2026-04-01T10:26:36-05:00 2025-06-30 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2024-07-01 562087076 SG ATKINS COMMUNITY DEVELOPMENT SGAT 3367346915 1922 S MARTIN LUTHER KING DRIVE WINSTONSALEM NC 27107 CAROL DAVIS EXECUTIVE DIRECTOR 3367346915 2026-03-31 1 0 AMY B THABET CPA P01243405 3362759886 2026-03-31 2024 2025-03-06 01:10:19Z CAROL DAVIS 1922 S MARTIN LUTHER KING DRIVE WINSTONSALEM NC 27107 1250298 0 X WWW.SGACDC.ORG X 1998 NC HOUSING RESTORATION AND OVERALL ECONOMIC DEVELOPMENT IN EAST WINSTON-SALEM, NORTH CAROLINA ALONG THE MARTIN LUTHER KING JR. DRIVE CORRIDOR. 15 15 23 15 0 0 346655 775196 368571 308570 8401 3000 0 163532 723627 1250298 49498 138720 0 0 440124 445548 0 0 0 750480 668319 1240102 1252587 -516475 -2289 4658977 4860936 1615264 1819512 3043713 3041424 HOUSING RESTORATION AND OVERALL ECONOMIC DEVELOPMENT IN EAST WINSTON-SALEM, NORTH CAROLINA ALONG THE MARTIN LUTHER KING JR. DRIVE CORRIDOR 0 0 1127576 138720 472102 FUNDED VARIOUS INITIATIVES IN MARTIN LUTHER KING JR. CORRIDOR FOR INFRASTRUCTURE DEVELOPMENT, ECONOMIC DEVELOPMENT, RECRUITMENT AND SITE DEVELOPMENT. THE ORGANIZATION COMPLETED SINGLE FAMILY HOMES ON HARDESTY LANE. THE ORGANIZATION SUBMITTED OFFERS TO PURCHASE AND INCURRED DUE DILIGENCE EXPENSES - EARNEST MONEY DEPOSIT, APPRAISALS, ENGINEERING ASSESSMENTS, ATTORNEYS FEES. THE ORGANIZATION HAS PAID FOR DESIGN TO ENLARGE THE COMMUNITY SHARED-USE KITCHEN. 1127576 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DAVID C HINTON CPA 3367244261 832-D WEST FIFTH STREET WINSTONSALEM NC 27101 MARCUS COX VICE PRESIDENT 1.00 X X 0 0 0 TANGELA TOWNS DIRECTOR 1.00 X 0 0 0 ALAIN LAMARQUE SECRETARY 1.00 X X 0 0 0 COURTNEY BEAL DIRECTOR 1.00 X 0 0 0 DR TONY OKAFOR DIRECTOR 1.00 X 0 0 0 JUAN AGUILAR DIRECTOR 1.00 X 0 0 0 REV TEMBILA COVINGTON DIRECTOR 1.00 X 0 0 0 TONYA D MCDANIEL DIRECTOR 1.00 X 0 0 0 REV RANDELL CAIN PRESIDENT 1.00 X X 0 0 0 RICHARD D DAVIS DIRECTOR 1.00 X 0 0 0 ANDREA PATTERSON-MASUKA DIRECTOR 1.00 X 0 0 0 FRANK INGRAM DIRECTOR 1.00 X 0 0 0 CAROL CAIN TREASURER 1.00 X X 0 0 0 LISA MCCLINTON DIRECTOR 1.00 X 0 0 0 DANIEL ROSE DIRECTOR 1.00 X 0 0 0 CAROL DAVIS EXECUTIVE DIRECTOR 40.00 X 0 110594 0 0 110594 0 0 0 0 0 0 775196 775196 RENT INCOME 532000 183424 183424 CONFERENCE CENTER INCO 532000 117896 117896 HOUSE RENTALS 532000 7250 7250 308570 3000 3000 OTHER SUPPORT 532000 57712 57712 RESALE PROPERTY GAINS 532000 35070 35070 SELLING FEE - CITY OF 532000 26100 26100 44650 44650 163532 1250298 472102 0 3000 138720 138720 405234 349145 56089 40314 28771 11543 46430 46430 15073 15073 5111 939 4172 89046 88394 652 10212 10212 132211 128245 3966 9039 8121 918 ENTERPRISE PROJECT EXPE 158132 158132 PROJECTS 84090 84090 UTILITIES 77900 77900 KITCHEN EXPENSES 26664 26664 14411 13170 1241 1252587 1127576 125011 0 65402 271333 310623 112725 13900 75000 21549 35111 5566091 1702724 3770203 3863367 477300 503400 4658977 4860936 8989 25364 11571 15493 1584000 1764000 10704 14655 1615264 1819512 X 2887426 2941031 156287 100393 3043713 3041424 4658977 4860936 -2289 0 X X 0 1 X 1 0 X 523894 693275 458275 346655 775196 2797295 523894 693275 458275 346655 775196 2797295 2797295 55 23 996 8401 3000 12475 -457 -457 2809313 0.99570 0.99620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 215000 215000 4875015 1463869 3411146 282150 238855 43295 193926 193926 3863367 PROPERTY HELD FOR RESALE 503400 503400 SECURITY DEPOSITS 14655 14655 X 1362579 112281 112281 1250298 0 1250298 1364868 112281 112281 1252587 0 1252587 PART X, LINE 2: THE ORGANIZATION IS CLASSIFIED AS SECTION 501(C)(3) UNDER THE FEDERAL INTERNAL REVENUE CODE. AS A RESULT, IT HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS, CIRCUMSTANCES, AND CURRENT TAX LAW, THE ORGANIZATION BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2025, AND INCLUDING THE PREVIOUS THREE (3) YEARS CONSIDERING EXTENSIONS, THE ORGANIZATION'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. 0 CASH GRANTS FOR PROGRAM PARTICIPANTS WHO ATTEND EDUCATIONAL WORKSHOPS. 46 138720 FORM 990, PART VI, SECTION A, LINE 2 SEVERAL MEMBERS OF THE BOARD ARE EMPLOYEES OF WINSTON-SALEM STATE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 MANAGEMENT, BOARD, AND CERTAIN FUNDING ORGANIZATIONS REVIEW PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS DISTRIBUTED ANNUALLY AND RECIPIENTS ARE ASKED TO READ IT AND REPORT IF THEY HAVE ANY COMPLIANCE ISSUES. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR IS A UNC SYSTEM EMPLOYEE WITH COMPENSATION DETERMINED IN ACCORDANCE WITH UNC SYSTEM HUMAN RESOURCE POLICIES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS DISCLOSURE EXPLANATION ALL PERTINENT DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S OFFICE. FORM 990, PART XII LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION FOR AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR.