Civic Intelligence

Macon Housing Development Corporation

EIN 58-1623245 • 501(c)3 • Franklin, NC

Profile

Macon housing development corporation was organized to construct, own, and operate a 32-unit apartment community in franklin, north carolina, known as oak forest apartments, pursuant to section 223(f) of the national housing act, as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud. The corporation has entered into a housing assistance payment contract (hap contract) with hud. The hap contract provides rent assistance for low income families (or persons) as provided by the section 8 program of the national housing act.

PO Box 770Franklin, NC 28734

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.80x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

3.43x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

56th percentile

5.6%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.1%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$496,331

Up $40,424 (+8.9%) from 2021

Liabilities

Down

$1,057,458

Down $29,515 (-2.7%) from 2021

Net Assets

Up

-$561,127

Up $69,939 (+11%) from 2021

Operations
Liabilities / Revenue97th percentileNet Margin73rd percentile

Revenue

Up

$274,863

Up $7,891 (+3.0%) from 2021

Expenses

Down

$204,924

Down $14,414 (-6.6%) from 2021

Net Income

Up

$69,939

Up $22,305 (+47%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $752,778Liabilities 2010: $1,327,803Net Assets 2010: -$575,0252010Assets 2011: $714,115Liabilities 2011: $1,311,025Net Assets 2011: -$596,9102011Assets 2012: $663,879Liabilities 2012: $1,322,725Net Assets 2012: -$658,8462012Assets 2013: $584,514Liabilities 2013: $1,303,428Net Assets 2013: -$718,9142013Assets 2014: $532,414Liabilities 2014: $1,271,893Net Assets 2014: -$739,4792014Assets 2017: $404,079Liabilities 2017: $1,192,581Net Assets 2017: -$788,5022017Assets 2018: $407,509Liabilities 2018: $1,167,024Net Assets 2018: -$759,5152018Assets 2020: $443,202Liabilities 2020: $1,121,902Net Assets 2020: -$678,7002020Assets 2021: $455,907Liabilities 2021: $1,086,973Net Assets 2021: -$631,0662021Assets 2022: $496,331Liabilities 2022: $1,057,458Net Assets 2022: -$561,1272022

Highlighted filing

2022

Assets$496,331
Liabilities$1,057,458
Net Assets-$561,127
Open 2022 Filing

Operations Trend

Revenue Growth47th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $241,5712010Expenses 2011: $255,0772011Expenses 2012: $294,4752012Revenue 2013: $233,045Expenses 2013: $293,113Net Income 2013: -$60,0682013Revenue 2014: $241,363Expenses 2014: $261,928Net Income 2014: -$20,5652014Revenue 2017: $247,818Expenses 2017: $208,511Net Income 2017: $39,3072017Revenue 2018: $253,827Expenses 2018: $224,840Net Income 2018: $28,9872018Revenue 2020: $271,463Expenses 2020: $223,461Net Income 2020: $48,0022020Revenue 2021: $266,972Expenses 2021: $219,338Net Income 2021: $47,6342021Revenue 2022: $274,863Expenses 2022: $204,924Net Income 2022: $69,9392022

Highlighted filing

2022

Revenue$274,863
Expenses$204,924
Net Income$69,939
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$496,331
Liabilities
$1,057,458
Net assets
-$561,127
Revenue
$274,863
Expenses
$204,924
Net income
$69,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$1.06$0.56$0.27$0.20$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$1.09$0.63$0.27$0.22$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$1.12$0.68$0.27$0.22$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$1.17$0.76$0.25$0.22$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$1.19$0.79$0.25$0.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.53$1.27$0.74$0.24$0.26$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.58$1.30$0.72$0.23$0.29$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$1.32$0.66$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$1.31$0.60$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.33$0.58$0.24
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 17, 2019
Return Version
2018v3.1
Gross Receipts
$253,827
Mission and Program Overview

Mission

Macon housing development corporation was organized to construct, own, and operate a 32-unit apartment community in franklin, north carolina, known as oak forest apartments, pursuant to section 223(f) of the national housing act, as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud. The corporation has entered into a housing assistance payment contract (hap contract) with hud. The hap contract provides rent assistance for low income families (or persons) as provided by the section 8 program of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$194,511$197,693▲ $3,182
Land, Buildings, and Equipment, Net$168,331$177,819▲ $9,488
Intangible Assets$9,494$9,111▼ $383
Prepaid Expenses and Deferred Charges$6,842$7,025▲ $183
Accounts Receivable$3,821$1,558▼ $2,263
Cash and Non-Interest-Bearing Accounts$4,259$547▼ $3,712
Total Assets$404,079$407,509▲ $3,430
Other Assets Total$16,821$13,756▼ $3,065
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,173,945$1,144,516▼ $29,429
Other Liabilities$12,650$15,159▲ $2,509
Accounts Payable and Accrued Expenses$5,969$7,087▲ $1,118
Deferred Revenue$17$262▲ $245
Total Liabilities$1,192,581$1,167,024▼ $25,557
Net Assets / Fund Balance
Unrestricted Net Assets$-788,502$-759,515▲ $28,987
Total Net Assets Fund Balance$-788,502$-759,515▲ $28,987
Total Liabilities and Net Assets / Fund Balance$404,079$407,509▲ $3,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$66,363$950,311$1,016,674
Equipment$2,078$152,940$155,018
Land$91,490-$91,490
Leasehold Improvements$17,888$4,080$21,968
Investment Program Related Org$8,141--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Mark WestChairperson
Patrick BetancourtVice Chairperson
Ann Van HarlingenDirector
D'ANNE MADDOXDirector
Joy ParsonsDirector
Pedro CisnerosDirector
Bobby SandersSecretary - Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$169,208
Program Service Revenue
$82,499
Investment Income
$98
Other Revenue
$2,022
Change in Net Assets
$28,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$253,827
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$253,827
Total Revenue per Form 990
$253,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,840
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
Occupancy$140,780--$140,780
Fees for Services Management-$18,929-$18,929
Fees for Services Legal-$16,847-$16,847
Office Expenses-$6,794-$6,794
Fees for Services Accounting-$4,731-$4,731
Depreciation Depletion$4,489--$4,489
Insurance-$862-$862
Information Technology-$852-$852
Other Expenses$600$29,429-$600
Advertising-$305-$305
Conferences and Meetings-$157-$157
Travel-$65-$65
Total Functional Expenses$145,869$78,971$0$224,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$224,840
Expenses per Audited Statements$224,607
Total Expenses per Audited Statements$224,607
Expenses Not Reported on Financial Statements$233
Other Expense Adjustments$233
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
Security Deposits$8,589
Accrued Interest Payable$3,558
Accrued Wages Payable$2,816
Accrued Payroll Taxes Payable$196
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Macon housing development corporation is managed by community management corporation, a professional property management company. Community mangement corporation has a project owner's & management certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification hud has approved community management corporation to manage the macon housing development corporation property.”

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

“The outside independent accountant forwards a draft of form 990 to the management company, which in turn disburses a complete copy of the 990 to the board of directors for their review. Upon board approval, the board president notifies the management company to communicate approval to the outside accountant, which issues a final return for the board president to sign and file.”

Form 990, Part VI, Section B, Line 15

“The organization does not compensate officers or key employees (see page 7, part vii).”

Form 990, Part VI, Section C, Line 19

“Form 990 and all related financial and policy information are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Macon Housing Development Corporation
EIN
58-1623245
Phone
3367650424
Address
PO BOX 770, FRANKLIN, NC 28734
Doing Business As
Oak Forest Apartments

Signing Officer

Name
Mark West
Title
Chairperson
Phone
3367650424
Signed
2019-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark West
Formed
1985
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Mark Mcfarland
Phone
3178485700
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“Overview of audit function: the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax, and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state returns are subject to examination for three years after the later of the original or extended due date or the date filed by the applicable tax authorities.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax depreciation expense difference 233.”

