Civic Intelligence

Korner Homes Inc.

990 • Fiscal year 2019 • EIN 58-1394455

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 15, 2020

2585 W Clemmonsville Rd Suite 102Winstonsalem, NC 27127

(336) 765-3906

Siviq Scores

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

Liabilities / Assets

88th percentile

1.62x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

3.62x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Net Margin

65th percentile

2.5%

Higher net margin than 65% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2019 filings • NTEE L • $1M-$5M nonprofits • Source year 2019

Asset Growth

57th percentile

-1.6%

Faster asset growth than 57% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-1.0%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,556,417

Down $24,762 (-1.6%) from 2018

Net Assets

Up

-$961,769

Up $17,527 (+1.8%) from 2018

Liabilities

Down

$2,518,186

Down $42,289 (-1.7%) from 2018

Revenue

Down

$695,849

Down $6,925 (-1.0%) from 2018

Expenses

Up

$678,322

Up $31,547 (+4.9%) from 2018

Net Income

Down

$17,527

Down $38,472 (-69%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,841,517Liabilities 2011: $2,867,440Net Assets 2011: -$1,025,9232011Assets 2012: $1,723,067Liabilities 2012: $2,856,972Net Assets 2012: -$1,133,9052012Assets 2013: $1,669,171Liabilities 2013: $2,806,665Net Assets 2013: -$1,137,4942013Assets 2014: $1,651,425Liabilities 2014: $2,786,397Net Assets 2014: -$1,134,9722014Assets 2015: $1,632,415Liabilities 2015: $2,736,272Net Assets 2015: -$1,103,8572015Assets 2016: $1,601,297Liabilities 2016: $2,674,441Net Assets 2016: -$1,073,1442016Assets 2017: $1,643,059Liabilities 2017: $2,678,354Net Assets 2017: -$1,035,2952017Assets 2018: $1,581,179Liabilities 2018: $2,560,475Net Assets 2018: -$979,2962018Assets 2019: $1,556,417Liabilities 2019: $2,518,186Net Assets 2019: -$961,7692019Assets 2020: $1,557,835Liabilities 2020: $2,469,773Net Assets 2020: -$911,9382020Assets 2021: $1,490,003Liabilities 2021: $2,380,638Net Assets 2021: -$890,6352021Assets 2022: $1,445,536Liabilities 2022: $2,295,575Net Assets 2022: -$850,0392022Assets 2023: $1,440,247Liabilities 2023: $2,200,452Net Assets 2023: -$760,2052023Assets 2024: $1,489,780Liabilities 2024: $2,123,758Net Assets 2024: -$633,9782024Assets 2025: $1,585,499Liabilities 2025: $2,051,489Net Assets 2025: -$465,9902025

Highlighted filing

2019

Assets$1,556,417
Liabilities$2,518,186
Net Assets-$961,769

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $635,163Expenses 2011: $727,509Net Income 2011: -$92,3462011Revenue 2012: $647,776Expenses 2012: $755,758Net Income 2012: -$107,9822012Revenue 2013: $652,657Expenses 2013: $656,246Net Income 2013: -$3,5892013Revenue 2014: $664,501Expenses 2014: $661,979Net Income 2014: $2,5222014Revenue 2015: $674,053Expenses 2015: $642,938Net Income 2015: $31,1152015Revenue 2016: $671,603Expenses 2016: $640,890Net Income 2016: $30,7132016Revenue 2017: $688,893Expenses 2017: $651,044Net Income 2017: $37,8492017Revenue 2018: $702,774Expenses 2018: $646,775Net Income 2018: $55,9992018Revenue 2019: $695,849Expenses 2019: $678,322Net Income 2019: $17,5272019Revenue 2020: $710,360Expenses 2020: $660,529Net Income 2020: $49,8312020Revenue 2021: $750,120Expenses 2021: $728,817Net Income 2021: $21,3032021Revenue 2022: $757,095Expenses 2022: $716,499Net Income 2022: $40,5962022Revenue 2023: $775,589Expenses 2023: $685,755Net Income 2023: $89,8342023Revenue 2024: $785,494Expenses 2024: $659,267Net Income 2024: $126,2272024Revenue 2025: $831,351Expenses 2025: $663,363Net Income 2025: $167,9882025

Highlighted filing

2019

Revenue$695,849
Expenses$678,322
Net Income$17,527
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 15, 2020
Return Version
2018v3.1
Gross Receipts
$695,849
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
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,087,615$999,379▼ $88,236
Savings and Temporary Cash Investments$317,999$365,052▲ $47,053
Intangible Assets$115,192$110,256▼ $4,936
Cash and Non-Interest-Bearing Accounts$25,985$43,450▲ $17,465
Accounts Receivable$3,602$7,317▲ $3,715
Prepaid Expenses and Deferred Charges$5,647$5,701▲ $54
Total Assets$1,581,179$1,556,417▼ $24,762
Other Assets Total$25,139$25,262▲ $123
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,496,219$2,430,500▼ $65,719
Accounts Payable and Accrued Expenses$37,655$61,109▲ $23,454
Other Liabilities$25,139$25,262▲ $123
Deferred Revenue$1,462$1,315▼ $147
Total Liabilities$2,560,475$2,518,186▼ $42,289
Net Assets / Fund Balance
Unrestricted Net Assets$-979,296$-961,769▲ $17,527
Total Net Assets Fund Balance$-979,296$-961,769▲ $17,527
Total Liabilities and Net Assets / Fund Balance$1,581,179$1,556,417▼ $24,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$566,003$1,891,879$2,457,882
Other Land Buildings$256,358$222,028$478,386
Equipment$6,456$370,338$376,794
Land$170,562-$170,562
Compensation and Service Providers

