Civic Intelligence

Rosewood Cordele Development Inc.

EIN 27-1073169 • 501(c)3 • Smyrna, GA

Pub. 78 Eligible

Profile

To acquire, construct, own and operate a 56 unit rental housing facility for low-income residents known as rosewood estates located in cordele georgia.

2730 Cumberland BoulevardSmyrna, GA 30080

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.21x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

2.31x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

6th percentile

-51%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-2.9%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$6,398,496

Down $209,312 (-3.2%) from 2023

Liabilities

Up

$1,347,596

Up $91,371 (+7.3%) from 2023

Net Assets

Down

$5,050,900

Down $300,683 (-5.6%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin6th percentile

Revenue

Up

$584,350

Up $19,654 (+3.5%) from 2023

Expenses

Up

$885,033

Up $66,744 (+8.2%) from 2023

Net Income

Down

-$300,683

Down $47,090 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $9,882,999Liabilities 2011: $845,461Net Assets 2011: $9,037,5382011Assets 2012: $9,565,286Liabilities 2012: $874,903Net Assets 2012: $8,690,3832012Assets 2013: $9,267,871Liabilities 2013: $861,024Net Assets 2013: $8,406,8472013Assets 2014: $8,982,855Liabilities 2014: $888,344Net Assets 2014: $8,094,5112014Assets 2015: $8,745,439Liabilities 2015: $976,967Net Assets 2015: $7,768,4722015Assets 2016: $8,403,292Liabilities 2016: $955,010Net Assets 2016: $7,448,2822016Assets 2017: $8,105,719Liabilities 2017: $964,819Net Assets 2017: $7,140,9002017Assets 2018: $7,857,036Liabilities 2018: $996,582Net Assets 2018: $6,860,4542018Assets 2019: $7,635,961Liabilities 2019: $1,073,405Net Assets 2019: $6,562,5562019Assets 2020: $7,358,290Liabilities 2020: $1,069,007Net Assets 2020: $6,289,2832020Assets 2021: $7,173,032Liabilities 2021: $1,132,876Net Assets 2021: $6,040,1562021Assets 2022: $6,788,592Liabilities 2022: $1,181,774Net Assets 2022: $5,606,8182022Assets 2023: $6,607,808Liabilities 2023: $1,256,225Net Assets 2023: $5,351,5832023Assets 2024: $6,398,496Liabilities 2024: $1,347,596Net Assets 2024: $5,050,9002024

Highlighted filing

2024

Assets$6,398,496
Liabilities$1,347,596
Net Assets$5,050,900
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $664,4342011Expenses 2012: $692,8472012Revenue 2013: $348,019Expenses 2013: $631,555Net Income 2013: -$283,5362013Revenue 2014: $354,126Expenses 2014: $666,462Net Income 2014: -$312,3362014Revenue 2015: $347,819Expenses 2015: $673,858Net Income 2015: -$326,0392015Revenue 2016: $345,543Expenses 2016: $665,733Net Income 2016: -$320,1902016Revenue 2017: $358,363Expenses 2017: $665,745Net Income 2017: -$307,3822017Revenue 2018: $378,298Expenses 2018: $658,744Net Income 2018: -$280,4462018Revenue 2019: $388,313Expenses 2019: $686,211Net Income 2019: -$297,8982019Revenue 2020: $451,516Expenses 2020: $724,789Net Income 2020: -$273,2732020Revenue 2021: $495,785Expenses 2021: $744,912Net Income 2021: -$249,1272021Revenue 2022: $452,944Expenses 2022: $886,282Net Income 2022: -$433,3382022Revenue 2023: $564,696Expenses 2023: $818,289Net Income 2023: -$253,5932023Revenue 2024: $584,350Expenses 2024: $885,033Net Income 2024: -$300,6832024

Highlighted filing

2024

Revenue$584,350
Expenses$885,033
Net Income-$300,683
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,398,496
Liabilities
$1,347,596
Net assets
$5,050,900
Revenue
$584,350
Expenses
$885,033
Net income
-$300,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.40$1.35$5.05$0.58$0.89$0.30
2023Detailed filing. Detailed filing data is available for this year.$6.61$1.26$5.35$0.56$0.82$0.25
2022Detailed filing. Detailed filing data is available for this year.$6.79$1.18$5.61$0.45$0.89$0.43
2021Detailed filing. Detailed filing data is available for this year.$7.17$1.13$6.04$0.50$0.74$0.25
2020Detailed filing. Detailed filing data is available for this year.$7.36$1.07$6.29$0.45$0.72$0.27
2019Detailed filing. Detailed filing data is available for this year.$7.64$1.07$6.56$0.39$0.69$0.30
2018Detailed filing. Detailed filing data is available for this year.$7.86$1.00$6.86$0.38$0.66$0.28
2017Detailed filing. Detailed filing data is available for this year.$8.11$0.96$7.14$0.36$0.67$0.31
2016Detailed filing. Detailed filing data is available for this year.$8.40$0.96$7.45$0.35$0.67$0.32
2015Detailed filing. Detailed filing data is available for this year.$8.75$0.98$7.77$0.35$0.67$0.33
2014Detailed filing. Detailed filing data is available for this year.$8.98$0.89$8.09$0.35$0.67$0.31
2013Detailed filing. Detailed filing data is available for this year.$9.27$0.86$8.41$0.35$0.63$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.57$0.87$8.69$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.88$0.85$9.04$0.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 31, 2025
Return Version
2024v5.2
Gross Receipts
$584,350
Mission and Program Overview

Mission

To acquire, construct, own and operate a 56 unit rental housing facility for low-income residents known as rosewood estates located in cordele georgia.

