2024-01-16T11:02:17-06:00 2023-06-30 631134001 THE KBA GROUP PC 720 EXECUTIVE PARK DRIVE MOBILE AL 36606 990 2022-07-01 640894048 WEBB PARK INC WEBB 2287600239 431 KATHERINE DRIVE FLOWOOD MS 39232 GREGORY K CRAPO SECRETARY OF HOUSING 2287600239 2024-01-16 1 GREGORY CRAPO 999009999 0 WILLIAM ISHEE P01260113 2514760314 2024-01-16 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY K CRAPO 423 HOWARD AVENUE BILOXI MS 39530 177290 0 X N/A X 1997 MS TO PROVIDE HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 5 5 0 0 0 0 0 0 162640 157748 8 4742 0 0 162648 162490 0 0 0 0 17857 21783 0 0 0 263560 218944 281417 240727 -118769 -78237 1083931 1135981 36966 150292 1046965 985689 TO PROVIDE HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 0 0 240727 162490 THE ORGANIZATION OWNS AN 18-UNIT APARTMENT BUILDING, WHICH SERVES AS A RENTAL HOUSING PROJECT FOR LOW-INCOME, PHYSICALLY HANDICAPPED PERSONS, WHO QUALIFY UNDER SECTION 811 OF THE AFFORDABLE HOUSING ACT. N/A N/A 240727 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MS X SUNSTATES MANAGEMENT COMPANY 2284351642 423 HOWARD AVENUE BILOXI MS 39530 X TONY NETTLES PRESIDENT 0.00 0.00 X X 0 0 0 CHARLOTTE J DICKSON VICE-PRESIDENT 0.00 0.00 X X 0 0 0 CINDY BAMBURG VICE-PRES & SEC 0.00 0.00 X X 0 0 0 MIKE DOWD VICE-PRES & TREAS 0.00 0.00 X X 0 0 0 GREGORY K CRAPO SECRETARY OF HOUSING 0.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 PROGRAM SERVICE REVENU 157748 157748 157748 4 4 19538 14800 4738 4738 4738 162490 162486 0 4 20170 20170 1613 1613 17661 17661 4945 4945 15396 15396 1099 1099 90592 90592 219 219 23 23 72008 72008 14949 14949 BAD DEBT EXPENSE 1681 1681 TENANT RELATIONS 268 268 TENANT SCREENING 100 100 HUD PAYBACK RECEIPTS 3 3 240727 240727 0 0 3844 733 76072 11810 14570 2123566 1149409 1029204 974157 39073 70449 1083931 1135981 21749 117997 1386 359 13831 31936 36966 150292 X 1046965 985689 1046965 985689 1083931 1135981 X -78237 16961 X 0 0 0 X 157750 165523 167132 490405 157750 165523 167132 490405 0 0 0 490405 4 5 7 16 4 5 7 16 157754 165528 167139 490421 1.00000 0.00000 X 90000 90000 2033566 1149409 884157 974157 ESCROW - REPLACEMENT RESERVE 25504 ESCROW - SECURITY DEPOSITS 3977 CASH-RESIDUAL RECEIPTS 15229 CASH-INSURANCE REPAIR ESCROW 25739 70449 EXCESS RESIDUAL RECEIPTS 10480 TENANT SECURITY DEPOSITS 3973 ACCRUED INSURANCE LIABILITY 17483 31936 162490 0 162490 0 162490 223766 0 223766 16961 16961 240727 PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION DIFFERENCES 16,961. FORM 990, PART VI THE POLICY REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE POLICY AND DISCLOSURE FORM ARE DISTRIBUTED AND COLLECTED ANNUALLY, AND INDIVIDUALS ARE REQUIRED TO UPDATE THE DISCLOSURE FORM THROUGHOUT THE YEAR IN THE EVENT POTENTIAL CONFLICTS ARISE. POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS NO EMPLOYEES, AND HAS DELEGATED CONTROL OVER CERTAINPROPERTY MANAGEMENT DUTIES TO A THIRD PARTY MANAGEMENT AGENT PURSUANT TO APROPERTY MANAGEMENT AGREEMENT. LION SIGHT