2024-11-14T10:00:05-06:00 2023-12-31 221478099 COHNREZNICK LLP 816 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 990 2023-06-01 742680154 ALT AFFORDABLE HOUSING SERVICES INC - ARBOR PLACE ALTA 2108214363 3419 NACOGDOCHES ROAD SAN ANTONIO TX 78217 JERRY DU TERROIL AUTHORIZED SIGNER 2108214363 2024-11-13 1 0 MICHAEL S CELKIS CPA P01296719 5124949100 2024-11-12 2023 2024-10-15 13:58:12Z JERRY DU TERROIL 3419 NACOGDOCHES ROAD SAN ANTONIO TX 78217 0 0 X WWW.PROSPERAHCS.ORG X 1993 TX PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS. 4 4 0 0 0 0 0 0 5146 0 163 0 0 0 5309 0 0 0 0 0 18000 10500 0 0 0 81115 52210 99115 62710 -93806 -62710 323705 439001 84024 262030 239681 176971 X AS A NONPROFIT CORPORATION, PROVIDE AFFORDABLE HOUSING TO VERY LOW, LOW, AND MODERATE-INCOME INDIVIDUALS. IT IS OUR DUTY AND RESPONSIBILITY TO PROVIDE A CLEAN, SAFE ENVIRONMENT THAT OUR RESIDENTS CAN FEEL PROUD TO CALL HOME. 0 0 12034 0 THE ORGANIZATION CONTINUED ITS PRIMARY ACTIVITY OF OWNING AND OPERATING THE ARBOR PLACE APARTMENTS, AN 84-UNIT APARTMENT COMPLEX LOCATED IN SAN ANTONIO, TEXAS. THE ORGANIZATION CONTINUED TO PROVIDE LOW-INCOME HOUSING BY MAINTAINING PROPERTY OPERATIONS IN COMPLIANCE WITH CERTAIN MULTIFAMILY HOUSING REVENUE BONDS ISSED BY THE SAN ANTONIO HOUSING FINANCE CORPORATION IN 1995. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF VDC BABCOCK GP, LLC., WHICH IS THE .01% GENERAL PARTNER IN VDC BABCOCK, LP OPERATING AS LA RISA APARTMENTS (THE LRA PROJECT) IN SAN ANTONIO, TEXAS. THE LRA PROJECT PROVIDED 237 AFFORDABLE HOUSING UNITS TO VERY LOW-INCOME AND LOW-INCOME FAMILIES. THROUGH ITS OVERSIGHT OF THE PROJECT, THE ORGANIZATION CONTINUED TO PROVIDE LOW-INCOME HOUSING BY MAINTAINING PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF THE U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE ORGANIZATION HAD PREVIOUSLY RECEIVED FUNDING FOR PROPERTY ACQUISITION AND RECONSTRUCTION FROM THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) AS PART OF A LOW INCOME HOUSING TAX CREDIT PROGRAM. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF THE HUD AND TDHCA. TO ENSURE THE AVAILABILITY OF TAX CREDITS TO INVESTORS AS GOVERNED BY THE INTERNAL REVENUE SERVICE, MAINTAINED COMPLIANCE WITH INTERNAL REVENUE CODE SECTION 42. THE ORGANIZATION CONTINUED TO PROVIDE PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS. 12034 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X JERRY DU TERROIL 2108214326 3419 NACOGDOCHES ROAD SAN ANTONIO TX 782176397 JERRY DU TERROIL EXECUTIVE DIRECTOR 2.50 X X 10500 0 0 JERRY BOLES VICE PRESIDENT/SECRETARY 0.50 X X 0 0 0 EDDIE HEINEMEIER PRESIDENT 0.50 X X 0 0 0 HULEN JACKSON TREASURER 0.50 X X 0 0 0 10500 0 0 0 0 0 0 0 0 0 0 0 10500 10500 13879 13879 167 167 1630 1630 OTHER EXPENSES 36534 1534 35000 62710 12034 50676 0 105821 78451 209869 351381 484 1648 7531 7521 323705 439001 24024 50030 60000 212000 84024 262030 X 239681 176971 239681 176971 323705 439001 -62710 0 X X 0 1 X 1 0 X 1002888 648799 488549 5146 2145382 1002888 648799 488549 5146 2145382 0 0 0 2145382 1002888 648799 488549 5146 2145382 1.00000 1.00000 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 0 DUE TO AFFILIATES 212000 212000 X PART X, LINE 2: ALT HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. DUE TO ITS TAX EXEMPT STATUS, ALT IS NOT SUBJECT TO INCOME TAXES. THE COMPANY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE COMPANY HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR IS CHARGED WITH THE TIMELY AND ACCURATE PREPARATION OF THE ANNUAL FORM 990. AN INDEPENDENT CPA FIRM PREPARES A DRAFT OF THE FORM 990. THE ORGANIZATION EXECUTIVE DIRECTOR AND MANAGEMENT STAFF REVIEW THE DRAFT. THE DRAFT IS THEN SUBMITTED TO THE ORGANIZATION BOARD OF DIRECTORS. UPON ACCEPTANCE BY THE BOARD, THE EXECUTIVE DIRECTOR SIGNS THE FINAL FORM 990 AND IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY HAS BEEN IN PLACE FOR SEVERAL YEARS. IF THERE IS A CONFLICT OF INTEREST, THE BOARD IS MADE AWARE OF THIS, AND THE BOARD MEMBER INVOLVED DOES NOT SPEAK OR VOTE ON THOSE RELATED ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION HAS BEEN DETERMINED BY INDUSTRY STANDARDS, PERFORMANCE, AND LONGEVITY. COMPENSATION FOR CORPORATE OFFICERS OR KEY EMPLOYEES HAS BEEN DETERMINED BY EITHER THE EXECUTIVE DIRECTOR OR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE VIEWED BY THE PUBLIC AT THE CORPORATE OFFICE. THE ANNUAL FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE. VDC BABCOCK LP 4733 COLLEGE PARK STE 200 SAN ANTONIO TX 78249 273673433 LOW INCOME HO TX VDC BABCOCK GP RENTAL INCOME -31 1874 0 1 0.00010 VDC BABCOCK GP LLC 4733 COLLEGE PARK STE 200 SAN ANTONIO TX 78249 273673341 GP OF VDC BAB TX ALT AFFORDABLE C -31 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0