Korner Homes Inc

EIN 58-1394455 • 501(c)3 • Winstonsalem, NC

Profile

Develop and operate hud section 202 housing for the elderly.

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.

1.29x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

2.47x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

$121,695

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

4.9%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

3.5%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Balance Sheet

Liabilities / Assets96th percentile

Assets

$1,585,499

Up $95,719 (+6.4%) from 2024

Liabilities

Down

$2,051,489

Down $72,269 (-3.4%) from 2024

Net Assets

-$465,990

Up $167,988 (+26%) from 2024

Operations

Liabilities / Revenue94th percentile Net Margin73rd percentile

Revenue

$831,351

Up $45,857 (+5.8%) from 2024

Expenses

$663,363

Up $4,096 (+0.6%) from 2024

Net Income

$167,988

Up $41,761 (+33%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

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

Highlighted filing

2025

Assets$1,585,499

Liabilities$2,051,489

Net Assets-$465,990

Open 2025 Filing

Operations Trend

Revenue Growth43rd percentile

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

Highlighted filing

2025

Revenue$831,351

Expenses$663,363

Net Income$167,988

Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $1,585,499
Liabilities: $2,051,489
Net assets: -$465,990
Revenue: $831,351
Expenses: $663,363
Net income: $167,988

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.59	$2.05	$0.47	$0.83	$0.66	$0.17
2024Detailed filing. Detailed filing data is available for this year.	$1.49	$2.12	$0.63	$0.79	$0.66	$0.13
2023Detailed filing. Detailed filing data is available for this year.	$1.44	$2.20	$0.76	$0.78	$0.69	$0.09
2022Detailed filing. Detailed filing data is available for this year.	$1.45	$2.30	$0.85	$0.76	$0.72	$0.04
2021Detailed filing. Detailed filing data is available for this year.	$1.49	$2.38	$0.89	$0.75	$0.73	$0.02
2020Detailed filing. Detailed filing data is available for this year.	$1.56	$2.47	$0.91	$0.71	$0.66	$0.05
2019Detailed filing. Detailed filing data is available for this year.	$1.56	$2.52	$0.96	$0.70	$0.68	$0.02
2018Detailed filing. Detailed filing data is available for this year.	$1.58	$2.56	$0.98	$0.70	$0.65	$0.06
2017Detailed filing. Detailed filing data is available for this year.	$1.64	$2.68	$1.04	$0.69	$0.65	$0.04
2016Detailed filing. Detailed filing data is available for this year.	$1.60	$2.67	$1.07	$0.67	$0.64	$0.03
2015Detailed filing. Detailed filing data is available for this year.	$1.63	$2.74	$1.10	$0.67	$0.64	$0.03
2014Detailed filing. Detailed filing data is available for this year.	$1.65	$2.79	$1.13	$0.66	$0.66	$0.00
2013Summary only. Only limited summary data is available for this year.	$1.67	$2.81	$1.14	$0.65	$0.66	$0.00
2012Summary only. Only limited summary data is available for this year.	$1.72	$2.86	$1.13	$0.65	$0.76	$0.11
2011Summary only. Only limited summary data is available for this year.	$1.84	$2.87	$1.03	$0.64	$0.73	$0.09

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: $831,351

Mission and Program Overview

Mission

Develop and operate hud section 202 housing for the elderly.

Own and operate an 80 unit apartment complex for the elderly under section 207/223(f) of the national housing act.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$755,748	$730,252	▼ $25,496
Savings and Temporary Cash Investments	$602,577	$675,817	▲ $73,240
Intangible Assets	$85,580	$80,645	▼ $4,935
Cash and Non-Interest-Bearing Accounts	$5,969	$59,304	▲ $53,335
Prepaid Expenses and Deferred Charges	$4,784	$4,376	▼ $408
Accounts Receivable	$5,072	$3,267	▼ $1,805
Total Assets	$1,489,780	$1,585,499	▲ $95,719
Other Assets Total	$30,050	$31,838	▲ $1,788
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,059,492	$1,975,980	▼ $83,512
Accounts Payable and Accrued Expenses	$33,969	$42,778	▲ $8,809
Other Liabilities	$30,050	$31,838	▲ $1,788
Deferred Revenue	$247	$893	▲ $646
Total Liabilities	$2,123,758	$2,051,489	▼ $72,269
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$-633,978	$-465,990	▲ $167,988
Total Net Assets Fund Balance	$-633,978	$-465,990	▲ $167,988
Total Liabilities and Net Assets / Fund Balance	$1,489,780	$1,585,499	▲ $95,719

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$331,980	$2,179,015	$2,510,995
Other Land Buildings	$227,710	$254,318	$482,028
Equipment	$0	$376,794	$376,794
Land	$170,562	-	$170,562

Compensation and Service Providers

Top Officer Pay84th percentile

Employees

Name	Title	Other	Total
Tammy Vernon	Outgoing Treaurer	$121,695	$121,695

Board Members and Trustees

Name	Title
Craig Peatross	President
Diane Evans	Director
Garry Merritt	Director
Mallory Oldham	Secretary
Ahaz Armstrong	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $542,663
Program Service Revenue: $284,935
Investment Income: $3,753
Other Revenue: $0
Change in Net Assets: $167,988

