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Nonprofiteer
← ANOINTED ACRES HOUSING DEVELOPMENT

Form 990 for tax year 2023

Filed by ANOINTED ACRES HOUSING DEVELOPMENT.

Totals

Total revenue
$353,305
Total expenses
$464,327
Contributions and grants received
$97,420
Grants paid
$0
Program service revenue
$248,069
Investment income
$2,980
Other revenue
$4,836
Total assets, end of year
$2,238,317
Total liabilities, end of year
$94,601
Net assets or fund balances, end of year
$2,143,716
Program services expenses (Part IX)
$397,756
Management and general expenses
$66,571
Fundraising expenses
$0
Program service expenses (Part III)
$397,756

Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $97,420

  • 2a · Program service revenue: RENTAL INCOME

    total $248,069 · related or exempt $248,069

  • 3 · Investment income

    total $12,424 · excluded $12,424

  • 7b · Less cost or other basis and sales expenses

    other assets $9,444

  • 7c · Gain or loss

    other assets -$9,444

  • 7d · Net gain or loss

    total -$9,444 · related or exempt -$9,444

  • 11a · Other revenue: LAUNDRY & VENDING

    total $2,631 · excluded $2,631

  • 11b · Other revenue: TENANT CHARGES

    total $2,133 · excluded $2,133

  • 11c · Other revenue: OTHER REVENUE-MISC.

    total $72 · excluded $72

  • 11e · Other revenue, total

    $4,836

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $41,415 · management and general $41,415

  • 11b · Fees: legal

    total $2 · management and general $2

  • 11c · Fees: accounting

    total $6,422 · management and general $6,422

  • 13 · Office expenses

    total $14,316 · management and general $14,316

  • 14 · Information technology

    total $2,102 · management and general $2,102

  • 16 · Occupancy

    total $267,016 · program services $267,016

  • 17 · Travel

    total $785 · management and general $785

  • 19 · Conferences, conventions and meetings

    total $454 · management and general $454

  • 22 · Depreciation, depletion and amortization

    total $99,340 · program services $99,340

  • 23 · Insurance

    total $1,075 · management and general $1,075

  • 24a · Other expenses: MTG. CO EMPLOYEE CHARGE

    total $30,647 · program services $30,647

  • 24b · Other expenses: BAD DEBTS

    total $753 · program services $753

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,836 · end of year $1,211

  • 4 · Accounts receivable

    beginning of year $3,387 · end of year $3,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,644 · end of year $22,539

  • 10a · Land, buildings and equipment: cost or other basis

    $4,163,801

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,269,021

  • 10c · Land, buildings and equipment, net

    beginning of year $1,947,063 · end of year $1,894,780

  • 13 · Investments: program-related

    beginning of year $323,029 · end of year $297,256

  • 15 · Other assets

    beginning of year $18,392 · end of year $19,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,764 · end of year $69,262

  • 19 · Deferred revenue

    beginning of year $2,397 · end of year $683

  • 25 · Other liabilities

    beginning of year $20,452 · end of year $24,656

  • 27 · Net assets without donor restrictions

    beginning of year $2,254,738 · end of year $2,143,716

Mission and programs · 2023

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 59-UNIT APARTMENT COMMUNITY IN GREENSBORO, NORTH CAROLINA, KNOWN AS NBA ANOINTED ACRES, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

  • THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 59-UNIT APARTMENT COMMUNITY IN GREENSBORO, NORTH CAROLINA, KNOWN AS NBA ANOINTED ACRES, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

    Expenses $397,756 · Revenue $238,625

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Claretta Witherspoon

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Amy Yandell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • M Ruth McCoy

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Wanda Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ronald Glover

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Paula Ritter Lipscomb

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ellen Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202541289349301994

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