Macgregor Housing Development Corporation: FY2020 Nonprofit Profile & Form 990 (EIN 56-2237995)

Revenue by fiscal year
FY2020	$197K
FY2021	$231K
FY2022	$182K
FY2023	$213K
FY2024	$220K

Expenses by fiscal year
FY2020	$223K
FY2021	$239K
FY2022	$222K
FY2023	$205K
FY2024	$241K

Net assets by fiscal year
FY2020	−$760K
FY2021	−$768K
FY2022	−$809K
FY2023	−$801K
FY2024	−$822K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2003.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

22%

Program services 78% · $174K Management & general 22% · $50K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation

Mia Bailey

Director

$0Pt VII · Sec A

Elizabeth Voltz

Chair

$0Pt VII · Sec A

John Bryson

Vice Chair

$0Pt VII · Sec A

Malcolm Lewis

Director

$0Pt VII · Sec A

Tyler Craft

Director

$0Pt VII · Sec A

Natalie Britt

Vice President

$0Pt VII · Sec A

Sharon Lorden

Vice President

$0Pt VII · Sec A

Yolanda Winstead

President

$0Pt VII · Sec A

See Macgregor 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 15aYes

Programs and updates

Builds and manages affordable housing for low-income residents in Pitt County, NC.

Provided by the organization

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1 program · $174K · in their own filed words · FY2020

01

The organization provides apartments to low-income households in pitt county with preference to victims of hurricane floyd.

$174Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$197K

Ln 12

Fees for servicesLn 2g$196K

Investment incomeLn 3$2K

Money outPt IX

$223K

Ln 25

Programscol B$174K

Managementcol C$50K

Owns and owesPt X

−$760K

net assets · Ln 32

Cash and savingsLn 1–2$242K

Total assetsLn 16$1.4M

LiabilitiesLn 26$2.1M

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$196K

Investment incomeLn 3$2K

Total revenueLn 12$197K

Assets in detailPt X, end of year

CashLn 1$163K

SavingsLn 2$78K

Cash and savings togetherLn 1–2$242K

Land, buildings, equipmentLn 10c$1.1M

Total assetsLn 16$1.4M

LiabilitiesLn 26$2.1M

Net assetsLn 32−$760K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$214K	$242K
Land, buildings, equipmentLn 10c	$1.2M	$1.1M
Total assetsLn 16	$1.4M	$1.4M
LiabilitiesLn 26	$2.1M	$2.1M
Net assetsLn 32	−$734K	−$760K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$26K		$26K
Other employee benefitsLn 9	$5K		$5K
Payroll taxesLn 10	$3K		$3K
Management feesLn 11a	$30K	$30K
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$5K		$5K
Advertising and promotionLn 12	$10		$10
Office expensesLn 13	$2K		$2K
OccupancyLn 16	$78K	$78K
InterestLn 20	$2K	$2K
Depreciation, depletion and amortizationLn 22	$55K	$55K
Other expenses (24a–d)Ln 24	$15K	$9K	$6K
All other expensesLn 24e	$585	$585
Total functional expensesLn 25	$223K	$174K	$50K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$220K	$241K	−$21K	−$822K	990 PDF
FY2023	$213K	$205K	$8K	−$801K	990 PDF
FY2022	$182K	$222K	−$40K	−$809K	990 PDF
FY2021	$231K	$239K	−$9K	−$768K	990 PDF
FY2020 Viewing	$197K	$223K	−$26K	−$760K	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

See the full FY2020 990 (6 parts)

Part I · Summary $197,226 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $187,041$195,536

I-10 Investment incomePrior year $1,311$1,690

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $188,352$197,226

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 $30,724$35,082

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $193,065$188,397

I-18 Total expensesPrior year $223,789$223,479

I-19 Revenue less expensesPrior year −$35,437−$26,253

Part VI · Governance 0 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members0

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $197,226 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $195,536$195,536

VIII-3 Investment incomeExcluded from tax $1,690$1,690

VIII-12 Total revenueRelated to mission $195,536 · Unrelated business $0 · Excluded from tax $1,690$197,226

Part IX · Statement of functional expenses $223,479 across 13 lines filed

IX-7 Other salaries and wagesManagement $26,354$26,354

IX-9 Other employee benefitsManagement $5,357$5,357

IX-10 Payroll taxesManagement $3,371$3,371

IX-11a Management feesPrograms $29,736$29,736

IX-11b Legal feesManagement $1,185$1,185

IX-11c Accounting feesManagement $5,190$5,190

IX-12 Advertising and promotionManagement $10$10

IX-13 Office expensesManagement $2,399$2,399

IX-16 OccupancyPrograms $77,508$77,508

IX-20 InterestPrograms $1,789$1,789

IX-22 Depreciation, depletion and amortizationPrograms $54,887$54,887

IX-24 Other expenses (24a–d)Programs $9,460 · Management $5,648$15,108

IX-24e All other expensesPrograms $585$585

IX-25 Total functional expensesPrograms $173,965 · Management $49,514 · Fundraising $0$223,479

Part X · Balance sheet $1,388,826 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $154,220$163,175

X-2 Savings and temporary cash investmentsStart of year $59,781$78,372

X-4 Accounts receivableStart of year $1,382$2,061

X-9 Prepaid expenses and deferred chargesStart of year $5,147$5,150

X-10c Land, buildings and equipment, netStart of year $1,194,955$1,140,068

X-16 Total assetsStart of year $1,415,485$1,388,826

X-17 Accounts payable and accrued expensesStart of year $29,824$39,917

X-25 Other liabilitiesStart of year $14,155$14,304

X-26 Total liabilitiesStart of year $2,148,987$2,148,581

X-27 Net assets without donor restrictionsStart of year −$733,502−$759,755

X-32 Total net assets or fund balancesStart of year −$733,502−$759,755

X-33 Total liabilities and net assetsStart of year $1,415,485$1,388,826

Part XI · Reconciliation of net assets −$759,755 net assets at year end

XI-1 Total revenue$197,226

XI-2 Total expenses$223,479

XI-3 Revenue less expenses−$26,253

XI-4 Net assets at start of year−$733,502

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$759,755

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Macgregor Housing Development Corporation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV