2025-11-14T13:53:38+00:00 2024-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2024-01-01 561085131 DHIC Inc DHIC 9198324345 PO Box 2185 Raleigh NC 27602 Yolanda C Winstead President 9198324345 2025-11-14 false Kevin Rayfield P00290535 3368895156 2025-11-13 2024 2025-03-06 01:10:19Z Yolanda C Winstead PO Box 2185 Raleigh NC 27602 22132443 false X www.dhic.org X 1973 NC TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS 15 15 29 0 0 1146787 1294011 5980867 4631328 471283 492718 722286 15714386 8321223 22132443 45366 38160 0 3266241 3629530 0 0 1296159 1972309 4607766 5639999 3713457 16492444 35451799 54264349 775383 3095489 34676416 51168860 TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS false false 3795045 38160 20734154 THESE EXPENSES ARE GENERATED BY VARIOUS DEVELOPMENTS OF LOW-INCOME HOUSING PROJECTS. MODERATE AND LOW-INCOME FAMILIES WILL OCCUPY THE HOMES UPON COMPLETION. 3795045 true true false true false 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 false false true true true true false false true 26 0 true 29 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 false true true true true true true true true false 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 Danny Kadis 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 Joyce Spivey Director 0.5 0.5 X 0 0 0 Meghan Melloy Director 0.5 0.5 X 0 0 0 Miguel Figueras Director 0.5 0.5 X 0 0 0 Patricia Swasey 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 Utica Cason Director 0.5 0.5 X 0 0 0 Natalie Britt SVP 40.0 0.5 X 176125 0 29597 Sharon Lorden SVP / CFO 40.0 0.5 X 189315 0 33660 William Ward VP / Treasurer 40.0 0.5 X 154527 0 24564 Yolanda Winstead President 40.0 0.5 X 243655 0 41059 Atinuke Diver VP of Resource Development 40.0 0.5 X 140355 0 25284 Joseph Omozokpea Senior Project Manager 40.0 0.5 X 106655 0 20854 Kayla Rosenburg Senior Project Manager 40.0 0.5 X 123272 0 21082 Sheila Porter Assistant Secretary 40.0 0.5 X 130973 0 28037 William Jackson Director of Asset Management 40.0 0.5 X 103250 0 16055 1368127 0 240192 11 false true false Rankin McKenzie LLC PO Box 90113 Raleigh NC 27675 Accounting Services 177681 Tatum Consulting 2212 Middlefield Court raleigh NC 27615 Asset Mgmt Consulting 147000 2 1036450 257561 1294011 Project Development Fee 531110 2957902 2957902 Partnership Mgmt Fee 531110 1645571 1645571 Homeownership Counseling 531110 27855 27855 0 0 0 0 4631328 492718 388440 104278 0 0 0 0 Assignment of Notes Receivable 531110 12127802 12127802 Investment Transfer from Affiliate 531110 2432102 2432102 Other Income 531110 1154482 1154482 0 0 0 0 15714386 22132443 20734154 0 104278 38160 38160 763621 176125 587496 2052235 1460417 591818 261687 137150 124537 349557 186750 162807 202430 105350 97080 13173 4459 8714 77881 0 77881 480081 372681 107400 0 157374 144944 12430 29863 3675 26188 58742 44510 14232 25493 10623 14870 Development Expense 835699 835699 Miscellaneous Admin 93211 93211 Program Expense 74815 73553 1262 Repairs and Maintenance 68555 56540 12015 57422 51198 6224 0 5639999 3795045 1844954 0 8340769 8926209 435735 1071738 0 0 0 0 10518964 22971078 9382 6783 364687 364687 0 0 0 0 16146949 21288541 35451799 54264349 650033 785489 350 0 0 0 125000 2310000 0 0 775383 3095489 X 33114226 49722824 1562190 1446036 34676416 51168860 35451799 54264349 16492444 0 X false true true false X 1419357 1458773 2029070 1146787 1294011 7347998 3227105 3383065 3510406 5954845 4603473 20678894 0 0 0 4646462 4841838 5539476 7101632 5897484 28026892 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28026892 355207 352730 424504 399903 388440 1920784 0 355207 352730 424504 399903 388440 1920784 0 519792 812098 460491 748308 15742241 18282930 5521461 6006666 6424471 8249843 22028165 48230606 0.58110 0.85633 0.04 0.05 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 519792.0, COLUMN B - 812098.0, COLUMN C - 460491.0, COLUMN D - 748308.0, COLUMN E - 15742241.0, COLUMN F - 18282930.0; 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 0 0 0 0 0 0 0 0 331465 331465 0 33222 33222 0 0 CONSTRUCTION IN PROGRESS 3897607 DUE FROM AFFILIATES 3223236 INVESTMENT IN PARTNERSHIP 2929748 DEVELOPMENT FEES RECEIVABLE 6756255 MANAGEMENT FEES RECEIVABLE 839040 ACCRUED INTEREST RECEIVABLE 3642655 21288541 0 X 0 0 0 0 0 0 0 0 0 0 0 0 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, 2024. Fiscal years ending on or after December 31, 2021 remain subject to examination by federal and state tax authorities. true Beacon Ridge LLC 113 South Wilmington Street Raleigh NC 27601 831728987 10824 Residential Rental Assistance Tryon Grove LLC 113 South Wilmington Street Raleigh NC 27601 561753633 5596 Residential Rental Assistance Washington Terrace Affordable Housing LLC 113 South Wilmington Street Raleigh NC 27601 811680336 12290 Residential Rental Assistance 0 3 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 230655 0 13000 0 0 0 26653 0 14406 0 284714 0 0 0 Sharon Lorden SVP / CFO 176315 0 13000 0 0 0 20558 