Civic Intelligence

Millbrook Homes Inc.

990 • Fiscal year 2014 • EIN 56-1983872

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 03, 2014

750 Bethesda RoadWinstonsalem, NC 27103

(336) 765-3906

Siviq Scores

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

Liabilities / Assets

41st percentile

0.45x

Higher debt load relative to assets than 41% of similar nonprofits.

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

Liabilities / Revenue

41st percentile

1.10x

Higher debt load relative to revenue than 41% of similar nonprofits.

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

Net Margin

85th percentile

19%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

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

Asset Growth

44th percentile

-2.7%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

50th percentile

1.5%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Down

$2,135,324

Down $59,768 (-2.7%) from 2013

Net Assets

Up

$1,172,136

Up $170,290 (+17%) from 2013

Liabilities

Down

$963,188

Down $230,058 (-19%) from 2013

Revenue

Up

$873,390

Up $13,158 (+1.5%) from 2013

Expenses

Down

$703,100

Down $19,533 (-2.7%) from 2013

Net Income

Up

$170,290

Up $32,691 (+24%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,451,295Liabilities 2011: $1,657,606Net Assets 2011: $793,6892011Assets 2012: $2,308,707Liabilities 2012: $1,444,460Net Assets 2012: $864,2472012Assets 2013: $2,195,092Liabilities 2013: $1,193,246Net Assets 2013: $1,001,8462013Assets 2014: $2,135,324Liabilities 2014: $963,188Net Assets 2014: $1,172,1362014Assets 2015: $1,965,934Liabilities 2015: $717,351Net Assets 2015: $1,248,5832015Assets 2016: $1,889,713Liabilities 2016: $534,059Net Assets 2016: $1,355,6542016Assets 2017: $1,946,800Liabilities 2017: $544,706Net Assets 2017: $1,402,0942017Assets 2018: $1,891,014Liabilities 2018: $459,637Net Assets 2018: $1,431,3772018Assets 2019: $1,816,607Liabilities 2019: $429,374Net Assets 2019: $1,387,2332019Assets 2020: $1,758,692Liabilities 2020: $396,168Net Assets 2020: $1,362,5242020Assets 2021: $1,657,494Liabilities 2021: $376,869Net Assets 2021: $1,280,6252021Assets 2022: $1,646,659Liabilities 2022: $346,625Net Assets 2022: $1,300,0342022Assets 2023: $1,639,338Liabilities 2023: $316,829Net Assets 2023: $1,322,5092023Assets 2024: $1,600,152Liabilities 2024: $276,389Net Assets 2024: $1,323,7632024Assets 2025: $1,580,611Liabilities 2025: $233,277Net Assets 2025: $1,347,3342025

Highlighted filing

2014

Assets$2,135,324
Liabilities$963,188
Net Assets$1,172,136

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $792,730Expenses 2011: $731,826Net Income 2011: $60,9042011Revenue 2012: $822,807Expenses 2012: $752,249Net Income 2012: $70,5582012Revenue 2013: $860,232Expenses 2013: $722,633Net Income 2013: $137,5992013Revenue 2014: $873,390Expenses 2014: $703,100Net Income 2014: $170,2902014Revenue 2015: $884,033Expenses 2015: $807,586Net Income 2015: $76,4472015Revenue 2016: $884,868Expenses 2016: $777,797Net Income 2016: $107,0712016Revenue 2017: $815,047Expenses 2017: $773,507Net Income 2017: $41,5402017Revenue 2018: $816,319Expenses 2018: $787,036Net Income 2018: $29,2832018Revenue 2019: $802,511Expenses 2019: $846,655Net Income 2019: -$44,1442019Revenue 2020: $822,711Expenses 2020: $847,420Net Income 2020: -$24,7092020Revenue 2021: $820,182Expenses 2021: $902,081Net Income 2021: -$81,8992021Revenue 2022: $856,890Expenses 2022: $837,481Net Income 2022: $19,4092022Revenue 2023: $861,824Expenses 2023: $839,349Net Income 2023: $22,4752023Revenue 2024: $862,444Expenses 2024: $861,190Net Income 2024: $1,2542024Revenue 2025: $889,158Expenses 2025: $865,587Net Income 2025: $23,5712025

Highlighted filing

2014

Revenue$873,390
Expenses$703,100
Net Income$170,290
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 3, 2014
Return Version
2013v3.0
Gross Receipts
$876,015
Mission and Program Overview

Mission

Developing and operating a section 236 apartment complex for low income individuals.

Own and operate a 144 unit apartment complex for low income individuals under section 236 of the national housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,986,742$1,865,839▼ $120,903
Savings and Temporary Cash Investments-$184,775-
Cash and Non-Interest-Bearing Accounts$10,778$30,794▲ $20,016
Accounts Receivable$15,411$16,929▲ $1,518
Prepaid Expenses and Deferred Charges$1,307$801▼ $506
Total Assets$2,195,092$2,135,324▼ $59,768
Other Assets Total$180,854$36,186▼ $144,668
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,047,972$818,563▼ $229,409
Unsecured Notes Loans Payable$65,703$65,703→ $0
Other Liabilities$41,646$36,186▼ $5,460
Accounts Payable and Accrued Expenses$23,920$21,844▼ $2,076
Deferred Revenue$14,005$20,892▲ $6,887
Total Liabilities$1,193,246$963,188▼ $230,058
Net Assets / Fund Balance
Unrestricted Net Assets$1,001,846$1,172,136▲ $170,290
Total Net Assets Fund Balance$1,001,846$1,172,136▲ $170,290
Total Liabilities and Net Assets / Fund Balance$2,195,092$2,135,324▼ $59,768

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,684,737$2,738,823$4,423,560
Land$150,000-$150,000
Other Land Buildings$10,352$62,625$72,977
Equipment$20,750$32,083$52,833
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert Sanders JrPresident
Craig PeatrossVice-president
Bill BoardDirector
Dr Frank CelestinoDirector
Joycelyn V JohnsonDirector
John NicholsAsst. Secretary/ Asst. VP
Mallory OatesSecretary
Tammy VernonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$875,903
Investment Income
$-2,513
Other Revenue
$0
Change in Net Assets
$170,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$873,390
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,625
Total Revenue per Audited Statements
$876,015
Total Revenue per Form 990
$873,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$703,100
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
Depreciation Depletion$163,651--$163,651
Fees for Services Management$95,467--$95,467
All Other Expenses$76,518$2,572-$79,090
Occupancy$61,787--$61,787
Insurance$48,309--$48,309
Other Expenses$45,002--$45,002
Office Expenses$16,587--$16,587
Fees for Services Accounting-$7,065-$7,065
Interest$6,087--$6,087
Fees for Services Legal$4,177--$4,177
Advertising$822--$822
Conferences and Meetings$17--$17
Total Functional Expenses$693,463$9,637$0$703,100

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$705,725
Expenses per Audited Statements$703,100
Total Expenses per Form 990$703,100
Expenses Not Reported on Form 990$2,625
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$36,186
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The tax return is reviewed by the director of finance of the management company and signed by the assistant vice president of the owner. Both individuals report to the board of directors (governing body).

Form 990, Part VI, Section C, Line 19

The organization has no written conflict of interest policy. Governing documents, financial statements and other pertinent information are provided to the public upon request.

Filing and Contact Details

Filer

EIN
56-1983872
Phone
3367653906

Signing Officer

Name
John Nichols
Title
Assistant Vice President
Phone
3367653906
Signed
2014-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Nichols
Formed
1996
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
8

Preparer

Preparer
Rhonda F Skiles
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Supplies: program service expenses 23,740. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,740. Garbage and trash removal: program service expenses 15,410. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,410. Bad debts: program service expenses 12,350. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,350. Payroll tax reimbursement: program service expenses 10,934. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,934. Hvac repairs & maintenance: program service expenses 7,721. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,721. Other renting expenses: program service expenses 3,094. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,094. Misc administrative expenses: program service expenses 0. Management and general expenses 2,572. Fundraising expenses 0. Total expenses 2,572. Mortgage insurance premiums: program service expenses 1,575. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,575. Misc operating expenses: program service expenses 774. Management and general expenses 0. Fundraising expenses 0. Total expenses 774. Vehicle repairs: program service expenses 599. Management and general expenses 0. Fundraising expenses 0. Total expenses 599. Security contract: program service expenses 321. Management and general expenses 0. Fundraising expenses 0. Total expenses 321.

Financial Statement Notes

PART X, LINE 2:

It is the organizations 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 2014. Currently, the statute of limitations remains open subsequent to and including 2011; however, no examinations are in process or anticipated.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of fixed assets 2,625.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of fixed assets 2,625.

Raw XML AppendixShowing 400 of 696 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/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST REDUCTION PAY
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0782726
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt168434
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224737
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0782726
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt168434
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224737
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0110
IRS990/PYOtherExpensesAmt0540644
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0860122
IRS990/PYRevenuesLessExpensesAmt0137599
IRS990/PYSalariesCompEmpBnftPaidAmt0181989
IRS990/PYTotalExpensesAmt0722633
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0860232
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0170290
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0873278
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0184775
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0112
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0463
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0537
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0875903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0860122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0822660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0792267
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0769287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04120239
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0463
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0537
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01369
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt04120239
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0875903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0860122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0822660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0792267
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0769287
IRS990ScheduleA/Total509Grp/TotalAmt04120239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0876015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0860232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0822807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0792730
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0769824
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04121608
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01684737
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02738823
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04423560
IRS990ScheduleD/EquipmentGrp/BookValueAmt020750
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032083
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052833
IRS990ScheduleD/ExpensesNotReportedAmt02625
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0703100
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/OtherExpensesIncludedAmt02625
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010352
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062625
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt02625
IRS990ScheduleD/RevenueNotReportedAmt02625
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0873390
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATIONS 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 2014. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING 2011; HOWEVER, NO EXAMINATIONS ARE IN PROCESS OR ANTICIPATED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF FIXED ASSETS 2,625.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF FIXED ASSETS 2,625.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01865839
IRS990ScheduleD/TotalExpensesPerForm990Amt0703100
IRS990ScheduleD/TotalLiabilityAmt036186
IRS990ScheduleD/TotalRevenuePerForm990Amt0873390
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0876015
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0705725
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE OF THE MANAGEMENT COMPANY AND SIGNED BY THE ASSISTANT VICE PRESIDENT OF THE OWNER. BOTH INDIVIDUALS REPORT TO THE BOARD OF DIRECTORS (GOVERNING BODY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO WRITTEN CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER PERTINENT INFORMATION ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUPPLIES: PROGRAM SERVICE EXPENSES 23,740. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,740. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 15,410. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,410. BAD DEBTS: PROGRAM SERVICE EXPENSES 12,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,350. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 10,934. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,934. HVAC REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 7,721. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,721. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 3,094. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,094. MISC ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,572. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,572. MORTGAGE INSURANCE PREMIUMS: PROGRAM SERVICE EXPENSES 1,575. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,575. MISC OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 774. VEHICLE REPAIRS: PROGRAM SERVICE EXPENSES 599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 599. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 321. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 321.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10NORTH CAROLINA HOUSING FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11GOLER PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12GLADSTONE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine13GRANVILLE PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine14GRANVILLE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine15HUNTERS HILL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine16KORNER HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine17LEGACY PLACE OF CATAWBA VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine18MOCK PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine19MOUNTAIN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine110TYRO SCHOOL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine111EAST SALEM APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine112EAST SALEM HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine113VHVH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine114NCAL - MOCKSVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine115NCAL - CHERRYVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine116NCAL - ROCKY MOUNT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine117NCAL - BOND PROPERTIES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.58$0.23$1.35$0.89$0.87$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.60$0.28$1.32$0.86$0.86$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.32$1.32$0.86$0.84$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.35$1.30$0.86$0.84$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.38$1.28$0.82$0.90$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.40$1.36$0.82$0.85$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.82$0.43$1.39$0.80$0.85$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.89$0.46$1.43$0.82$0.79$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.54$1.40$0.82$0.77$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.89$0.53$1.36$0.88$0.78$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.72$1.25$0.88$0.81$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.14$0.96$1.17$0.87$0.70$0.17
2013Summary only. Only limited summary data is available for this year.$2.20$1.19$1.00$0.86$0.72$0.14
2012Summary only. Only limited summary data is available for this year.$2.31$1.44$0.86$0.82$0.75$0.07
2011Summary only. Only limited summary data is available for this year.$2.45$1.66$0.79$0.79$0.73$0.06