Civic Intelligence

Thp Housing Inc

EIN 56-1908374 • 501(c)3 • High Point, NC

Profile

To advocate and provide safe, sanitary, affordable housing for very low income persons with disabilities.

2102 Aileen CTHigh Point, NC 27265

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.36x

Higher debt load relative to assets than 98% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

9.11x

Higher debt load relative to revenue than 98% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2024

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

NTEE P • $500k-$1M nonprofits • Source year 2024

Asset Growth

45th percentile

1.5%

Faster asset growth than 45% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.8%

Faster revenue growth than 47% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$691,733

Up $10,341 (+1.5%) from 2023

Liabilities

Up

$1,632,167

Up $60,429 (+3.8%) from 2023

Net Assets

Down

-$940,434

Down $50,088 (-5.6%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Up

$179,089

Up $9,874 (+5.8%) from 2023

Expenses

Up

$229,177

Up $33,883 (+17%) from 2023

Net Income

Down

-$50,088

Down $24,009 (-92%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2011: $1,028,847Liabilities 2011: $1,577,637Net Assets 2011: -$548,7902011Assets 2012: $988,055Liabilities 2012: $1,571,789Net Assets 2012: -$583,7342012Assets 2013: $963,105Liabilities 2013: $1,575,528Net Assets 2013: -$612,4232013Assets 2014: $927,251Liabilities 2014: $1,570,863Net Assets 2014: -$643,6122014Assets 2015: $875,584Liabilities 2015: $1,569,869Net Assets 2015: -$694,2852015Assets 2016: $826,776Liabilities 2016: $1,576,299Net Assets 2016: -$749,5232016Assets 2017: $775,098Liabilities 2017: $1,571,840Net Assets 2017: -$796,7422017Assets 2018: $767,597Liabilities 2018: $1,574,525Net Assets 2018: -$806,9282018Assets 2019: $759,672Liabilities 2019: $1,569,858Net Assets 2019: -$810,1862019Assets 2020: $743,906Liabilities 2020: $1,570,033Net Assets 2020: -$826,1272020Assets 2021: $733,335Liabilities 2021: $1,573,963Net Assets 2021: -$840,6282021Assets 2022: $709,254Liabilities 2022: $1,573,521Net Assets 2022: -$864,2672022Assets 2023: $681,392Liabilities 2023: $1,571,738Net Assets 2023: -$890,3462023Assets 2024: $691,733Liabilities 2024: $1,632,167Net Assets 2024: -$940,4342024

Highlighted filing

2024

Assets$691,733
Liabilities$1,632,167
Net Assets-$940,434
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $136,195Expenses 2011: $180,079Net Income 2011: -$43,8842011Expenses 2012: $167,4042012Revenue 2013: $131,508Expenses 2013: $160,197Net Income 2013: -$28,6892013Revenue 2014: $147,467Expenses 2014: $178,656Net Income 2014: -$31,1892014Revenue 2015: $145,089Expenses 2015: $195,762Net Income 2015: -$50,6732015Revenue 2016: $127,858Expenses 2016: $183,096Net Income 2016: -$55,2382016Revenue 2017: $128,902Expenses 2017: $176,121Net Income 2017: -$47,2192017Revenue 2018: $152,248Expenses 2018: $162,434Net Income 2018: -$10,1862018Revenue 2019: $154,896Expenses 2019: $158,154Net Income 2019: -$3,2582019Revenue 2020: $145,739Expenses 2020: $161,680Net Income 2020: -$15,9412020Revenue 2021: $167,580Expenses 2021: $182,081Net Income 2021: -$14,5012021Revenue 2022: $172,811Expenses 2022: $196,450Net Income 2022: -$23,6392022Revenue 2023: $169,215Expenses 2023: $195,294Net Income 2023: -$26,0792023Revenue 2024: $179,089Expenses 2024: $229,177Net Income 2024: -$50,0882024

