Nonprofit · EIN 58-1831757
HOUSING ASSISTANCE CORPORATION
Tax-exempt · HENDERSONVLLE, NC 28793
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,371,200 | $3,066,256 | $1,304,944 | $10,776,169 | $4,113,022 | $6,663,147 |
| December 31, 2023 | 990 | $2,935,504 | $2,789,137 | $146,367 | $8,617,800 | $3,276,590 | $5,341,210 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,844,770
- of which government grants
- $748,667
- Program service revenue
- $1,233,167
- Investment income
- $174,528
- Net gain from sales of assets
- $132,902
- Net income from fundraising events
- $55,857
- Other revenue
- $118,735
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $214,861
- Other salaries and wages
- $657,019
- Salaries, compensation and benefits (total)
- $1,056,688
- Professional fundraising fees
- $0
- Occupancy
- $16,006
- Travel
- $8,801
- Depreciation
- $165,527
- Program services (functional)
- $2,684,527
- Management and general (functional)
- $256,597
- Fundraising (functional)
- $125,132
Balance sheet and other
- Total assets, start of year
- $8,617,800
- Total assets, end of year
- $10,776,169
- Total liabilities, end of year
- $4,113,022
- Net assets, end of year
- $6,663,147
- Land, buildings and equipment
- $2,787,289
- Net assets without donor restrictions
- $5,672,395
- Net assets with donor restrictions
- $990,752
- Gross receipts
- $4,480,501
- Employees
- 21
- Volunteers
- 49
- Year formed
- 1988
- 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 | Other / benefits |
|---|---|---|---|---|
| KAREN MILFORD | FINANCE DIRECTOR Officer | 40 | $73,816 | $15,918 |
| SUSAN FRADY 11-630 | INTERIM EXECUTIVE DIRECTOR Officer | 40 | $81,044 | $0 |
| MARGARET FENTON LEBECK | EXECUTIVE DIRECTOR Officer | 40 | $60,000 | $1,419 |
| STEPHEN WILKIE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TYLER HENRY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| BLANCA SANCHEZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JENNIFER DUVALL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NOELLE MCKAY | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| HILTON SWING | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| MALLORY BENJAMIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONYA FLYNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NORY LEBRUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE MAYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER MAYNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ITZIA MORENO | DIRECTOR Trustee or director | 1 | $0 |
| KEITH NORTON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN ROSE 11-39 | INTERIM EXECUTIVE DIRECTOR Officer | 40 | $76,863 | $14,113 |
| KRISTIN DUNN 310-1027 | EXECUTIVE DIRECTOR Officer | 40 | $63,476 | $1,343 |
| SUSAN FRADY 1028-1231 | INTERIM EXECUTIVE DIRECTOR Officer | 40 | $43,554 | $0 |
| STEVE WILKIE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TYLER HENRY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JENNIFER DUVALL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BLANCA SANCHEZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| HILTON SWING | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| NOELLE MCKAY | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| ITZIA MORENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH NORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONYA FLYNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NORY LEBRUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE MAYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALLORY BENJAMIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER MAYNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2057, HENDERSONVLLE, NC 28793-2057
- Principal officer (990 for 2024)
- MARGARET FENTON LEBECK, 214 NORTH KING STREET, HENDERSONVILLE, NC 28792
- Signed the 990
- MARGARET FENTON LEBECK, EXECUTIVE DIRECTOR
- Phone
- (828) 692-4744
- Website
- WWW.HOUSING-ASSISTANCE.COM
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
THE HOUSING ASSISTANCE CORPORATION IS A PUBLIC, NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SAFE AND AFFORDABLE HOUSING FOR PERSONS OF LIMITED INCOME LIVING IN HENDERSON COUNTY AND SURROUNDING AREAS, BECAUSE WE BELIEVE EVERY HUMAN BEING DESERVES THE OPPORTUNITY TO LIVE IN A DECENT HOME.
Program accomplishments
- MULTI-FAMILY DEVELOPMENT:HAC HAS CREATED 360 UNITS OF AFFORDABLE RENTAL HOUSING IN HENDERSON COUNTY OVER THE LAST 35 YEARS. THE UNITS ARE ALL AFFORDABLE, SOME ARE TRANSITIONAL HOUSING, AND ALL SERVE VARIOUS POPULATIONS INCLUDING SENIORS, FAMILIES, VETERANS, AGRICULTURAL WORKERS, SURVIVORS OF INTERPERSONAL VIOLENCE, AND INDIVIDUALS WITH PHYSICAL, MENTAL OR DEVELOPMENT DISABILITIES.Expenses $724,250 · revenue $1,296,045
- SINGLE-FAMILY DEVELOPMENT:IN 2024, HAC COMPLETED 2 SINGLE FAMILY HOMES IN HENDERSON COUNTY AND 4 SINGLE FAMILY HOMES IN POLK COUNTY AND BEGAN CONSTRUCTION ON 6 OTHERS WHICH WILL BE COMPLETED IN 2025. OVER ITS HISTORY HAC HAS BUILT 213 SINGLE FAMILY HOMES IN HENDERSON COUNTY AND POLK COUNTY AND IS WORKING TO EXPAND TO TRANSYLVANIA COUNTY WHEN LAND BECOMES AVAILABLE. OUR HOUSING COUNSELORS WORKED WITH 857 HOUSEHOLDS IN THE RECRUITMENT PROCESS AT YEAR END.Expenses $471,835
- HOME REPAIR AND REHABILITATION:HAC COMPLETED 742 REPAIRS FOR 164 HOUSEHOLDS OR 387 PEOPLE IN 2024.Expenses $1,488,442
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
- 58-1831757
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $10,776,169
- Income (IRS master file)
- $4,480,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,371,200 | $3,066,256 | $10,776,169 | XML |
| 990 | December 2023 | $2,935,504 | $2,789,137 | $8,617,800 | XML |
| 990 | December 2022 | $2,770,321 | $2,170,459 | $7,712,463 | IRS |
| 990 | December 2021 | $2,074,001 | $1,915,890 | $7,059,698 | 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 58-1831757).
Questions about HOUSING ASSISTANCE CORPORATION
- What is the EIN of HOUSING ASSISTANCE CORPORATION?
- The employer identification number (EIN) of HOUSING ASSISTANCE CORPORATION is 58-1831757.
- Is HOUSING ASSISTANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to HOUSING ASSISTANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING ASSISTANCE 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 HOUSING ASSISTANCE 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 HOUSING ASSISTANCE 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 HOUSING ASSISTANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names MARGARET FENTON LEBECK.
- Who are the officers and directors of HOUSING ASSISTANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 3 received compensation from the organization, the highest $73,816 (KAREN MILFORD, FINANCE DIRECTOR).
- How much revenue does HOUSING ASSISTANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,371,200, expenses of $3,066,256 and total assets of $10,776,169 at year end.
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