Civic Intelligence

First Baptist Housing Development Corporation

EIN 58-1620954 • 501(c)3 • Lumberton, NC

Profile

To provide housing and related services to qualified elderly/disabled persons under programs supervised and subsidized by hud.

40 Marion RdLumberton, NC 28358

n/A

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.83x

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

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

Liabilities / Revenue

61st percentile

2.77x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

54th percentile

-0.7%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

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

Asset Growth

13th percentile

-8.1%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

47th percentile

2.9%

Faster revenue growth than 47% of similar nonprofits.

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

Assets

Down

$1,104,175

Down $97,846 (-8.1%) from 2024

Liabilities

Down

$914,781

Down $95,543 (-9.5%) from 2024

Net Assets

Down

$189,394

Down $2,303 (-1.2%) from 2024

Revenue

Up

$330,494

Up $9,338 (+2.9%) from 2024

Expenses

Up

$332,797

Up $25,678 (+8.4%) from 2024

Net Income

Down

-$2,303

Down $16,340 (-116%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2012: $938,639Liabilities 2012: $1,355,143Net Assets 2012: -$416,5042012Assets 2013: $899,988Liabilities 2013: $1,336,001Net Assets 2013: -$436,0132013Assets 2014: $873,455Liabilities 2014: $1,314,566Net Assets 2014: -$441,1112014Assets 2015: $837,885Liabilities 2015: $1,298,380Net Assets 2015: -$460,4952015Assets 2016: $815,981Liabilities 2016: $1,271,401Net Assets 2016: -$455,4202016Assets 2017: $1,571,681Liabilities 2017: $1,376,255Net Assets 2017: $195,4262017Assets 2018: $1,511,757Liabilities 2018: $1,222,094Net Assets 2018: $289,6632018Assets 2019: $1,474,508Liabilities 2019: $1,208,159Net Assets 2019: $266,3492019Assets 2020: $1,334,892Liabilities 2020: $1,200,708Net Assets 2020: $134,1842020Assets 2021: $1,308,025Liabilities 2021: $1,151,767Net Assets 2021: $156,2582021Assets 2022: $1,277,238Liabilities 2022: $1,102,690Net Assets 2022: $174,5482022Assets 2023: $1,231,218Liabilities 2023: $1,053,558Net Assets 2023: $177,6602023Assets 2024: $1,202,021Liabilities 2024: $1,010,324Net Assets 2024: $191,6972024Assets 2025: $1,104,175Liabilities 2025: $914,781Net Assets 2025: $189,3942025

Highlighted filing

2025

Assets$1,104,175
Liabilities$914,781
Net Assets$189,394

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $278,4582012Expenses 2013: $290,9932013Revenue 2014: $274,521Expenses 2014: $279,619Net Income 2014: -$5,0982014Revenue 2015: $257,793Expenses 2015: $277,177Net Income 2015: -$19,3842015Revenue 2016: $275,616Expenses 2016: $270,541Net Income 2016: $5,0752016Revenue 2017: $884,896Expenses 2017: $234,050Net Income 2017: $650,8462017Revenue 2018: $348,547Expenses 2018: $254,261Net Income 2018: $94,2862018Revenue 2019: $287,428Expenses 2019: $310,742Net Income 2019: -$23,3142019Revenue 2020: $294,483Expenses 2020: $426,648Net Income 2020: -$132,1652020Revenue 2021: $295,702Expenses 2021: $273,628Net Income 2021: $22,0742021Revenue 2022: $297,954Expenses 2022: $279,664Net Income 2022: $18,2902022Revenue 2023: $311,105Expenses 2023: $307,993Net Income 2023: $3,1122023Revenue 2024: $321,156Expenses 2024: $307,119Net Income 2024: $14,0372024Revenue 2025: $330,494Expenses 2025: $332,797Net Income 2025: -$2,3032025

Highlighted filing

2025

Revenue$330,494
Expenses$332,797
Net Income-$2,303

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.10$0.91$0.19$0.33$0.33$0.00
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.01$0.19$0.32$0.31$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$1.05$0.18$0.31$0.31$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$1.10$0.17$0.30$0.28$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$1.15$0.16$0.30$0.27$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$1.20$0.13$0.29$0.43$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$1.21$0.27$0.29$0.31$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$1.22$0.29$0.35$0.25$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$1.38$0.20$0.88$0.23$0.65
2016Detailed filing. Detailed filing data is available for this year.$0.82$1.27$0.46$0.28$0.27$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.84$1.30$0.46$0.26$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.87$1.31$0.44$0.27$0.28$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$1.34$0.44$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$1.36$0.42$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 1, 2026
Return Version
2024v5.5
Gross Receipts
$330,494
Mission and Program Overview

Mission

To provide housing and related services to qualified elderly and disabled persons under programs supervised and subsidized by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,004,801$957,399▼ $47,402
Investments Program Related-$114,296-
Savings and Temporary Cash Investments$103,501--
Intangible Assets$60,007--
Cash and Non-Interest-Bearing Accounts$7,046$17,413▲ $10,367
Prepaid Expenses and Deferred Charges$12,365$12,350▼ $15
Accounts Receivable$4,591$2,717▼ $1,874
Total Assets$1,202,021$1,104,175▼ $97,846
Other Assets Total$9,710$0▼ $9,710
Liabilities
Mortgage Notes Payable Secured by Investment Property$985,855$889,807▼ $96,048
Accounts Payable and Accrued Expenses$12,642$12,104▼ $538
Escrow Account Liability-$10,535-
Deferred Revenue$1,598$1,716▲ $118
Other Liabilities$10,229$619▼ $9,610
Total Liabilities$1,010,324$914,781▼ $95,543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$191,697$189,394▼ $2,303
Total Net Assets Fund Balance$191,697$189,394▼ $2,303
Total Liabilities and Net Assets / Fund Balance$1,202,021$1,104,175▼ $97,846

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$859,166$485,271$1,344,437
Other Land Buildings$49,586$188,864$238,450
Equipment$18,647$61,866$80,513
Land$30,000-$30,000
Investment Program Related Org$29,297--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$229,712
Program Service Revenue
$100,739
Investment Income
$43
Other Revenue
$0
Change in Net Assets
$-2,303

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,494
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$330,494
Total Revenue per Form 990
$330,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,508
Salaries, Compensation, and Employee Benefits$60,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$47,448--$47,448
Depreciation Depletion$47,402--$47,402
Other Salaries and Wages$19,303$27,148-$46,451
Fees for Services Other$36,051$7,088-$43,139
Occupancy$34,892--$34,892
Insurance$28,680--$28,680
Fees for Services Management-$25,759-$25,759
Office Expenses$12,476$4,738-$17,214
Fees for Services Accounting-$16,250-$16,250
Other Employee Benefits$8,379--$8,379
Payroll Taxes$3,890--$3,890
Pension Plan Contributions$1,569--$1,569
Fees for Services Legal-$1,131-$1,131
Other Expenses$303$2,607-$303
Total Functional Expenses$240,393$92,404$0$332,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$332,797
Total Expenses per Audited Statements$332,797
Total Expenses per Form 990$332,797
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
Escheat$619
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board of directors has delegated the management of the rental apartments to presken management, llc. The affordable housing apartment complex is regulated by the united states department of housing and urban development with respect to rent charges and operating methods. The management company was selected because of its experience in managing properties under these guidelines.

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

A copy of the form 990 is provided to the board members before it is filed.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
First Baptist Housing Development
EIN
58-1620954
Phone
9107386043
Address
40 MARION RD, LUMBERTON, NC 28358

Signing Officer

Name
Wixie Stephens
Title
Chair
Phone
9107386043
Signed
2026-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wixie Stephens
Formed
1985
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

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 contracted services: program service expenses 36,051. Management and general expenses 7,088. Fundraising expenses 0. Total expenses 43,139.

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits are kept in a separate bank account as required by hud. The balance of this account must be equal to or greater than the total liability owed to tenants for those deposits.

PART X, LINE 2:

The corporation is a not for profit corporation and is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code. It is the policy of the corporation to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured using a more likely than not threshold to determine whether the tax position is uncertain and what effect, if any, the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2025.

