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Nonprofit · EIN 56-1778751

WESLEYAN HOMES II OF TROY INC

Tax-exempt · TROY, NC 27371

Financials

$230K$161K2023$244K$157K2024
Revenue Expenses · by fiscal year end
Financials of WESLEYAN HOMES II OF TROY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$243,714$156,832$86,882$533,779$754,295-$220,516
December 31, 2023990$229,705$161,307$68,398$490,338$797,736-$307,398
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$132,001
of which government grants
$132,001
Program service revenue
$108,716
Investment income
$2,997
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$156
Accounting fees
$4,800
Occupancy
$8,085
Depreciation
$4,858
Program services (functional)
$149,489
Management and general (functional)
$7,343

Balance sheet and other

Total assets, start of year
$490,338
Total assets, end of year
$533,779
Total liabilities, end of year
$754,295
Net assets, end of year
-$220,516
Land, buildings and equipment
$167,733
Net assets without donor restrictions
-$220,516
Gross receipts
$243,714
Employees
0
Volunteers
7
Year formed
1992
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.

NameTitleHours / weekCompensation
RICHARD HINSONBOARD CHAIR
Trustee or director, Officer
1$0
AMY VUNCANNONSECRETARY
Trustee or director, Officer
1$0
ERIC M ALLENDIRECTOR
Trustee or director
1$0
MARK HARRISDIRECTOR
Trustee or director
1$0
BRADLEY HAYNESDIRECTOR
Trustee or director
1$0
EDWARD LINDSEYDIRECTOR
Trustee or director
1$0
SHARON PIGFORDDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
RICHARD HINSONBOARD CHAIR
Trustee or director, Officer
1$0
AMY VUNCANNONSECRETARY
Trustee or director, Officer
1$0
ERIC M ALLENDIRECTOR
Trustee or director
1$0
MARK HARRISDIRECTOR
Trustee or director
1$0
BRADLEY HAYNESDIRECTOR
Trustee or director
1$0
EDWARD LINDSEYDIRECTOR
Trustee or director
1$0
SHARON PIGFORDDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1368 NC HWY 134 N, TROY, NC 27371-8339
In care of
% JIMMY PRESSLAR
Principal officer (990 for 2024)
RICHARD HINSON, 1368 NC HIGHWAY 134 NORTH, TROY, NC 27371
Signed the 990
RICHARD HINSON, BOARD CHAIR
Phone
(910) 572-2218
Return prepared by
BERNARD ROBINSON & COMPANY LLP

Mission

TO PROVIDE HOUSING FOR INDIVIDUALS WITH LOW AND MODERATE INCOME.

990 for the year ended December 31, 2024

Program accomplishments

  • TO OPERATE A 30-UNIT APARTMENT COMPLEX FOR LOW AND MODERATE INCOME INDIVIDUALS PURSUANT TO SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED, WHICH PROVIDES FOR INTEREST AND RENT SUBSIDIES. THE PROJECT IS LOCATED IN TROY, NORTH CAROLINA AND IS REGULATED BY USDA RURAL DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.
    Expenses $149,489 · revenue $108,716

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1778751
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
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P70Z)
Assets (IRS master file)
$533,779
Income (IRS master file)
$243,714

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$243,714$156,832$533,779XML
990December 2023$229,705$161,307$490,338XML
990December 2022$216,730$128,923$465,471IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 56-1778751).

Questions about WESLEYAN HOMES II OF TROY INC

What is the EIN of WESLEYAN HOMES II OF TROY INC?
The employer identification number (EIN) of WESLEYAN HOMES II OF TROY INC is 56-1778751.
Is WESLEYAN HOMES II OF TROY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to WESLEYAN HOMES II OF TROY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WESLEYAN HOMES II OF TROY 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 WESLEYAN HOMES II OF TROY 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 WESLEYAN HOMES II OF TROY 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 WESLEYAN HOMES II OF TROY INC?
The 990 for the year ended December 31, 2024 names RICHARD HINSON.
Who are the officers and directors of WESLEYAN HOMES II OF TROY INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does WESLEYAN HOMES II OF TROY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $243,714, expenses of $156,832 and total assets of $533,779 at year end.

Other nonprofits in TROY

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