2024-07-29T23:48:10-05:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 561778751 WESLEYAN HOMES II OF TROY INC WESL 9105722218 1368 NC HIGHWAY 134 NORTH TROY NC 27371 RICHARD HINSON BOARD CHAIR 9105722218 2024-07-26 1 0 OLGA OGANESOV P01279668 3362944494 2024-07-26 2023 2024-08-08 14:25:15Z RICHARD HINSON 1368 NC HIGHWAY 134 NORTH TROY NC 27371 229705 0 X N/A X 1992 NC TO PROVIDE HOUSING FOR INDIVIDUALS WITH LOW AND MODERATE INCOME. 7 7 0 7 0 0 120685 122604 94950 104213 1095 2888 0 0 216730 229705 0 0 0 0 0 0 0 0 0 128923 161307 128923 161307 87807 68398 465471 490338 841267 797736 -375796 -307398 TO PROVIDE HOUSING FOR INDIVIDUALS WITH LOW AND MODERATE INCOME. 0 0 154467 104213 TO OPERATE A 30-UNIT APARTMENT COMPLEX FOR LOW AND MODERATE INCOME INDIVIDUALS PURSUANT TO SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED, WHICH PROVIDES FOR INTEREST AND RENT SUBSIDIES. THE PROJECT IS LOCATED IN TROY, NORTH CAROLINA AND IS REGULATED BY USDA RURAL DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. 154467 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 0 0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X PARTNERSHIP PROPERTY MANAGEMENT 3365442300 PO BOX 26405 GREENSBORO NC 27404 X RICHARD HINSON BOARD CHAIR 1.00 X X 0 0 0 AMY VUNCANNON SECRETARY 1.00 X X 0 0 0 ERIC M ALLEN DIRECTOR 1.00 X 0 0 0 MARK HARRIS DIRECTOR 1.00 X 0 0 0 BRADLEY HAYNES DIRECTOR 1.00 X 0 0 0 EDWARD LINDSEY DIRECTOR 1.00 X 0 0 0 SHARON PIGFORD DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 122604 122604 RENTAL INCOME 531110 103250 103250 TENANT CHARGES 531110 963 963 104213 2888 2888 229705 104213 0 2888 27360 27360 4800 4800 75 75 4437 4437 8690 8690 5101 5101 435 435 REPAIRS AND MAINTENANCE 76192 76192 PAYROLL REIMBURSEMENT 32076 32076 MISC ADMIN EXPENSES 2040 2040 BAD DEBT 101 101 161307 154467 6840 0 41486 38122 233362 269826 9884 6 3247 3993 1271259 1098668 171492 172591 6000 5800 465471 490338 1423 832 1092 2719 832752 788385 6000 5800 841267 797736 X -375796 -307398 -375796 -307398 465471 490338 68398 0 X 0 1 X 0 1 1 X 107682 110694 125351 120685 122604 587016 87985 93436 89786 94950 104213 470370 195667 204130 215137 215635 226817 1057386 0 0 0 1057386 975 860 442 1095 2888 6260 975 860 442 1095 2888 6260 196642 204990 215579 216730 229705 1063646 0.99410 0.99620 0.00590 0.00380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67300 67300 951737 864467 87270 252222 234201 18021 172591 TENANT SECURITY DEPOSITS 5800 5800 X 229705 0 229705 0 229705 161307 0 161307 0 161307 PART X, LINE 2: IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO PARTNERSHIP PROPERTY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY AN OFFICER OF THE ORGANIZATION BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, COPY OF FORM 990, AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. WESLEYAN HOMES OF TROY INC 1368 NC HIGHWAY 134 NORTH TROY NC 27371 581521578 AFFORDABLE HOUSING NC 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0