2024-11-15T22:39:28+00:00 2023-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2023-01-01 581707107 Community Revitalization & Preservation Corporation COMM 9198324345 PO Box 2185 Raleigh NC 27602 Yolanda Winstead President 9198324345 2024-11-16 false true Kevin Rayfield P00290535 3368895156 2024-11-15 2023 2024-10-15 13:58:12Z Yolanda Winstead PO Box 2185 Raleigh NC 27602 10425159 false X N/A X 1985 NC To build, promote, and preserve affordable housing for low and moderate income persons. 5 5 0 0 0 0 0 0 7940905 9605498 1655920 397340 175603 283032 9772428 10285870 0 0 0 0 1261452 1514643 0 0 0 7678493 10787106 8939945 12301749 832483 -2015879 49451333 60297416 47533717 54071142 1917616 6226274 To build, promote, and preserve affordable housing for low and moderate income persons. false false 10089187 9954278 The corporation builds, promotes, and preserves affordable housing for low and moderate income persons. 10089187 true false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 166 0 true 0 false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false X X Sharon Lorden 9198324345 113 South Wilmington Street Raleigh NC 27601 Betsy Rozakis Director 0.5 0.5 X 0 0 0 Chico Scott Director 0.5 0.5 X 0 0 0 Gordon Grubb Director 0.5 0.5 X 0 0 0 Jordan Maness Vice Chair 0.5 0.5 X 0 0 0 Tyler Craft Chair 0.5 0.5 X 0 0 0 Natalie Britt SVP 0.5 40.0 X 0 176670 36499 Sharon Lorden SVP/CFO 0.5 40.0 X 0 189905 41008 William Ward VP/Treasurer 0.5 40.0 X 0 137564 28634 Yolanda Winstead President 0.5 40.0 X 0 244426 51012 Atinuke Diver VP of Resource Development 0.5 40.0 X 0 133350 20597 Joseph Omozokpea Senior Project Manager 0.5 40.0 X 0 106473 24759 Kayla Rosenburg Senior Project Manager 0.5 40.0 X 0 118974 24891 Sheila Porter Assistant Secretary 0.5 40.0 X 0 131368 33102 Skip Jackson Director 0.5 40.0 X 0 102833 26734 0 1341563 287236 5 false true false 0 0 Rental Income 532000 9605498 9605498 0 0 0 0 9605498 331592 331592 0 0 205037 139289 0 65748 65748 65748 Other Income 531110 283032 283032 0 0 0 0 283032 10285870 9954278 0 331592 1514643 1514643 185989 185989 0 0 0 0 6066 6066 515098 515098 3366491 3366491 1481849 1481849 2552162 2552162 Management Fee 2212562 2212562 Tax and Insurance 418330 418330 Bad Debt Expense 48559 48559 0 0 0 0 12301749 10089187 2212562 0 8320971 9149780 192703 247915 0 0 0 77022 114766 98208991 48431058 40130982 49777933 0 695509 695509 34146 311513 49451333 60297416 374758 4890889 41041 64748 0 46635557 48546176 482361 569329 47533717 54071142 1917616 6226274 1917616 6226274 49451333 60297416 X -2015879 6324537 X false true X true false X 0 5410238 5713773 6292875 7940905 9605498 34963289 0 0 0 5410238 5713773 6292875 7940905 9605498 34963289 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34963289 12921 6446 11173 42771 331592 404903 0 12921 6446 11173 42771 331592 404903 0 243904 154441 265827 1788752 348780 2801704 5667063 5874660 6569875 9772428 10285870 38169896 0.9160 0.9148 0.01 0.0025 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 243904.0, COLUMN B - 154441.0, COLUMN C - 265827.0, COLUMN D - 1788752.0, COLUMN E - 348780.0, COLUMN F - 2801704.0; 9618744 9618744 76590588 38090858 38499730 9004798 7579427 1425371 1113507 955293 158214 1881354 1805480 75874 49777933 Tenant Security