Civic Intelligence

Drayton Pines Inc.

990 • Fiscal year 2021 • EIN 81-4265588

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 08, 2022

500 West Fourth Street Suite 300Winstonsalem, NC 27101

(336) 727-8500

Siviq Scores

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

Liabilities / Assets

59th percentile

0.79x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

6.63x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Net Margin

61st percentile

-3.7%

Higher net margin than 61% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$235,625

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 66.6% of source-year revenue.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Asset Growth

76th percentile

1.6%

Faster asset growth than 76% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-2.3%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,953,395

Up $45,350 (+1.6%) from 2020

Net Assets

Up

$606,533

Up $74,778 (+14%) from 2020

Liabilities

Down

$2,346,862

Down $29,428 (-1.2%) from 2020

Revenue

Down

$353,956

Down $8,496 (-2.3%) from 2020

Expenses

Down

$367,000

Down $3,258 (-0.9%) from 2020

Net Income

Down

-$13,044

Down $5,238 (-67%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $730,459Liabilities 2017: $125,853Net Assets 2017: $604,6062017Assets 2018: $2,472,136Liabilities 2018: $1,795,399Net Assets 2018: $676,7372018Assets 2019: $3,041,861Liabilities 2019: $2,473,435Net Assets 2019: $568,4262019Assets 2020: $2,908,045Liabilities 2020: $2,376,290Net Assets 2020: $531,7552020Assets 2021: $2,953,395Liabilities 2021: $2,346,862Net Assets 2021: $606,5332021Assets 2022: $2,916,841Liabilities 2022: $2,294,847Net Assets 2022: $621,9942022Assets 2023: $2,927,109Liabilities 2023: $2,313,469Net Assets 2023: $613,6402023Assets 2024: $2,941,956Liabilities 2024: $2,257,964Net Assets 2024: $683,9922024

Highlighted filing

2021

Assets$2,953,395
Liabilities$2,346,862
Net Assets$606,533

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $232,067Expenses 2017: $225,733Net Income 2017: $6,3342017Revenue 2018: $355,843Expenses 2018: $250,155Net Income 2018: $105,6882018Revenue 2019: $277,539Expenses 2019: $348,228Net Income 2019: -$70,6892019Revenue 2020: $362,452Expenses 2020: $370,258Net Income 2020: -$7,8062020Revenue 2021: $353,956Expenses 2021: $367,000Net Income 2021: -$13,0442021Revenue 2022: $369,567Expenses 2022: $354,106Net Income 2022: $15,4612022Revenue 2023: $367,656Expenses 2023: $376,010Net Income 2023: -$8,3542023Revenue 2024: $477,082Expenses 2024: $406,730Net Income 2024: $70,3522024

Highlighted filing

2021

Revenue$353,956
Expenses$367,000
Net Income-$13,044
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 8, 2022
Return Version
2020v4.2
Gross Receipts
$353,956
Mission and Program Overview

Mission

In conjunction with the housing authority of winston-salem, to facilitate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.

See schedule oto facilitate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,869,985$2,890,486▲ $20,501
Cash and Non-Interest-Bearing Accounts$20,010$24,085▲ $4,075
Accounts Receivable$2,259$17,410▲ $15,151
Prepaid Expenses and Deferred Charges$5,539$6,446▲ $907
Total Assets$2,908,045$2,953,395▲ $45,350
Other Assets Total$10,252$14,968▲ $4,716
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,281,333$2,228,021▼ $53,312
Other Liabilities$93,110$113,632▲ $20,522
Accounts Payable and Accrued Expenses$942$4,270▲ $3,328
Deferred Revenue$905$939▲ $34
Total Liabilities$2,376,290$2,346,862▼ $29,428
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$531,755$606,533▲ $74,778
Total Net Assets Fund Balance$531,755$606,533▲ $74,778
Total Liabilities and Net Assets / Fund Balance$2,908,045$2,953,395▲ $45,350

