Nonprofit · EIN 56-2237995
MACGREGOR HOUSING DEVELOPMENT CORPORATION
Tax-exempt · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $219,798 | $241,283 | -$21,485 | $1,255,868 | $2,078,339 | -$822,471 |
| December 31, 2023 | 990 | $213,197 | $205,460 | $7,737 | $1,280,421 | $2,081,407 | -$800,986 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $211,088
- Investment income
- $8,710
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $27,303
- Salaries, compensation and benefits (total)
- $35,810
- Professional fundraising fees
- $0
- Legal fees
- $261
- Accounting fees
- $7,878
- Occupancy
- $89,057
- Depreciation
- $50,631
- Program services (functional)
- $201,889
- Management and general (functional)
- $39,394
Balance sheet and other
- Total assets, start of year
- $1,280,421
- Total assets, end of year
- $1,255,868
- Total liabilities, end of year
- $2,078,339
- Net assets, end of year
- -$822,471
- Land, buildings and equipment
- $997,527
- Net assets without donor restrictions
- -$822,471
- Gross receipts
- $219,798
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|---|---|
| Yolanda Winstead | President Officer | 0.5 | $0 | $243,655 | $41,059 |
| Sharon Lorden | SVP/CFO Officer | 0.5 | $0 | $189,315 | $33,660 |
| Natalie Britt | SVP Officer | 0.5 | $0 | $176,125 | $29,597 |
| William Ward | VP/Treasurer Officer | 0.5 | $0 | $154,527 | $24,564 |
| Atinuke Diver | VP of Resource Development Highest-paid employee | 0.5 | $0 | $140,355 | $25,284 |
| Sheila Porter | Assistant Secretary Highest-paid employee | 0.5 | $0 | $130,973 | $28,037 |
| Kayla Rosenburg | Senior Project Manager Highest-paid employee | 0.5 | $0 | $123,272 | $21,082 |
| Joseph Omozokpea | Senior Project Manager Highest-paid employee | 0.5 | $0 | $106,655 | $20,854 |
| William Jackson | Director of Asset Management Highest-paid employee | 0.5 | $0 | $103,250 | $16,055 |
| Betsy Rozakis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Gordon Grubb | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jordan Maness | Vice Chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Meghan Melloy | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Tyler Craft | Chair Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Yolanda Winstead | President Officer | 0.5 | $0 | $244,426 | $51,012 |
| Sharon Lorden | SVP/CFO Officer | 0.5 | $0 | $189,905 | $41,008 |
| Natalie Britt | SVP Officer | 0.5 | $0 | $176,670 | $36,499 |
| William Ward | VP/Treasurer Officer | 0.5 | $0 | $137,564 | $28,634 |
| Sheila Porter | Assistant Secretary Highest-paid employee | 0.5 | $0 | $131,368 | $33,102 |
| Atinuke Diver | VP of Resource Development Highest-paid employee | 0.5 | $0 | $133,350 | $20,597 |
| Kayla Rosenburg | Senior Project Manager Highest-paid employee | 0.5 | $0 | $118,974 | $24,891 |
| Joseph Omozokpea | Senior Project Manager Highest-paid employee | 0.5 | $0 | $106,473 | $24,759 |
| Skip Jackson | Director Highest-paid employee | 0.5 | $0 | $102,833 | $26,734 |
| Betsy Rozakis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Chico Scott | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Gordon Grubb | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jordan Maness | Vice Chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Tyler Craft | Chair Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 113 SOUTH WILMINGTON STREET, RALEIGH, NC 27601-1443
- In care of
- % GREGORY F WARREN
- Principal officer (990 for 2024)
- Yolanda Winstead, 113 South Wilmington Street, Raleigh, NC 27601
- Signed the 990
- Yolanda Winstead, President
- Phone
- (336) 765-0424
- Return prepared by
- Forvis Mazars LLP
Mission
THE ORGANIZATION PROVIDES APARTMENTS TO LOW-INCOME HOUSEHOLDS IN PITT COUNTY WITH PREFERENCE TO VICTIMS OF HURRICANE FLOYD.
Program accomplishments
- THE ORGANIZATION PROVIDES APARTMENTS TO LOW-INCOME HOUSEHOLDS IN PITT COUNTY WITH PREFERENCE TO VICTIMS OF HURRICANE FLOYD.Expenses $201,889 · revenue $211,088
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
- 56-2237995
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $1,255,868
- Income (IRS master file)
- $219,798
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $219,798 | $241,283 | $1,255,868 | XML |
| 990 | December 2023 | $213,197 | $205,460 | $1,280,421 | XML |
| 990 | December 2022 | $181,682 | $221,941 | $1,364,626 | 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 56-2237995).
Questions about MACGREGOR HOUSING DEVELOPMENT CORPORATION
- What is the EIN of MACGREGOR HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MACGREGOR HOUSING DEVELOPMENT CORPORATION is 56-2237995.
- Is MACGREGOR HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MACGREGOR HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MACGREGOR HOUSING DEVELOPMENT CORPORATION 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 MACGREGOR HOUSING DEVELOPMENT CORPORATION 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 MACGREGOR HOUSING DEVELOPMENT CORPORATION 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 MACGREGOR HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Yolanda Winstead.
- Who are the officers and directors of MACGREGOR HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does MACGREGOR HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $219,798, expenses of $241,283 and total assets of $1,255,868 at year end.
Other nonprofits in RALEIGH
- COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION EIN 56-1805915 · last filed 990 for 2025
- CASA EIN 56-1778714 · last filed 990 for 2025
- CAPITOL AREA DEVELOPMENTS INC EIN 58-1888268 · last filed 990 for 2025
- HABITAT FOR HUMANITY OF NORTH CAROLINA INC EIN 27-1296717 · last filed 990 for 2025
- CAHEC PROPERTIES CORPORATION EIN 56-2217808 · last filed 990 for 2024
- PASSAGE HOME INC EIN 56-1765360 · last filed 990 for 2025
- VETERANS LIFE CENTER EIN 27-1696736 · last filed 990 for 2024
- OAK CITY AFFORDABLE COMMUNITIES INC EIN 87-1056589 · last filed 990 for 2025
All nonprofits in RALEIGH · North Carolina · Housing and shelter