2025-06-25T10:15:53-05:00 2024-09-30 311119890 Barnes Dennig & Co LTD 8470 Allison Pointe Blvd Suite 200 Indianapolis IN 46250 990 2023-10-01 351432669 Alpha Properties Inc ALPH 8124326272 13091 Benedict Drive Dillsboro IN 47018 Erin Thomas Executive Director 8124326272 2025-06-23 1 1 Paula Hume P00537516 3175721130 2025-06-23 2023 2025-03-06 01:10:19Z Dillsboro Village Apartments Erin Thomas 13091 Benedict Drive Dillsboro IN 47018 322189 0 X N/A X 1978 IN Housing for the elderly and disabled. 4 4 0 13 0 0 171695 170020 131950 151083 138 177 212732 909 516515 322189 0 0 0 0 84134 91542 0 0 0 469970 249193 554104 340735 -37589 -18546 679304 741359 670680 751281 8624 -9922 Housing for the elderly and disabled. 0 0 292166 151992 Alpha Properties, Inc. owns and operates a 40 unit apartment complex for the elderly and disabled under Section 202 of the National Housing Act. 292166 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 1 4 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Erin Thomas 8124326272 13091 Benedict Drive Dillsboro IN 47018 Doug Rump Vice-Chairman 5.00 5.00 X X 0 0 0 Ron Richard Chairman 5.00 5.00 X X 0 0 0 Doug Garner Secretary 5.00 5.00 X X 0 0 0 Frieda Rickerson- Exit 724 Treasurer 5.00 5.00 X X 0 0 0 Casey Robinson Treasurer 5.00 5.00 X X 0 0 0 Erin Thomas Executive Director 1.00 39.00 X 0 90128 1800 0 90128 1800 0 0 0 0 0 170020 170020 Rental 531110 148142 148142 Laundry & Vending Reve 531110 2941 2941 151083 177 177 Restricted Local Reven 900099 750 750 UA Reimbursement Reven 900099 159 159 909 322189 151992 0 177 64122 59028 5094 4523 4071 452 22897 20607 2290 23897 21507 2390 18972 18972 18594 18594 21141 21141 44895 44895 4970 4473 497 Utilities expense 42059 42059 Contracts 40646 40646 Supplies 27652 27652 Snow removal/trash remo 3569 3569 2798 2518 280 340735 292166 48569 0 26416 21248 1358 4108 681 681 7804 7804 1952416 1615496 381815 336920 3992 2700 257238 367898 679304 741359 58071 125438 599470 611979 13139 13864 670680 751281 X 8624 -9922 8624 -9922 679304 741359 -18546 0 X X 0 1 X 1 1 1 X 178192 182632 179479 171695 170020 882018 103698 107503 128206 131950 151083 622440 281890 290135 307685 303645 321103 1504458 0 0 0 1504458 126 74 66 138 177 581 126 74 66 138 177 581 17960 8147 146618 212732 909 386366 299976 298356 454369 516515 322189 1891405 0.79540 0.78570 0.00030 0.00030 X Schedule A, Part III, Line 12, Explanation of Other Income: Laundry vending - 2019 Amount: $ 2,215. 2020 Amount: $ 2,203. Miscellaneous - 2023 Amount: $ 909. SNAC Site Contract - 2019 Amount: $ 13,745. 2020 Amount: $ 4,400. Special Claims - Properties - 2019 Amount: $ 2,000. 2020 Amount: $ 1,544. Debt Forgiveness - 2021 Amount: $ 146,618. Insurance Claim Income - 2022 Amount: $ 212,732. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66524 66524 1716393 1445997 270396 114187 114187 0 9092 9092 0 46220 46220 0 336920 Escrow deposits 10634 Replacement reserves 254610 Residual receipts 16982 Construction in Progress 85672 367898 Tenant security deposits 13864 13864 X 322189 0 322189 0 322189 340735 0 340735 0 340735 Part X, Line 2: Alpha Properties, Inc. (Alpha) is exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. As such, no provision has been made for income taxes. Alpha believes it has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Form 990, Part VI, Section A, line 3 Lifetime Resources has a management agreement with Alpha Properties/HUD. Lifetime Resources is responsible for budgeting, asset management, and property management of Alpha properties. Form 990, Part VI, Section B, line 11b Alpha Properties, Inc.'s Form 990 and all related schedules, statements and attachments are reviewed and approved by the Executive Director prior to finalizing and filing these tax returns with the Internal Revenue Service. The tax return is then presented to the full Board of Directors for review and approval at a board meeting. Form 990, Part VI, Section B, line 12c Each member of the board of directors and employees is required to complete a conflict of interest statement on an annual basis. The process is monitored by the Executive Director who then reports to the board of Directors Executive Committee. Form 990, Part VI, Section B, line 15 Alpha Properties, Inc. (Alpha) does not have any employees. Alpha does not compensate its officers or key employees. Alpha Properties, Inc. (Alpha) does not have any employees. Alpha does not compensate its executive director or top management. Form 990, Part VI, Section C, line 19 Alpha Properties, Inc. makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our Executive Director and received at our corporate office address. Form 990, Part XII, Line 2c: No changes in process from the prior year. Form 990; Part V; Line 2a Alpha Properties, Inc. (Alpha) does not have any employees. All staffing requirements are provided by Lifetime Resources (Lifetime), a related tax exempt section 501(c)(3) organization. The only employees billed to Alpha are a property manager and maintenance. Alpha reimburses Lifetime for its direct staffing costs and reports them in the appropriate Functional Expenses line items disclosure. Alpha's Executive Director and Board of Directors determine and sets all staffing compensation rates, which are based on periodic through review of all related issues, salary surveys, consultation with independent persons, review of comparable data and deliberation. Lifetime Housing Group Inc 13091 Benedict Drive Dillsboro IN 47018 351341343 Low-Income Housing IN 501(c)(3) 7 0 Lifetime Resources Inc 13091 Benedict Drive Dillsboro IN 47018 352076514 Social Services IN 501(c)(3) 7 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 LifeTime Resources Inc L 23897 LifeTime Resources Inc P 149643