2011-11-01T15:00:24-05:00 2011-06-30 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2010-07-01 620789892 TREVECCA TOWERS INC TREV 6152446911 60 Lester Avenue Nashville TN 37210 DR EDWARD WHITTINGTON 2011-10-30 true 6153605500 2010 2016-03-07 17:11:31Z DR EDWARD H WHITTINGTON 60 LESTER AVENUE NASHVILLE TN 37210 2634294 false X WWW.TREVECCATOWERS.COM X 1965 TN RENTAL OF HOUSING UNITS AND RELATED FACILITIES FOR OCCUPANCY AND USE BY ELDERLY FAMILIES AND INDIVIDUALS IN ACCORDANCE WITH THE NATIONAL HOUSING ACT. 5 5 33 5 0 0 0 124062 2602025 2488662 1724 859 32484 20711 2636233 2634294 0 0 0 0 593904 569508 0 0 0 2185044 2194223 2778948 2763731 -142715 -129437 6944814 6747101 7449066 7380790 -504252 -633689 RENTAL OF HOUSING UNITS AND RELATED FACILITIES FOR OCCUPANCY AND USE BY ELDERLY FAMILIES AND INDIVIDUALS IN ACCORDANCE WITH THE NATIONAL HOUSING ACT. false 2190567 0 2488662 INCORPORATED TO PROVIDE RENTAL HOUSING AND RELATED FACILITIES FOR OCCUPANCY AND USE BY ELDERLY FAMILIES & INDIVIDUALS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD. RENTAL OF 328 UNITS TO APPROXIMATELY 350 RESIDENTS. THE LIFE TO YEARS PROGRAM OFFERS SEMINARS ON A WIDE VARIETY OF TOPICS INCLUDING IDENTITY THEFT, SCAMS, LEGAL NEEDS, AND HEALTH ISSUES. TWICE A YEAR THERE IS A CELEBRATION SEMINAR FOR RESIDENTS WHO HAVE REACHED THE LIFE TO YEARS PROGRAM BENCHMARKS. 2190567 true true false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 4 0 true 33 true false false false false false false false false false false X 5 5 false true false false false false false true true false false true false false false false false false X DR EDWARD H WHITTINGTON 6152446992 60 LESTER AVENUE NASHVILLE TN 37210 X X DR EDWARD H WHITTINGTON 1 X X 0 0 0 MS MARY FRANCES RUDY 1 X 0 0 0 MALCOLM AUDLT 1 X 0 0 0 DAN HATFIELD 1 X 0 0 0 DR HOMER J ADAMS 1 X X 0 0 0 0 0 0 0 false false false TERON ENTERPRISES 70 HART STREET NASHVILLE TN 37210 MANAGEMENT 153138 1 124062 124062 RENTAL INCOME 2488662 2488662 0 0 0 0 2488662 859 859 0 0 0 0 0 0 0 0 0 0 0 LAUNDRY AND VENDING REVENUE 3408 3408 MISCELLANEOUS REVENUE 17303 17303 0 0 0 0 20711 2634294 2488662 0 21570 0 0 0 0 0 0 348194 189837 158357 0 125170 125170 96144 96144 153138 153138 4726 4726 20433 20433 0 0 0 123312 123312 3073 3073 147233 82883 64350 0 0 645609 602363 43246 0 0 0 461379 461379 0 354719 354719 101752 101752 EQUIPMENT RENT & MAINTENANCE 176320 176320 BANK FEES 1735 1735 BAD DEBTS 794 794 0 0 0 0 2763731 2190567 573164 0 0 42331 6299 693099 798220 38916 38215 66431 69063 11001642 5577026 5685832 5424616 0 0 0 0 31937 43075 386268 367613 6944814 6747101 148283 147975 14983 17694 7155350 7081088 130450 134033 7449066 7380790 X -504252 -633689 -504252 -633689 6944814 6747101 -129437 0 X false true true X true true X 124062 124062 2267040 2544574 2530949 2602025 2488662 12433250 18870 32484 20691 72045 0 0 2267040 2544574 2549819 2634509 2633415 12629357 0 0 0 0 0 0 0 0 12629357 16233 6394 5160 