philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Millbrook Homes INC FY2022 filing

Tax-deductible

Winstonsalem, NC501(c)(3)HousingEIN 56-1983872Revenue $857K in FY2022

On file with the IRSnchsm.org2585 W Clemmonsville Rd Suite 102, 27127-8704 · Winstonsalem, NCTax-exempt since Dec 1996Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

Own and operate a 144 unit apartment complex for low income individuals under section 236 of the national housing act of 1959.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$347K
21% of total assets
Looks good: liabilities are 21% 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
$857K
+4% vs prior year
Spent
$837K
To programs
99%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$857K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$823K
FY2021$820K
FY2022$857K
FY2023$862K
FY2024$862K
FY2025$889K
Expenses
$837K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$847K
FY2021$902K
FY2022$837K
FY2023$839K
FY2024$861K
FY2025$866K
Net assets
$1.3M
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1996.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $828K Management & general 1% · $10K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Mallory Oates
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Gary Merritt
Director
$0Pt VII · Sec A
Tammy Vernon
Treasurer
$0Pt VII · Sec A
See Millbrook Homes INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 affordable housing for low-income individuals in a 144-unit apartment complex.

Questions for Millbrook Homes INC

Tap to ask. Millbrook Homes INC sees how many people are interested.

Your first name shows with your question. Millbrook Homes INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $828K · in their own filed words · FY2021
01

Operating a 144 unit apartment complex for low income individuals under section 236 of the U.S. Housing act of 1959.

$828Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$857K
Ln 12
Fees for servicesLn 2g$809K
Gifts and grantsLn 1h$48K
Investment incomeLn 3$41
Money outPt IX
$837K
Ln 25
Programscol B$828K
Managementcol C$10K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$649K
Total assetsLn 16$1.6M
LiabilitiesLn 26$347K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$48K
Fees for servicesLn 2g$809K
Investment incomeLn 3$41
Total revenueLn 12$857K
Assets in detailPt X, end of year
CashLn 1$229K
SavingsLn 2$419K
Cash and savings togetherLn 1–2$649K
Land, buildings, equipmentLn 10c$959K
Other assetsLn 15$22K
Total assetsLn 16$1.6M
LiabilitiesLn 26$347K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$541K$649K
Land, buildings, equipmentLn 10c$1.1M$959K
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$377K$347K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$87K$87K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$21K$21K
OccupancyLn 16$59K$59K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$148K$148K
InsuranceLn 23$77K$77K
Other expenses (24a–d)Ln 24$341K$341K
All other expensesLn 24e$94K$91K$3K
Total functional expensesLn 25$837K$828K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $889K$866K$24K$1.3M 990 PDF
FY2024 $862K$861K$1K$1.3M 990 PDF
FY2023 $862K$839K$22K$1.3M 990 PDF
FY2022 Viewing $857K$837K$19K$1.3M 990 PDF
FY2021 $820K$902K−$82K$1.3M 990 PDF
FY2020 $823K$847K−$25K$1.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $856,890 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,162$47,684
I-9 Program service revenuePrior year $778,019$809,165
I-10 Investment incomePrior year −$6,999$41
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $820,182$856,890
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $902,081$837,481
I-18 Total expensesPrior year $902,081$837,481
I-19 Revenue less expensesPrior year −$81,899$19,409
Part VI · Governance 3 of 3 board members independent, 3 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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $856,890 across 5 lines filed
VIII-1e Government grants$47,684
VIII-1h Total contributions, gifts and grants$47,684
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $809,165$809,165
VIII-3 Investment incomeExcluded from tax $41$41
VIII-12 Total revenueRelated to mission $809,165 · Unrelated business $0 · Excluded from tax $41$856,890
Part IX · Statement of functional expenses $837,481 across 10 lines filed
IX-11a Management feesPrograms $87,288$87,288
IX-11b Legal feesPrograms $2,271$2,271
IX-11c Accounting feesManagement $7,038$7,038
IX-13 Office expensesPrograms $20,750$20,750
IX-16 OccupancyPrograms $58,558$58,558
IX-20 InterestPrograms $2,173$2,173
IX-22 Depreciation, depletion and amortizationPrograms $147,613$147,613
IX-23 InsurancePrograms $76,594$76,594
IX-24 Other expenses (24a–d)Programs $340,952$340,952
IX-24e All other expensesPrograms $91,380 · Management $2,864$94,244
IX-25 Total functional expensesPrograms $827,579 · Management $9,902 · Fundraising $0$837,481
Part X · Balance sheet $1,646,659 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $164,793$229,293
X-2 Savings and temporary cash investmentsStart of year $375,976$419,214
X-4 Accounts receivableStart of year $19,519$15,087
X-9 Prepaid expenses and deferred chargesStart of year $1,505$1,736
X-10c Land, buildings and equipment, netStart of year $1,073,141$958,901
X-15 Other assetsStart of year $22,560$22,428
X-16 Total assetsStart of year $1,657,494$1,646,659
X-17 Accounts payable and accrued expensesStart of year $39,236$41,004
X-19 Deferred revenueStart of year $15,335$14,370
X-24 Unsecured notes and loans payableStart of year $65,703$65,703
X-25 Other liabilitiesStart of year $22,555$22,421
X-26 Total liabilitiesStart of year $376,869$346,625
X-27 Net assets without donor restrictionsStart of year $1,280,625$1,300,034
X-32 Total net assets or fund balancesStart of year $1,280,625$1,300,034
X-33 Total liabilities and net assetsStart of year $1,657,494$1,646,659
Part XI · Reconciliation of net assets $1,300,034 net assets at year end
XI-1 Total revenue$856,890
XI-2 Total expenses$837,481
XI-3 Revenue less expenses$19,409
XI-4 Net assets at start of year$1,280,625
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,300,034

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.