Civic Intelligence

Alpha Arms Apts

990 • Fiscal year 2021 • EIN 56-1082871

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 26, 2021

Organization ProfileN/A
300 East John Street Suite 138Matthews, NC 28105

(704) 228-5415

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.31x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

7.34x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

22nd percentile

-2.4%

Higher net margin than 22% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

20th percentile

-2.3%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

3.1%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$4,866,337

Down $115,835 (-2.3%) from 2020

Net Assets

Down

-$1,528,633

Down $21,045 (-1.4%) from 2020

Liabilities

Down

$6,394,970

Down $94,790 (-1.5%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin22nd percentile

Revenue

Up

$871,065

Up $25,824 (+3.1%) from 2020

Expenses

Down

$892,110

Down $39,641 (-4.3%) from 2020

Net Income

Up

-$21,045

Up $65,465 (+76%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2011: $2,242,144Liabilities 2011: $2,686,362Net Assets 2011: -$444,2182011Assets 2012: $6,498,931Liabilities 2012: $6,985,275Net Assets 2012: -$486,3442012Assets 2013: $6,194,721Liabilities 2013: $6,881,332Net Assets 2013: -$686,6112013Assets 2014: $5,998,434Liabilities 2014: $6,862,778Net Assets 2014: -$864,3442014Assets 2015: $5,821,208Liabilities 2015: $6,806,702Net Assets 2015: -$985,4942015Assets 2016: $5,659,327Liabilities 2016: $6,741,564Net Assets 2016: -$1,082,2372016Assets 2017: $5,486,415Liabilities 2017: $6,668,144Net Assets 2017: -$1,181,7292017Assets 2018: $5,312,205Liabilities 2018: $6,607,219Net Assets 2018: -$1,295,0142018Assets 2019: $5,123,813Liabilities 2019: $6,544,891Net Assets 2019: -$1,421,0782019Assets 2020: $4,982,172Liabilities 2020: $6,489,760Net Assets 2020: -$1,507,5882020Assets 2021: $4,866,337Liabilities 2021: $6,394,970Net Assets 2021: -$1,528,6332021Assets 2022: $4,695,512Liabilities 2022: $6,292,490Net Assets 2022: -$1,596,9782022Assets 2023: $4,531,036Liabilities 2023: $6,203,900Net Assets 2023: -$1,672,8642023Assets 2024: $4,408,784Liabilities 2024: $6,145,735Net Assets 2024: -$1,736,9512024Assets 2025: $4,104,412Liabilities 2025: $5,801,786Net Assets 2025: -$1,697,3742025

Highlighted filing

2021

Assets$4,866,337
Liabilities$6,394,970
Net Assets-$1,528,633
Open 2021 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $551,134Expenses 2011: $468,190Net Income 2011: $82,9442011Revenue 2012: $559,543Expenses 2012: $601,669Net Income 2012: -$42,1262012Revenue 2013: $754,347Expenses 2013: $954,614Net Income 2013: -$200,2672013Revenue 2014: $832,986Expenses 2014: $933,900Net Income 2014: -$100,9142014Revenue 2015: $792,798Expenses 2015: $913,948Net Income 2015: -$121,1502015Revenue 2016: $810,692Expenses 2016: $907,435Net Income 2016: -$96,7432016Revenue 2017: $814,602Expenses 2017: $914,094Net Income 2017: -$99,4922017Revenue 2018: $819,797Expenses 2018: $933,082Net Income 2018: -$113,2852018Revenue 2019: $830,954Expenses 2019: $957,018Net Income 2019: -$126,0642019Revenue 2020: $845,241Expenses 2020: $931,751Net Income 2020: -$86,5102020Revenue 2021: $871,065Expenses 2021: $892,110Net Income 2021: -$21,0452021Revenue 2022: $833,615Expenses 2022: $901,960Net Income 2022: -$68,3452022Revenue 2023: $863,412Expenses 2023: $939,298Net Income 2023: -$75,8862023Revenue 2024: $839,431Expenses 2024: $903,518Net Income 2024: -$64,0872024Revenue 2025: $1,219,067Expenses 2025: $1,179,490Net Income 2025: $39,5772025

Highlighted filing

2021

Revenue$871,065
Expenses$892,110
Net Income-$21,045
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 26, 2021
Return Version
2020v4.1
Gross Receipts
$871,065
Mission and Program Overview

