2024-05-13T10:10:19-05:00 2023-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-07-01 561786295 CHADWICK APARTMENTS INC CHAD 3367650424 PO BOX 2185 RALEIGH NC 27602 SHARON LORDEN VP 3367650424 2024-05-09 1 SHARON LORDEN XXX-XX-XXXX 1 JACOB A SOWERS P01712829 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIA BAILEY PO BOX 2185 RALEIGH NC 27602 286581 0 X N/A X 1992 NC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS). 5 5 0 0 0 0 130131 116069 135395 154933 -506 9699 4734 5880 269754 286581 0 0 0 0 0 0 0 0 0 305404 320911 305404 320911 -35650 -34330 1271571 1233594 2180864 2177217 -909293 -943623 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS). 0 0 230268 154933 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS). 230268 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURA GRIMES 3367650424 PO BOX 25168 WINSTONSALEM NC 271145168 X TYLER CRAFT CHAIR 0.50 0.50 X X 0 0 0 JORDAN MANESS VICE CHAIR 0.50 0.50 X X 0 0 0 BETSY ROZAKIS MEMBER 0.50 0.50 X 0 0 0 GORDON GRUBB MEMBER 0.50 0.50 X 0 0 0 CHICO SCOTT MEMBER 0.50 0.50 X 0 0 0 NATALIE BRITT VP 0.50 40.00 X 0 191802 9162 JENNIFER FOELL SECRETARY 0.50 40.00 X 0 88497 8178 SHARON LORDEN VP 0.50 40.00 X 0 206198 11863 SHEILA PORTER ASSISTANT SECRETARY 0.50 40.00 X 0 142528 12229 WILLIAM WARD TREASURER 0.50 40.00 X 0 141458 6742 YOLANDA WINSTEAD PRESIDENT 0.50 40.00 X 0 265501 13844 RODNEY BROWN VP OF ASSET MANAGEMENT 0.50 40.00 X 0 150602 8405 ATINUKE DIVER VP OF RESOURCE DEVELOPMENT & PARTNERSHIPS 0.50 40.00 X 0 132786 7664 MICHAEL RODGERS DIRECTOR OF REAL ESTATE DEVELOPMENT 0.50 40.00 X 0 133743 5689 KAYLA ROSENBURG DIRECTOR OF ENTERPRISE STRATEGY & DEVELOPMENT 0.50 40.00 X 0 128362 5949 0 1581477 89725 0 0 1 0 0 116069 116069 RENTAL INCOME 531110 154933 154933 154933 9699 9699 LAUNDRY & VENDING 531110 5238 5238 TENANT CHARGES 531110 639 639 OTHER REVENUE-MISC. 531110 3 3 5880 286581 154933 0 15579 31029 31029 5918 5918 99 99 13196 13196 2560 2560 172818 172818 145 145 922 922 57315 57315 808 808 MTG CO EMPLOYEE CHARGEB 35966 35966 BAD DEBTS 135 135 320911 230268 90643 0 16516 5371 666 2358 8023 11435 2310032 1523917 843430 786115 386880 411340 16056 16975 1271571 1233594 13468 11646 1216 0 2148300 2148300 17880 17271 2180864 2177217 X -909293 -943623 -909293 -943623 1271571 1233594 -34330 0 X X 0 1 X 1 1 1 X 129139 128098 137836 130131 116069 641273 124783 130347 130418 135395 154933 675876 253922 258445 268254 265526 271002 1317149 0 0 0 1317149 24 43 175 217 9699 10158 24 43 175 217 9699 10158 6695 6082 5823 4734 5880 29214 260641 264570 274252 270477 286581 1356521 0.97100 0.97690 0.00750 0.00040 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 92496 92496 2108442 1436588 671854 11536 6327 5209 97558 81002 16556 786115 MORTGAGE ESCROW DEPOSITS 4551 C RESERVE REPLACEMENT FUND 396284 C RESIDUAL RECEIPTS 10505 C 411340 SECURITY DEPOSITS 16210 ACCRUED WAGES PAYABLE 982 ACCRUED PAYROLL TAXES PAYABLE 79 17271 X 286581 0 286581 0 286581 324080 3169 3169 320911 0 320911 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 TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK TO TAX DEPRECIATION ADJUSTMENT 3,169. 