Deposits 569329 569329 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote DHIC and its non-profit affiliates are not-for-profit corporations, pursuant to section 501(c)(3) of the internal revenue code and, accordingly, are exempt from federal and state income taxes. The income or loss from the limited partnerships/liability companies is reported by the individual partners/members on their income tax returns. Thus, the accompanying consolidated financial statements do not reflect a provision or liability under federal and state income taxes. false false false false false false false false false Yolanda Winstead President 0 231426 0 13000 0 0 0 37363 0 13649 0 295438 0 0 Sharon Lorden SVP/CFO 0 176905 0 13000 0 0 0 28744 0 12264 0 230913 0 0 Natalie Britt SVP 0 163670 0 13000 0 0 0 26653 0 9846 0 213169 0 0 William Ward VP/Treasurer 0 124564 0 13000 0 0 0 20997 0 7637 0 166198 0 0 Sheila Porter Assistant Secretary 0 118368 0 13000 0 0 0 19491 0 13611 0 164470 0 0 Atinuke Diver VP of Resource Development 0 123600 0 9750 0 0 0 11124 0 9473 0 153947 0 0 Schedule J, Part I, Line 1b 1 NONE OF THE BENEFITS WERE PROVIDED. Form 990, Part VI, Line 11b Review of form 990 by governing body A copy of Form 990 is provided via email to the board of directors prior to filing for their review and comments. Form 990, Part VI, Line 12c Conflict of interest policy Board members and officers must annually review and sign policy. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation for officers is paid by DHIC, Inc, a related entity. DHIC, Inc. periodically performs salary comparability studies. The president's salary and top management's salary must be approved by the board of directors of DHIC, Inc. Form 990, Part VI, Line 19 Required documents available to the public Governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Consolidation of Other Entities - 6917692; Capital Distributions from Investment - -593155; HIGHLAND TERRACE LLC PO BOX 2185 RALEIGH NC 27602 800262753 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -172338 5899097 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION SANTREE COMMONS LLC PO BOX 2185 RALEIGH NC 27602 562033372 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -23944 646233 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION bay river housing llc PO BOX 2185 rALEIGH NC 27602 561989685 coNSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -37468 776982 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Ripley Station Housing LLC PO BOX 2185 RALEIGH NC 27602 561927158 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -59800 1666811 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION SEDGEBROOK HOUSING LLC PO BOX 2185 RALEIGH NC 27602 561852460 CONSTRUCTING AND OPERATING A 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COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Prairie LLC pO BOX 2185 rALEIGH NC 27602 cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -37185 921198 cOMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Beechridge LLC pO BOX 2185 rALEIGH NC 27602 cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -26593 4152364 cOMMUNITY REVITALIZATION AND PRESERVATION CORPORATION BRAEBOURNE HOUSING LLC PO BOX 2185 RALEIGH NC 27602 