Totals
- Total revenue
- $2,974,537
- Total expenses
- $2,741,918
- Contributions and grants received
- $1,538,384
- Grants paid
- $600,000
- Program service revenue
- $879,198
- Investment income
- $556,955
- Other revenue
- $0
- Total assets, end of year
- $8,644,085
- Total liabilities, end of year
- $5,530,104
- Net assets or fund balances, end of year
- $3,113,981
- Program services expenses (Part IX)
- $2,668,758
- Management and general expenses
- $73,160
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,668,758
Program services were 97.3% 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)
$1,538,384
-
2a · Program service revenue: APARTMENT RENTALS
total $638,547 · related or exempt $638,547
-
2b · Program service revenue: K-1 RENTAL INCOME
total $175,116 · related or exempt $175,116
-
2c · Program service revenue: DEVELOPER FEES
total $33,007 · related or exempt $33,007
-
2d · Program service revenue: INTEREST INCOME N/R
total $21,528 · related or exempt $21,528
-
2e · Program service revenue: INCOME FROM DISTRIBUTI
total $11,000 · related or exempt $11,000
-
3 · Investment income
total $34,340 · excluded $34,340
-
7a · Gross sales of assets other than inventory
other assets $613,560
-
7b · Less cost or other basis and sales expenses
other assets $90,945
-
7c · Gain or loss
other assets $522,615
-
7d · Net gain or loss
total $522,615 · excluded $522,615
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $600,000 · program services $600,000
-
5 · Compensation of officers, directors and key employees
total $33,660 · management and general $33,660
-
7 · Other salaries and wages
total $136,939 · program services $136,939
-
9 · Other employee benefits
total $20,928 · program services $20,928
-
10 · Payroll taxes
total $20,245 · program services $20,245
-
11a · Fees: management
total $198,275 · program services $198,275
-
11b · Fees: legal
total $32,385 · program services $32,385
-
11c · Fees: accounting
total $39,500 · management and general $39,500
-
12 · Advertising and promotion
total $835 · program services $835
-
13 · Office expenses
total $21,105 · program services $21,105
-
16 · Occupancy
total $90,382 · program services $90,382
-
20 · Interest
total $417,679 · program services $417,679
-
22 · Depreciation, depletion and amortization
total $196,441 · program services $196,441
-
23 · Insurance
total $91,045 · program services $91,045
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $752,418 · program services $752,418
-
24b · Other expenses: TAXES
total $68,410 · program services $68,410
-
24c · Other expenses: MISC ADMIN EXPENSES
total $13,768 · program services $13,768
-
24d · Other expenses: TRAINING
total $6,645 · program services $6,645
-
24e · All other expenses
total $1,258 · program services $1,258
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,178,681 · end of year $888,523
-
2 · Savings and temporary cash investments
beginning of year $1,483,732 · end of year $1,357,454
-
4 · Accounts receivable
beginning of year $14,800 · end of year $1,922
-
7 · Other notes and loans receivable
beginning of year $437,373 · end of year $429,941
-
9 · Prepaid expenses and deferred charges
beginning of year $41,661 · end of year $43,723
-
10a · Land, buildings and equipment: cost or other basis
$8,236,491
-
10b · Land, buildings and equipment: accumulated depreciation
$5,352,604
-
10c · Land, buildings and equipment, net
beginning of year $3,281,799 · end of year $2,883,887
-
13 · Investments: program-related
beginning of year $2,077,953 · end of year $2,196,170
-
15 · Other assets
beginning of year $800,693 · end of year $842,465
-
17 · Accounts payable and accrued expenses
beginning of year $51,484 · end of year $160,435
-
23 · Secured mortgages and notes payable
beginning of year $6,364,536 · end of year $5,349,557
-
25 · Other liabilities
beginning of year $19,310 · end of year $20,112
-
27 · Net assets without donor restrictions
beginning of year $2,881,362 · end of year $3,113,981
Mission and programs · 2024
Mission
TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY AND TO FOSTER THE DEVELOPMENT OF LOW AND MODERATE-INCOME HOUSING TO ELDERLY AND LOW INCOME FAMILIES.
Activities or mission (Part I)
TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES AND TO PROMOTE SOCIAL WELFARE.
