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Anointed Acres Housing Development

Greensboro, NC · Religious organization · Since 1998

✓ Tax-deductible
Revenue
$378K
+7% vs prior year
Spent
$524K
To programs
73%
Net assets
$2.0M
By yearFY2021–FY2024
Revenue
$378K
FY2024▲ +7%
Revenue by fiscal year
FY2021$346K
FY2023$386K
FY2024$353K
FY2024$378K
Expenses
$524K
FY2024▲ +13%
Expenses by fiscal year
FY2021$418K
FY2023$458K
FY2024$464K
FY2024$524K
Net assets
$2.0M
FY2024▼ -7%
Net assets by fiscal year
FY2021$2.4M
FY2023$2.3M
FY2024$2.1M
FY2024$2.0M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAnointed Acres Housing Development
EINHdr · item D56-2078621
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1951
Year of formationHdr · item L1998
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CGreensboro, NC
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$384K
Management & general27%$139K
Total functional expensesLn 25$524K

Financial health

Is it on solid ground?

Program efficiency
73%
of spending reaches programs▼ -14% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-39%
revenue over expenses, this year▼ -23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.1M
FY2024▼ -6%
Total assets by fiscal year
FY2021$2.5M
FY2023$2.3M
FY2024$2.2M
FY2024$2.1M
Total liabilities
$106K
FY2024▲ +12%
Total liabilities by fiscal year
FY2021$73K
FY2023$81K
FY2024$95K
FY2024$106K
Revenue less expensesPt I · Ln 19−$146K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$948
Total assetsLn 16$2.1M
Total liabilitiesLn 26$106K
Total net assetsLn 32$2.0M
Months of cash on handcomputed0.0

Statement of Revenue

Part VIII
Program service revenue$253K · 67%
Contributions & grants$108K · 28%
Investment income$10K · 3%
Other revenue$7K · 2%
Program service revenue67%$253K
Contributions & grants28%$108K
Investment income3%$10K
Other revenue2%$7K
— government grantsLn 1e$108K
Total revenueLn 12$378K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $948 · Operating expenses/yr $524K
0.0 months
Where the money goes
Program services
Program services $384K · Total expenses $524K
73%
Management & General
Management & general $139K · Total expenses $524K
27%
Fundraising
Fundraising $0 · Total expenses $524K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $108K · Total revenue $378K
28%
Government reliance
Government grants $108K · Total revenue $378K
28%
Earned-income share
Program service revenue $253K · Total revenue $378K
67%
Investment reliance
Investment income $10K · Total revenue $378K
+3%
Program self-sufficiency
Program service revenue $253K · Total expenses $524K
48%
Growth & trend
Revenue growth (YoY)
This year $378K · Prior year $353K
+7%
Revenue CAGR
FY2020 $346K · FY2024 $378K
+2%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $378K · Expenses $524K
-39%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
—
Net-asset ratio
Net assets $2.0M · Total assets $2.1M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sabrina Breedan · Reported title TREASURER · Highest reported compensation $0 · Total expenses $524K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $524K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 27%——
Revenue growth 7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Wayne Holmes
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Roy Young
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Ellen Smith
President
$0Pt VII · Sec A
See Anointed Acres Housing Development executive salaries →

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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides affordable housing and rental assistance to low-income families.

Provided by the organization

This section is blank until Anointed Acres Housing Development claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $384K of program spending, described in the organization's own filed words · FY2024.
01

The not for profit corporation was organized to own and operate a 59-UNIT apartment community in greensboro, north carolina, known as nba anointed acres, pursuant to section 202 of the national housing act as amended.

$384Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $353K$464K-8% 990 PDF
FY2023 $386K$458K+12% 990 PDF
FY2022 Not on file
FY2021 $346K$418K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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