2023-11-15T17:12:10-06:00 2022-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-01-01 581831757 THE HOUSING ASSISTANCE CORPORATION HOUS 8286924744 214 NORTH KING STREET HENDERSONVILLE NC 28792 SUSAN FRADY INTERIM EXECUTIVE DIRECTOR 8286924744 2023-11-15 1 SUSAN FRADY 999009999 0 OLGA OGANESOV P01279668 3362944494 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSAN FRADY 214 NORTH KING STREET HENDERSONVILLE NC 28792 3330609 0 X WWW.HOUSING-ASSISTANCE.COM X 1988 NC THE HOUSING ASSISTANCE CORPORATION IS A PRIVATE, 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. 13 13 18 368 0 0 919880 1781501 808805 609309 260385 286565 84931 92946 2074001 2770321 0 0 0 0 826510 907489 0 0 98385 1089380 1262970 1915890 2170459 158111 599862 7059698 7712463 2503911 2524095 4555787 5188368 X THE HOUSING ASSISTANCE CORPORATION IS A PRIVATE, 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. 0 0 597957 671580 MULTI-FAMILY DEVELOPMENT:HAC HAS CREATED 370 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. 574865 SINGLE-FAMILY DEVELOPMENT:IN 2022, HAC COMPLETED 6 SINGLE FAMILY HOMES IN HENDERSON COUNTY AND BEGAN CONSTRUCTION ON 5 OTHERS WHICH WILL BE COMPLETED IN 2023. OVER ITS HISTORYHAC HAS BUILT 206 SINGLE FAMILY HOMES IN HENDERSON COUNTY AND IS WORKING TO EXPAND TO POLK AND TRANSYLVANIA COUNTIES IN 2023. OUR HOUSING COUNSELORS WORKED WITH 304 HOUSEHOLDS IN HENDERSON COUNTY AND 29 HOUSEHOLDS IN POLK COUNTY TO MOVE TOWARD HOME OWNERSHIP IN 2022. 718743 HOME REPAIR AND REHABILITATION:HAC COMPLETED 424 REPAIRS FOR 78 HOUSEHOLDS OR 119 PEOPLE IN 2022. 1891565 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 1 0 0 0 1 24 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 8286924744 214 NORTH KING STREET HENDERSONVILLE NC 28792 M HILTON SWING PRESIDENT 2.00 X X 0 0 0 SHERYL FORTUNE VICE PRESIDENT 2.00 X X 0 0 0 DANIEL HEYMAN TREASURER 2.00 X X 0 0 0 BLANCA SANCHEZ SECRETARY 2.00 X X 0 0 0 MARILYN BAILEY DIRECTOR 1.00 X 0 0 0 KRISTEN LEE DIRECTOR 1.00 X 0 0 0 ELLEN MACDONALD-ALMAZAN DIRECTOR 1.00 X 0 0 0 STEVEN ORR MEMBER-AT-LARGE 1.00 X 0 0 0 SUSAN FERRELL DIRECTOR 1.00 X 0 0 0 STEVE WILKIE DIRECTOR 1.00 X 0 0 0 PENNY TAYLOR DIRECTOR 1.00 X 0 0 0 JENNIFER DUVALL DIRECTOR 1.00 X 0 0 0 BROOK GILBERT DIRECTOR 1.00 X 0 0 0 BRETT ENGLISH DIRECTOR 1.00 X 0 0 0 CARL CONLEY JUNIOR DIRECTOR 1.00 X 0 0 0 TYLER HENRY DIRECTOR 1.00 X 0 0 0 ASHLYNN LANDRETH MCCOY OUTGOING EXECUTIVE DIRECTOR 40.00 X 76008 0 6425 SEAN ROSE INTERIM EXECUTIVE DIRECTOR 40.00 X 73581 0 7927 149589 0 14352 0 0 0 0 0 201 841840 939460 1781501 RENTAL REVENUE 531110 396403 396403 INCENTIVE MANAGEMENT F 531390 120202 120202 PROGRAM INCOME 531390 85104 85104 DEVELOPER FEE 531390 7600 7600 609309 2953 2953 835663 552051 283612 283612 283612 38912 8237 30675 30675 MISCELLANEOUS INCOME 900099 62271 62271 62271 2770321 671580 0 317240 735359 595640 80890 58829 114322 92600 12576 9146 57808 46824 6359 4625 47025 47025 18648 10862 4173 3613 11965 10205 863 897 12366 10178 1601 587 12752 10508 1299 945 148476 143975 2606 1895 55595 45033 6115 4447 PROGRAM EXPENSE 472547 472547 APARTMENT SERVICES 398972 398972 MATERIALS AND SUPPLIES 23685 4415 6132 13138 NON-PROJECT EXPENSE 19910 19910 41029 29896 10870 263 2170459 1891565 180509 98385 1630540 1775922 109440 50149 21506 43548 1489986 1504775 19720 24708 5589318 2950192 2704927 2639126 17671 70917 1065908 1603318 7059698 7712463 81823 116006 1064085 1171646 1340648 1222843 17355 13600 