-
THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES. THE ORGANIZATION ALSO PROMOTES SOCIAL WELFARE OF THE COMMUNITY BY MAKING GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS.
Expenses $2,668,758 · Grants $600,000 · Revenue $879,198
As filed on the 2024 return.
Listed in Part VII
-
Es MelvinES MELVIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Anne MooreANNE MOORE
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Terri M GunnTERRI M GUNN
VP & SECRETARY
- Total calculated
- $36,660
- From this org
- $36,660
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Robin BrittROBIN BRITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shirley FryeSHIRLEY FRYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David RouthDAVID ROUTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William StoneWILLIAM STONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
YMCA OF GREENSBORO CAMP WEAVER
$600,000
TO SUPPORT OPPROTUNITIES FOR CHILDREN TO GROW, LEARN, AND CREATE MEMORIES.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
HOI LIMITED PARTNERSHIP OF ALLENDALE
RELATED · APARTMENT RENTALS · NC · 0.01% owned · share of income $5 · share of assets $5,808 · general or managing partner
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF ALLENDALE
RELATED · APARTMENT RENTALS · NC · 98.99% owned · share of income $53,350 · share of assets $582,425
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF CHADBOURN
RELATED · APARTMENT RENTALS · NC · 0.01% owned · share of income $3,706 · general or managing partner
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF CHADBOURN
RELATED · APARTMENT RENTALS · NC · 98.99% owned · share of income $146,204
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF COLUMBIA
RELATED · APARTMENT RENTALS · NC · 1% owned · share of income $4 · share of assets -$72,370 · general or managing partner
-
HOI LIMITED PARTNERSHIP OF GAFFNEY
RELATED · APARTMENT RENTALS · NC · 1% owned · share of income $1 · share of assets -$105,893 · general or managing partner
-
HOI LIMITED PARTNERSHIP OF GREELEYVILLE
RELATED · APARTMENT RENTALS · NC · 0.01% owned · share of income $1 · share of assets $7,185 · general or managing partner
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF GREELEYVILLE
RELATED · APARTMENT RENTALS · NC · 98.99% owned · share of income $11,783 · share of assets $558,374
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF HAMLET
RELATED · APARTMENT RENTALS · NC · 0.01% owned · share of income $2,468 · general or managing partner
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF HAMLET
RELATED · APARTMENT RENTALS · NC · 98.99% owned · share of income $128,817
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF LENOIR
RELATED · APARTMENT RENTALS · NC · 1% owned · share of income -$231 · share of assets $704,944 · general or managing partner
-
HOI LIMITED PARTNERSHIP OF PAGELAND
RELATED · APARTMENT RENTALS · NC · 1% owned · share of income $5 · share of assets -$69,974 · general or managing partner
-
HOI LIMITED PARTNERSHIP OF SOUTHERN PINES
RELATED · APARTMENT RENTALS · NC · 1% owned · share of income $7 · share of assets -$65,204 · general or managing partner
-
HOI LIMITED PARTNERSHIP OF SMITHFIELD
RELATED · APARTMENT RENTALS · NC · 100% owned · share of income $140,505 · share of assets $1,858,560 · general or managing partner
Directly controlled by HOUSING OPPORTUNITIES INC
-
HOI LIMITED PARTNERSHIP OF COLUMBUS
RELATED · APARTMENT RENTALS · NC · 99.99% owned · share of income -$496,696
Directly controlled by HOUSING OPPORTUNITIES INC
-
CAMDEN COVE LIMITED PARTNERSHIP
RELATED · APARTMENT RENTALS · NC · 99.99% owned · share of income -$41,699 · share of assets $836,655
Directly controlled by HOUSING OPPORTUNITIES INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
HOI CAMDEN COVE GP INC
C · APARTMENT RENTAL · NC · 100% owned · share of income -$2 · share of assets $350
-
HOI COLUMBUS GP INC
C · APARTMENT RENTAL · NC · 100% owned · share of income $113
-
HOI FOREST GLEN GP INC
C · APARTMENT RENTAL · NC · 100% owned · share of income $181,199
-
HOI WOODBRIDGE GP INC
C · APARTMENT RENTAL · NC · 100% owned · share of income -$14 · share of assets $247
-
HOI LIMITED PARTNER INC
C · APARTMENT RENTAL · NC · 100% owned · share of assets $2,774
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349307355
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