2024-09-03T14:09:13+00:00 2023-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990EZ 2023-01-01 541579956 Galax Community Apartments Corporation GALA 5403822002 448 Depot Street Christiansburg VA 24073 Jeffrey Reed Treasurer 2024-09-03 true Kevin Rayfield P00290535 3368895156 2024-09-03 2023 2024-08-08 14:25:15Z X X N/A X X 72591 X 71558 92 0 0 0 941 72591 0 21835 2933 66256 91024 -18433 358710 0 340277 X 10205 2330 280527 262441 74862 79573 365594 344344 6884 4067 358710 340277 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. 91024 91024 Ana Castilla Vice Chair 1.000 0 0 0 Charles Famuliner Past Chair 1.000 0 0 0 Debbie Sherman Lee Member 1.000 0 0 0 Freddie Paige member 1.000 0 0 0 John Randolph Member 1.000 0 0 0 Racquel Reddie Chair 1.000 0 0 0 Shawn McMahon Member 1.000 0 0 0 Susan Sisk Member 1.000 0 0 0 Janaka Casper CEO 1.000 0 0 0 Jeffrey Reed President 1.000 0 0 0 Andy Hall COO 1.000 0 0 0 Lance Sutherland EVP/CFO 1.000 0 0 0 false false false false false 0 false false 0 0 0 false false VA Jeffrey Reed 448 Depot Street Christiansburg VA 24073 5403822002 false false false false false false false false false false false true X 0 64026 63452 144838 72171 71558 416045 0 0 0 64026 63452 144838 72171 71558 416045 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 416045 84 69 44 38 92 327 0 84 69 44 38 92 327 0 0 0 0 0 0 0 64110 63521 144882 72209 71650 416372 0.9992 0.9992 0 0.0008 X Form 990-EZ, Part I, Line 8 Other Revenue Other Revenue - 941; Form 990-EZ, Part I, Line 16 Other Expenses Administrative Expenses - 13879; Utilities - 7526; Operating and Maintenance - 11501; Depreciation - 21720; Taxes and Insurance - 2674; Financial Expenses - 425; Advertising - 155; Legal - 246; Payroll Taxes - 2158; Taxes - 235; Other Employee Benefits - 5083; Office Expenses - 654; Form 990-EZ, Part II, Line 24b Other Assets PREPAID EXPENSES - BOY:1419,EOY:1669; RESTRICTED DEPOSITS AND FUNDED RESERVES - BOY:46136,EOY:54318; Tenant security deposit - BOY:2793,EOY:3149; Accounts Receivable (net) - BOY:768,EOY:325; Other Assets - BOY:23746,EOY:20112; Form 990-EZ, Part II, Line 26b Total Liabilities ACCOUNTS PAYABLE - BOY:3322,EOY:1830; Tenant SECURITY DEPOSITS - BOY:1793,EOY:1944; Prepaid Rent - BOY:1769,EOY:293; Form 990-EZ, Part V, Information Regarding Personal Benefit Contracts 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.