Mission

To provide safe, sanitary, affordable housing for very low income persons and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,380,358$4,237,852▼ $142,506
Savings and Temporary Cash Investments$316,942$321,131▲ $4,189
Intangible Assets$239,171$231,698▼ $7,473
Accounts Receivable$18,381$29,928▲ $11,547
Prepaid Expenses and Deferred Charges$22,902$22,967▲ $65
Cash and Non-Interest-Bearing Accounts$4,418$22,761▲ $18,343
Total Assets$4,982,172$4,866,337▼ $115,835
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,224,030$6,137,174▼ $86,856
Accounts Payable and Accrued Expenses$196,579$166,611▼ $29,968
Unsecured Notes Loans Payable$43,527$43,527→ $0
Deferred Revenue$5,693$26,147▲ $20,454
Other Liabilities$19,931$21,511▲ $1,580
Total Liabilities$6,489,760$6,394,970▼ $94,790
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,507,588$-1,528,633▼ $21,045
Total Net Assets Fund Balance$-1,507,588$-1,528,633▼ $21,045
Total Liabilities and Net Assets / Fund Balance$4,982,172$4,866,337▼ $115,835

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,127,989$2,769,460$6,897,449
Leasehold Improvements$51,097$652,743$703,840
Equipment$17,475$152,836$170,311
Land$41,291-$41,291
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Jimmie FordPresident
Hughes JonesDirector
Larry JohnsonDirector
Nicky WilliamsDirector
Rashad HinnantDirector
Samuel LloydSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$669,939
Program Service Revenue
$200,989
Investment Income
$137
Other Revenue
$0
Change in Net Assets
$-21,045

Audited Revenue Reconciliation

Revenue per Audited Statements
$871,065
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$871,065
Total Revenue per Form 990
$871,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$892,110
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
Interest$253,168--$253,168
Depreciation Depletion$149,980--$149,980
All Other Expenses$67,448$20,054-$87,502
Insurance$68,295--$68,295
Fees for Services Management$61,733--$61,733
Occupancy$59,461--$59,461
Office Expenses$31,982--$31,982
Other Expenses$28,033--$28,033
Fees for Services Accounting-$26,220-$26,220
Total Functional Expenses$845,836$46,274$0$892,110

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$892,110
Total Expenses per Audited Statements$892,110
Total Expenses per Form 990$892,110
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$21,511
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization has delegated control over management duties to multifamily select, inc. The affordable housing apartment complex is regulated by the u.s. Department of housing and urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.”

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

“The board of directors reviews form 990 prior to approving the return for filing.”

Form 990, Part VI, Section C, Line 19

“The information is available upon written request.”

Filing and Contact Details

Filer

Filer Name
Alpha Arms Inc
EIN
56-1082871
Phone
7042285415
Address
300 EAST JOHN STREET SUITE 138, MATTHEWS, NC 28105

Signing Officer

Name
Jimmie Ford
Title
Chairman
Phone
9197351222
Signed
2021-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmie Ford
Formed
1973
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the corporation's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2021.”

