEVELOPMENT 71-0597729 o 10566 BLACK RIVER AREA DEVELOPEMENT71-0387337 m 15473