Civic Intelligence

Covenant Homes Incorporated

EIN 58-1327162 • 501(c)3 • Rocky Mount, NC

Profile

Housing for the elderly and handicapped.

135 Covenant CourtRocky Mount, NC 27804

n/A

Siviq Scores

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

Liabilities / Assets

98th percentile

2.27x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.92x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

7.4%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$886,237

Up $124,386 (+16%) from 2023

Liabilities

Down

$2,010,640

Down $42,155 (-2.1%) from 2023

Net Assets

Up

-$1,124,403

Up $166,541 (+13%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin69th percentile

Revenue

Up

$1,049,129

Up $72,388 (+7.4%) from 2023

Expenses

Up

$882,594

Up $4,941 (+0.6%) from 2023

Net Income

Up

$166,535

Up $67,447 (+68%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,406,941Liabilities 2010: $2,470,952Net Assets 2010: -$1,064,0112010Assets 2011: $1,320,805Liabilities 2011: $2,439,926Net Assets 2011: -$1,119,1212011Assets 2012: $1,203,863Liabilities 2012: $2,418,889Net Assets 2012: -$1,215,0262012Assets 2013: $1,110,648Liabilities 2013: $2,527,501Net Assets 2013: -$1,416,8532013Assets 2014: $921,226Liabilities 2014: $2,488,377Net Assets 2014: -$1,567,1512014Assets 2015: $852,120Liabilities 2015: $2,441,931Net Assets 2015: -$1,589,8112015Assets 2016: $761,098Liabilities 2016: $2,410,613Net Assets 2016: -$1,649,5152016Assets 2017: $656,991Liabilities 2017: $2,308,917Net Assets 2017: -$1,651,9262017Assets 2018: $708,727Liabilities 2018: $2,289,511Net Assets 2018: -$1,580,7842018Assets 2019: $660,340Liabilities 2019: $2,220,715Net Assets 2019: -$1,560,3752019Assets 2020: $771,437Liabilities 2020: $2,336,188Net Assets 2020: -$1,564,7512020Assets 2021: $741,232Liabilities 2021: $2,252,921Net Assets 2021: -$1,511,6892021Assets 2022: $710,116Liabilities 2022: $2,100,148Net Assets 2022: -$1,390,0322022Assets 2023: $761,851Liabilities 2023: $2,052,795Net Assets 2023: -$1,290,9442023Assets 2024: $886,237Liabilities 2024: $2,010,640Net Assets 2024: -$1,124,4032024

Highlighted filing

2024

Assets$886,237
Liabilities$2,010,640
Net Assets-$1,124,403
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $610,6152010Revenue 2011: $528,880Expenses 2011: $583,990Net Income 2011: -$55,1102011Expenses 2012: $627,6572012Expenses 2013: $728,9422013Revenue 2014: $541,986Expenses 2014: $692,284Net Income 2014: -$150,2982014Revenue 2015: $574,097Expenses 2015: $596,757Net Income 2015: -$22,6602015Revenue 2016: $554,215Expenses 2016: $613,919Net Income 2016: -$59,7042016Revenue 2017: $587,067Expenses 2017: $589,478Net Income 2017: -$2,4112017Revenue 2018: $641,662Expenses 2018: $570,520Net Income 2018: $71,1422018Revenue 2019: $690,449Expenses 2019: $670,040Net Income 2019: $20,4092019Revenue 2020: $603,308Expenses 2020: $607,684Net Income 2020: -$4,3762020Revenue 2021: $673,309Expenses 2021: $620,247Net Income 2021: $53,0622021Revenue 2022: $848,511Expenses 2022: $726,854Net Income 2022: $121,6572022Revenue 2023: $976,741Expenses 2023: $877,653Net Income 2023: $99,0882023Revenue 2024: $1,049,129Expenses 2024: $882,594Net Income 2024: $166,5352024

