Civic Intelligence

Horizon Development Properties Inc.

990 • Fiscal year 2018 • EIN 56-2246833

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

400 East BlvdCharlotte, NC 28203

(704) 336-5233

Siviq Scores

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

Liabilities / Assets

87th percentile

0.86x

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

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

100th percentile

1448%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

8th percentile

$276,995

Higher top officer pay than 8% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

22nd percentile

-1.7%

Faster asset growth than 22% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Down

$251,714,409

Down $4,309,787 (-1.7%) from 2017

Net Assets

Down

$34,002,005

Down $44,132,381 (-56%) from 2017

Liabilities

Up

$217,712,404

Up $39,822,594 (+22%) from 2017

Revenue

Down

-$3,055,197

Down $37,227,765 (-109%) from 2017

Expenses

Down

$41,178,375

Down $12,424,995 (-23%) from 2017

Net Income

Down

-$44,233,572

Down $24,802,770 (-128%) from 2017

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2012: $42,105,145Liabilities 2012: $36,228,535Net Assets 2012: $5,876,6102012Assets 2013: $58,670,590Liabilities 2013: $48,973,313Net Assets 2013: $9,697,2772013Assets 2014: $68,326,906Liabilities 2014: $55,832,786Net Assets 2014: $12,494,1202014Assets 2015: $77,030,377Liabilities 2015: $66,218,916Net Assets 2015: $10,811,4612015Assets 2016: $134,413,214Liabilities 2016: $86,397,140Net Assets 2016: $48,016,0742016Assets 2017: $256,024,196Liabilities 2017: $177,889,810Net Assets 2017: $78,134,3862017Assets 2018: $251,714,409Liabilities 2018: $217,712,404Net Assets 2018: $34,002,0052018Assets 2019: $251,346,379Liabilities 2019: $219,667,864Net Assets 2019: $31,678,5152019Assets 2020: $294,872,530Liabilities 2020: $263,424,041Net Assets 2020: $31,448,4892020Assets 2021: $420,836,852Liabilities 2021: $377,644,682Net Assets 2021: $43,192,1702021Assets 2022: $528,761,139Liabilities 2022: $472,432,048Net Assets 2022: $56,329,0912022Assets 2023: $565,595,319Liabilities 2023: $464,771,841Net Assets 2023: $100,823,4782023Assets 2024: $573,740,246Liabilities 2024: $451,171,025Net Assets 2024: $122,569,2212024

Highlighted filing

2018

Assets$251,714,409
Liabilities$217,712,404
Net Assets$34,002,005

Operations Trend

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

$100M$50M$0-$50MExpenses 2012: $8,557,9632012Expenses 2013: $10,051,2062013Revenue 2014: $9,632,636Expenses 2014: $9,809,317Net Income 2014: -$176,6812014Revenue 2015: $11,256,070Expenses 2015: $10,904,344Net Income 2015: $351,7262015Revenue 2016: $28,656,051Expenses 2016: $12,620,420Net Income 2016: $16,035,6312016Revenue 2017: $34,172,568Expenses 2017: $53,603,370Net Income 2017: -$19,430,8022017Revenue 2018: -$3,055,197Expenses 2018: $41,178,375Net Income 2018: -$44,233,5722018Revenue 2019: $38,838,190Expenses 2019: $44,560,195Net Income 2019: -$5,722,0052019Revenue 2020: $38,501,606Expenses 2020: $47,937,045Net Income 2020: -$9,435,4392020Revenue 2021: $43,904,469Expenses 2021: $49,840,565Net Income 2021: -$5,936,0962021Revenue 2022: $49,320,137Expenses 2022: $57,949,705Net Income 2022: -$8,629,5682022Revenue 2023: $77,541,860Expenses 2023: $71,907,736Net Income 2023: $5,634,1242023Revenue 2024: $84,376,456Expenses 2024: $94,117,044Net Income 2024: -$9,740,5882024

Highlighted filing

2018

Revenue-$3,055,197
Expenses$41,178,375
Net Income-$44,233,572
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$35,589,376
Mission and Program Overview

