Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
20th percentile
Higher net margin than 20% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
26th percentile
Faster revenue growth than 26% of similar nonprofits.
Assets
Down$4,408,784
Down $122,252 (-2.7%) from 2023
Net Assets
Down-$1,736,951
Down $64,087 (-3.8%) from 2023
Liabilities
Down$6,145,735
Down $58,165 (-0.9%) from 2023
Revenue
Down$839,431
Down $23,981 (-2.8%) from 2023
Expenses
Down$903,518
Down $35,780 (-3.8%) from 2023
Net Income
Up-$64,087
Up $11,799 (+16%) from 2023
To provide safe, sanitary, affordable housing for very low income persons and families.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,957,655 | $3,831,652 | ▼ $126,003 |
| Savings and Temporary Cash Investments | $308,912 | $261,654 | ▼ $47,258 |
| Intangible Assets | $216,750 | $209,276 | ▼ $7,474 |
| Accounts Receivable | $15,452 | $75,326 | ▲ $59,874 |
| Prepaid Expenses and Deferred Charges | $22,636 | $22,636 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $9,631 | $8,240 | ▼ $1,391 |
| Total Assets | $4,531,036 | $4,408,784 | ▼ $122,252 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $5,812,683 | $5,697,305 | ▼ $115,378 |
| Accounts Payable and Accrued Expenses | $312,293 | $367,954 | ▲ $55,661 |
| Unsecured Notes Loans Payable | $43,527 | $43,527 | → $0 |
| Other Liabilities | $20,426 | $22,461 | ▲ $2,035 |
| Deferred Revenue | $14,971 | $14,488 | ▼ $483 |
| Total Liabilities | $6,203,900 | $6,145,735 | ▼ $58,165 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-1,672,864 | $-1,736,951 | ▼ $64,087 |
| Total Net Assets Fund Balance | $-1,672,864 | $-1,736,951 | ▼ $64,087 |
| Total Liabilities and Net Assets / Fund Balance | $4,531,036 | $4,408,784 | ▼ $122,252 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,727,135 | $3,170,314 | $6,897,449 |
| Other Land Buildings | $40,725 | $663,115 | $703,840 |
| Equipment | $22,501 | $170,202 | $192,703 |
| Land | $41,291 | - | $41,291 |
| Name | Title |
|---|---|
| Jimmie Ford | Chairman |
| Christopher Griffin | Director |
| Earl Moore Jr | Director |
| Hugh Jones | Director |
| John Stokes | Director |
| Larry Johnson | Director |
| Rashad Hinnant | Director |
| Tarik Fisher | Director |
| Samuel Lloyd | Secretary |
| Nicky Williams | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $903,518 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $176,376 | - | - | $176,376 |
| Depreciation Depletion | $151,277 | - | - | $151,277 |
| All Other Expenses | $73,203 | $23,034 | - | $96,237 |
| Occupancy | $76,396 | - | - | $76,396 |
| Insurance | $74,512 | - | - | $74,512 |
| Fees for Services Management | - | $55,143 | - | $55,143 |
| Other Expenses | $31,504 | $17,686 | - | $49,190 |
| Fees for Services Accounting | - | $29,258 | - | $29,258 |
| Office Expenses | - | $14,364 | - | $14,364 |
| Fees for Services Other | $7,952 | - | - | $7,952 |
| Fees for Services Legal | - | $374 | - | $374 |
| Total Functional Expenses | $714,457 | $189,061 | $0 | $903,518 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $903,518 |
| Total Expenses per Audited Statements | $903,518 |
| Total Expenses per Form 990 | $903,518 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Tenant Deposits Held in Trust | $22,461 |
“The organization has delegated control over management duties tomultifamily select, inc. The affordable housing apartment complex isregulated by the u.s. Department of housing and urban development as torent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.”
“The board of directors reviews form 990 prior to approving the return for filing”
“The information is available upon written request.”
“Supplies: program service expenses 26,968. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,968. Bad debt expense: program service expenses 0. Management and general expenses 20,750. Fundraising expenses 0. Total expenses 20,750. Repairs & maintenance: program service expenses 18,504. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,504. Real estate taxes: program service expenses 15,238. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,238. Payroll tax reimbursement: program service expenses 12,493. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,493. Office salary reimbursement: program service expenses 0. Management and general expenses 2,284. Fundraising expenses 0. Total expenses 2,284.”
