Civic Intelligence

Triangle Elderly Housing Corporation

990 • Fiscal year 2014 • EIN 27-2090858

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 26, 2015

Organization ProfileN/A
1363 West Market StreetSmithfield, NC 27577

(919) 934-6066

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

1.30x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

5.32x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Net Margin

84th percentile

4.4%

Higher net margin than 84% of similar nonprofits.

2014 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

53rd percentile

-2.1%

Faster asset growth than 53% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

5.5%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$2,268,231

Down $65,961 (-2.8%) from 2012

Net Assets

Up

-$670,842

Up $64,485 (+8.8%) from 2012

Liabilities

Down

$2,939,073

Down $130,446 (-4.2%) from 2012

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin84th percentile

Revenue

$552,068

No earlier filing loaded for comparison.

Expenses

Up

$527,697

Up $16,688 (+3.3%) from 2012

Net Income

$24,371

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $2,334,192Liabilities 2012: $3,069,519Net Assets 2012: -$735,3272012Assets 2014: $2,268,231Liabilities 2014: $2,939,073Net Assets 2014: -$670,8422014Assets 2015: $2,226,815Liabilities 2015: $2,877,846Net Assets 2015: -$651,0312015Assets 2017: $2,109,204Liabilities 2017: $2,792,501Net Assets 2017: -$683,2972017Assets 2018: $2,080,217Liabilities 2018: $2,760,415Net Assets 2018: -$680,1982018Assets 2019: $1,990,538Liabilities 2019: $2,681,727Net Assets 2019: -$691,1892019Assets 2021: $1,890,092Liabilities 2021: $2,583,566Net Assets 2021: -$693,4742021Assets 2022: $1,845,868Liabilities 2022: $2,520,443Net Assets 2022: -$674,5752022Assets 2024: $1,919,956Liabilities 2024: $2,448,188Net Assets 2024: -$528,2322024

Highlighted filing

2014

Assets$2,268,231
Liabilities$2,939,073
Net Assets-$670,842
Open 2014 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2012: $511,0092012Revenue 2014: $552,068Expenses 2014: $527,697Net Income 2014: $24,3712014Revenue 2015: $568,211Expenses 2015: $548,400Net Income 2015: $19,8112015Revenue 2017: $585,549Expenses 2017: $595,820Net Income 2017: -$10,2712017Revenue 2018: $598,362Expenses 2018: $595,263Net Income 2018: $3,0992018Revenue 2019: $606,462Expenses 2019: $617,453Net Income 2019: -$10,9912019Revenue 2021: $612,226Expenses 2021: $599,583Net Income 2021: $12,6432021Revenue 2022: $622,913Expenses 2022: $604,014Net Income 2022: $18,8992022Revenue 2024: $708,369Expenses 2024: $593,798Net Income 2024: $114,5712024

Highlighted filing

2014

Revenue$552,068
Expenses$527,697
Net Income$24,371
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 26, 2015
Return Version
2014v5.0
Gross Receipts
$552,068
Mission and Program Overview

Mission

The exempt purpose is to provide housing to low income elderly or handicapped individuals. The subsidized rentals from the dept of housing and urban development make this possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,738,208$1,655,081▼ $83,127
Intangible Assets$184,817$179,131▼ $5,686
Savings and Temporary Cash Investments$28,944$20,936▼ $8,008
Prepaid Expenses and Deferred Charges$17,813$18,957▲ $1,144
Cash and Non-Interest-Bearing Accounts$12,925$11,638▼ $1,287
Accounts Receivable$1,849$1,979▲ $130
Total Assets$2,317,302$2,268,231▼ $49,071
Other Assets Total$332,746$380,509▲ $47,763
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,928,708$2,883,702▼ $45,006
Other Liabilities$38,326$33,382▼ $4,944
Accounts Payable and Accrued Expenses$45,009$21,836▼ $23,173
Deferred Revenue$472$153▼ $319
Total Liabilities$3,012,515$2,939,073▼ $73,442
Net Assets / Fund Balance
Unrestricted Net Assets$-695,213$-670,842▲ $24,371
Total Net Assets Fund Balance$-695,213$-670,842▲ $24,371
Total Liabilities and Net Assets / Fund Balance$2,317,302$2,268,231▼ $49,071