Mission

To provide affordable housing to all qualified families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$153,541,038$163,657,473▲ $10,116,435
Investments Program Related$46,452,515$44,059,439▼ $2,393,076
Savings and Temporary Cash Investments$20,610,899$21,610,472▲ $999,573
Cash and Non-Interest-Bearing Accounts$11,531,653$13,642,975▲ $2,111,322
Accounts Receivable$1,904,689$1,889,926▼ $14,763
Other Notes and Loans Receivable, Net$1,230,481$880,503▼ $349,978
Prepaid Expenses and Deferred Charges$24,089$44,017▲ $19,928
Total Assets$256,024,196$251,714,409▼ $4,309,787
Other Assets Total$20,728,832$5,929,604▼ $14,799,228
Liabilities
Mortgage Notes Payable Secured by Investment Property$164,386,776$205,968,489▲ $41,581,713
Other Liabilities$5,934,652$5,793,065▼ $141,587
Accounts Payable and Accrued Expenses$7,119,730$5,416,506▼ $1,703,224
Deferred Revenue$448,652$534,344▲ $85,692
Total Liabilities$177,889,810$217,712,404▲ $39,822,594
Net Assets / Fund Balance
Temporarily Rstr Net Assets$59,406,674$62,604,496▲ $3,197,822
Unrestricted Net Assets$12,818,081$12,789,100▼ $28,981
Permanently Rstr Net Assets$5,909,631$-41,391,591▼ $47,301,222
Total Net Assets Fund Balance$78,134,386$34,002,005▼ $44,132,381
Total Liabilities and Net Assets / Fund Balance$256,024,196$251,714,409▼ $4,309,787

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$128,162,345$47,359,386$175,521,731
Land$21,538,881-$21,538,881
Leasehold Improvements$11,942,807$5,690,985$17,633,792
Equipment$2,013,440$1,395,944$3,409,384
Investment Program Related Org$40,559,439--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sandra PizarroEvp, Talent Operation$136,518$136,518
Connie StaudingerEvp, Development$123,191$123,191
Troy DrawzChief Operating Officer - Part Year$43,279$43,279

Board Members and Trustees

NameTitle
Shirley FultonChair Commissioner
Johnathon LahnVice Chair Commissioner
Fulton MeachemCEO
Leigh Ann SmithCommissioner
Linda AshendorfCommissioner
Lucy BrownCommissioner
Ray MckinnonCommissioner
Sheila JonesCommissioner
Harold Cogdell JrCommissioner - Part Year
Shaunte EvansEvp, Administrative Operations
Michael GosselinEvp, Blue Horizon
Heather FranklinEvp, Finance
Harriett HuellEvp, Legal

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcfarland ConstructionFire Sprinklers And Renovations9935-D REA RD, Charlotte, NC 28277$900,391
Goodwill Inds Of The Southern PiedmontRenovations For Various PropertiesPO BOX 668768, Charlotte, NC 28266$606,828
Lifeguard Protective Services INCSecurity Services4801 E INDEPENDENCE, Charlotte, NC 28212$449,800
M-m Residential LLCTall Oaks Contractor2201-E CROWNPOINT EXECUTIVE DRIVE, Charlotte, NC 28227$396,082
Giss LLCVacancy Prep For Various Properties2705 DERITA AVE, Charlotte, NC 28269$320,379
Revenue and Support

Revenue Composition

Contributions and Grants
$777,677
Program Service Revenue
$32,164,615
Investment Income
$-37,703,820
Other Revenue
$1,706,331
Change in Net Assets
$-44,233,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,201,138
Salaries, Compensation, and Employee Benefits$4,977,237
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$9,793,044--$9,793,044
Interest$5,830,944--$5,830,944
Occupancy$4,627,863--$4,627,863
Other Salaries and Wages$3,866,935--$3,866,935
Other Employee Benefits$1,110,302--$1,110,302
Office Expenses$908,047$97,183-$1,005,230
Insurance$952,290--$952,290
Fees for Services Other$605,475--$605,475
Other Expenses$587,928--$587,928
All Other Expenses-$463,043-$463,043
Fees for Services Legal$353,081$54,543-$407,624
Fees for Services Management$317,035--$317,035
Advertising$155,129--$155,129
Fees for Services Accounting$137,687--$137,687
Travel$75,535--$75,535
Total Functional Expenses$40,563,606$614,769$0$41,178,375
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
Noncurrent Liabilities - Other$2,622,027
Interprogram - Due to Related Party$1,097,483
Other Current Liabilities$1,008,390
Security Deposits$983,497
Deferred Inflow of Resources$81,668
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

All documents are emailed to the board of commissioners and given time to review and comment prior to the filing of the 990 with the irs.