Highlighted filing

2024

Revenue$1,049,129
Expenses$882,594
Net Income$166,535
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
$886,237
Liabilities
$2,010,640
Net assets
-$1,124,403
Revenue
$1,049,129
Expenses
$882,594
Net income
$166,535
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$2.01$1.12$1.05$0.88$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.76$2.05$1.29$0.98$0.88$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.71$2.10$1.39$0.85$0.73$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.74$2.25$1.51$0.67$0.62$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.77$2.34$1.56$0.60$0.61$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.66$2.22$1.56$0.69$0.67$0.02
2018Summary only. Only limited summary data is available for this year.$0.71$2.29$1.58$0.64$0.57$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.66$2.31$1.65$0.59$0.59$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.76$2.41$1.65$0.55$0.61$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.85$2.44$1.59$0.57$0.60$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.92$2.49$1.57$0.54$0.69$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$2.53$1.42$0.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$2.42$1.22$0.63
2011Summary only. Only limited summary data is available for this year.$1.32$2.44$1.12$0.53$0.58$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$2.47$1.06$0.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Sep 18, 2025
Return Version
2023v6.0
Gross Receipts
$1,049,129
Mission and Program Overview

Mission

Housing for the elderly and handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$535,196$647,019▲ $111,823
Cash and Non-Interest-Bearing Accounts$35,886$18,247▼ $17,639
Prepaid Expenses and Deferred Charges$8,003$15,174▲ $7,171
Total Assets$761,851$886,237▲ $124,386
Other Assets Total$182,766$205,797▲ $23,031
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,908,591$1,910,578▲ $1,987
Accounts Payable and Accrued Expenses$113,487$68,168▼ $45,319
Other Liabilities$30,717$31,894▲ $1,177
Total Liabilities$2,052,795$2,010,640▼ $42,155
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,290,944$-1,124,403▲ $166,541
Total Net Assets Fund Balance$-1,290,944$-1,124,403▲ $166,541
Total Liabilities and Net Assets / Fund Balance$761,851$886,237▲ $124,386

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$231,762$2,714,920$2,946,682
Land$368,489-$368,489
Equipment$5,055$175,773$180,828
Other Land Buildings$41,713$75,487$117,200
Other Assets Org$31,894--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Nancy RichardsonPresident
Dee WhitleyVice President
Anne MosleyDirector
Dylan CastelinoDirector
Jay QuinanDirector
John EtheredgeDirector
John TurnageDirector
Tom SteedDirector
Laura DudleySecretary
John WiningsTransitional Pastor
Jack GurganusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$665,681
Program Service Revenue
$383,379
Investment Income
$69
Other Revenue
$0
All Other Contributions
$60,500
Change in Net Assets
$166,535

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,049,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,049,129
Total Revenue per Form 990
$1,049,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$662,851
Salaries, Compensation, and Employee Benefits$219,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$308,919--$308,919
Other Salaries and Wages$50,539$119,910-$170,449
Interest$64,096--$64,096
Insurance$56,612--$56,612
Depreciation Depletion$49,653--$49,653
Office Expenses-$47,752-$47,752
Fees for Services Accounting-$36,180-$36,180
Other Employee Benefits$27,949--$27,949
Occupancy$27,663--$27,663
Payroll Taxes$21,345--$21,345
Conferences and Meetings-$14,086-$14,086
Other Expenses$6,151$7,062-$6,151
Total Functional Expenses$657,604$224,990$0$882,594

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$882,594
Total Expenses per Audited Statements$882,594
Total Expenses per Form 990$882,594
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line 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 Deposits Held in Trust$31,894
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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
No

Governance Explanations

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

“The board of directors will review the form 990 in its entirety prior to the filing deadline.”

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

“The conflict of interest policy is monitored by the u.s. Department of housing and urban development through form 2530.”

Form 990, Part VI, Section B, Line 15A

“All compensation must be approved by the full board of directors.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financial statements are available upon request at our office in rocky mount, nc.”

