Totals
- Total revenue
- $22,132,443
- Total expenses
- $5,639,999
- Contributions and grants received
- $1,294,011
- Grants paid
- $38,160
- Program service revenue
- $4,631,328
- Investment income
- $492,718
- Other revenue
- $15,714,386
- Total assets, end of year
- $54,264,349
- Total liabilities, end of year
- $3,095,489
- Net assets or fund balances, end of year
- $51,168,860
- Program services expenses (Part IX)
- $3,795,045
- Management and general expenses
- $1,844,954
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,795,045
Program services were 67.3% 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)
$1,036,450
-
1f · All other contributions, gifts and grants
$257,561
-
2a · Program service revenue: Project Development Fee
total $2,957,902 · related or exempt $2,957,902
-
2b · Program service revenue: Partnership Mgmt Fee
total $1,645,571 · related or exempt $1,645,571
-
2c · Program service revenue: Homeownership Counseling
total $27,855 · related or exempt $27,855
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $492,718 · related or exempt $388,440 · excluded $104,278
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: Assignment of Notes Receivable
total $12,127,802 · related or exempt $12,127,802
-
11b · Other revenue: Investment Transfer from Affiliate
total $2,432,102 · related or exempt $2,432,102
-
11c · Other revenue: Other Income
total $1,154,482 · related or exempt $1,154,482
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$15,714,386
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $38,160 · program services $38,160
-
6 · Compensation of disqualified persons
total $763,621 · program services $176,125 · management and general $587,496
-
7 · Other salaries and wages
total $2,052,235 · program services $1,460,417 · management and general $591,818
-
8 · Pension plan contributions
total $261,687 · program services $137,150 · management and general $124,537
-
9 · Other employee benefits
total $349,557 · program services $186,750 · management and general $162,807
-
10 · Payroll taxes
total $202,430 · program services $105,350 · management and general $97,080
-
11b · Fees: legal
total $13,173 · program services $4,459 · management and general $8,714
-
11c · Fees: accounting
total $77,881 · program services $0 · management and general $77,881
-
11g · Fees: other
total $480,081 · program services $372,681 · management and general $107,400 · fundraising $0
-
12 · Advertising and promotion
total $157,374 · program services $144,944 · management and general $12,430
-
13 · Office expenses
total $29,863 · program services $3,675 · management and general $26,188
-
17 · Travel
total $58,742 · program services $44,510 · management and general $14,232
-
19 · Conferences, conventions and meetings
total $25,493 · program services $10,623 · management and general $14,870
-
24a · Other expenses: Development Expense
total $835,699 · program services $835,699
-
24b · Other expenses: Miscellaneous Admin
total $93,211 · program services $93,211
-
24c · Other expenses: Program Expense
total $74,815 · program services $73,553 · management and general $1,262
-
24d · Other expenses: Repairs and Maintenance
total $68,555 · program services $56,540 · management and general $12,015
-
24e · All other expenses
total $57,422 · program services $51,198 · management and general $6,224 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,340,769 · end of year $8,926,209
-
3 · Pledges and grants receivable
beginning of year $435,735 · end of year $1,071,738
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $10,518,964 · end of year $22,971,078
-
9 · Prepaid expenses and deferred charges
beginning of year $9,382 · end of year $6,783
-
10a · Land, buildings and equipment: cost or other basis
$364,687
-
10b · Land, buildings and equipment: accumulated depreciation
$364,687
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $16,146,949 · end of year $21,288,541
-
17 · Accounts payable and accrued expenses
beginning of year $650,033 · end of year $785,489
-
19 · Deferred revenue
beginning of year $350 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $125,000 · end of year $2,310,000
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $33,114,226 · end of year $49,722,824
-
28 · Net assets with donor restrictions
beginning of year $1,562,190 · end of year $1,446,036
Mission and programs · 2024
Mission
TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS
-
THESE EXPENSES ARE GENERATED BY VARIOUS DEVELOPMENTS OF LOW-INCOME HOUSING PROJECTS. MODERATE AND LOW-INCOME FAMILIES WILL OCCUPY THE HOMES UPON COMPLETION.
Expenses $3,795,045 · Grants $38,160 · Revenue $20,734,154
As filed on the 2024 return.
