Civic Intelligence

Triangle Elderly Housing Corporation

990 • Fiscal year 2018 • EIN 27-2090858

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 28, 2019

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

95th percentile

1.33x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.61x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

42nd percentile

0.5%

Higher net margin than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

39th percentile

-1.4%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.2%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$2,080,217

Down $28,987 (-1.4%) from 2017

Net Assets

Up

-$680,198

Up $3,099 (+0.5%) from 2017

Liabilities

Down

$2,760,415

Down $32,086 (-1.1%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin42nd percentile

Revenue

Up

$598,362

Up $12,813 (+2.2%) from 2017

Expenses

Down

$595,263

Down $557 (-0.1%) from 2017

Net Income

Up

$3,099

Up $13,370 (+130%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th 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 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

2018

Assets$2,080,217
Liabilities$2,760,415
Net Assets-$680,198
Open 2018 Filing

Operations Trend

Revenue Growth46th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $511,0092012Revenue 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

2018

Revenue$598,362
Expenses$595,263
Net Income$3,099
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$598,362
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$1,488,892$1,393,294▼ $95,598
Intangible Assets$162,071$156,384▼ $5,687
Prepaid Expenses and Deferred Charges$27,186$28,952▲ $1,766
Savings and Temporary Cash Investments$21,575$23,912▲ $2,337
Cash and Non-Interest-Bearing Accounts$3,243$8,265▲ $5,022
Accounts Receivable$4,652$2,016▼ $2,636
Total Assets$2,109,204$2,080,217▼ $28,987
Other Assets Total$401,585$467,394▲ $65,809
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,741,743$2,689,159▼ $52,584
Other Liabilities$38,552$41,045▲ $2,493
Accounts Payable and Accrued Expenses$10,173$28,152▲ $17,979
Deferred Revenue$2,033$2,059▲ $26
Total Liabilities$2,792,501$2,760,415▼ $32,086
Net Assets / Fund Balance
Unrestricted Net Assets$-683,297$-680,198▲ $3,099
Total Net Assets Fund Balance$-683,297$-680,198▲ $3,099
Total Liabilities and Net Assets / Fund Balance$2,109,204$2,080,217▼ $28,987

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,229,938$2,168,641$3,398,579
Land$118,638-$118,638
Equipment$44,718$51,203$95,921
Other Land Buildings-$11,518$11,518
Other Assets Org$50--
Compensation and Service Providers
Top Officer PayScore unavailable

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
$598,122
Investment Income
$240
Other Revenue
$0
Change in Net Assets
$3,099

Audited Revenue Reconciliation

Revenue per Audited Statements
$598,362
Total Revenue per Audited Statements
$598,362
Total Revenue per Form 990
$598,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,263
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$107,995--$107,995
Depreciation Depletion$101,285--$101,285
Occupancy$88,677--$88,677
Fees for Services Other$42,457--$42,457
Fees for Services Management-$42,385-$42,385
All Other Expenses$31,881--$31,881
Other Expenses$22,490--$22,490
Fees for Services Accounting-$20,857-$20,857
Total Functional Expenses$532,021$63,242$0$595,263

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$595,263
Total Expenses per Audited Statements$595,263
Total Expenses per Form 990$595,263
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$23,912
Accrued Interest$8,919
Accrued Payroll Taxes$3,165
Accrued Management Fees$3,049
Operating Advance - C&s Jc$2,000
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

“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, 2018, the fee amounted to 42,385. 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, 2018, the project transferred 42,457 to an entity maintained bank account. This amount has been reflected on the project's statement of activities in account number 7105 entity revenue. For the year ended december 31, 2018, the project used 42,457 of these funds to reimburse community & senior services of johnston county ('css') for providing contract services. This amount has been reflected on the project's statement of activities in account number 7190 other expenses. In addition, the project reimbursed css 15,357 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
2019-10-28

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

“Income taxes: 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, 2018, 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 corporation's 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, 2018. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The corporation believes it is no longer subject to income tax examinations for years prior to 2015.”