0 13102 0 222975 0 0 0 Natalie Britt SVP 163125 0 13000 0 0 0 19078 0 10519 0 205722 0 0 0 William Ward VP / Treasurer 141527 0 13000 0 0 0 16656 0 7908 0 179091 0 0 0 Atinuke Diver VP of Resource Development 127355 0 13000 0 0 0 15348 0 9936 0 165639 0 0 0 Sheila Porter Assistant Secretary 117973 0 13000 0 0 0 14014 0 14023 0 159010 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 XII, Line 2c THE PROCESS HAS NOT CHANGED SINCE LAST YEAR. BFAH LLC PO Box 2185 Raleigh NC 27602 873431320 Low-Income Housing NC -78 2186332 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 LOW-INCOME SENIOR ADULTS 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 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 DHIC Preservation I LLC pO BOX 2186 RALEIGH NC 27602 992728209 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 DHIC INC C Corporation -217 0 1 false Beacon Ridge Development Inc PO BOX 2185 RALEIGH NC 27602 831715644 REAL ESTATE RENTAL NC DHIC INC C Corporation -45 0 1 false BOOKER PARK NORTH HOUSING INC PO BOX 2185 RALEIGH NC 27602 813856928 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false Booker Park South Housing Inc PO BOX 2185 RALEIGH NC 27602 852755576 REAL ESTATE RENTAL NC DHIC INC C Corporation -41 0 1 false Broadstone Walk Development Inc PO BOX 2185 RALEIGH NC 27602 872401377 REAL ESTATE RENTAL NC DHIC INC C Corporation -445 0 1 false BROOKRIDGE AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 770698722 REAL ESTATE RENTAL NC DHIC INC C Corporation -12 0 1 false Camden Glen Affordable Housing Inc PO BOX 2185 RALEIGH NC 27602 463790607 REAL ESTATE RENTAL NC DHIC INC C Corporation -14 177 1 false Creston Commons Affordable Housing Inc PO BOX 2185 RALEIGH NC 27602 920971599 REAL ESTATE RENTAL NC DHIC INC C Corporation -71 0 1 false DACIAN GLEN REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 841719006 REAL ESTATE RENTAL NC DHIC INC C Corporation 881 0 1 false Davis Drive Development Inc PO BOX 2185 RALEIGH NC 27602 464225408 REAL ESTATE RENTAL NC DHIC INC C Corporation -11 235 1 false DHIC Preservation I Managing Member LLC PO BOX 2185 RALEIGH NC 27602 932196253 REAL ESTATE RENTAL NC DHIC INC C Corporation -5 2430622 1 false GREENFIELD COMMONS DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 813900218 REAL ESTATE RENTAL NC DHIC INC C Corporation -32 0 1 false Greenfield Place Development Inc PO BOX 2185 RALEIGH NC 27602 475077232 REAL ESTATE RENTAL NC DHIC INC C Corporation -17 0 1 false Hardee Street Managing Member LLC PO BOX 2185 RALEIGH NC 27602 872594916 REAL ESTATE RENTAL NC DHIC INC C Corporation 4 8 1 false MAPLEWOOD SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 770698720 REAL ESTATE RENTAL NC DHIC INC C Corporation -6 179952 1 false MEADOWCREEK SENIORS INC PO BOX 2185 RALEIGH NC 27602 270854784 REAL ESTATE RENTAL NC DHIC INC C Corporation -18 0 1 false Milner Senior Housing Inc PO BOX 2185 RALEIGH NC 27602 883817300 REAL ESTATE RENTAL NC DHIC INC C Corporation -263 0 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 Inc PO BOX 2185 RALEIGH NC 27602 852758646 REAL ESTATE RENTAL NC DHIC INC C Corporation -121 0 1 false ROG REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 461156743 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false SIX FORKS SENIORS INC PO BOX 2185 RALEIGH NC 27602 814480756 REAL ESTATE RENTAL NC DHIC INC C Corporation -282568 0 1 false Sportsmanship Housing Inc PO BOX 2185 RALEIGH NC 27602 922965934 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false WATER GARDEN AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 273427009 REAL ESTATE RENTAL NC DHIC INC C Corporation 0 0 1 false WATER GARDEN SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 452776028 REAL ESTATE RENTAL NC DHIC INC C Corporation -19 713 1 false Weston Trace Affordable Housing Inc PO BOX 2185 RALEIGH NC 27602 822774856 REAL ESTATE RENTAL NC DHIC INC C Corporation -11 228959 1 false Willard Street Manager LLC PO BOX 2185 RALEIGH NC 27602 831895170 REAL ESTATE RENTAL NC DHIC INC C Corporation -61 0 1 false true false false true false false false false false false false false false false true false false false false Ashton Place Housing LLC D 180542 Accrual Booker Park North LLC D 201506 Accrual Booker Park South LLC D 123333 Accrual Broadstone Walk LLC D 342403 Accrual BROOKRIDGE HOUSING LLC D 264000 Accrual CAMDEN GLEN LLC D 84492 Accrual community revitalization preservation corporation D 5301533 Accrual community revitalization preservation corporation A 492718 Accrual community revitalization preservation corporation O 1563738 Accrual Greenfield Senior Housing LLC D 260000 Accrual Greenfield Workforce Housing LLC D 438968 Accrual Hardee Street Housing LLC D 64970 Accrual MAPLEWOOD PARTNERS llc D 300000 Accrual Pennington Grove II LLC D 54307 Accrual Primavera D 1936231 Accrual Weston Trace Partners LLC D 484293 Accrual WILLOW CREEK SENIORS LLC D 244829 Accrual MACGREGOR HOUSING DEVELOPMENT CORPORATION D 136000 ACCRUAL