Wake County Housing Finance Corporation
- Assets
- $504.9k
- Revenue
- $40.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Zebulon, NC
- Founding
- 02/1983
- Data as of
- 06/2021
- EIN
- 58-1485396
Organization Overview
Wake County Housing Finance Corporation is located in Zebulon, NC. The organization was established in 1983. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Wake County Housing Finance Corporation 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 06/2021, Wake County Housing Finance Corporation generated $40.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $50.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE RENTAL APARTMENTS, HOMES AND HOME REHABILITATION TO LOW INCOME RESIDENTS OF WAKE COUNTY, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RENTAL PROPERTIES TO LOW INCOME RESIDENTS OF WAKE COUNTY, NC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Page Board Chair | OfficerTrustee | 1 | $0 |
Stephanie Williams Vice Chair | OfficerTrustee | 1 | $0 |
John Austin Director | Trustee | 0.75 | $0 |
Jill Smith Director | Trustee | 0.75 | $0 |
Steve Smalto Director | Trustee | 0.75 | $0 |
Devone Young Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,870 |
| Investment income | $240 |
| 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 | $40,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,245 |
| Fees for services: Legal | $3,061 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,116 |
| Insurance | $7,528 |
| All other expenses | $0 |
| Total functional expenses | $50,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,701 |
| Savings and temporary cash investments | $104,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,256 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,880 |
| Accounts payable and accrued expenses | $15,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,800 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $489,080 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbus Housing Initiative Inc Columbus, GA | $18,599,553 | $8,114,029 |
Kingstowne Residential Owners Corporation Alexandria, VA | $8,910,767 | $6,278,825 |
Bent Tree Community Inc Jasper, GA | $11,645,606 | $6,901,322 |
Burke Centre Conservancy Burke, VA | $14,310,013 | $6,077,723 |
Coosawattee River Resort Assn Inc Ellijay, GA | $12,422,312 | $7,039,816 |
Aquia Harbour Property Owners Association Inc Stafford, VA | $11,909,044 | $4,683,038 |
Stone Ridge Association Inc Stone Ridge, VA | $6,806,491 | $4,345,999 |
National Home Infusion Association Alexandria, VA | $2,376,501 | $3,671,992 |
North Carolina Home Builders Association Inc Raleigh, NC | $7,309,205 | $3,801,465 |
Blue Ridge Christian Home Corporation Raphine, VA | $1,069,884 | $2,966,317 |
Arlington Housing Corporation Service Corporation Arlington, VA | $1,494,502 | $3,205,017 |
Wild Dunes Community Association Inc Isle Of Palms, SC | $15,432,626 | $5,396,847 |