Filing and Contact Details

Filer

Filer Name
Covenant Homes Incorporated
EIN
58-1327162
Phone
2524432323
Address
135 COVENANT COURT, ROCKY MOUNT, NC 27804

Signing Officer

Name
Nancy Richardson
Title
President
Phone
2524432323
Signed
2025-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Richardson
Formed
1978
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
9
Volunteers
11

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 308,919. Management and general expenses 0. Fundraising expenses 0. Total expenses 308,919.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxes as a not-for-profit entity under internal revenue code section 501(c)(3). Accordingly, no provision for income taxes has been recorded. Under generally accepted accounting principles (gaap), an entity must recognize tax benefits associated with a tax position taken for tax return purposes when it is more likely than not that the position will be sustained. Management has determined that the organization has no uncertain tax positions that would require recording a liability for unrecognized tax benefits. The organization files an annual tax return for informational purposes only and is subject to routine examinations by tax authorities. Management believes that the organization's tax years ending after 2021 remain subject to examination by federal and state tax authorities; however, there are currently no ongoing examinations for any tax periods.”

Raw XML AppendixShowing 400 of 466 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/NetAssetsOrFundBalancesEOYAmt0-1124403
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1290944
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1124403
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt027663
IRS990/OccupancyGrp/TotalAmt027663
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt047752
IRS990/OfficeExpensesGrp/TotalAmt047752
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0182766
IRS990/OtherAssetsTotalGrp/EOYAmt0205797
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027949
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027949
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMIN EXP
IRS990/OtherExpensesGrp/Desc3LEASE EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07062
IRS990/OtherExpensesGrp/ProgramServicesAmt031729
IRS990/OtherExpensesGrp/ProgramServicesAmt112948
IRS990/OtherExpensesGrp/ProgramServicesAmt26151
IRS990/OtherExpensesGrp/TotalAmt031729
IRS990/OtherExpensesGrp/TotalAmt112948
IRS990/OtherExpensesGrp/TotalAmt27062
IRS990/OtherExpensesGrp/TotalAmt36151
IRS990/OtherLiabilitiesGrp/BOYAmt030717
IRS990/OtherLiabilitiesGrp/EOYAmt031894
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0119910
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt050539
IRS990/OtherSalariesAndWagesGrp/TotalAmt0170449
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt021345
IRS990/PayrollTaxesGrp/TotalAmt021345
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08003
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015174
IRS990/PrincipalOfficerNm0NANCY RICHARDSON
IRS990/PriorPeriodAdjustmentsAmt06
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0380164
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13215
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0380164
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13215
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0641957
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt057
IRS990/PYOtherExpensesAmt0666028
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0334727
IRS990/PYRevenuesLessExpensesAmt099088
IRS990/PYSalariesCompEmpBnftPaidAmt0211625
IRS990/PYTotalExpensesAmt0877653
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0976741
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0166535
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0383379
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0665681
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0641957
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0471578
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0377400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0314622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02471238
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt053
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0383379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0334727
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0309678
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0295873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0288633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01612290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0250
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt04083528
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01049060
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0976684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0781256
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0673273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0603255
IRS990ScheduleA/Total509Grp/TotalAmt04083528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01049129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0976741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0781291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0673309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0603308
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04083778
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/BookValueAmt0231762
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02714920
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02946682
IRS990ScheduleD/EquipmentGrp/BookValueAmt05055
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0175773
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0180828
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0882594
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0368489
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0368489
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt063199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1108894
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21810
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt331894
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041713
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt075487
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0117200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01049129
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ENTITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), AN ENTITY MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECORDING A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION FILES AN ANNUAL TAX RETURN FOR INFORMATIONAL PURPOSES ONLY AND IS SUBJECT TO ROUTINE EXAMINATIONS BY TAX AUTHORITIES. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S TAX YEARS ENDING AFTER 2021 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO ONGOING EXAMINATIONS FOR ANY TAX PERIODS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0647019
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0205797
IRS990ScheduleD/TotalExpensesPerForm990Amt0882594
IRS990ScheduleD/TotalLiabilityAmt031894
IRS990ScheduleD/TotalRevenuePerForm990Amt01049129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01049129
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0882594
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 IN ITS ENTIRETY PRIOR TO THE FILING DEADLINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT THROUGH FORM 2530.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION MUST BE APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE IN ROCKY MOUNT, NC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 308,919. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 308,919.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0761851
IRS990/TotalAssetsEOYAmt0886237
IRS990/TotalAssetsGrp/BOYAmt0761851
IRS990/TotalAssetsGrp/EOYAmt0886237
IRS990/TotalCompGreaterThan150KInd00

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