2023-11-09T10:04:57-06:00 2022-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-01-01 141870784 COTTAGES OF CHESTER VILLAGE INC COTT 3367653906 2585 W CLEMMONSVILLE RD SUITE 10 WINSTONSALEM NC 27127 STEVEN BISHOP PRESIDENT 3367653906 2023-11-08 1 STEVEN BISHOP 999009999 0 IRISH THURSTON P01662190 3362944494 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE COTTAGES OF CHESTER VILLAGE STEVEN BISHOP 2585 W CLEMMONSVILLE RD SUITE 102 WINSTONSALEM NC 27127 127681 0 X N/A X 2002 SC LOW INCOME HOUSING SERVICES 6 6 0 6 0 0 78623 67820 62126 59858 3 3 0 0 140752 127681 0 0 0 0 0 0 0 0 0 171914 140292 171914 140292 -31162 -12611 883058 863315 20281 13149 862777 850166 TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY IN CHESTER VILLAGE, SC 0 0 132827 59858 OPERATING A 19 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY INDIVIDUALS UNDER SECTION 202 OF THE U.S. HOUSING ACT OF 1959. 132827 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X NC HOUSING SERVICES & MANAGEMENT CO 3367653906 2585 W CLEMMONSVILLE RD SUITE 102 WINSTONSALEM NC 27127 X L STEVENS BISHOP CHAIRMAN 0.00 X X 0 0 0 ANNIE MCFADDEN DIRECTOR 0.00 X 0 0 0 BRENDA T MCBRAYER DIRECTOR 0.00 X 0 0 0 WYLIE GLENN FREDERICK DIRECTOR 0.00 X 0 0 0 KATHI P GADDY DIRECTOR 0.00 X 0 0 0 LEONARD PRICE DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 67820 67820 TENANT RENTAL PAYMENTS 531110 58946 58946 LAUNDRY AND VENDING 531110 912 912 59858 3 3 127681 59858 0 3 X 14432 14432 4037 4037 7662 7662 21835 21835 32587 32587 7688 7688 MANAGER SALARY REIMBURS 13250 13250 CONTRACTS 8481 8481 NURSING HOME EXPENSES 6930 6930 PAYROLL REIMBURSEMENT 5395 5395 17995 14567 3428 140292 132827 7465 0 12625 21469 34639 38973 572 28 4054 3248 1383496 590710 825373 792786 5795 6811 883058 863315 13833 6330 653 8 5795 6811 20281 13149 X 862777 850166 862777 850166 883058 863315 -12611 0 X 0 1 X 1 1 1 X 71657 75367 77818 78623 67820 371285 59819 58900 63919 62126 59858 304622 131476 134267 141737 140749 127678 675907 0 0 0 675907 4 2 3 3 3 15 4 2 3 3 3 15 131480 134269 141740 140752 127681 675922 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70000 70000 1284436 564743 719693 14880 14880 0 14180 11087 3093 792786 TENANT SECURITY DEPOSITS 6811 6811 X 127681 0 127681 0 127681 140292 0 140292 0 140292 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 2022. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION. THE APARTMENT COMPLEX FOR LOW-INCOME AND ELDERLY INDIVIDUALS IS REGULATED BY U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION A, LINE 8B ALL DECISIONS REGARDING THE ENTITY MUST BE AGREED UPON BY A MAJORITY OF THE BOARD MEMBERS. NO BOARD MEMBER MAY ACT INDEPENDENTLY OF THE BOARD IN MATTERS REGARDING THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS REVIEW THE 990 FILING AS WELL AS THE YEAR END FINANCIAL STATEMENTS AT A REGULAR SCHEDULED MEETING. FORM 990, PART VI, SECTION C, LINE 19 ALL TAX RETURNS, OTHER GOVERNMENT FILINGS, AND FINANCIAL STATEMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS FOR PUBLIC INSPECTION AT THE OFFICES OF THE MANAGEMENT COMPANY, NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION, 2585 W. CLEMMONSVILLE RD., SUITE 102, WINSTON-SALEM, NC 27127. FORM 990, PART IX, LINE 24E GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 4,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,011. MISCELLANEOUS ADMIN EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,428. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,428. OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 2,736. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,736. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 1,992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,992. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 1,550. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,550. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 1,424. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,424. MISCELLANEOUS OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 1,015. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,015. BAD DEBTS: PROGRAM SERVICE EXPENSES 740. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 740. SUPPLIES: PROGRAM SERVICE EXPENSES 550. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 550. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 549. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 549.