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,890,486$2,424,694$5,315,180
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew PerkinsChair
Betsy AnneseVice Chair
Alfred AdamsDirector
Art GibelDirector
Arthur DarkDirector
Felicia BrinsonDirector
Kathy StittsDirector
Vivian Perez ChandlerDirector
William RoseDirector
Arthur KingOutgoing Director
Evelyn SandersOutgoing Director
Jemmise BowenOutgoing Director
Kelly CasonOutgoing Director
Thomas AdamsOutgoing Director
Larry WoodsOutgoing Secretary/treasurer
Kevin CheshireSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$353,943
Investment Income
$13
Other Revenue
$0
Change in Net Assets
$-13,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$367,000
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
Depreciation Depletion$79,543--$79,543
Interest$70,591--$70,591
Fees for Services Management$33,748--$33,748
All Other Expenses$22,269--$22,269
Insurance$20,659--$20,659
Other Expenses$19,521--$19,521
Fees for Services Accounting$9,549--$9,549
Office Expenses$3,419--$3,419
Advertising$19--$19
Total Functional Expenses$367,000$0$0$367,000
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
Accrued Expenses$113,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 affairs of the corporation are managed by the board of commissioners of the housing authority of the city of winston-salem.

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

The 990 return is reviewed by the cfo and director of finance. The information is discussed with the board and copies of all returns are available for their review.

Form 990, Part VI, Section C, Line 19

All information governing the authority and its instrumentalities are available for review at the housing authority. Those documents are also included in our annual plan that is posted on hud's website annually.

Filing and Contact Details

Filer

Filer Name
Drayton Pines Inc
EIN
81-4265588
Phone
3367278500
Address
500 WEST FOURTH STREET SUITE 300, WINSTONSALEM, NC 27101

Signing Officer

Name
Kevin Cheshire
Title
Executive Director
Phone
3367278500
Signed
2022-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Cheshire
Formed
2017
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
525 NORTH TRYON STREET, CHARLOTTE, NC 28202
Preparer
Andrew Smith CPA
Phone
7043329100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Changes in net asset 87,822.

Form 990, Part X, Line 23

During 2017, drayton pines executed a promissory note with wells fargo bank in the amount of $1,290,556. The loan carries an interest rate of 4.62%. The loan is secured by a deed of trust and matures on october 10, 2022. Monthly payments of $8,665.34 are due beginning november 10, 2017. Only $1,201,667 of these funds have been received as of september 30, 2021.

Form 990, Part X, Line 23

During 2017, drayton pines executed a promissory note with the city of winston-salem in the amount of $500,000. The loan carries an interest rate of 2.0%. The loan is deferred at no interest through the first ten years after the construction completion. The loan is due in full forty years after the construction completion date. The entire loan has been received as of september 30, 2021.

Form 990, Part X, Line 23

During 2017, drayton pines executed a promissory note with the housing authority of winston-salem in the amount of $312,000. The loan carries an interest rate of 0.0%. The loan is due at the earliest of (1) november 5, 2035, (2) the sale, conveyance or refinancing of the property, or (3) 18 years after project completion. The entire loan has been received as of september 30, 2021.

Form 990, Part X, Line 23

During 2017, drayton pines executed a promissory note with bb&t bank in the amount of $240,000. The loan carries an interest rate of 5.540%. The loan is secured by a deed of trust and matures on september 27, 2028. Monthly payments of $1,667.41 are due beginning october 27, 2018. Only $214,354 of these funds have been received as of september 30, 2021.

