2024-11-15T22:42:29+00:00 2023-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2023-01-01 561085131 DHIC Inc DHIC 9198324345 PO Box 2185 Raleigh NC 27602 Yolanda C Winstead President 9198324345 2024-11-16 false true Kevin Rayfield P00290535 3368895156 2024-11-16 2023 2024-10-15 13:58:12Z Yolanda C Winstead PO Box 2185 Raleigh NC 27602 8321223 false X www.dhic.org X 1973 NC TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS 15 15 28 0 0 2029070 1146787 3532453 5980867 432739 471283 438444 722286 6432706 8321223 43101 45366 0 3285109 3266241 0 0 1773750 1296159 5101960 4607766 1330746 3713457 31913929 35451799 950970 775383 30962959 34676416 TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS false false 2846232 45366 7103056 THESE EXPENSES ARE GENERATED BY VARIOUS DEVELOPMENTS OF LOW-INCOME HOUSING PROJECTS. MODERATE AND LOW-INCOME FAMILIES WILL OCCUPY THE HOMES UPON COMPLETION. 2846232 true true false true false false false false false true false false true false true false true false false false false false false false false false true false true false false false false false false false false false false false false true true true true false false true 34 0 true 28 true false false false false false false false false false false false false X 15 15 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 Ashleigh Hales Director 0.5 0.5 X 0 0 0 Betsy Rozakis Director 0.5 0.5 X 0 0 0 Chico Scott Director 0.5 0.5 X 0 0 0 Danny Kadis Director 0.5 0.5 X 0 0 0 Gordon Grubb Director 0.5 0.5 X 0 0 0 Jesse McCoy Director 0.5 0.5 X 0 0 0 Jordan Maness Vice Chair 0.5 0.5 X 0 0 0 Joyce Spivey Director 0.5 0.5 X 0 0 0 Meghan Melo Director 0.5 0.5 X 0 0 0 Miguel Figueras Director 0.5 0.5 X 0 0 0 Russell Pierce Director 0.5 0.5 X 0 0 0 Samone Bullock Dillahunt Director 0.5 0.5 X 0 0 0 Soberina Traywick Director 0.5 0.5 X 0 0 0 Steve Evans Director 0.5 0.5 X 0 0 0 Tyler Craft Chair 0.5 0.5 X 0 0 0 Natalie Britt SVP 40.0 0.5 X 176670 0 36499 Sharon Lorden SVP/CFO 40.0 0.5 X 189905 0 41008 William Ward VP/Tresurer 40.0 0.5 X 137564 0 28634 Yolanda Winstead President 40.0 0.5 X 244426 0 51012 Atinuke Diver VP of Resource Development 40.0 0.5 X 133350 0 20597 Joseph Omozokpea Senior Project Manager 40.0 0.5 X 106473 0 24759 Kayla Rosenburg Senior Project Manager 40.0 0.5 X 118974 0 24891 Sheila Porter Assistant Secretary 40.0 0.5 X 131368 0 33102 Skip Jackson Director of Asset Management 40.0 0.5 X 102833 0 26734 1341563 0 287236 9 false true false Rankin McKenzie LLC PO Box 90113 Raleigh NY 27675 Accounting & HR Services 175211 1 818525 328262 1146787 Project Dev Fee 531110 4054779 4054779 Ptnership MGT. Fee 531110 1900066 1900066 Homeownership Counseling 531110 26022 26022 0 0 0 0 5980867 471283 399903 71380 0 0 0 0 Other Income 531110 722286 722286 0 0 0 0 722286 8321223 7103056 0 71380 X 45366 45366 748565 176670 571895 0 1738501 1211343 527158 262112 144321 117791 336469 183377 153092 180594 103159 77435 12180 12180 52725 52725 490897 423305 67592 0 76224 18903 57321 30683 25813 4870 72855 54228 18627 31598 3006 28592 Program Expense 214507 214507 Repairs and Maintenance 59969 49195 10774 Training 59522 48284 11238 Corporate Insurance & Taxes 53470 39921 13549 141529 92654 48875 0 4607766 2846232 1761534 0 8368755 8340769 839790 435735 0 0 0 10676308 10518964 40549 9382 364687 364687 0 0 0 0 11988527 16146949 31913929 35451799 825970 650033 0 350 0 125000 125000 0 0 950970 775383 X 28618451 33114226 2344508 1562190 30962959 34676416 31913929 35451799 3713457 0 X false true X true false X 1498717 1419357 1458773 2029070 1146787 7552704 5199649 3227105 3383065 3510406 5954845 21275070 0 0 0 6698366 4646462 4841838 5539476 7101632 28827774 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28827774 318631 355207 352730 424504 399903 1850975 0 318631 355207 352730 424504 399903 1850975 0 444903 519792 812098 460491 748308 2985592 7461900 5521461 6006666 6424471 8249843 33664341 0.8563 0.8359 0.05 0.0583 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 444903.0, COLUMN B - 519792.0, COLUMN C - 812098.0, COLUMN D - 460491.0, COLUMN E - 748308.0, COLUMN F - 2985592.