Macgregor Housing Development Corporation: FY2022 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

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $193K Management & general 13% · $29K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation

Gordon Grubb

Director

$0Pt VII · Sec A

Jordan Maness

Director

$0Pt VII · Sec A

Tyler Craft

Director

$0Pt VII · Sec A

Mia Bailey

Chair

$0Pt VII · Sec A

Betsy Rozakis

Vice Chair

$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

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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.

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Provided by the organization

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1 program · $193K · in their own filed words · FY2022

01

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

$193Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$182K

Ln 12

Fees for servicesLn 2g$200K

Investment incomeLn 3$1K

Money outPt IX

$222K

Ln 25

Programscol B$193K

Managementcol C$29K

Owns and owesPt X

−$809K

net assets · Ln 32

Cash and savingsLn 1–2$263K

Total assetsLn 16$1.4M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$200K

Investment incomeLn 3$1K

Gains on assetsLn 7−$19K

Total revenueLn 12$182K

Assets in detailPt X, end of year

CashLn 1$157K

SavingsLn 2$107K

Cash and savings togetherLn 1–2$263K

Land, buildings, equipmentLn 10c$1.1M

Total assetsLn 16$1.4M

LiabilitiesLn 26$2.2M

Net assetsLn 32−$809K

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 FY22	End FY22
Cash and savingsLn 1–2	$277K	$263K
Land, buildings, equipmentLn 10c	$1.1M	$1.1M
Total assetsLn 16	$1.4M	$1.4M
LiabilitiesLn 26	$2.1M	$2.2M
Net assetsLn 32	−$768K	−$809K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$50K	$50K
Other employee benefitsLn 9	$8K	$8K
Payroll taxesLn 10	$3K	$3K
Management feesLn 11a	$19K		$19K
Accounting feesLn 11c	$10K		$10K
Advertising and promotionLn 12	$16	$16
Office expensesLn 13	$2K	$2K
OccupancyLn 16	$59K	$59K
InterestLn 20	$4K	$4K
Depreciation, depletion and amortizationLn 22	$51K	$51K
Other expenses (24a–d)Ln 24	$15K	$15K
Total functional expensesLn 25	$222K	$193K	$29K	$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 Viewing	$182K	$222K	−$40K	−$809K	990 PDF
FY2021	$231K	$239K	−$9K	−$768K	990 PDF
FY2020	$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 FY2022 990 (6 parts)

Part I · Summary $181,682 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $230,337$199,684

I-10 Investment incomePrior year $313−$18,002

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $230,650$181,682

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 $37,620$61,460

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

I-17 Other expensesPrior year $201,739$160,481

I-18 Total expensesPrior year $239,359$221,941

I-19 Revenue less expensesPrior year −$8,709−$40,259

Part VI · Governance 0 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

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 $181,682 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $199,684$199,684

VIII-3 Investment incomeExcluded from tax $1,209$1,209

VIII-7 Net gain or loss on sales of assetsRelated to mission −$19,211−$19,211

VIII-12 Total revenueRelated to mission $180,473 · Unrelated business $0 · Excluded from tax $1,209$181,682

Part IX · Statement of functional expenses $221,941 across 11 lines filed

IX-7 Other salaries and wagesPrograms $49,726$49,726

IX-9 Other employee benefitsPrograms $8,325$8,325

IX-10 Payroll taxesPrograms $3,409$3,409

IX-11a Management feesManagement $19,313$19,313

IX-11c Accounting feesManagement $10,054$10,054

IX-12 Advertising and promotionPrograms $16$16

IX-13 Office expensesPrograms $1,852$1,852

IX-16 OccupancyPrograms $59,376$59,376

IX-20 InterestPrograms $4,271$4,271

IX-22 Depreciation, depletion and amortizationPrograms $50,964$50,964

IX-24 Other expenses (24a–d)Programs $14,635$14,635

IX-25 Total functional expensesPrograms $192,574 · Management $29,367 · Fundraising $0$221,941

Part X · Balance sheet $1,364,626 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $194,630$156,554

X-2 Savings and temporary cash investmentsStart of year $82,543$106,612

X-4 Accounts receivableStart of year $476$713

X-9 Prepaid expenses and deferred chargesStart of year $9,792$1,959

X-10c Land, buildings and equipment, netStart of year $1,085,462$1,098,788

X-16 Total assetsStart of year $1,372,903$1,364,626

X-17 Accounts payable and accrued expensesStart of year $36,034$91,025

X-25 Other liabilitiesStart of year $21,020$15,365

X-26 Total liabilitiesStart of year $2,141,367$2,173,349

X-27 Net assets without donor restrictionsStart of year −$768,464−$808,723

X-32 Total net assets or fund balancesStart of year −$768,464−$808,723

X-33 Total liabilities and net assetsStart of year $1,372,903$1,364,626

Part XI · Reconciliation of net assets −$808,723 net assets at year end

XI-1 Total revenue$181,682

XI-2 Total expenses$221,941

XI-3 Revenue less expenses−$40,259

XI-4 Net assets at start of year−$768,464

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$808,723

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

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Macgregor Housing Development Corporation FY2022 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

Questions for Macgregor Housing Development Corporation

By the numbers

Filing history

Schedules filed Part IV