2025-09-24T14:03:14-04:00 2025-06-30 621868414 FLEET FIRM 759 TEALWOOD LN CORDOVA TN 380186334 990 2024-07-01 311644449 INDEPENDENCE APARTMENTS INC INDE 5012800037 212 S MAIN STREET MALVERN AR 72104 CCARL SCHULTZ PRESIDENT 5012800037 2025-08-21 false NELSON K FLEET CPA P00121794 9013364602 2025-08-21 2024 2025-03-06 01:10:19Z CCARL SCHULTZ 212 S MAIN STREET MALVERN AR 72104 126982 false X X 1999 PROVIDE LOW-INCOME HOUSING TO FAMILIES LOCATED IN BATESVILLE, ARKANSAS UNDER U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT GUIDELINES. 3 3 0 0 0 123531 126920 130 62 0 123661 126982 0 0 22223 30245 0 0 99618 120794 121841 151039 1820 -24057 511324 485384 11221 9338 500103 476046 PROVIDE LOW-INCOME HOUSING TO FAMILIES LOCATED IN BATESVILLE, ARKANSAS UNDER U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT GUIDELINES. false false 116938 126920 PROVIDE LOW-INCOME HOUSING TO FAMILIES LOCATED IN BATESVILLE, ARKANSAS UNDER U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT GUIDELINES. 116938 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false true 7 0 true 0 false false false false false false false false X 3 3 true true false false false true false true true false false true true true true false false false false false X CCARL SCHULTZ 5012800037 212 S MAIN STREET MALVERN AR 72104 X CCARL SCHULTZ PRESIDENT X X 0 0 0 CYNTHIA WHEELER SECRETARY X X 0 0 0 JEFFREY OWENS TREASURER X X 0 0 0 false false false NET RENTAL REVENUE 531110 125240 125240 LAUNDRY AND VENDING REVENUE 1126 1126 TENANT CHARGES 554 554 126920 62 62 126982 126920 62 27852 27852 2393 2393 23193 23193 9789 9789 3321 3321 12441 12441 327 327 24652 24652 18397 18397 CONTRACTS-REHAB 6415 6415 MANAGEMENT/CONSULTING FEE 3800 3800 SUPPLIES - AUTO GAS 3192 3192 CONTRACTS-GROUNDS 3050 3050 12217 11425 792 151039 116938 34101 0 5544 169 81 955 14672 1010327 566004 468975 444323 36724 25265 511324 485384 6268 3781 203 956 4750 4601 11221 9338 X -419097 -443154 919200 919200 500103 476046 511324 485384 -24057 X false true X true true true X 110704 112581 118042 123531 126920 591778 110704 112581 118042 123531 126920 591778 591778 72 45 103 130 62 412 72 45 103 130 62 412 110776 112626 118145 123661 126982 592190 0.99930 0.99920 0.00000 0.00000 X 42130 42130 921321 522366 398955 40908 37670 3238 5968 5968 444323 RESERVE FOR REPLACEMENT 20188 SECURITY DEPOSIT CASH 4989 ESCROW ACCOUNTS 76 RESIDUAL RECEIPTS 12 25265 TEN SECURITY DEPOSITS HELD 4601 4601 126982 126982 126982 151039 151039 151039 AR CONSOLIDATE PAYROLL PROCESSING OWNER 38568 PAYROLL SERVICES false INTREPID INVESTMENTS INC OWNER 148 BACKGROUND CHECKS false INTREPID MANAGEMENT INC OWNER 1889 ADMIN SERVICES false INTREPID MANAGEMENT INC OWNER 23193 MANAGEMENT AGENT true CERTIFIED HEATING AIR BROTHER 1799 REPAIR SERVICES false SCHEDULE L, PART V C. CARL SHULTZ IS PRESIDENT OF THE ENTITY AND IS THE SOLE OWNER OF ARKANSAS CONSOLIDATED PAYROLL PROCESSING. SERVICES PROVIDED INCLUDE PAYROLL PROCESSING AND LEASING OF EMPLOYEES. C.CARL SCHULTZ AND CYNTHIA WHEELER ARE SIBLINGS AND OFFICERS OF THE ENTITY. THEY ARE OWNERS OF INTREPID INVESTMENTS, INC. AND INTREPID MANAGEMENT, INC. C. CARL SCHULTZ IS THE PRESIDENT OF THE ENTITY AND IS VICE PRESIDENT OF UNTIED PROPERTIES MANAGEMENT, INC. SERVICES PROVIDED INCLUDE REIMBURSED CENTRAL ADMINISTRATIVE SERVICES. FORM 990, PAGE 6, PART VI, LINE 2 C. CARL SCHULTZ CYNTHIA WHEELER PRESIDENT SECRETARY SIBLINGS C. CARL SCHULTZ JEFFREY OWENS PRESIDENT TREASURER EMPLOYER/EMPLOYEE FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD HAS DELEGATED MANAGEMENT CONTROL TO A MANAGEMENT COMPANY, INTREPID MANAGEMENT, INC. ALL DECISIONS EXCEPT REVIEW OF THE ANNUAL AUDIT AND FORM 990 TAX RETURN ARE MADE BY THE MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 7A THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE 3, WHO SHALL ELECT THEIR SUCCESSORS, IN THE EVENT OF A VACANCY, AND WHO SHALL ELECT THE OFFICERS OF THE CORPORATION. ALL DIRECTORS AND OFFICERS SHALL SERVE ONE YEAR TERMS, BUT SHALL SERVE UNTIL THEIR SUCCESSORS ARE ELECTED. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY A THRID PARTY CPA FIRM AND PROVIDED TO ALL MEMBERS OF THE BOARD FOR REVIEW AND SIGNATURE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD IS REQUIRED TO UPDATE AND DISCLOSE RELATED PARTY TRANSACTIONS IN THE ANNUAL AUDIT EACH YEAR AND SUBMIT TO 3RDPARTY GRANTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE NOT PROVIDED FOR PUBLIC ACCESS BUT CAN BE REVIEWED UPON REQUEST.