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 331465 331465 0 33222 33222 0 0 CONSTRUCTION IN PROGRESS 1989685 DUE FROM AFFILIATES 3315292 INVESTMENT IN PARTNERSHIP 497646 DEVELOPMENT FEES RECEIVABLE 5908207 MANAGEMENT FEES RECEIVABLE 675018 ACCRUED INTEREST RECEIVABLE 3761101 16146949 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote DHIC has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2023. Fiscal years ending on or after December 31, 2020 remain subject to examination by federal and state tax authorities. true Beacon Ridge LLC 113 South Wilmington Street Raleigh NC 27601 831728987 17040 Residential Rental Assistance The Housing Partnership Network Inc 1 Washington Mall 12th Floor Boston MA 02108 043172401 17500 Residential rental Assistance Washington Terrace Affordable Housing LLC 113 South Wilmington Street Raleigh NC 27601 811680336 10826 Residential Rental Assistance 1 2 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. N/A X X false false false false false false false false false Yolanda Winstead President 231426 0 13000 0 0 0 37363 0 13649 0 295438 0 0 0 Sharon Lorden SVP/CFO 176905 0 13000 0 0 0 28744 0 12264 0 230913 0 0 0 Natalie Britt SVP 163670 0 13000 0 0 0 26653 0 9846 0 213169 0 0 0 William Ward VP/Tresurer 124564 0 13000 0 0 0 20997 0 7637 0 166198 0 0 0 Sheila Porter Assistant Secretary 118368 0 13000 0 0 0 19491 0 13611 0 164470 0 0 0 Atinuke Diver VP of Resource Development 123600 0 9750 0 0 0 11124 0 9473 0 153947 0 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 The policy is annually reviewed at Board Meetings, and must be signed by board members and officers on an annual basis. Form 990, Part VI, Line 15b Process to establish compensation of other employees the organization periodically performs salary comparability studies for management, as well as staff level positions, which are presented to the board of directors. In addition, the president's salary is set and approved by the board. Other management and staff salaries are presented as a salary pool for approval by the board. 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 IX, Line 11g Other Fees Professional Fees - Total Expense: 490897, Program Service Expense: 423305, Management and General Expenses: 67592, Fundraising Expenses: ; Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED SINCE LAST YEAR. BFAH LLC PO Box 2185 Raleigh NC 27602 873431320 Low-Income Housing NC 0 10000 DHIC INC COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION PO BOX 2185 RALEIGH NC 27602 581707107 HOUSING LOANS TO LOW TO MODERATE INCOME INDIVIDUALS NC 501(c)(3) 10 DHIC INC false WASHINGTON TERRACE REDEVELOPMENT inc PO BOX 2185 RALEIGH NC 27602 581747465 HOUSING FOR LOW INCOME PERSONS NC 501(c)(3) 10 DHIC INC false 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 false CHADWICK APARTMENTS INC pO BOX 2185 RALEIGH NC 27602 561786295 TO PROVIDE LOW INCOME HOUSING NC 501(c)(3) 10 DHIC INC false 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 NC 501(c)(3) 10 DHIC INC false ROANOKE HOUSING DEVELOPMENT CORP pO BOX 2185 RALEIGH NC 27602 581738127 HOUSING FOR ELDERLY AND HANDICAPPED NC 501(c)(3) 10 DHIC INC false WFEH INC pO BOX 2185 RALEIGH NC 27602 561930136 HOUSING FOR LOW INCOME PERSONS NC 501(c)(3) 10 DHIC INC false 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 770698725 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 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475077232 rEAL ESTATE RENTAL NC dHIC INC C Corporation -18 0 1 false Hardee Street Managing Member LLC PO BOX 2185 RALEIGH NC 27602 872594916 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false HIGHLAND VILLAGE DEVELOPMENT INC pO BOX 2185 RALEIGH NC 27602 043677323 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false MAPLEWOOD SENIOR HOUSING INC pO BOX 2185 RALEIGH NC 27602 770698720 REAL ESTATE RENTAL NC DHIC INC C Corporation -5 179958 1 false MEADOWCREEK SENIORS INC PO BOX 2185 RALEIGH NC 27602 270854784 REAL ESTATE RENTAL NC DHIC INC C Corporation -16 0 1 false Milner Senior Housing Inc PO BOX 2185 RALEIGH NC 27602 883817300 REAL ESTATE RENTAL NC DHIC INC C Corporation -1 78 1 false Pennington Grove Senior Housing II Inc PO BOX 2185 RALEIGH NC 27602 842939520 REAL ESTATE RENTAL NC dHIC INC C Corporation -13 0 1 false Pennington Grove Senior Housing Inc pO BOX 2185 RALEIGH NC 27602 811734591 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false Primavera Seniors Housing 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Willard Street Manager LLC PO BOX 2185 RALEIGH NC 27602 831895170 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false DHIC Preservation I Managing Member LLC PO BOX 2185 Raleigh NC 27602 932196253 Real Estate Rental NC DHIC Inc C Corporation 0 0 1 CRESTON COMMONS DEVELOPMENT CORPORATION PO BOX 2185 Raleigh NC 27602 020659962 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1.00 false true false false true false false false false false false false false false false true false false false false Booker Park North LLC D 201506 Accrual Broadstone D 360486 Accrual BROOKRIDGE HOUSING LLC D 264000 Accrual CAMDEN GLEN LLC D 116806 Accrual community revitalization preservation corporation D 6961384 Accrual community revitalization preservation corporation A 195465 Accrual community revitalization preservation corporation O 1447371 Accrual DACIAN GLEN APARTMENTS D 450000 Accrual Greenfield Senior Housing LLC D 260000 Accrual Greenfield Workforce Housing LLC D 441872 Accrual MAPLEWOOD 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