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -2320 5279197 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Cardinal Chase Development LLC PO BOX 2185 RALEIGH NC 27602 742998559 cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -78335 2758867 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Lennox Chase Development LLC PO BOX 2185 RALEIGH NC 27602 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -101587 1883650 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Creston Commons II LLC PO BOX 2185 RALEIGH NC 27602 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -245458 0 ComMUNITY REVITALIZATION AND PRESERVATION CORPORATION Creston Commons LLC PO BOX 2185 RALEIGH NC 27602 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -311378 0 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION The Commons at Highland LLC pO BOX 2185 rALEIGH NC 27602 cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -63391 4039394 cOMMUNITY REVITALIZATION AND PRESERVATION CORPORATION MACGREGOR HOUSING I LLC PO BOX 2185 RALEIGH NC 27602 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -51364 2382903 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Tryon Grove LLC PO BOX 2185 RALEIGH NC 27602 561753633 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -62168 1603401 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Highland Village Housing LLC PO BOX 2185 RALEIGH NC 27602 300097292 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -133814 3691548 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Wakefield Affordable Housing LLC PO BOX 2185 RALEIGH NC 27602 760806946 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -119603 6219460 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION Wakefield Manor LLC PO BOX 2185 rALEIGH NC 27602 205779467 CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT NC -149106 7270264 COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION DHIC INC pO BOX 2185 RALEIGH NC 27602 561085131 construction and management of low-income housing NC 501(c)(3) 10 N/A WASHINGTON TERRACE REDEVELOPMENT INC pO BOX 2185 RALEIGH NC 27602 581747465 HOUSING FOR LOW INCOME PERSONS NC 501(c)(3) 10 DHIC INC MACGREGOR HOUSING DEVELOPMENT CORPORATION pO BOX 2185 RALEIGH NC 27602 562237995 TO DEVELOP, CONSTRUCT, OWN AND OPERATE A LOW INCOME HOUSING COMPLEX NC 501(c)(3) 10 DHIC INC CHADWICK APARTMENTS INC pO BOX 2185 RALEIGH NC 27602 561786295 TO PROVIDE LOW INCOME HOUSING NC 501(c)(3) 10 DHIC INC HIGHLAND MANOR APARTMENTS INC pO BOX 2185 RALEIGH NC 27602 300144947 TO OWN AND OPERATE A 32-UNIT APARTMENT PROJECT FOR SENIOR ADULTS WITH LOW IN NC 501(c)(3) 10 DHIC INC ROANOKE HOUSING DEVELOPMENT CORPORATION pO BOX 2185 RALEIGH NC 27602 581738127 HOUSING FOR ELDERLY AND HANDICAPPED NC 501(c)(3) 10 DHIC INC WFEH INC pO BOX 2185 RALEIGH NC 27602 561930136 HOUSING FOR LOW INCOME PERSONS NC 501(c)(3) 10 DHIC INC Ashton Place Developer LLC PO BOX 2185 RALEIGH NC 27602 874085651 LOW-INCOME HOUSING NC NA N/A false false Ashton Place Housing LLC PO BOX 2185 RALEIGH NC 27602 872612408 LOW-INCOME HOUSING NC NA N/A false false Beacon Ridge LLC PO BOX 2185 RALEIGH NC 27602 831728987 LOW-INCOME HOUSING NC NA N/A false false BOOKER PARK NORTH LLC - pO BOX 2185 rALEIGH NC 27602 813919553 lOW-INCOME HOUSING NC NA N/A false