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Nonprofit · EIN 55-0860678

OAK HILL APARTMENTS INC

Tax-exempt · RALEIGH, NC 27605

Financials

$75K$129K2023$71K$103K2024
Revenue Expenses · by fiscal year end
Financials of OAK HILL APARTMENTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$71,450$102,690-$31,240$916,106$1,412,163-$496,057
June 30, 2024990$75,062$128,638-$53,576$941,578$1,402,957-$461,379
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$71,312
Investment income
$11
Other revenue
$127

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$8,998
Occupancy
$42,725
Depreciation
$30,866
Program services (functional)
$84,901
Management and general (functional)
$17,789

Balance sheet and other

Total assets, start of year
$941,578
Total assets, end of year
$916,106
Total liabilities, end of year
$1,412,163
Net assets, end of year
-$496,057
Land, buildings and equipment
$751,223
Net assets without donor restrictions
-$496,057
Gross receipts
$71,450
Employees
0
Volunteers
11
Year formed
2003
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
EVERETT MCELVEENCEO
Officer
0.4$0$167,387$5,022
SHARONDA OCEANCHAIR
Trustee or director, Officer
0.1$0$0$0
TINA KONIDARISVICE-CHAIR
Trustee or director, Officer
0.1$0$0$0
CATHERINE CLODFELTERSECRETARY
Trustee or director, Officer
0.1$0$0$0
JENN JOHNSONTREASURER
Trustee or director, Officer
0.1$0$0$0
MIKE BAULDREEDIRECTOR
Trustee or director
0.1$0$0$0
DAVID BENNETTDIRECTOR
Trustee or director
0.1$0$0$0
TODD HAYDIRECTOR
Trustee or director
0.1$0$0$0
JEAN GROSSDIRECTOR
Trustee or director
0.1$0$0$0
ROB GRIFFINDIRECTOR
Trustee or director
0.1$0$0$0
LEVI ZSUPPANDIRECTOR
Trustee or director
0.1$0$0$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
SHARONDA OCEANCHAIR
Trustee or director, Officer
0.92$0
CASEY ANGELVICE CHAIR
Trustee or director, Officer
0.41$0
JENNIFER JOHNSONTREASURER
Trustee or director, Officer
0.58$0
DR KEITH HULLSECRETARY
Trustee or director, Officer
0.52$0
SHENEQUE DUNCANDIRECTOR
Trustee or director
0.19$0
ROB GRIFFINDIRECTOR
Trustee or director
0.45$0
REBECCA JOYNERDIRECTOR
Trustee or director
0.41$0
TINA KONIDARISDIRECTOR
Trustee or director
0.5$0
LEVI ZSUPPANDIRECTOR
Trustee or director
0.45$0
STEVE PEDENDIRECTOR
Trustee or director
0.29$0
CATHERINE CLODFELTERDIRECTOR
Trustee or director
0.33$0
JEAN GROSSDIRECTOR
Trustee or director
0.37$0
CHAD JEMISONDIRECTOR
Trustee or director
0.37$0

Address and contacts

Address (IRS master file)
PO BOX 12545, RALEIGH, NC 27605-2545
In care of
% JOAN HERRE ERWIN
Principal officer (990 for 2024)
EVERETT MCELVEEN, PO BOX 12545, RALEIGH, NC 27605
Signed the 990
ERIC FULLILOVE, CFO
Phone
(919) 754-9960
Return prepared by
WEGNER CPAS LLP

Mission

PROVIDE ACCESS TO STABLE, AFFORDABLE HOUSING FOR PEOPLE WHO ARE DISABLED BY DEVELOPING AND MANAGING RENTAL COMMUNITIES.

990 for the year ended June 30, 2025

Program accomplishments

  • OAK HILL APARTMENTS WAS FORMED SPECIFICALLY TO DEVELOP AND OPERATE A 14 UNIT HOUSING FACILITY FOR VERY LOW-INCOME PERSONS WITH DISABILITIES ON A NONPROFIT BASIS PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT.
    Expenses $84,901 · revenue $71,312

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
55-0860678
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$916,106
Income (IRS master file)
$71,450

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$71,450$102,690$916,106IRS
990June 2024$75,062$128,638$941,578XML
990June 2023$70,534$106,540$950,162IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 55-0860678).

Questions about OAK HILL APARTMENTS INC

What is the EIN of OAK HILL APARTMENTS INC?
The employer identification number (EIN) of OAK HILL APARTMENTS INC is 55-0860678.
Is OAK HILL APARTMENTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to OAK HILL APARTMENTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OAK HILL APARTMENTS INC 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 OAK HILL APARTMENTS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OAK HILL APARTMENTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of OAK HILL APARTMENTS INC?
The 990 for the year ended June 30, 2025 names EVERETT MCELVEEN.
Who are the officers and directors of OAK HILL APARTMENTS INC?
The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
How much revenue does OAK HILL APARTMENTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $71,450, expenses of $102,690 and total assets of $916,106 at year end.

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