Listed in Part VII
-
Ashleigh Hales
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Betsy Rozakis
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Danny Kadis
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Gordon Grubb
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jordan Maness
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Joyce Spivey
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Meghan Melloy
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Miguel Figueras
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Patricia Swasey
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Russell Pierce
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Samone Bullock Dillahunt
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Soberina Traywick
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Steve Evans
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Tyler Craft
Chair
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Utica Cason
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Natalie Britt
SVP
- Total calculated
- $205,722
- From this org
- $176,125
- From related orgs
- $0
- Other
- $29,597
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $163,125
- Bonus
- $13,000
- Other
- $0
- Deferred
- $19,078
- Nontaxable benefits
- $10,519
- Filer's total
- $205,722
-
Sharon Lorden
SVP / CFO
- Total calculated
- $222,975
- From this org
- $189,315
- From related orgs
- $0
- Other
- $33,660
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $176,315
- Bonus
- $13,000
- Other
- $0
- Deferred
- $20,558
- Nontaxable benefits
- $13,102
- Filer's total
- $222,975
-
William Ward
VP / Treasurer
- Total calculated
- $179,091
- From this org
- $154,527
- From related orgs
- $0
- Other
- $24,564
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $141,527
- Bonus
- $13,000
- Other
- $0
- Deferred
- $16,656
- Nontaxable benefits
- $7,908
- Filer's total
- $179,091
-
Yolanda Winstead
President
- Total calculated
- $284,714
- From this org
- $243,655
- From related orgs
- $0
- Other
- $41,059
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $230,655
- Bonus
- $13,000
- Other
- $0
- Deferred
- $26,653
- Nontaxable benefits
- $14,406
- Filer's total
- $284,714
-
Atinuke Diver
VP of Resource Development
- Total calculated
- $165,639
- From this org
- $140,355
- From related orgs
- $0
- Other
- $25,284
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $127,355
- Bonus
- $13,000
- Other
- $0
- Deferred
- $15,348
- Nontaxable benefits
- $9,936
- Filer's total
- $165,639
-
Joseph Omozokpea
Senior Project Manager
- Total calculated
- $127,509
- From this org
- $106,655
- From related orgs
- $0
- Other
- $20,854
- Hours/week
- 40 + 0.5 related
-
Kayla Rosenburg
Senior Project Manager
- Total calculated
- $144,354
- From this org
- $123,272
- From related orgs
- $0
- Other
- $21,082
- Hours/week
- 40 + 0.5 related
-
Sheila Porter
Assistant Secretary
- Total calculated
- $159,010
- From this org
- $130,973
- From related orgs
- $0
- Other
- $28,037
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $117,973
- Bonus
- $13,000
- Other
- $0
- Deferred
- $14,014
- Nontaxable benefits
- $14,023
- Filer's total
- $159,010
-
William Jackson
Director of Asset Management
- Total calculated
- $119,305
- From this org
- $103,250
- From related orgs
- $0
- Other
- $16,055
- Hours/week
- 40 + 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. 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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- Schedule J, Part I, Line 1b 1
- NONE OF THE BENEFITS WERE PROVIDED.
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
-
Washington Terrace Affordable Housing LLC
$12,290
Residential Rental Assistance
-
Beacon Ridge LLC
$10,824
Residential Rental Assistance
-
Tryon Grove LLC
$5,596
Residential Rental Assistance
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.