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

Board members are required to fill out forms annually and disclose conflicts of interest. If a conflict of interest arises, the board member abstains from voting.

Form 990, Part VI, Section B, Line 15

Compensation for all employees is based on a yearly review of market and industry averages as well as an external position review, which is completed every three to four years. Executive pay requires additional review that includes the following: a review of all positions from an external compensation firm (water consultants) to ensure positions are accurate in both content and in pay scale. For executive (ceo) pay, a salary/benefit review is approximately every two years with other agencies (both nc and sc). The utilization of the annual employer's association salary compensation review and the results of the nahro executive compensation study is also taken into account when determining executive pay. The last compensation review was conducted in 2016. This process is performed by a related party.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Horizon Development Properties Inc
EIN
56-2246833
Phone
7043365233
Address
400 EAST BLVD, CHARLOTTE, NC 28203
Doing Business As
Blue Horizon Management Company

Signing Officer

Name
Heather R Franklin CPA
Title
CFO
Phone
7043365233
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather R Franklin CPA
Formed
2001
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT STE 500, AUBURN HILLS, MI 48326
Preparer
Tina M Peters CPA
Phone
2483757100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Operating transfers out -819,919. Capital contribution from wells fargo 616,859. Blue horizon beginning net assets 304,251.

Schedule R, Part IV

Section 168(h)(6)(f)(ii) election for hdp-pm hdp-pm, llc ein 47-4746633 election under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax exempt entity hdp-pm, llc (47-4746633) located at 400 east boulevard, charlotte, nc 28203, hereby elects under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax exempt entity for purposes of applying the rules found in i.r.c. Section 168 (h)(6). This election is available to be made by an entity that is not tax exempt, but which is controlled 50% or more by a tax exempt entity. Hdp-pm, llc qualifies to make such election, as it is owned 100% by horizon development properties, inc. (a tax-exempt entity) (ein 56-2246833) located at 400 east blvd., charlotte, nc 28203. The purpose of this election is to treat the entity's allocable share of depreciable property owned by park and marsh seniors, llc (47-1869284) in charlotte, north carolina. As property which is not tax-exempt use property. Hdp-pm, llc acknowledges that the foregoing election is irrevocable and is binding on all tax-exempt entities holding ownership interests in hdp-pm, llc.

Schedule R, Part IV

Section 168(h)(6)(f)(ii) election for hdp-to hdp-to, llc ein 47-5041480 election under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax exempt entity hdp-to, llc (47-5041480) located at 400 east boulevard, charlotte, nc 28203, hereby elects under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax exempt entity for purposes of applying the rules found in i.r.c. Section 168 (h)(6). This election is available to be made by an entity that is not tax exempt, but which is controlled 50% or more by a tax exempt entity. Hdp-to, llc qualifies to make such election, as it is owned 100% by horizon development properties, inc. (a tax-exempt entity) (ein 56-2246833) located at 400 east blvd., charlotte, nc 28203. The purpose of this election is to treat the entity's allocable share of depreciable property owned by tall oaks redevelopment,llc (47-5053942) in charlotte, north carolina. As property which is not tax-exempt use property. Hdp-to, llc acknowledges that the foregoing election is irrevocable and is binding on all tax-exempt entities holding ownership interests in hdp-to, llc.