2503911 2524095 X 3012863 3630655 1542924 1557713 4555787 5188368 7059698 7712463 599862 14789 17930 0 X 0 1 X 1 1 1 X 545246 584690 968297 919880 1781501 4799614 545246 584690 968297 919880 1781501 4799614 778870 4020744 311640 275409 312747 315776 399356 1614928 118361 232806 75774 90018 101183 618142 7032684 1875482 0.57170 0.64010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46525 -6198 1963 352 38012 42134 6587 1867 329 46525 20179 1366 729 134 20682 17423 3249 354 140 20179 19346 -1612 166 145 17423 1 0 825057 825057 4674325 2896432 1777893 89936 53760 36176 2639126 REAL ESTATE HELD FOR DEVELOPMENT AND SALE 963173 RESERVE FOR REPLACEMENTS 406497 INTEREST IN ASSETS HELD BY OTHERS 38012 TENANT SECURITY DEPOSITS 13600 OPERATING RESERVE 22849 DUE FROM AFFILIATES 100 DEBT SERVICE SAVINGS 148352 ESCROW DEPOSITS 1840 RIGHT-TO-USE LEASED ASSET 8895 1603318 TENANT SECURITY DEPOSITS 13600 13600 X PART X, LINE 2: IT IS THE CORPORATION'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 CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2022 AND 2021. HOME IN ONE GOLF TOURNAMENT 12069 12069 2887 DRAW DOWN 20550 20550 5350 3 6293 6293 0 38912 38912 8237 8237 30675 FORM 990, PART VI, SECTION B, LINE 11B THOROUGH REVIEW BY EXECUTIVE COMMITTEE AND COPY PROVIDED TO ALL OTHER BOARD MEMBERS FOR REVIEW AS WELL. FORMAL APPROVAL OF THE BOARD IS REQUIRED FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND STAFF ARE REQUIRED ANNUALLY TO COMPLETE A CONFLICT OF INTEREST FORM DISCLOSING ALL ACTUAL OR PERCEIVED CONFLICTS OF INTEREST IN BUSINESS INTERESTS, OTHER BOARD OR COMMITTEE MEMBERSHIPS, CONTRACTUAL RELATIONSHIPS OR AGENCY SERVICES. ABSTENTION FROM VOTING AND INFLUENCING DECISIONS ON A REAL OR PERCEIVED CONFLICT OF INTEREST IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE HELD IN THE OFFICE AND MADE AVAILABLE UPON REQUEST. KING CREEK COTTAGES INC PO BOX 2057 HENDERSONVILLE NC 28793 134257615 APARTMENT RENTAL NC 501(C)(3) LINE 7 THE HOUSING ASSISTANCE CORPORATION 0 REGAL OAKS APARTMENTS INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 455268425 APARTMENT RENTAL NC 501(C)(3) LINE 11 THE HOUSING ASSISTANCE CORPORATION 0 PARKVIEW APARTMENTS LIMITED PARTNERSHIP 602 KANUGA ROAD HENDERSONVILLE NC 28739 561935251 APARTMENT RENTALS NC THE HOUSING ASSISTANCE CORPORATION RELATED 38246 898732 0 0 0.99000 HIGHLAND VIEW LIMITED PARTNERSHIP POBOX 26405 GREENSBORO NC 27404 562355727 APARTMENT RENTALS NC THE HOUSING ASSISTANCE CORPORATION RELATED -19744 1279283 0 0 0.99000 HIGHLAND VIEW GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 562355727 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -3 1.00000 1 HILLSIDE COMMONS GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 562253310 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C 1.00000 1 SUGAR HILL GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 205232045 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -8 600 1.00000 1 OAK HAVEN APARTMENTS GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 273481126 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -12 1.00000 1 PARKVIEW THAC GP INC 602 KANUGA ROAD HENDERSONVILLE NC 28739 474363789 APARTMENT RENTAL NC THE HOUSING ASSISTANCE CORPORATION C -312 638 1.00000 1 OKLAWAHA VILLAGE APARTMENTS LLC 602 KANUGA ROAD HENDERSONVILLE NC 28739 814564683 REAL ESTATE INVESTMENT NC THE HOUSING ASSISTANCE CORPORATION C -19 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0