2024-11-05T10:32:58-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 237377946 MCCORMICK COUNTY HOUSING FOR AGINGINC MCCO 3363751552 21 WRIGHT STREET MCCORMICK SC 29835 OSCAR NEW CHAIRMAN OF THE BOARD 8644432767 2024-10-31 1 1 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z OSCAR NEW PO BOX 328 MCCORMICK SC 29835 774564 0 X N/A X 1973 SC MCCORMICK COUNTY HOUSING FOR THE AGING, INC., A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS INCORPORATED ON APRIL 1, 1974, AND IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION WAS FORMED TO CONSTRUCT, OWN, AND OPERATE APARTMENT COMMUNITIES PURSUANT TO SECTIONS 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION OPERATES CHERRY VALLEY (A 24 UNIT COMPLEX), CHERRY MANOR (A 20 UNIT COMPLEX) AND WESTOWNE (A 40 UNIT COMPLEX), ALL LOCATED IN MCCORMICK, SOUTH CAROLINA. MORTGAGE LOANS ARE PROVIDED BY RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT. IN ADDITION, THE CORPORATION HAS ENTERED INTO HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP) WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 10 10 0 0 0 0 598485 622924 145620 140591 653 70 59687 10979 804445 774564 0 0 0 0 0 0 0 0 0 615221 633274 615221 633274 189224 141290 1420210 1465920 681012 585432 739198 880488 X MCCORMICK COUNTY HOUSING FOR THE AGING, INC., A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS INCORPORATED ON APRIL 1, 1974, AND IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION WAS FORMED TO CONSTRUCT, OWN, AND OPERATE APARTMENT COMMUNITIES PURSUANT TO SECTIONS 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION OPERATES CHERRY VALLEY (A 24 UNIT COMPLEX), CHERRY MANOR (A 20 UNIT COMPLEX) AND WESTOWNE (A 40 UNIT COMPLEX), ALL LOCATED IN MCCORMICK, SOUTH CAROLINA. MORTGAGE LOANS ARE PROVIDED BY RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT. IN ADDITION, THE CORPORATION HAS ENTERED INTO HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP) WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 0 0 554929 140591 MCCORMICK COUNTY HOUSING FOR THE AGING, INC., A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS INCORPORATED ON APRIL 1, 1974, AND IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION WAS FORMED TO CONSTRUCT, OWN, AND OPERATE APARTMENT COMMUNITIES PURSUANT TO SECTIONS 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION OPERATES CHERRY VALLEY (A 24 UNIT COMPLEX), CHERRY MANOR (A 20 UNIT COMPLEX) AND WESTOWNE (A 40 UNIT COMPLEX), ALL LOCATED IN MCCORMICK, SOUTH CAROLINA. MORTGAGE LOANS ARE PROVIDED BY RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT. IN ADDITION, THE CORPORATION HAS ENTERED INTO HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP) WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 554929 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 13 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X VISTA CAPITAL MANAGEMENT GROUP 8644043511 207 WHITSETT STREET GREENVILLE SC 29601 X OSCAR NEW PRESIDENT 0.50 0.00 X X 0 0 0 KASANDRA M HARPER VICE PRESIDENT 0.50 0.00 X X 0 0 0 PATRICIA LEVERETTE SECRETARY 0.50 0.00 X X 0 0 0 ANGELA MARTIN ASSISTANT SECRETARY 0.50 0.00 X X 0 0 0 EDDIE WHITE MEMBER 0.50 0.00 X 0 0 0 CLAUDE CARTLEDGE MEMBER 0.50 0.00 X 0 0 0 CHARLES JENNINGS MEMBER 0.50 0.00 X 0 0 0 FLETCHER PIERCE MEMBER 0.50 0.00 X 0 0 0 JAMIE HARPER MEMBER 0.50 0.00 X 0 0 0 DEDRIC WILLIAMS MEMBER 0.50 0.00 X 0 0 0 0 0 0 0 0 0 0 0 622924 622924 RENTAL INCOME 531110 140591 140591 140591 70 70 TENANT CHARGES 531110 10979 10979 10979 774564 140591 0 11049 66844 66844 10280 10280 1221 1221 24273 24273 402358 402358 48415 48415 19119 19119 MGMT CO EMPLOYEE CHARGE 51041 51041 BAD DEBTS 9723 9723 633274 554929 78345 0 348080 383961 76977 43588 34356 58353 3439886 2827460 588931 612426 357218 352508 14648 15084 1420210 1465920 5392 2617 8914 2159 644574 563480 22132 17176 681012 585432 X 739198 880488 739198 880488 1420210 1465920 141290 0 X X 0 1 X 1 1 1 X 571369 591387 591864 598485 622924 2976029 148094 128022 135474 145620 140591 697801 719463 719409 727338 744105 763515 3673830 0 0 0 3673830 2988 604 1951 653 70 6266 2988 604 1951 653 70 6266 10040 11302 11031 59687 10979 103039 732491 731315 740320 804445 774564 3783135 0.97110 0.97010 0.00170 0.00250 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 60787 60787 2758420 2268293 490127 252854 231606 21248 367825 327561 40264 612426 MORTGAGE ESCROW DEPOSITS 59000 C RESERVE REPLACEMENT FUND 293508 C 352508 ACCRUED INTEREST 2092 SECURITY DEPOSITS 15084 17176 X 774564 0 774564 0 774564 634692 1418 1418 633274 0 633274 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 RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK TO TAX DEPRECIATION EXPENSE ADJUSTMENT 1,418. FORM 990, PART VI, SECTION A, LINE 3 MCCORMICK COUNTY HOUSING FOR AGING, INC. IS MANAGED BY VISTA CAPITAL MANAGEMENT GROUP, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. VISTA CAPITAL MANAGEMENT GROUP HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED VISTA CAPITAL MANAGEMENT GROUP TO MANAGE THE MCCORMICK COUNTY HOUSING FOR AGING APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT EMCOMPASSES 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 OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR KEY EMPLOYEES (SEE PAGE 7, PART VII). FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PAGE 12, 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. EACH YEAR WHEN THE AUDIT IS UP FOR BID, THE BOARD OF DIRECTORS DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION TO MAINTAIN THE CURRENT RELATIONSHIP OR CONTRACT A NEW AUDITING FIRM.