Nonprofit · EIN 27-2090858
TRIANGLE ELDERLY HOUSING CORPORATION
Tax-exempt · SMITHFIELD, NC 27577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $708,369 | $593,798 | $114,571 | $1,919,956 | $2,448,188 | -$528,232 |
| December 31, 2023 | 990 | $590,646 | $558,874 | $31,772 | $1,846,070 | $2,488,873 | -$642,803 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $386,580
- of which government grants
- $386,580
- Program service revenue
- $321,179
- Investment income
- $610
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $25,585
- Occupancy
- $112,828
- Depreciation
- $58,993
- Program services (functional)
- $516,308
- Management and general (functional)
- $77,490
Balance sheet and other
- Total assets, start of year
- $1,846,070
- Total assets, end of year
- $1,919,956
- Total liabilities, end of year
- $2,448,188
- Net assets, end of year
- -$528,232
- Land, buildings and equipment
- $960,677
- Net assets without donor restrictions
- -$528,232
- Gross receipts
- $708,369
- Employees
- 6
- Year formed
- 2011
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE BYRD | SECRETARY/TR Trustee or director, Officer | – | $0 |
| JIMMY PARKER | CHAIR Trustee or director, Officer | – | $0 |
| STEVE STRICKLAND | VICE CHAIR Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE BYRD | SECRETARY/TR Trustee or director, Officer | – | $0 |
| JIMMY PARKER | CHAIR Trustee or director, Officer | – | $0 |
| STEVE STRICKLAND | VICE CHAIR Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1363 W MARKET ST, SMITHFIELD, NC 27577-3340
- In care of
- %
- Principal officer (990 for 2024)
- JIMMY PARKER, 1363 WEST MARKET STREET, SMITHFIELD, NC 27577
- Signed the 990
- JIMMY PARKER, CHAIR
- Phone
- (919) 934-6066
- Return prepared by
- O DOUGLAS COVINGTON
Mission
IN JUNE OF 2011, CARY CENTRAL ELDERLY HOUSING, SMITHFIELD ELDERLY HOUSING, PRINCETON ELDERLY HOUSING AND KENLY CENTRAL ELDERLY HOUSING WERE MERGED TO FORM TRIANGLE ELDERLY HOUSING CORPORATION (THE PROJECT). CONCURRENT WITH THIS MERGER, EACH PROJECT REFINANCED THEIR HUD SECTION 202 DIRECT LOAN WITH ONE HUD MORTGAGE INSURED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 74 HUD-ASSISTED ELDERLY HOUSING UNITS IN EASTERN NORTH CAROLINA. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. THE PROJECT'S MORTGAGE IS ITS MAJOR HUD PROGRAM. THE PROJECT'S SECTION 8 RENTAL ASSISTANCE CONTRACT IS ITS NON-MAJOR PROGRAM. FOR THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 386,580, REPRESENTING 56.48% OF TOTAL REVENUE.
Program accomplishments
- IN JUNE OF 2011, CARY CENTRAL ELDERLY HOUSING, SMITHFIELD ELDERLY HOUSING, PRINCETON ELDERLY HOUSING AND KENLY CENTRAL ELDERLY HOUSING WERE MERGED TO FORM TRIANGLE ELDERLY HOUSING CORPORATION (THE PROJECT). CONCURRENT WITH THIS MERGER, EACH PROJECT REFINANCED THEIR HUD SECTION 202 DIRECT LOAN WITH ONE HUD MORTGAGE INSURED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 74 HUD-ASSISTED ELDERLY HOUSING UNITS IN EASTERN NORTH CAROLINA. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. THE PROJECT'S MORTGAGE IS ITS MAJOR HUD PROGRAM. THE PROJECT'S SECTION 8 RENTAL ASSISTANCE CONTRACT IS ITS NON-MAJOR PROGRAM. FOR THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 386,580, REPRESENTING 56.48% OF TOTAL REVENUE.Expenses $516,308 · revenue $321,179
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2090858
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $1,919,956
- Income (IRS master file)
- $708,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $708,369 | $593,798 | $1,919,956 | XML |
| 990 | December 2023 | $590,646 | $558,874 | $1,846,070 | XML |
| 990 | December 2022 | $622,913 | $604,014 | $1,845,868 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2090858).
Questions about TRIANGLE ELDERLY HOUSING CORPORATION
- What is the EIN of TRIANGLE ELDERLY HOUSING CORPORATION?
- The employer identification number (EIN) of TRIANGLE ELDERLY HOUSING CORPORATION is 27-2090858.
- Is TRIANGLE ELDERLY HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to TRIANGLE ELDERLY HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRIANGLE ELDERLY HOUSING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRIANGLE ELDERLY HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRIANGLE ELDERLY HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TRIANGLE ELDERLY HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names JIMMY PARKER.
- Who are the officers and directors of TRIANGLE ELDERLY HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TRIANGLE ELDERLY HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $708,369, expenses of $593,798 and total assets of $1,919,956 at year end.
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All nonprofits in SMITHFIELD · North Carolina · Housing and shelter