2023-11-15T17:28:42-06:00 2022-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-01-01 272691355 CENTRE FOR HOMEOWNERSHIP & ECONOMIC DEVELOPMENT CENT 9192414718 960 CORPORATE DRIVE SUITE 405 HILLSBOROUGH NC 27278 JAMES STROUD EXECUTIVE DIRECTOR 9192414718 2023-11-15 1 JAMES STROUD 999009999 0 JOHN M ROBINSON P01281319 3362944494 2023-11-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES STROUD 960 CORPORATE DRIVE SUITE 405 HILLSBOROUGH NC 27278 1177857 0 X WWW.HOMEOWNERSHIPCENTRE-ED.ORG X 2010 NC TO ENRICH AND EDUCATE LIVES BY PROVIDING HOUSING COUNSELING SERVICES, FINANCIAL LITERACY, HOMEOWNERSHIP OPPORTUNITIES, JOB SERVICES, BUSINESS SOLUTIONS, AND ECONOMIC DEVELOPMENT. 12 12 2 10 0 0 415458 862292 10125 55367 216836 194116 300 198 642719 1111973 38430 42733 0 0 199324 265330 0 0 30715 364277 456205 602031 764268 40688 347705 705112 1002739 400621 350543 304491 652196 TO ENRICH AND EDUCATE LIVES BY PROVIDING HOUSING COUNSELING SERVICES, FINANCIAL LITERACY, HOME OWNERSHIP OPPORTUNITIES, JOB SERVICES, BUSINESS SOLUTIONS AND ECONOMIC DEVELOPMENT. 0 0 575530 42733 55565 WE PROVIDE SERVICES THAT SUPPORT INNOVATIVE APPROACHES IN BOTH URBAN AND RURAL COMMUNITIES THAT FOCUS ON HEALTH AND WELLNESS, ECONOMIC STABILITY, AFFORDABLE HOUSING, FINANCIAL INDEPENDENCE, JOBS, BUSINESS DEVELOPMENT, AND SMALL BUSINESS TRAINING. ADDITIONALLY, CHOEDC PROVIDES NON-MEDICAL HOUSING SERVICES UNDER THE HEALTHY OPPORTUNITY PILOT PROGRAM AND PROVIDES MENTAL HEALTH CARE, SUBSTANCE ABUSE COUNSELING, AND PEER SUPPORT COUNSELING IN FIVE (5) CATCHMENT AREAS THROUGHOUT NORTH CAROLINA. 575530 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 X X JAMES STROUD 9192414718 960 CORPORATE DRIVE SUITE 405 HILLSBOROUGH NC 27278 STEVE DRAKE BOARD CHAIRMAN 2.00 X X 0 0 0 JASON HARRIS VICE CHAIRMAN 2.00 X X 0 0 0 DARON SATTERFIELD TREASURER 2.00 X X 0 0 0 ALEX NELSON ASSISTANT TREASURER 2.00 X X 0 0 0 VICKIE FEASTER-FORNVILLE SECRETARY 2.00 X X 0 0 0 DR PETER MORRIS DIRECTOR 1.00 X 0 0 0 SHARON MOE DIRECTOR 1.00 X 0 0 0 DAISETTE STROUD DIRECTOR 1.00 X 0 0 0 MARY MOORE DIRECTOR 1.00 X 0 0 0 MELVIN WATSON DIRECTOR 1.00 X 0 0 0 ALFREDO MACIAS DIRECTOR 1.00 X 0 0 0 DYLAN MACIAS DIRECTOR 1.00 X 0 0 0 JAMES STROUD EXECUTIVE DIRECTOR 55.00 X 118900 0 0 118900 0 0 1 0 0 0 0 737207 125085 862292 PROGRAM INCOME 541900 43392 43392 RENTAL INCOME 531110 11975 11975 55367 260000 65884 194116 194116 194116 MISCELLANEOUS REVENUE 900099 198 198 198 1111973 55565 0 194116 42733 42733 118900 89175 17835 11890 137619 103214 20643 13762 8811 6608 1322 881 173534 173534 16000 16000 13855 13855 13508 11482 2026 19794 15835 2969 990 44848 35879 6727 2242 279 223 42 14 7301 7301 9591 7672 1439 480 5871 4696 881 294 MISCELLANEOUS 46415 2613 43640 162 USDA EXPENSES 41936 41936 TRAINING 24796 24796 FEES AND DUES 21661 21661 16816 15134 1682 764268 575530 