2025-11-11T08:17:38-05:00 2024-12-31 561425237 O DOUGLAS COVINGTON 1031 SUMMIT AVE STE 2E1 GREENSBORO NC 27405 990 2024-01-01 581443036 ST PIUS X HOUSING INC STPI 3367650424 2211 GOLDEN GATE DRIVE GREENSBORO NC 27405 KEVIN M BARTH CHAIRMAN 3367650424 2025-05-13 true false O DOUGLAS COVINGTON P01266208 3362725618 2025-11-06 2024 2025-03-06 01:10:19Z DOLAN MANOR KEVIN M BARTH 1250 REVOLUTION MILL DRIVE SUITE 140 GREENSBORO NC 27405 569459 false X N/A X 1984 NC THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING TWO RENTAL HOUSING PROJECTS (DOLAN MANOR I A 30 UNIT APARTMENT COMMUNITY AND DOLAN MANOR II A 24 UNIT APARTMENT COMMUNITY) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE-PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER ASSISTANCE PAYMENTS CONTRACTS. FINANCING HAS BEEN PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND A SECTION 202 CAPITAL ADVANCE. 3 3 0 0 363619 373500 181245 195441 -21797 -1475 0 523067 567466 0 0 0 0 0 512528 522502 512528 522502 10539 44964 1357041 1380844 2713444 2697389 -1356403 -1316545 X THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING TWO RENTAL HOUSING PROJECTS (DOLAN MANOR I A 30 UNIT APARTMENT COMMUNITY AND DOLAN MANOR II A 24 UNIT APARTMENT COMMUNITY) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE-PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER ASSISTANCE PAYMENTS CONTRACTS. FINANCING HAS BEEN PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND A SECTION 202 CAPITAL ADVANCE. false false 462323 195441 THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING TWO RENTAL HOUSING PROJECTS (DOLAN MANOR I A 30 UNIT APARTMENT COMMUNITY AND DOLAN MANOR II A 24 UNIT APARTMENT COMMUNITY) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE-PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER ASSISTANCE PAYMENTS CONTRACTS. FINANCING HAS BEEN PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND A SECTION 202 CAPITAL ADVANCE. 462323 true true false false false false false false false false true false true false 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 6 0 true 0 false false false false false false false false X 3 3 false true false false false false false true true false false true false false false false false false NC X BEACON MANAGEMENT CORP 3365459000 408 BATTLEGROUND AVENUE GREENSBORO NC 27401 X KEVIN M BARTH CHAIRMAN X X 0 0 0 AMANADA CROMARTIE TREASURER X X 0 0 0 JAY GYURE VICE PRESIDE X X 0 0 0 false false false 373500 373500 APARTMENT COMPLEX 531110 195441 195441 195441 518 518 1993 -1993 -1993 -1993 567466 193448 518 X 41155 41155 18275 18275 749 749 110471 110471 42847 42847 54828 54828 REPAIRS 54692 54692 MANAGERS SALARY 48476 48476 OTHER ELDERLY CARE 41143 41143 PAYROLL 40147 40147 69719 69719 522502 462323 60179 0 46237 46754 247 30 11586 12030 3016510 2113649 938327 902861 284396 345269 60095 57133 16153 16767 1357041 1380844 43894 39212 1237 1610 2589993 2564670 78320 91897 2713444 2697389 X -1356403 -1316545 -1356403 -1316545 1357041 1380844 X 44964 -5106 X false true X true true true X 268571 270239 331253 363619 373500 1607182 268571 270239 331253 363619 373500 1607182 1607182 150 91 147 479 518 1385 1608567 864414 0.99910 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51095 51095 2851383 2001051 850332 36158 34724 1434 36851 36851 41023 41023 902861 RESERVE FOR REPLACEMENTS 132801 DEBT SERVICE ESCROW 104950 RESIDUAL RECEIPTS RESERVE 77653 MORTGAGE ESCROW DEPOSITS 29865 345269 MISCELLANOEUS CURRENT LIABILITIES 70153 SECURITY DEPOSITS 14813 ACCRUED INTEREST PAYABLE 3524 ACCRUED MANAGEMENT FEES 3407 91897 X 567466 567466 567466 527608 5106 5106 522502 522502 SCHEDULE D, PAGE 3, PART X INCOME TAXES: THE PROJECT HAS BEEN CLASSIFIED AS AN OTHER-THAN PRIVATE FOUNDATION AND IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT IS SUBJECT TO A TAX ON INCOME FROM ANY UNRELATED BUSINESS INCOME. AT DECEMBER 31, 2024, THE PROJECT HAD NO UNRELATED BUSINESS INCOME. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE PROJECT HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE PROJECT BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE PROJECT'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE PROJECT HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK / TAX DEPRECIATION DIFFERENCE 5,106 FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING TWO RENTAL HOUSING PROJECTS (DOLAN MANOR I A 30 UNIT APARTMENT COMMUNITY AND DOLAN MANOR II A 24 UNIT APARTMENT COMMUNITY) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE-PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER ASSISTANCE PAYMENTS CONTRACTS. FINANCING HAS BEEN PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND A SECTION 202 CAPITAL ADVANCE. FORM 990, PAGE 6, PART VI, LINE 3 THE PROJECT PAYS A MANAGEMENT FEE BASED ON A PERCENTAGE OF RENT AND OTHER INCOME COLLECTED TO BEACON MANAGEMENT CORPORATION. THE PROJECT ALSO REIMBURSES BEACON MANAGEMENT CORPORATION FRONT LINE ACCOUNTING AND ADMINISTRATIVE EXPENSES. THIS REIMBURSEMENT AMOUNTED TO 8,496 FOR THE YEAR ENDED DECEMBER 31, 2024. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990 PROVIDED BY THE OUTSIDE INDEPENDENT ACCOUNT PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E OFFICE EXPENSES 18,870 0 0 HVAC REPAIR/MAINTENANCE 16,007 0 0 MISCELLANEOUS FINANCIAL EXPENSES 13,222 0 0 SUPPLIES 12,229 0 0 GARBAGE AND TRASH REMOVAL 4,189 0 0 MORTGAGE INSURANCE PREMIUM 4,005 0 0 MISCELLANEOUS ADMIN 1,197 0 0 TOTAL 69,719 0 0 FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -5,106