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,511,572$1,835,020$3,346,592
Land$118,638-$118,638
Equipment-$38,718$38,718
Other Land Buildings$24,871$13,456$38,327
Other Assets Org$50--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Jimmy ParkerChair
Steve StricklandVice Chair
Bill WenzelSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$551,830
Investment Income
$238
Other Revenue
$0
Change in Net Assets
$24,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$552,068
Total Revenue per Audited Statements
$552,068
Total Revenue per Form 990
$552,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$115,747--$115,747
Depreciation Depletion$95,001--$95,001
Occupancy$66,658--$66,658
All Other Expenses$42,597--$42,597
Fees for Services Other$29,978--$29,978
Other Expenses$29,324--$29,324
Fees for Services Accounting$17,573--$17,573
Total Functional Expenses$527,697$0$0$527,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$527,697
Total Expenses per Audited Statements$527,697
Total Expenses per Form 990$527,697
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$20,936
Accrued Management Fees$8,440
Accrued Payroll Taxes$2,006
Operating Advance - C&s Jc$2,000
Accrued Interest-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management fee: beginning in 2014, the project became self-managed. The project entered into a management agreement allowing for a management fee equal to 7.71% of rent collected. For the year ended december 31, 2014, the fee amounted to 39,704. Per agreement with hud, the project operating account is allowed to transfer this money to an entity maintained bank account and is allowed to use these funds in its entity operations. During the year ended december 31, 2014, the project transferred 30,078 to an entity maintained bank account. For the year ended december 31, 2014, the project used 29,978 of these funds to reimburse community & senior services of johnston county (css) for providing contract administrative services. This amount has been reflected on the projects statement of activities in account number 7190 other expenses. In addition, the project reimbursed css 12,073 for providing front line administrative and accounting services.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Triangle Elderly Housing
EIN
27-2090858
Phone
9199346066
Address
1363 WEST MARKET STREET, SMITHFIELD, NC 27577

Signing Officer

Name
Jimmy Parker
Title
Chair
Phone
9199346066
Signed
2015-10-26

Organization Details

Principal Officer
Jimmy Parker
Formed
2011
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
4

