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← NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION

Form 990 for tax year 2023

Filed by NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION.

Totals

Total revenue
$4,676,066
Total expenses
$5,045,968
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,676,066
Investment income
$0
Other revenue
$0
Total assets, end of year
$828,575
Total liabilities, end of year
$483,759
Net assets or fund balances, end of year
$344,816
Program services expenses (Part IX)
$4,953,368
Management and general expenses
$92,600
Fundraising expenses
$0
Program service expenses (Part III)
$4,953,368

Program services were 98.2% 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.

  • 2a · Program service revenue: PAYROLL & OTHER REIMBU

    total $3,627,989 · related or exempt $3,627,989

  • 2b · Program service revenue: PROPERTY MANAGEMENT FE

    total $1,048,077 · related or exempt $1,048,077

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $120,248 · program services $120,248

  • 7 · Other salaries and wages

    total $3,385,790 · program services $3,385,790

  • 9 · Other employee benefits

    total $859,620 · program services $859,620

  • 10 · Payroll taxes

    total $262,938 · program services $262,938

  • 11b · Fees: legal

    total $4,072 · program services $4,072

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 13 · Office expenses

    total $67,910 · program services $67,910

  • 16 · Occupancy

    total $2,864 · program services $2,864

  • 17 · Travel

    total $34,673 · program services $34,673

  • 19 · Conferences, conventions and meetings

    total $7,734 · program services $7,734

  • 23 · Insurance

    total $35,656 · program services $35,656

  • 24a · Other expenses: OTHER ADMINISTRATIVE EX

    total $76,600 · management and general $76,600

  • 24b · Other expenses: BAD DEBTS

    total $33,840 · program services $33,840

  • 24c · Other expenses: LEASE EXPENSE

    total $27,143 · program services $27,143

  • 24d · Other expenses: SERVICE COORDINATOR EXP

    total $27,036 · program services $27,036

  • 24e · All other expenses

    total $83,844 · program services $83,844

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,434 · end of year $76,073

  • 4 · Accounts receivable

    beginning of year $440,583 · end of year $663,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,385 · end of year $73,007

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

    $18,550

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

    $18,550

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $41,901 · end of year $15,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,258 · end of year $466,030

  • 25 · Other liabilities

    beginning of year $43,327 · end of year $17,729

  • 27 · Net assets without donor restrictions

    beginning of year $714,718 · end of year $344,816

Mission and programs · 2023

Mission

PROVIDE QUALITY SERVICES AND MANAGEMENT TO ELDERLY AND LOW TO MODERATE INCOME HOUSING FACILITIES.

Activities or mission (Part I)

TO PROVIDE QUALITY SERVICES AND MANAGEMENT TO LOW AND MODERATE INCOME HOUSING FACILITIES.

  • PROVIDING SERVICE COORDINATION AND MANAGEMENT FOR NONPROFIT ORGANIZATIONS.

    Expenses $4,616,446 · Revenue $4,239,589

  • PROVIDING SERVICE COORDINATION AND MANAGEMENT FOR RELATED PROPERTIES RECEIVING FEDERAL LOW INCOME HOUSING TAX CREDITS.

    Expenses $336,922 · Revenue $436,477

As filed on the 2023 return.

Listed in Part VII

  • Craig Peatross

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Mallory M Oldham

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Garry Merritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Diane Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tammy Vernon

    TREASURER

    Total calculated
    $120,248
    From this org
    $120,248
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

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.

  • MAPLEWOOD II LLC

    RENTAL REAL ESTATE · NC

  • RURAL HILL II LLC

    RENTAL REAL ESTATE · NC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349308757

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