To acquire, construct, own and operate a 56-unit rental housing facility for low-income residents known as Rosewood Estates located in Cordele Georgia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,941,212$5,670,488▼ $270,724
Cash and Non-Interest-Bearing Accounts$169,700$207,000▲ $37,300
Accounts Receivable$25,664$37,482▲ $11,818
Intangible Assets$52,519$26,107▼ $26,412
Prepaid Expenses and Deferred Charges$13,517$11,112▼ $2,405
Total Assets$6,607,808$6,398,496▼ $209,312
Other Assets Total$405,196$446,307▲ $41,111
Liabilities
Other Liabilities$581,878$663,479▲ $81,601
Mortgage Notes Payable Secured by Investment Property$649,100$649,400▲ $300
Accounts Payable and Accrued Expenses$22,572$30,583▲ $8,011
Deferred Revenue$2,675$4,134▲ $1,459
Total Liabilities$1,256,225$1,347,596▲ $91,371
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,351,583$5,050,900▼ $300,683
Total Net Assets Fund Balance$5,351,583$5,050,900▼ $300,683
Total Liabilities and Net Assets / Fund Balance$6,607,808$6,398,496▼ $209,312

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,368,111$3,924,873$9,292,984
Land$302,377-$302,377
Other Assets Org$19,736--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mark Du MasPresident
Julie BowenDirector
R Hunt DunlapSeretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$565,021
Investment Income
$19,329
Other Revenue
$0
Change in Net Assets
$-300,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$584,350
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$278,470
Total Revenue per Audited Statements
$862,820
Total Revenue per Form 990
$584,350
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$721,838
Salaries, Compensation, and Employee Benefits$163,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$297,136--$297,136
Other Salaries and Wages$118,054--$118,054
Insurance$60,140--$60,140
Occupancy$47,224--$47,224
Interest$44,571--$44,571
Other Employee Benefits$32,889--$32,889
Fees for Services Management-$24,230-$24,230
Other Expenses$15,983--$15,983
Fees for Services Accounting$12,350--$12,350
Information Technology$10,004--$10,004
Payroll Taxes$8,977--$8,977
Fees for Services Other$4,511--$4,511
Pension Plan Contributions$3,275--$3,275
Travel$2,414--$2,414
Advertising$2,296--$2,296
Fees for Services Legal$1,598--$1,598
Total Functional Expenses$860,803$24,230$0$885,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$928,503
Expenses per Audited Statements$885,033
Total Expenses per Form 990$885,033
Expenses Not Reported on Form 990$43,470
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest on Note Payable$497,743
Accrued Real Estate Taxes$68,550
Accrued Develoment Fee$61,239
Security Deposit Liability$19,712
Due to Sponsor$16,235
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The organization does not have committees with the authority to act on behalf of the board.”

Form 990, Part VI, Section B, line 11B

“The President reviews and approves the form 990 prior to its filing.”

Form 990, Part VI, Section B, line 12C

“Officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.”

Form 990, Part VI, Section C, line 19

“The documents are available upon request.”

Form 990, Part VI, Section B, Line 15

“The Organization has no paid employees or Officers. Directors and Officers serve in a volunteer capacity and are not compensated for their services.”

Filing and Contact Details

Filer

Filer Name
Rosewood Cordele Development Inc
EIN
27-1073169
Phone
7704319696
Address
2730 Cumberland Boulevard, Smyrna, GA 30080

Signing Officer

Name
Renee Sandell
Title
Vice President
Phone
7704319696
Signed
2025-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Du Mas
Formed
2009
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Aprio Advisory Group LLC
Address
2002 Summit Boulevard Suite 120, Atlanta, GA 30319
Preparer
Stacy Cullen
Phone
4048929651
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 8, Grant Funding

“The organization Securred Arra section 1602 grant funding of $9,400,000 through the Georgia housing and finance authority of which $7,226,618 was drawn in 2010 and the remaining balance of $2,173,382 was drawn in 2011 for the construction of rosewood estates which is a 56-unit rental apartment facility for low-income individuals and families in Cordele, Georgia. The construction of the facility was completed as of January 11, 2011. The organization is required by the section 1602 grant to remain compliant with the program guidelines for a period of fifteen years.”

