Nonprofit · EIN 56-1728944
HOUSING OPPORTUNITIES INC
Tax-exempt · GREENSBORO, NC 27407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,974,537 | $2,741,918 | $232,619 | $8,644,085 | $5,530,104 | $3,113,981 |
| December 31, 2023 | 990 | $2,547,790 | $1,967,801 | $579,989 | $9,316,692 | $6,435,330 | $2,881,362 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,538,384
- of which government grants
- $1,538,384
- Program service revenue
- $879,198
- Investment income
- $556,955
- Net gain from sales of assets
- $522,615
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $600,000
- Compensation of officers, directors and key employees
- $33,660
- Other salaries and wages
- $136,939
- Salaries, compensation and benefits (total)
- $211,772
- Professional fundraising fees
- $0
- Legal fees
- $32,385
- Accounting fees
- $39,500
- Occupancy
- $90,382
- Depreciation
- $196,441
- Program services (functional)
- $2,668,758
- Management and general (functional)
- $73,160
Balance sheet and other
- Total assets, start of year
- $9,316,692
- Total assets, end of year
- $8,644,085
- Total liabilities, end of year
- $5,530,104
- Net assets, end of year
- $3,113,981
- Land, buildings and equipment
- $2,883,887
- Net assets without donor restrictions
- $3,113,981
- Gross receipts
- $3,065,482
- Employees
- 1
- Volunteers
- 6
- Year formed
- 1991
- 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 |
|---|---|---|---|
| TERRI M GUNN | VP & SECRETARY Trustee or director, Officer | 10 | $36,660 |
| ES MELVIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANNE MOORE | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBIN BRITT | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY FRYE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ROUTH | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM STONE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRI M GUNN | VP & SECRETARY Trustee or director, Officer | 10 | $36,660 |
| ES MELVIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANNE MOORE | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBIN BRITT | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY FRYE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ROUTH | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM STONE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 DUNDAS DR, GREENSBORO, NC 27407-1612
- In care of
- % LINDA CARY VP
- Principal officer (990 for 2024)
- TERRI M GUNN, PO BOX 26405, GREENSBORO, NC 274046405
- Signed the 990
- TERRI M GUNN, VICE PRESIDENT
- Phone
- (336) 544-2300
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY AND TO FOSTER THE DEVELOPMENT OF LOW AND MODERATE-INCOME HOUSING TO ELDERLY AND LOW INCOME FAMILIES.
Program accomplishments
- THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES. THE ORGANIZATION ALSO PROMOTES SOCIAL WELFARE OF THE COMMUNITY BY MAKING GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS.Expenses $2,668,758 · grants $600,000 · revenue $879,198
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
- 56-1728944
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $8,644,085
- Income (IRS master file)
- $3,065,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,974,537 | $2,741,918 | $8,644,085 | XML |
| 990 | December 2023 | $2,547,790 | $1,967,801 | $9,316,692 | XML |
| 990 | December 2022 | $2,491,705 | $1,896,764 | $8,961,253 | 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 56-1728944).
Questions about HOUSING OPPORTUNITIES INC
- What is the EIN of HOUSING OPPORTUNITIES INC?
- The employer identification number (EIN) of HOUSING OPPORTUNITIES INC is 56-1728944.
- Is HOUSING OPPORTUNITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to HOUSING OPPORTUNITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING OPPORTUNITIES 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 HOUSING OPPORTUNITIES 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 HOUSING OPPORTUNITIES 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 HOUSING OPPORTUNITIES INC?
- The 990 for the year ended December 31, 2024 names TERRI M GUNN.
- Who are the officers and directors of HOUSING OPPORTUNITIES INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $36,660 (TERRI M GUNN, VP & SECRETARY).
- How much revenue does HOUSING OPPORTUNITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,974,537, expenses of $2,741,918 and total assets of $8,644,085 at year end.
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All nonprofits in GREENSBORO · North Carolina · Housing and shelter