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← NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS INC.

Totals

Total revenue
$142,817
Total expenses
$135,848
Contributions and grants received
$74,041
Grants paid
$0
Program service revenue
$68,765
Investment income
$11
Other revenue
$0
Total assets, end of year
$801,466
Total liabilities, end of year
$1,395,633
Net assets or fund balances, end of year
-$594,167
Program services expenses (Part IX)
$129,660
Management and general expenses
$6,188
Fundraising expenses
$0
Program service expenses (Part III)
$129,660

Program services were 95.4% 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)

    $74,041

  • 2a · Program service revenue: TENANT RENTAL PAYMENTS

    total $68,765 · related or exempt $68,765

  • 3 · Investment income

    total $11 · excluded $11

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $12,150 · program services $12,150

  • 11c · Fees: accounting

    total $4,082 · management and general $4,082

  • 13 · Office expenses

    total $4,972 · program services $4,972

  • 16 · Occupancy

    total $11,268 · program services $11,268

  • 19 · Conferences, conventions and meetings

    total $1,290 · program services $1,290

  • 22 · Depreciation, depletion and amortization

    total $30,039 · program services $30,039

  • 23 · Insurance

    total $15,870 · program services $15,870

  • 24a · Other expenses: MANAGER SALARY REIMBURS

    total $14,496 · program services $14,496

  • 24b · Other expenses: SUPPLIES

    total $11,417 · program services $11,417

  • 24c · Other expenses: CONTRACTS

    total $10,686 · program services $10,686

  • 24d · Other expenses: PAYROLL REIMBURSEMENT

    total $8,548 · program services $8,548

  • 24e · All other expenses

    total $11,030 · program services $8,924 · management and general $2,106

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,810 · end of year $39,745

  • 2 · Savings and temporary cash investments

    beginning of year $81,331 · end of year $119,634

  • 4 · Accounts receivable

    beginning of year $1,801 · end of year $852

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,156 · end of year $3,842

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

    $1,422,478

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

    $791,165

  • 10c · Land, buildings and equipment, net

    beginning of year $661,352 · end of year $631,313

  • 15 · Other assets

    beginning of year $5,977 · end of year $6,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,182 · end of year $14,564

  • 19 · Deferred revenue

    beginning of year $4 · end of year $589

  • 23 · Secured mortgages and notes payable

    beginning of year $1,374,400 · end of year $1,374,400

  • 25 · Other liabilities

    beginning of year $5,977 · end of year $6,080

  • 27 · Net assets without donor restrictions

    beginning of year -$601,136 · end of year -$594,167

Mission and programs · 2022

Mission

NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY IN CHARLOTTE, NORTH CAROLINA, KNOWN AS TILLINGHAST PLACE APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO 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), WHILE HUD PAYS THE BALANCE OF THE RENT.

Activities or mission (Part I)

NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY IN CHARLOTTE, NORTH CAROLINA KNOWN AS TILLINGHAST PLACE APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO 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), WHILE HUD PAYS THE BALANCE OF THE RENT.

  • NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY IN CHARLOTTE, NORTH CAROLINA, KNOWN AS TILLINGHAST PLACE APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO 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), WHILE HUD PAYS THE BALANCE OF THE RENT.

    Expenses $129,660 · Revenue $68,765

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James McLeod Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Mark Dean Baucom

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Frances Collett Apperson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333199349311668

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