0 0 0 0 0 0 0 0 0 YOLANDA WINSTEAD PRESIDENT 0 226976 0 13000 0 25525 0 2322 0 11522 0 279345 0 0 SHARON LORDEN VP 0 173503 0 13000 0 19695 0 1647 0 10216 0 218061 0 0 NATALIE BRITT VP 0 160522 0 13000 0 18280 0 1242 0 7920 0 200964 0 0 RODNEY BROWN VP OF ASSET MANAGEMENT 0 122708 0 13000 0 14894 0 685 0 7720 0 159007 0 0 SHEILA PORTER ASSISTANT SECRETARY 0 116091 0 13000 0 13437 0 1510 0 10719 0 154757 0 0 FORM 990, PART VI, SECTION A, LINE 3 CHADWICK APARTMENTS, INC. IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANAGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APPROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE CHADWICK APARTMENTS ELDERLY HOUSING PROPERTY. THE MANAGEMENT CONTRACT ENCOMPASSES 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 A, LINE 7A THE BOARD OF DHIC HAS THE ABILITY TO ELECT ONE OR MORE OF THE BOARD MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO DHIC. DHIC FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS MUST SIGN THE POLICY ANNUALLY. THE POLICY IS REVIEWED ANNUALLY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S OFFICERS ARE PAID THROUGH DHIC WHICH HAS ITS OWN COMPENSATION POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AS WELL AS ON GUIDESTAR.ORG. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIALS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B HOURS WORKED FOR RELATED ORGANIZATIONS: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, PART XII, LINE 2C OVERSIGHT OF AUDITING FUNCTION: THE MANAGEMENT COMPANY AND DHIC 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. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION PO BOX 2185 RALEIGH NC 27602 581707107 HOUSING LOANS TO LOW TO MODERATE INCOME INDIVIDUALS NC 501(C)3 LINE 9 DHIC INC 0 DHIC INC PO BOX 2185 RALEIGH NC 27602 561085131 CONSTRUCTION AND MANAGEMENT OF LOW INCOME HOUSING NC 501(C)3 LINE 9 N/A 0 HIGHLAND MANOR APARTMENTS INC PO BOX 2185 RALEIGH NC 27602 300144947 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 MACGREGOR HOUSING DEVELOPMENT CORPORATION PO BOX 2185 RALEIGH NC 27602 562237995 TO DEVELOP, CONSTRUCT, OWN AND OPERATE A LOW INCOME HOUSING COMPLEX NC 501(C)3 LINE 9 DHIC INC 0 ROANOKE HOUSING DEVELOPMENT CORP PO BOX 2185 RALEIGH NC 27602 581738127 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 WAKE FOREST ELDERLY HOUSING INC PO BOX 2185 RALEIGH NC 27602 561930136 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 WASHINGTON TERRACE REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 581747465 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 ASHTON PLACE DEVELOPER LLC PO BOX 2185 RALEIGH NC 27602 874085651 LOW-INCOME HOUSING NC N/A 0 0 ASHTON PLACE HOUSING LLC PO BOX 2185 RALEIGH NC 27602 872612408 LOW-INCOME HOUSING NC N/A 0 0 BEACON RIDGE LLC PO BOX 2185 RALEIGH NC 27602 831728987 LOW-INCOME HOUSING NC N/A 0 0 BEECHRIDGE LLC PO BOX 2185 RALEIGH NC 27602 845101215 LOW-INCOME HOUSING NC N/A 0 0 BOOKER PARK NORTH LLC PO BOX 2185 RALEIGH NC 27602 813919533 LOW-INCOME HOUSING NC N/A 0 0 BOOKER PARK SOUTH LLC PO BOX 2185 RALEIGH NC 27602 852810077 LOW-INCOME HOUSING NC N/A 0 0 BROADSTONE WALK LLC PO BOX 2185 RALEIGH NC 27602 872401950 LOW-INCOME HOUSING NC N/A 0 0 BROOKRIDGE HOUSING LLC PO BOX 2185 RALEIGH NC 27602 770698724 LOW-INCOME HOUSING NC N/A 0 0 CAMDEN GLEN LLC PO BOX 2185 RALEIGH NC 27602 463760565 LOW-INCOME HOUSING NC N/A 0 0 CAPITAL TOWERS III LLC PO BOX 2185 RALEIGH NC 27602 811157728 LOW-INCOME HOUSING NC N/A 0 0 COLLEGE PARK COLLABORATIVE LLC PO BOX 2185 RALEIGH NC 27602 464531876 LOW-INCOME HOUSING NC N/A 0 0 DACIAN GLEN LLC PO BOX 2185 RALEIGH NC 