2024-07-03T15:46:35-04:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 561082871 ALPHA ARMS INC ALPH 7042285415 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 JIMMIE FORD CHAIRMAN 7042285415 2024-06-14 true JIMMIE FORD 999009999 false MEGAN A RIDGLEY CPA P01317611 7044993893 2024-06-14 2022 2023-04-26 12:10:37Z JIMMIE FORD 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 863412 false X N/A X 1973 NC TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. 10 10 0 10 0 599454 626164 233997 235999 95 141 69 1108 833615 863412 0 0 0 0 0 901960 939298 901960 939298 -68345 -75886 4695512 4531036 6292490 6203900 -1596978 -1672864 TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. false false 730485 235999 TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES BY OPERATING A 104-UNIT APARTMENT COMMUNITY. 730485 false true false false false false false false false true false false false true true 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 true 8 0 0 false false false false false false false false X 10 10 false true false false false false false true true false false true false false false false false false X MULTIFAMILY SELECT INC 7042285415 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X TARIK FISHER DIRECTOR 0.05 X 0 0 0 JIMMIE FORD CHAIRMAN 0.50 X X 0 0 0 CHRISTOPHER GRIFFIN DIRECTOR 0.50 X 0 0 0 RASHAD HINNANT DIRECTOR 0.50 X 0 0 0 LARRY JOHNSON DIRECTOR 0.50 X 0 0 0 HUGH JONES DIRECTOR 0.50 X 0 0 0 EARL MOORE JR DIRECTOR 0.05 X 0 0 0 SAMUEL LLOYD SECRETARY 0.50 X X 0 0 0 JOHN STOKES DIRECTOR 0.50 X 0 0 0 NICKY WILLIAMS TREASURER 0.50 X X 0 0 0 false false false 626164 626164 RENTAL INCOME 531110 226184 226184 LAUNDRY AND VENDING RE 531110 6792 6792 TENANT CHARGES 531110 3023 3023 235999 141 141 MISCELLANEOUS REVENUE 531110 1108 1108 1108 863412 237107 141 X 62821 62821 2321 2321 32984 32984 36766 36766 102 102 20333 20333 78762 78762 179950 179950 149945 149945 73245 73245 OTHER 59159 33172 25987 MAINTENANCE PAYROLL REI 57212 57212 MANAGER SALARY REIMBURS 48585 48585 GARBAGE AND TRASH REMOV 42948 42948 94165 78485 15680 939298 730485 208813 0 1273 9631 327185 308912 24660 15452 22636 22636 7817483 3859828 4095534 3957655 224224 216750 4695512 4531036 181427 312293 14610 14971 6032501 5812683 43527 43527 20425 20426 6292490 6203900 X -1596978 -1672864 -1596978 -1672864 4695512 4531036 -75886 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41291 41291 6897449 3036696 3860753 703840 659658 44182 174903 163474 11429 3957655 20426 20426 X 863412 863412 863412 939298 939298 939298 SCHEDULE D, PAGE 3, PART X IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING FORM 990, PAGE 6, PART VI, LINE 19 THE INFORMATION IS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E SUPPLIES 40,278 0 0 BAD DEBT EXPENSE 0 14,680 0 REAL ESTATE TAXES 14,173 0 0 REPAIRS & MAINTENANCE 13,311 0 0 PAYROLL TAX REIMBURSEMENT 10,723 0 0 OFFICE SALARY REIMBURSEME 0 1,000 0 TOTAL 78,485 15,680 0 ALPHA ARMS INC CHANGED TAX PREPARERS THIS YEAR. UNFORTUNATELY, IT TOOK MORE TIME THAN EXPECTED TO UNDERSTAND THE NEW PREPARATION PROCESS, OBTAIN AND PROVIDE ALL INFORMATION REQUIRED TO PREPARE A COMPLETE AND ACCURATE RETURN. FOR THIS REASON, WE ARE REQUESTING NON-ASSERTION OF ANY LATE FILING PENALTY AS THE DELAY IN FILING WAS UNINTENTIONAL AND NOT DUE TO WILLFUL NEGLECT (IRC SECTION 6652(C)). AN EXTENSION WAS TIMELY FILED AND THIS FORM 990 WAS PREPARED AND ELECTRONICALLY SUBMITTED AS SOON AS POSSIBLE. ALL OTHER NORMAL BUSINESS CARE AND PRUDENCE HAS BEEN TAKEN TO COMPLY WITH ALL FILING REQUIREMENTS, AND LATE FILING WAS COMPLETELY INADVERTENT AND IN NO WAY DUE TO WILLFUL NEGLECT. THE ORGANIZATION HAS A GOOD FILING HISTORY AND THIS IS NOT NORMAL PRACTICE. PROCEDURES HAVE BEEN PUT INTO PLACE TO ENSURE A LATE FILING WILL NOT OCCUR IN THE FUTURE. ALPHA ARMS IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO PROVIDING SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. THE