2025-11-14T13:51:29+00:00 2024-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2024-01-01 562237995 MacGregor Housing Development Corporation MACG 3367650424 113 South Wilmington Street Raleigh NC 27601 Yolanda Winstead President 3367650424 2025-11-14 false Kevin Rayfield P00290535 3368895156 2025-11-13 2024 2025-03-06 01:10:19Z Yolanda Winstead 113 South Wilmington Street Raleigh NC 27601 219798 false X N/A X 2001 NC TO DEVELOP, CONSTRUCT, OWN, AND OPERATE A LOW INCOME HOUSING COMPLEX IN PITT COUNTY, NC. 5 0 0 0 0 0 205999 211088 7198 8710 0 213197 219798 0 0 36980 35810 0 0 168480 205473 205460 241283 7737 -21485 1280421 1255868 2081407 2078339 -800986 -822471 THE ORGANIZATION PROVIDES APARTMENTS TO LOW-INCOME HOUSEHOLDS IN PITT COUNTY WITH PREFERENCE TO VICTIMS OF HURRICANE FLOYD. false false 201889 211088 THE ORGANIZATION PROVIDES APARTMENTS TO LOW-INCOME HOUSEHOLDS IN PITT COUNTY WITH PREFERENCE TO VICTIMS OF HURRICANE FLOYD. 201889 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false false false X 5 0 false true false false false true false true true false false false true true true true false true true true false false X X Laura Grimes 3367650424 PO Box 25168 WinstonSalem NC 271145168 Betsy Rozakis 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 Meghan Melloy Director 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 176125 29597 Sharon Lorden SVP/CFO 0.5 40.0 X 0 189315 33660 William Ward VP/Treasurer 0.5 40.0 X 0 154527 24564 Yolanda Winstead President 0.5 40.0 X 0 243655 41059 Atinuke Diver VP of Resource Development 0.5 40.0 X 0 140355 25284 Joseph Omozokpea Senior Project Manager 0.5 40.0 X 0 106655 20854 Kayla Rosenburg Senior Project Manager 0.5 40.0 X 0 123272 21082 Sheila Porter Assistant Secretary 0.5 40.0 X 0 130973 28037 William Jackson Director of Asset Management 0.5 40.0 X 0 103250 16055 0 1368127 240192 11 false true false 0 0 Rental Income 531110 208158 208158 Other Income 531110 2930 2930 0 0 0 0 211088 8710 8710 0 0 0 0 0 0 0 0 0 219798 211088 0 8710 27303 27303 4915 4915 3592 3592 31516 0 31516 261 261 7878 0 7878 0 0 0 0 59 59 7488 7488 89057 89057 353 353 50631 50631 Other Taxes and Insurance 13995 13995 Miscellaneous 2169 2169 Administrative Expenses 1733 1733 Bad Debt Expenses 333 333 0 0 0 0 241283 201889 39394 0 101578 104409 127135 145442 686 5311 0 0 0 0 2864 3179 2254829 1257302 1048158 997527 0 0 0 0 1280421 1255868 9774 10667 0 0 2057212 2047465 14421 20207 2081407 2078339 -800986 -822471 -800986 -822471 1280421 1255868 -21485 0 X false true true false X 0 188784 191621 192528 203875 208158 984966 6752 38716 7156 2124 2930 57678 0 0 195536 230337 199684 205999 211088 1042644 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1042644 1690 313 1209 7198 8710 19120 0 1690 313 1209 7198 8710 19120 0 0 0 0 0 0 0 197226 230650 200893 213197 219798 1061764 0.98199 0.98731 0.02 0.01 X 147030 147030 1909080 1064392 844688 113075 107266 5809 85644 85644 0 997527 Federal Income Taxes Prepaid Rent 5673 Tenant Security Deposits 14534 20207 X 219798 0 0 219798 0 0 219798 241283 0 0 241283 0 0 241283 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE CORPORATION HAD 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. false false false false false false false false false Yolanda Winstead President 0 230655 0 13000 0 0 0 26653 0 14406 0 284714 