27602 841719009 LOW-INCOME HOUSING NC N/A 0 0 GREENFIELD SENIOR HOUSING LLC PO BOX 2185 RALEIGH NC 27602 813926648 LOW-INCOME HOUSING NC N/A 0 0 GREENFIELD WORKFORCE HOUSING LLC PO BOX 2185 RALEIGH NC 27602 475079988 LOW-INCOME HOUSING NC N/A 0 0 HARDEE ST DEVELOPER LLC PO BOX 2185 RALEIGH NC 27602 874097549 LOW-INCOME HOUSING NC N/A 0 0 HARDEE ST HOUSING LLC PO BOX 2185 RALEIGH NC 27602 872587352 LOW-INCOME HOUSING NC N/A 0 0 MAPLEWOOD PARTNERSLLC PO BOX 2185 RALEIGH NC 27602 770698721 LOW-INCOME HOUSING NC N/A 0 0 MEADOWCREEK COMMONS LLC PO BOX 2185 RALEIGH NC 27602 270861151 LOW-INCOME HOUSING NC N/A 0 0 MILNER SENIOR HOUSING PARTNERS LLC PO BOX 2185 RALEIGH NC 27602 844336470 LOW-INCOME HOUSING NC N/A 0 0 PENNINGTON GROVE II LLC PO BOX 2185 RALEIGH NC 27602 842955164 LOW-INCOME HOUSING NC N/A 0 0 PENNINGTON GROVE LLC PO BOX 2185 RALEIGH NC 27602 475081041 LOW-INCOME HOUSING NC N/A 0 0 PRIMAVERA SENIORS LLC PO BOX 2185 RALEIGH NC 27602 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OAKS AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 760806937 REAL ESTATE RENTAL NC N/A C 0 DACIAN GLEN REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 841719006 REAL ESTATE RENTAL NC N/A C 0 DAVIS DRIVE DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 464225408 REAL ESTATE RENTAL NC N/A C 0 GREEFIELD COMMONS DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 813900218 REAL ESTATE RENTAL NC N/A C 0 GREENFIELD PLACE DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 475077232 REAL ESTATE RENTAL NC N/A C 0 HARDEE ST MANAGING MEMBER LLC PO BOX 2185 RALEIGH NC 27602 872594916 REAL ESTATE RENTAL NC N/A C 0 MAPLEWOOD SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 770698720 REAL ESTATE RENTAL NC N/A C 0 MEADOWCREEK SENIORS INC PO BOX 2185 RALEIGH NC 27602 270854784 REAL ESTATE RENTAL NC N/A C 0 PENNINGTON GROVE SENIOR HOUSING II INC PO BOX 2185 RALEIGH NC 27602 842939520 REAL ESTATE RENTAL NC N/A C 0 PENNINGTON GROVE SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 811734591 REAL ESTATE RENTAL NC N/A C 0 PRIMAVERA SENIORS HOUSING INC PO BOX 2185 RALEIGH NC 27602 852758646 REAL ESTATE RENTAL NC N/A C 0 ROG REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 461156743 REAL ESTATE RENTAL NC N/A C 0 SIX FORKS SENIORS INC PO BOX 2185 RALEIGH NC 27602 814480756 REAL ESTATE RENTAL NC N/A C 0 WAKEFIELD SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 205779138 REAL ESTATE RENTAL NC N/A C 0 WATER GARDEN AFFODABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 273427009 REAL ESTATE RENTAL NC N/A C 0 WATER GARDEN SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 452776028 REAL ESTATE RENTAL NC N/A C 0 WESTON TRACE AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 822774856 REAL ESTATE RENTAL NC N/A C 0 WILLARD STREET MANAGER LLC PO BOX 2185 RALEIGH NC 27602 831895170 REAL ESTATE RENTAL NC N/A C 0 CRESTON COMMONS AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 920971599 REAL ESTATE RENTAL NC N/A C 0 MILNER SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 883817300 REAL ESTATE RENTAL NC N/A C 0 SPORTSMANSHIP HOUSING INC PO BOX 2185 RALEIGH NC 27602 922965934 REAL ESTATE RENTAL NC DHIC INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 SCHEDULE R, PART V, LINE 1O SHARING OF PAID EMPLOYEES: DHIC EMPLOYS THE OFFICERS OF THE PROJECT. THERE IS NO REIMBURSEMENT PAID TO DHIC.