Preparer

Firm
O Douglas Covington
Address
1031 SUMMIT AVE STE 2E1, GREENSBORO, NC 27405
Preparer
O Douglas Covington
Phone
3362725618
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation has been classified as an other-than private foundation and is tax-exempt under section 501(c)(3) of the internal revenue code. The corporation is subject to a tax on income from any unrelated business. At december 31, 2014, the corporation had no unrelated business income. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The corporation has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. The corporation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the corporations financial condition, results of operations or cash flows. Accordingly, the corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2014. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt045009
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt021836
IRS990/AccountsReceivableGrp/BOYAmt01849
IRS990/AccountsReceivableGrp/EOYAmt01979
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE EXEMPT PURPOSE IS TO PROVIDE HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED INDIVIDUALS. THE SUBSIDIZED RENTALS FROM THE DEPT OF HOUSING AND URBAN DEVELOPMENT MAKE THIS POSSIBLE.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt042597
IRS990/AllOtherExpensesGrp/TotalAmt042597
IRS990/AuditCommitteeInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0COMM & SR SERVICES OF JOHNSTON CO
IRS990/BooksInCareOfDetail/PhoneNum09199346066
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01363 WEST MARKET STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SMITHFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027577
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt012925
IRS990/CashNonInterestBearingGrp/EOYAmt011638
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0238
IRS990/CYOtherExpensesAmt0527697
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0551830
IRS990/CYRevenuesLessExpensesAmt024371
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0527697
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0552068
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0472
IRS990/DeferredRevenueGrp/EOYAmt0153
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt095001
IRS990/DepreciationDepletionGrp/TotalAmt095001
IRS990/Desc0THE EXEMPT PURPOSE IS TO PROVIDE HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED INDIVIDUALS. THE SUBSIDIZED RENTALS FROM THE DEPT OF HOUSING AND URBAN DEVELOPMENT MAKE THIS POSSIBLE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0527697
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017573
IRS990/FeesForServicesAccountingGrp/TotalAmt017573
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt029978
IRS990/FeesForServicesOtherGrp/TotalAmt029978
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL WENZEL
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE STRICKLAND
IRS990/Form990PartVIISectionAGrp/PersonNm2JIMMY PARKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0552068
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0184817
IRS990/IntangibleAssetsGrp/EOYAmt0179131
IRS990/InterestGrp/ProgramServicesAmt0115747
IRS990/InterestGrp/TotalAmt0115747
IRS990/InvestmentIncomeGrp/ExclusionAmt0238
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0238
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01887194
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01738208
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01655081
IRS990/LandBldgEquipCostOrOtherBssAmt03542275
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE EXEMPT PURPOSE IS TO PROVIDE HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED INDIVIDUALS. THE SUBSIDIZED RENTALS FROM THE DEPT OF HOUSING AND URBAN DEVELOPMENT MAKE THIS POSSIBLE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02928708
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02883702
IRS990/NetAssetsOrFundBalancesBOYAmt0-695213
IRS990/NetAssetsOrFundBalancesEOYAmt0-670842
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt066658
IRS990/OccupancyGrp/TotalAmt066658
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0332746
IRS990/OtherAssetsTotalGrp/EOYAmt0380509
IRS990/OtherExpensesGrp/Desc0REPAIRS
IRS990/OtherExpensesGrp/Desc1MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc2OFFICE SALARIES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt056036
IRS990/OtherExpensesGrp/ProgramServicesAmt139704
IRS990/OtherExpensesGrp/ProgramServicesAmt235079
IRS990/OtherExpensesGrp/ProgramServicesAmt329324
IRS990/OtherExpensesGrp/TotalAmt056036
IRS990/OtherExpensesGrp/TotalAmt139704
IRS990/OtherExpensesGrp/TotalAmt235079
IRS990/OtherExpensesGrp/TotalAmt329324
IRS990/OtherLiabilitiesGrp/BOYAmt038326
IRS990/OtherLiabilitiesGrp/EOYAmt033382
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017813
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018957
IRS990/PrincipalOfficerNm0JIMMY PARKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0HUD SUBSIDIZED APARTMENTS
IRS990/ProgramServiceRevenueGrp/Desc1HUD ALLOWED SELF CHGD MGT FEE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0521752
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0521752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130078
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0214
IRS990/PYOtherExpensesAmt0483418
IRS990/PYProgramServiceRevenueAmt0523318
IRS990/PYRevenuesLessExpensesAmt040114
IRS990/PYTotalExpensesAmt0483418
IRS990/PYTotalRevenueAmt0523532
IRS990/ReconcilationRevenueExpnssAmt024371
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0551830
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028944
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020936
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0551830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0523318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0518072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0255463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01848683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0238
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0886
