2024-04-16T15:44:44-04:00 2023-12-31 721314069 MADDOX & ASSOCIATES APC 5627 BANKERS AVE BLDG 2 BATON ROUGE LA 708082610 990 2023-01-01 900752328 GEORGE GERVIN RETIREMENT APARTMENTS GEOR 8303722600 6903 SUNBELT DR SOUTH SAN ANTONIO TX 78218 BRAD PRAK MANAGEMENT AGENT 8303722600 2024-04-11 true BRAD PRAK 999009999 false WILLIAM B BEALE P00437323 2259263360 2024-04-16 2023 2023-04-26 12:10:37Z NATHAN HAWKINS 6903 SUNBELT DR SOUTH SAN ANTONIO TX 78218 378972 false X X 2011 TX ORGANIZATION - THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON- PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 42 UNITS, UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATION METHODS. OPERATIONS EFFECTIVELY BEGAN IN AUGUST 2015. 3 3 0 0 0 316421 376189 904 2783 0 317325 378972 0 0 95912 115244 0 0 324743 346554 420655 461798 -103330 -82826 4288422 4198726 44343 37473 4244079 4161253 X THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON-PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 42 UNITS, UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATION METHODS. OPERATIONS EFFECTIVELY BEGAN IN AUGUST 2015. false false 415758 376189 THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON-PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 42 UNITS, UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATION METHODS. OPERATIONS EFFECTIVELY BEGAN IN AUGUST 2015. 415758 true false false false false false false false false false true false false false true false 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 false false false true 0 0 true 0 false false false false false false false false false false false false X 3 3 false true false false false true false true true false false true false false false false false false X PRAK PROPERTY MANAGEMENT INC 8303722600 PO BOX 990 SEGUIN TX 78156 X BARBARA GERVIN-HAWKINS PRESIDENT X 0 0 0 NATHAN HAWKINS VICE PRESIDE X 0 0 0 FRANCES BOYNES SECRETARY/TR X 0 0 0 false false false REVENUE 531110 376189 376189 376189 2783 2783 378972 378972 101017 101017 6233 6233 7994 7994 31290 31290 11230 11230 16611 16611 75701 75701 2225 2225 135014 135014 2155 2155 MISC. OPERATING 67396 67396 MISC. ADMINISTRATIVE 4542 3247 1295 MISCELLANEOUS TAXES 390 390 461798 415758 46040 0 19333 15773 1128 6430 5071799 1053910 4107784 4017889 153747 165064 4288422 4198726 29942 19968 246 2664 14155 14841 44343 37473 X -367847 -450673 4611926 4611926 4244079 4161253 4288422 4198726 -82826 X false true X false true true X 293948 298946 303819 316421 376189 1589323 293948 298946 303819 316421 376189 1589323 1589323 220 61 122 904 2783 4090 220 61 122 904 2783 4090 294168 299007 303941 317325 378972 1593413 X 170000 170000 4765989 1006817 3759172 135810 47093 88717 4017889 TENANT SECURITY DEPOSITS 14841 14841 378972 378972 378972 461798 461798 461798 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION WAS ORGANIZED ON JANUARY 11, 2011 AS A NON-PROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN SAN ANTONIO, TEXAS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 42 UNITS, UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATION METHODS. OPERATIONS EFFECTIVELY BEGAN IN AUGUST 2015. FORM 990, PAGE 6, PART VI, LINE 3 THE PROJECT ENTERED INTO A MANAGEMENT AGREEMENT WITH PRAK PROPERTY MANAGEMENT, INC. THIS FEE IS 9.5% OF RESIDENTIAL INCOME COLLECTED. MANAGEMENT FEES EARNED BY THIS MANAGEMENT COMPANY IN 2023 WAS 31,290. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION HAS DIRECTORS THAT CAN VOTE ON NEW DIRECTORS THAT ARE A PART OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE GOVERNING BODY REVIEWS THE FORM 990 WITH THE PROPERTY MANAGER, AND IF THERE ARE ANY QUESTIONS OR CONCERNS, THEY WILL BE ANSWERED PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING BODY WILL PROVIDE COPIES OF THE ORGANIZATIONAL DOCUMENTS, FINANCIAL STATEMENT OR FORM 990 UPON REQUEST.