Chelsey Housing Inc
- Assets
- $280.3k
- Revenue
- $254.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Dunn, NC
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 58-2009517
Organization Overview
Chelsey Housing Inc is located in Dunn, NC. The organization was established in 1992. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Chelsey Housing 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 12/2022, Chelsey Housing Inc generated $254.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $283.1k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REDUCED RENT HOUSING TO ELDERLY & HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELDERLY & HANDICAPPED PERSONS WITH REDUCED RENT HOUSING AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, & PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY HAPPINESS AND USEFULNESS IN LONGER LIVING, 36 UNITS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don G Wellons Pres/director | Trustee | 2 | $0 |
John H Wellons Jr Vp/director | Trustee | 2 | $0 |
Kathy H Kennedy Sec/treas/director | Trustee | 2 | $0 |
Leigh Anna W Thompson Asst Sec/director | Trustee | 2 | $0 |
Sylvia W Craft Director | Trustee | 2 | $0 |
Gene T Jernigan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $254,286 |
| Investment income | $108 |
| 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 | $254,394 |
| 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 | $63,785 |
| Pension plan accruals and contributions | $1,124 |
| Other employee benefits | $16,768 |
| Payroll taxes | $4,498 |
| Fees for services: Management | $58,246 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,492 |
| Office expenses | $5,284 |
| Information technology | $869 |
| Royalties | $0 |
| Occupancy | $5,502 |
| Travel | $169 |
| 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 | $14,591 |
| Insurance | $11,585 |
| All other expenses | $0 |
| Total functional expenses | $283,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,276 |
| 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 | $14,216 |
| Net Land, buildings, and equipment | $141,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,676 |
| Total assets | $280,257 |
| Accounts payable and accrued expenses | $16,402 |
| 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 | $1,670,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,564 |
| Total liabilities | $1,698,666 |
| Net assets without donor restrictions | -$1,418,409 |
| 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 | $280,257 |