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Nonprofiteer
← NCSC HOUSING DEVELOPMENT CORP TWO

Form 990 for tax year 2025

Filed by NCSC HOUSING DEVELOPMENT CORP TWO.

Totals

Total revenue
$706,275
Total expenses
$679,582
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$677,689
Investment income
$2,997
Other revenue
$25,589
Total assets, end of year
$1,303,729
Total liabilities, end of year
$780,859
Net assets or fund balances, end of year
$522,870
Program services expenses (Part IX)
$346,597
Management and general expenses
$332,985
Fundraising expenses
$0
Program service expenses (Part III)
$346,597

Program services were 51.0% 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: TENANT ASSISTANT PAYMENTS

    total $471,144 · related or exempt $471,144

  • 2b · Program service revenue: TENANT RENT

    total $206,545 · related or exempt $206,545

  • 3 · Investment income

    total $2,997 · excluded $2,997

  • 11a · Other revenue: ANTENNA RENT

    total $19,907 · unrelated business $19,907

  • 11b · Other revenue: TENANT CHARGES

    total $2,119 · related or exempt $2,119

  • 11c · Other revenue: COMMISSION

    total $1,561 · related or exempt $1,561

  • 11d · All other revenue

    total $2,002 · related or exempt $2,002

  • 11e · Other revenue, total

    $25,589

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $123,708 · program services $41,288 · management and general $82,420

  • 8 · Pension plan contributions

    total $25,868 · program services $9,686 · management and general $16,182

  • 9 · Other employee benefits

    total $75,175 · program services $22,360 · management and general $52,815

  • 10 · Payroll taxes

    total $11,761 · program services $3,925 · management and general $7,836

  • 11a · Fees: management

    total $43,797 · program services $2,298 · management and general $41,499

  • 11b · Fees: legal

    total $9,134 · management and general $9,134

  • 11c · Fees: accounting

    total $21,223 · management and general $21,223

  • 11g · Fees: other

    total $64,172 · program services $46,817 · management and general $17,355

  • 12 · Advertising and promotion

    total $3,304 · program services $2,478 · management and general $826

  • 13 · Office expenses

    total $15,031 · program services $11,274 · management and general $3,757

  • 14 · Information technology

    total $8,479 · program services $6,359 · management and general $2,120

  • 16 · Occupancy

    total $151,599 · program services $110,658 · management and general $40,941

  • 17 · Travel

    total $1,551 · program services $1,163 · management and general $388

  • 20 · Interest

    total $2,826 · program services $2,120 · management and general $706

  • 22 · Depreciation, depletion and amortization

    total $88,086 · program services $66,064 · management and general $22,022

  • 23 · Insurance

    total $13,395 · program services $7,537 · management and general $5,858

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $16,323 · program services $12,242 · management and general $4,081

  • 24b · Other expenses: MISC LIC TAXES & PERMITS

    total $3,713 · management and general $3,713

  • 24c · Other expenses: DUES, SUBS, MEMBERSHIPS

    total $437 · program services $328 · management and general $109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,029 · end of year $2,808

  • 2 · Savings and temporary cash investments

    beginning of year $231,868 · end of year $264,177

  • 4 · Accounts receivable

    beginning of year $25,417 · end of year $203,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,841 · end of year $13,251

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

    $3,668,530

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

    $2,856,231

  • 10c · Land, buildings and equipment, net

    beginning of year $877,703 · end of year $812,299

  • 15 · Other assets

    beginning of year $10,896 · end of year $7,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,190 · end of year $129,098

  • 19 · Deferred revenue

    beginning of year $5,809 · end of year $6,574

  • 21 · Escrow or custodial account liability

    beginning of year $16,481 · end of year $16,371

  • 23 · Secured mortgages and notes payable

    beginning of year $203,575 · end of year $203,575

  • 25 · Other liabilities

    beginning of year $318,255 · end of year $425,241

  • 27 · Net assets without donor restrictions

    beginning of year -$2,292,756 · end of year -$2,277,330

  • 28 · Net assets with donor restrictions

    beginning of year $2,800,200 · end of year $2,800,200

Mission and programs · 2025

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

  • OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

    Expenses $346,597 · Revenue $677,689

As filed on the 2025 return.

Listed in Part VII

  • Melanie Ribeiro

    VICE PRESIDE

    Total calculated
    $605,923
    From this org
    $0
    From related orgs
    $523,532
    Other
    $82,391
    Hours/week
    0.7 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $523,532 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $31,412 related
    Nontaxable benefits
    not reported + $50,979 related
    Filer's total
    not reported + $605,923 related

  • Maxine Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Maria Cordone

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 11.7 related

  • Angela Ferritto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Darrin Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Erica Schmelzer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4 + 23.6 related

  • Christopher Shelton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 9.5 related

  • Jeff Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2025
Filed
31 August 2026
IRS schema version
2025v4.0
Source object
202612409349301656

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