Raw XML Appendix371 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0196579
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0166611
IRS990/AccountsReceivableGrp/BOYAmt018381
IRS990/AccountsReceivableGrp/EOYAmt029928
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt020054
IRS990/AllOtherExpensesGrp/ProgramServicesAmt067448
IRS990/AllOtherExpensesGrp/TotalAmt087502
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MULTIFAMILY SELECT INC
IRS990/BooksInCareOfDetail/PhoneNum07042285415
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
IRS990/BooksInCareOfDetail/USAddress/CityNm0MATTHEWS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028105
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04418
IRS990/CashNonInterestBearingGrp/EOYAmt022761
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0669939
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0137
IRS990/CYOtherExpensesAmt0892110
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0200989
IRS990/CYRevenuesLessExpensesAmt0-21045
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0892110
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0871065
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt05693
IRS990/DeferredRevenueGrp/EOYAmt026147
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0149980
IRS990/DepreciationDepletionGrp/TotalAmt0149980
IRS990/Desc0TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING TO VERY LOW INCOME PERSONS AND FAMILIES BY OPERATING A 104-UNIT APARTMENT COMMUNITY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0845836
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt026220
IRS990/FeesForServicesAccountingGrp/TotalAmt026220
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt061733
IRS990/FeesForServicesManagementGrp/TotalAmt061733
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JIMMIE FORD
IRS990/Form990PartVIISectionAGrp/PersonNm1LARRY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm2HUGHES JONES
IRS990/Form990PartVIISectionAGrp/PersonNm3SAMUEL LLOYD
IRS990/Form990PartVIISectionAGrp/PersonNm4NICKY WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm5RASHAD HINNANT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0669939
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0871065
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt068295
IRS990/InsuranceGrp/TotalAmt068295
IRS990/IntangibleAssetsGrp/BOYAmt0239171
IRS990/IntangibleAssetsGrp/EOYAmt0231698
IRS990/InterestGrp/ProgramServicesAmt0253168
IRS990/InterestGrp/TotalAmt0253168
IRS990/InvestmentIncomeGrp/ExclusionAmt0137
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0137
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03575039
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04380358
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04237852
IRS990/LandBldgEquipCostOrOtherBssAmt07812891
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06224030
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06137174
IRS990/NetAssetsOrFundBalancesBOYAmt0-1507588
IRS990/NetAssetsOrFundBalancesEOYAmt0-1528633
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1507588
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1528633
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt059461
IRS990/OccupancyGrp/TotalAmt059461
IRS990/OfficeExpensesGrp/ProgramServicesAmt031982
IRS990/OfficeExpensesGrp/TotalAmt031982
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE PAYROLL REI
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MANAGER SALARY REIMBURS
IRS990/OtherExpensesGrp/Desc3GARBAGE AND TRASH REMOV
IRS990/OtherExpensesGrp/ProgramServicesAmt058023
IRS990/OtherExpensesGrp/ProgramServicesAmt139669
IRS990/OtherExpensesGrp/ProgramServicesAmt228044
IRS990/OtherExpensesGrp/ProgramServicesAmt328033
IRS990/OtherExpensesGrp/TotalAmt058023
IRS990/OtherExpensesGrp/TotalAmt139669
IRS990/OtherExpensesGrp/TotalAmt228044
IRS990/OtherExpensesGrp/TotalAmt328033
IRS990/OtherLiabilitiesGrp/BOYAmt019931
IRS990/OtherLiabilitiesGrp/EOYAmt021511
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022902
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022967
IRS990/PrincipalOfficerNm0JIMMIE FORD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING RE
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0187234
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17766
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187234
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25989
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0656162
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt095
IRS990/PYOtherExpensesAmt0931751
IRS990/PYOtherRevenueAmt0240
IRS990/PYProgramServiceRevenueAmt0188744
IRS990/PYRevenuesLessExpensesAmt0-86510
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0931751
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0845241
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-21045
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0200989
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0316942
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0321131
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/BookValueAmt04127989
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02769460
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06897449
IRS990ScheduleD/EquipmentGrp/BookValueAmt017475
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170311
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0892110
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt041291
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041291
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051097
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0652743
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0703840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021511
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0871065
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04237852
IRS990ScheduleD/TotalExpensesPerForm990Amt0892110
IRS990ScheduleD/TotalLiabilityAmt021511
IRS990ScheduleD/TotalRevenuePerForm990Amt0871065
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0871065
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0892110
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INFORMATION IS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04982172
IRS990/TotalAssetsEOYAmt04866337
IRS990/TotalAssetsGrp/BOYAmt04982172
IRS990/TotalAssetsGrp/EOYAmt04866337
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0669939
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046274
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0845836
IRS990/TotalFunctionalExpensesGrp/TotalAmt0892110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06489760
IRS990/TotalLiabilitiesEOYAmt06394970
IRS990/TotalLiabilitiesGrp/BOYAmt06489760
IRS990/TotalLiabilitiesGrp/EOYAmt06394970
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1507588
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1528633
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0845836
IRS990/TotalProgramServiceRevenueAmt0200989
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0137
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200989
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0871065
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04982172
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04866337
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt043527
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt043527
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
IRS990/USAddress/CityNm0MATTHEWS
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028105
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMIE FORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09197351222
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALPHA ARMS INC
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
ReturnHeader/Filer/EIN0561082871
ReturnHeader/Filer/PhoneNum07042285415
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
ReturnHeader/Filer/USAddress/CityNm0MATTHEWS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028105
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD ROBINSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 19608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274199608
ReturnHeader/PreparerPersonGrp/PhoneNum03362944494
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CASEY H PATTERSON
ReturnHeader/ReturnTs02021-10-26T12:19:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JIMMIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FORD
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,866,337
Liabilities
$6,394,970
Net assets
-$1,528,633
Revenue
$871,065
Expenses
$892,110
Net income
-$21,045
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.10$5.80$1.70$1.22$1.18$0.04
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$6.15$1.74$0.84$0.90$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.53$6.20$1.67$0.86$0.94$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$6.29$1.60$0.83$0.90$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.87$6.39$1.53$0.87$0.89$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$6.49$1.51$0.85$0.93$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$6.54$1.42$0.83$0.96$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$6.61$1.30$0.82$0.93$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$6.67$1.18$0.81$0.91$0.10
2016Detailed filing. Detailed filing data is available for this year.$5.66$6.74$1.08$0.81$0.91$0.10
2015Detailed filing. Detailed filing data is available for this year.$5.82$6.81$0.99$0.79$0.91$0.12
2014Detailed filing. Detailed filing data is available for this year.$6.00$6.86$0.86$0.83$0.93$0.10
2013Summary only. Only limited summary data is available for this year.$6.19$6.88$0.69$0.75$0.95$0.20
2012Summary only. Only limited summary data is available for this year.$6.50$6.99$0.49$0.56$0.60$0.04
2011Summary only. Only limited summary data is available for this year.$2.24$2.69$0.44$0.55$0.47$0.08