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Triangle Housing Development Corporation

Tax-deductible

Smithfield, NC501(c)(3)Housing EIN 56-1052823Revenue $128K in FY2024

On file with the IRS1363 W Market St, 27577-3340 · Smithfield, NCTax-exempt since Jul 1974Publicly supported — 509(a)(2)

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The exempt purpose is to provide Housing to low income elderly or handicapped individuals. The subsidized rentals from the dept of Housing and urban Development and rural Development make this possible.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $11K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $86K in investments, Pt X · Ln 11–13
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$128K
+7% vs prior year
Spent
$134K
To programs
89%
Net assets
$115K
By yearFY2020–FY2024
Revenue
$128K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$116K
FY2021$119K
FY2022$121K
FY2023$120K
FY2024$128K
Expenses
$134K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$109K
FY2021$104K
FY2022$88K
FY2023$113K
FY2024$134K
Net assets
$115K
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$66K
FY2021$81K
FY2022$115K
FY2023$121K
FY2024$115K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $119K Management & general 11% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Lee Byrd
Sec./Treas.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Triangle Housing Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides subsidized housing for low-income elderly or handicapped individuals.

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Provided by the organization

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1 program · $119K · in their own filed words · FY2024
01

The exempt purpose is to provide housing to low income elderly or handicapped individuals. The subsidized rentals from the dept of housing and urban development and rural development make this possible.

$119Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$128K
Ln 12
Fees for servicesLn 2g$69K
Gifts and grantsLn 1h$58K
Investment incomeLn 3$1K
Money outPt IX
$134K
Ln 25
Programscol B$119K
Managementcol C$15K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$159K
LiabilitiesLn 26$44K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Government grantsLn 1e$58K
Fees for servicesLn 2g$69K
Investment incomeLn 3$1K
Total revenueLn 12$128K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$48K
InvestmentsLn 11–13$86K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$159K
LiabilitiesLn 26$44K
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$68K$48K
InvestmentsLn 11–13$86K$86K
Land, buildings, equipmentLn 10c$28K$21K
Total assetsLn 16$184K$159K
LiabilitiesLn 26$63K$44K
Net assetsLn 32$121K$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$15K$15K
Other fees for servicesLn 11g$15K$15K
OccupancyLn 16$29K$29K
InterestLn 20$57$57
Depreciation, depletion and amortizationLn 22$6K$6K
Other expenses (24a–d)Ln 24$66K$66K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$134K$119K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $128K$134K−$6K$115K 990 PDF
FY2023 $120K$113K$6K$121K 990 PDF
FY2022 $121K$88K$34K$115K 990 PDF
FY2021 $119K$104K$15K$81K 990 PDF
FY2020 $116K$109K$7K$66K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $127,950 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,644$58,062
I-9 Program service revenuePrior year $66,268$68,877
I-10 Investment incomePrior year $762$1,011
I-11 Other revenue$0
I-12 Total revenuePrior year $119,674$127,950
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,368$134,359
I-18 Total expensesPrior year $113,368$134,359
I-19 Revenue less expensesPrior year $6,306−$6,409
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $127,950 across 5 lines filed
VIII-1e Government grants$58,062
VIII-1h Total contributions, gifts and grants$58,062
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,877$68,877
VIII-3 Investment incomeExcluded from tax $1,011$1,011
VIII-12 Total revenueRelated to mission $68,877 · Excluded from tax $1,011$127,950
Part IX · Statement of functional expenses $134,359 across 7 lines filed
IX-11a Management feesManagement $15,390$15,390
IX-11g Other fees for servicesPrograms $15,182$15,182
IX-16 OccupancyPrograms $29,089$29,089
IX-20 InterestPrograms $57$57
IX-22 Depreciation, depletion and amortizationPrograms $6,278$6,278
IX-24 Other expenses (24a–d)Programs $65,774$65,774
IX-24e All other expensesPrograms $2,589$2,589
IX-25 Total functional expensesPrograms $118,969 · Management $15,390 · Fundraising $0$134,359
Part X · Balance sheet $159,131 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $60,612$41,084
X-2 Savings and temporary cash investmentsStart of year $7,234$7,170
X-4 Accounts receivableStart of year $3,031$3,711
X-10c Land, buildings and equipment, netStart of year $27,671$21,393
X-13 Program-related investmentsStart of year $85,509$85,773
X-16 Total assetsStart of year $184,057$159,131
X-17 Accounts payable and accrued expensesStart of year $19,378$6,817
X-25 Other liabilitiesStart of year $7,234$7,170
X-26 Total liabilitiesStart of year $62,610$44,093
X-32 Total net assets or fund balancesStart of year $121,447$115,038
X-33 Total liabilities and net assetsStart of year $184,057$159,131
Part XI · Reconciliation of net assets $115,038 net assets at year end
XI-1 Total revenue$127,950
XI-2 Total expenses$134,359
XI-3 Revenue less expenses−$6,409
XI-4 Net assets at start of year$121,447
XI-10 Net assets at end of year$115,038

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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