Raw XML AppendixShowing 400 of 435 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/BOYAmt05969
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IRS990/AccountsReceivableGrp/BOYAmt03821
IRS990/AccountsReceivableGrp/EOYAmt01558
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MACON HOUSING DEVELOPMENT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 32-UNIT APARTMENT COMMUNITY IN FRANKLIN, NORTH CAROLINA, KNOWN AS OAK FOREST APARTMENTS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 25168
IRS990/BooksInCareOfDetail/USAddress/CityNm0WINSTON SALEM
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CompensationProcessOtherInd00
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IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0169208
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherExpensesAmt0224840
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0253827
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IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04489
IRS990/DepreciationDepletionGrp/TotalAmt04489
IRS990/Desc0MACON HOUSING DEVELOPMENT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 32-UNIT APARTMENT COMMUNITY IN FRANKLIN, NORTH CAROLINA, KNOWN AS OAK FOREST APARTMENTS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt00
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IRS990/FeesForServicesAccountingGrp/TotalAmt04731
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt016847
IRS990/FeesForServicesLegalGrp/TotalAmt016847
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt018929
IRS990/FeesForServicesManagementGrp/TotalAmt018929
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm0ANN VAN HARLINGEN
IRS990/Form990PartVIISectionAGrp/PersonNm1BOBBY SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm2D'ANNE MADDOX
IRS990/Form990PartVIISectionAGrp/PersonNm3JOY PARSONS
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK WEST
IRS990/Form990PartVIISectionAGrp/PersonNm5PATRICK BETANCOURT
IRS990/Form990PartVIISectionAGrp/PersonNm6PEDRO CISNEROS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY - TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/GrantsToOrganizationsInd00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt098
IRS990/InvestmentInJointVentureInd00
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IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MACON HOUSING DEVELOPMENT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 32-UNIT APARTMENT COMMUNITY IN FRANKLIN, NORTH CAROLINA, KNOWN AS OAK FOREST APARTMENTS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01173945
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01144516
IRS990/NetAssetsOrFundBalancesBOYAmt0-788502
IRS990/NetAssetsOrFundBalancesEOYAmt0-759515
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0140780
IRS990/OccupancyGrp/TotalAmt0140780
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06794
IRS990/OfficeExpensesGrp/TotalAmt06794
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016821
IRS990/OtherAssetsTotalGrp/EOYAmt013756
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MTG CO EMPLOYEE CHARGEB
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029429
IRS990/OtherExpensesGrp/ProgramServicesAmt0600
IRS990/OtherExpensesGrp/TotalAmt029429
IRS990/OtherExpensesGrp/TotalAmt1600
IRS990/OtherLiabilitiesGrp/BOYAmt012650
IRS990/OtherLiabilitiesGrp/EOYAmt015159
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt01922
IRS990/OtherRevenueMiscGrp/ExclusionAmt1100
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01922
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1100
IRS990/OtherRevenueTotalAmt02022
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06842
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07025
IRS990/PrincipalOfficerNm0MARK WEST
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082499
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0167097
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt084
IRS990/PYOtherExpensesAmt0208511
IRS990/PYOtherRevenueAmt02844
IRS990/PYProgramServiceRevenueAmt077793
IRS990/PYRevenuesLessExpensesAmt039307
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0208511
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0247818
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt028987
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt079908
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0169208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0167097
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0169700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0160495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0160822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0827322
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0178
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0521
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0375965
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02022
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02844
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02249
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03608
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08728
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019451
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97640
IRS990ScheduleA/PublicSupportPY170Pct00.92860
IRS990ScheduleA/PublicSupportTotal170Amt0827322
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0169208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167097
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0169700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0160495
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0160822
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0827322
IRS990ScheduleA/TotalSupportAmt0847294
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt066363
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0950311
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01016674
IRS990ScheduleD/EquipmentGrp/BookValueAmt02078
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152940
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0155018
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0233
IRS990ScheduleD/ExpensesSubtotalAmt0224607
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06642
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1182910
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt28141
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE REPLACEMENT FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt091490
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091490
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017888
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04080
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt021968
IRS990ScheduleD/OtherExpensesNotIncludedAmt0233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12816
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0253827
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 233.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0177819
IRS990ScheduleD/TotalBookValueProgramRltdAmt0197693
IRS990ScheduleD/TotalExpensesPerForm990Amt0224840
IRS990ScheduleD/TotalLiabilityAmt015159
IRS990ScheduleD/TotalRevenuePerForm990Amt0253827
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0253827
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0224607
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MACON HOUSING DEVELOPMENT CORPORATION IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APPROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE MACON HOUSING DEVELOPMENT CORPORATION PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISBURSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR KEY EMPLOYEES (SEE PAGE 7, PART VII).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OVERVIEW OF AUDIT FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0404079
IRS990/TotalAssetsEOYAmt0407509
IRS990/TotalAssetsGrp/BOYAmt0404079
IRS990/TotalAssetsGrp/EOYAmt0407509
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0169208
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078971
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145869
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224840
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01192581
IRS990/TotalLiabilitiesEOYAmt01167024
IRS990/TotalLiabilitiesGrp/BOYAmt01192581
IRS990/TotalLiabilitiesGrp/EOYAmt01167024
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-788502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-759515
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0145869
IRS990/TotalProgramServiceRevenueAmt082499
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt082499
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253827
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0404079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0407509
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt065
IRS990/TravelGrp/TotalAmt065
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-788502
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-759515
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 770
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028734
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A

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