2025-01-13T11:59:05-06:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 581831757 THE HOUSING ASSISTANCE CORPORATION HOUS 8286924744 214 NORTH KING STREET HENDERSONVILLE NC 28792 MARGARET FENTON LEBECK EXECUTIVE DIRECTOR 8286924744 2025-01-13 1 1 OLGA OGANESOV P01279668 3362944494 2025-01-13 2023 2024-10-15 13:58:12Z MARGARET FENTON LEBECK 214 NORTH KING STREET HENDERSONVILLE NC 28792 3065458 0 X WWW.HOUSING-ASSISTANCE.COM X 1988 NC THE HOUSING ASSISTANCE CORPORATION IS A PUBLIC, NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SAFE AND AFFORDABLE HOUSING FOR PERSONS OF LIMITED INCOME LIVING IN HENDERSON COUNTY AND SURROUNDING AREAS, BECAUSE WE BELIEVE EVERY HUMAN BEING DESERVES THE OPPORTUNITY TO LIVE IN A DECENT HOME. 14 14 19 47 0 0 1781501 1652598 609309 1002764 286565 200607 92946 79535 2770321 2935504 0 0 0 0 907489 983966 0 0 81921 1262970 1805171 2170459 2789137 599862 146367 7712463 8617800 2524095 3276590 5188368 5341210 X THE HOUSING ASSISTANCE CORPORATION IS A PUBLIC, NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SAFE AND AFFORDABLE HOUSING FOR PERSONS OF LIMITED INCOME LIVING IN HENDERSON COUNTY AND SURROUNDING AREAS, BECAUSE WE BELIEVE EVERY HUMAN BEING DESERVES THE OPPORTUNITY TO LIVE IN A DECENT HOME. 0 0 794114 1075809 MULTI-FAMILY DEVELOPMENT:HAC HAS CREATED 360 UNITS OF AFFORDABLE RENTAL HOUSING IN HENDERSON COUNTY OVER THE LAST 35 YEARS. THE UNITS ARE ALL AFFORDABLE, SOME ARE TRANSITIONAL HOUSING, AND ALL SERVE VARIOUS POPULATIONS INCLUDING SENIORS, FAMILIES, VETERANS, AGRICULTURAL WORKERS, SURVIVORS OF INTERPERSONAL VIOLENCE, AND INDIVIDUALS WITH PHYSICAL, MENTAL OR DEVELOPMENT DISABILITIES. 632714 SINGLE-FAMILY DEVELOPMENT:IN 2023, HAC COMPLETED 9 SINGLE FAMILY HOMES IN HENDERSON COUNTY AND BEGAN CONSTRUCTION ON 6 OTHERS WHICH WILL BE COMPLETED IN 2024. OVER ITS HISTORY HAC HAS BUILT 207 SINGLE FAMILY HOMES IN HENDERSON COUNTY AND POLK COUNTY AND IS WORKING TO EXPAND TO TRANSYLVANIA COUNTY WHEN LAND BECOMES AVAILABLE. OUR HOUSING COUNSELORS WORKED WITH 614 HOUSEHOLDS IN THE RECRUITMENT PROCESS AT YEAR END. 1050448 HOME REPAIR AND REHABILITATION:HAC COMPLETED 548 REPAIRS FOR 83 HOUSEHOLDS OR 184 PEOPLE IN 2023. 2477276 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 25 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KAREN MILFORD 8286924744 214 NORTH KING STREET HENDERSONVILLE NC 28792 STEVE WILKIE PRESIDENT 2.00 X X 0 0 0 TYLER HENRY VICE PRESIDENT 2.00 X X 0 0 0 JENNIFER DUVALL TREASURER 2.00 X X 0 0 0 BLANCA SANCHEZ SECRETARY 2.00 X X 0 0 0 HILTON SWING MEMBER-AT-LARGE 1.00 X 0 0 0 NOELLE MCKAY MEMBER-AT-LARGE 1.00 X 0 0 0 ITZIA MORENO DIRECTOR 1.00 X 0 0 0 KEITH NORTON DIRECTOR 1.00 X 0 0 0 SONYA FLYNN DIRECTOR 1.00 X 0 0 0 NORY LEBRUN DIRECTOR 1.00 X 0 0 0 DOUG HARRIS DIRECTOR 1.00 X 0 0 0 JANE MAYER DIRECTOR 1.00 X 0 0 0 MALLORY BENJAMIN DIRECTOR 1.00 X 0 0 0 JENNIFER MAYNOR DIRECTOR 1.00 X 0 0 0 KRISTIN DUNN 310-1027 EXECUTIVE DIRECTOR 40.00 X 63476 0 1343 SEAN ROSE 11-39 INTERIM EXECUTIVE DIRECTOR 40.00 X 76863 0 14113 SUSAN FRADY 1028-1231 INTERIM EXECUTIVE DIRECTOR 40.00 X 43554 0 0 183893 0 15456 0 0 0 0 0 639121 1013477 88000 1652598 RENTAL REVENUE 531110 469933 469933 PROGRAM INCOME 531390 411793 411793 INCENTIVE MANAGEMENT F 531390 104557 104557 DEVELOPER FEE 531390 16481 16481 1002764 8227 8227 303984 111604 192380 192380 192380 24840 18350 6490 6490 MISCELLANEOUS INCOME 900099 73045 73045 73045 2935504 1075809 0 207097 183893 146563 25561 11769 611151 487087 84950 39114 122661 97761 17050 7850 66261 52810 9210 4241 54991 50 54941 21408 16997 2733 1678 11778 8674 2457 647 11977 10814 1023 140 10763 8578 1496 689 157804 151673 4198 1933 69265 55204 9628 4433 PROGRAM EXPENSE 944358 944358 APARTMENT SERVICES 447350 447350 RENTAL LOSS - HIGHLAND 34264 34264 DUES AND SUBSCRIPTIONS 13474 6134 5286 2054 27739 8959 11407 7373 2789137 