Totals
- Total revenue
- $230,815
- Total expenses
- $299,717
- Contributions and grants received
- $129,473
- Grants paid
- $0
- Program service revenue
- $96,560
- Investment income
- $3,872
- Other revenue
- $910
- Total assets, end of year
- $1,867,947
- Total liabilities, end of year
- $2,878,990
- Net assets or fund balances, end of year
- -$1,011,043
- Program services expenses (Part IX)
- $206,916
- Management and general expenses
- $92,801
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $206,916
Program services were 69.0% 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.
-
1e · Government grants (contributions)
$129,473
-
2a · Program service revenue: RENTAL INCOME
total $96,560 · related or exempt $96,560
-
3 · Investment income
total $3,872 · excluded $3,872
-
11a · Other revenue: TENANT CHARGES
total $910 · excluded $910
-
11e · Other revenue, total
$910
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $28,600 · management and general $28,600
-
11c · Fees: accounting
total $5,884 · management and general $5,884
-
13 · Office expenses
total $23,310 · management and general $23,310
-
14 · Information technology
total $1,795 · management and general $1,795
-
16 · Occupancy
total $139,615 · program services $139,615
-
17 · Travel
total $429 · management and general $429
-
19 · Conferences, conventions and meetings
total $941 · management and general $941
-
22 · Depreciation, depletion and amortization
total $67,038 · program services $67,038
-
23 · Insurance
total $836 · management and general $836
-
24a · Other expenses: MTG CO EMPLOYEE CHARGEB
total $31,006 · management and general $31,006
-
24b · Other expenses: BAD DEBTS
total $263 · program services $263
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,271 · end of year $812
-
4 · Accounts receivable
beginning of year $1,837 · end of year $3,143
-
9 · Prepaid expenses and deferred charges
beginning of year $6,027 · end of year $8,919
-
10a · Land, buildings and equipment: cost or other basis
$2,928,319
-
10b · Land, buildings and equipment: accumulated depreciation
$1,260,350
-
10c · Land, buildings and equipment, net
beginning of year $1,735,008 · end of year $1,667,969
-
13 · Investments: program-related
beginning of year $168,713 · end of year $177,265
-
15 · Other assets
beginning of year $9,678 · end of year $9,839
-
17 · Accounts payable and accrued expenses
beginning of year $10,769 · end of year $11,098
-
19 · Deferred revenue
beginning of year $1,961 · end of year $2,273
-
23 · Secured mortgages and notes payable
beginning of year $2,852,700 · end of year $2,852,700
-
25 · Other liabilities
beginning of year $12,245 · end of year $12,919
-
27 · Net assets without donor restrictions
beginning of year -$942,141 · end of year -$1,011,043
Mission and programs · 2022
Mission
THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).
Activities or mission (Part I)
THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERON THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).
-
THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 32 UNIT APARTMENT COMMUNITY IN CARY, NORTH CAROLINA KNOWN AS HIGHLAND MANOR APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).
Expenses $206,916 · Revenue $96,560
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tyler CraftTYLER CRAFT
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jordan ManessJORDAN MANESS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Betsy RozakisBETSY ROZAKIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Gordon GrubbGORDON GRUBB
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Chico ScottCHICO SCOTT
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Natalie BrittNATALIE BRITT
VP
- Total calculated
