2024-07-01T17:19:45-05:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 581528903 CREST STREET COMMUNITY ELDERLY HOUSING CORPORATION CRES 4076444500 2614 CREST STREET DURHAM NC 27705 RONALD ODOM PRESIDENT 4076444500 2024-05-13 1 RONALD ODOM 999009999 0 CASEY H PATTERSON P01281279 3362944494 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z NEW BETHEL HOMES FOR THE ELDERLY RONALD ODOM 2614 CREST STREET DURHAM NC 27705 426286 0 X N/A X 1983 NC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING FAMILIES. 8 8 0 8 0 0 283772 273958 134805 151648 86 176 85 504 418748 426286 0 0 0 0 0 0 0 0 0 425633 411021 425633 411021 -6885 15265 1021094 1007686 1337034 1308361 -315940 -300675 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING FAMILIES. 0 0 388537 152152 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING FAMILIES. 388537 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 X MULTIFAMILY SELECT INC 7048825415 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X MARY UMSTEAD VICE PRESIDENT 0.50 1.00 X X 0 0 0 KARL BRODIE MEMBER 0.50 1.00 X 0 0 0 BARBARA BRIGHT MEMBER 0.50 1.00 X 0 0 0 JOSEPH TORIAN TREASURER 0.50 1.00 X X 0 0 0 RETA SCARETT SECRETARY 0.50 1.00 X X 0 0 0 RONALD W ODOM PRESIDENT 0.50 1.00 X X 0 0 0 DONZELL PATTERSON MEMBER 0.50 1.00 X 0 0 0 CHELSIE EDWARDS MEMBER 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 273958 273958 RENTAL INCOME 531110 149613 149613 LAUNDRY & VENDING 531110 1192 1192 TENANT CHARGES 531110 843 843 151648 176 176 MISCELLANEOUS REVENUE 531110 504 504 504 426286 152152 0 176 X 33968 33968 663 663 20015 20015 18210 18210 26983 26983 43971 43971 37158 37158 31931 31931 SALARIES REIMBURSEMENT 46228 46228 PAYROLL REIMBURSEMENT 39034 39034 CONTRACTS 26214 26214 SUPPLIES 17582 17582 69064 66595 2469 411021 388537 22484 0 2178 1750 247866 260264 424 4088 5052 5818 1784862 1172911 644371 611951 103843 99105 17360 24710 1021094 1007686 18503 26938 605 3311 1277353 1238310 40573 39802 1337034 1308361 X -315940 -300675 -315940 -300675 1021094 1007686 15265 0 X 0 1 X 0 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225749 225749 1378413 1035293 343120 124435 124435 0 56265 13183 43082 611951 TENANT SECURITY DEPOSITS 13542 MISC. CURRENT LIABILITIES 420 NOTES PAYABLE - LT 25840 39802 X 426286 0 426286 0 426286 411021 0 411021 0 411021 PART X, LINE 2: 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, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS 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, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 14,012. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,012. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 12,007. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,007. SECURITY PAYROLL/CONTRACT: PROGRAM SERVICE EXPENSES 11,415. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,415. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 8,268. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,268. PAYROLL TAXES REIMBURSEMENT: PROGRAM SERVICE EXPENSES 7,446. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,446. MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 5,678. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,678. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 5,611. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,611. MISCELLANEOUS ADMINISTRATIVE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,469. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,469. OFFICE SALARIES: PROGRAM SERVICE EXPENSES 1,151. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,151. MISCELLANEOUS OPERATING AND MAINTENANCE EXPENSE: PROGRAM SERVICE EXPENSES 721. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 721. BAD DEBT: PROGRAM SERVICE EXPENSES 286. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 286. CREST STREET COMMUNITY COUNCIL 2614 CREST STREET DURHAM NC 27750 581399286 SUBSIDIZED LOW-INCOME HOUSING NC 501(C)(4) LINE 10 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 CREST STREET COMMUNITY COUNCIL INC E 19396 CASH CREST STREET COMMUNITY COUNCIL INC P 1300 CASH