Civic Intelligence

Norcross Affordable Housing Corporation

EIN 88-0879370 • 501(c)4 • Gainesville, GA

Profile

To provide affordable housing to the local community.

750 Pearl Nix ParkwayGainesville, GA 30503

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

97th percentile

128%

Faster asset growth than 97% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

30%

Faster revenue growth than 82% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$478,893

Up $268,893 (+128%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$478,893

Up $268,893 (+128%) from 2023

Revenue

Up

$364,156

Up $84,156 (+30%) from 2023

Expenses

Up

$90,263

Up $20,263 (+29%) from 2023

Net Income

Up

$273,893

Up $63,893 (+30%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2023: $210,000Liabilities 2023: $0Net Assets 2023: $210,0002023Assets 2024: $478,893Liabilities 2024: $0Net Assets 2024: $478,8932024

Highlighted filing

2024

Assets$478,893
Liabilities$0
Net Assets$478,893

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2023: $280,000Expenses 2023: $70,000Net Income 2023: $210,0002023Revenue 2024: $364,156Expenses 2024: $90,263Net Income 2024: $273,8932024

Highlighted filing

2024

Revenue$364,156
Expenses$90,263
Net Income$273,893

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 27, 2025
Return Version
2024v5.2
Gross Receipts
$364,156
Mission and Program Overview

Mission

To provide affordable housing to the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$478,893-
Accounts Receivable$210,000--
Total Assets$210,000$478,893▲ $268,893
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$210,000$478,893▲ $268,893
Total Net Assets Fund Balance$210,000$478,893▲ $268,893
Total Liabilities and Net Assets / Fund Balance$210,000$478,893▲ $268,893
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara BevelsDirector
Don OsbourneDirector
Melissa LeedyDirector
Pam HopperDirector
Gail NewtonSecretary/director
Ranae HeavenTreasurer/director
Beth BrownChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$355,431
Investment Income
$8,725
Other Revenue
$0
Change in Net Assets
$273,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,263
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
Other Expenses$1,000$0$0$1,000
Fees for Services Accounting$0$908$0$908
Office Expenses$0$75$0$75
Total Functional Expenses$89,280$983$0$90,263
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
Subject to proxy tax
No
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
No
Filing and Contact Details

Filer

Filer Name
Norcross Affordable Housing Corporation
EIN
88-0879370
Phone
7705361294
Address
750 PEARL NIX PARKWAY, GAINESVILLE, GA 30503

Signing Officer

Name
Beth Brown
Title
Chief Executive Director
Phone
7705361294
Signed
2025-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Brown
Formed
2022
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
1

Preparer

Firm
Henderson & Pilleteri LLC
Address
200 CHASE PARK SOUTH, BIRMINGHAM, AL 35244
Preparer
Benjamin Pilleteri
Phone
2059820992
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The ceo beth brown and jane smith, finance director of gainesville, ga housing authority, read the draft 990 and supporting schedules provided by the cpa and tied amounts to the organizations accounting records. Any differences were discussed with the cpa to ensure accuracy of the 990 return. All questions and disclosures were verified by the ceo and finance director during their review.

Pt VI, Line 19

The organization will make any governing documents available upon request for a legitimate purpose.

Pt XI

Amount represents a transfer of cash reserves to an affiliated public housing authority for affordable housing/resident support activities in line with the organizations mission.

Raw XML Appendix278 raw XML fields

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

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DIRECTOR
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IRS990/GrantAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/OperateHospitalInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CEO BETH BROWN AND JANE SMITH, FINANCE DIRECTOR OF GAINESVILLE, GA HOUSING AUTHORITY, READ THE DRAFT 990 AND SUPPORTING SCHEDULES PROVIDED BY THE CPA AND TIED AMOUNTS TO THE ORGANIZATIONS ACCOUNTING RECORDS. ANY DIFFERENCES WERE DISCUSSED WITH THE CPA TO ENSURE ACCURACY OF THE 990 RETURN. ALL QUESTIONS AND DISCLOSURES WERE VERIFIED BY THE CEO AND FINANCE DIRECTOR DURING THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WILL MAKE ANY GOVERNING DOCUMENTS AVAILABLE UPON REQUEST FOR A LEGITIMATE PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMOUNT REPRESENTS A TRANSFER OF CASH RESERVES TO AN AFFILIATED PUBLIC HOUSING AUTHORITY FOR AFFORDABLE HOUSING/RESIDENT SUPPORT ACTIVITIES IN LINE WITH THE ORGANIZATIONS MISSION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BENJAMIN PILLETERI
ReturnHeader/ReturnTs02025-08-27T12:43:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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