- $200,964
- From this org
- $0
- From related orgs
- $191,802
- Other
- $9,162
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $160,522 related
- Bonus
- $0 + $13,000 related
- Other
- $0 + $18,280 related
- Deferred
- $0 + $1,242 related
- Nontaxable benefits
- $0 + $7,920 related
- Filer's total
- $0 + $200,964 related
-
Jennifer FoellJENNIFER FOELL
SECRETARY
- Total calculated
- $96,675
- From this org
- $0
- From related orgs
- $88,497
- Other
- $8,178
- Hours/week
- 0.5 + 40 related
-
Sharon LordenSHARON LORDEN
VP
- Total calculated
- $218,061
- From this org
- $0
- From related orgs
- $206,198
- Other
- $11,863
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $173,503 related
- Bonus
- $0 + $13,000 related
- Other
- $0 + $19,695 related
- Deferred
- $0 + $1,647 related
- Nontaxable benefits
- $0 + $10,216 related
- Filer's total
- $0 + $218,061 related
-
Sheila PorterSHEILA PORTER
ASSISTANT SECRETARY
- Total calculated
- $154,757
- From this org
- $0
- From related orgs
- $142,528
- Other
- $12,229
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $116,091 related
- Bonus
- $0 + $13,000 related
- Other
- $0 + $13,437 related
- Deferred
- $0 + $1,510 related
- Nontaxable benefits
- $0 + $10,719 related
- Filer's total
- $0 + $154,757 related
-
William WardWILLIAM WARD
TREASURER
- Total calculated
- $148,200
- From this org
- $0
- From related orgs
- $141,458
- Other
- $6,742
- Hours/week
- 0.5 + 40 related
-
Yolanda WinsteadYOLANDA WINSTEAD
PRESIDENT
- Total calculated
- $279,345
- From this org
- $0
- From related orgs
- $265,501
- Other
- $13,844
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $226,976 related
- Bonus
- $0 + $13,000 related
- Other
- $0 + $25,525 related
- Deferred
- $0 + $2,322 related
- Nontaxable benefits
- $0 + $11,522 related
- Filer's total
- $0 + $279,345 related
-
Rodney BrownRODNEY BROWN
VP OF ASSET MANAGEMENT
- Total calculated
- $159,007
- From this org
- $0
- From related orgs
- $150,602
- Other
- $8,405
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $122,708 related
- Bonus
- $0 + $13,000 related
- Other
- $0 + $14,894 related
- Deferred
- $0 + $685 related
- Nontaxable benefits
- $0 + $7,720 related
- Filer's total
- $0 + $159,007 related
-
Atinuke DiverATINUKE DIVER
VP OF RESOURCE DEVELOPMENT & PARTNERSHIPS
- Total calculated
- $140,450
- From this org
- $0
- From related orgs
- $132,786
- Other
- $7,664
- Hours/week
- 0.5 + 40 related
-
Michael RodgersMICHAEL RODGERS
DIRECTOR OF REAL ESTATE DEVELOPMENT
- Total calculated
- $139,432
- From this org
- $0
- From related orgs
- $133,743
- Other
- $5,689
- Hours/week
- 0.5 + 40 related
-
Kayla RosenburgKAYLA ROSENBURG
DIRECTOR OF ENTERPRISE STRATEGY & DEVELOPMENT
- Total calculated
- $134,311
- From this org
- $0
- From related orgs
- $128,362
- Other
- $5,949
- Hours/week
- 0.5 + 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. 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.
-
COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION
501(C)3 · HOUSING LOANS TO LOW TO MODERATE INCOME INDIVIDUALS · NC
Directly controlled by DHIC INC
-
501(C)3 · CONSTRUCTION AND MANAGEMENT OF LOW INCOME HOUSING · NC
-
501(C)3 · TO PROVIDE LOW INCOME HOUSING · 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
-
ROANOKE HOUSING DEVELOPMENT CORP
501(C)3 · TO PROVIDE LOW INCOME HOUSING · NC
Directly controlled by DHIC INC
-
WAKE FOREST ELDERLY HOUSING INC
501(C)3 · TO PROVIDE LOW INCOME HOUSING · NC
Directly controlled by DHIC INC
-
WASHINGTON TERRACE REDEVELOPMENT INC
501(C)3 · TO PROVIDE LOW INCOME HOUSING · 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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
ASHTON PLACE DEVELOPER LLC
LOW-INCOME HOUSING · NC
