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Drayton Pines INC FY2021 filing

Tax-deductible

Winston Salem, NC501(c)(3)Since 2017Housing EIN 81-4265588Revenue $354K in FY2021

On file with the IRS500 W 4th St Ste 300, 27101-2789 · Winston Salem, NCTax-exempt since Oct 2021Publicly supported — 509(a)(2)

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In conjunction with the housing authority of winston-salem, to facilitate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $44K a year · 11% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
-2% vs prior year
Spent
$367K
To programs
100%
Net assets
$607K
By yearFY2020–FY2025
Revenue
$354K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$362K
FY2021$354K
FY2022$370K
FY2023$368K
FY2024$477K
FY2025$589K
Expenses
$367K
FY2021▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$370K
FY2021$367K
FY2022$354K
FY2023$376K
FY2024$407K
FY2025$380K
Net assets
$607K
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$532K
FY2021$607K
FY2022$622K
FY2023$614K
FY2024$684K
FY2025$892K

From the FY2021 Form 990 (year ending September 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2020-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $367K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Alfred Adams
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Betsy Annese
Vice Chair
$0Pt VII · Sec A
Jemmise Bowen
Outgoing Director
$0Pt VII · Sec A
Kelly Cason
Outgoing Director
$0Pt VII · Sec A
Thomas Adams
Outgoing Director
$0Pt VII · Sec A
William Rose
Director
$0Pt VII · Sec A
Art Gibel
Director
$0Pt VII · Sec A
See Drayton Pines INC 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

Organizes and administers projects to provide housing and improve the quality of life for low-income individuals.

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Provided by the organization

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1 program · $367K · in their own filed words · FY2020
01

To provide housing for persons of low and moderate income and improve their quality of life.

$367Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$354K
Investment incomeLn 3$13
Money outPt IX
$367K
Ln 25
Programscol B$367K
Owns and owesPt X
$607K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$354K
Investment incomeLn 3$13
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$15K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.3M
Net assetsLn 32$607K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$20K$24K
Land, buildings, equipmentLn 10c$2.9M$2.9M
Total assetsLn 16$2.9M$3.0M
LiabilitiesLn 26$2.4M$2.3M
Net assetsLn 32$532K$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$19$19
Office expensesLn 13$3K$3K
InterestLn 20$71K$71K
Depreciation, depletion and amortizationLn 22$80K$80K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$127K$127K
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$367K$367K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $589K$380K$208K$892K 990 PDF
FY2024 $477K$407K$70K$684K 990 PDF
FY2023 $368K$376K−$8K$614K 990 PDF
FY2022 $370K$354K$15K$622K 990 PDF
FY2021 Viewing $354K$367K−$13K$607K 990 PDF
FY2020 $362K$370K−$8K$532K 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 FY2021 990 (6 parts)
Part I · Summary $353,956 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $362,342$353,943
I-10 Investment incomePrior year $110$13
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $362,452$353,956
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 $370,258$367,000
I-18 Total expensesPrior year $370,258$367,000
I-19 Revenue less expensesPrior year −$7,806−$13,044
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $353,956 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $353,943$353,943
VIII-3 Investment incomeExcluded from tax $13$13
VIII-12 Total revenueRelated to mission $353,943 · Unrelated business $0 · Excluded from tax $13$353,956
Part IX · Statement of functional expenses $367,000 across 9 lines filed
IX-11a Management feesPrograms $33,748$33,748
IX-11c Accounting feesPrograms $9,549$9,549
IX-12 Advertising and promotionPrograms $19$19
IX-13 Office expensesPrograms $3,419$3,419
IX-20 InterestPrograms $70,591$70,591
IX-22 Depreciation, depletion and amortizationPrograms $79,543$79,543
IX-23 InsurancePrograms $20,659$20,659
IX-24 Other expenses (24a–d)Programs $127,203$127,203
IX-24e All other expensesPrograms $22,269$22,269
IX-25 Total functional expensesPrograms $367,000 · Management $0 · Fundraising $0$367,000
Part X · Balance sheet $2,953,395 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $20,010$24,085
X-4 Accounts receivableStart of year $2,259$17,410
X-9 Prepaid expenses and deferred chargesStart of year $5,539$6,446
X-10c Land, buildings and equipment, netStart of year $2,869,985$2,890,486
X-15 Other assetsStart of year $10,252$14,968
X-16 Total assetsStart of year $2,908,045$2,953,395
X-17 Accounts payable and accrued expensesStart of year $942$4,270
X-19 Deferred revenueStart of year $905$939
X-25 Other liabilitiesStart of year $93,110$113,632
X-26 Total liabilitiesStart of year $2,376,290$2,346,862
X-27 Net assets without donor restrictionsStart of year $531,755$606,533
X-32 Total net assets or fund balancesStart of year $531,755$606,533
X-33 Total liabilities and net assetsStart of year $2,908,045$2,953,395
Part XI · Reconciliation of net assets $606,533 net assets at year end
XI-1 Total revenue$353,956
XI-2 Total expenses$367,000
XI-3 Revenue less expenses−$13,044
XI-4 Net assets at start of year$531,755
XI-9 Other changes in net assets$87,822
XI-10 Net assets at end of year$606,533

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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