1724 859 30370 0 16233 6394 5160 1724 859 30370 0 0 2283273 2550968 2554979 2636233 2634274 12659727 0.99760 0.99860 0.00240 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 415000 415000 10251224 5334512 4916712 0 271455 182657 88798 63963 59857 4106 5424616 DEFERRED FINANCING COSTS 303696 ESCROW DEPOSITS 63917 367613 0 TENANT SECURITY DEPOSIT LIAB. 92108 MISCELLANEOUS CURRENT LIABILITIES 41925 134033 2634294 2763731 -129437 0 0 -129437 2634294 0 0 2634294 0 0 2634294 2763731 0 0 2763731 0 0 2763731 FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE ORGANIZATION IS A TAX-EXEMPT ENTITY UNDER THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES A TAX POSITION AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE ORGANIZATION HAS NO AMOUNTS RELATED INTEREST OR PENALTIES DURING THE YEAR ENDED JUNE 30, 2011. DUE TO ITS TAX-EXEMPT STATUS; THE ORGANIZATION IS NOT SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX AND DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ORGANIZATION'S TAX YEARS 2008-2011 ARE OPEN UNDER APPLICABLE UNITED STATES STATUTES OF LIMITATIONS. Delegation of management duties Form 990, Part VI, Section A, Line 3 RON JONES, PRESIDENT OF TERON ENTERPRISES, INC., PROVIDES MANAGEMENT DUTIES TO TREVECCA TOWERS, INC. IN VARIOUS CAPACITIES. TERON ENTERPRISES, INC. OVERSEES THE DAY TO DAY OPERATIONS OF THE PLANT. TERON SUPERVISES THE HIRING, FIRING, AND TRAINING OF NEW EMPLOYEES. TERON SUPERVISES THE PERSONNEL AT TREVECCA TOWERS, PLANS AND OPERATES BUDGETS AND FINANCIAL OPERATIONS, AND SUPERVISES THE OPERATIONS OF THE ORGANIZATION. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE RETURN PREPARER DELIVERS ELECTRONICALLY, A COPY OF THE FINAL VERSION OF THE FORM 990 AND ALL RELATED SCHEDULES TO THE BOARD MEMBERS AND MANAGEMENT BEFORE THE FORM 990 IS FILED WITH THE IRS. BOARD MEMBERS AND MANAGEMENT HAVE AN OPPORTUNITY TO REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. ADDITIONALLY THE BOARD MEMBERS AND MANAGEMENT NORMALLY HAVE AN OPPORTUNITY TO DISCUSS THE FORM AT THE FOLLOWING BOARD MEETING. Public Disclosure Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. POLICIES FORM 990, PART VI, SECTION B, LINES 12-14 THE ORGANIZATION DOES NOT CURRENTLY HAVE A CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY OR DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A,15B THERE IS NO TOP MANAGEMENT OFFICIAL NOR ANY OTHER OFFICERS SO THESE QUESTIONS HAVE BEEN INTENTIONALLY MARKED 'NO' ON THE FORM 990. THE ORGANIZATION RELIES ON A MANAGEMENT COMPANY TO PERFORM THESE SERVICES FOR THE ORGANIZATION. BOARD MEMBER HOURS FOR RELATED ORGANIZATION FORM 990, PART VII, SECTION A, COLUMN B ALL THE BOARD MEMBERS SPEND 1HR A WEEK ON TREVECCA TOWERS II, A RELATED TAX-EXEMPT ORGANIZATION. TREVECCA TOWERS II INC 60 LESTER AVENUE NASHVILLE TN 37210 620919260 HOUSING TN 501(C)(3) 9 NA false false false false false false false false false false false false true true false false true true