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Nonprofiteer
← ROSS CREEK HOUSING INC

Form 990 for tax year 2024

Filed by ROSS CREEK HOUSING INC.

Totals

Total revenue
$72,296
Total expenses
$80,667
Contributions and grants received
$37,720
Grants paid
$0
Program service revenue
$34,315
Investment income
$261
Other revenue
$0
Total assets, end of year
$567,626
Total liabilities, end of year
$16,579
Net assets or fund balances, end of year
$551,047
Program services expenses (Part IX)
$75,622
Management and general expenses
$5,045
Fundraising expenses
$0
Program service expenses (Part III)
$75,622

Program services were 93.7% 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)

    $31,415

  • 1f · All other contributions, gifts and grants

    $6,305

  • 2a · Program service revenue: TENANT RENTAL PAYMENTS

    total $34,177 · related or exempt $34,177

  • 2b · Program service revenue: LAUNDRY/VENDING INCOME

    total $138 · related or exempt $138

  • 3 · Investment income

    total $261 · excluded $261

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $4,981 · program services $4,981

  • 11b · Fees: legal

    total $29 · program services $29

  • 11c · Fees: accounting

    total $3,903 · management and general $3,903

  • 12 · Advertising and promotion

    total $50 · program services $50

  • 13 · Office expenses

    total $2,059 · program services $2,059

  • 16 · Occupancy

    total $14,317 · program services $14,317

  • 19 · Conferences, conventions and meetings

    total $172 · program services $172

  • 22 · Depreciation, depletion and amortization

    total $22,890 · program services $22,890

  • 23 · Insurance

    total $5,627 · program services $5,627

  • 24a · Other expenses: CONTRACTS

    total $7,013 · program services $7,013

  • 24b · Other expenses: MANAGER PAYROLL REIMBUR

    total $4,003 · program services $4,003

  • 24c · Other expenses: GARBAGE AND TRASH REMOV

    total $3,474 · program services $3,474

  • 24d · Other expenses: MISCELLANEOUS OPERATING

    total $3,190 · program services $3,190

  • 24e · All other expenses

    total $8,959 · program services $7,817 · management and general $1,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,366 · end of year $7,586

  • 3 · Pledges and grants receivable

    beginning of year $3,085 · end of year $3,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101 · end of year $1,766

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

    $979,909

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

    $440,122

  • 10c · Land, buildings and equipment, net

    beginning of year $562,677 · end of year $539,787

  • 15 · Other assets

    beginning of year $12,067 · end of year $14,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,541 · end of year $14,367

  • 19 · Deferred revenue

    beginning of year $0 · end of year $67

  • 25 · Other liabilities

    beginning of year $2,337 · end of year $2,145

  • 27 · Net assets without donor restrictions

    beginning of year $559,418 · end of year $551,047

Mission and programs · 2024

Mission

THE PROJECT IS A 8-UNIT APARTMENT PROJECT THAT PROVIDES HOUSING TO THE VERY LOW INCOME, MENTALLY HANDICAPPED INVIDIVIDUALS LOCATED IN ASHEVILLE, NC.

Activities or mission (Part I)

PROVIDE EIGHT APARTMENTS FOR DISABLED PERSONS

  • PROVIDE EIGHT APARTMENTS FOR DISABLED PERSONS.

    Expenses $75,622 · Revenue $34,315

As filed on the 2024 return.

Listed in Part VII

  • Charles D Owen III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Lynn Cook

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Theresa Piwowar

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Ryan Rohwer

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Geoffrey Barton

    PRESIDENT & CEO OF MHO

    Total calculated
    $175,989
    From this org
    $0
    From related orgs
    $175,989
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,989 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $175,989 related
  • Lee McElrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Greta Byrd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Jack Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Annette McClure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Ruth Morrissey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Constance Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Elizabeth Teague

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Dana Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Angie Cullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • Athena Dygert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 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

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
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202522959349302112

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