2024-07-08T11:38:44-05:00 2023-12-31 991781118 EAG AFFORDABLE HOUSING LLC 3595 GRANDVIEW PARKWAY STE 500 BIRMINGHAM AL 35243 990 2023-01-01 561783194 BETTER HOMES FOR NORTH CAROLINA INC C/O WAJ MANAGEMENT BETT 9198478350 PO BOX 17227 RALEIGH NC 27619 A HOBGOOD IV PRESIDENT 9198478350 2024-06-04 1 A HOBGOOD IV 999009999 0 BRIAN SCHUTZ P01670034 2058221010 2024-06-04 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z A HOBGOOD IV PO BOX 17227 RALEIGH NC 27619 61093 0 X N/A X 1992 NC THE DEVELOPMENT OF LOW INCOME HOUSING PROJECTS PROVIDED TO BENEFIT DISADVANTAGED FAMILIES IN EASTERN NORTH CAROLINA. 3 0 1 0 1150 0 0 0 130241 59943 211 1150 0 0 130452 61093 0 0 0 0 5137 5122 0 0 0 51507 21245 56644 26367 73808 34726 196978 362403 362 131061 196616 231342 X THE ENTITY WAS ORGANIZED TO FILL A PERCEIVED VOID IN THE NON-PROFIT HOUSING CORPORATION POPULATION IN NON-METROPOLITAN AREAS OF EASTERN NORTH CAROLINA. PARTICULARLY, SEVERAL CIVIC AND COMMUNITY LEADERS FORMED THE ORGANIZATION AS THEY WERE CONCERNED THAT WHILE THERE ARE GROWING NUMBERS OF OPERATIONAL LOW-INCOME HOUSING NON-PROFIT ORGANIZATIONS IN THE METROPOLITAN AREAS OF EASTERN NORTH CAROLINA, THE PREDOMINANTLY RURAL AREAS, AND SMALL AND MEDIUM SIZE COMMUNITIES JUST OUTSIDE OF THRIVING METROPOLITAN AREAS ARE UNDER-SERVED, BOTH IN AVAILABILITY OF LOW-INCOME HOUSING AND THE EXISTENCE OF VIABLE NON-PROFIT ORGANIZATIONS DEDICATED TO PRODUCING NEW LOW-INCOME HOUSING STOCK. 0 0 5122 59943 LOW INCOME HOUSING PROJECTS ARE PROVIDED TO BENEFIT DISADVANTAGED FAMILIES IN EASTERN NORTH CAROLINA. 5122 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 X ANN LOVE 9198478350 701 EXPOSITION PLACE SUITE 118 RALEIGH NC 27615 THOMASINE KENNEDY VICE PRESIDENT 40.00 X X 7500 0 0 A HOBGOOD IV PRESIDENT 24.00 X X 15000 0 0 MILLAN EDMONDSON SECRETARY 24.00 X X 6000 0 0 28500 0 0 0 0 0 0 0 DEVELOPER FEES 531110 55218 55218 INCOME FROM INVESTMENT 531110 4725 4725 59943 1150 1150 61093 59943 1150 0 4800 4800 322 322 4085 4085 689 689 429 429 128 128 ADMINISTRATIVE EXPENSES 15914 15914 26367 5122 21245 0 28962 159892 -477836 -471961 645852 674472 196978 362403 0 130699 362 362 362 131061 X 196616 231342 196616 231342 196978 362403 34726 0 X 1 X 0 0 0 X 161403 23460 12000 40000 55218 292081 161403 23460 12000 40000 55218 292081 0 0 0 292081 313 175 119 211 1150 1968 313 175 119 211 1150 1968 161716 23635 12119 40211 56368 294049 0.99330 0.99530 0.00670 0.00470 X 0 DUE FROM RELATED PARTIES 674472 674472 WITHHELD TAXES 362 362 61093 0 61093 0 61093 26367 0 26367 0 26367 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST IMMEDIATELY TO THE PRESIDENT. THE POLICY IS REVIEWED ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS REQUIRED TO VOTE TO APPROVE ANY COMPENSATION PAID BY THE ENTITY. THE PRESIDENT'S SALARY IS ONLY PAID IF FUNDS ARE AVAILABLE. ANY UNPAID SALARY IS ONLY PAID IF FUNDS ARE AVAILABLE. ANY UNPAID SALARY IS ACCRUED AND WILL BE PAID ONLY IF THE ORGANIZATION HAS ADDITIONAL FUNDS AVAILABLE TO PAY PRIOR YEAR ACCRUAL. DUE TO THE UNCERTAINTY OF THIS OCCURANCE, NO ACCRUED PAYROLL IS BEING SHOWN ON THE BALANCE SHEET. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. BETTER HOMES FOR CLAYTON LTD 701 EXPOSITION PLACE SUITE 118 RALEIGH NC 27615 561812045 LOW-INCOME HOUSING NC N/A RELATED -3135 708009 0 1 0.99990 BETTER HOMES FOR FAIRMONT LP 701 EXPOSITION PLACE SUITE 118 RALEIGH NC 27615 561812043 LOW-INCOME HOUSING NC N/A RELATED 9010 297881 0 1 0.99990 PINES AT LAKE ROAD MANAGING MEMBER LLC 701 EXPOSITION PLACE SUITE 118 RALEIGH NC 27615 811895574 RENTAL REAL ESTATE NC C -10 65916 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0