2026-02-25T14:36:48-06:00 2024-12-31 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-01-01 581539345 GOOD NEWS II OF STATESVILLE INC GOOD 3362491836 410 KINGS GRANT COURT STATESVILLE NC 28677 RHYNE SCOTT PRESIDENT 3362491836 2026-01-31 1 1 REBECCA FISHER P01690017 7044993893 2026-01-31 2024 2025-03-06 01:10:19Z KINGS GRANT II APARTMENTS RHYNE SCOTT 410 KINGS GRANT COURT STATESVILLE NC 28677 423478 0 X N/A X 1983 NC PROVIDE HOUSING TO QUALIFIED ELDERLY/HANDICAPPED PERSONS UNDER HUD SUPERVISED PROGRAMS. 14 14 0 14 0 0 188459 239556 198532 183922 0 0 19790 0 406781 423478 0 0 0 0 71944 85458 0 0 0 289337 281463 361281 366921 45500 56557 1250307 1240776 1554664 1464586 -304357 -223810 PROVIDE HOUSING TO QUALIFIED ELDERLY/HANDICAPPED PERSONS UNDER HUD SUPERVISED PROGRAMS. 0 0 271122 183922 PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD. 271122 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 1 X COMMUNITY MANAGEMENT CORPORATION 3362318122 PO BOX 25168 WINSTONSALEM NC 27114 X RHYNE SCOTT PRESIDENT 1.00 X X 0 0 0 BETH BUSH SECRETARY 1.00 X X 0 0 0 JUDY WATTS SECRETARY 1.00 X X 0 0 0 DICK SEARS INVESTMENT OFFICER 1.00 X X 0 0 0 ANNE HERSCHLER BOARD MEMBER 1.00 X 0 0 0 JEREMY CANNADA BOARD MEMBER 1.00 X 0 0 0 BRYAN GEORGE BOARD MEMBER 1.00 X 0 0 0 HARRIET MAUZE BOARD MEMBER 1.00 X 0 0 0 NATE MCELWEE BOARD MEMBER 1.00 X 0 0 0 SUEZI LONG BOARD MEMBER 1.00 X 0 0 0 CAREY PARKER BOARD MEMBER 1.00 X 0 0 0 JOY MORRISON BOARD MEMBER 1.00 X 0 0 0 KIM AUSTIN BOARD MEMBER 1.00 X 0 0 0 DYCIE WALTON BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 239556 239556 TENANT RENT REVENUE 531110 181389 181389 TENANT CHARGES 531110 2533 2533 183922 423478 183922 0 0 72914 37978 34936 860 860 6002 6002 5682 5682 31710 31710 126 126 9400 9400 34981 26241 8740 10416 10416 89676 89676 40084 40084 25633 25633 SUPPLIES 6043 6043 BAD DEBT 471 471 32923 32923 366921 271122 95799 0 6462 33724 0 3422 4010 22990 28382 2559274 2095727 503628 463547 121065 133087 -11568 604308 578026 1250307 1240776 50372 16651 5408 2281 19297 19736 1473802 1425918 5785 0 1554664 1464586 X -411625 -331078 107268 107268 -304357 -223810 1250307 1240776 56557 12420 11570 0 X 0 1 X 1 1 1 X 233549 231667 188459 239556 893231 233549 231667 188459 239556 893231 893231 32237 50027 28765 13766 124795 664 414 1078 1019104 1118030 0.87650 0.85820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 172184 172184 2266975 1977289 289686 120115 118438 1677 463547 REPLACEMENT RESERVE 342187 C DEBT SERVICE SAVINGS 187426 C ESCROW DEPOSITS 5025 C RESIDUAL RECEIPTS SAVINGS 23652 C TENANT SECURITY DEPOSITS 19736 C 578026 X 435898 12420 12420 423478 0 423478 366921 0 366921 0 366921 PART IV, LINE 2B: TENANT SECURITY DEPOSITS ARE DEPOSITED IN A SEPARATE BANK ACCOUNT AS REQUIRED BY HUD. THE BALANCE OF THIS ACCOUNT MUST EQUAL OR EXCEED THE TOTAL LIABILITY TO TENANTS FOR THOSE DEPOSITS PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AN ENTITY MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH POSITIONS TAKEN ON ITS TAX RETURNS WHEN IT IS MORE LIKELY THAN NOT THAT THOSE POSITIONS WILL BE SUSTAINED. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRING THE RECOGNITION OF A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION FILES AN ANNUAL INFORMATION RETURN ONLY. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S TAX YEARS BEGINNING WITH 2022 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT HAS CONTRACTED WITH COMMUNITY MANAGEMENT CORPORATION TO MANAGE ALL DAY -TO-DAY OPERATIONS OF THE APARTMENT COMPLEX. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW, APPROVAL, AND SIGNATURE PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST KINGS GRANT COURT LIMITED PARTNERSHIP 410 KINGS GRANT COURT STATESVILLE NC 28677 561712149 RENTAL NC RELATED 30745 177570 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0