Civic Intelligence

Sandy Run Missionary Baptist Church Apts

EIN 56-1053910 • 501(c)3 • Jacksonville, NC

Profile

Sandy run missionary baptist church apartments i, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of north carolina. The corporation was formed for the purpose of rehabilitating and operating a 152 unit community known as sandy run apartments in jacksonville, north carolina, which provides housing for individuals with low and moderate income, pursuant to section 221(d)(3) of the national housing act, as amended. The community is financed under section 221(d)(3) of the national housing act, as amended. The corporation has entered into a regulatory agreement governing the operation of the community with the federal housing administration section of hud. The corporation leases apartment units to low income families (or persons) in the normal course of business. The corporation has also entered into a housing assistance payment contract with hud. The contract is a section 8 rent assistance program for low income families.

200 Coleman DriveJacksonville, NC 28546

n/A

Siviq Scores

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

Liabilities / Assets

74th percentile

1.08x

Higher debt load relative to assets than 74% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

3.30x

Higher debt load relative to revenue than 55% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2025

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE L • $5M-$10M nonprofits • Source year 2025

Asset Growth

40th percentile

-1.2%

Faster asset growth than 40% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

2.4%

Faster revenue growth than 41% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$6,602,447

Up $329,368 (+5.3%) from 2023

Liabilities

Down

$7,331,338

Down $95,962 (-1.3%) from 2023

Net Assets

Up

-$728,891

Up $425,330 (+37%) from 2023

Revenue

Up

$2,077,519

Up $77,888 (+3.9%) from 2023

Expenses

Up

$1,652,189

Up $17,480 (+1.1%) from 2023

Net Income

Up

$425,330

Up $60,408 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $6,743,931Liabilities 2012: $7,630,624Net Assets 2012: -$886,6932012Assets 2013: $6,750,741Liabilities 2013: $8,316,481Net Assets 2013: -$1,565,7402013Assets 2014: $6,367,827Liabilities 2014: $8,108,197Net Assets 2014: -$1,740,3702014Assets 2015: $6,108,487Liabilities 2015: $8,042,486Net Assets 2015: -$1,933,9992015Assets 2016: $5,886,633Liabilities 2016: $7,958,089Net Assets 2016: -$2,071,4562016Assets 2017: $5,660,438Liabilities 2017: $7,838,890Net Assets 2017: -$2,178,4522017Assets 2018: $5,586,104Liabilities 2018: $7,794,337Net Assets 2018: -$2,208,2332018Assets 2019: $10,908,985Liabilities 2019: $11,998,682Net Assets 2019: -$1,089,6972019Assets 2020: $10,464,687Liabilities 2020: $10,774,806Net Assets 2020: -$310,1192020Assets 2021: $6,926,667Liabilities 2021: $8,370,970Net Assets 2021: -$1,444,3032021Assets 2022: $6,621,339Liabilities 2022: $8,140,482Net Assets 2022: -$1,519,1432022Assets 2023: $6,273,079Liabilities 2023: $7,427,300Net Assets 2023: -$1,154,2212023Assets 2024: $6,602,447Liabilities 2024: $7,331,338Net Assets 2024: -$728,8912024

Highlighted filing

2024

Assets$6,602,447
Liabilities$7,331,338
Net Assets-$728,891

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2012: $1,541,0372012Expenses 2013: $2,097,4032013Revenue 2014: $1,361,157Expenses 2014: $1,535,787Net Income 2014: -$174,6302014Revenue 2015: $1,342,260Expenses 2015: $1,535,889Net Income 2015: -$193,6292015Revenue 2016: $1,319,559Expenses 2016: $1,457,016Net Income 2016: -$137,4572016Revenue 2017: $1,305,859Expenses 2017: $1,412,855Net Income 2017: -$106,9962017Revenue 2018: $1,263,795Expenses 2018: $1,293,576Net Income 2018: -$29,7812018Revenue 2019: $2,260,368Expenses 2019: $1,141,832Net Income 2019: $1,118,5362019Revenue 2020: $1,919,915Expenses 2020: $1,140,337Net Income 2020: $779,5782020Revenue 2021: $894,680Expenses 2021: $2,028,864Net Income 2021: -$1,134,1842021Revenue 2022: $1,279,179Expenses 2022: $1,354,019Net Income 2022: -$74,8402022Revenue 2023: $1,999,631Expenses 2023: $1,634,709Net Income 2023: $364,9222023Revenue 2024: $2,077,519Expenses 2024: $1,652,189Net Income 2024: $425,3302024