158023 30715 267305 718537 14004 14005 127641 68309 647 0 270781 93890 252365 176891 43150 24997 705112 1002739 30070 31797 220551 149267 150000 144407 0 25072 400621 350543 X 234799 165608 69692 486588 304491 652196 705112 1002739 347705 0 X 0 1 X 0 0 X 531869 430192 469364 415459 862292 2709176 531869 430192 469364 415459 862292 2709176 128839 2580337 20 1251 4 1275 356 500 300 198 1354 2711805 192784 0.95150 0.65390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68160 68160 139840 32116 107724 23677 22670 1007 39104 39104 0 176891 OPERATING LEASE LIABILITY 25072 25072 X 1111973 0 1111973 0 1111973 764268 0 764268 0 764268 PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED. ANY CHANGES IN THE AMOUNT OF TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. 1 DISASTER RECOVERY ASSISTANCE FOR PEOPLE IMPACTED BY NATURAL DISASTERS 11 42733 PART I, LINE 2: PER HUD GUIDELINES, THE CENTRE FOR HOMEOWNERSHIP & ECONOMIC DEVELOPMENT MUST ADHERE TO A WRITTEN GRANT MANAGEMENT AND OVERSIGHT PLAN THAT IS REVIEWED AND SUBMITTED TO THE US HOUSING & URBAN DEVELOPMENT OFFICE OF OVERSIGHT AND ACCOUNTABILITY. OUR MOST RECENT CERTIFICATION WAS DONE JUNE 12, 2020. WHEN A NEW GRANT IS RECEIVED OR RENEWED, A COPY OF THE EXECUTED GRANT MUST BE FORWARDED TO THE EXECUTIVE DIRECTOR WHO WILL THEN SET UP A PERMANENT FILE FOR THE GRANT AND MAINTAIN THE CONTRACT ALONG WITH ANY OTHER FINANCIAL CORRESPONDENCE REGARDING THE GRANT. IT IS THE RESPONSIBILITY OF THE EXECUTIVE DIRECTOR (ACTING AS THE FISCAL MANAGER) TO REVIEW THE GRANT CONTRACT AND EXTRACT FISCAL ITEMS WHICH MUST BE COMPLIED WITH BY THE AGENCY. FOR GOVERNMENT GRANTS, REFERENCE WILL BE MADE TO VARIOUS PUBLICATIONS PUT OUT BY THE OFFICE OF MANAGEMENT AND BUDGET (OMB) AND THE COMPTROLLER GENERAL'S OFFICE TO WHICH THE CORPORATION IS RESPONSIBLE FOR ADHERING. CURRENTLY THE PUBLICATIONS INCLUDE: - THE OMNI CIRCULAR - OMB CIRCULAR A-122: "COST PRINCIPLES FOR NON-PROFIT ORGANIZATIONS" - GOVERNMENT GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IT IS A POLICY OF THE AGENCY TO ADHERE TO ANY RESTRICTIONS IMPOSED BY ITS FUNDERS, BOTH GOVERNMENTAL AND PRIVATE. THEREFORE, THE AGENCY'S EMPLOYEES ARE EXPECTED TO BRING TO THE ATTENTION OF MANAGEMENT ANY INSTANCES OF NONCOMPLIANCE. FORM 990, PART VI, SECTION A, LINE 2 EXECUTIVE DIRECTOR JAMES STROUD IS MARRIED TO BOARD MEMBER DAISETTE STROUD. BOARD MEMBERS ALFREDO MACIAS AND DYLAN MACIAS ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWS THE TAX RETURN WITH PREPARER. THE FULL BOARD IS NOTIFIED THAT A DRAFT IS AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15A ALL MAJOR HIRING DECISIONS ARE APPROVED BY THE EXECUTIVE COMMITTEE. BEFORE MAKING A DECISION, THE COMMITTEE REVIEWS COMPARABLE SALARY DATA FROM OTHER NONPROFIT ORGANIZATIONS, GUIDESTAR, ETC. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.