false Booker Park South LLC PO BOX 2185 RALEIGH NC 27602 852810077 LOW-INCOME HOUSING NC NA N/A false false Broadstone Walk LLC PO BOX 2185 RALEIGH NC 27602 872401950 LOW-INCOME HOUSING NC NA N/A false false BROOKRIDGE HOUSING LLC pO BOX 2185 RALEIGH NC 27602 770698724 LOW-INCOME HOUSING NC NA N/A false false Camden Glen LLC pO BOX 2185 rALEIGH NC 27602 463760565 lOW-INCOME HOUSING NC NA N/A false false Capital Towers III LLC PO BOX 2185 RALEIGH NC 27602 811157728 LOW-INCOME HOUSING NC NA N/A false false Creston Commons Partners LLC PO BOX 2185 RALEIGH NC 27602 920986916 LOW-INCOME HOUSING NC NA N/A false false DACIAN GLEN LLC pO BOX 2185 RALEIGH NC 27602 841719009 LOW-INCOME HOUSING NC NA N/A false false GREENFIELD SENIOR HOUSING LLC pO BOX 2185 rALEIGH NC 27602 813926648 lOW-INCOME HOUSING NC NA N/A false false GREENFIELD WORKFORCE HOUSING LLC pO BOX 2185 rALEIGH NC 27602 475079988 LOW-INCOME HOUSING NC NA N/A false false Hardee Street Developer LLC PO BOX 2185 RALEIGH NC 27602 874097549 LOW-INCOME HOUSING NC NA N/A false false Hardee Street Housing LLC PO BOX 2185 RALEIGH NC 27602 872587352 LOW-INCOME HOUSING NC NA N/A false false MAPLEWOOD PARTNERS LLC pO BOX 2185 RALEIGH NC 27602 770698721 LOW-INCOME HOUSING NC NA N/A false false MEADOWCREEK COMMONS LLC PO BOX 2185 RALEIGH NC 27602 270861151 LOW-INCOME HOUSING NC NA N/A false false Milner Senior Housing Partners LLC pO BOX 2185 RALEIGH NC 27602 844336470 LOW-INCOME HOUSING NC NA N/A false false Pennington Grove II LLC PO BOX 2185 RALEIGH NC 27602 842955164 LOW-INCOME HOUSING NC NA N/A false false PENNINGTON GROVE LLC pO BOX 2185 rALEIGH NC 27602 475081041 LOW-INCOME HOUSING NC NA N/A false false Primavera Seniors LLC PO BOX 2185 RALEIGH NC 27602 852792977 LOW-INCOME HOUSING NC NA N/A false false ROG Preservation LLC pO BOX 2185 rALEIGH NC 27602 461138821 lOW-INCOME HOUSING NC NA N/A false false Sportsmanship Crossing LLC PO BOX 2185 RALEIGH NC 27602 872762343 LOW-INCOME HOUSING NC NA N/A false false WASHINGTON TERRACE AFFORDABLE HOUSING PO BOX 2185 RALEIGH NC 27602 811680336 LOW-INCOME HOUSING NC NA N/A false false WATER GARDEN PARK LLC PO BOX 2185 RALEIGN NC 27602 452775672 LOW-INCOME HOUSING NC NA N/A false false WATER GARDEN VILLAGE LLC PO BOX 2185 RALEIGH NC 27602 900608295 LOW-INCOME HOUSING NC NA N/A false false Weston Trace Partners LLC PO BOX 2185 RALEIGH NC 27602 822785502 LOW-INCOME HOUSING NC NA N/A false false Willard Street Developer LLC PO BOX 2185 RALEIGH NC 27602 834304460 LOW-INCOME HOUSING NC NA N/A false false Willard Street LLC PO BOX 2185 RALEIGH NC 27602 831918550 LOW-INCOME HOUSING NC NA N/A false false Willow Creek Seniors LLC PO BOX 2185 RALEIGH NC 27602 463753178 LOW-INCOME HOUSING NC NA N/A false false Ashton Place Managing Member LLC PO BOX 2185 Raleigh NC 27602 874040924 REAL ESTATE RENTAL NC NA C Corporation false Beacon Ridge dEVELOPMENT Inc PO BOX 2185 Raleigh NC 27602 831715644 REAL ESTATE RENTAL NC NA C Corporation false BOOKER PARK NORTH HOUSING INC PO BOX 2185 Raleigh NC 27602 813856928 REAL ESTATE RENTAL NC NA C Corporation false Booker Park South Housing Inc PO BOX 2185 Raleigh NC 27602 852755576 REAL ESTATE RENTAL NC NA C Corporation false BROOKRIDGE AFFORDABLE HOUSING INC pO BOX 2185 Raleigh NC 27602 770698722 REAL ESTATE RENTAL NC NA