Raw XML Appendix353 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/BOYAmt010173
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt028152
IRS990/AccountsReceivableGrp/BOYAmt04652
IRS990/AccountsReceivableGrp/EOYAmt02016
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/ProgramServicesAmt031881
IRS990/AllOtherExpensesGrp/TotalAmt031881
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/BOYAmt03243
IRS990/CashNonInterestBearingGrp/EOYAmt08265
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/CYInvestmentIncomeAmt0240
IRS990/CYOtherExpensesAmt0595263
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0598122
IRS990/CYRevenuesLessExpensesAmt03099
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0595263
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0598362
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt02033
IRS990/DeferredRevenueGrp/EOYAmt02059
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0101285
IRS990/DepreciationDepletionGrp/TotalAmt0101285
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/ExpenseAmt0532021
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020857
IRS990/FeesForServicesAccountingGrp/TotalAmt020857
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt042385
IRS990/FeesForServicesManagementGrp/TotalAmt042385
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt042457
IRS990/FeesForServicesOtherGrp/TotalAmt042457
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/GrossReceiptsAmt0598362
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0162071
IRS990/IntangibleAssetsGrp/EOYAmt0156384
IRS990/InterestGrp/ProgramServicesAmt0107995
IRS990/InterestGrp/TotalAmt0107995
IRS990/InvestmentIncomeGrp/ExclusionAmt0240
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0240
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02231362
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01488892
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01393294
IRS990/LandBldgEquipCostOrOtherBssAmt03624656
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/BOYAmt02741743
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02689159
IRS990/NetAssetsOrFundBalancesBOYAmt0-683297
IRS990/NetAssetsOrFundBalancesEOYAmt0-680198
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt088677
IRS990/OccupancyGrp/TotalAmt088677
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0401585
IRS990/OtherAssetsTotalGrp/EOYAmt0467394
IRS990/OtherExpensesGrp/Desc0REPAIRS
IRS990/OtherExpensesGrp/Desc1PAYROLL
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3OFFICE SALARIES
IRS990/OtherExpensesGrp/ProgramServicesAmt072608
IRS990/OtherExpensesGrp/ProgramServicesAmt134346
IRS990/OtherExpensesGrp/ProgramServicesAmt230282
IRS990/OtherExpensesGrp/ProgramServicesAmt322490
IRS990/OtherExpensesGrp/TotalAmt072608
IRS990/OtherExpensesGrp/TotalAmt134346
IRS990/OtherExpensesGrp/TotalAmt230282
IRS990/OtherExpensesGrp/TotalAmt322490
IRS990/OtherLiabilitiesGrp/BOYAmt038552
IRS990/OtherLiabilitiesGrp/EOYAmt041045
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027186
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028952
IRS990/PrincipalOfficerNm0JIMMY PARKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0HUD SUBSIDIZED APARTMENTS
IRS990/ProgramServiceRevenueGrp/Desc1HUD ALLOWED SELF CHGD MGT FEE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0555665
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042457
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0555665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142457
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-3012
IRS990/PYOtherExpensesAmt0595820
IRS990/PYProgramServiceRevenueAmt0588561
IRS990/PYRevenuesLessExpensesAmt0-10271
IRS990/PYTotalExpensesAmt0595820
IRS990/PYTotalRevenueAmt0585549
IRS990/ReconcilationRevenueExpnssAmt03099
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0598122
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021575
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0555665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0546702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0542169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0527706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0551830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02724072
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0240
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0183
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0238
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01028
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt084316
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt02724072
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0555665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0546702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0542169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0527706
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0551830
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02724072
IRS990ScheduleA/TotalSupportAmt02725100
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01229938
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02168641
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03398579
IRS990ScheduleD/EquipmentGrp/BookValueAmt044718
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051203
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt095921
IRS990ScheduleD/ExpensesSubtotalAmt0595263
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0118638
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0118638
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0208156
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1181808
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt277380
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011518
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPERATING ADVANCE - C&S JC
IRS990ScheduleD/RevenueSubtotalAmt0598362
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES: 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, 2018, 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 CORPORATION'S 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, 2018. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CORPORATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01393294
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0467394
IRS990ScheduleD/TotalExpensesPerForm990Amt0595263
IRS990ScheduleD/TotalLiabilityAmt041045
IRS990ScheduleD/TotalRevenuePerForm990Amt0598362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0598362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0595263
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEGINNING 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, 2018, THE FEE AMOUNTED TO 42,385. 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, 2018, THE PROJECT TRANSFERRED 42,457 TO AN ENTITY MAINTAINED BANK ACCOUNT. THIS AMOUNT HAS BEEN REFLECTED ON THE PROJECT'S STATEMENT OF ACTIVITIES IN ACCOUNT NUMBER 7105 ENTITY REVENUE. FOR THE YEAR ENDED DECEMBER 31, 2018, THE PROJECT USED 42,457 OF THESE FUNDS TO REIMBURSE COMMUNITY & SENIOR SERVICES OF JOHNSTON COUNTY ('CSS') FOR PROVIDING CONTRACT SERVICES. THIS AMOUNT HAS BEEN REFLECTED ON THE PROJECT'S STATEMENT OF ACTIVITIES IN ACCOUNT NUMBER 7190 OTHER EXPENSES. IN ADDITION, THE PROJECT REIMBURSED CSS 15,357 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02109204
IRS990/TotalAssetsEOYAmt02080217
IRS990/TotalAssetsGrp/BOYAmt02109204
IRS990/TotalAssetsGrp/EOYAmt02080217
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0532021
IRS990/TotalFunctionalExpensesGrp/TotalAmt0595263
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02792501
IRS990/TotalLiabilitiesEOYAmt02760415
IRS990/TotalLiabilitiesGrp/BOYAmt02792501
IRS990/TotalLiabilitiesGrp/EOYAmt02760415
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-683297
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-680198
IRS990/TotalProgramServiceExpensesAmt0532021
IRS990/TotalProgramServiceRevenueAmt0598122
IRS990/TotalRevenueGrp/ExclusionAmt0555905
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042457
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0598362
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02109204
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02080217
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-683297
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-680198
IRS990/USAddress/AddressLine1Txt01363 WEST MARKET STREET
IRS990/USAddress/CityNm0SMITHFIELD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027577
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09199346066
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-28
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/FilingSecurityInformation/AtSubmissionCreationDeviceId09ABB3A8741E2D8651CA16B94E376F26E376FD94C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0869ADC07537344D558453C3B1B37E6587F0DB1DC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:32:15
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/PreparationDt02019-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0O DOUGLAS COVINGTON
ReturnHeader/ReturnTs02019-11-05T08:32:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,080,217
Liabilities
$2,760,415
Net assets
-$680,198
Revenue
$598,362
Expenses
$595,263
Net income
$3,099
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
2018Detailed filing. Detailed filing data is available for this year.$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
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$3.07$0.74$0.51
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits