Civic Intelligence

East Salem Homes Inc

EIN 58-1366719 • 501(c)3 • Winstonsalem, NC

Profile

Develop and operate an apartment complex under section 202 of hud for the low income elderly and handicapped.

2585 W Clemmonsville Rd Suite 102Winstonsalem, NC 27127

anchornc.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.87x

Higher debt load relative to assets than 63% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

2.12x

Higher debt load relative to revenue than 57% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$121,695

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

NTEE L • $1M-$5M nonprofits • Source year 2025

Asset Growth

77th percentile

6.2%

Faster asset growth than 77% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

2.1%

Faster revenue growth than 43% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$3,198,812

Up $186,371 (+6.2%) from 2024

Liabilities

Down

$2,787,768

Down $15,177 (-0.5%) from 2024

Net Assets

Up

$411,044

Up $201,548 (+96%) from 2024

Revenue

Up

$1,317,456

Up $26,819 (+2.1%) from 2024

Expenses

Up

$1,115,908

Up $94,923 (+9.3%) from 2024

Net Income

Down

$201,548

Down $68,104 (-25%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,727,804Liabilities 2011: $3,808,457Net Assets 2011: -$1,080,6532011Assets 2012: $2,724,067Liabilities 2012: $3,763,918Net Assets 2012: -$1,039,8512012Assets 2013: $2,578,399Liabilities 2013: $3,710,705Net Assets 2013: -$1,132,3062013Assets 2014: $2,518,658Liabilities 2014: $3,694,878Net Assets 2014: -$1,176,2202014Assets 2015: $2,439,990Liabilities 2015: $3,615,792Net Assets 2015: -$1,175,8022015Assets 2016: $2,355,924Liabilities 2016: $3,621,995Net Assets 2016: -$1,266,0712016Assets 2017: $2,348,691Liabilities 2017: $3,619,588Net Assets 2017: -$1,270,8972017Assets 2018: $2,401,929Liabilities 2018: $3,487,631Net Assets 2018: -$1,085,7022018Assets 2019: $2,604,277Liabilities 2019: $3,443,685Net Assets 2019: -$839,4082019Assets 2020: $2,507,555Liabilities 2020: $3,210,631Net Assets 2020: -$703,0762020Assets 2021: $2,586,291Liabilities 2021: $3,157,309Net Assets 2021: -$571,0182021Assets 2022: $2,625,515Liabilities 2022: $3,045,546Net Assets 2022: -$420,0312022Assets 2023: $2,891,175Liabilities 2023: $2,951,331Net Assets 2023: -$60,1562023Assets 2024: $3,012,441Liabilities 2024: $2,802,945Net Assets 2024: $209,4962024Assets 2025: $3,198,812Liabilities 2025: $2,787,768Net Assets 2025: $411,0442025

Highlighted filing

2025

Assets$3,198,812
Liabilities$2,787,768
Net Assets$411,044

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,043,218Expenses 2011: $1,056,241Net Income 2011: -$13,0232011Revenue 2012: $1,070,615Expenses 2012: $1,029,813Net Income 2012: $40,8022012Revenue 2013: $1,061,485Expenses 2013: $1,153,940Net Income 2013: -$92,4552013Revenue 2014: $1,070,818Expenses 2014: $1,114,732Net Income 2014: -$43,9142014Revenue 2015: $1,078,314Expenses 2015: $1,077,896Net Income 2015: $4182015Revenue 2016: $1,083,163Expenses 2016: $1,173,432Net Income 2016: -$90,2692016Revenue 2017: $1,091,245Expenses 2017: $1,096,071Net Income 2017: -$4,8262017Revenue 2018: $1,192,169Expenses 2018: $1,006,974Net Income 2018: $185,1952018Revenue 2019: $1,173,126Expenses 2019: $926,832Net Income 2019: $246,2942019Revenue 2020: $1,177,404Expenses 2020: $1,041,072Net Income 2020: $136,3322020Revenue 2021: $1,201,468Expenses 2021: $1,069,410Net Income 2021: $132,0582021Revenue 2022: $1,249,166Expenses 2022: $1,098,179Net Income 2022: $150,9872022Revenue 2023: $1,290,871Expenses 2023: $930,996Net Income 2023: $359,8752023Revenue 2024: $1,290,637Expenses 2024: $1,020,985Net Income 2024: $269,6522024Revenue 2025: $1,317,456Expenses 2025: $1,115,908Net Income 2025: $201,5482025

