2023-11-13T08:44:06-06:00 2023-06-30 550771624 PERRY & ASSOCIATES CPA'S AC 128 S MARIETTA STREET ST CLAIRSVILLE OH 43950 990 2022-07-01 550730693 WESTLAND ADAMS MANAGEMENT CORPORATION DBA ADAMS APARTMENTS WEST 3044851721 2121 7TH STREET PARKERSBURG WV 26101 GARY LOUGHNER PRESIDENT 3043050386 2023-11-13 1 GARY LOUGHNER 999009999 0 CHRISTINE MILEWSKY CPA P01712873 7406951569 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY LOUGHNER 105 HERON DR ST MARYS WV 26170 125520 0 X N/A X 1994 WV TO DEVELOP AND OPERATE A 16 UNIT APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES 6 6 0 0 0 0 57898 72738 47205 50980 49 64 1880 1738 107032 125520 0 0 0 0 0 0 0 0 0 123178 167476 123178 167476 -16146 -41956 597366 555346 12873 13116 584493 542230 TO PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES TO PROMOTE COMMUNITY PRIDE AND COHESION, INDIVIDUAL SELF-ESTEEM, SELF-SUFFICIENCY, AND FORMATION OF STRONG FAMILIES AND OTHER RELATIONSHIPS IN THE COMMUNITY. 0 0 122242 52782 TO PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES TO PROMOTE COMMUNITY PRIDE AND COHESION, INDIVIDUAL SELF-ESTEEM, SELF-SUFFICIENCY AND FORMATION OF STRONG FAMILIES AND OTHER RELATIONSHIPS IN THE COMMUNITY. 122242 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 WV X SARA LIFE CHIEF FINANCIAL OFFICER 3044851721 2121 7TH STREET PARKERSBURG WV 26101 X GARY LOUGHNER PRESIDENT 1.00 X X 0 0 0 LIZ FORD VICE PRESIDENT 1.00 X X 0 0 0 SHELENE SHREWSBURY MEMBER 1.00 X 0 0 0 CECILIA BROWN MEMBER 1.00 X 0 0 0 WILLIAM L WEBB SECRETARY/TREASURE 1.00 X X 0 0 0 F JEAN PHILLIPS MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 72738 72738 RENTAL INCOME 531110 50980 50980 50980 64 64 LAUNDRY 531110 1738 1738 1738 125520 52782 0 0 12515 12515 8348 8348 18883 18883 28580 28580 REPAIRS AND IMPROVEMENT 42545 42545 CONTRACTUAL SERVICES 25294 25294 SURPLUS CASH REPAYMENT 20817 20817 TAXES AND PROPERTY INSU 6940 6940 3554 3554 167476 122242 45234 0 11207 2845 121891 64585 320 0 1125089 640968 460307 484121 3641 3795 597366 555346 9726 9695 3147 3421 12873 13116 X -385607 -427870 970100 970100 584493 542230 597366 555346 -41956 -307 0 X X 0 1 X 1 0 X 48426 56243 55634 55898 72738 288939 48426 56243 55634 55898 72738 288939 288939 44261 47222 46480 47254 51044 236261 1359 10200 431 1880 1738 15608 540808 0.53430 0.51320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 946391 601716 344675 78055 38609 39446 643 643 0 484121 TENNANT SECURITY DEPOSITS 3421 3421 X 125520 0 125520 0 125520 167476 0 167476 0 167476 PART X, LINE 2: NEITHER THE PROJECT NOR ITS NONPROFIT CORPORATE OWNERS ARE SUBJECT TO INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PROJECT, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FEDERAL FORM 990) FOR 2020, 2021 AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B PREPARED BY ACCOUNTING FIRM AND REVIEWED BY THE CFO OF THE MANAGEMENT COMPANY FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST 990 LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.