Raw XML AppendixShowing 400 of 1,198 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07119730
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05416506
IRS990/AccountsReceivableGrp/BOYAmt01904689
IRS990/AccountsReceivableGrp/EOYAmt01889926
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES.
IRS990/AdvertisingGrp/ProgramServicesAmt0155129
IRS990/AdvertisingGrp/TotalAmt0155129
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0463043
IRS990/AllOtherExpensesGrp/TotalAmt0463043
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HEATHER FRANKLIN
IRS990/BooksInCareOfDetail/PhoneNum07043365233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0400 EAST BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028203
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt011531653
IRS990/CashNonInterestBearingGrp/EOYAmt013642975
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt013
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0900391
IRS990/ContractorCompensationGrp/CompensationAmt1606828
IRS990/ContractorCompensationGrp/CompensationAmt2449800
IRS990/ContractorCompensationGrp/CompensationAmt3396082
IRS990/ContractorCompensationGrp/CompensationAmt4320379
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt09935-D REA RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 668768
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt24801 E INDEPENDENCE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt32201-E CROWNPOINT EXECUTIVE DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt42705 DERITA AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd028277
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd128266
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd228212
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd328227
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd428269
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0MCFARLAND CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1GOODWILL INDS OF THE SOUTHERN PIEDMONT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2LIFEGUARD PROTECTIVE SERVICES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3M-M RESIDENTIAL LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4GISS LLC
IRS990/ContractorCompensationGrp/ServicesDesc0FIRE SPRINKLERS AND RENOVATIONS
IRS990/ContractorCompensationGrp/ServicesDesc1RENOVATIONS FOR VARIOUS PROPERTIES
IRS990/ContractorCompensationGrp/ServicesDesc2SECURITY SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3TALL OAKS CONTRACTOR
IRS990/ContractorCompensationGrp/ServicesDesc4VACANCY PREP FOR VARIOUS PROPERTIES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0777677
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-37703820
IRS990/CYOtherExpensesAmt036201138
IRS990/CYOtherRevenueAmt01706331
IRS990/CYProgramServiceRevenueAmt032164615
IRS990/CYRevenuesLessExpensesAmt0-44233572
IRS990/CYSalariesCompEmpBnftPaidAmt04977237
IRS990/CYTotalExpensesAmt041178375
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-3055197
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0448652
IRS990/DeferredRevenueGrp/EOYAmt0534344
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09793044
IRS990/DepreciationDepletionGrp/TotalAmt09793044
IRS990/Desc0HORIZON DEVELOPMENT HAS A TOTAL OF 3,454 UNITS AVAILABLE TO RENT TO FAMILIES MAKING LESS THAN 80% OF AREA MEDIUM INCOME.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0BLUE HORIZON MANAGEMENT COMPANY
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt038535426
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0137687
IRS990/FeesForServicesAccountingGrp/TotalAmt0137687
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt054543
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0353081
IRS990/FeesForServicesLegalGrp/TotalAmt0407624
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0317035
IRS990/FeesForServicesManagementGrp/TotalAmt0317035
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0605475
IRS990/FeesForServicesOtherGrp/TotalAmt0605475
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt839835
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930890
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1029486
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1123016
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1223790
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1310661
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1423600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt155518
IRS990/Form990PartVIISectionAGrp/PersonNm0SHIRLEY FULTON
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHNATHON LAHN
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDA ASHENDORF
IRS990/Form990PartVIISectionAGrp/PersonNm3LUCY BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm4SHEILA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm5RAY MCKINNON
IRS990/Form990PartVIISectionAGrp/PersonNm6LEIGH ANN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7HAROLD COGDELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm8FULTON MEACHEM
IRS990/Form990PartVIISectionAGrp/PersonNm9HEATHER FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm10SHAUNTE EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm11SANDRA PIZARRO
IRS990/Form990PartVIISectionAGrp/PersonNm12HARRIETT HUELL
IRS990/Form990PartVIISectionAGrp/PersonNm13CONNIE STAUDINGER
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL GOSSELIN
IRS990/Form990PartVIISectionAGrp/PersonNm15TROY DRAWZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8237160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9152697
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10156458
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11113502
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12151445
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13112530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14150538
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1537761
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt2COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt5COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt6COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt7COMMISSIONER - PART YEAR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9EVP, FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt10EVP, ADMINISTRATIVE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt11EVP, TALENT OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt12EVP, LEGAL
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP, DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14EVP, BLUE HORIZON
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF OPERATING OFFICER - PART YEAR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-38644573
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt035589376
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0952290
IRS990/InsuranceGrp/TotalAmt0952290
IRS990/InterestGrp/ProgramServicesAmt05830944
IRS990/InterestGrp/TotalAmt05830944
IRS990/InvestmentIncomeGrp/ExclusionAmt0940753
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0940753
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt046452515
IRS990/InvestmentsProgramRelatedGrp/EOYAmt044059439
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt054446315
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0153541038
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0163657473
IRS990/LandBldgEquipCostOrOtherBssAmt0218103788
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt038644573
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt01664736
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01664736
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0164386776
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0205968489
IRS990/NetAssetsOrFundBalancesBOYAmt078134386
IRS990/NetAssetsOrFundBalancesEOYAmt034002005
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-38644573
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-38644573
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt04627863
IRS990/OccupancyGrp/TotalAmt04627863
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt097183
IRS990/OfficeExpensesGrp/ProgramServicesAmt0908047
IRS990/OfficeExpensesGrp/TotalAmt01005230
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020728832
IRS990/OtherAssetsTotalGrp/EOYAmt05929604
IRS990/OtherChangesInNetAssetsAmt0101191
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01110302
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01110302
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1TENANT SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER GENERAL EXPENSE
IRS990/OtherExpensesGrp/Desc3ASSET MANAGEMENT FEE
IRS990/OtherExpensesGrp/ProgramServicesAmt09701155
IRS990/OtherExpensesGrp/ProgramServicesAmt1912351
IRS990/OtherExpensesGrp/ProgramServicesAmt2628805
IRS990/OtherExpensesGrp/ProgramServicesAmt3587928
IRS990/OtherExpensesGrp/TotalAmt09701155
IRS990/OtherExpensesGrp/TotalAmt1912351
IRS990/OtherExpensesGrp/TotalAmt2628805
IRS990/OtherExpensesGrp/TotalAmt3587928
IRS990/OtherLiabilitiesGrp/BOYAmt05934652
IRS990/OtherLiabilitiesGrp/EOYAmt05793065
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0VENDING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt041595
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt041595
IRS990/OtherRevenueTotalAmt01706331
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03866935
IRS990/OtherSalariesAndWagesGrp/TotalAmt03866935
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01230481
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0880503
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt05909631
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0-41391591
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024089
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044017
IRS990/PrincipalOfficerNm0HEATHER R FRANKLIN CPA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER TENANT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2CONSTRUCTION MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3DEVELOPER FEES EARNED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031446361
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1506265
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2189110
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031446361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1506265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2189110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322879
IRS990/ProgSrvcAccomActy2Grp/Desc0INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR QUALIFIED FAMILIES: WE ARE CONTINUOUSLY LOOKING FOR ADDITIONAL OPPORTUNITIES TO EXPAND OUR CAPACITY AND PROVIDE ADDITIONAL AFFORDABLE HOUSING OPTIONS FOR FAMILIES IN NEED. NO PROPERTIES WERE PURCHASED IN THE CURRENT YEAR. HOWEVER, THERE ARE MANY REAL ESTATE DEALS BEING PURSUED AND EVALUATED, WITH EACH AT DIFFERENT STAGES IN THE PROCESS. SEVERAL OF THESE SHOULD BE FINALIZED IN THE COMING YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02028180
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02709676
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02000008
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0302707
IRS990/PYOtherExpensesAmt050090692
IRS990/PYOtherRevenueAmt0387749
IRS990/PYProgramServiceRevenueAmt031482104
IRS990/PYRevenuesLessExpensesAmt0-19430802
IRS990/PYSalariesCompEmpBnftPaidAmt03512678
IRS990/PYTotalExpensesAmt053603370
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt034172568
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-44233572
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt0777677
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt031161270
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020610899
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021610472
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2014 AMOUNT: $ 136,903. 2015 AMOUNT: $ 224,410. 2017 AMOUNT: $ 387,749. 2018 AMOUNT: $ 1,706,331.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0777677

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings