Apartments At Orchard View Inc

Organization Overview

Apartments At Orchard View Inc is located in Franklin, NC. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apartments At Orchard View Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Apartments At Orchard View Inc generated $276.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $321.2k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE APARTMENTS AT ORCHARD VIEW INC, A NORTH CAROLINA NOT FOR PROFIT CORPORATION, WAS ORGANIZED TO OWN AND OPERATE A 48 UNIT APARTMENT PROJECT FOR LOW INCOME FAMILIES KNOWN AS ORCHARD VIEW APARTMENTS (THE COMMUNITY) LOCATED IN FRANKLIN NORTH CAROLINA. THE UNITS WERE ELIGIBLE AND QUALIFIED FOR LOW INCOME HOUSING TAX CREDITS IN ACCORDANCE WITH SECTION 42 OF THE INTERNAL REVENUE CODE AS ENACTED BY THE TAX REFORM ACT OF 1986.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE APARTMENTS AT ORCHARD VIEW INC, A NORTH CAROLINA NOT FOR PROFIT CORPORATION, WAS ORGANIZED TO OWN AND OPERATE A 48 UNIT APARTMENT PROJECT FOR LOW INCOME FAMILIES KNOWN AS ORCHARD VIEW APARTMENTS (THE COMMUNITY) LOCATED IN FRANKLIN NORTH CAROLINA. THE UNITS WERE ELIGIBLE AND QUALIFIED FOR LOW INCOME HOUSING TAX CREDITS IN ACCORDANCE WITH SECTION 42 OF THE INTERNAL REVENUE CODE AS ENACTED BY THE TAX REFORM ACT OF 1986.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Betancourt
Chair Person
$0
Mark West
Vice Chair
$0
D'anne Maddox
Secretary Treasurer
$0
Bobby Sanders
Director
$0
Bob Scott
Director
$0
Dick Schmidt
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $69,329
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$69,329
Total Program Service Revenue$205,963
Investment income $3,674
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12,070
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $276,152

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