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt030078
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt01848683
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0551830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0523318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0518072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0255463
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01848683
IRS990ScheduleA/TotalSupportAmt01849569
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01511572
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01835020
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03346592
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038718
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038718
IRS990ScheduleD/ExpensesSubtotalAmt0527697
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0118638
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0118638
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0220686
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt198183
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt261590
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024871
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013456
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPERATING ADVANCE - C&S JC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt0552068
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS BEEN CLASSIFIED AS AN OTHER-THAN PRIVATE FOUNDATION AND IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION IS SUBJECT TO A TAX ON INCOME FROM ANY UNRELATED BUSINESS. AT DECEMBER 31, 2014, THE CORPORATION HAD NO UNRELATED BUSINESS INCOME. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CORPORATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE CORPORATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE CORPORATIONS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2014. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01655081
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0380509
IRS990ScheduleD/TotalExpensesPerForm990Amt0527697
IRS990ScheduleD/TotalLiabilityAmt033382
IRS990ScheduleD/TotalRevenuePerForm990Amt0552068
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0552068
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0527697
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT FEE: BEGINNING IN 2014, THE PROJECT BECAME SELF-MANAGED. THE PROJECT ENTERED INTO A MANAGEMENT AGREEMENT ALLOWING FOR A MANAGEMENT FEE EQUAL TO 7.71% OF RENT COLLECTED. FOR THE YEAR ENDED DECEMBER 31, 2014, THE FEE AMOUNTED TO 39,704. PER AGREEMENT WITH HUD, THE PROJECT OPERATING ACCOUNT IS ALLOWED TO TRANSFER THIS MONEY TO AN ENTITY MAINTAINED BANK ACCOUNT AND IS ALLOWED TO USE THESE FUNDS IN ITS ENTITY OPERATIONS. DURING THE YEAR ENDED DECEMBER 31, 2014, THE PROJECT TRANSFERRED 30,078 TO AN ENTITY MAINTAINED BANK ACCOUNT. FOR THE YEAR ENDED DECEMBER 31, 2014, THE PROJECT USED 29,978 OF THESE FUNDS TO REIMBURSE COMMUNITY & SENIOR SERVICES OF JOHNSTON COUNTY (CSS) FOR PROVIDING CONTRACT ADMINISTRATIVE SERVICES. THIS AMOUNT HAS BEEN REFLECTED ON THE PROJECTS STATEMENT OF ACTIVITIES IN ACCOUNT NUMBER 7190 OTHER EXPENSES. IN ADDITION, THE PROJECT REIMBURSED CSS 12,073 FOR PROVIDING FRONT LINE ADMINISTRATIVE AND ACCOUNTING SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02317302
IRS990/TotalAssetsEOYAmt02268231
IRS990/TotalAssetsGrp/BOYAmt02317302
IRS990/TotalAssetsGrp/EOYAmt02268231
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0527697
IRS990/TotalFunctionalExpensesGrp/TotalAmt0527697
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03012515
IRS990/TotalLiabilitiesEOYAmt02939073
IRS990/TotalLiabilitiesGrp/BOYAmt03012515
IRS990/TotalLiabilitiesGrp/EOYAmt02939073
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-695213
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-670842
IRS990/TotalProgramServiceExpensesAmt0527697
IRS990/TotalProgramServiceRevenueAmt0551830
IRS990/TotalRevenueGrp/ExclusionAmt0521990
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030078
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0552068
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02317302
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02268231
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-695213
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-670842
IRS990/USAddress/AddressLine1Txt01363 WEST MARKET STREET
IRS990/USAddress/CityNm0SMITHFILED
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027577
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09199346066
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRIANGLE ELDERLY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TRIA
ReturnHeader/Filer/EIN0272090858
ReturnHeader/Filer/PhoneNum09199346066
ReturnHeader/Filer/USAddress/AddressLine1Txt01363 WEST MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0SMITHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027577
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561425237
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0O DOUGLAS COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01031 SUMMIT AVE STE 2E1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027405
ReturnHeader/PreparerPersonGrp/PhoneNum03362725618
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0O DOUGLAS COVINGTON
ReturnHeader/ReturnTs02015-11-13T11:16:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,268,231
Liabilities
$2,939,073
Net assets
-$670,842
Revenue
$552,068
Expenses
$527,697
Net income
$24,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$2.45$0.53$0.71$0.59$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$2.52$0.67$0.62$0.60$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$2.58$0.69$0.61$0.60$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$2.68$0.69$0.61$0.62$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$2.76$0.68$0.60$0.60$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$2.79$0.68$0.59$0.60$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.23$2.88$0.65$0.57$0.55$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.27$2.94$0.67$0.55$0.53$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$3.07$0.74$0.51