Carolina Christian Village Homes Inc
- Assets
- $926.9k
- Revenue
- $306.1k
- Investments
- $0.0
- Employees
- 0
- Location
- King, NC
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 58-1623250
Organization Overview
Carolina Christian Village Homes Inc is located in King, NC. The organization was established in 1985. 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. Carolina Christian Village Homes 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 06/2022, Carolina Christian Village Homes Inc generated $306.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $238.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A HUD-FINANCED SECTION 202 APARTMENT COMPLEX FOR THE LOW INCOME ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry L Merritt President | OfficerTrustee | 0 | $0 |
Phil Holt Secretary/treasurer | OfficerTrustee | 0 | $0 |
David Colter Vice President | OfficerTrustee | 0 | $0 |
Larry Redding Director | Trustee | 0 | $0 |
Horace Graham Director | Trustee | 0 | $0 |
David Stewart Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,702 |
| 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 | $224,702 |
| Total Program Service Revenue | $74,635 |
| Investment income | $217 |
| 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 | $306,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $20,108 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,980 |
| 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 | $8,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,760 |
| Insurance | $14,852 |
| All other expenses | $40,026 |
| Total functional expenses | $238,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,025 |
| Savings and temporary cash investments | $279,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,628 |
| Net Land, buildings, and equipment | $546,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,108 |
| Other assets | $12,850 |
| Total assets | $926,900 |
| Accounts payable and accrued expenses | $20,609 |
| Grants payable | $0 |
| Deferred revenue | $51 |
| 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 | $942,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,430 |
| Total liabilities | $975,142 |
| Net assets without donor restrictions | -$48,242 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $926,900 |
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|---|---|---|
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Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
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Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
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