2025-08-13T11:41:56-05:00 2024-09-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-10-01 560988617 LUMBER RIVER HOUSING DEVELOPMENT INCORPORATED LUMB 9108147338 1000 PARKVIEW DRIVE LUMBERTON NC 28358 REV JERRY STEPHENS PRESIDENT 9108147338 2025-08-11 1 1 REBECCA FISHER P01690017 7044993893 2025-08-11 2023 2025-03-06 01:10:19Z PARKVIEW TERRACE APARTMENTS REV JERRY STEPHENS 1000 PARKVIEW DRIVE LUMBERTON NC 28358 809166 0 X N/A X 1968 NC PROVIDE HOUSING TO QUALIFIED LOW TO MODERATE INCOME FAMILIES UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD. 8 8 0 8 0 0 556516 571084 245118 237147 227 325 7635 610 809496 809166 0 0 0 0 180785 170349 0 0 0 473828 531048 654613 701397 154883 107769 1082450 1178667 1267929 1256374 -185479 -77707 PROVIDE HOUSING TO QUALIFIED LOW TO MODERATE INCOME FAMILIES UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD. 0 0 481643 237757 PROVIDE HOUSING TO QUALIFIED LOW TO MODERATE INCOME FAMILIES UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD. 481643 1 1 0 0 0 0 0 0 0 0 1 0 1 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 10 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 0 0 0 0 NC X MULTIFAMILY SELECT INC 8557917371 300 EAST JOHN STREET STE 138 MATTHEWS NC 28105 X REV JERRY STEPHENS PRESIDENT 1.00 X X 0 0 0 DR THOMAS JONES VICE PRESIDENT 1.00 X X 0 0 0 REV TYRONE WATSON CHAPLAIN 1.00 X X 0 0 0 REV JEROME BILLUPS MODERATOR 1.00 X X 0 0 0 REV SAMMY L SHROPSHIRE DIRECTOR 1.00 X 0 0 0 MICHAEL VAUGHAN DIRECTOR 1.00 X 0 0 0 MIN RENEE B GUINYARD DIRECTOR 1.00 X 0 0 0 REV VISTA JONES DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 571084 571084 RENTAL REVENUE 531110 233432 233432 TENANT RENTAL CHARGES 531110 1996 1996 LAUNDRY VENDING 531110 1719 1719 237147 325 325 MISCELLANEOUS 900099 610 610 610 809166 237757 0 325 X 136994 60744 76250 1560 1560 20022 20022 11773 11773 57467 57467 699 699 29546 29546 106232 94967 11265 21118 21118 27984 23300 4684 7980 7980 38370 38370 48423 48423 124037 124037 SUPPLIES 32343 32343 GARBAGE & TRASH REMOVAL 14423 14423 BAD DEBTS 9677 9677 INCENTIVE PERF. FEE 7768 7768 4981 3913 1068 701397 481643 219754 0 13261 31001 16997 15653 49212 53929 2966042 2543830 453114 422212 507441 633285 19611 0 22814 22587 1082450 1178667 288986 286925 9263 956169 938092 22774 22094 1267929 1256374 X -185479 -77707 -185479 -77707 1082450 1178667 107769 3 0 X 0 1 X 1 1 1 X 563446 525396 556516 571084 2216442 563446 525396 556516 571084 2216442 2216442 86 83 95 227 325 816 2217258 1619702 0.99960 0.99970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53877 53877 2261124 1966227 294897 540653 468157 72496 110388 109446 942 422212 RESERVE FOR REPLACEMENT 445434 C ESCROW DEPOSITS 187851 C 633285 TENNANT SECURITY DEPOSITS 22094 22094 X 809166 0 809166 0 809166 701397 0 701397 0 701397 PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), AN ENTITY MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S TAX YEARS ENDED SEPTEMBER 30, 2023, 2022, AND 2021 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS. THE ORGANIZATION FILES A TAX RETURN ANNUALLY FOR INFORMATIONAL PURPOSES ONLY. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS OF PARKVIEW TERRACE APARTMENTS HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC. TO MANAGE ALL DAY-TO-DAY OPERATIONS OF THE HOUSING COMPLEX. THE TERMS AND CONDITIONS OF THE CONTRACT ARE DETAILED IN THE MANAGEMENT AGREEMENT BETWEEN THE TWO PARTIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 94,967. MANAGEMENT AND GENERAL EXPENSES 11,265. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,232. FORM 990, PART IX, LINE 24E HEATING/COOLING R&M: PROGRAM SERVICE EXPENSES 2,608. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,608. MAINT. EQUIP. OPERATION: PROGRAM SERVICE EXPENSES 1,305. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,305. MISCELLANEOUS ADMIN EXP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,068. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,068.