Board Members and Trustees

NameTitle
Craig PeatrossPresident
Joycelyn V JohnsonVice President
Bill BoardDirector
Garry MerrittDirector
John NicholsAsst. Secretary/asst VP
Mallory OatesSecretary
Tammy VernonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$496,435
Program Service Revenue
$198,632
Investment Income
$782
Other Revenue
$0
Change in Net Assets
$17,527

Audited Revenue Reconciliation

Revenue per Audited Statements
$695,849
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$695,849
Total Revenue per Form 990
$695,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$678,322
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$100,782$5,884-$106,666
Interest$98,435--$98,435
Depreciation Depletion$93,171--$93,171
Fees for Services Management$45,594--$45,594
Insurance$43,940--$43,940
Other Expenses$42,736--$42,736
Office Expenses$17,852--$17,852
Occupancy$14,613--$14,613
Fees for Services Accounting-$5,726-$5,726
Conferences and Meetings$1,268--$1,268
Fees for Services Legal$195--$195
Total Functional Expenses$666,712$11,610$0$678,322

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$678,322
Total Expenses per Audited Statements$678,322
Total Expenses per Form 990$678,322
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$25,262
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The tax return is reviewed by the director of finance of the management company and signed by the assistant vice president of the owner. Both individuals report to the board of directors (governing body).

Form 990, Part VI, Section C, Line 19

The organization has no written conflict of interest policy. Governing documents, financial statements and other pertinent information are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
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
John Nichols
Title
Assistant Vice President
Phone
3367653906
Signed
2020-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Nichols
Formed
1980
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
7

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Greta G Meads
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Manager salary reimbursement: program service expenses 38,811. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,811. Office salary reimbursement: program service expenses 25,971. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,971. Mortgage insurance premiums: program service expenses 11,072. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,072. Payroll tax reimbursement: program service expenses 8,233. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,233. Garbage and trash removal: program service expenses 7,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,325. Misc. Administrative expenses: program service expenses 0. Management and general expenses 5,884. Fundraising expenses 0. Total expenses 5,884. Snow removal: program service expenses 2,335. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,335. Heating/cooling repairs & maintenance: program service expenses 2,330. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,330. Vehicle repairs & maintenance: program service expenses 1,793. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,793. Misc. Operating expenses: program service expenses 1,752. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,752. Security contract: program service expenses 1,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,000. Other renting expenses: program service expenses 160. Management and general expenses 0. Fundraising expenses 0. Total expenses 160.

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 2019.

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0503423
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0482
IRS990/PYOtherExpensesAmt0646775
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0198869
IRS990/PYRevenuesLessExpensesAmt055999
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0646775
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0702774
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt017527
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0198632
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0317999
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0365052
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0496435
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0503423
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0492957
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0487107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0484569
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02464491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0782
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0482
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0367
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0272
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0234
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0198632
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0198869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0195845
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0184224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0189250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0966820
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0482
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0367
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0234
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02137
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt03431311
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0695067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0702292
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0688802
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0671331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0673819
IRS990ScheduleA/Total509Grp/TotalAmt03431311
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0695849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0702774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0689169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0671603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0674053
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03433448
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/BookValueAmt0566003
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01891879
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02457882
IRS990ScheduleD/EquipmentGrp/BookValueAmt06456
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0370338
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0376794
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0678322
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0170562
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170562
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0256358
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0222028
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0478386
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025262
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0695849
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 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0999379
IRS990ScheduleD/TotalExpensesPerForm990Amt0678322
IRS990ScheduleD/TotalLiabilityAmt025262
IRS990ScheduleD/TotalRevenuePerForm990Amt0695849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0695849
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0678322
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE OF THE MANAGEMENT COMPANY AND SIGNED BY THE ASSISTANT VICE PRESIDENT OF THE OWNER. BOTH INDIVIDUALS REPORT TO THE BOARD OF DIRECTORS (GOVERNING BODY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO WRITTEN CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER PERTINENT INFORMATION ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGER SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 38,811. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,811. OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 25,971. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,971. MORTGAGE INSURANCE PREMIUMS: PROGRAM SERVICE EXPENSES 11,072. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,072. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 8,233. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,233. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 7,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,325. MISC. ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,884. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,884. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 2,335. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,335. HEATING/COOLING REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 2,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,330. VEHICLE REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 1,793. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,793. MISC. OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 1,752. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,752. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 160. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160.
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/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH CAROLINA HOUSING FOUNDATION INC
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/BusinessNameLine1Txt5LEGACY PLACE OF CATAWBA VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6MOCK PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7MOUNTAIN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8TYRO SCHOOL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9EAST SALEM APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10EAST SALEM HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11VHVH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12MILLBROOK HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13COMMONS OF FORSYTH COUNTY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15EAST 5TH STREET APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16NORTH WING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17CAMPBELL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18ARP PLACE - GASTONIA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19ARP MANOR - KINGS MOUNTAIN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20ARP MANOR - MOORESVILLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21THE ASSOCIATE REFORMED PRESBYTERIAN HOMES INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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