Highlighted filing

2025

Revenue$1,317,456
Expenses$1,115,908
Net Income$201,548

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.20$2.79$0.41$1.32$1.12$0.20
2024Detailed filing. Detailed filing data is available for this year.$3.01$2.80$0.21$1.29$1.02$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.89$2.95$0.06$1.29$0.93$0.36
2022Detailed filing. Detailed filing data is available for this year.$2.63$3.05$0.42$1.25$1.10$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$3.16$0.57$1.20$1.07$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.51$3.21$0.70$1.18$1.04$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.60$3.44$0.84$1.17$0.93$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.40$3.49$1.09$1.19$1.01$0.19
2017Detailed filing. Detailed filing data is available for this year.$2.35$3.62$1.27$1.09$1.10$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.36$3.62$1.27$1.08$1.17$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.44$3.62$1.18$1.08$1.08$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.52$3.69$1.18$1.07$1.11$0.04
2013Summary only. Only limited summary data is available for this year.$2.58$3.71$1.13$1.06$1.15$0.09
2012Summary only. Only limited summary data is available for this year.$2.72$3.76$1.04$1.07$1.03$0.04
2011Summary only. Only limited summary data is available for this year.$2.73$3.81$1.08$1.04$1.06$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$1,317,456
Mission and Program Overview

Mission

Develop and operate an apartment complex under section 202 of hud for the low income elderly and handicapped.

Low income housing services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,587,253$1,529,059▼ $58,194
Savings and Temporary Cash Investments$1,166,172$1,419,606▲ $253,434
Intangible Assets$110,727$104,370▼ $6,357
Cash and Non-Interest-Bearing Accounts$73,451$77,211▲ $3,760
Accounts Receivable$34,646$29,511▼ $5,135
Prepaid Expenses and Deferred Charges$9,508$8,947▼ $561
Total Assets$3,012,441$3,198,812▲ $186,371
Other Assets Total$30,684$30,108▼ $576
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,717,676$2,602,222▼ $115,454
Accounts Payable and Accrued Expenses$49,853$155,795▲ $105,942
Other Liabilities$31,012$25,466▼ $5,546
Deferred Revenue$4,404$4,285▼ $119
Total Liabilities$2,802,945$2,787,768▼ $15,177
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$209,496$411,044▲ $201,548
Total Net Assets Fund Balance$209,496$411,044▲ $201,548
Total Liabilities and Net Assets / Fund Balance$3,012,441$3,198,812▲ $186,371

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,198,120$4,620,248$5,818,368
Equipment$34,317$464,279$498,596
Land$250,000-$250,000
Other Land Buildings$46,622$131,299$177,921
Compensation and Service Providers

Employees

NameTitleOtherTotal
Tammy VernonOutgoing Treasurer$121,695$121,695

Board Members and Trustees

NameTitle
Craig PeatrossPresident
Diane EvansDirector
Garry MerrittDirector
Mallory OldhamSecretary
Ahaz ArmstrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,011,214
Program Service Revenue
$291,248
Investment Income
$7,804
Other Revenue
$7,190
Change in Net Assets
$201,548

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,317,456
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,317,456
Total Revenue per Form 990
$1,317,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,115,908
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
All Other Expenses$191,285$4,894-$196,179
Occupancy$110,257--$110,257
Depreciation Depletion$93,606--$93,606
Insurance$89,431--$89,431
Interest$89,299--$89,299
Fees for Services Management$65,680--$65,680
Other Expenses$43,025--$43,025
Office Expenses$39,996--$39,996
Fees for Services Accounting-$6,441-$6,441
Conferences and Meetings$1,439--$1,439
Fees for Services Legal$1,427--$1,427
Advertising$777--$777
Total Functional Expenses$1,104,573$11,335$0$1,115,908

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,115,908
Total Expenses per Audited Statements$1,115,908
Total Expenses per Form 990$1,115,908
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 Security Deposits$22,517
Lease Liability$2,949
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 11B

The tax return is reviewed and signed by the director of finance of the management company who reports 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
East Salem Homes Inc
EIN
58-1366719
Phone
3367653906
Address
2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC 27127
Doing Business As
University Place

Signing Officer

Name
Ahaz Armstrong
Title
Treasurer
Phone
3367653906
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahaz Armstrong
Formed
1979
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Kourtney B Payne
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Garbage and trash removal: program service expenses 41,318. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,318. Bad debts: program service expenses 29,283. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,283. Security contract: program service expenses 28,642. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,642. Manager salary reimbursement: program service expenses 26,630. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,630. Supplies: program service expenses 23,834. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,834. Payroll tax reimbursement: program service expenses 12,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,801. Mortgage insurance premiums: program service expenses 11,947. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,947. Repairs & maintenance: program service expenses 6,589. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,589. Misc administrative expenses: program service expenses 0. Management and general expenses 4,894. Fundraising expenses 0. Total expenses 4,894. Misc operating expenses: program service expenses 4,179. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,179. Lease expense: program service expenses 3,597. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,597. Vehicle repairs: program service expenses 1,888. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,888. Other renting expenses: program service expenses 577. Management and general expenses 0. Fundraising expenses 0. Total expenses 577.