-
ASHTON PLACE HOUSING LLC
LOW-INCOME HOUSING · NC
-
BEACON RIDGE LLC
LOW-INCOME HOUSING · NC
-
BEECHRIDGE LLC
LOW-INCOME HOUSING · NC
-
BOOKER PARK NORTH LLC
LOW-INCOME HOUSING · NC
-
BOOKER PARK SOUTH LLC
LOW-INCOME HOUSING · NC
-
BROADSTONE WALK LLC
LOW-INCOME HOUSING · NC
-
BROOKRIDGE HOUSING LLC
LOW-INCOME HOUSING · NC
-
CAMDEN GLEN LLC
LOW-INCOME HOUSING · NC
-
CAPITAL TOWERS III LLC
LOW-INCOME HOUSING · NC
-
COLLEGE PARK COLLABORATIVE LLC
LOW-INCOME HOUSING · NC
-
DACIAN GLEN LLC
LOW-INCOME HOUSING · NC
-
GREENFIELD SENIOR HOUSING LLC
LOW-INCOME HOUSING · NC
-
GREENFIELD WORKFORCE HOUSING LLC
LOW-INCOME HOUSING · NC
-
HARDEE ST DEVELOPER LLC
LOW-INCOME HOUSING · NC
-
HARDEE ST HOUSING LLC
LOW-INCOME HOUSING · NC
-
MAPLEWOOD PARTNERSLLC
LOW-INCOME HOUSING · NC
-
MEADOWCREEK COMMONS LLC
LOW-INCOME HOUSING · NC
-
MILNER SENIOR HOUSING PARTNERS LLC
LOW-INCOME HOUSING · NC
-
PENNINGTON GROVE II LLC
LOW-INCOME HOUSING · NC
-
PENNINGTON GROVE LLC
LOW-INCOME HOUSING · NC
-
PRIMAVERA SENIORS LLC
LOW-INCOME HOUSING · NC
-
ROG PRESERVATION LLC
LOW-INCOME HOUSING · NC
-
SPORTSMANSHIP CROSSING LLC
LOW-INCOME HOUSING · NC
-
WAKEFIELD AFFORDABLE HOUSING LLC
LOW-INCOME HOUSING · NC
-
WAKEFIELD MANOR LLC
LOW-INCOME HOUSING · NC
-
WASHINGTON TERRACE AFFORDABLE HOUSING LLC
LOW-INCOME HOUSING · NC
-
WATER GARDEN PARK LLC
LOW-INCOME HOUSING · NC
-
WATER GARDEN VILLAGE LLC
LOW-INCOME HOUSING · NC
-
WESTON TRACE PARTNERS LLC
LOW-INCOME HOUSING · NC
-
WILLARD ST DEVELOPER LLC
LOW-INCOME HOUSING · NC
-
WILLARD STREET LLC
LOW-INCOME HOUSING · NC
-
WILLOW CREEK SENIORS LLC
LOW-INCOME HOUSING · NC
-
CRESTON COMMONS PARTNERS LLC
LOW-INCOME HOUSING · NC
-
HIGHLAND VILLAGE HOUSING LLC
LOW-INCOME HOUSING · NC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ASHTON PLACE MANAGING MEMBER LLC
C · REAL ESTATE RENTAL · NC
-
BEACON RIDGE DEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
BOOKER PARK NORTH HOUSING INC
C · REAL ESTATE RENTAL · NC
-
BOOKER PARK SOUTH HOUSING INC
C · REAL ESTATE RENTAL · NC
-
BROADSTONE WALK DEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
BROOKRIDGE AFFORDABLE HOUSING INC
C · REAL ESTATE RENTAL · NC
-
CAMDEN GLEN AFFORDABLE HOUSING INC
C · REAL ESTATE RENTAL · NC
-
COMMONS OAKS AFFORDABLE HOUSING INC
C · REAL ESTATE RENTAL · NC
-
DACIAN GLEN REDEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
DAVIS DRIVE DEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
GREEFIELD COMMONS DEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
GREENFIELD PLACE DEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
HARDEE ST MANAGING MEMBER LLC
C · REAL ESTATE RENTAL · NC
-
MAPLEWOOD SENIOR HOUSING INC
C · REAL ESTATE RENTAL · NC
-
MEADOWCREEK SENIORS INC
C · REAL ESTATE RENTAL · NC
-
PENNINGTON GROVE SENIOR HOUSING II INC
C · REAL ESTATE RENTAL · NC
-
PENNINGTON GROVE SENIOR HOUSING INC
C · REAL ESTATE RENTAL · NC
-
PRIMAVERA SENIORS HOUSING INC
C · REAL ESTATE RENTAL · NC
-
ROG REDEVELOPMENT INC
C · REAL ESTATE RENTAL · NC
-
SIX FORKS SENIORS INC
C · REAL ESTATE RENTAL · NC
-
WAKEFIELD SENIOR HOUSING INC
C · REAL ESTATE RENTAL · NC
-
WATER GARDEN AFFODABLE HOUSING INC
C · REAL ESTATE RENTAL · NC
-
WATER GARDEN SENIOR HOUSING INC
C · REAL ESTATE RENTAL · NC
-
WESTON TRACE AFFORDABLE HOUSING INC
C · REAL ESTATE RENTAL · NC
-
WILLARD STREET MANAGER LLC
C · REAL ESTATE RENTAL · NC
-
CRESTON COMMONS AFFORDABLE HOUSING INC
C · REAL ESTATE RENTAL · NC
-
MILNER SENIOR HOUSING INC
C · REAL ESTATE RENTAL · NC
-
SPORTSMANSHIP HOUSING INC
C · REAL ESTATE RENTAL · NC
Directly controlled by DHIC INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431349349305278
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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