Civic Intelligence

Vance County Elderly Housing Corporation

990 • Fiscal year 2020 • EIN 56-1336437

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 01, 2020

Organization ProfileN/A
351 Keene StreetHenderson, NC 27536

(252) 492-9091

Siviq Scores

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

Liabilities / Assets

90th percentile

2.05x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

3.58x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Net Margin

67th percentile

8.4%

Higher net margin than 67% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Asset Growth

53rd percentile

-0.4%

Faster asset growth than 53% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

1.7%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$745,518

Down $3,004 (-0.4%) from 2019

Net Assets

Up

-$783,566

Up $35,999 (+4.4%) from 2019

Liabilities

Down

$1,529,084

Down $39,003 (-2.5%) from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin67th percentile

Revenue

Up

$427,399

Up $7,003 (+1.7%) from 2019

Expenses

Down

$391,400

Down $16,972 (-4.2%) from 2019

Net Income

Up

$35,999

Up $23,975 (+199%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$2.0M$1.0M$0-$1.0MAssets 2014: $975,853Liabilities 2014: $1,831,421Net Assets 2014: -$855,5682014Assets 2015: $946,595Liabilities 2015: $1,809,978Net Assets 2015: -$863,3832015Assets 2016: $914,950Liabilities 2016: $1,777,602Net Assets 2016: -$862,6522016Assets 2017: $808,563Liabilities 2017: $1,650,912Net Assets 2017: -$842,3492017Assets 2018: $783,186Liabilities 2018: $1,618,217Net Assets 2018: -$835,0312018Assets 2019: $748,522Liabilities 2019: $1,568,087Net Assets 2019: -$819,5652019Assets 2020: $745,518Liabilities 2020: $1,529,084Net Assets 2020: -$783,5662020Assets 2021: $800,684Liabilities 2021: $1,544,173Net Assets 2021: -$743,4892021Assets 2022: $782,836Liabilities 2022: $1,494,244Net Assets 2022: -$711,4082022Assets 2023: $770,089Liabilities 2023: $1,449,734Net Assets 2023: -$679,6452023Assets 2024: $752,018Liabilities 2024: $1,388,611Net Assets 2024: -$636,5932024

Highlighted filing

2020

Assets$745,518
Liabilities$1,529,084
Net Assets-$783,566
Open 2020 Filing

Operations Trend

Revenue Growth47th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $390,803Expenses 2014: $413,909Net Income 2014: -$23,1062014Revenue 2015: $395,855Expenses 2015: $403,670Net Income 2015: -$7,8152015Revenue 2016: $425,670Expenses 2016: $424,939Net Income 2016: $7312016Revenue 2017: $407,714Expenses 2017: $387,411Net Income 2017: $20,3032017Revenue 2018: $412,993Expenses 2018: $405,675Net Income 2018: $7,3182018Revenue 2019: $420,396Expenses 2019: $408,372Net Income 2019: $12,0242019Revenue 2020: $427,399Expenses 2020: $391,400Net Income 2020: $35,9992020Revenue 2021: $441,703Expenses 2021: $351,872Net Income 2021: $89,8312021Revenue 2022: $455,693Expenses 2022: $423,612Net Income 2022: $32,0812022Revenue 2023: $457,745Expenses 2023: $425,982Net Income 2023: $31,7632023Revenue 2024: $475,440Expenses 2024: $432,388Net Income 2024: $43,0522024

Highlighted filing

2020

Revenue$427,399
Expenses$391,400
Net Income$35,999
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 1, 2020
Return Version
2019v5.0
Gross Receipts
$427,399
Mission and Program Overview

Mission

To provide housing and related services to qualified elderly persons under programs supervised and subsidized by hud.

To provide housing and related services to qualified elderly persons under programs supervised and subsidized by hud

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$449,220$408,201▼ $41,019
Investments Program Related$280,595$314,879▲ $34,284
Cash and Non-Interest-Bearing Accounts$15,182$16,867▲ $1,685
Prepaid Expenses and Deferred Charges$3,418$3,991▲ $573
Pledges and Grants Receivable$107$1,580▲ $1,473
Total Assets$748,522$745,518▼ $3,004
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,540,066$1,495,833▼ $44,233
Accounts Payable and Accrued Expenses$16,153$20,849▲ $4,696
Escrow Account Liability$11,860$12,398▲ $538
Deferred Revenue$8$4▼ $4
Total Liabilities$1,568,087$1,529,084▼ $39,003
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-819,565$-783,566▲ $35,999
Total Net Assets Fund Balance$-819,565$-783,566▲ $35,999
Total Liabilities and Net Assets / Fund Balance$748,522$745,518▼ $3,004

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$264,090$1,415,975$1,680,065
Equipment$66,481$400,789$467,270
Land$77,630-$77,630
Investment Program Related Org$12,449--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Beatrice M WalkerPresident
Artelia E TriceBoard Member
Cheryl StridentBoard Member
Ernestine GranisonBoard Member
Ilean H MattocksVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$318,609
Program Service Revenue
$108,650
Investment Income
$140
Other Revenue
$0
Change in Net Assets
$35,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$427,399
Total Revenue per Audited Statements
$427,399
Total Revenue per Form 990
$427,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$302,217
Salaries, Compensation, and Employee Benefits$89,183
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,730$42,043-$71,773
Interest$61,051--$61,051
Depreciation Depletion$52,900--$52,900
Fees for Services Other$36,823--$36,823
Fees for Services Management-$28,888-$28,888
Insurance$22,617--$22,617
Occupancy$18,817$1,619-$20,436
Office Expenses-$12,110-$12,110
Other Employee Benefits$10,022--$10,022
Fees for Services Accounting-$8,100-$8,100
Payroll Taxes$7,388--$7,388
Other Expenses$5,574$3,543-$3,543
Conferences and Meetings-$1,943-$1,943
Advertising-$590-$590
All Other Expenses$98--$98
Total Functional Expenses$292,564$98,836$0$391,400

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$391,400
Total Expenses per Audited Statements$391,400
Total Expenses per Form 990$391,400
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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

“The corporation has contracted with residential properties management, inc to manage all day to day activities of the apartment complex”

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

“Form 990 is provided to the board of directors for review, approval and signature for the purpose of filing the return”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Vance County Elderly Housing
EIN
56-1336437
Phone
2524929091
Address
351 KEENE STREET, HENDERSON, NC 27536

Signing Officer

Name
Beatrice M Walker
Title
President
Phone
2524929091
Signed
2020-11-01

Organization Details

Principal Officer
Beatrice M Walker
Formed
1982
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Sharpe Patel CPA
Address
2459 WILKINSON BLVD SUITE 310, CHARLOTTE, NC 28208
Preparer
Megan a Rushford CPA
Phone
7044885372
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

“To provide housing and related services to qualified elderly persons under programs supervised and subsidized by hud”

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/BOYAmt016153
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt020849
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0590
IRS990/AdvertisingGrp/TotalAmt0590
IRS990/AllOtherExpensesGrp/ProgramServicesAmt098
IRS990/AllOtherExpensesGrp/TotalAmt098
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RESIDENTIAL PROPERTIES MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum09108147338
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1268
IRS990/BooksInCareOfDetail/USAddress/CityNm0GARNER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027529
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt015182
IRS990/CashNonInterestBearingGrp/EOYAmt016867
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01943
IRS990/ConferencesMeetingsGrp/TotalAmt01943
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0318609
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0140
IRS990/CYOtherExpensesAmt0302217
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0108650
IRS990/CYRevenuesLessExpensesAmt035999
IRS990/CYSalariesCompEmpBnftPaidAmt089183
IRS990/CYTotalExpensesAmt0391400
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0427399
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt08
IRS990/DeferredRevenueGrp/EOYAmt04
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt052900
IRS990/DepreciationDepletionGrp/TotalAmt052900
IRS990/Desc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt011860
IRS990/EscrowAccountLiabilityGrp/EOYAmt012398
IRS990/ExpenseAmt0292564
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08100
IRS990/FeesForServicesAccountingGrp/TotalAmt08100
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt028888
IRS990/FeesForServicesManagementGrp/TotalAmt028888
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt036823
IRS990/FeesForServicesOtherGrp/TotalAmt036823
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ERNESTINE GRANISON
IRS990/Form990PartVIISectionAGrp/PersonNm1ILEAN H MATTOCKS
IRS990/Form990PartVIISectionAGrp/PersonNm2CHERYL STRIDENT
IRS990/Form990PartVIISectionAGrp/PersonNm3ARTELIA E TRICE
IRS990/Form990PartVIISectionAGrp/PersonNm4BEATRICE M WALKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0318609
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0427399
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022617
IRS990/InsuranceGrp/TotalAmt022617
IRS990/InterestGrp/ProgramServicesAmt061051
IRS990/InterestGrp/TotalAmt061051
IRS990/InvestmentIncomeGrp/ExclusionAmt0140
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0140
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0280595
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0314879
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01816764
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0449220
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0408201
IRS990/LandBldgEquipCostOrOtherBssAmt02224965
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01540066
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01495833
IRS990/NetAssetsOrFundBalancesBOYAmt0-819565
IRS990/NetAssetsOrFundBalancesEOYAmt0-783566
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-819565
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-783566
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01619
IRS990/OccupancyGrp/ProgramServicesAmt018817
IRS990/OccupancyGrp/TotalAmt020436
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012110
IRS990/OfficeExpensesGrp/TotalAmt012110
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010022
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010022
IRS990/OtherExpensesGrp/Desc0SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2HEATING/COOLING R&M
IRS990/OtherExpensesGrp/Desc3MISC ADMIN EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03543
IRS990/OtherExpensesGrp/ProgramServicesAmt035987
IRS990/OtherExpensesGrp/ProgramServicesAmt111557
IRS990/OtherExpensesGrp/ProgramServicesAmt25574
IRS990/OtherExpensesGrp/TotalAmt035987
IRS990/OtherExpensesGrp/TotalAmt111557
IRS990/OtherExpensesGrp/TotalAmt25574
IRS990/OtherExpensesGrp/TotalAmt33543
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042043
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029730
IRS990/OtherSalariesAndWagesGrp/TotalAmt071773
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07388
IRS990/PayrollTaxesGrp/TotalAmt07388
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0107
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01580
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03418
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03991
IRS990/PrincipalOfficerNm0BEATRICE M WALKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0GROSS RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105754
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105754
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12896
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0315705
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0139
IRS990/PYOtherExpensesAmt0321270
IRS990/PYProgramServiceRevenueAmt0104552
IRS990/PYRevenuesLessExpensesAmt012024
IRS990/PYSalariesCompEmpBnftPaidAmt087102
IRS990/PYTotalExpensesAmt0408372
IRS990/PYTotalRevenueAmt0420396
IRS990/ReconcilationRevenueExpnssAmt035999
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0427259
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0264090
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01415975
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01680065
IRS990ScheduleD/EquipmentGrp/BookValueAmt066481
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0400789
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0467270
IRS990ScheduleD/ExpensesSubtotalAmt0391400
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0262618
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt120188
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt219624
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt312449
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt077630
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt077630
IRS990ScheduleD/RevenueSubtotalAmt0427399
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 1B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0408201
IRS990ScheduleD/TotalBookValueProgramRltdAmt0314879
IRS990ScheduleD/TotalExpensesPerForm990Amt0391400
IRS990ScheduleD/TotalRevenuePerForm990Amt0427399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0427399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0391400
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC TO MANAGE ALL DAY TO DAY ACTIVITIES OF THE APARTMENT COMPLEX
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW, APPROVAL AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0748522
IRS990/TotalAssetsEOYAmt0745518
IRS990/TotalAssetsGrp/BOYAmt0748522
IRS990/TotalAssetsGrp/EOYAmt0745518
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0318609
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098836
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0292564
IRS990/TotalFunctionalExpensesGrp/TotalAmt0391400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01568087
IRS990/TotalLiabilitiesEOYAmt01529084
IRS990/TotalLiabilitiesGrp/BOYAmt01568087
IRS990/TotalLiabilitiesGrp/EOYAmt01529084
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-819565
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-783566
IRS990/TotalProgramServiceExpensesAmt0292564
IRS990/TotalProgramServiceRevenueAmt0108650
IRS990/TotalRevenueGrp/ExclusionAmt0140
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0427399
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0748522
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0745518
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0351 KEENE STREET
IRS990/USAddress/CityNm0HENDERSON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027536
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BEATRICE M WALKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02524929091
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VANCE COUNTY ELDERLY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION T/A HERITAGE HOMES
ReturnHeader/Filer/BusinessNameControlTxt0VANC
ReturnHeader/Filer/EIN0561336437
ReturnHeader/Filer/PhoneNum02524929091
ReturnHeader/Filer/USAddress/AddressLine1Txt0351 KEENE STREET
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04FBD3EECB3F3A1380FD97EC27A11978529431C22
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05FE38D00E01DF92CCE9526BD7019F46AB4BB6496
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.77.128.118
ReturnHeader/FilingSecurityInformation/IPDt02020-10-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:54:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844233121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARPE PATEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02459 WILKINSON BLVD SUITE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028208
ReturnHeader/PreparerPersonGrp/PhoneNum07044885372
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN A RUSHFORD CPA
ReturnHeader/ReturnTs02020-10-14T14:54:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$745,518
Liabilities
$1,529,084
Net assets
-$783,566
Revenue
$427,399
Expenses
$391,400
Net income
$35,999
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$1.39$0.64$0.48$0.43$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.77$1.45$0.68$0.46$0.43$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.78$1.49$0.71$0.46$0.42$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.80$1.54$0.74$0.44$0.35$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.75$1.53$0.78$0.43$0.39$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.75$1.57$0.82$0.42$0.41$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.78$1.62$0.84$0.41$0.41$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.81$1.65$0.84$0.41$0.39$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.91$1.78$0.86$0.43$0.42$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.95$1.81$0.86$0.40$0.40$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.98$1.83$0.86$0.39$0.41$0.02