Highlighted filing

2024

Revenue$179,089
Expenses$229,177
Net Income-$50,088
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$691,733
Liabilities
$1,632,167
Net assets
-$940,434
Revenue
$179,089
Expenses
$229,177
Net income
-$50,088
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$1.63$0.94$0.18$0.23$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$1.57$0.89$0.17$0.20$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$1.57$0.86$0.17$0.20$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.57$0.84$0.17$0.18$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$1.57$0.83$0.15$0.16$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$1.57$0.81$0.15$0.16$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.77$1.57$0.81$0.15$0.16$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$1.57$0.80$0.13$0.18$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$1.58$0.75$0.13$0.18$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.88$1.57$0.69$0.15$0.20$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.93$1.57$0.64$0.15$0.18$0.03
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$1.58$0.61$0.13$0.16$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.57$0.58$0.17
2011Summary only. Only limited summary data is available for this year.$1.03$1.58$0.55$0.14$0.18$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2025
Return Version
2023v6.0
Gross Receipts
$274,580
Mission and Program Overview

Mission

To advocate and provide safe, sanitary, affordable housing for very low income persons with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$605,208$565,460▼ $39,748
Investments Program Related$68,205$93,459▲ $25,254
Accounts Receivable$3,091$15,869▲ $12,778
Cash and Non-Interest-Bearing Accounts$294$8,243▲ $7,949
Prepaid Expenses and Deferred Charges$322$2,202▲ $1,880
Total Assets$681,392$691,733▲ $10,341
Other Assets Total$4,272$6,500▲ $2,228
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,557,500$1,557,500→ $0
Accounts Payable and Accrued Expenses$7,431$66,867▲ $59,436
Other Liabilities$4,176$6,500▲ $2,324
Deferred Revenue$2,631$1,300▼ $1,331
Total Liabilities$1,571,738$1,632,167▲ $60,429
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-890,346$-940,434▼ $50,088
Total Net Assets Fund Balance$-890,346$-940,434▼ $50,088
Total Liabilities and Net Assets / Fund Balance$681,392$691,733▲ $10,341

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$408,550$821,676$1,230,226
Other Land Buildings$1,556$222,268$223,824
Equipment$59,354$114,008$173,362
Land$96,000-$96,000
Investment Program Related Org$93,459--
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Cassandra DurhamVice President
George SmithDirector
Joyce SatterfieldDirector
Markeyta MooreDirector
Sonya SibleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$111,416
Program Service Revenue
$67,164
Investment Income
$-967
Other Revenue
$1,476
Change in Net Assets
$-50,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$179,089
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,955
Total Revenue per Audited Statements
$181,044
Total Revenue per Form 990
$179,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,177
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
Occupancy$116,623--$116,623
Depreciation Depletion$39,748--$39,748
Fees for Services Management-$20,563-$20,563
Fees for Services Accounting-$8,132-$8,132
Office Expenses-$5,765-$5,765
Other Expenses$38,288$58-$58
Total Functional Expenses$194,659$34,518$0$229,177

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$231,132
Expenses per Audited Statements$229,177
Total Expenses per Form 990$229,177
Expenses Not Reported on Form 990$1,955
Expenses Not Reported on Financial Statements$0
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$6,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 3

“The operations of the apartment community are managed by barr residential & development, llc (brd). Brd is a professional property management company. Brd has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development (hud). Under this certification, hud has approved brd to manage the apartment community.”

Form 990, Part VI, Section B, Line 11B

“The board of directors reads and reviews form 990 prior to approving the return for filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The board delegates operation of the apartment community to the management agent, which operates the community to comply with hud and omb regulations, governing conflicts of interest and related party transactions. The management agent is accountable and reports to both the board of directors and to hud.”

Form 990, Part VI, Section C, Line 19

“Form 990, the governing documents, and all related financial and policy information is kept in the organization's central file room with the books and records, and made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Thp Housing Inc
EIN
56-1908374
Phone
3366441262
Address
2102 AILEEN CT, HIGH POINT, NC 27265

Signing Officer

Name
Cassandra Durham
Title
Vice President
Phone
3366441262
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cassandra Durham
Formed
1996
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Matthew Barnard
Phone
3178485700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gain/loss on disposal 1,955.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gain/loss on disposal 1,955.”

Raw XML AppendixShowing 400 of 423 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/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt015869
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AnnualDisclosureCoveredPrsnInd00
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IRS990/CYContributionsGrantsAmt0111416
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherExpensesAmt0229177
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IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt039748
IRS990/DepreciationDepletionGrp/TotalAmt039748
IRS990/Desc0OPERATING A 25 UNIT APARTMENT COMMUNITY TO PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING TO VERY LOW INCOME PERSONS WITH DISABILITIES PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt00
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IRS990/ExpenseAmt0194659
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm0CASSANDRA DURHAM
IRS990/Form990PartVIISectionAGrp/PersonNm1SONYA SIBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2MARKEYTA MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm3GEORGE SMITH
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/PYContributionsGrantsAmt0112235
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt0195294
IRS990/PYOtherRevenueAmt01343
IRS990/PYProgramServiceRevenueAmt055630
IRS990/PYRevenuesLessExpensesAmt0-26079
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0195294
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0169215
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-50088
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt065209
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0112235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0109268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0108790
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0104454
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0546163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0119
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt067164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt055630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt062699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt058182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt041037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0284712
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01125
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01476
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01344
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0838
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0603
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0129
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04390
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99340
IRS990ScheduleA/PublicSupportPY509Pct00.99520
IRS990ScheduleA/PublicSupportTotal509Amt0830875
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0178580
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0167865
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0171967
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0166972
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0145491
IRS990ScheduleA/Total509Grp/TotalAmt0830875
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0181044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0169216
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0172811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0167580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0145739
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0836390
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0408550
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0821676
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01230226
IRS990ScheduleD/EquipmentGrp/BookValueAmt059354
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114008
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0173362
IRS990ScheduleD/ExpensesNotReportedAmt01955
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0229177
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt093459
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt096000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt096000
IRS990ScheduleD/OtherExpensesIncludedAmt01955
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01556
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0222268
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0223824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt01955
IRS990ScheduleD/RevenueNotReportedAmt01955
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0179089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN/LOSS ON DISPOSAL 1,955.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GAIN/LOSS ON DISPOSAL 1,955.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0565460
IRS990ScheduleD/TotalBookValueProgramRltdAmt093459
IRS990ScheduleD/TotalExpensesPerForm990Amt0229177
IRS990ScheduleD/TotalLiabilityAmt06500
IRS990ScheduleD/TotalRevenuePerForm990Amt0179089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0181044
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0231132
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OPERATIONS OF THE APARTMENT COMMUNITY ARE MANAGED BY BARR RESIDENTIAL & DEVELOPMENT, LLC (BRD). BRD IS A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRD HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED BRD TO MANAGE THE APARTMENT COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS READS AND REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DELEGATES OPERATION OF THE APARTMENT COMMUNITY TO THE MANAGEMENT AGENT, WHICH OPERATES THE COMMUNITY TO COMPLY WITH HUD AND OMB REGULATIONS, GOVERNING CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS. THE MANAGEMENT AGENT IS ACCOUNTABLE AND REPORTS TO BOTH THE BOARD OF DIRECTORS AND TO HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, THE GOVERNING DOCUMENTS, AND ALL RELATED FINANCIAL AND POLICY INFORMATION IS KEPT IN THE ORGANIZATION'S CENTRAL FILE ROOM WITH THE BOOKS AND RECORDS, AND MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0681392
IRS990/TotalAssetsEOYAmt0691733
IRS990/TotalAssetsGrp/BOYAmt0681392
IRS990/TotalAssetsGrp/EOYAmt0691733
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0111416
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034518
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0194659
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229177
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01571738
IRS990/TotalLiabilitiesEOYAmt01632167
IRS990/TotalLiabilitiesGrp/BOYAmt01571738
IRS990/TotalLiabilitiesGrp/EOYAmt01632167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-890346
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-940434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0194659
IRS990/TotalProgramServiceRevenueAmt067164
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02464
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065209
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0179089
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0681392
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0691733
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02102 AILEEN CT
IRS990/USAddress/CityNm0HIGH POINT
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027265
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CASSANDRA DURHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03366441262

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