Civic Intelligence

Millbrook Homes Inc.

990 • Fiscal year 2015 • EIN 56-1983872

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 04, 2015

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

39th percentile

0.36x

Higher debt load relative to assets than 39% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.81x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

75th percentile

8.6%

Higher net margin than 75% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

11th percentile

-7.9%

Faster asset growth than 11% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

1.2%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,965,934

Down $169,390 (-7.9%) from 2014

Net Assets

Up

$1,248,583

Up $76,447 (+6.5%) from 2014

Liabilities

Down

$717,351

Down $245,837 (-26%) from 2014

Revenue

Up

$884,033

Up $10,643 (+1.2%) from 2014

Expenses

Up

$807,586

Up $104,486 (+15%) from 2014

Net Income

Down

$76,447

Down $93,843 (-55%) from 2014

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

2015

Assets$1,965,934
Liabilities$717,351
Net Assets$1,248,583

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

2015

Revenue$884,033
Expenses$807,586
Net Income$76,447
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 4, 2015
Return Version
2014v5.0
Gross Receipts
$890,525
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$1,865,839$1,720,371▼ $145,468
Savings and Temporary Cash Investments$184,775$171,174▼ $13,601
Cash and Non-Interest-Bearing Accounts$30,794$26,238▼ $4,556
Accounts Receivable$16,929$17,402▲ $473
Prepaid Expenses and Deferred Charges$801$260▼ $541
Total Assets$2,135,324$1,965,934▼ $169,390
Other Assets Total$36,186$30,489▼ $5,697
Liabilities
Mortgage Notes Payable Secured by Investment Property$818,563$578,628▼ $239,935
Unsecured Notes Loans Payable$65,703$65,703→ $0
Other Liabilities$36,186$30,489▼ $5,697
Accounts Payable and Accrued Expenses$21,844$28,593▲ $6,749
Deferred Revenue$20,892$13,938▼ $6,954
Total Liabilities$963,188$717,351▼ $245,837
Net Assets / Fund Balance
Unrestricted Net Assets$1,172,136$1,248,583▲ $76,447
Total Net Assets Fund Balance$1,172,136$1,248,583▲ $76,447
Total Liabilities and Net Assets / Fund Balance$2,135,324$1,965,934▼ $169,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,543,053$2,888,438$4,431,491
Land$150,000-$150,000
Other Land Buildings$8,555$64,422$72,977
Equipment$18,763$34,070$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
$890,425
Investment Income
$-6,392
Other Revenue
$0
Change in Net Assets
$76,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$884,033
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,492
Total Revenue per Audited Statements
$890,525
Total Revenue per Form 990
$884,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$807,586
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$163,238--$163,238
All Other Expenses$114,919$3,226-$118,145
Fees for Services Management$93,163--$93,163
Occupancy$64,655--$64,655
Insurance$45,439--$45,439
Other Expenses$38,476--$38,476
Office Expenses$17,957--$17,957
Fees for Services Accounting-$6,512-$6,512
Fees for Services Legal$5,751--$5,751
Interest$5,109--$5,109
Advertising$337--$337
Conferences and Meetings$117--$117
Total Functional Expenses$797,848$9,738$0$807,586

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$814,078
Expenses per Audited Statements$807,586
Total Expenses per Form 990$807,586
Expenses Not Reported on Form 990$6,492
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$30,489
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

Filer Name
Millbrook Homes Inc
EIN
56-1983872
Phone
3367653906
Address
750 BETHESDA ROAD, WINSTONSALEM, NC 27103
Doing Business As
Millbrook Apartments

Signing Officer

Name
John Nichols
Title
Assistant Vice President
Phone
3367653906
Signed
2015-11-04
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

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

Supplies: program service expenses 37,631. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,631. Bad debts: program service expenses 25,841. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,841. Garbage and trash removal: program service expenses 15,765. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,765. Hvac repairs & maintenance: program service expenses 10,389. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,389. Payroll tax reimbursement: program service expenses 10,121. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,121. Misc operating expenses: program service expenses 5,048. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,048. Other renting expenses: program service expenses 3,531. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,531. Misc administrative expenses: program service expenses 0. Management and general expenses 3,226. Fundraising expenses 0. Total expenses 3,226. Snow removal: program service expenses 2,245. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,245. Misc financial : program service expenses 1,990. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,990. Vehicle repairs: program service expenses 1,030. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,030. Mortgage insurance premiums: program service expenses 888. Management and general expenses 0. Fundraising expenses 0. Total expenses 888. Security contract: program service expenses 440. Management and general expenses 0. Fundraising expenses 0. Total expenses 440.

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 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of fixed assets 6,492.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of fixed assets 6,492.

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0801
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0260
IRS990/PrincipalOfficerNm0JOHN NICHOLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST REDUCTION PAY
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0787911
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179665
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt222842
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0787911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt179665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2513
IRS990/PYOtherExpensesAmt0703100
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0875903
IRS990/PYRevenuesLessExpensesAmt0170290
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0703100
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0873390
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt076447
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0883933
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0184775
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0171174
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0112
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0463
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0890425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0875903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0860122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0822660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0792267
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04241377
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0463
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0932
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt04241377
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0890425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0875903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0860122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0822660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0792267
IRS990ScheduleA/Total509Grp/TotalAmt04241377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0890525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0876015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0860232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0822807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0792730
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04242309
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01543053
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02888438
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04431491
IRS990ScheduleD/EquipmentGrp/BookValueAmt018763
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034070
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052833
IRS990ScheduleD/ExpensesNotReportedAmt06492
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0807586
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/OtherExpensesIncludedAmt06492
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08555
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064422
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt06492
IRS990ScheduleD/RevenueNotReportedAmt06492
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0884033
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 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF FIXED ASSETS 6,492.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF FIXED ASSETS 6,492.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01720371
IRS990ScheduleD/TotalExpensesPerForm990Amt0807586
IRS990ScheduleD/TotalLiabilityAmt030489
IRS990ScheduleD/TotalRevenuePerForm990Amt0884033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0890525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0814078
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 37,631. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,631. BAD DEBTS: PROGRAM SERVICE EXPENSES 25,841. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,841. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 15,765. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,765. HVAC REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 10,389. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,389. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 10,121. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,121. MISC OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 5,048. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,048. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 3,531. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,531. MISC ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,226. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,226. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 2,245. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,245. MISC FINANCIAL : PROGRAM SERVICE EXPENSES 1,990. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,990. VEHICLE REPAIRS: PROGRAM SERVICE EXPENSES 1,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,030. MORTGAGE INSURANCE PREMIUMS: PROGRAM SERVICE EXPENSES 888. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 888. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 440. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 440.
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/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH CAROLINA HOUSING FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GOLER PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GLADSTONE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3GRANVILLE PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4GRANVILLE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5HUNTERS HILL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6KORNER HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7LEGACY PLACE OF CATAWBA VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8MOCK PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9MOUNTAIN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10TYRO SCHOOL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11EAST SALEM APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12EAST SALEM HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13VHVH INC

Document Assets

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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