2026-08-21T07:41:37-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2025-01-01 626050949 METRO NASHVILLE TEACHERS' APARTMENTS INC METR 6152977536 2209 ABBOTT MARTIN ROAD NASHVILLE TN 37215 WARREN SMITH III CHAIRPERSON 6156041757 2026-08-20 1 KERRI N BOGDA P00760402 7177404863 2026-08-20 2025 2025-03-06 01:10:19Z WARREN SMITH III 3810 BEDFORD AVE STE 300 NASHVILLE TN 37215 1375405 0 X N/A X 1967 TN TO PROVIDE INDEPENDENT AFFORDABLE HOUSING FOR SENIORS 62 AND OLDER. 7 7 0 7 0 0 0 0 1217436 1199094 70355 74621 94857 72524 1382648 1346239 0 0 0 0 202440 204529 0 0 0 818385 778682 1020825 983211 361823 363028 6076745 6325800 728028 614055 5348717 5711745 TO PROVIDE A HIGH QUALITY RESIDENTIAL EXPERIENCE FOR LOWER INCOME SENIOR CITIZENS AT THE MOST AFFORDABLE RATES POSSIBLE. 0 0 882446 1199094 THE ORGANIZATION PROVIDES A HIGH QUALITY RESIDENTIAL EXPERIENCE FOR LOWER INCOME SENIOR CITIZENS AT THE MOST AFFORDABLE RATES POSSIBLE BY OPERATING A 136-UNIT APARTMENT COMPLEX IN NASHVILLE, TENNESSEE. 882446 1 0 0 0 0 0 0 0 1 0 1 0 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 TN X MATT OLSEN - FREEMAN WEBB COMPANY 6152712732 3810 BEDFORD AVENUE SUITE 300 NASHVILLE TN 37215 X X WARREN D SMITH III CHAIRPERSON 2.00 0.00 X X 0 0 0 STEVE DAVIS SECRETARY 2.00 0.00 X X 0 0 0 ROBERT H NAPIER TREASURER 2.00 0.00 X X 0 0 0 DAVID RAWLINGS DIRECTOR 2.00 0.00 X 0 0 0 LUANNE PITTS WALTERMATH DIRECTOR 2.00 0.00 X 0 0 0 LEIGHTON LILES DIRECTOR 2.00 0.00 X 0 0 0 JAMES JIM CROSSMAN DIRECTOR 2.00 0.00 X 0 0 0 MANDY WACHTLER DIRECTOR 2.00 0.00 X 0 0 0 0 0 0 0 0 0 0 FREEMAN WEBB 3810 BEDFORD AVE 300 NASHVILLE TN 37215 MANAGEMENT COMPANY 205612 1 RENTAL INCOME 531110 1167665 1167665 LAUNDRY AND VENDING 812300 11615 11615 UTILITY INCOME 532000 10990 10990 TENANT CHARGES 532000 8824 8824 1199094 74621 74621 101690 29166 72524 72524 72524 1346239 1199094 0 147145 X 172027 157688 14339 2990 2741 249 16091 14750 1341 13421 12302 1119 67426 13821 53605 16035 16035 3051 3051 2003 2003 13410 2384 11026 450559 450559 12454 12454 123115 123115 79916 79916 BAD DEBT EXPENSE 8432 8432 RESIDENT/TENANT RELAT. 2281 2281 983211 882446 100765 0 146494 102053 2279921 2654542 4056 3164 36029 63489 6746464 3342117 3512590 3404347 97655 98205 6076745 6325800 61083 51367 9011 9626 91339 94013 566595 459049 728028 614055 X 5348717 5711745 5348717 5711745 6076745 6325800 363028 0 X 0 1 X 1 0 X 1069860 1138554 1158246 1217436 1199094 5783190 139530 140263 118942 123956 522691 1209390 1278817 1277188 1341392 1199094 6305881 0 73450 68912 46007 41400 229769 73450 68912 46007 41400 229769 6076112 5097 9156 36410 70355 176311 297329 5097 9156 36410 70355 176311 297329 1214487 1287973 1313598 