2026-04-22T13:05:40-05:00 2025-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-07-01 581878332 WAKE COUNTY OPPORTUNITIES CORP DBA DOROTHY NIXON ALLEN MANOR WAKE 3364146947 567 E HARGETT STREET RALEIGH NC 27601 HOWARD PATTERSON CHAIRMAN 3364146947 2026-04-14 1 0 JACOB A SOWERS P01712829 3178485700 2024 2025-03-06 01:10:19Z DOROTHY N ALLEN HOWARD PATTERSON 567 E HARGETT STREET RALEIGH NC 27601 166585 0 X N/A X 1990 NC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 17 UNIT APARTMENT COMMUNITY IN HOLLY SPRINGS, NC KNOWN AS DOROTHY NIXON ALLEN MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 8 8 0 0 0 0 113789 118417 45409 46682 1438 1291 1295 195 161931 166585 0 0 0 0 0 0 0 0 0 154946 149504 154946 149504 6985 17081 193038 187907 337855 315643 -144817 -127736 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 17 UNIT APARTMENT COMMUNITY IN HOLLY SPRINGS, NC KNOWN AS DOROTHY NIXON ALLEN MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 0 0 109070 46682 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 17 UNIT APARTMENT COMMUNITY IN HOLLY SPRINGS, NC KNOWN AS DOROTHY NIXON ALLEN MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 109070 1 1 0 0 0 0 0 0 0 0 1 0 1 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 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 0 1 1 0 0 1 0 0 1 0 0 0 X LAURA GRIMES 3367650424 PO BOX 25168 WINSTONSALEM NC 27114 X X HOWARD PATTERSON CHAIRMAN 0.50 0.50 X X 0 0 0 JOHN HEMINGWAY TREASURER 0.50 0.50 X X 0 0 0 ROBERT SMITH SECRETARY 0.50 0.50 X X 0 0 0 ANTIONA ABRON DIRECTOR 0.50 0.50 X 0 0 0 CRYSTAL BULLOCK DIRECTOR 0.50 0.50 X 0 0 0 ERVIN R BOND DIRECTOR 0.50 0.50 X 0 0 0 FRANCES PULLEY DIRECTOR 0.50 0.50 X 0 0 0 WILLIAM SCOTT DIRECTOR 0.50 0.50 X 0 0 0 0 0 0 0 0 0 0 0 118417 118417 RENTAL INCOME 531110 46682 46682 46682 1291 1291 OTHER REVENUE-MISC. 531110 83 83 TENANT CHARGES 531110 63 63 LAUNDRY & VENDING 531110 49 49 195 166585 46682 0 1486 12082 12082 5858 5858 773 773 36 36 3070 3070 619 619 93660 93660 16 16 128 128 15410 15410 456 456 MTG CO EMPLOYEE CHARGEB 17396 17396 149504 109070 40434 0 4457 12654 418 243 610321 480971 144761 129350 37104 39034 6298 6626 193038 187907 9501 13515 319001 292447 9353 9681 337855 315643 X -144817 -127736 -144817 -127736 193038 187907 17081 0 X X 0 1 X 1 1 1 X 107795 111675 110371 113789 118417 562047 45354 38324 43367 45409 46682 219136 153149 149999 153738 159198 165099 781183 0 0 0 781183 20 17 584 1438 1291 3350 20 17 584 1438 1291 3350 930 496 2281 1295 195 5197 154099 150512 156603 161931 166585 789730 0.98920 0.99030 0.00420 0.00270 X SCHEDULE A: PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 601889 472539 129350 8432 8432 0 129350 MORTGAGE ESCROW DEPOSITS 7637 C RESERVE REPLACEMENT FUND 24138 C RESIDUAL RECEIPTS 7259 C 39034 SECURITY DEPOSITS 6149 ACCRUED WAGES PAYABLE 1240 ACCRUED PAYROLL TAXES PAYABLE 99 ACCRUED INTEREST PAYABLE 2193 9681 X 166584 0 166584 0 166584 149951 468 468 149483 22 22 149505 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK TO TAX DEPRECIATION EXPENSE DIFFERENCE 468. PART XII, LINE 4B - OTHER ADJUSTMENTS: EQUITY TRUE UP 22. FORM 990, PART VI, SECTION A, LINE 3 WAKE COUNTY OPPORTUNITY HOUSING CORPORATION IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANAGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE DOROTHY NIXON ALLEN MANOR PROPERTY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ON GOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION SHALL AT ALL TIMES BE LIMITED TO INDIVIDUALS WHO ARE EITHER (1) A DIRECTOR OF WAKE COUNTY OPPORTUNITIES, INC. OR (2) MEMBERS OF THE BOARD OF WAKE COUNTY OPPORTUNITIES, INC. AND WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF WAKE COUNTY OPPORTUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS OF THE CORPORATION SHALL BE ELECTED BY THE MEMBERS OF THE CORPORATION FROM THE MEMBERSHIP. MEMBERSHIP IN THE CORPORATION SHALL AT ALL TIMES BE LIMITED TO INDIVIDUALS WHO ARE EITHER (1) A DIRECTOR OF WAKE COUNTY OPPORTUNITIES, INC. OR (2) MEMBERS OF THE BOARD OF WAKE COUNTY OPPORTUNITIES, INC. AND WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF WAKE COUNTY OPPORTUNITIES, INC. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FOWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THIER REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII. IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, PART XII LINE 2C THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. WAKE COUNTY OPPORTUNTITIES HOUSING CORP 567 E HARGETT STREET RALEIGH NC 27601 562124379 LOW INCOME HOUSING NC 501(C)(3) 509(A)(2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0