Twin Rivers Opportunities Inc

Organization Overview

Twin Rivers Opportunities Inc is located in New Bern, NC. The organization was established in 1969. 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. As of 09/2022, Twin Rivers Opportunities Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Rivers Opportunities 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 09/2022, Twin Rivers Opportunities Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $6.1m during the year ending 09/2022. While expenses have increased by 3.8% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HOUSING FOR LOW-INCOME POPULATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SECTION 8 VOUCHER PROGRAM - PROVIDE RENT SUBSIDIES TO LOW-INCOME FAMILIES WHO ARE ELIGIBLE IN ACCORDANCE WITH HUD PROGRAM GUIDELINES.


OTHER PROGRAMS AND FUNDS - GENERAL EXPENSES RELATED TO THE AGENCY'S OVERALL MISSION TO PROVIDE HOUSING FOR LOW-INCOME POPULATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Cynthia Dixon
Executive Di
$100,242
Denise Godette
Treasurer
$0
Teresa Brown
Board Member
$0
Norma Sermon-Boyd
Secretary
$0
Marshall Williams
Vice-Chairma
$0
Gerald Wingate
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,831,748
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$5,831,748
Total Program Service Revenue$0
Investment income $548
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,873,122

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