Raw XML AppendixShowing 400 of 514 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/BOYAmt0942
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04270
IRS990/AccountsReceivableGrp/BOYAmt02259
IRS990/AccountsReceivableGrp/EOYAmt017410
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE OTO FACILITATE THE ORGANIZATION AND ADMINISTRATION OF INNOVATIVE PROJECTS TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.
IRS990/AdvertisingGrp/ProgramServicesAmt019
IRS990/AdvertisingGrp/TotalAmt019
IRS990/AllOtherExpensesGrp/ProgramServicesAmt022269
IRS990/AllOtherExpensesGrp/TotalAmt022269
IRS990/BooksInCareOfDetail/PersonNm0MS NANCY THOMAS
IRS990/BooksInCareOfDetail/PhoneNum03367278500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 WEST FOURTH STREET SUITE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0WINSTONSALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027101
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt020010
IRS990/CashNonInterestBearingGrp/EOYAmt024085
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt013
IRS990/CYOtherExpensesAmt0367000
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0353943
IRS990/CYRevenuesLessExpensesAmt0-13044
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0367000
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0353956
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0905
IRS990/DeferredRevenueGrp/EOYAmt0939
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt079543
IRS990/DepreciationDepletionGrp/TotalAmt079543
IRS990/Desc0TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0367000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09549
IRS990/FeesForServicesAccountingGrp/TotalAmt09549
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt033748
IRS990/FeesForServicesManagementGrp/TotalAmt033748
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1527540
IRS990/Form990PartVIISectionAGrp/PersonNm0ALFRED ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDREW PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm2BETSY ANNESE
IRS990/Form990PartVIISectionAGrp/PersonNm3JEMMISE BOWEN
IRS990/Form990PartVIISectionAGrp/PersonNm4KELLY CASON
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm7ART GIBEL
IRS990/Form990PartVIISectionAGrp/PersonNm8KATHY STITTS
IRS990/Form990PartVIISectionAGrp/PersonNm9ARTHUR DARK
IRS990/Form990PartVIISectionAGrp/PersonNm10FELICIA BRINSON
IRS990/Form990PartVIISectionAGrp/PersonNm11VIVIAN PEREZ CHANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm12ARTHUR KING
IRS990/Form990PartVIISectionAGrp/PersonNm13EVELYN SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm14LARRY WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm15KEVIN CHESHIRE
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15208085
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14OUTGOING SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0353956
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt020659
IRS990/InsuranceGrp/TotalAmt020659
IRS990/InterestGrp/ProgramServicesAmt070591
IRS990/InterestGrp/TotalAmt070591
IRS990/InvestmentIncomeGrp/ExclusionAmt013
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02424694
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02869985
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02890486
IRS990/LandBldgEquipCostOrOtherBssAmt05315180
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IN CONJUNCTION WITH THE HOUSING AUTHORITY OF WINSTON-SALEM, TO FACILITATE THE ORGANIZATION AND ADMINISTRATION OF INNOVATIVE PROJECTS TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02281333
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02228021
IRS990/NetAssetsOrFundBalancesBOYAmt0531755
IRS990/NetAssetsOrFundBalancesEOYAmt0606533
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0531755
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0606533
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt03419
IRS990/OfficeExpensesGrp/TotalAmt03419
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010252
IRS990/OtherAssetsTotalGrp/EOYAmt014968
IRS990/OtherChangesInNetAssetsAmt087822
IRS990/OtherExpensesGrp/Desc0HAWS EMPLOYEE SALARIES
IRS990/OtherExpensesGrp/Desc1CONTRACT COSTS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3HAWS EMPLOYEE BENEFITS
IRS990/OtherExpensesGrp/ProgramServicesAmt039505
IRS990/OtherExpensesGrp/ProgramServicesAmt139230
IRS990/OtherExpensesGrp/ProgramServicesAmt228947
IRS990/OtherExpensesGrp/ProgramServicesAmt319521
IRS990/OtherExpensesGrp/TotalAmt039505
IRS990/OtherExpensesGrp/TotalAmt139230
IRS990/OtherExpensesGrp/TotalAmt228947
IRS990/OtherExpensesGrp/TotalAmt319521
IRS990/OtherLiabilitiesGrp/BOYAmt093110
