2026-08-05T10:11:46-05:00 2025-12-31 582487348 Aprio Advisory Group LLC 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2025-01-01 271073302 Waterford Dublin Development Inc WATE 7704319696 2730 Cumberland Boulevard Smyrna GA 30080 Renee Sandell Vice President 7704319696 2026-08-03 1 Stacy Cullen P00974308 4048929651 2026-08-03 2025 2025-03-06 01:10:19Z Mark Du Mas 2730 Cumberland Boulevard Smyrna GA 30080 800549 0 X n/a X 2009 GA To acquire, construct, own and operate a 56-unit rental housing facility for low-income residents known as Waterford Estates located in Dublin, Georgia. 3 3 0 3 0 0 0 0 604371 612323 33129 32564 0 155662 637500 800549 0 0 0 0 147120 169209 0 0 0 604960 688778 752080 857987 -114580 -57438 7128942 7001158 1470383 1400037 5658559 5601121 To acquire, construct, own and operate a 56-unit rental housing facility for low-income residents known as Waterford Estates located in Dublin, Georgia. 0 0 828646 767985 The organization owns and operates a 56-unit rental facility for self-sufficient low-income residents. 828646 1 0 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 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 GA X Mark Du Mas 7704319696 2730 Cumberland Boulevard Smyrna GA 30080 X Mark Du Mas President 1.00 X X 0 0 0 R Hunt Dunlap Seretary 1.00 X X 0 0 0 Julie Bowen Director 1.00 X 0 0 0 0 0 0 0 0 0 0 0 Rental Income 531110 589491 589491 Other Tenant Income 531110 22832 22832 612323 32564 32564 Property Tax Refund 531110 155662 155662 155662 800549 767985 0 32564 116945 116945 1632 1632 35519 35519 15113 15113 29341 29341 27230 27230 13808 13808 18727 18727 1548 1548 12412 12412 32807 32807 830 830 45660 45660 291546 291546 45422 45422 Administrative Expense 147126 147126 Operating and Maintenan 12062 12062 Other Expenses 7824 7824 Payroll Admin Fees 2435 2435 857987 828646 29341 0 565543 663187 11904 31780 15472 19986 9717445 4169563 5813123 5547882 26305 0 696595 738323 7128942 7001158 20528 16853 11257 18500 640042 640342 798556 724342 1470383 1400037 X 5658559 5601121 5658559 5601121 7128942 7001158 -57438 0 X 0 1 X 0 0 X 481069 521155 551321 604371 612323 2770239 481069 521155 551321 604371 612323 2770239 0 0 0 2770239 1623 3472 28704 33129 32564 99492 1623 3472 28704 33129 32564 99492 22350 22350 482692 524627 602375 637500 644887 2892081 0.95790 0.96690 0.03440 0.02490 X 478602 478602 9238843 4169563 5069280 5547882 Tax and Insurance Escrow 22513 Tenant Security Deposits 29287 Replacement Reserve 412623 Operating Reserve 121001 Compliance Reserve 134745 Due from Sponsor 18154 738323 Accrued Interest on Note Payable 535345 Tenant Security Deposits 29737 Accrued Development Fees 159260 724342 X 1038049 237500 237500 800549 0 800549 857987 0 857987 0 857987 Part X, Line 2: The Organization has been classified as a public charity and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and state taxes under the provisions of the Georgia nonprofit Organization code, and accordingly, no provision for income taxes has been provided. The Organization is no longer subject to income tax examinations for calendar years prior to 2022. Part XI, Line 2d - Other Adjustments: Annual Amortization of the Section 1602 Grant for book purposes 237,500. Form 990, Part I, Line 8, Grant Funding The organization Securred Arra section 1602 grant funding of $9,500,000 through the Georgia Housing and Finance Authority of which $6,851,980 was drawn in 2010 and the remaining balance of $2,648,020 was drawn in 2011 for the construction of Waterford estates which is a 56-unit rental apartment facility for low-income individuals and families in Dublin, Georgia. The construction of the facility was completed as of January 11, 2011. The organization is required by the section 1602 grant to remain compliant with the program guidelines for a period of fifteen years. Form 990, Part VI, Section A, line 8b The organization does not have committees with the authority to act on behalf of the board. Form 990, Part VI, Section B, line 11b The President reviews and approves the form 990 prior to its filing. Form 990, Part VI, Section B, line 12c Officers and Directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board. Form 990, Part VI, Section C, line 19 The documents are available upon request. Form 990, Part VI, Section B, Line 15: The Organization has no paid employees or Officers. Directors and Officers serve in a volunteer capacity and are not compensated for their services. Paces Foundation Inc 2730 Cumberland Boulevard Smyrna GA 30080 581949667 Affordable Housing GA 501(c)(3) PF No 0 Rosewood Cordele Development Inc 2730 Cumberland Boulevard Smyrna GA 30080 271073169 Affordable Housing GA 501(c)(3) Line 10 No 0 Galleria Manor Senior Development Inc 2730 Cumberland Boulevard Smyrna GA 30080 300606247 Affordable Housing GA 501(c)(3) Line 10 No 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 The Paces Foundation Inc P 141275 Actual Amount The Paces Foundation Inc K 18154 Actual Amount