2025-02-17T17:25:47-06:00 2023-12-31 262480865 Gillon Christian Mosby PLLC PO Box 1103 Natchez MS 39121 990 2023-01-01 640693592 Matthews Retirement Center John and David MATT 6017148350 702 Alexander Street 065-11071-NP Indianola MS 38751 Lacy Harrell President 6017148350 2025-02-04 1 0 Deanne Tanksley P01353711 6014466681 2025-02-04 2023 2025-03-06 01:10:19Z Lacy Harrell 702 Alexander Street Indianola MS 38751 399143 0 X N/A X 1986 MS To provide low-income housing to the elderly and/or handicapped under Section 202 of the National Housing Act. 2 0 0 0 0 0 0 0 422379 392581 4621 6562 0 0 427000 399143 0 0 0 0 104351 118515 0 0 0 289667 330128 394018 448643 32982 -49500 1147045 1083223 1600185 1585863 -453140 -502640 To provide 50 HUD subsidized housing units to qualified low-income tenants. 0 0 382816 399143 To provide low-income housing to the elderly or handicapped under Section 202 of the National Housing Act. 382816 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X United Management and Development Inc 6626245200 89 Delta Avenue Suite 101 Clarksdale MS 38614 X Lacy Harrell President 2.00 X X 0 0 0 Vivian Johnson Vice President 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 Tenant rent and subsid 532000 390547 390547 Other tenant charges 532000 2034 2034 392581 6562 6562 399143 399143 0 0 118515 110163 8352 26726 26726 85 85 11700 11700 206 206 15079 15079 63291 63291 3679 3679 63788 63788 60439 60439 32165 32165 Maintenance/Repair Cont 27302 27302 Other service expenses 13500 13500 Maintenance/Repair Supp 5938 5938 Pest Control 2969 2969 3261 3261 448643 382816 65827 0 27653 229 423882 421490 0 19949 25500 28965 2287188 1675133 669475 612055 535 535 1147045 1083223 20479 31736 1557362 1518472 22344 35655 1600185 1585863 X -453140 -502640 -453140 -502640 1147045 1083223 -49500 0 X 0 1 X 1 1 1 X 293039 292837 299210 297482 264742 1447310 293039 292837 299210 297482 264742 1447310 1447310 1573 436 767 4621 6562 13959 1461269 0.99040 0.99390 X 209422 209422 1731704 1329071 402633 346062 346062 0 612055 Security deposit liability 8929 Accrued managment fees 26726 35655 X Part X, Line 2: Income Taxes As John and David Matthews Retirement Center II is a tax-exempt entity under the Internal Revenue Code Section 501(c)(3), neither the Project nor its not-for-profit corporate owner is subject to federal and state income taxes. There were no uncertain tax positions identified related to the current year and the Organization has no unrecognized tax benefits at May 31, 2024 and 2023, for which liabilities have been established. The Organization recognizes interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense. Form 990, Part VI, Section A, line 3 With approval from HUD, the Organization entered into a property management contract. The managing agent has agreed to rent, operate, and maintain the project on behalf of the Organization for a fee of 7% of gross collections. Form 990, Part VI, Section A, line 8a The Organization is a HUD subsidized housing project managed by an independent management company and the board does not meet except in times of emergencies. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Organization provides the Form 990 to its governing body for their review before the information return is filed. Form 990, Part VI, Section C, line 19 The Organization makes it governing documents and financial statements available to the public upon request.