2025-01-31T10:57:31-08:00 2024-09-30 263548566 M GROUP LLP 515 W SOUTHLAKE BLVD Ste 150 SOUTHLAKE TX 76092 990 2023-10-01 731072591 MANGUM GOLDEN AGE APARTMENTS INC MANG 8174882077 3126 S BOULEVARD BOX 342 EDMOND OK 73013 STEWART GROUNDS OFFICER 2025-01-31 true true MICHAEL C MARTIN P01421482 8178651360 2023 2025-03-06 01:10:19Z CHRIS R CHRISTIAN 448139 false X N/A X 1980 OK HUD REGULATED LOW INCOME HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED. 3 3 0 0 0 403548 447763 283 376 0 403831 448139 0 0 75921 105886 0 0 336556 335856 412477 441742 -8646 6397 1134673 1100868 1307149 1266947 -172476 -166079 HUD REGULATED LOW INCOME HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED. false false 441742 447763 HUD REGULATED LOW INCOME HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED. 441742 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 3 3 false true false false false false false true true false false true true true true true true false false false X ARNOLD GROUNDS 8174882077 920 S MAIN STREET SUITE 200 GRAPEVINE TX 76051 X CHRIS R CHRISTION President 1.00 0.00 X X 0 0 0 CHRIS BERRY Vice President 1.00 0.00 X X 0 0 0 TODD GILPATRICK Treasurer 1.00 0.00 X X 0 0 0 STEWART GROUNDS CFO 1.00 0.00 X X 0 0 0 0 false false false 0 0 RENTAL REVENUE 531110 447763 447763 447763 376 376 0 0 0 0 0 0 0 0 448139 448139 0 0 0 0 0 0 94525 94525 0 1892 1892 9469 9469 20049 20049 108 108 9552 9552 0 0 0 9520 9520 8255 8255 15256 15256 0 0 0 0 0 0 64895 64895 0 82177 82177 18382 18382 Utilities 60633 60633 REPAIRS AND MAINTENANCE 41313 41313 Garbage and Trash Removal 3934 3934 Bad Debt 1782 1782 0 441742 441742 0 0 66795 40173 0 0 3476 2457 0 0 0 0 4396 21941 1998401 1622675 397128 375726 0 0 0 0 662878 660571 1134673 1100868 44236 27000 1233919 1217258 28994 22689 1307149 1266947 X -172476 -166079 -172476 -166079 1134673 1100868 6397 X false true X true true true X 0 391455 403548 447763 1242766 0 0 0 391455 403548 447763 1242766 0 0 1242766 146 283 376 805 0 146 283 376 805 0 0 391601 403831 448139 1243571 0.99940 0.99960 0.00060 0.00040 X 75668 75668 1040703 887047 153656 633394 494274 139120 248636 241354 7282 375726 Restricted Cash 660571 660571 Accrued interest on loan 4779 ACCRUED MANAGEMENT FEE 1874 Accrued wages 2900 PREPAID RENT 5922 SECURITY DEPOSIT LIABILITY 7214 22689 X 448139 448139 448139 441742 441742 441742 Part X : FIN48 Footnote The rules governing uncertainty in income taxes for nonpublic enterprises require additional disclosures for situations, if any, where the Corporations tax positions are considered uncertain. This did not have a material effect on the Corporations results of operations or financial position. Form 990, Part VI, Section A, Line 3 BOARD OF DIRECTORS HAS HIRED A THIRD PARTY PROPERTY MANAGEMENT FIRM THE PROPERTY MANAGEMENT FIRM CONDUCTS THE DAILY BUSINESS OF THE PROPERTY AND HELPS TO ENSURE COMPLIANCE WITH THE SECTION 223(f) and Section 8 HOUSING CONTRACT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE 3RD PARTY MANAGEMENT FIRM HAS BEEN APPROVED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE BOARD OF DIRECTORS PHYSICALLY MEETS WITH A REPRESENTATIVE OF THE PROPERTY MANAGEMENT FIRM QUARTERLY. Form 990, Part VI, Section B, Line 11b THE COMPLETED DOCUMENTS ARE SUBMITTED BY THE THIRD PARTY TAX PREPARER WITH THE FINANCIAL STATEMENT AUDIT TO THE PRESIDENT OF THE BOARD. THE PRESIDENT OF THE BOARD THEN PRESENTS THE DOCUMENTS TO THE OTHER BOARD MEMBERS FOR REVIEW AND COMMENT. IF ANY QUESITON ARISE THE BOARD CONTACTS THE THIRD PARTY PREPARER AND THE MANAGEMENT AGENT. IF NEEDED THE BOARD HAS THE PREPARERS AND MANAGEMENT AGENT ATTEND A SPECIAL MEETING TO FURTHER CLEAR ANY CONCERNS THAT ARE EXPRESSED. Form 990, Part VI, Section B, Line 12c THE BOARD OF DIRECTORS FOLLOWS THE WRITTEN CONFLICT OF INTEREST POLICY AS PROMULAGATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THIS WRITTEN POLICY IS FOUND IN THE DEPARTMENT OF HOUSING AND URBAN DEVELOPEMENT FORM 9839B AND CONTAINS ALL PERTINENT RULES AND PROCEDURES TO PREVENT CONFLICT OF INTREEST AND TO IDENTIFY IDENTITIES OF ASSOCIATIONS THAT MAY BE CONSIDERED AS EITHER A CONFLICT OR IDENTITY OF INTEREST. MEMBERS ARE REQUIRED TO DISCLOSE ANY BUSINESS INTEREST OR ASSOCIATIONS THAT MAY BE CONSIDERED AS EITHER A CONFLICT OR IDENTITY OF INTEREST MEMBERS ARE REQUIRED TO DISCLOSE ALL RELEVANT FACTS PRIOR TO THEIR INVOLVEMENT IF SUCH FACTS ARE DETERMINED TO BE IN CONFLICT, THE MEMBER MUST RESIGN EFFECTIVE IMMEDIATELY. Form 990, Part VI, Section C, Line 19 ALL ORGANIZATIONAL DOCUMENTS AND FINANCIAL INFORMATION ARE SUBMITTED TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THEIR REVIEW AND APPROVAL. THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT IS REQUIRED TO RELEASE THESE DOCUMENTS TO INTERESTED PARTIES UNDER THE FREEDOM OF INFORMATION ACT.