Royal Heights Housing Inc
- Assets
- $380.4k
- Revenue
- $301.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dunn, NC
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 58-2085893
Organization Overview
Royal Heights Housing Inc is located in Dunn, NC. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Heights Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Royal Heights Housing Inc generated $301.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $329.8k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REDUCED RENT HOUSING FOR ELDERLY AND HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELDERLY & HANDICAPPED PERSONS WITH REDUCED RENT HOUSING & SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS & TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS & USEFULNESS IN LONGER LIVING. 40 UNITS PROVIDED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don G Wellons Pres/director | Trustee | 2 | $0 |
John H Wellons Jr Vp/director | Trustee | 2 | $0 |
Kathy H Kennedy Sec/treas/director | Trustee | 2 | $0 |
Leigh Anna Wellons Thompson Asst Sec/director | Trustee | 2 | $0 |
Sylvia W Craft Director | Trustee | 2 | $0 |
Gene T Jernigan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $301,809 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,612 |
| Payroll taxes | $3,237 |
| Fees for services: Management | $31,213 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,504 |
| Office expenses | $7,182 |
| Information technology | $1,256 |
| Royalties | $0 |
| Occupancy | $13,151 |
| Travel | $659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,057 |
| Insurance | $13,022 |
| All other expenses | $0 |
| Total functional expenses | $329,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,689 |
| Net Land, buildings, and equipment | $218,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,172 |
| Total assets | $380,449 |
| Accounts payable and accrued expenses | $34,335 |
| Grants payable | $0 |
| Deferred revenue | $5 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,224,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,785 |
| Total liabilities | $2,270,225 |
| Net assets without donor restrictions | -$1,889,776 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $380,449 |