Highlighted filing

2024

Revenue$2,077,519
Expenses$1,652,189
Net Income$425,330

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$2,077,519
Mission and Program Overview

Mission

Sandy run missionary baptist church apartments i, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of north carolina. The corporation was formed for the purpose of rehabilitating and operating a 152 unit community known as sandy run apartments in jacksonville, north carolina, which provides housing for individuals with low and moderate income, pursuant to section 221(d)(3) of the national housing act, as amended. The community is financed under section 221(d)(3) of the national housing act, as amended. The corporation has entered into a regulatory agreement governing the operation of the community with the federal housing administration section of hud. The corporation leases apartment units to low income families (or persons) in the normal course of business. The corporation has also entered into a housing assistance payment contract with hud. The contract is a section 8 rent assistance program for low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,512,320$5,358,149▼ $154,171
Cash and Non-Interest-Bearing Accounts$203,418$358,229▲ $154,811
Investments Program Related$393,582$268,052▼ $125,530
Prepaid Expenses and Deferred Charges$22,165$181,127▲ $158,962
Intangible Assets$40,781$39,402▼ $1,379
Accounts Receivable$49,053$33,297▼ $15,756
Total Assets$6,273,079$6,602,447▲ $329,368
Other Assets Total$51,760$364,191▲ $312,431
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,989,856$6,860,122▼ $129,734
Accounts Payable and Accrued Expenses$382,148$414,074▲ $31,926
Other Liabilities$51,754$50,857▼ $897
Deferred Revenue$3,542$6,285▲ $2,743
Total Liabilities$7,427,300$7,331,338▼ $95,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,154,221$-728,891▲ $425,330
Total Net Assets Fund Balance$-1,154,221$-728,891▲ $425,330
Total Liabilities and Net Assets / Fund Balance$6,273,079$6,602,447▲ $329,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,092,584$2,712,206$7,804,790
Equipment$21,428$792,498$813,926
Other Land Buildings$117,380$457,986$575,366
Land$126,757-$126,757
Other Assets Org$312,250--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jacob EvansPresident
Tyrone MaxwellVice President
Brian JacksonDirector
Darryl RobersonDirector
Gregory O HumphreyDirector
Holly SylvainDirector
Precious BordenDirector
Joselyn HillmonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,421,834
Program Service Revenue
$601,505
Investment Income
$3,952
Other Revenue
$50,228
Change in Net Assets
$425,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,077,519
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,077,519
Total Revenue per Form 990
$2,077,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,652,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,106,175--$1,106,175
Depreciation Depletion$193,826--$193,826
Fees for Services Management-$119,850-$119,850
Other Expenses$55,077$141,496-$55,077
Office Expenses-$18,205-$18,205
Fees for Services Legal-$6,369-$6,369
Fees for Services Accounting-$6,140-$6,140
Travel-$2,468-$2,468
Conferences and Meetings-$1,815-$1,815
Information Technology-$768-$768
Total Functional Expenses$1,355,078$297,111$0$1,652,189

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,708,754
Expenses per Audited Statements$1,652,189
Total Expenses per Form 990$1,652,189
Expenses Not Reported on Form 990$56,565
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
Security Deposits$50,857
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Sandy run missionary baptist church apartments i, inc is managed by community management corporation, a professional property management company. Community management corporation has a project owner's & management certification for multifamily housing projects with the us department of housing and urban development. Under this certification hud has aproved community management corporation to manage the bullock mcleod housing complex. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

Form 990, Part VI, Section A, Line 6

The members of the corporation are to be limited to individuals who are either trustees of sandy run missionary baptist church or members of sandy run missionary baptist church and who have the approval of the board of trustees of sandy run missionary baptist church.