Financial Statement Notes

PART X, LINE 2:

It is the corporation's 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 2025.

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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt030684
IRS990/OtherAssetsTotalGrp/EOYAmt030108
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1PAYROLL REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc2ASSISTED LIVING EXPENSE
IRS990/OtherExpensesGrp/Desc3OFFICE SALARY REIMBURSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0261847
IRS990/OtherExpensesGrp/ProgramServicesAmt166330
IRS990/OtherExpensesGrp/ProgramServicesAmt250174
IRS990/OtherExpensesGrp/ProgramServicesAmt343025
IRS990/OtherExpensesGrp/TotalAmt0261847
IRS990/OtherExpensesGrp/TotalAmt166330
IRS990/OtherExpensesGrp/TotalAmt250174
IRS990/OtherExpensesGrp/TotalAmt343025
IRS990/OtherLiabilitiesGrp/BOYAmt031012
IRS990/OtherLiabilitiesGrp/EOYAmt025466
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07190
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07190
IRS990/OtherRevenueTotalAmt07190
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09508
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08947
IRS990/PrincipalOfficerNm0AHAZ ARMSTRONG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0272176
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116121
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22951
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0272176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22951
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01023216
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06438
IRS990/PYOtherExpensesAmt01020985
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0260983
IRS990/PYRevenuesLessExpensesAmt0269652
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01020985
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01290637
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0201548
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0298438
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01166172
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01419606
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01011214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01023216
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01022055
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01012728
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0985202
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05054415
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07804
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06438
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02617
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0432
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0465
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0298438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0260983
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0266199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0236006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0240960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01302586
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07804
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06438
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02617
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0465
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017756
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99720
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt06357001
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01309652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01284199
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01288254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01248734
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01226162
IRS990ScheduleA/Total509Grp/TotalAmt06357001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01317456
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01290637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01290871
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01249166
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01226627
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06374757
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/BookValueAmt01198120
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04620248
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05818368
IRS990ScheduleD/EquipmentGrp/BookValueAmt034317
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0464279
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0498596
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01115908
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046622
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0131299
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0177921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022517
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01317456
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'S 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 2025.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01529059
IRS990ScheduleD/TotalExpensesPerForm990Amt01115908
IRS990ScheduleD/TotalLiabilityAmt025466
IRS990ScheduleD/TotalRevenuePerForm990Amt01317456
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01317456
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01115908
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED AND SIGNED BY THE DIRECTOR OF FINANCE OF THE MANAGEMENT COMPANY WHO REPORTS 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/ExplanationTxt2GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 41,318. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,318. BAD DEBTS: PROGRAM SERVICE EXPENSES 29,283. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,283. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 28,642. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,642. MANAGER SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 26,630. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,630. SUPPLIES: PROGRAM SERVICE EXPENSES 23,834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,834. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 12,801. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,801. MORTGAGE INSURANCE PREMIUMS: PROGRAM SERVICE EXPENSES 11,947. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,947. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 6,589. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,589. MISC ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,894. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,894. MISC OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 4,179. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,179. LEASE EXPENSE: PROGRAM SERVICE EXPENSES 3,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,597. VEHICLE REPAIRS: PROGRAM SERVICE EXPENSES 1,888. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,888. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 577. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 577.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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/DisregardedEntityName/BusinessNameLine1Txt0NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GLADSTONE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GRANVILLE PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3GRANVILLE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4HUNTERS HILL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5KORNER HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6LEGACY PLACE OF CATAWBA VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7MOCK PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8MOUNTAIN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9TYRO SCHOOL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10EAST SALEM APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11VHVH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12MILLBROOK HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13EAST 5TH STREET APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14NORTH CAROLINA HOUSING SERVICES & MANAGEMENT CORP DBA ANCHOR SERVICES & MAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15NORTH WING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16ARP PLACE - GASTONIA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17ARP MANOR - KINGS MOUNTAIN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18ARP MANOR - MOORESVILLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19THE ASSOCIATE REFORMED PRESBYTERIAN HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560929051

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