2025-07-29T11:09:34-05:00 2024-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2024-01-01 626050949 METRO NASHVILLE TEACHERS' APARTMENTS INC METR 6152977536 2209 ABBOTT MARTIN ROAD NASHVILLE TN 37215 WARREN SMITH III CHAIRPERSON 6156041757 2025-07-29 1 1 KATIE GRANT CPA P01256587 6152427351 2025-07-29 X 2024 2025-03-06 01:10:19Z WARREN SMITH III 3810 BEDFORD AVENUE SUITE 300 NASHVILLE TN 37215 1411747 0 X N/A X 1967 TN TO PROVIDE INDEPENDENT AFFORDABLE HOUSING FOR SENIORS 62 AND OLDER. 8 8 0 8 0 0 0 0 1158246 1217436 36410 70355 82167 94857 1276823 1382648 0 0 0 0 0 202440 0 0 0 889163 818385 889163 1020825 387660 361823 5798682 6076745 811788 728028 4986894 5348717 TO PROVIDE A HIGH QUALITY RESIDENTIAL EXPERIENCE FOR LOWER INCOME SENIOR CITIZENS AT THE MOST AFFORDABLE RATES POSSIBLE. 0 0 950331 1235751 PROVIDED A HIGH QUALITY RESIDENTIAL EXPERIENCE FOR LOWER INCOME SENIOR CITIZENS AT THE MOST AFFORDABLE RATES POSSIBLE BY OPERATING A 136-UNIT APARTMENT COMPLEX IN NASHVILLE, TENNESSEE. 950331 1 0 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 TN X MATT OLSEN - FREEMAN WEBB COMPANY 6152712732 3810 BEDFORD AVENUE SUITE 300 NASHVILLE TN 37215 X X WARREN D SMITH III CHAIRPERSON 2.00 X X 0 0 0 DAVID RAWLINGS VICE-CHAIR 2.00 X X 0 0 0 ROBERT H NAPIER TREASURER 2.00 X X 0 0 0 STEVE DAVIS SECRETARY 2.00 X X 0 0 0 LUANNE PITTS WALTEMATH DIRECTOR 2.00 X 0 0 0 LEIGHTON LILES DIRECTOR 2.00 X 0 0 0 JAMES JIM CROSSMAN DIRECTOR 2.00 X 0 0 0 MANDY WACHTLER DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 FREEMAN WEBB 3810 BEDFORD AVE 300 NASHVILLE TN 37215 MANAGEMENT COMPANY 216261 1 RENTAL INCOME 531110 1161339 1161339 UTILITY INCOME 532000 32645 32645 TENANT CHARGES 532000 12916 12916 LAUNDRY AND VENDING 812300 10536 10536 1217436 70355 70355 105641 29099 76542 76542 76542 MISCELLANEOUS INCOME 900099 18315 18315 18315 1382648 1235751 0 146897 X 171510 156566 14944 2891 2746 145 15624 14844 780 12415 11794 621 21822 4821 17001 15084 15084 13759 13759 2193 2193 7908 2566 5342 535467 535467 21037 21037 123179 123179 61215 61215 BAD DEBT EXPENSE 9728 9728 MISCELLANEOUS EXPENSES 6993 4175 2818 1020825 950331 70494 0 166959 146494 1903216 2279921 18807 4056 47726 36029 6714314 3201724 3563675 3512590 98299 97655 5798682 6076745 46729 61083 7518 9011 665558 566595 91983 91339 811788 728028 X 4986894 5348717 4986894 5348717 5798682 6076745 361823 0 X X 0 1 X 1 0 X 1077051 1069860 1138554 1158246 1217436 5661147 135699 139530 140263 118942 123956 658390 1212750 1209390 1278817 1277188 1341392 6319537 2820 2820 66965 73450 68912 46007 41400 296734 69785 73450 68912 46007 41400 299554 6019983 15466 5097 9156 36410 70355 136484 15466 5097 9156 36410 70355 136484 1228216 1214487 1287973 1313598 1411747 6456021 0.93250 0.93600 0.02110 0.01540 X 78440 78440 6490033 3071219 3418814 110693 95357 15336 35148 35148 0 3512590 TENANT DEPOSITS HELD IN TRUST 91339 91339 X 1411747 0 1411747 -29099 -29099 1382648 1049924 29099 29099 1020825 0 1020825 PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COMMERCIAL RENTAL INCOME/EXPENSES -21,822. CELL TOWER RENTAL INCOME/EXPENSES -7,277. PART XII, LINE 2D - OTHER ADJUSTMENTS: COMMERCIAL RENTAL INCOME/EXPENSES 21,822. CELL TOWER RENTAL INCOME/EXPENSES 7,277. FORM 990, PART VI, SECTION A, LINE 2 DAVID RAWLINGS AND JIM CROSSMAN HAVE A BUSINESS RELATIONSHIP IN AN ENTITY UNRELATED TO THE ORGANIZATION. ADDITIONALLY, DAVID RAWLINGS AND LEIGHTON LILES HAVE A BUSINESS RELATIONSHIP UNRELATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO FREEMAN WEBB COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIRPERSON AND THE MANAGING AGENT OF THE MANAGEMENT COMPANY REVIEW THE DRAFT FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS HAVE TO SIGN A CONFLICT OF INTEREST STATEMENT. THEIR RESPONSES ARE MONITORED ANNUALLY BY THE MANAGEMENT AGENT OF THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S OFFICE & NOTICE OF THIS IS POSTED IN THE LOBBY OF THE FACILITY. FORM 990, PART VIII, LINE 6A THE ORGANIZATION LEASES COMMERCIAL SPACE TO MULTIPLE TENANTS. THE SQUARE FOOTAGE OF THE COMMERCIAL SPACE IS LESS THAN 15% OF THE TOTAL SPACE AND THUS EXEMPT FROM REPORTING AS UNRELATED BUSINESS INCOME. FORM 990, PART IX, PAGE 10, COMPENSATION EXPENSES: THE ORGANIZATION USES A MANAGEMENT COMPANY THAT HAS EMPLOYEES THAT MANAGE AND PERFORM MAINTENANCE ON THE ORGANIZATION'S PROPERTY. THE ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR ANY SALARIES, PAYROLL TAXES & OTHER EMPLOYEE BENEFITS INCURRED FOR THESE INDIVIDUALS DURING THE TAX YEAR. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A BOARD OF DIRECTORS WHO APPROVES THE AUDIT FIRM. THE ORGANIZATION'S CHAIRPERSON OVERSEES THE ORGANIZATION'S FINANCIAL STATEMENTS. FORM 990, PART VII SECTION B, AND PART IX LINES 7-10 THE MANAGEMENT COMPANY LEASES EMPLOYEES TO THE ORGANIZATION. TOTAL PAYMENTS TO THE MANAGEMENT COMPANY ARE LISTED ON SECTION B OF PART VII. PER IRS INSTRUCTIONS, THE AMOUNTS PAID TO THE LEASED EMPLOYEES ARE PRESENTED ON LINES 5-10 ON PART IX AS IF THE ORGANIZATION PAID THEM DIRECTLY.