-
COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION
501(c)(3) · HOUSING LOANS TO LOW TO MODERATE INCOME INDIVIDUALS · NC
Directly controlled by DHIC INC
-
WASHINGTON TERRACE REDEVELOPMENT inc
501(c)(3) · HOUSING FOR LOW INCOME PERSONS · NC
Directly controlled by DHIC INC
-
MACGREGOR HOUSING DEVELOPMENT CORPORATION
501(c)(3) · TO DEVELOP, CONSTRUCT, OWN, AND OPERATE A LOW-INCOME HOUSING COMPLEX · NC
Directly controlled by DHIC INC
-
501(c)(3) · TO PROVIDE LOW INCOME HOUSING · NC
Directly controlled by DHIC INC
-
501(c)(3) · TO OWN AND OPERATE A 32-UNIT APARTMENT PROJECT FOR LOW-INCOME SENIOR ADULTS · NC
Directly controlled by DHIC INC
-
ROANOKE HOUSING DEVELOPMENT CORP
501(c)(3) · HOUSING FOR ELDERLY AND HANDICAPPED · NC
Directly controlled by DHIC INC
-
501(c)(3) · HOUSING FOR LOW INCOME PERSONS · NC
Directly controlled by DHIC INC
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BFAH LLC
Low-Income Housing · NC · income -$78 · assets $2,186,332
Directly controlled by DHIC INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Ashton Place Developer LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Ashton Place Housing LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Beacon Ridge LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
BOOKER PARK NORTH LLC -
N/A · lOW-INCOME HOUSING · NC
Directly controlled by NA
-
Booker Park South LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Broadstone Walk LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
BROOKRIDGE HOUSING LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Camden Glen LLC
N/A · lOW-INCOME HOUSING · NC
Directly controlled by NA
-
Capital Towers III LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Creston Commons Partners LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
DACIAN GLEN LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
DHIC Preservation I LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
GREENFIELD SENIOR HOUSING LLC
N/A · lOW-INCOME HOUSING · NC
Directly controlled by NA
-
GREENFIELD WORKFORCE HOUSING LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Hardee Street Developer LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Hardee Street Housing LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
MAPLEWOOD PARTNERS LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
MEADOWCREEK COMMONS LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Milner Senior Housing Partners LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Pennington Grove II LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
PENNINGTON GROVE LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Primavera Seniors LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
ROG Preservation LLC
N/A · lOW-INCOME HOUSING · NC
Directly controlled by NA
-
Sportsmanship Crossing LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
WASHINGTON TERRACE AFFORDABLE HOUSING
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
WATER GARDEN PARK LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
WATER GARDEN VILLAGE LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Weston Trace Partners LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Willard Street Developer LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Willard Street LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
-
Willow Creek Seniors LLC
N/A · LOW-INCOME HOUSING · NC
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Ashton Place Managing Member LLC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$217 · share of assets $0
Directly controlled by DHIC INC
-
Beacon Ridge Development Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$45 · share of assets $0
Directly controlled by DHIC INC
-
BOOKER PARK NORTH HOUSING INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $0 · share of assets $0
Directly controlled by DHIC INC
-
Booker Park South Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$41 · share of assets $0
Directly controlled by DHIC INC
-
Broadstone Walk Development Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$445 · share of assets $0
Directly controlled by DHIC INC
-
BROOKRIDGE AFFORDABLE HOUSING INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$12 · share of assets $0
Directly controlled by DHIC INC
-
Camden Glen Affordable Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$14 · share of assets $177
Directly controlled by DHIC INC
-
Creston Commons Affordable Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$71 · share of assets $0
Directly controlled by DHIC INC
-
DACIAN GLEN REDEVELOPMENT INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $881 · share of assets $0
Directly controlled by DHIC INC
-
Davis Drive Development Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$11 · share of assets $235
Directly controlled by DHIC INC
-
DHIC Preservation I Managing Member LLC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$5 · share of assets $2,430,622
Directly controlled by DHIC INC
-
GREENFIELD COMMONS DEVELOPMENT INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$32 · share of assets $0
Directly controlled by DHIC INC
-
Greenfield Place Development Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$17 · share of assets $0
Directly controlled by DHIC INC
-
Hardee Street Managing Member LLC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $4 · share of assets $8
Directly controlled by DHIC INC
-
MAPLEWOOD SENIOR HOUSING INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$6 · share of assets $179,952
Directly controlled by DHIC INC
-
MEADOWCREEK SENIORS INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$18 · share of assets $0
Directly controlled by DHIC INC
-
Milner Senior Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$263 · share of assets $0
Directly controlled by DHIC INC
-
Pennington Grove Senior Housing II Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$13 · share of assets $0
Directly controlled by DHIC INC
-
Pennington Grove Senior Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $0 · share of assets $0
Directly controlled by DHIC INC
-
Primavera Seniors Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$121 · share of assets $0
Directly controlled by DHIC INC
-
ROG REDEVELOPMENT INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $0 · share of assets $0
Directly controlled by DHIC INC
-
SIX FORKS SENIORS INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$282,568 · share of assets $0
Directly controlled by DHIC INC
-
Sportsmanship Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $0 · share of assets $0
Directly controlled by DHIC INC
-
WATER GARDEN AFFORDABLE HOUSING INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income $0 · share of assets $0
Directly controlled by DHIC INC
-
WATER GARDEN SENIOR HOUSING INC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$19 · share of assets $713
Directly controlled by DHIC INC
-
Weston Trace Affordable Housing Inc
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$11 · share of assets $228,959
Directly controlled by DHIC INC
-
Willard Street Manager LLC
C Corporation · REAL ESTATE RENTAL · NC · 100% owned · share of income -$61 · share of assets $0
Directly controlled by DHIC INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202503189349308430
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