2025-03-11T07:19:39-05:00 2024-06-30 550621482 GRAY GRIFFITH & MAYS AC 707 VIRGINIA STREETEASTSUITE 400 CHARLESTON WV 253012711 990 2023-07-01 550730693 WESTLAND ADAMS MANAGEMENT CORPORATION DBA ADAMS APARTMENTS WEST 3044851721 2121 7TH STREET PARKERSBURG WV 26101 KEVIN TRIPPETT CEO 3044851721 2025-03-06 1 0 J RYAN LINDSAY P01835061 3043459400 2023 2025-03-06 01:10:19Z KEVIN TRIPPETT 2121 7TH STREET PARKERSBURG WV 26101 133177 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. 5 5 0 0 0 0 72738 79577 50980 52011 64 28 1738 1561 125520 133177 0 0 0 0 0 0 0 0 0 167476 166443 167476 166443 -41956 -33266 555346 524361 13116 15397 542230 508964 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 134141 53600 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. 134141 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 5 5 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 FORMER PRESIDENT 1.00 X 0 0 0 MICHELLE CURTIS VICE PRESIDENT 1.00 X X 0 0 0 SHELENE SHREWSBURY PRESIDENT 1.00 X X 0 0 0 BRANDON GRESS MEMBER 1.00 X 0 0 0 WILLIAM L WEBB SECRETARY/TREASURY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 79577 79577 RENTAL INCOME 531110 52011 52011 52011 28 28 LAUNDRY 531110 1561 1561 1561 133177 53600 0 0 18592 18592 8190 8190 18427 18427 30206 30206 REPAIRS AND IMPROVEMENT 52238 52238 CONTRACTUAL SERVICES 21515 21515 TAXES AND PROPERTY INSU 11755 11755 OFFICE EXPENSES 5520 5520 166443 134141 32302 0 2845 14901 64585 51652 1125089 671173 484121 453916 3795 3892 555346 524361 9695 11809 3421 3588 13116 15397 X -427870 -461136 970100 970100 542230 508964 555346 524361 -33266 0 X X 0 1 X 1 0 X 56243 55634 55898 72738 79577 320090 56243 55634 55898 72738 79577 320090 320090 47222 46480 47254 51044 52039 244039 10200 431 1880 1738 1561 15810 579939 0.55190 0.53430 X 100000 100000 946391 613380 333011 78055 57150 20905 643 643 0 453916 TENANT SECURITY DEPOSITS PAYABLE 3588 3588 133177 0 133177 0 133177 166443 0 166443 0 166443 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 30,2024, 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 PART XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.