2024-09-17T11:30:14-04:00 2023-09-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-10-01 581327162 COVENANT HOMES INCORPORATED COVE 2524432323 135 COVENANT COURT ROCKY MOUNT NC 27804 NANCY RICHARDSON PRESIDENT 2524432323 2024-09-13 false AARON PATEL CPA P00963410 7044993893 2024-09-13 2022 2024-08-08 14:25:15Z NANCY RICHARDSON 135 COVENANT COURT ROCKY MOUNT NC 27804 976741 false X N/A X 1978 NC HOUSING FOR THE ELDERLY AND HANDICAPPED. 11 11 8 0 538798 641957 309678 334727 35 57 0 848511 976741 0 0 180869 211625 0 0 545985 666028 726854 877653 121657 99088 710116 761851 2100148 2052795 -1390032 -1290944 X HOUSING FOR THE ELDERLY AND HANDICAPPED. false false 648268 334727 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. 648268 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 8 true false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false NC X PEGGY TURNER 2524432323 135 COVENANT COURT ROCKY MOUNT NC 27804 X TRICIA VESTAL PRESIDENT 0.25 X X 0 0 0 DEE WHITLEY VICE PRESIDE 0.25 X X 0 0 0 JACK GURGANUS TREASURER 0.25 X X 0 0 0 LAURA DUDLEY SECRETARY 0.25 X X 0 0 0 JOHN ETHERIDGE DIRECTOR 0.25 X 0 0 0 DYLAN CASTELLINO DIRECTOR 0.25 X 0 0 0 JAY QUINAN DIRECTOR 0.25 X 0 0 0 JOHN FEAGANS DIRECTOR 0.25 X 0 0 0 ANN MOSLEY DIRECTOR 0.25 X 0 0 0 TOM STEED DIRECTOR 0.25 X 0 0 0 JOHN TURNAGE DIRECTOR 0.25 X 0 0 0 false false false 629372 12585 641957 RENTAL REVENUE 531110 332302 332302 LAUNDRY AND VENDING 531110 2425 2425 334727 57 57 976741 334727 57 X 158497 48275 110222 32978 32978 20150 5642 14508 51442 51442 341182 341182 40028 40028 26291 26291 6444 6444 65698 65698 52499 52499 50862 50862 TRASH REMOVAL 10287 10287 SUPPLIES 8246 8246 MISCELLANEOUS ADMIN EXP 6741 6741 LEASE EXPENSE 5084 5084 1224 1224 877653 648268 229385 0 9398 35886 6056 8003 3453709 2918513 511052 535196 183610 182766 710116 761851 108847 113487 1961586 1908591 29715 30717 2100148 2052795 X -1390032 -1290944 -1390032 -1290944 710116 761851 99088 X false true X true true true X 106660 314622 377400 471578 641957 1912217 578201 288633 295873 309678 334727 1807112 684861 603255 673273 781256 976684 3719329 3719329 63 53 36 35 57 244 63 53 36 35 57 244 684924 603308 673309 781291 976741 3719573 0.99990 0.99980 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100388 100388 3072880 2701475 371405 117000 64105 52895 163441 152933 10508 535196 REPLACEMENT RESERVE 100114 ESCROW DEPOSITS 50125 TENANT DEPOSITS 30717 RESIDUAL RECEIPTS 1810 182766 TENANT DEPOSITS HELD IN TRUST 30717 30717 X 976741 976741 976741 877653 877653 877653 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AN ENTITY MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE THE ORGANIZATION TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION FILES A TAX RETURN ANNUALLY FOR INFORMATIONAL PURPOSES ONLY. THE ORGANIZATION IS SUBJECT TO ROUTINE EXAMINATIONS BY TAX AUTHORITIES. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S TAX YEARS ENDED AFTER 2020 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS FOR ANY TAX PERIODS. FORM 990, PAGE 2, PART III, LINE 4D PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 IN ITS ENTIRETY BEFORE THE FILING DEADLINE. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ON FORM 2530. FORM 990, PAGE 6, PART VI, LINE 15A RECOMMENDATIONS COME FROM THE BOARD PAY AND COMPENSATION COMMITTEE AND MUST BE APPROVED BY ALL MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS,POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE IN ROCKY MOUNT, NC. FORM 990, PART IX, LINE 11G SERVICE COORDINATOR EXPENSE 162,861 0 0 CONTRACTS 173,162 0 0 SECURITY CONTRACT 5,159 0 0 TOTAL 341,182 0 0