2023-10-20T14:41:53-05:00 2022-12-31 440160260 FORVIS LLP 1829 EASTCHESTER DRIVE HIGH POINT NC 27265 990EZ 2022-01-01 541579956 GALAX COMMUNITY APARTMENTS CORPORATION GALA 5403822002 448 DEPOT STREET CHRISTIANSBURG VA 24073 JEFFREY REED TRESURER 5403822002 2023-10-16 1 JEFFREY REED 999009999 0 KEVIN RAYFIELD P00290535 3368895156 2023-10-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X N/A X X 73026 X 72171 38 817 73026 18441 2765 58838 80044 -7018 365728 0 358710 X 15440 10205 299039 280527 63324 74862 377803 365594 12075 6884 365728 358710 X LOW INCOME HOUSING THE CORPORATION OWNS AND OPERATES 10 UNITS OF HOUSING FOR THE CHRONICALLY MENTALLY ILL LOCATED IN GALAX, VA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL ACT REGULATED BY HUD. 0 80044 80044 X ANDY HALL CHIEF OPERATIONS OFFICER 1.00 0 0 0 CHARLES FAMULINER BOARD CHAIR 1.00 0 0 0 DEBORAH SHERMAN-LEE MEMBER 1.00 0 0 0 JANAKA CASPER CHIEF EXECUTIVE OFFICER 1.00 0 0 0 JEFFREY K REED PRESIDENT/TREASURER 1.00 0 0 0 JOHN RANDOLPH MEMBER 1.00 0 0 0 RACQUEL REDDIE VICE CHAIR 1.00 0 0 0 SUSAN SISK PAST CHAIR 1.00 0 0 0 DAVID SCHULTZ SENIOR VICE PRESIDENT 1.00 0 0 0 LANCE SUTHERLAND EVP/CFO 1.00 0 0 0 SAMANTHA BROWN VICE PRESIDENT 1.00 0 0 0 MARK JACKSON VICE PRESIDENT 1.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VA JEFFREY REED 448 DEPOT STREET CHRISTIANSBURG VA 24073 5403822002 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 60240 64026 63452 144838 72171 404727 60240 64026 63452 144838 72171 404727 0 0 0 404727 109 84 69 44 38 344 109 84 69 44 38 344 60349 64110 63521 144882 72209 405071 0.99920 0.99890 0.00080 0.00110 X FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: FINANCIAL REVENUE. AMOUNT: 38. FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: OTHER REVENUE. AMOUNT: 817. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 12,601. DESCRIPTION: UTILITIES. AMOUNT: 7,586. DESCRIPTION: OPERATING AND MAINTENANCE. AMOUNT: 6,056. DESCRIPTION: PAYROLL TAXES. AMOUNT: 1,914. DESCRIPTION: FINANCIAL EXPENSES. AMOUNT: 118. DESCRIPTION: DEPRECIATION. AMOUNT: 22,468. DESCRIPTION: TAXES & LICENSES. AMOUNT: 235. DESCRIPTION: PROPERTY & LIABILITY INSURANCE. AMOUNT: 2,401. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 417. DESCRIPTION: ADVERTISING. AMOUNT: 89. DESCRIPTION: EMPLOYEE BENEFITS . AMOUNT: 4,953. TOTAL TO FORM 990-EZ, LINE 16: 58,838. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,436. END OF YEAR AMOUNT: 1,419. DESCRIPTION: RESTRICTED DEPOSITS AND FUNDED RESERVES. BEG. OF YEAR AMOUNT: 31,265. END OF YEAR AMOUNT: 46,136. DESCRIPTION: TENANT SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 2,721. END OF YEAR AMOUNT: 2,793. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 200. END OF YEAR AMOUNT: 768. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 27,702. END OF YEAR AMOUNT: 23,746. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3,045. END OF YEAR AMOUNT: 3,322. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 1,726. END OF YEAR AMOUNT: 1,793. DESCRIPTION: PREPAID RENT. BEG. OF YEAR AMOUNT: 454. END OF YEAR AMOUNT: 1,769. DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 6,850. END OF YEAR AMOUNT: 0. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.