C Corporation false Camden Glen Affordable Housing Inc PO BOX 2185 Raleigh NC 27602 463790607 REAL ESTATE RENTAL NC NA C Corporation false CARDINAL CHASE INC pO BOX 2185 Raleigh NC 27602 742998558 REAL ESTATE RENTAL NC NA C Corporation false CARLTON PLACE INC pO BOX 2185 Raleigh NC 27602 800086447 REAL ESTATE RENTAL NC NA C Corporation false COMMON OAKS AFFORDABLE HOUSING INC pO BOX 2185 Raleigh NC 27602 760806937 REAL ESTATE RENTAL NC NA C Corporation false DACIAN GLEN REDEVELOPMENT INC pO BOX 2185 Raleigh NC 27602 841719006 REAL ESTATE RENTAL NC NA C Corporation false Davis Drive Development Inc PO BOX 2185 Raleigh NC 27602 464225408 REAL ESTATE RENTAL NC NA C Corporation false Greenfield Commons Development Inc PO BOX 2185 Raleigh NC 27602 813900218 REAL ESTATE RENTAL NC NA C Corporation false Greenfield Place Development Inc PO BOX 2185 Raleigh NC 27602 475077232 REAL ESTATE RENTAL NC NA C Corporation false Hardee Street Managing Member LLC PO BOX 2185 Raleigh NC 27602 872594916 REAL ESTATE RENTAL NC NA C Corporation false HIGHLAND VILLAGE DEVELOPMENT INC pO BOX 2185 Raleigh NC 27602 043677323 REAL ESTATE RENTAL NC NA C Corporation false MAPLEWOOD SENIOR HOUSING INC pO BOX 2185 Raleigh NC 27602 770698720 REAL ESTATE RENTAL NC NA C Corporation false MEADOWCREEK SENIORS INC pO BOX 2185 Raleigh NC 27602 270854784 rEAL ESTATE RENTAL NC NA C Corporation false Milner Senior Housing Inc PO BOX 2185 Raleigh NC 27602 883817300 REAL ESTATE RENTAL NC NA C Corporation false Pennington Grove Senior Housing II Inc pO BOX 2185 Raleigh NC 27602 842939520 REAL ESTATE RENTAL NC NA C Corporation false PENNINGTON GROVE SENIOR HOUSING INC PO BOX 2185 Raleigh NC 27602 811734591 REAL ESTATE RENTAL NC NA C Corporation false Primavera Seniors Housing Inc PO BOX 2185 Raleigh NC 27602 852758646 REAL ESTATE RENTAL NC NA C Corporation false ROG Redevelopment Inc pO BOX 2185 Raleigh NC 27602 461156743 rEAL ESTATE RENTAL NC NA C Corporation false Six Forks Seniors Inc PO BOX 2185 Raleigh NC 27602 814480756 REAL ESTATE RENTAL NC NA C Corporation false Sportsmanship Housing Inc PO BOX 2185 Raleigh NC 27602 922965934 REAL ESTATE RENTAL NC NA C Corporation false WAKEFIELD SENIOR HOUSING INC pO BOX 2185 Raleigh NC 27602 205779138 REAL ESTATE RENTAL NC NA C Corporation false WATER GARDEN AFFORDABLE HOUSING INC PO BOX 2185 Raleigh NC 27602 273427009 REAL ESTATE RENTAL NC NA C Corporation false WATER GARDEN SENIOR HOUSING INC PO BOX 2185 Raleigh NC 27602 452776028 REAL ESTATE RENTAL NC NA C Corporation false Weston Trace Affordable Housing Inc PO BOX 2185 Raleigh NC 27602 822774856 REAL ESTATE RENTAL NC NA C Corporation false Willard Street Manager LLC PO BOX 2185 Raleigh NC 27602 831895170 REAL ESTATE RENTAL NC NA C Corporation false DHIC Preservation Managing Member LLC PO BOX 2185 Raleigh NC 27602 932196253 REAL ESTATE RENTAL NC NA C Corporation false CRESTON COMMONS DEVELOPMENT CORPORATION PO BOX 2185 RALEIGH NC 27602 020659962 REAL ESTATE RENTAL NC N/A C Corporation false BROADSTONE WALK DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 872401377 REAL ESTATE RENTAL NC N/A C Corporation false false false false false true false false false false false false false false false true false false false false DHIC Inc O 849119 Accrual DHIC Inc E 6958969 Accrual