Raw XML AppendixShowing 400 of 504 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012642
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012104
IRS990/AccountsReceivableGrp/BOYAmt04591
IRS990/AccountsReceivableGrp/EOYAmt02717
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY AND DISABLED PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.
IRS990/AddressChangeInd0X
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0WIXIE STEPHENS
IRS990/BooksInCareOfDetail/PhoneNum09107386043
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 MARION RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LUMBERTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028358
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt07046
IRS990/CashNonInterestBearingGrp/EOYAmt017413
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0229712
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt043
IRS990/CYOtherExpensesAmt0272508
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0100739
IRS990/CYRevenuesLessExpensesAmt0-2303
IRS990/CYSalariesCompEmpBnftPaidAmt060289
IRS990/CYTotalExpensesAmt0332797
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0330494
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01598
IRS990/DeferredRevenueGrp/EOYAmt01716
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt047402
IRS990/DepreciationDepletionGrp/TotalAmt047402
IRS990/Desc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY AND DISABLED PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/EOYAmt010535
IRS990/ExpenseAmt0240393
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016250
IRS990/FeesForServicesAccountingGrp/TotalAmt016250
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01131
IRS990/FeesForServicesLegalGrp/TotalAmt01131
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt025759
IRS990/FeesForServicesManagementGrp/TotalAmt025759
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07088
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt036051
IRS990/FeesForServicesOtherGrp/TotalAmt043139
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0WIXIE STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm1SHELBY FOYE
IRS990/Form990PartVIISectionAGrp/PersonNm2MARION CARMICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY COLE
IRS990/Form990PartVIISectionAGrp/PersonNm4PAUL MATTHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm5VIVIAN BREEDEN
IRS990/Form990PartVIISectionAGrp/PersonNm6NOFFIE SAULTERS
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES MCMILLIAN
IRS990/Form990PartVIISectionAGrp/PersonNm9KING EVANS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0229712
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0330494
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt028680
IRS990/InsuranceGrp/TotalAmt028680
IRS990/IntangibleAssetsGrp/BOYAmt060007
IRS990/InterestGrp/ProgramServicesAmt047448
IRS990/InterestGrp/TotalAmt047448
IRS990/InvestmentIncomeGrp/ExclusionAmt043
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0114296
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0736001
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01004801
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0957399
IRS990/LandBldgEquipCostOrOtherBssAmt01693400
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY AND DISABLED PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0985855
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0889807
IRS990/NetAssetsOrFundBalancesBOYAmt0191697
IRS990/NetAssetsOrFundBalancesEOYAmt0189394
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0191697
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0189394
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt034892
IRS990/OccupancyGrp/TotalAmt034892
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04738
IRS990/OfficeExpensesGrp/ProgramServicesAmt012476
IRS990/OfficeExpensesGrp/TotalAmt017214
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09710
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08379
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08379
IRS990/OtherExpensesGrp/Desc0OTHER RENTING EXP.
IRS990/OtherExpensesGrp/Desc1MISC. ADMIN. EXP.
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04064
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13619
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22607
IRS990/OtherExpensesGrp/ProgramServicesAmt0303
IRS990/OtherExpensesGrp/TotalAmt04064
IRS990/OtherExpensesGrp/TotalAmt13619
IRS990/OtherExpensesGrp/TotalAmt22607
IRS990/OtherExpensesGrp/TotalAmt3303
IRS990/OtherLiabilitiesGrp/BOYAmt010229
IRS990/OtherLiabilitiesGrp/EOYAmt0619
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027148
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt019303
IRS990/OtherSalariesAndWagesGrp/TotalAmt046451
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03890
IRS990/PayrollTaxesGrp/TotalAmt03890
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01569
IRS990/PensionPlanContributionsGrp/TotalAmt01569
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012365
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012350
IRS990/PrincipalOfficerNm0WIXIE STEPHENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097694
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11118
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21030
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097694
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3897
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0216031
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt044
IRS990/PYOtherExpensesAmt0307119
IRS990/PYOtherRevenueAmt03896
IRS990/PYProgramServiceRevenueAmt0101185
IRS990/PYRevenuesLessExpensesAmt014037
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0307119
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0321156
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2303
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0100739
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0103501
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0229712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0216031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0216229
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0204634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0205199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01071805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0128
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0477634
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt01071805
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0229712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0216031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0216229
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0204634
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0205199
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01071805
IRS990ScheduleA/TotalSupportAmt01071933
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0859166
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0485271
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01344437
IRS990ScheduleD/EquipmentGrp/BookValueAmt018647
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061866
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080513
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0332797
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt010890
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt124598
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt249511
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt329297
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0TENANT SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2RESERVE FOR REPLACEMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3DEBT SERVICE SAVINGS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049586
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0188864
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0238450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0619
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ESCHEAT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0330494
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE KEPT IN A SEPARATE BANK ACCOUNT AS REQUIRED BY HUD. THE BALANCE OF THIS ACCOUNT MUST BE EQUAL TO OR GREATER THAN THE TOTAL LIABILITY OWED TO TENANTS FOR THOSE DEPOSITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS A NOT FOR PROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS THE POLICY OF THE CORPORATION TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED USING A MORE LIKELY THAN NOT THRESHOLD TO DETERMINE WHETHER THE TAX POSITION IS UNCERTAIN AND WHAT EFFECT, IF ANY, THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2025.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0957399
IRS990ScheduleD/TotalBookValueProgramRltdAmt0114296
IRS990ScheduleD/TotalExpensesPerForm990Amt0332797
IRS990ScheduleD/TotalLiabilityAmt0619
IRS990ScheduleD/TotalRevenuePerForm990Amt0330494
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0330494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0332797
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO PRESKEN MANAGEMENT, LLC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS SELECTED BECAUSE OF ITS EXPERIENCE IN MANAGING PROPERTIES UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 36,051. MANAGEMENT AND GENERAL EXPENSES 7,088. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,139.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.