Audited Revenue Reconciliation

Revenue per Audited Statements: $831,351
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $831,351
Total Revenue per Form 990: $831,351

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$663,363
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
All Other Expenses	$83,059	$6,466	-	$89,525
Insurance	$88,336	-	-	$88,336
Interest	$80,855	-	-	$80,855
Fees for Services Management	$54,770	-	-	$54,770
Other Expenses	$43,016	-	-	$43,016
Depreciation Depletion	$41,193	-	-	$41,193
Office Expenses	$26,261	-	-	$26,261
Occupancy	$16,632	-	-	$16,632
Fees for Services Accounting	-	$6,326	-	$6,326
Conferences and Meetings	$3,943	-	-	$3,943
Fees for Services Legal	$2,120	-	-	$2,120
Advertising	$554	-	-	$554
Total Functional Expenses	$650,571	$12,792	$0	$663,363

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$663,363
Total Expenses per Audited Statements	$663,363
Total Expenses per Form 990	$663,363
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 Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Arp Manor - Kings Mountain Inc	Winstonsalem, NC	Elderly Housing	501(c)(3)	Line 10	No
Arp Manor - Mooresville Inc	Winstonsalem, NC	Elderly Housing	501(c)(3)	Line 10	No
Arp Place - Gastonia Inc	Winstonsalem, NC	Disabled Housing	501(c)(3)	Line 10	No
East 5th Street Apartments Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
East Salem Apartments Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
East Salem Homes Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Gladstone Housing Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Granville Place Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Granville Plaza Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Hunters Hill Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Legacy Place of Catawba Valley Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Millbrook Homes Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Mock Place Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Mountain Place Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
North Carolina Housing Foundation Inc Dba Anchor	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
North Carolina Housing Services & Management Corp Dba Anchor Services & Man	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
North Wing Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
The Associate Reformed Presbyterian Homes Inc	Winstonsalem, NC	Elderly Housing	501(c)(3)	Line 10	No
Tyro School Apartments Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No
Vhvh Inc	Winstonsalem, NC	Low Income Housing	501(c)(3)	Line 10	No

Transactions with Related Organizations

Organization	Type	Method	Amount
North Carolina Housing Services & Management Corp Dba Anchor Services & Ma	P	Cost	$229,979
North Carolina Housing Services & Management Corp Dba Anchor Services & Ma	M	Cost	$54,770

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Tenant Security Deposits	$31,838

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 by the director of finance of the management company and signed by the treasurer 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: Korner Homes Inc
EIN: 58-1394455
Phone: 3367653906
Address: 2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC 27127
Doing Business As: Koerner 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: 1980
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

“Office salary reimbursement: program service expenses 16,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,801. Garbage and trash removal: program service expenses 14,665. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,665. Supplies: program service expenses 12,938. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,938. Payroll tax reimbursement: program service expenses 11,714. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,714. Mortgage insurance premiums: program service expenses 9,064. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,064. Misc. Operating expenses: program service expenses 6,865. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,865. Misc. Administrative expenses: program service expenses 0. Management and general expenses 6,466. Fundraising expenses 0. Total expenses 6,466. Misc. Financial expenses: program service expenses 5,975. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,975. Snow removal: program service expenses 2,173. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,173. Heating/cooling repairs & maintenance: program service expenses 1,718. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,718. Vehicle repairs & maintenance: program service expenses 787. Management and general expenses 0. Fundraising expenses 0. Total expenses 787. Security payroll/contract: program service expenses 225. Management and general expenses 0. Fundraising expenses 0. Total expenses 225. Other renting expenses: program service expenses 134. Management and general expenses 0. Fundraising expenses 0. Total expenses 134.”

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.”

