2025-01-15T09:14:51-06:00 2024-06-30 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-07-01 586074196 DECATUR CHURCH OF CHRIST SENIOR HOUSING INC DECA 4043775507 1438 CHURCH STREET DECATUR GA 30030 MONICA BRADSHAW TREASURER 4046676417 2025-01-15 1 1 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z JOAN COOPER 1438 CHURCH STREET DECATUR GA 30030 4497343 0 X WWW.CHRISTIANTOWERS.COM X 1968 GA THE ORGANIZATION OPERATES TWO HUD ASSISTED AND REGULATED APARTMENT COMMUNITIES (DECATUR CHRISTIAN TOWERS AND GWINNETT CHRISTIAN TERRACE) PROVIDING AFFORDABLE HOUSING TO LOW INCOME ELDERLY AND DISABLED PERSONS. 14 14 33 2 0 0 5746 29077 4239613 4409775 14291 29882 48560 28609 4308210 4497343 0 0 0 0 1233098 1340227 0 0 0 3369459 3510710 4602557 4850937 -294347 -353594 16740304 16135775 13886399 13636098 2853905 2499677 PROVIDING HOUSING FOR ELDERLY AND DISABLED PERSONS BY OPERATING TWO HUD ASSISTED AND REGULATED APARTMENT COMMUNITIES (DECATUR CHRISTIAN TOWERS AND GWINNETT CHRISTIAN TERRACE) PROVIDING AFFORDABLE HOUSING TO LOW INCOME ELDERLY AND DISABLED PERSONS. 0 0 4695125 4438384 PROVIDED HOUSING FOR ELDERLY AND DISABLED PERSONS BY OPERATING TWO HUD ASSISTED AND REGULATED APARTMENT COMMUNITIES (DECATUR CHRISTIAN TOWERS WITH 216 UNITS AND GWINNETT CHRISTIAN TERRACE WITH 125 UNITS) PROVIDING AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS. 4695125 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 0 1 9 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X SHARON KEMP 4043775507 1438 CHURCH STREET DECATUR GA 30030 X SHANNON SHAKKOUR DIRECTOR 2.00 X 0 0 0 JO ANNE STUBBLEFIELD VICE PRESIDENT 2.00 X X 0 0 0 SABRINA MACDONALD SECRETARY 2.00 X X 0 0 0 MONICA BRADSHAW TREASURER 2.00 X X 0 0 0 CHRIS ARMSTEAD DIRECTOR 2.00 X 0 0 0 JOAN COOPER PRESIDENT 2.00 X X 0 0 0 CAROLINE FREEMAN DIRECTOR 2.00 X 0 0 0 JEFF HENDRICK DIRECTOR 2.00 X 0 0 0 SAMANTHA HARRIS DIRECTOR 2.00 X 0 0 0 JACOB BAKER DIRECTOR 2.00 X 0 0 0 DON MURRAY DIRECTOR 2.00 X 0 0 0 SHANE O'NEAL DIRECTOR 2.00 X 0 0 0 JOHN TIPPINS DIRECTOR 2.00 X 0 0 0 DWAYNE WYLDS DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 29077 29077 RENT REVENUE 531110 4388919 4388919 LAUNDRY AND VENDING 531110 20856 20856 4409775 29882 29882 MISCELLANEOUS REVENUE 531110 28609 28609 28609 4497343 4438384 0 29882 1110645 1110645 13941 13941 129989 129989 85652 85652 2500 2500 108 108 18750 18750 2306 2306 93124 93124 35323 35323 533408 533408 15452 15452 461169 461169 1138798 1138798 247777 247777 REPAIRS AND MAINTENANCE 755082 755082 MISCELLANEOUS ADMINISTR 119002 119002 SECURITY 73112 73112 OTHER RENTING EXPENSES 14799 14799 4850937 4695125 155812 0 221142 280618 3201254 1566660 5444 5189 106474 107513 28599908 16183066 10105910 12416842 613827 588352 2486253 1170601 16740304 16135775 223465 210822 13350 9074 13468512 13238571 181072 177631 13886399 13636098 X 2853905 2499677 2853905 2499677 16740304 16135775 -353594 -634 0 X X 0 1 X 1 1 1 X 6176 171673 4967 5746 29077 217639 3820410 3997240 4155311 4288173 4438384 20699518 3826586 4168913 4160278 4293919 4467461 20917157 0 0 0 20917157 13019 9818 1155 14291 29882 68165 13019 9818 1155 14291 29882 68165 3839605 4178731 4161433 4308210 4497343 20985322 0.99680 0.99750 0.00320 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 272230 272230 25714282 14645735 11068547 2613396 1537331 1076065 12416842 TENANT SECURITY DEPOSITS 183938 REPLACEMENT RESERVE 818317 STATE UNEMPLOYMENT SECURITY DEPOSITS 15737 ESCROW DEPOSITS 146486 OPERATING DEFICIT RESERVE 6123 1170601 TENANT SECURITY DEPOSITS 174432 CAPITAL LEASE OBLIGATION 3199 177631 X 4497343 0 4497343 0 4497343 4851571 634 634 4850937 0 4850937 PART X, LINE 2: THE CORPORATION IS CLASSIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX PROVISIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. FASB ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CORPORATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IF CHALLENGED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE YEAR DETERMINED. THE CORPORATION IS UNAWARE OF ANY MATERIAL TAX POSITIONS THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD AS OF JUNE 30, 2024 AND 2023. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED LOSSES 634. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING (CPA) FIRM. THE CPA FIRM PROVIDES THE DRAFT RETURN TO THE BOARD TREASURER FOR BOARD REVIEW. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD ARE ADDRESSED, THE FINAL APPROVED VERSION OF THE RETURN IS PROVIDED TO THE BOARD TREASURER FOR SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A EACH RENTAL COMMUNITY HAS AN EXECUTIVE ADMINISTRATOR. THE COMPENSATION OF THE EXECUTIVE ADMINISTRATORS, AS WELL AS OTHER EMPLOYEES, IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS AS PART OF THE PREPARATION AND APPROVAL OF THE HUD-REQUIRED OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MAINTAINED AT THE DECATUR CHRISTIAN TOWERS ADMINISTRATIVE OFFICE AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN OVERSIGHT PROCESS OR SELECTIONS PROCESS DURING THE TAX YEAR. GWINNETT CHRISTIAN TERRACE LLC 1438 CHURCH STREET DECATUR GA 30030 475568212 ELDERLY HOUSING GA 2496532 10529134 DECATUR CHURCH OF CHRIST SENIOR HOUSING INC DECATUR CHRISTIAN TOWERS LLC 1438 CHURCH STREET DECATUR GA 30030 814003412 ELDERLY HOUSING GA 1950348 4020894 DECATUR CHURCH OF CHRIST SENIOR HOUSING INC