Nonprofit · EIN 56-1783194
BETTER HOMES FOR NORTH CAROLINA INC
Tax-exempt · RALEIGH, NC 27619
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $28,997 | $60,543 | -$31,546 | $641,740 | $1,450 | $640,290 |
| December 31, 2024 | 990 | $647,396 | $206,902 | $440,494 | $672,017 | $181 | $671,836 |
| December 31, 2023 | 990 | $61,093 | $26,367 | $34,726 | $362,403 | $131,061 | $231,342 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,345
- Investment income
- $2,652
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $5,200
- Salaries, compensation and benefits (total)
- $5,261
- Professional fundraising fees
- $0
- Accounting fees
- $4,085
- Travel
- $577
- Program services (functional)
- $5,261
- Management and general (functional)
- $55,282
Balance sheet and other
- Total assets, start of year
- $672,017
- Total assets, end of year
- $641,740
- Total liabilities, end of year
- $1,450
- Net assets, end of year
- $640,290
- Net assets without donor restrictions
- $640,290
- Gross unrelated business income
- $2,652
- Gross receipts
- $28,997
- Employees
- 1
- Volunteers
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A HOBGOOD IV | TREASURER Trustee or director, Officer | 10 | $19,000 |
| MILLAN EDMONDSON | SECRETARY Trustee or director, Officer | 10 | $12,000 |
| THOMASINE KENNEDY | VICE PRESIDENT Trustee or director, Officer | 10 | $10,500 |
| ANN LOVE | PRESIDENT Trustee or director, Officer | 10 | $1,200 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A HOBGOOD IV | PRESIDENT Trustee or director, Officer | 24 | $10,500 |
| THOMASINE KENNEDY | VICE PRESIDENT Trustee or director, Officer | 40 | $3,000 |
| MILLAN EDMONDSON | SECRETARY Trustee or director, Officer | 24 | $3,000 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A HOBGOOD IV | PRESIDENT Trustee or director, Officer | 24 | $15,000 |
| THOMASINE KENNEDY | VICE PRESIDENT Trustee or director, Officer | 40 | $7,500 |
| MILLAN EDMONDSON | SECRETARY Trustee or director, Officer | 24 | $6,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 17227, RALEIGH, NC 27619-7227
- In care of
- % ANN LOVE
- Principal officer (990 for 2025)
- ANN LOVE, PO BOX 17227, RALEIGH, NC 27619
- Signed the 990
- ANN LOVE, PRESIDENT
- Phone
- (919) 847-8350
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE ENTITY WAS ORGANIZED TO FILL A PERCEIVED VOID IN THE NON-PROFIT HOUSING CORPORATION POPULATION IN NON-METROPOLITAN AREAS OF EASTERN NORTH CAROLINA. PARTICULARLY, SEVERAL CIVIC AND COMMUNITY LEADERS FORMED THE ORGANIZATION AS THEY WERE CONCERNED THAT WHILE THERE ARE GROWING NUMBERS OF OPERATIONAL LOW-INCOME HOUSING NON-PROFIT ORGANIZATIONS IN THE METROPOLITAN AREAS OF EASTERN NORTH CAROLINA, THE PREDOMINANTLY RURAL AREAS, AND SMALL AND MEDIUM SIZE COMMUNITIES JUST OUTSIDE OF THRIVING METROPOLITAN AREAS ARE UNDER-SERVED, BOTH IN AVAILABILITY OF LOW-INCOME HOUSING AND THE EXISTENCE OF VIABLE NON-PROFIT ORGANIZATIONS DEDICATED TO PRODUCING NEW LOW-INCOME HOUSING STOCK.
Program accomplishments
- LOW INCOME HOUSING PROJECTS ARE PROVIDED TO BENEFIT DISADVANTAGED FAMILIES IN EASTERN NORTH CAROLINA.Expenses $5,261 · revenue $26,345
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 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
- 56-1783194
- 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-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $641,740
- Income (IRS master file)
- $28,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $28,997 | $60,543 | $641,740 | XML |
| 990 | December 2024 | $647,396 | $206,902 | $672,017 | IRS |
| 990 | December 2023 | $61,093 | $26,367 | $362,403 | XML |
| 990 | December 2022 | $130,452 | $56,644 | $196,978 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 56-1783194).
Questions about BETTER HOMES FOR NORTH CAROLINA INC
- What is the EIN of BETTER HOMES FOR NORTH CAROLINA INC?
- The employer identification number (EIN) of BETTER HOMES FOR NORTH CAROLINA INC is 56-1783194.
- Is BETTER HOMES FOR NORTH CAROLINA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to BETTER HOMES FOR NORTH CAROLINA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BETTER HOMES FOR NORTH CAROLINA INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BETTER HOMES FOR NORTH CAROLINA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETTER HOMES FOR NORTH CAROLINA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BETTER HOMES FOR NORTH CAROLINA INC?
- The 990 for the year ended December 31, 2025 names ANN LOVE.
- Who are the officers and directors of BETTER HOMES FOR NORTH CAROLINA INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $19,000 (A HOBGOOD IV, TREASURER).
- How much revenue does BETTER HOMES FOR NORTH CAROLINA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $28,997, expenses of $60,543 and total assets of $641,740 at year end.
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