Raw XML AppendixShowing 400 of 673 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/LandBldgEquipBasisNetGrp/EOYAmt	0	730252
IRS990/LandBldgEquipCostOrOtherBssAmt	0	3540379
IRS990/LegalDomicileStateCd	0	NC
IRS990/LoanOutstandingInd	0	0
IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
IRS990/MaterialDiversionOrMisuseInd	0	0
IRS990/MembersOrStockholdersInd	0	0
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	1
IRS990/MinutesOfGoverningBodyInd	0	1
IRS990/MissionDesc	0	DEVELOP AND OPERATE HUD SECTION 202 HOUSING FOR THE ELDERLY.
IRS990/MoreThan5000KToIndividualsInd	0	0
IRS990/MoreThan5000KToOrgInd	0	0
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	2059492
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	1975980
IRS990/NetAssetsOrFundBalancesBOYAmt	0	-633978
IRS990/NetAssetsOrFundBalancesEOYAmt	0	-465990
IRS990/NetUnrelatedBusTxblIncmAmt	0	0
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt	0	-633978
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt	0	-465990
IRS990/NondeductibleContributionsInd	0	0
IRS990/OccupancyGrp/ProgramServicesAmt	0	16632
IRS990/OccupancyGrp/TotalAmt	0	16632
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	26261
IRS990/OfficeExpensesGrp/TotalAmt	0	26261
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	30050
IRS990/OtherAssetsTotalGrp/EOYAmt	0	31838
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherExpensesGrp/Desc	0	CONTRACTS
IRS990/OtherExpensesGrp/Desc	1	PAYROLL REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc	2	MANAGER SALARY REIMBURS
IRS990/OtherExpensesGrp/Desc	3	ASSISTED LIVING EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	96810
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	62510
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	50512
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	43016
IRS990/OtherExpensesGrp/TotalAmt	0	96810
IRS990/OtherExpensesGrp/TotalAmt	1	62510
IRS990/OtherExpensesGrp/TotalAmt	2	50512
IRS990/OtherExpensesGrp/TotalAmt	3	43016
IRS990/OtherLiabilitiesGrp/BOYAmt	0	30050
IRS990/OtherLiabilitiesGrp/EOYAmt	0	31838
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	4784
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	4376
IRS990/PrincipalOfficerNm	0	AHAZ ARMSTRONG
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc	1	LAUNDRY AND VENDING RE
IRS990/ProgramServiceRevenueGrp/Desc	2	TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	283725
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	1120
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	90
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	283725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	1120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	90
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	520192
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	-325
IRS990/PYOtherExpensesAmt	0	659267
IRS990/PYOtherRevenueAmt	0	0
IRS990/PYProgramServiceRevenueAmt	0	265627
IRS990/PYRevenuesLessExpensesAmt	0	126227
IRS990/PYSalariesCompEmpBnftPaidAmt	0	0
IRS990/PYTotalExpensesAmt	0	659267
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	785494
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	167988
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	0
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	284935
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	602577
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	675817
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	542663
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	520192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	522739
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	525947
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	515392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	2626933
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	3753
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	3412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	1572
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	337
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	477
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	9551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	284935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	265627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	251278
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	230811
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	234251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1266902
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	3753
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	3412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	1572
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	9551
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00240
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00180
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.99760
IRS990ScheduleA/PublicSupportPY509Pct	0	0.99820
IRS990ScheduleA/PublicSupportTotal509Amt	0	3893835
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	827598
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	785819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	774017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	756758
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	749643
IRS990ScheduleA/Total509Grp/TotalAmt	0	3893835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	831351
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	789231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	775589
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	757095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	750120
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	3903386
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990/ScheduleBRequiredInd	0	1
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	331980
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	2179015
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	2510995
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	0
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	376794
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	376794
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	663363
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/LandGrp/BookValueAmt	0	170562
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	170562
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	227710
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	254318
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	482028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	31838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt	0	0
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	0
IRS990ScheduleD/RevenueSubtotalAmt	0	831351
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	730252
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	663363
IRS990ScheduleD/TotalLiabilityAmt	0	31838
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	831351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	831351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	663363
IRS990/ScheduleJRequiredInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE TAX RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE OF THE MANAGEMENT COMPANY AND SIGNED BY THE TREASURER OF THE OWNER. BOTH INDIVIDUALS REPORT TO THE BOARD OF DIRECTORS (GOVERNING BODY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	THE 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/ExplanationTxt	2	OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 16,801. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,801. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 14,665. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,665. SUPPLIES: PROGRAM SERVICE EXPENSES 12,938. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,938. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 11,714. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,714. MORTGAGE INSURANCE PREMIUMS: PROGRAM SERVICE EXPENSES 9,064. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,064. MISC. OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 6,865. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,865. MISC. ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,466. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,466. MISC. FINANCIAL EXPENSES: PROGRAM SERVICE EXPENSES 5,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,975. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 2,173. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,173. HEATING/COOLING REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 1,718. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,718. VEHICLE REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 787. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 787. SECURITY PAYROLL/CONTRACT: PROGRAM SERVICE EXPENSES 225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 134. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 134.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd	0	0
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0
IRS990ScheduleR/DivRelatedOrganizationInd	0	0
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	0
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	0	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	1	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	2	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	3	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	4	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	5	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	6	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	7	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	8	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	9	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	10	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	11	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	12	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	13	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	14	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	15	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	16	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	17	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	18	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	19	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	0	NORTH CAROLINA HOUSING FOUNDATION INC DBA ANCHOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	1	GLADSTONE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	2	GRANVILLE PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	3	GRANVILLE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	4	HUNTERS HILL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	5	LEGACY PLACE OF CATAWBA VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	6	MOCK PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	7	MOUNTAIN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	8	TYRO SCHOOL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	9	EAST SALEM APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	10	EAST SALEM HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	11	VHVH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	12	MILLBROOK HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	13	EAST 5TH STREET APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	14	NORTH CAROLINA HOUSING SERVICES & MANAGEMENT CORP DBA ANCHOR SERVICES & MAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	15	NORTH WING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	16	ARP PLACE - GASTONIA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	17	ARP MANOR - KINGS MOUNTAIN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	18	ARP MANOR - MOORESVILLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt	19	THE ASSOCIATE REFORMED PRESBYTERIAN HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	0	560929051
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	1	582168448
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	2	581348601
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	3	582004370
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	4	263202574
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	5	200724481
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	6	581478146
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN	7	582024187

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