Nonprofit · EIN 56-1478458
ASHEVILLE ASSISTED HOUSING INC
Tax-exempt · ASHEVILLE, NC 28801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,765,889 | $2,382,859 | $383,030 | $6,026,978 | $264,183 | $5,762,795 |
| December 31, 2023 | 990 | $2,430,435 | $1,978,021 | $452,414 | $5,722,144 | $342,379 | $5,379,765 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,896,855
- Program service revenue
- $869,034
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $329,889
- Salaries, compensation and benefits (total)
- $454,784
- Professional fundraising fees
- $0
- Legal fees
- $6,281
- Accounting fees
- $44,640
- Occupancy
- $149,565
- Travel
- $494
- Depreciation
- $417,390
- Program services (functional)
- $1,924,429
- Management and general (functional)
- $458,430
Balance sheet and other
- Total assets, start of year
- $5,722,144
- Total assets, end of year
- $6,026,978
- Total liabilities, end of year
- $264,183
- Net assets, end of year
- $5,762,795
- Land, buildings and equipment
- $2,427,462
- Net assets without donor restrictions
- $5,762,795
- Gross receipts
- $2,765,889
- Employees
- 17
- Volunteers
- 2
- Year formed
- 1985
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RHODNEY NORMAN | SECRETARY-TREASURER Trustee or director, Officer | 0.5 | $83,000 | $146,763 | $25,913 |
| RAYNETTA C WATERS | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| MAGGIE SLOCUMB | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MONIQUE PIERRE | SECRETARY-TREASURER Trustee or director, Officer | 0.5 | $0 | $146,763 | $25,913 |
| RAYNETTA WATERS | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ROY HARRIS | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 165 S FRENCH BROAD AVE STE 1, ASHEVILLE, NC 28801-3947
- Principal officer (990 for 2024)
- RAYNETTA WATERS, 20 GASTON STREET, ASHEVILLE, NC 28801
- Signed the 990
- RHODNEY NORMAN, INTERIM CEO
- Phone
- (828) 239-3526
- Return prepared by
- NOVOGRADAC AND COMPANY LLP
Mission
PROVISION OF AFFORDABLE HOUSING FOR LOW INCOME ELDERLY
Program accomplishments
- PROVISION OF SUBSIDIZED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY AND DISABLED FAMILIES. THE CORPORATION IS A DISCRETE COMPONENT UNIT AND AFFILIATE OF THE HOUSING AUTHORITY OF THE CITY OF ASHEVILLE, A NOT-FOR-PROFIT PUBLIC HOUSING AGENCY ORGANIZED UNDER NC LAW. THE HOUSING AUTHORITY PROVIDES MANAGEMENT OVERSIGHT OF THE COMPONENT UNIT AND, WITH APPROVAL FROM THE BOARD OF DIRECTORS AFTER BUDGETING FOR NEEDED REINVESTMENTS AND REPLACEMENTS, RECEIVES NET REVENUE DISTRIBUTIONS FROM THE COMPONENT UNIT TO BE USED IN THE HOUSING AUTHORITY'S OTHER LOW-INCOME AFFORDABLE HOUSING ACTIVITIES.Expenses $1,924,429 · revenue $869,034
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
- 56-1478458
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $6,026,978
- Income (IRS master file)
- $2,765,889
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,765,889 | $2,382,859 | $6,026,978 | IRS |
| 990 | December 2023 | $2,430,435 | $1,978,021 | $5,722,144 | XML |
| 990 | December 2022 | $2,271,585 | $2,746,441 | $5,051,414 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-1478458).
Questions about ASHEVILLE ASSISTED HOUSING INC
- What is the EIN of ASHEVILLE ASSISTED HOUSING INC?
- The employer identification number (EIN) of ASHEVILLE ASSISTED HOUSING INC is 56-1478458.
- Is ASHEVILLE ASSISTED HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ASHEVILLE ASSISTED HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHEVILLE ASSISTED HOUSING 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 ASHEVILLE ASSISTED HOUSING 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 ASHEVILLE ASSISTED HOUSING 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 ASHEVILLE ASSISTED HOUSING INC?
- The 990 for the year ended December 31, 2024 names RAYNETTA WATERS.
- Who are the officers and directors of ASHEVILLE ASSISTED HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $83,000 (RHODNEY NORMAN, SECRETARY-TREASURER).
- How much revenue does ASHEVILLE ASSISTED HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,765,889, expenses of $2,382,859 and total assets of $6,026,978 at year end.
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All nonprofits in ASHEVILLE · North Carolina · Housing and shelter