Southeastern Housing Preservation Inc.

990 • Fiscal year 2016 • EIN 56-1856590

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 17, 2017

Organization Profile N/A

2021 Cross Beam DriveCharlotte, NC 28217

(704) 357-6000

Siviq Scores

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

0.33x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

1.80x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

27%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

No value available

This filing does not contain officer compensation rows.

Source year 2016

-6.1%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

-11%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets59th percentile

Assets

Down

$11,078,091

Down $721,470 (-6.1%) from 2015

Net Assets

$7,466,505

Up $641,881 (+9.4%) from 2015

Liabilities

Down

$3,611,586

Down $1,363,351 (-27%) from 2015

Revenue And Expenses

Liabilities / Revenue87th percentile Net Margin85th percentile

Revenue

Down

$2,011,678

Down $253,146 (-11%) from 2015

Expenses

$1,459,706

Up $50,452 (+3.6%) from 2015

Net Income

Down

$551,972

Down $303,598 (-35%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

Highlighted filing

2016

Assets$11,078,091

Liabilities$3,611,586

Net Assets$7,466,505

Open 2016 Filing

Operations Trend

Revenue Growth20th percentile

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

Highlighted filing

2016

Revenue$2,011,678

Expenses$1,459,706

Net Income$551,972

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2015 to Sep 30, 2016
Signed: Jan 17, 2017
Return Version: 2015v3.0
Gross Receipts: $3,395,806

Mission and Program Overview

Mission

Develop, own, maintain, operate, and provide assistance to rental housing projects for persons of low to moderate income operating under section 515(b) of the national housing act of 1949, as amended.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Other Notes and Loans Receivable, Net	$6,073,966	$6,836,594	▲ $762,628
Land, Buildings, and Equipment, Net	$4,312,060	$3,025,353	▼ $1,286,707
Savings and Temporary Cash Investments	$1,003,790	$780,287	▼ $223,503
Investments Program Related	$235,056	$259,986	▲ $24,930
Cash and Non-Interest-Bearing Accounts	$77,732	$169,394	▲ $91,662
Accounts Receivable	$96,957	$6,477	▼ $90,480
Total Assets	$11,799,561	$11,078,091	▼ $721,470
Liabilities
Mortgage Notes Payable Secured by Investment Property	$4,845,547	$3,505,896	▼ $1,339,651
Accounts Payable and Accrued Expenses	$73,085	$63,908	▼ $9,177
Other Liabilities	$56,305	$41,782	▼ $14,523
Total Liabilities	$4,974,937	$3,611,586	▼ $1,363,351
Net Assets / Fund Balance
Temporarily Rstr Net Assets	$5,820,802	$6,583,430	▲ $762,628
Unrestricted Net Assets	$1,003,822	$883,075	▼ $120,747
Total Net Assets Fund Balance	$6,824,624	$7,466,505	▲ $641,881
Total Liabilities and Net Assets / Fund Balance	$11,799,561	$11,078,091	▼ $721,470

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,544,677	$2,360,481	$4,905,158
Other Land Buildings	$85,954	$221,369	$307,323
Land	$296,940	-	$296,940
Equipment	$97,782	$155,951	$253,733

Compensation and Service Providers

Top Officer PayScore unavailable

Employees

Name	Title	Other	Total
Timothy L Gunderman	Director	$75,233	$75,233
Melvin B Melton	Director	$75,220	$75,220

Board Members and Trustees

Name	Title
Gary D Ellis	Director
Mike Rush	Director
Patsy Davis	Director

Revenue and Support

Revenue Composition

Contributions and Grants: $1,912,056
Program Service Revenue: $273,237
Investment Income: $-173,615
Other Revenue: $0
All Other Contributions: $14,920
Change in Net Assets: $551,972

Audited Revenue Reconciliation

Revenue per Audited Statements: $2,101,587
Revenue Not Reported on Financial Statements: $-89,909
Revenue Not Reported on Form 990: $0
Other Revenue Adjustments: $-89,909
Total Revenue per Audited Statements: $2,101,587
Total Revenue per Form 990: $2,011,678

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,459,706
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
All Other Expenses	$804,042	$20,604	-	$824,646
Depreciation Depletion	$190,194	-	-	$190,194
Other Expenses	$68,994	-	-	$68,994
Interest	$40,796	-	-	$40,796
Fees for Services Accounting	-	$17,400	-	$17,400
Office Expenses	$12,698	-	-	$12,698
Fees for Services Legal	-	$5,463	-	$5,463
Total Functional Expenses	$1,416,239	$43,467	$0	$1,459,706

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$1,459,706
Total Expenses per Audited Statements	$1,459,706
Total Expenses per Form 990	$1,459,706
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$0

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Interested-Person Transactions

Interested Party	Relationship	Description	Shared Revenue	Amount
-	Gp Interest Is Owned by S Corp Owned by 3 of the Current Board Members	.the Organization Sold Assets of Pine Forest Apartments to New Entity in Order to Utilize Low Income Housing Tax Credits to Rehabilitate the Project and Continue to Operate as Affordable Housing Under IRS Code Section 42 and Usda Rural Development.	No	$1,210,321
-	ENTITY MORE THAN 35% OWNED BY THREE OF THE CURRENT OFFICERS	Rental Property Mgmt Fees Paid in Accordance With Usda Rd Guidelines.	No	$150,211

Related Organizations and Partnerships

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Pecan Lane Limited Partnership	Charlotte, NC	Apartment Rental	$-4	$496,068	-	Yes
Wexford Pointe Apartments LLC	Charlotte, NC	Apartment Rental	-	$450,929	-	Yes
Hound Dog LLC	Charlotte, NC	Apartment Rental	$-1	$67,889	-	Yes
Westwood Va Limited Partnership	Charlotte, NC	Apartment Rental	-	$50,469	-	Yes
Newberry Indian Hills LLC	Charlotte, NC	Apartment Rental	$-1	$50,103	-	Yes
Cross Creek Limited Partnership	Charlotte, NC	Apartment Rental	$-461	$38,738	-	Yes
Dyersburg Associates	Charlotte, NC	Apartment Rental	$544	$30,350	-	No
Fieldale Housing LLC	Troy, NC	Apartment Rental	$-1	$25,848	-	No
Westgage Terrace Nc LLC	Charlotte, NC	Apartment Rental	-	$20,934	-	No
Bradbury Apartments Limited Partnership	Florence, AL	Apartment Rental	$-372	$19,889	-	No
New River Overlook Va LLC	Charlotte, NC	Apartment Rental	$-1,349	$9,923	-	No
Valdese Village Limited Partnership	Charlotte, NC	Apartment Rental	-	$2,825	-	No
Fields of Toe Nc Limited Partnership	Charlotte, NC	Apartment Rental	$-2	$1,901	-	Yes
Magnolia Park Limited Partnership	Charlotte, NC	Apartment Rental	$-1	$1,570	-	No
Brooke Point Manor LLC	Cary, NC	Apartment Rental	$1,073	$-36,696	-	Yes
Bailey Springs Apartments Lp	Florence, AL	Apartment Rental	$617	$-18,857	-	No
Warsaw Manor Va LLC	Charlotte, NC	Apartment Rental	-	$95	-	No
Lily Ridge Va LLC	Charlotte, NC	Apartment Rental	$-66,607	$70	-	No
Aspen Square Va Lp	Charlotte, NC	Apartment Rental	$-4	$60	-	No
Bailey Gardens Limited Partnership	Charlotte, NC	Apartment Rental	$-1	$60	-	No
Pope Field Terrace Sc LLC	Charlotte, NC	Apartment Rental	$-4	$56	-	No
The Shire Va LLC	Charlotte, NC	Apartment Rental	$-8,670	$54	-	No
Lake City Associates Ltd Partnership	Charlotte, NC	Apartment Rental	$-358	$43	-	Yes
Thomas Village Associates Lp	Charlotte, NC	Apartment Rental	-	$29	-	No
Lenox Station Apartments Lp	Florence, AL	Apartment Rental	$-6,960	$21	-	No
Lovingston Ridge Va LLC	Charlotte, NC	Apartment Rental	$-143	$16	-	No
Dyersburg Associates	Charlotte, NC	Apartment Rental	$-1,000	$11	-	Yes
Scotts Hill Ltd	Charlotte, NC	Apartment Rental	$-4,225	$11	-	Yes
Blue Sky Limited Partnership	Charlotte, NC	Apartment Rental	$-2	$3	-	Yes
Bellemont Pointe Apartments LLC	Charlotte, NC	Apartment Rental	$-1	$2	-	No
Heritage Village Ltd	Charlotte, NC	Apartment Rental	$-1	$2	-	Yes
Willow Branch Associates Lp	Charlotte, NC	Apartment Rental	-	-	-	Yes
Wintergreen Apartments Ltd	Charlotte, NC	Apartment Rental	-	-	-	Yes
Wood Hill Associates of Mt Sterling	Charlotte, NC	Apartment Rental	-	-	-	No
Holly Park Housing LLC	Troy, NC	Apartment Rental	$-3	$-1	-	No
Kings Square Ii Limited Partnership	Charlotte, NC	Apartment Rental	$-1	$-11	-	No
Phillips Village Ltd	Charlotte, NC	Apartment Rental	$-1	$-11,642	-	Yes
North Glen Apartmentnc Lp	Charlotte, NC	Apartment Rental	$-2	$-164	-	No
Residential Resources Lp Sign Post Estates	Charles City County, VA	Apartment Rental	$-1,968	$-32,619	-	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Security Deposits Payable	$41,782

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Audit committee: Yes
Backup withholding compliance: Yes
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, Part VI, Section A, Line 2

“Related party information among officers: the three members of the board of directors of southeastern housing preservation are related through business. Together, they wholly own the management company, gem management, inc., which manages affordable housing properties, including the properties owned by the entity. Gary d ellis, gem management, inc., owner tim gunderman, gem management, inc., owner melvin melton, gem mangement, inc., owner”

Form 990, Part VI, Section A, Line 3

“Daily operations of the rental properties are handled by gem management, inc. In accordance with u.s. Department of agriculture rural development regulations and procedures.”

Form 990, Part VI, Section B, Line 11

“A copy of this form 990 was provided to the board of directors for review prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name: Southeastern Housing Preservation
EIN: 56-1856590
Phone: 7043576000
Address: 2021 CROSS BEAM DRIVE, CHARLOTTE, NC 28217

Signing Officer

Name: Gary D Ellis
Title: Director
Phone: 7043576000
Signed: 2017-01-17
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Gary D Ellis
Formed: 1994
Legal Domicile: Nc
Voting Board Members: 3
Independent Board Members: 0
Employees: 0
Volunteers: 0

Preparer

Firm: Bernard Robinson & Company Llp
Address: PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer: Rhonda F Skiles
Phone: 3362944494

Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Springwood - utilities: program service expenses 53,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,320. Hillside - utilities: program service expenses 49,004. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,004. Springwood - mgmt fee: program service expenses 45,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,618. Sedgefield - utilities: program service expenses 44,195. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,195. Sedgefield - reserve expenses: program service expenses 39,784. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,784. Hillside - mgmt fee: program service expenses 39,152. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,152. Pine forest - repairs & maintenance: program service expenses 39,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,040. Pine forest - utilities: program service expenses 38,929. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,929. Pine forest - mgmt fee: program service expenses 34,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,250. Hillside - real estate taxes: program service expenses 28,786. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,786. Springwood - real estate taxes: program service expenses 28,080. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,080. Sedgefield - mgmt fee: program service expenses 23,019. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,019. Springwood - site mgmt payroll: program service expenses 22,906. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,906. Corporate - service coordinator fee: program service expenses 20,441. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,441. Sedgefield - real estate taxes: program service expenses 19,932. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,932. Springwood - grounds: program service expenses 18,740. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,740. Pine forest - site mgmt payroll: program service expenses 18,695. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,695. Springwood - insurance: program service expenses 18,237. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,237. Hillside - grounds: program service expenses 17,844. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,844. Sedgefield - grounds: program service expenses 17,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,820. Pine forest - real estate taxes: program service expenses 16,496. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,496. Hillside - site mgmt payroll: program service expenses 15,678. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,678. Hillside - insurance: program service expenses 15,633. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,633. Pine forest - insurance: program service expenses 13,361. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,361. Springwood - payroll tax/benefits: program service expenses 12,652. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,652. Pine forest - payroll tax/benefits: program service expenses 12,597. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,597. Springfield - repairs & maintenance: program service expenses 11,001. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,001. Sedgefield - insurance: program service expenses 9,384. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,384. Hi”

FORM 990, PART XI, LINE 9:

“Rental losses from pass-through entities 89,944. Interest income from pass-through entities -35.”

Financial Statement Notes

PART X, LINE 2:

“It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2016.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental income from pass-through entities -89,944. Interest income from pass-through entities 35.”

Raw XML AppendixShowing 400 of 1,021 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.

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IRS990/ActivityOrMissionDesc	0	DEVELOP, OWN, MAINTAIN, OPERATE, AND PROVIDE ASSISTANCE TO RENTAL HOUSING PROJECTS FOR PERSONS OF LOW TO MODERATE INCOME OPERATING UNDER SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED.
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IRS990/LandBldgEquipCostOrOtherBssAmt	0	5763154
IRS990/LegalDomicileStateCd	0	NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt	0	1384128
IRS990/LoanOutstandingInd	0	0
IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
IRS990/MaterialDiversionOrMisuseInd	0	0
IRS990/MembersOrStockholdersInd	0	0
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	1
IRS990/MinutesOfGoverningBodyInd	0	1
IRS990/MissionDesc	0	DEVELOP, OWN, MAINTAIN, OPERATE, AND PROVIDE ASSISTANCE TO RENTAL HOUSING PROJECTS FOR PERSONS OF LOW TO MODERATE INCOME OPERATING UNDER SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED.
IRS990/MoreThan5000KToIndividualsInd	0	0
IRS990/MoreThan5000KToOrgInd	0	0
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	4845547
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	3505896
IRS990/NetAssetsOrFundBalancesBOYAmt	0	6824624
IRS990/NetAssetsOrFundBalancesEOYAmt	0	7466505
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt	0	-173807
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt	0	-173807
IRS990/NetUnrelatedBusTxblIncmAmt	0	0
IRS990/NondeductibleContributionsInd	0	0
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	12698
IRS990/OfficeExpensesGrp/TotalAmt	0	12698
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OtherChangesInNetAssetsAmt	0	89909
IRS990/OtherExpensesGrp/Desc	0	HILLSIDE - RESERVE EXPE
IRS990/OtherExpensesGrp/Desc	1	HILLSIDE - REPAIRS & MA
IRS990/OtherExpensesGrp/Desc	2	SPRINGWOOD - REPAIRS &
IRS990/OtherExpensesGrp/Desc	3	SEDGEFIELD - REPAIRS &
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	133765
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	86569
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	79181
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	68994
IRS990/OtherExpensesGrp/TotalAmt	0	133765
IRS990/OtherExpensesGrp/TotalAmt	1	86569
IRS990/OtherExpensesGrp/TotalAmt	2	79181
IRS990/OtherExpensesGrp/TotalAmt	3	68994
IRS990/OtherLiabilitiesGrp/BOYAmt	0	56305
IRS990/OtherLiabilitiesGrp/EOYAmt	0	41782
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt	0	6073966
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	6836594
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrincipalOfficerNm	0	GARY D ELLIS
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	LOW INCOME HOUSING RENTAL
IRS990/ProgramServiceRevenueGrp/Desc	1	LATE CHARGES, LAUNDRY, ETC.
IRS990/ProgramServiceRevenueGrp/Desc	2	RENTAL INCOME FROM PASS-THROUGH K
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	329898
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	33283
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	-89944
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	329898
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	33283
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	-89944
IRS990/ProgSrvcAccomActy2Grp/Desc	0	USDA RURAL DEVELOPMENT 515 PROGRAM - NONPROFIT ALLOCATION;SEDGEFIELD APARTMENTS, MOORESVILLE, NC36 UNITS X 12 MONTHS AVAILABLE OCCUPANCY = 432 AVAILABLE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt	0	265226
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt	0	52317
IRS990/ProgSrvcAccomActy3Grp/Desc	0	USDA RURAL DEVELOPMENT 515 PROGRAM - NONPROFIT ALLOCATIONHILLSIDE APARTMENTS, MOORESVILLE, NC60 UNITS X 12 MONTHS AVAILABLE OCCUPANCY = 720 AVAILABLE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt	0	470667
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt	0	125549
IRS990/ProgSrvcAccomActyOtherGrp/Desc	0	USDA RURAL DEVELOPMENT 515 PROGRAM - NONPROFIT ALLOCATION;PINE FOREST APARTMENTS, PLYMOUTH, NC55 UNITS X 11 MONTHS AVAILABLE OCCUPANCY = 605 AVAILABLE
IRS990/ProgSrvcAccomActyOtherGrp/Desc	1	USDA RURAL DEVELOPMENT 515 PROGRAM - NONPROFIT ALLOCATION;SPRINGFIELD APARTMENTS, KINGS MOUNTAIN, NC12 UNITS X 12 MONTHS AVAILABLE OCCUPANCY = 144 AVAILABLE
IRS990/ProgSrvcAccomActyOtherGrp/Desc	2	DEVELOP, OWN, MAINTAIN, OPERATE, AND PROVIDE ASSISTANCE TO RENTAL HOUSING PROJECTS FOR PERSONS OF LOW TO MODERATE INCOME OPERATING UNDER SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt	0	242371
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt	1	56815
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt	2	20941
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt	0	50350
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt	1	24204
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	1937229
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	201
IRS990/PYOtherExpensesAmt	0	1409254
IRS990/PYOtherRevenueAmt	0	0
IRS990/PYProgramServiceRevenueAmt	0	327394
IRS990/PYRevenuesLessExpensesAmt	0	855570
IRS990/PYSalariesCompEmpBnftPaidAmt	0	0
IRS990/PYTotalExpensesAmt	0	1409254
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	2264824
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	551972
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	0
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	85991
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	1003790
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	780287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	1912056
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	1937229
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	3293144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	1189755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	1867224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	10199408
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	192
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	844
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	1628
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	1624462
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.99980
IRS990ScheduleA/PublicSupportPY170Pct	0	0.99980
IRS990ScheduleA/PublicSupportTotal170Amt	0	10199408
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	1912056
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	1937229
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	3293144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	1189755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	1867224
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	10199408
IRS990ScheduleA/TotalSupportAmt	0	10201036
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990/ScheduleBRequiredInd	0	1
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2544677
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	2360481
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	4905158
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	97782
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	155951
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	253733
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	1459706
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/LandGrp/BookValueAmt	0	296940
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	296940
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	85954
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	221369
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	307323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	41782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt	0	-89909
IRS990ScheduleD/RevenueNotReportedAmt	0	0
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	-89909
IRS990ScheduleD/RevenueSubtotalAmt	0	2101587
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	1	RENTAL INCOME FROM PASS-THROUGH ENTITIES -89,944. INTEREST INCOME FROM PASS-THROUGH ENTITIES 35.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	1	PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	3025353
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	1459706
IRS990ScheduleD/TotalLiabilityAmt	0	41782
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	2011678
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	2101587
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	1459706
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	0
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	0
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	0
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	0
IRS990ScheduleJ/InitialContractExceptionInd	0	0
IRS990/ScheduleJRequiredInd	0	1
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	165568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	GARY D ELLIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	165568
IRS990ScheduleJ/SeverancePaymentInd	0	0
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	0
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt	0	GEM MANAGEMENT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt	1	PINE FOREST NC LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt	0	ENTITY MORE THAN 35% OWNED BY THREE OF THE CURRENT OFFICERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt	1	GP INTEREST IS OWNED BY S CORP OWNED BY 3 OF THE CURRENT BOARD MEMBERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd	0	0
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd	1	0
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt	0	150211
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt	1	1210321
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc	0	RENTAL PROPERTY MGMT FEES PAID IN ACCORDANCE WITH USDA RD GUIDELINES.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc	1	.THE ORGANIZATION SOLD ASSETS OF PINE FOREST APARTMENTS TO NEW ENTITY IN ORDER TO UTILIZE LOW INCOME HOUSING TAX CREDITS TO REHABILITATE THE PROJECT AND CONTINUE TO OPERATE AS AFFORDABLE HOUSING UNDER IRS CODE SECTION 42 AND USDA RURAL DEVELOPMENT.
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	RELATED PARTY INFORMATION AMONG OFFICERS: THE THREE MEMBERS OF THE BOARD OF DIRECTORS OF SOUTHEASTERN HOUSING PRESERVATION ARE RELATED THROUGH BUSINESS. TOGETHER, THEY WHOLLY OWN THE MANAGEMENT COMPANY, GEM MANAGEMENT, INC., WHICH MANAGES AFFORDABLE HOUSING PROPERTIES, INCLUDING THE PROPERTIES OWNED BY THE ENTITY. GARY D ELLIS, GEM MANAGEMENT, INC., OWNER TIM GUNDERMAN, GEM MANAGEMENT, INC., OWNER MELVIN MELTON, GEM MANGEMENT, INC., OWNER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DAILY OPERATIONS OF THE RENTAL PROPERTIES ARE HANDLED BY GEM MANAGEMENT, INC. IN ACCORDANCE WITH U.S. DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT REGULATIONS AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	A COPY OF THIS FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	SPRINGWOOD - UTILITIES: PROGRAM SERVICE EXPENSES 53,320. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,320. HILLSIDE - UTILITIES: PROGRAM SERVICE EXPENSES 49,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,004. SPRINGWOOD - MGMT FEE: PROGRAM SERVICE EXPENSES 45,618. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,618. SEDGEFIELD - UTILITIES: PROGRAM SERVICE EXPENSES 44,195. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,195. SEDGEFIELD - RESERVE EXPENSES: PROGRAM SERVICE EXPENSES 39,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,784. HILLSIDE - MGMT FEE: PROGRAM SERVICE EXPENSES 39,152. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,152. PINE FOREST - REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 39,040. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,040. PINE FOREST - UTILITIES: PROGRAM SERVICE EXPENSES 38,929. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,929. PINE FOREST - MGMT FEE: PROGRAM SERVICE EXPENSES 34,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,250. HILLSIDE - REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 28,786. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,786. SPRINGWOOD - REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 28,080. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,080. SEDGEFIELD - MGMT FEE: PROGRAM SERVICE EXPENSES 23,019. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,019. SPRINGWOOD - SITE MGMT PAYROLL: PROGRAM SERVICE EXPENSES 22,906. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,906. CORPORATE - SERVICE COORDINATOR FEE: PROGRAM SERVICE EXPENSES 20,441. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,441. SEDGEFIELD - REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 19,932. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,932. SPRINGWOOD - GROUNDS: PROGRAM SERVICE EXPENSES 18,740. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,740. PINE FOREST - SITE MGMT PAYROLL: PROGRAM SERVICE EXPENSES 18,695. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,695. SPRINGWOOD - INSURANCE: PROGRAM SERVICE EXPENSES 18,237. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,237. HILLSIDE - GROUNDS: PROGRAM SERVICE EXPENSES 17,844. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,844. SEDGEFIELD - GROUNDS: PROGRAM SERVICE EXPENSES 17,820. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,820. PINE FOREST - REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 16,496. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,496. HILLSIDE - SITE MGMT PAYROLL: PROGRAM SERVICE EXPENSES 15,678. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,678. HILLSIDE - INSURANCE: PROGRAM SERVICE EXPENSES 15,633. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,633. PINE FOREST - INSURANCE: PROGRAM SERVICE EXPENSES 13,361. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,361. SPRINGWOOD - PAYROLL TAX/BENEFITS: PROGRAM SERVICE EXPENSES 12,652. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,652. PINE FOREST - PAYROLL TAX/BENEFITS: PROGRAM SERVICE EXPENSES 12,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,597. SPRINGFIELD - REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 11,001. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,001. SEDGEFIELD - INSURANCE: PROGRAM SERVICE EXPENSES 9,384. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,384. HI
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	RENTAL LOSSES FROM PASS-THROUGH ENTITIES 89,944. INTEREST INCOME FROM PASS-THROUGH ENTITIES -35.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd	0	0
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0
IRS990ScheduleR/DivRelatedOrganizationInd	0	0
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	0
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	0
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd	0	0
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd	1	0
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd	0	N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd	1	N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN	0	561733418
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN	1	561872435
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt	0	S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt	1	S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd	0	NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd	1	NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt	0	MANAGEMENT OF AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt	1	OWNER OF PARTNERSHIP INTERESTS IN AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt	0	GEM MANAGEMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt	1	HEGM CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt	0	2021 CROSS BEAM DRIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt	1	2021 CROSS BEAM DRIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm	0	CHARLOTTE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm	1	CHARLOTTE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd	0	NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd	1	NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd	0	28217
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd	1	28217
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	0	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	1	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	2	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	3	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	4	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	5	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	6	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	7	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	8	N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd	9	N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $11,078,091
Liabilities: $3,611,586
Net assets: $7,466,505
Revenue: $2,011,678
Expenses: $1,459,706
Net income: $551,972

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$15.2	$1.04	$14.2	$2.58	$1.34	$1.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$15.6	$2.44	$13.2	$1.49	$1.34	$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$15.7	$2.66	$13.1	$2.50	$1.12	$1.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$14.8	$3.03	$11.7	$2.81	$1.23	$1.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$13.5	$3.28	$10.2	$1.80	$1.29	$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$13.4	$3.63	$9.78	$1.78	$0.97	$0.81
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$12.6	$3.56	$9.05	$2.57	$1.36	$1.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.	$11.6	$3.76	$7.83	$1.83	$1.45	$0.38
2016Detailed filing. Detailed filing data is available for this year.	$11.1	$3.61	$7.47	$2.01	$1.46	$0.55
2015Detailed filing. Detailed filing data is available for this year.	$11.8	$4.97	$6.82	$2.26	$1.41	$0.86
2014Detailed filing. Detailed filing data is available for this year.	$11.1	$5.15	$5.99	$3.53	$1.35	$2.18