1411747 1375405 6603210 0.92020 0.93250 0.04500 0.02110 X SCHEDULE A, PART III, LINES 3, 10A, AND 7B IN PREPARING THE 2025 FORM 990, THE ORGANIZATION REVIEWED THE CLASSIFICATION OF RENTAL INCOME RECEIVED FROM COMMERCIAL TENANTS AND DETERMINED THAT SUCH INCOME IS PROPERLY REPORTABLE AS GROSS INCOME ON SCHEDULE A, PART III, LINE 10A. IN PRIOR YEARS, SUCH AMOUNTS HAD BEEN REPORTED ON LINE 3 AND INCLUDED IN THE CALCULATION OF AMOUNTS REPORTED ON LINE 7B. BEGINNING WITH 2025, THE ORGANIZATION REPORTS SUCH COMMERCIAL RENTAL INCOME ON LINE 10A AND HAS EXCLUDED SUCH AMOUNTS FROM THE LINE 7B CALCULATION. CONSISTENT WITH THE SCHEDULE A INSTRUCTIONS, AMOUNTS PRESENTED FOR PRIOR YEARS HAVE BEEN CARRIED FORWARD AS PREVIOUSLY REPORTED. 0 1 X 78440 78440 6522183 3208004 3314179 110693 98965 11728 35148 35148 0 3404347 X 1375405 0 1375405 -29166 -29166 1346239 1012377 29166 29166 983211 0 983211 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS IN TRUST FOR ITS TENANTS. SUCH DEPOSITS ARE HELD FOR THE BENEFIT OF THE RESPECTIVE TENANTS UNTIL APPLIED FOR AUTHORIZED PURPOSES IN ACCORDANCE WITH THE APPLICABLE LEASE AGREEMENTS OR RETURNED TO THE TENANTS. THE RELATED LIABILITY IS REPORTED ON FORM 990, PART X, LINE 21. PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: CELL TOWER RENTAL INCOME/EXPENSES -29,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: CELL TOWER RENTAL INCOME/EXPENSES 29,166. FORM 990, PART VI, SECTION A, LINE 2 DAVID RAWLINGS AND JIM CROSSMAN HAVE A BUSINESS RELATIONSHIP IN AN ENTITY UNRELATED TO THE ORGANIZATION. ADDITIONALLY, DAVID RAWLINGS AND LEIGHTON LILES HAVE A BUSINESS RELATIONSHIP UNRELATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO FREEMAN WEBB COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIRPERSON AND THE MANAGING AGENT OF THE MANAGEMENT COMPANY REVIEW FORM 990 AND DISTRIBUTE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S OFFICE & NOTICE OF THIS IS POSTED IN THE LOBBY OF THE FACILITY. FORM 990, PART VIII, LINE 6A THE ORGANIZATION LEASES COMMERCIAL SPACE TO MULTIPLE TENANTS. THESE TENANT(S) ARE COMPLETELY UNRELATED TO BOARD MEMBERS, THEREFORE ARMS-LENGTH. THE SQUARE FOOTAGE OF THE COMMERCIAL SPACE IS LESS THAN 15% OF THE TOTAL SPACE AND THUS EXEMPT FROM REPORTING AS UNRELATED BUSINESS INCOME. FORM 990, PART IX, PAGE 10, COMPENSATION EXPENSES: THE ORGANIZATION USES A MANAGEMENT COMPANY THAT HAS EMPLOYEES THAT MANAGE AND PERFORM MAINTENANCE ON THE ORGANIZATION'S PROPERTY. THE ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR ANY SALARIES, PAYROLL TAXES & OTHER EMPLOYEE BENEFITS INCURRED FOR THESE INDIVIDUALS DURING THE TAX YEAR. THE MANAGEMENT COMPANY IS WHOLLY UNRELATED TO ANY BOARD MEMBERS.