Form 990, Part VI, Section A, Line 7A

The members of the corporation are to be limited to individuals who are either trustees of sandy run missionary baptist church or members of sandy run missionary baptist church and who have the approval of the board of trustees of sandy run missionary baptist church. If a member of the corporation ceases to be a trustee of sandy run missionary baptist church or member of sandy run missionary baptist church, of if approval is withdrawn then in either even such shall constitute automatic resignation a member and director of the corporation.

Form 990, Part VI, Section A, Line 7B

The members of the corporation are to be limited to individuals who are either trustees of sandy run missionary baptist church or members of sandy run missionary baptist church and who have the approval of the board of trustees of sandy run missionary baptist church. If a member of the corporation ceases to be a trustee of sandy run missionary baptist church or member of sandy run missionary baptist church, of if approval is withdrawn then in either even such shall constitute automatic resignation a member and director of the corporation.

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

The outside independent accountant forwards a draft of form 990 to the management company, which in turn disperses a complete copy of the 990 to the board of directors for thier review. Upon board approval, the board president notifies the management company to communicate approval to the outside accountant, which issues a final return for the board president to sign and file.

Form 990, Part VI, Section B, Line 15

The organization does not compensate officers or directors (see page 7, part vii). If the organization revises their position on compensation of officers and directors, an additional policy will be drafted at that time.

Form 990, Part VI, Section C, Line 19

Form 990 and all related financial and policy information are made available to the public upon written request.

Part VII, Section A, Line 1A, Column B

Description of hours worked for related organizations: all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Sandy Run Missionary Baptist Church Apts
EIN
56-1053910
Phone
3367650424
Address
200 COLEMAN DRIVE, JACKSONVILLE, NC 28546

Signing Officer

Name
Jacob Evans
Title
President
Phone
3367650424
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Evans
Formed
1974
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jacob a Sowers
Phone
3178485700
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, 2C

Overview of audit function: the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Book/tax depreciation adjustment 56,565.

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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0768
IRS990/InformationTechnologyGrp/TotalAmt0768
IRS990/IntangibleAssetsGrp/BOYAmt040781
IRS990/IntangibleAssetsGrp/EOYAmt039402
IRS990/InvestmentIncomeGrp/ExclusionAmt03952
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03952
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0393582
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0268052
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03962690
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05512320
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05358149
IRS990/LandBldgEquipCostOrOtherBssAmt09320839
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SANDY RUN MISSIONARY BAPTIST CHURCH APARTMENTS I, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NORTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF REHABILITATING AND OPERATING A 152 UNIT COMMUNITY KNOWN AS SANDY RUN APARTMENTS IN JACKSONVILLE, NORTH CAROLINA, WHICH PROVIDES HOUSING FOR INDIVIDUALS WITH LOW AND MODERATE INCOME, PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE COMMUNITY IS FINANCED UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO A REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION LEASES APARTMENT UNITS TO LOW INCOME FAMILIES (OR PERSONS) IN THE NORMAL COURSE OF BUSINESS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE CONTRACT IS A SECTION 8 RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06989856
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06860122
IRS990/NetAssetsOrFundBalancesBOYAmt0-1154221
IRS990/NetAssetsOrFundBalancesEOYAmt0-728891
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1154221
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-728891
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01106175
IRS990/OccupancyGrp/TotalAmt01106175
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018205
IRS990/OfficeExpensesGrp/TotalAmt018205
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt051760
IRS990/OtherAssetsTotalGrp/EOYAmt0364191
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MTG CO EMPLOYEE CHARGEB
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0141496
IRS990/OtherExpensesGrp/ProgramServicesAmt055077
IRS990/OtherExpensesGrp/TotalAmt0141496
IRS990/OtherExpensesGrp/TotalAmt155077
IRS990/OtherLiabilitiesGrp/BOYAmt051754
IRS990/OtherLiabilitiesGrp/EOYAmt050857
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc2OTHER REVENUE-MISC.
IRS990/OtherRevenueMiscGrp/ExclusionAmt039449
IRS990/OtherRevenueMiscGrp/ExclusionAmt17760
IRS990/OtherRevenueMiscGrp/ExclusionAmt23019
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039449
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17760
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23019
IRS990/OtherRevenueTotalAmt050228
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022165
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0181127
IRS990/PrincipalOfficerNm0JACOB EVANS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0601505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0601505
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01279460
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01810
IRS990/PYOtherExpensesAmt01634709
IRS990/PYOtherRevenueAmt0122226
IRS990/PYProgramServiceRevenueAmt0596135
IRS990/PYRevenuesLessExpensesAmt0364922
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01634709
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01999631
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0425330
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0601505
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01421834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01279460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0748349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0480787
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0567489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04497919
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03952
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0197
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03837
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011344
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02673441
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt050228
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0122226
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt033505
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt017424
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt088116
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0311499
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93300
IRS990ScheduleA/PublicSupportPY170Pct00.92640
IRS990ScheduleA/PublicSupportTotal170Amt04497919
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01421834
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01279460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0748349
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0480787
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0567489
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04497919
IRS990ScheduleA/TotalSupportAmt04820762
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05092584
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02712206
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07804790
IRS990ScheduleD/EquipmentGrp/BookValueAmt021428
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0792498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0813926
IRS990ScheduleD/ExpensesNotReportedAmt056565
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01652189
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0126757
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126757
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt051941
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1312250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherExpensesIncludedAmt056565
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0117380
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0457986
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0575366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02077519
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DEPRECIATION ADJUSTMENT 56,565.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05358149
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0364191
IRS990ScheduleD/TotalExpensesPerForm990Amt01652189
IRS990ScheduleD/TotalLiabilityAmt050857
IRS990ScheduleD/TotalRevenuePerForm990Amt02077519
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02077519
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01708754
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SANDY RUN MISSIONARY BAPTIST CHURCH APARTMENTS I, INC IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANAGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE BULLOCK MCLEOD HOUSING COMPLEX. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE CORPORATION ARE TO BE LIMITED TO INDIVIDUALS WHO ARE EITHER TRUSTEES OF SANDY RUN MISSIONARY BAPTIST CHURCH OR MEMBERS OF SANDY RUN MISSIONARY BAPTIST CHURCH AND WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF SANDY RUN MISSIONARY BAPTIST CHURCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE CORPORATION ARE TO BE LIMITED TO INDIVIDUALS WHO ARE EITHER TRUSTEES OF SANDY RUN MISSIONARY BAPTIST CHURCH OR MEMBERS OF SANDY RUN MISSIONARY BAPTIST CHURCH AND WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF SANDY RUN MISSIONARY BAPTIST CHURCH. IF A MEMBER OF THE CORPORATION CEASES TO BE A TRUSTEE OF SANDY RUN MISSIONARY BAPTIST CHURCH OR MEMBER OF SANDY RUN MISSIONARY BAPTIST CHURCH, OF IF APPROVAL IS WITHDRAWN THEN IN EITHER EVEN SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE CORPORATION ARE TO BE LIMITED TO INDIVIDUALS WHO ARE EITHER TRUSTEES OF SANDY RUN MISSIONARY BAPTIST CHURCH OR MEMBERS OF SANDY RUN MISSIONARY BAPTIST CHURCH AND WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF SANDY RUN MISSIONARY BAPTIST CHURCH. IF A MEMBER OF THE CORPORATION CEASES TO BE A TRUSTEE OF SANDY RUN MISSIONARY BAPTIST CHURCH OR MEMBER OF SANDY RUN MISSIONARY BAPTIST CHURCH, OF IF APPROVAL IS WITHDRAWN THEN IN EITHER EVEN SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THIER REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION OF HOURS WORKED FOR RELATED ORGANIZATIONS: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OVERVIEW OF AUDIT FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 12, PART XII, 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06273079
IRS990/TotalAssetsEOYAmt06602447
IRS990/TotalAssetsGrp/BOYAmt06273079
IRS990/TotalAssetsGrp/EOYAmt06602447
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01421834
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0297111
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01355078
IRS990/TotalFunctionalExpensesGrp/TotalAmt01652189
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07427300
IRS990/TotalLiabilitiesEOYAmt07331338
IRS990/TotalLiabilitiesGrp/BOYAmt07427300
IRS990/TotalLiabilitiesGrp/EOYAmt07331338
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1154221
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-728891
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01355078
IRS990/TotalProgramServiceRevenueAmt0601505
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt054180
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0601505
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02077519
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06273079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06602447
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02468

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