2024-10-22T09:17:07-04:00 2023-12-31 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2023-01-01 581539345 GOOD NEWS II OF STATESVILLE INC GOOD 3362491836 410 KINGS GRANT COURT STATESVILLE NC 28677 RHYNE SCOTT PRESIDENT 3362491836 2024-08-13 true true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-10-21 2023 2024-10-15 13:58:12Z KINGS GRANT II APARTMENTS RHYNE SCOTT 410 KINGS GRANT COURT STATESVILLE NC 28677 406781 false X X 1983 NC PROVIDE HOUSING TO QUALIFIED ELDERLY/HANDICAPPED PERSONS UNDER HUD SUPERVISED PROGRAMS. 15 15 0 15 0 231667 188459 175752 198532 0 55548 19790 462967 406781 0 0 67724 71944 0 0 276968 289337 344692 361281 118275 45500 1212607 1250307 1576230 1554664 -363623 -304357 PROVIDE HOUSING TO QUALIFIED ELDERLY/HANDICAPPED PERSONS UNDER HUD SUPERVISED PROGRAMS. false false 275685 198532 PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD. 275685 true false false false false false false false true false true false true 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 true true false false false true 5 0 0 false false false false false false false false X 15 15 false true false false false false false true true false false false false false false false false true true X EXCEL PROPERTY MANAGEMENT INC 9198780522 1004 BULLARD COURT SUITE 106 RALEIGH NC 27615 X ANNE HERSCHLER DIRECTOR 1.00 X 0 0 0 RHYNE SCOTT PRESIDENT 1.00 X X 0 0 0 JEREMY CANNADA DIRECTOR 1.00 X 0 0 0 JIM PICKETT DIRECTOR 1.00 X 0 0 0 JUDY WATTS TREASURER 1.00 X X 0 0 0 HARRIET MAUZE DIRECTOR 1.00 X 0 0 0 NATE MCELWEE DIRECTOR 1.00 X 0 0 0 SUEZI LONG SECRETARY 1.00 X X 0 0 0 MARILYN HENDRY DIRECTOR 1.00 X 0 0 0 JOY MORRISON DIRECTOR 1.00 X 0 0 0 HEWITT LINYARD INVESTMENT O 1.00 X X 0 0 0 KIM AUSTIN DIRECTOR 1.00 X 0 0 0 DYCIE WALTON DIRECTOR 1.00 X 0 0 0 BETH BUSH DIRECTOR 1.00 X 0 0 0 ROBIN DOWNS DIRECTOR 1.00 X 0 0 0 false false false 188459 188459 TENANT RENT PAYMENTS 531110 198532 198532 198532 KINGS GRANT COURT LP 900099 19778 19778 MISCELLANEOUS REVENUE 531110 12 12 19790 406781 198532 19790 X 61987 32215 29772 5126 5126 4831 4831 26804 26804 9300 9300 78756 77663 1093 10570 10570 15806 15806 70411 70411 40145 40145 26432 26432 SUPPLIES 8057 8057 BAD DEBT EXP 3056 3056 361281 275685 85596 0 23952 6462 5 5685 3422 22863 22990 2559273 2055645 543773 503628 107973 121065 -31346 -11568 539702 604308 1212607 1250307 27701 50372 2706 5408 20320 19297 1519487 1473802 6016 5785 1576230 1554664 X -470891 -411625 107268 107268 -363623 -304357 1212607 1250307 45500 13766 X false true X true false X 236274 233549 231667 188459 889949 236274 233549 231667 188459 889949 889949 3173 32237 50027 28765 13766 127968 18010 664 414 19088 1037005 1266092 0.85820 0.85620 X PART II, LINE 10 19,088 false true X 94196 94196 1996547 1626338 370209 429307 -429307 35098 REPLACEMENT RESERVE 363730 C DEBT SERVICE SAVINGS 162568 C ESCROW DEPOSITS 34839 C RESIDUAL RECEIPTS SAVINGS 23874 C TENANT SECURITY DEPOSITS 19297 C 604308 ACCRUED INTEREST 5785 5785 400769 13766 13766 387003 19778 19778 406781 361281 361281 361281 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION OWNS AND OPERATES AN APARTMENT COMPLEX. IN THIS CAPACITY, THE ORGANIZATION RECEIVES AND HOLDS TENANT SECURITY DEPOSITS. SCHEDULE D, PAGE 4, PART XI, LINE 4B SUBSIDIARY K-1 19,778 FORM 990, PAGE 6, PART VI, LINE 3 THE MANAGEMENT HAS CONTRACTED WITH EXCEL PROPERTY MANAGEMENT, INC TO MANAGE ALL DAY TO DAY OPERATIONS OF THE APARTMENT COMPLEX. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW, APPROVAL AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACTS 70,140 0 0 GARBAGE AND TRASH 3,263 0 0 REPAIRS 4,226 0 0 MISCELLANEOUS ADMIN EXP 0 1,093 0 MISCELLANEOUS OPERATING & MAI 34 0 0 TOTAL 77,663 1,093 0 KINGS GRANT COURT LIMITED PARTNERSH 410 KINGS GRANT COURT STATESVILLE NC 28677 561712149 RENTAL NC N/A false false 0.99000 false false false false false false false false false false false false false false false false false false false