2024-04-29T13:05:35-04:00 2023-12-31 721314069 MADDOX & ASSOCIATES APC 5627 BANKERS AVE BLDG 2 BATON ROUGE LA 708082610 990 2023-01-01 742698690 GUADALUPE COUNTY HOUSING DEVELOPMENT INC GUAD 2105666700 1996 SCHERTZ PARKWAYSUITE 101 SCHERTZ TX 78154 CIMARRON GILSON PRESIDENT 2105310577 2024-02-27 true CIMARRON GILSON 999009999 false JEFFREY M MADDOX P00437317 2259263360 2024-04-24 2023 2023-04-26 12:10:37Z SUNRISE VILLA APARTMENTS CIMARRON GILSON 1996 SCHERTZ PARKWAY 101 SCHERTZ TX 78154 208458 false X N/A X 1994 TX THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 22 UNITS IN SEGUIN, TEXAS. THE CORPORATION WILL OPERATE UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND BE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OEPRATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 811 CAPITAL ADVANCE AND PROJECT RENTAL ASSISTANCE. 2 2 0 0 0 207847 208123 22 335 0 207869 208458 0 0 85936 74696 0 0 169747 217180 255683 291876 -47814 -83418 989315 911091 1526421 1531615 -537106 -620524 X THE CORPORATION WILL OPERATE AS A SINGLE ASSET CORPORATION COMMITTED TO DEVELOP, OWN, AND OPERATE A SUPPORTIVE HOUSING PROJECT FOR LOW INCOME PERSONS WITH DISABILITIES. THE CORPORATION IS FORMED FOR CHARITABLE PURPOSES, AND IT WILL BE NONPROFIT AND NONPARTISAN. THE CORPORATION WILL NOT ENGAGE IN ANY ACTIVITIES OR EXCERCISE ANY POWERS THAT ARE NOT IN FURTHERANCE OF THE CHARITABLE PURPOSES AS DESCRIBED IN THE ARTICLES OF INCORPORATION. false false 263575 208123 THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 22 UNITS IN SEGUIN, TEXAS. THE CORPORATION WILL OPERATE UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND BE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 811 CAPITAL ADVANCE AND PROJECT RENTAL ASSISTANCE. 263575 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 false false false X 2 2 false true false false false true false true true false false true false false false false false false X MDP PROPERTY MANAGEMENT LLC 2102201908 SUITE 184-W SAN ANTONIO TX 78213 X CIMARRON GILSON PRESIDENT X 0 0 0 KRISTA SCHULTZE SECRETARY X 0 0 0 WILLIAM BROWN TREASURER X 0 0 0 NONA KAY SCALES DIRECTOR X 0 0 0 false false false RENTAL REVENUE 531110 208123 208123 208123 335 335 208458 208458 57733 57733 12252 12252 4711 4711 15267 15267 677 677 7915 7915 10153 10153 86094 86094 4442 4442 53074 53074 654 654 MISC OPERATING 30503 30503 MISC ADMINISTRATIVE 7802 7802 MISC TAXES 599 599 291876 263575 28301 0 597 21063 546 5873 1513 3664 1784923 934207 903789 850716 82870 29775 989315 911091 21172 25515 15 1502000 1502000 3234 4100 1526421 1531615 X -537106 -620524 -537106 -620524 989315 911091 -83418 X false true X true true true X 144147 144147 206888 201220 215783 207847 208123 1039861 206888 201220 215783 351994 208123 1184008 1184008 23 11 8 22 335 399 23 11 8 22 335 399 206911 201231 215791 352016 208458 1184407 0.99970 0.99990 0.00000 0.00000 X 52937 52937 1550865 884423 666442 7000 3733 3267 174121 46051 128070 850716 TENANT SECURITY DEPOSITS 4100 4100 208458 208458 208458 291876 291876 291876 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION WILL OPERATE AS A SINGLE ASSET CORPORATION COMMITTED TO DEVELOP, OWN, AND OPERATE A SUPPORTIVE HOUSING PROJECT FOR LOW INCOME PERSONS WITH DISABILITIES. THE CORPORATION IS FORMED FOR CHARITABLE PURPOSES, AND IT WILL BE NONPROFIT AND NONPARTISAN. THE CORPORATION WILL NOT ENGAGE IN ANY ACTIVITIES OR EXCERCISE ANY POWERS THAT ARE NOT IN FURTHERANCE OF THE CHARITABLE PURPOSES AS DESCRIBED IN THE ARTICLES OF INCORPORATION. FORM 990, PAGE 6, PART VI, LINE 3 IN JANAURY 2023, MDP MANAGEMENT COMPANY SIGNED A MANAGEMENT AGREEMENT TO PROVIDE MANAGEMENT SERVICES FOR THE APARTMENTS. THE FEE FOR THESE SERVICES IS 5.8% OF COLLECTED RENTAL INCOME NOT TO EXCEED 45.00 PER UNIT PER MONTH FOR THE 22 UNITS, WHETHER THE UNITS ARE OCCUPIED.ADDITIONAL ADD-ON FEES OF 11 PER UNIT PER MONTH. ALL EMPLOYEES OF THE PROJECT ARE ACTUALLY EMPLOYEES OF THE MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS HAS MEMBERS WHO MAY NOMINATE OR VOTE ON NEW BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 HAS BEEN PROVIDED TO THE ORGANIZATION'S GOVERNING BODY, AND THEY REVIEW IT PRIOR TO SENDING TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION WILL FURNISH A COPY OF THE ORGANIZATIONAL, FINANCIAL, OR FORM 990 DOCUMENTS UPON REQUEST.