FOUNDATION OF MISSISSIPPI, INC.,AS THE PARENT AND SPONSORING CORPORATION, ASSISTS IN PROVIDING TO ITSSUBORDINATE CORPORATION'S GENERAL AND ADMINISTRATIVE SUPERVISION, FINANCIALMANAGEMENT, QUALITY ASSURANCE, REGULATORY COMPLIANCE, REAL ESTATEDEVELOPMENT AND STRATEGIC PLANNING. FORM 990, PART VI, SECTION A, LINE 7A LION SIGHT FOUNDATION OF MISSISSIPPI, INC. HAS THE RIGHT TO APPOINT OR APPROVE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE CORPORATION MAY NOT BE AMENDED WITHOUT THE PRIOR WRITTEN APPROVAL OF LION SIGHT FOUNDATION OF MISSISSIPPI, INC. AND THE SECRETARY OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE AT THE REQUEST OF THE US DEPRATMENT OF HOUSING AND URBAN DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS SENT TO THE PRESIDENT AND THE BOARD MEMBERS. THE FORM 990 IS REVIEWEED AND ANY QUESTIONS THAT ARISE FROM THE REVIEW ARE ANSWERED/CLEARED PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSEANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE POLICY ANDDISCLOSURE FORM ARE DISTRIBUTED AND COLLECTED ANNUALLY, AND INDIVIDUALS AREREQUIRED TO UPDATE THE DISCLOSURE FORM THROUGHOUT THE YEAR IN THE EVENTPOTENTIAL CONFLICTS ARISE. POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BYTHE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. ELECTION OF MEMBERS AND THEIR RIGHTS ELECTION OF THE MEMBERS AND THEIR RIGHTS. LION SIGHT FOUNDATION HAS THE RIGHT TO APPOINT OR APPROVE DIRECTORS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE CORPORATION MAY NOT BE AMENDED WITHOUT THE PRIOR WRITTEN APPROVAL OF LION SIGHT FOUNDATION OF MISSISSIPPI, INC. AND THE SECRETARY OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE AT THE REQUEST OF THE US DEPRATMENT OF HOUSING AND URBAN DEVELOPMENT. FORM 990, PART XI, LINE 9: BOOK/TAX DEPRECIATION DIFFERENCES 16,961. MANAGEMENT DELEGATED THE ORGANIZATION HAS NO EMPLOYEES, AND HAS DELEGATED CONTROL OVER CERTAIN PROPERTY MANAGEMENT DUTIES TO A THIRD PARTY MANAGEMENT AGENT PURSUANT TO A PROPERTY MANAGEMENT AGREEMENT. LION SIGHT FOUNDATION OF MISSISSIPPI, INC., AS THE PARENT AND SPONSORING CORPORATION, ASSISTS IN PROVIDING TO ITS SUBORDINATE CORPORATION'S GENERAL AND ADMINISTRATIVE SUPERVISION, FINANCIAL MANAGEMENT, QUALITY ASSURANCE, REGULATORY COMPLIANCE, REAL ESTATE DEVELOPMENT AND STRATEGIC PLANNING. ORGANIZATION'S PROCESS TO REVIEW FORM 990 A DRAFT OF THE FORM 990 IS SENT TO THE PRESIDENT AND THE BOARD MEMBERS. THE FORM 990 IS REVIEWEED AND ANY QUESTIONS THAT ARISE FROM THE REVIEW ARE ANSWERED/CLEARED PRIOR TO THE FILING OF THE RETURN. OTHER CHANGES IN NET ASSETS EXPLANATION BOOK/TAX DEPRECIATION DIFFERENCE $16,691 ENFORCEMENT OF CONFLICTS POLICY THE POLICY REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE POLICY AND DISCLOSURE FORM ARE DISTRIBUTED AND COLLECTED ANNUALLY, AND INDIVIDUALS ARE REQUIRED TO UPDATE THE DISCLOSURE FORM THOURGHOUT THE YEAR IN THE EVENT POTENTIAL CONFLICTS ARISE. POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD OF DIRECTORS.