“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 2024.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 312293 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 367954 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 15452 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 75326 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 23034 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 73203 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 96237 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MULTIFAMILY SELECT INC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7042285415 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 300 EAST JOHN STREET SUITE 138 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MATTHEWS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28105 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 9631 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 8240 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 617175 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 187 |
| IRS990/CYOtherExpensesAmt | 0 | 903518 |
| IRS990/CYOtherRevenueAmt | 0 | 389 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 221680 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -64087 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 903518 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 839431 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 14971 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 14488 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 151277 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 151277 |
| IRS990/Desc | 0 | TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES BY OPERATING A 104-UNIT APARTMENT COMMUNITY. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 714457 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 29258 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 29258 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 374 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 374 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 55143 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 55143 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 7952 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 7952 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JIMMIE FORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LARRY JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | HUGH JONES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | SAMUEL LLOYD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | NICKY WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RASHAD HINNANT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOHN STOKES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | EARL MOORE JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TARIK FISHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | CHRISTOPHER GRIFFIN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1973 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GovernmentGrantsAmt | 0 | 617175 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 839431 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 74512 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 74512 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 216750 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 209276 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 176376 |
| IRS990/InterestGrp/TotalAmt | 0 | 176376 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 187 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 187 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 12 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 4003631 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3957655 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3831652 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 7835283 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME PERSONS AND FAMILIES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 5812683 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 5697305 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -1672864 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1736951 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -1672864 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -1736951 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 76396 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 76396 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 14364 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 14364 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MAINTENANCE PAYROLL REI |
| IRS990/OtherExpensesGrp/Desc | 1 | GARBAGE & TRASH REMOVAL |
| IRS990/OtherExpensesGrp/Desc | 2 | MANAGER SALARY REIMBURS |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 49202 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 17686 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 73944 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 49293 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 31504 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 73944 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 49293 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 49202 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 49190 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 20426 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 22461 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS REVENUE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 389 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 389 |
| IRS990/OtherRevenueTotalAmt | 0 | 389 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 22636 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 22636 |
| IRS990/PrincipalOfficerNm | 0 | RASHAD HINNANT |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LAUNDRY AND VENDING RE |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | TENANT CHARGES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 213558 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 5593 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 2529 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 213558 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 5593 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 2529 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 626164 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 141 |
| IRS990/PYOtherExpensesAmt | 0 | 939298 |
| IRS990/PYOtherRevenueAmt | 0 | 1108 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 235999 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -75886 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 939298 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 863412 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -64087 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 222069 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 308912 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 261654 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 3170314 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 6897449 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 22501 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 170202 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 192703 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 903518 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 41291 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 40725 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 663115 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 703840 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 22461 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT DEPOSITS HELD IN TRUST |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 839431 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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 2024. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3831652 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 903518 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 22461 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 839431 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 839431 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 903518 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TOMULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX ISREGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TORENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE INFORMATION IS AVAILABLE UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SUPPLIES: PROGRAM SERVICE EXPENSES 26,968. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,968. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,750. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 18,504. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,504. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 15,238. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,238. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 12,493. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,493. OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,284. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,284. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 24E |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 4408784 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4531036 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 4408784 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 617175 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 189061 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 714457 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 903518 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 6203900 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 6145735 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 6203900 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 6145735 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -1672864 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -1736951 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 714457 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 221680 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 187 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 222069 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 839431 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 10 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4531036 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 4408784 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 43527 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 43527 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 300 EAST JOHN STREET |
| IRS990/USAddress/CityNm | 0 | MATTHEWS |
| IRS990/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/USAddress/ZIPCd | 0 | 28105 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RASHAD HINNANT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7042285415 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ALPHA ARMS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ALPH |
| ReturnHeader/Filer/EIN | 0 | 561082871 |
| ReturnHeader/Filer/PhoneNum | 0 | 7042285415 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 300 EAST JOHN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MATTHEWS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28105 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 844233121 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SHARPE PATEL CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5510 SIX FORKS ROAD SUITE 140 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | RALEIGH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27609 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7044993893 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.