IRS990/OtherLiabilitiesGrp/EOYAmt0113632
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05539
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06446
IRS990/PrincipalOfficerNm0KEVIN CHESHIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0353943
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0353943
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0110
IRS990/PYOtherExpensesAmt0370258
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0362342
IRS990/PYRevenuesLessExpensesAmt0-7806
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0370258
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0362452
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-13044
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0353943
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566003102
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HAWS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02890486
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02424694
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05315180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0113632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02890486
IRS990ScheduleD/TotalLiabilityAmt0113632
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0208085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN CHESHIRE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0235625
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AFFAIRS OF THE CORPORATION ARE MANAGED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF WINSTON-SALEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 RETURN IS REVIEWED BY THE CFO AND DIRECTOR OF FINANCE. THE INFORMATION IS DISCUSSED WITH THE BOARD AND COPIES OF ALL RETURNS ARE AVAILABLE FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION GOVERNING THE AUTHORITY AND ITS INSTRUMENTALITIES ARE AVAILABLE FOR REVIEW AT THE HOUSING AUTHORITY. THOSE DOCUMENTS ARE ALSO INCLUDED IN OUR ANNUAL PLAN THAT IS POSTED ON HUD'S WEBSITE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES IN NET ASSET 87,822.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING 2017, DRAYTON PINES EXECUTED A PROMISSORY NOTE WITH WELLS FARGO BANK IN THE AMOUNT OF $1,290,556. THE LOAN CARRIES AN INTEREST RATE OF 4.62%. THE LOAN IS SECURED BY A DEED OF TRUST AND MATURES ON OCTOBER 10, 2022. MONTHLY PAYMENTS OF $8,665.34 ARE DUE BEGINNING NOVEMBER 10, 2017. ONLY $1,201,667 OF THESE FUNDS HAVE BEEN RECEIVED AS OF SEPTEMBER 30, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING 2017, DRAYTON PINES EXECUTED A PROMISSORY NOTE WITH THE CITY OF WINSTON-SALEM IN THE AMOUNT OF $500,000. THE LOAN CARRIES AN INTEREST RATE OF 2.0%. THE LOAN IS DEFERRED AT NO INTEREST THROUGH THE FIRST TEN YEARS AFTER THE CONSTRUCTION COMPLETION. THE LOAN IS DUE IN FULL FORTY YEARS AFTER THE CONSTRUCTION COMPLETION DATE. THE ENTIRE LOAN HAS BEEN RECEIVED AS OF SEPTEMBER 30, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING 2017, DRAYTON PINES EXECUTED A PROMISSORY NOTE WITH THE HOUSING AUTHORITY OF WINSTON-SALEM IN THE AMOUNT OF $312,000. THE LOAN CARRIES AN INTEREST RATE OF 0.0%. THE LOAN IS DUE AT THE EARLIEST OF (1) NOVEMBER 5, 2035, (2) THE SALE, CONVEYANCE OR REFINANCING OF THE PROPERTY, OR (3) 18 YEARS AFTER PROJECT COMPLETION. THE ENTIRE LOAN HAS BEEN RECEIVED AS OF SEPTEMBER 30, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DURING 2017, DRAYTON PINES EXECUTED A PROMISSORY NOTE WITH BB&T BANK IN THE AMOUNT OF $240,000. THE LOAN CARRIES AN INTEREST RATE OF 5.540%. THE LOAN IS SECURED BY A DEED OF TRUST AND MATURES ON SEPTEMBER 27, 2028. MONTHLY PAYMENTS OF $1,667.41 ARE DUE BEGINNING OCTOBER 27, 2018. ONLY $214,354 OF THESE FUNDS HAVE BEEN RECEIVED AS OF SEPTEMBER 30, 2021.
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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART X, LINE 23
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X, LINE 23
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART X, LINE 23
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART X, LINE 23
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0830453732
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROP ACQ & DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0FORSYTH REAL ESTATE DEVELOPMENT LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0159614
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt037733
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0500 W 4TH STREET SUITE 300
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0WINSTONSALEM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd027101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings