Nonprofit · EIN 56-1855098
COA SENIOR HOUSING INC
Tax-exempt · SMITHFIELD, NC 27577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $258,481 | $315,993 | -$57,512 | $844,405 | $2,275,830 | -$1,431,425 |
| December 31, 2023 | 990 | $256,622 | $288,234 | -$31,612 | $892,467 | $2,271,707 | -$1,379,240 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $88,049
- of which government grants
- $88,049
- Program service revenue
- $169,407
- Investment income
- $1,025
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,049
- Occupancy
- $58,318
- Depreciation
- $56,983
- Program services (functional)
- $276,970
- Management and general (functional)
- $39,023
Balance sheet and other
- Total assets, start of year
- $892,467
- Total assets, end of year
- $844,405
- Total liabilities, end of year
- $2,275,830
- Net assets, end of year
- -$1,431,425
- Land, buildings and equipment
- $697,974
- Net assets without donor restrictions
- -$1,431,425
- Gross receipts
- $258,481
- Employees
- 5
- Year formed
- 1994
- 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 |
|---|---|---|---|
| LEE BYRD | SEC./TREASUR Trustee or director, Officer | – | $0 |
| JIMMY PARKER | CHAIR Trustee or director, Officer | – | $0 |
| STEVE STRICKLAND | VICE CHAIR Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE BYRD | SEC./TREASUR Trustee or director, Officer | – | $0 |
| JIMMY PARKER | CHAIR Trustee or director, Officer | – | $0 |
| STEVE STRICKLAND | VICE CHAIR Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1363 W MARKET ST, SMITHFIELD, NC 27577-3340
- In care of
- % JOHNSON COUNTY COUNCIL ON AGING
- Principal officer (990 for 2024)
- JIMMY PARKER, 1363 WEST MARKET STREET, SMITHFIELD, NC 27577
- Signed the 990
- JIMMY PARKER, CHAIR
- Phone
- (919) 934-6066
- Return prepared by
- O DOUGLAS COVINGTON
Mission
THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 36 HUD-ASSISTED ELDERLY HOUSING UNITS AND 1 MARKET RATE UNIT CURRENTLY BEING USED AS AN ADMINISTRATIVE RENT-FREE UNIT IN CLAYTON, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF VILLAGE GARDENS. OCCUPANCY WAS APPROVED BY HUD ON OCTOBER 21, 1996. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC). DURING THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 88,049, REPRESENTING 37.9% OF TOTAL REVENUE. FINANCING WAS PROVIDED BY HUD WITH A SECTION 202 CAPITAL ADVANCE. THE PROJECT'S CAPITAL ADVANCE TOGETHER WITH IT
Program accomplishments
- THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 36 HUD-ASSISTED ELDERLY HOUSING UNITS AND 1 MARKET RATE UNIT CURRENTLY BEING USED AS AN ADMINISTRATIVE RENT-FREE UNIT IN CLAYTON, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF VILLAGE GARDENS. OCCUPANCY WAS APPROVED BY HUD ON OCTOBER 21, 1996. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC). DURING THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 88,049, REPRESENTING 37.9% OF TOTAL REVENUE. FINANCING WAS PROVIDED BY HUD WITH A SECTION 202 CAPITAL ADVANCE. THE PROJECT'S CAPITAL ADVANCE TOGETHER WITH ITS PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) IS ITS MAJOR HUD PROGRAM.Expenses $276,970 · revenue $169,407
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
- 56-1855098
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $844,405
- Income (IRS master file)
- $258,481
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $258,481 | $315,993 | $844,405 | XML |
| 990 | December 2023 | $256,622 | $288,234 | $892,467 | XML |
| 990 | December 2022 | $259,895 | $317,667 | $922,213 | 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 56-1855098).
Questions about COA SENIOR HOUSING INC
- What is the EIN of COA SENIOR HOUSING INC?
- The employer identification number (EIN) of COA SENIOR HOUSING INC is 56-1855098.
- Is COA SENIOR HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to COA SENIOR HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COA SENIOR 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 COA SENIOR 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 COA SENIOR 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 COA SENIOR HOUSING INC?
- The 990 for the year ended December 31, 2024 names JIMMY PARKER.
- Who are the officers and directors of COA SENIOR HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does COA SENIOR HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $258,481, expenses of $315,993 and total assets of $844,405 at year end.
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All nonprofits in SMITHFIELD · North Carolina · Housing and shelter