Nonprofit · EIN 56-1085131
DHIC INC
Tax-exempt · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $22,132,443 | $5,639,999 | $16,492,444 | $54,264,349 | $3,095,489 | $51,168,860 |
| December 31, 2023 | 990 | $8,321,223 | $4,607,766 | $3,713,457 | $35,451,799 | $775,383 | $34,676,416 |
| December 31, 2021 | 990 (amended) | $6,009,696 | $4,117,076 | $1,892,620 | $31,965,470 | $2,173,157 | $29,792,313 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,294,011
- of which government grants
- $1,036,450
- Program service revenue
- $4,631,328
- Investment income
- $492,718
- Other revenue
- $15,714,386
Expenses
- Grants and similar amounts paid
- $38,160
- Other salaries and wages
- $2,052,235
- Salaries, compensation and benefits (total)
- $3,629,530
- Professional fundraising fees
- $0
- Legal fees
- $13,173
- Accounting fees
- $77,881
- Travel
- $58,742
- Program services (functional)
- $3,795,045
- Management and general (functional)
- $1,844,954
Balance sheet and other
- Total assets, start of year
- $35,451,799
- Total assets, end of year
- $54,264,349
- Total liabilities, end of year
- $3,095,489
- Net assets, end of year
- $51,168,860
- Net assets without donor restrictions
- $49,722,824
- Net assets with donor restrictions
- $1,446,036
- Gross receipts
- $22,132,443
- Employees
- 29
- Volunteers
- 0
- Year formed
- 1973
- 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 | Other / benefits |
|---|---|---|---|---|
| Yolanda Winstead | President Officer | 40 | $243,655 | $41,059 |
| Sharon Lorden | SVP / CFO Officer | 40 | $189,315 | $33,660 |
| Natalie Britt | SVP Officer | 40 | $176,125 | $29,597 |
| William Ward | VP / Treasurer Officer | 40 | $154,527 | $24,564 |
| Atinuke Diver | VP of Resource Development Highest-paid employee | 40 | $140,355 | $25,284 |
| Sheila Porter | Assistant Secretary Highest-paid employee | 40 | $130,973 | $28,037 |
| Kayla Rosenburg | Senior Project Manager Highest-paid employee | 40 | $123,272 | $21,082 |
| Joseph Omozokpea | Senior Project Manager Highest-paid employee | 40 | $106,655 | $20,854 |
| William Jackson | Director of Asset Management Highest-paid employee | 40 | $103,250 | $16,055 |
| Ashleigh Hales | Director Trustee or director | 0.5 | $0 | $0 |
| Betsy Rozakis | Director Trustee or director | 0.5 | $0 | $0 |
| Danny Kadis | Director Trustee or director | 0.5 | $0 | $0 |
| Gordon Grubb | Director Trustee or director | 0.5 | $0 | $0 |
| Jordan Maness | Vice Chair Trustee or director | 0.5 | $0 | $0 |
| Joyce Spivey | Director Trustee or director | 0.5 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Meghan Melloy | Director Trustee or director | 0.5 | $0 |
| Miguel Figueras | Director Trustee or director | 0.5 | $0 |
| Patricia Swasey | Director Trustee or director | 0.5 | $0 |
| Russell Pierce | Director Trustee or director | 0.5 | $0 |
| Samone Bullock Dillahunt | Director Trustee or director | 0.5 | $0 |
| Soberina Traywick | Director Trustee or director | 0.5 | $0 |
| Steve Evans | Director Trustee or director | 0.5 | $0 |
| Tyler Craft | Chair Trustee or director | 0.5 | $0 |
| Utica Cason | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Yolanda Winstead | President Officer | 40 | $244,426 | $51,012 |
| Sharon Lorden | SVP/CFO Officer | 40 | $189,905 | $41,008 |
| Natalie Britt | SVP Officer | 40 | $176,670 | $36,499 |
| William Ward | VP/Tresurer Officer | 40 | $137,564 | $28,634 |
| Sheila Porter | Assistant Secretary Highest-paid employee | 40 | $131,368 | $33,102 |
| Atinuke Diver | VP of Resource Development Highest-paid employee | 40 | $133,350 | $20,597 |
| Kayla Rosenburg | Senior Project Manager Highest-paid employee | 40 | $118,974 | $24,891 |
| Joseph Omozokpea | Senior Project Manager Highest-paid employee | 40 | $106,473 | $24,759 |
| Skip Jackson | Director of Asset Management Highest-paid employee | 40 | $102,833 | $26,734 |
| Ashleigh Hales | Director Trustee or director | 0.5 | $0 | $0 |
| Betsy Rozakis | Director Trustee or director | 0.5 | $0 | $0 |
| Chico Scott | Director Trustee or director | 0.5 | $0 | $0 |
| Danny Kadis | Director Trustee or director | 0.5 | $0 | $0 |
| Gordon Grubb | Director Trustee or director | 0.5 | $0 | $0 |
| Jesse McCoy | Director Trustee or director | 0.5 | $0 | $0 |
| Jordan Maness | Vice Chair Trustee or director | 0.5 | $0 | $0 |
| Joyce Spivey | Director Trustee or director | 0.5 | $0 | $0 |
| Meghan Melo | Director Trustee or director | 0.5 | $0 | $0 |
| Miguel Figueras | Director Trustee or director | 0.5 | $0 | $0 |
| Russell Pierce | Director Trustee or director | 0.5 | $0 | $0 |
| Samone Bullock Dillahunt | Director Trustee or director | 0.5 | $0 | $0 |
| Soberina Traywick | Director Trustee or director | 0.5 | $0 | $0 |
| Steve Evans | Director Trustee or director | 0.5 | $0 | $0 |
| Tyler Craft | Chair Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2021: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YOLANDA WINSTEAD | PRESIDENT Officer | 41 | $215,000 | $20,808 |
| SHARON LORDEN | VICE PRESIDENT Officer | 40 | $169,671 | $30,703 |
| NATALIE BRITT | VICE PRESIDENT Officer | 40 | $156,945 | $27,076 |
| RODNEY BROWN | VP OF ASSET MGMT Highest-paid employee | 40 | $124,464 | $23,750 |
| SHEILA PORTER | ASSISTANT SECRETARY Officer | 40 | $114,539 | $24,600 |
| MICHAEL RODGERS | DIRECTOR OR RE DEVELOP. Highest-paid employee | 40 | $119,327 | $19,525 |
| WILLIAM WARD | TREASURER Officer | 40 | $111,153 | $12,289 |
| JENNIFER FOELL | SECRETARY Officer | 40 | $73,102 | $15,177 |
| JOHN BRYSON | CHAIR Trustee or director | 0.5 | $0 | $0 |
| DAN CLEMMENS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GORDON GRUBB | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JORDAN MANNESS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MALCOLM LEWIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH VOLTZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TYLER CRAFT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TIM PARTRIDGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ASHTON SMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JULIE PAUL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MIA BAILEY | VICE CHAIR Trustee or director | 0.5 | $0 | $0 |
| CHICO SCOTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BETSY ROZAKIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MEGHAN MELO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DANNY KADIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 113 S WILMINGTON STREET, RALEIGH, NC 27601-1443
- Principal officer (990 for 2024)
- Yolanda C Winstead, PO Box 2185, Raleigh, NC 27602
- Signed the 990
- Yolanda C Winstead, President
- Phone
- (919) 832-4345
- Website
- www.dhic.org
- Return prepared by
- Forvis Mazars LLP
Mission
TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS
Program accomplishments
- THESE EXPENSES ARE GENERATED BY VARIOUS DEVELOPMENTS OF LOW-INCOME HOUSING PROJECTS. MODERATE AND LOW-INCOME FAMILIES WILL OCCUPY THE HOMES UPON COMPLETION.Expenses $3,795,045 · grants $38,160 · revenue $20,734,154
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
- 56-1085131
- 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
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $54,264,349
- Income (IRS master file)
- $22,132,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,132,443 | $5,639,999 | $54,264,349 | XML |
| 990 | December 2023 | $8,321,223 | $4,607,766 | $35,451,799 | XML |
| 990 | December 2022 | $6,432,706 | $5,101,960 | $31,913,929 | IRS |
| 990 | December 2021 | $6,009,696 | $4,117,076 | $31,965,470 | XML |
| 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 56-1085131).
Questions about DHIC INC
- What is the EIN of DHIC INC?
- The employer identification number (EIN) of DHIC INC is 56-1085131.
- Is DHIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to DHIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DHIC 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 DHIC INC 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 DHIC INC 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 DHIC INC?
- The 990 for the year ended December 31, 2024 names Yolanda C Winstead.
- Who are the officers and directors of DHIC INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 9 received compensation from the organization, the highest $243,655 (Yolanda Winstead, President).
- How much revenue does DHIC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,132,443, expenses of $5,639,999 and total assets of $54,264,349 at year end.
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