2477276 229940 81921 1775922 1467154 50149 150124 43548 29682 1504775 1520627 24708 29518 5677444 3086207 2639126 2591237 70917 101521 1603318 2727937 7712463 8617800 116006 143348 1171646 1042976 1222843 2076866 13600 13400 2524095 3276590 X 3630655 4185922 1557713 1155288 5188368 5341210 7712463 8617800 146367 15852 -9377 0 X 0 1 X 1 1 1 X 584690 968297 919880 1781501 1652598 5906966 584690 968297 919880 1781501 1652598 5906966 1029882 4877084 275409 312747 315776 399356 8227 1311515 232806 75774 90018 101183 97885 597666 7816147 2509060 0.62400 0.57170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38012 5518 1591 337 41602 46525 -6198 1963 352 38012 42134 6587 1867 329 46525 20179 1366 729 134 20682 17423 3249 354 140 20179 1 0 840557 840557 4686678 3014380 1672298 150209 71827 78382 2591237 REAL ESTATE HELD FOR DEVELOPMENT AND SALE 1910011 RESERVE FOR REPLACEMENTS 353982 INTEREST IN ASSETS HELD BY OTHERS 41602 TENANT SECURITY DEPOSITS 13400 OPERATING RESERVE 22871 DUE FROM AFFILIATES 100 DEBT SERVICE SAVINGS 48399 ESCROW DEPOSITS 2300 RIGHT-TO-USE LEASED ASSET 5446 DEVELOPMENT ADVANCES 329826 2727937 TENANT SECURITY DEPOSITS 13400 13400 X 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 CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. HOME IN ONE GOLF TOURNAMENT 7910 7910 3573 DRAW DOWN 15800 15800 4253 1 1130 1130 24840 24840 7826 7826 17014 X LAND 1 88000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THOROUGH REVIEW BY EXECUTIVE COMMITTEE AND COPY PROVIDED TO ALL OTHER BOARD MEMBERS FOR REVIEW AS WELL. FORMAL APPROVAL OF THE BOARD IS REQUIRED FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND STAFF ARE REQUIRED ANNUALLY TO COMPLETE A CONFLICT OF INTEREST FORM DISCLOSING ALL ACTUAL OR PERCEIVED CONFLICTS OF INTEREST IN BUSINESS INTERESTS, OTHER BOARD OR COMMITTEE MEMBERSHIPS, CONTRACTUAL RELATIONSHIPS OR AGENCY SERVICES. ABSTENTION FROM VOTING AND INFLUENCING DECISIONS ON A REAL OR PERCEIVED CONFLICT OF INTEREST IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE HELD IN THE OFFICE AND MADE AVAILABLE UPON REQUEST. KING CREEK COTTAGES INC PO BOX 2057 HENDERSONVILLE NC 28793 134257615 APARTMENT RENTAL NC 501(C)(3) LINE 7 THE HOUSING ASSISTANCE CORPORATION 0 REGAL OAKS APARTMENTS INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 455268425 APARTMENT RENTAL NC 501(C)(3) LINE 11 THE HOUSING ASSISTANCE CORPORATION 0 PARKVIEW APARTMENTS LIMITED PARTNERSHIP 214 NORTH KING STREET HENDERSONVILLE NC 28792 561935251 APARTMENT RENTALS NC THE HOUSING ASSISTANCE CORPORATION RELATED 13681 904462 0 0 0.99000 HIGHLAND VIEW LIMITED PARTNERSHIP POBOX 26405 GREENSBORO NC 27404 562355727 APARTMENT RENTALS NC THE HOUSING ASSISTANCE CORPORATION RELATED -41323 1224468 0 0 0.99000 HILLSIDE COMMONS LIMITED PARTNERSHIP POBOX 26405 GREENSBORO NC 27404 562253373 APARTMENT RENTALS NC THE HOUSING ASSISTANCE CORPORATION RELATED 77851 988643 0 0 0.99990 HIGHLAND VIEW GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 562355727 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -4 1.00000 1 HILLSIDE COMMONS GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 562253310 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C 1.00000 1 SUGAR HILL GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 205232045 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -3 600 1.00000 1 OAK HAVEN APARTMENTS GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 273481126 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -5 1.00000 1 PARKVIEW THAC GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 474363789 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C 703 1.00000 1 OKLAWAHA VILLAGE APARTMENTS LLC 602 KANUGA ROAD HENDERSONVILLE NC 28739 814564683 REAL ESTATE INVESTMENT NC THE HOUSING ASSISTANCE CORPORATION C -18 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0