2025-01-24T11:51:25-05:00 2024-03-31 263670494 RECTOR REEDER & LOFTON PC 623 TOM BREWER ROAD LOGANVILLE GA 300524042 990 2023-04-01 581888268 CAPITOL AREA DEVELOPMENTS INC CAPI 9198318300 900 HAYNES STREET RALEIGH NC 27604 ELIZABETH EDGERTON SECRETARY 9198318300 2025-01-09 true true MICHAEL K OZMENT CPA P01647253 7708798411 2025-01-24 2023 2025-03-06 01:10:19Z ELIZABETH EDGERTON 900 HAYNES STREET RALEIGH NC 27604 5422494 false X N/A X 1984 NC PROVIDES HOUSING TO LOW TO MODERATE INCOME FAMILIES 4 4 0 0 0 4528092 5072620 85181 349874 0 4613273 5422494 0 0 0 0 0 3563198 4255775 3563198 4255775 1050075 1166719 28256102 31890993 4708812 3112838 23547290 28778155 PROVIDES HOUSING TO LOW TO MODERATE INCOME FAMILIES false false 4255775 5072620 PROVIDES DEVELOPMENT SERVICES FOR LOW INCOME HOUSING 4255775 true false false false false false false false false false true false false false true false 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 true true false false false true 0 0 0 false false false false false false false false X 4 4 false false false false false false false true true false false true true false true false false true true true true NC X ELIZABETH EDGERTON 9198318300 900 HAYNES STREET RALEIGH NC 27604 X JOEL WHITLEY BOARD CHAIR X X 0 0 0 HILDA HOLDSCLAW BOARD VICE C X X 0 0 0 ELIZABETH EDGERTON SECRETARY X 0 0 0 JIM FARRELL ASST. SECRET X X 0 0 0 ARNE MORRIS BOARD DIRECT X 0 0 0 TJ BARRINGER BOARD DIRECT X 0 0 0 false false false TENANT CHARGES 5038843 5038843 OTHER INCOME 33777 33777 5072620 349874 349874 5422494 5072620 349874 611768 611768 16474 16474 13330 13330 91 91 479824 479824 232531 232531 3802 3802 132301 132301 1194511 1194511 111715 111715 REPAIRS-MAINTENANCE 1346804 1346804 OTHER GENERAL EXPENSES 70044 70044 BAD DEBTS 24743 24743 TENANT SERVICES 14327 14327 3510 3510 4255775 4255775 0 0 4542714 10339684 10322671 4945370 66794 63784 39735 49546 77501 110642 38772446 22699105 12950306 16073341 29892 29892 226489 278734 28256102 31890993 56763 102324 104991 192291 3441375 1622458 1105683 1195765 4708812 3112838 X 23547290 28778155 23547290 28778155 28256102 31890993 1166719 4064146 X false true X false false X 4460135 4435679 4487633 4528092 5072620 22984159 4460135 4435679 4487633 4528092 5072620 22984159 22984159 144541 37468 3281 85181 349874 620345 144541 37468 3281 85181 349874 620345 4604676 4473147 4490914 4613273 5422494 23604504 0.97370 0.98340 0.03000 0.02000 X 1913276 1913276 36095287 22057671 14037616 763883 641434 122449 16073341 GASB 87 LEASE LIABILITY 472679 TENANT SECURITY DEPOSITS 449520 NON CURRENT ACCRUED EXPENSES 250259 DEFERRED INFLOWS 23307 1195765 5422494 5422494 5422494 4255775 4255775 4255775 FORM 990, PAGE 6, PART VI, LINE 11B COPIES OF THE RETURN ARE PROVIDED TO THE BOARD PRIOR TO FILING. TAX RETURN IS REVIEWED AND APPROVED FOR FILING BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY IS MONITORED BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 15A ORGANIZATION HAS NO EMPLOYEES; HOWEVER, CERTAIN INDIVIDUALS EMPLOYED THROUGH RALEIGH HOUSING AUTHORITY HAVE THEIR SALARY OR A PORTION OF THEIR SALARY EXPENSED TO THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B ORGANIZATION HAS NO EMPLOYEES; HOWEVER, CERTAIN INDIVIDUALS EMPLOYED THROUGH RALEIGH HOUSING AUTHORITY HAVE THEIR SALARY OR A PORTION OF THEIR SALARY EXPENSED TO THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND/OR FORM 4506-A THROUGH WWW.IRS.GOV. FORM 990, PART XI PRIOR PERIOD ADJUSTMENT - THE NONPROFIT ACQUIRED CHAVIS SENIOR HOUSING, LLC. THIS ORGANIZATION WAS PREVIOUSLY REPORTED IN SCHEDULE R AS A RELATED ENTITY. IT NOW HAS BEEN CONSOLIDATED AND INCLUDED IN THIS RETURN. THE PPA IS TO RECOGNIZE THE BEGINNING BALANCE OF NET ASSETS HALIFAX SENIOR HOUSING LLC 900 HAYNES STREET RALEIGH NC 27604 562192169 AFFORD HSG NC CAD INC