2025-02-28T09:01:08-06:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 561082871 ALPHA ARMS INC ALPH 7042285415 300 EAST JOHN STREET MATTHEWS NC 28105 RASHAD HINNANT CHAIRMAN 7042285415 2025-02-28 1 0 MEGAN RIDGLEY CPA P01317611 7044993893 2025-02-28 2023 2025-03-06 01:10:19Z RASHAD HINNANT 300 EAST JOHN STREET MATTHEWS NC 28105 839431 0 X N/A X 1973 NC TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. 10 10 0 10 0 0 626164 617175 235999 221680 141 187 1108 389 863412 839431 0 0 0 0 0 0 0 0 0 939298 903518 939298 903518 -75886 -64087 4531036 4408784 6203900 6145735 -1672864 -1736951 TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. 0 0 714457 222069 TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES BY OPERATING A 104-UNIT APARTMENT COMMUNITY. 714457 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 0 0 0 1 12 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X MULTIFAMILY SELECT INC 7042285415 300 EAST JOHN STREET SUITE 138 MATTHEWS NC 28105 X JIMMIE FORD CHAIRMAN 1.00 X X 0 0 0 LARRY JOHNSON DIRECTOR 1.00 X 0 0 0 HUGH JONES DIRECTOR 1.00 X 0 0 0 SAMUEL LLOYD SECRETARY 1.00 X X 0 0 0 NICKY WILLIAMS TREASURER 1.00 X X 0 0 0 RASHAD HINNANT DIRECTOR 1.00 X 0 0 0 JOHN STOKES DIRECTOR 1.00 X 0 0 0 EARL MOORE JR DIRECTOR 1.00 X 0 0 0 TARIK FISHER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER GRIFFIN DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 617175 617175 RENTAL INCOME 531110 213558 213558 LAUNDRY AND VENDING RE 531110 5593 5593 TENANT CHARGES 531110 2529 2529 221680 187 187 MISCELLANEOUS REVENUE 531110 389 389 389 839431 222069 0 187 X 55143 55143 374 374 29258 29258 7952 7952 14364 14364 76396 76396 176376 176376 151277 151277 74512 74512 MAINTENANCE PAYROLL REI 73944 73944 GARBAGE & TRASH REMOVAL 49293 49293 MANAGER SALARY REIMBURS 49202 49202 OTHER 49190 31504 17686 96237 73203 23034 903518 714457 189061 0 9631 8240 308912 261654 15452 75326 22636 22636 7835283 4003631 3957655 3831652 216750 209276 4531036 4408784 312293 367954 14971 14488 5812683 5697305 43527 43527 20426 22461 6203900 6145735 X -1672864 -1736951 -1672864 -1736951 4531036 4408784 -64087 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41291 41291 6897449 3170314 3727135 192703 170202 22501 703840 663115 40725 3831652 TENANT DEPOSITS HELD IN TRUST 22461 22461 X 839431 0 839431 0 839431 903518 0 903518 0 903518 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 2024. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TOMULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX ISREGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TORENT 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 THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING FORM 990, PART VI, SECTION C, LINE 19 THE INFORMATION IS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 26,968. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,968. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,750. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 18,504. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,504. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 15,238. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,238. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 12,493. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,493. OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,284. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,284.