Financial Statement Notes

Part X, Line 2:

“The Organization has been classified as a public charity and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and state taxes under the provisions of the Georgia not-for-profit corporation code, and accordingly, no provision for income taxes has been provided. The Organization is no longer subject to income tax examinations for calendar years prior to 2021.”

Part XI, Line 2D - Other Adjustments:

“Annual amortization of the section 1602 grant for book purposes 235,000. Legal Revenue netted with Legal Expense 1,434. Utility reimursement revenue netted with Utility Expense 31,165. Administrative Revenue netted with Admiistrative Expense 1,421. Operating Revenue netted with Operating Expense 9,450.”

Part XII, Line 2D - Other Adjustments:

“Legal Revenue netted with Legal Expense 1,434. Utility reimursement revenue netted with Utility Expense 31,165. Administrative Revenue netted with Admiistrative Expense 1,421. Operating Revenue netted with Operating Expense 9,450.”

Raw XML AppendixShowing 400 of 474 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0538336
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126685
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016640
IRS990/PYOtherExpensesAmt0668196
IRS990/PYOtherRevenueAmt051837
IRS990/PYProgramServiceRevenueAmt0496219
IRS990/PYRevenuesLessExpensesAmt0-253593
IRS990/PYSalariesCompEmpBnftPaidAmt0150093
IRS990/PYTotalExpensesAmt0818289
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0564696
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-300683
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0565021
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019329
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt016640
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04849
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0936
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt041755
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0565021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0496219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0448095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0483025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0450580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02442940
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019329
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt016640
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04849
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0936
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt041755
IRS990ScheduleA/InvestmentIncomeCYPct00.01650
IRS990ScheduleA/InvestmentIncomePYPct00.01120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt051837
IRS990ScheduleA/OtherIncome509Grp/TotalAmt051837
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96310
IRS990ScheduleA/PublicSupportPY509Pct00.96670
IRS990ScheduleA/PublicSupportTotal509Amt02442940
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0565021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0496219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0448095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0483025
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0450580
IRS990ScheduleA/Total509Grp/TotalAmt02442940
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0584350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0564696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0452944
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0483026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0451516
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02536532
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05368111
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03924873
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09292984
IRS990ScheduleD/ExpensesNotReportedAmt043470
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0885033
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0302377
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0302377
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019712
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17085
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2283603
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3116171
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt419736
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Property Tax Escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Mortgage Escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Operating Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Compliance Reserve
IRS990ScheduleD/OtherExpensesIncludedAmt043470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0497743
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt261239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt316235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt468550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest on Note Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposit Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Accrued Develoment Fee
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Due to Sponsor
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Accrued Real Estate Taxes
IRS990ScheduleD/OtherRevenueAmt0278470
IRS990ScheduleD/RevenueNotReportedAmt0278470
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0584350
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has been classified as a public charity and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and state taxes under the provisions of the Georgia not-for-profit corporation code, and accordingly, no provision for income taxes has been provided. The Organization is no longer subject to income tax examinations for calendar years prior to 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Annual amortization of the section 1602 grant for book purposes 235,000. Legal Revenue netted with Legal Expense 1,434. Utility reimursement revenue netted with Utility Expense 31,165. Administrative Revenue netted with Admiistrative Expense 1,421. Operating Revenue netted with Operating Expense 9,450.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Legal Revenue netted with Legal Expense 1,434. Utility reimursement revenue netted with Utility Expense 31,165. Administrative Revenue netted with Admiistrative Expense 1,421. Operating Revenue netted with Operating Expense 9,450.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05670488
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0446307
IRS990ScheduleD/TotalExpensesPerForm990Amt0885033
IRS990ScheduleD/TotalLiabilityAmt0663479
IRS990ScheduleD/TotalRevenuePerForm990Amt0584350
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0862820
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0928503
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization Securred Arra section 1602 grant funding of $9,400,000 through the Georgia housing and finance authority of which $7,226,618 was drawn in 2010 and the remaining balance of $2,173,382 was drawn in 2011 for the construction of rosewood estates which is a 56-unit rental apartment facility for low-income individuals and families in Cordele, Georgia. The construction of the facility was completed as of January 11, 2011. The organization is required by the section 1602 grant to remain compliant with the program guidelines for a period of fifteen years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization does not have committees with the authority to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President reviews and approves the form 990 prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Officers and directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization has no paid employees or Officers. Directors and Officers serve in a volunteer capacity and are not compensated for their services.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 8, Grant Funding
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0No
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1No
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2No
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Paces Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Waterford Dublin Development Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Galleria Manor Senior Development Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581949667
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1271073302
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2300606247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Affordable Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Affordable Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Affordable Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02730 Cumberland Boulevard
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12730 Cumberland Boulevard
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22730 Cumberland Boulevard
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Smyrna
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Smyrna
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Smyrna
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030080
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd130080
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd230080
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt017963
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Actual amount
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Paces Foundation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

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