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← NORTH CAROLINA HOUSING FOUNDATION INC

Form 990 for tax year 2023

Filed by NORTH CAROLINA HOUSING FOUNDATION INC.

Totals

Total revenue
$218,973
Total expenses
$264,689
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,729
Investment income
$214,244
Other revenue
$0
Total assets, end of year
$6,367,026
Total liabilities, end of year
$264,922
Net assets or fund balances, end of year
$6,102,104
Program services expenses (Part IX)
$159,339
Management and general expenses
$105,350
Fundraising expenses
$0
Program service expenses (Part III)
$159,339

Program services were 60.2% 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: SHARED EXPENSE REIMBUR

    total $4,729 · related or exempt $4,729

  • 3 · Investment income

    total $165,670 · excluded $165,670

  • 7a · Gross sales of assets other than inventory

    other assets $48,574

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $48,574

  • 7d · Net gain or loss

    total $48,574 · excluded $48,574

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $17,179 · management and general $17,179

  • 11c · Fees: accounting

    total $26,250 · management and general $26,250

  • 13 · Office expenses

    total $1,804 · program services $1,804

  • 16 · Occupancy

    total $2,695 · program services $2,695

  • 17 · Travel

    total $1,075 · management and general $1,075

  • 19 · Conferences, conventions and meetings

    total $778 · management and general $778

  • 22 · Depreciation, depletion and amortization

    total $6,821 · program services $6,821

  • 23 · Insurance

    total $12,733 · program services $12,733

  • 24a · Other expenses: SALARY REIMBURSEMENTS

    total $64,843 · program services $64,843

  • 24b · Other expenses: CONSULTANT EXPENSE

    total $51,080 · program services $51,080

  • 24c · Other expenses: OTHER MISC EXPENSES

    total $50,958 · management and general $50,958

  • 24d · Other expenses: WRITE OFF OF RELATED PA

    total $9,110 · management and general $9,110

  • 24e · All other expenses

    total $19,363 · program services $19,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,988,755 · end of year $796,691

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $3,818,446

  • 4 · Accounts receivable

    beginning of year $1,192 · end of year $1,712

  • 7 · Other notes and loans receivable

    beginning of year $825,600 · end of year $825,600

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

    $636,744

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

    $590,321

  • 10c · Land, buildings and equipment, net

    beginning of year $53,244 · end of year $46,423

  • 15 · Other assets

    beginning of year $547,703 · end of year $878,154

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,393 · end of year $106,578

  • 25 · Other liabilities

    beginning of year $182,281 · end of year $158,344

  • 27 · Net assets without donor restrictions

    beginning of year $5,322,220 · end of year $5,276,504

  • 28 · Net assets with donor restrictions

    beginning of year $825,600 · end of year $825,600

Mission and programs · 2023

Mission

TO DEVELOP SAFE, AFFORDABLE HOUSING WITH SERVICES FOR LOW AND MODERATE INCOME PERSONS IN NORTH CAROLINA.

Activities or mission (Part I)

LOW INCOME HOUSING SERVICES

  • DEVELOPMENT OF LOW INCOME HOUSING

    Expenses $133,811 · Revenue $4,729

  • FURNISHING OF FACILITIES TO SUPPORTING AGENCIES

    Expenses $25,528

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
    $0
    From related orgs
    $120,248
    Other
    $0
    Hours/week
    1 + 40 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NCHF MAPLEWOOD INVESTOR LLC

    LOW INCOME HOUSING · NC

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

  • NCHF RURAL HILL INVESTOR LLC

    LOW INCOME HOUSING · NC

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • VESPERS II LLC

    AFFORDABLE HOUSING · NC · 0.01% owned · share of assets $57 · general or managing partner

  • KOINONIA II LLC

    AFFORDABLE HOUSING · NC · 0.01% owned · share of income -$7 · share of assets $43 · general or managing partner

  • MAPLEWOOD II LLC

    AFFORDABLE HOUSING · NC · 99.99% owned · share of income $26,989 · share of assets $702,761

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

  • RURAL HILL II LLC

    AFFORDABLE HOUSING · NC · 99.99% owned · share of income $28,999 · share of assets $785,537

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

  • SHERWOOD GLEN LLC

    AFFORDABLE HOUSING · NC

  • CENTRUM-HONEYCREEK LP

    AFFORDABLE HOUSING · NC

  • PINECREST APARTMENTS LLC

    AFFORDABLE HOUSING · NC

  • THE ENCLAVE AT WINSTON-SALEM LLC

    AFFORDABLE HOUSING · NC

  • VILLAS AT CHRISTIAN VILLAGE LLC

    AFFORDABLE HOUSING · NC

  • VILLAS MANAGING MEMBER LLC

    AFFORDABLE HOUSING · NC

  • THE VILLAGES AT PARCSTONE LLC

    AFFORDABLE HOUSING · OH

  • ENCLAVE II AT WINSTON-SALEM LLC

    AFFORDABLE HOUSING · NC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NCHF AFFORDABLE HOUSING CORPORATION

    C · LESSOR OF LOW INCOME HOUSING · NC · 100% owned · share of income -$10,516 · share of assets $238,584

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

  • NCHF ENCLAVE II INC

    C · LESSOR OF LOW INCOME HOUSING · NC · 100% owned · share of income -$15,902

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

  • NCHF PARCSTONE INC

    C · LESSOR OF LOW INCOME HOUSING · NC · 100% owned · share of income -$4,796

    Directly controlled by NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349308477

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