0 0 Sharon Lorden SVP/CFO 0 176315 0 13000 0 0 0 20558 0 13102 0 222975 0 0 Natalie Britt SVP 0 163125 0 13000 0 0 0 19078 0 10519 0 205722 0 0 William Ward VP/Treasurer 0 141527 0 13000 0 0 0 16656 0 7908 0 179091 0 0 Sheila Porter Assistant Secretary 0 117973 0 13000 0 0 0 14014 0 14023 0 159010 0 0 Atinuke Diver VP of Resource Development 0 127355 0 13000 0 0 0 15348 0 9936 0 165639 0 0 Schedule J, Part I, Line 1b NONE OF THE BENEFITS WERE PROVIDED. Form 990, Part VI, Line 3 Delegation of management duties A RENTAL MANAGEMENT COMPANY MANAGES THE DAY TO DAY OPERATIONS OF THE APARTMENT COMPLEX, PERSONNEL SUPERVISION, PLANNING AND EXECUTING BUDGETS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DHIC HAS THE ABILITY TO ELECT ONE OR MORE OF THE BOARD MEMBERS OF THE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body A DRAFT OF FORM 990 IS PROVIDED EITHER BY EMAIL OR HARD COPY TO THE MEMBERS OF THE FINANCE AND AUDIT COMMITTEE FOR REVIEW BEFORE FINALIZING. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION PERIODICALLY REVIEWS THE WRITTEN CONFLICT OF INTEREST POLICY. THE ORGANIZATION ASKS BOARD MEMBERS TO DISCLOSE ANY CONFLICTS TO THE EXECUTIVE DIRECTOR AND AT BOARD MEETINGS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION'S OFFICERS ARE PAID THROUGH DHIC WHICH HAS ITS OWN COMPENSATION POLICIES. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST AND ON GUIDESTAR. FORM 990 IS AVAILABLE UPON REQUEST AND ON GUIDESTAR. Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DHIC INC 113 S WILMINGTON ST Raleigh NC 27601 561085131 Construction and management of low-income housing NC 501(c)(3) 10 NA false Chadwick Apartments Inc 113 S WILMINGTON ST Raleigh NC 27601 561786295 TO PROVIDE LOW INCOME HOUSING NC 501(c)(3) 10 DHIC INC false HIGHLAND MANOR APARTMENTS INC 113 S WILMINGTON ST RALEIGH NC 27601 300144947 TO OWN AND OPERATE A 32-UNIT APARTMENT PROJECT FOR low-income SENIOR ADULTS NC 501(c)(3) 10 DHIC INC false COMMUNITY REVITALIZATION AND PRESERVATION CORP 113 S WILMINGTON ST RALEIGH NC 27601 581707107 HOUSING LOANS TO LOW TO MODERATE INCOME INDIVIDUALS NC 501(c)(3) 10 DHIC INC false ROANOKE HOUSING DEVELOPMENT CORP 113 S WILMINGTON ST Raleigh NC 27601 581738127 HOUSING FOR ELDERLY AND HANDICAPPED NC 501(c)(3) 10 DHIC INC false WFEH INC 113 S WILMINGTON ST Raleigh NC 27601 561930136 HOUSING FOR LOW INCOME PERSONS NC 501(c)(3) 10 DHIC INC false Washington Terrace Redevelopment Inc 113 S WILMINGTON ST Raleigh NC 27601 581747465 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 false Beacon Ridge Development Inc PO BOX 2185 RALEIGH NC 27602 831715644 REAL ESTATE RENTAL NC DHIC INC C Corporation false BOOKER PARK NORTH HOUSING INC PO BOX 2185 RALEIGH NC 27602 813856928 REAL ESTATE RENTAL NC DHIC INC C Corporation false Booker Park South Housing Inc PO BOX 2185 RALEIGH NC 27602 852755576 REAL ESTATE RENTAL NC DHIC INC C Corporation false Broadstone Walk Development Inc PO BOX 2185 RALEIGH NC 27602 872401377 REAL ESTATE RENTAL NC DHIC INC C Corporation false BROOKRIDGE AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 770698722 REAL ESTATE RENTAL NC DHIC INC C Corporation false Camden Glen Affordable Housing Inc PO BOX 2185 RALEIGH NC 27602 463790607 REAL ESTATE RENTAL NC DHIC INC C Corporation false Creston Commons Affordable Housing Inc PO BOX 2185 Raleigh NC 27602 920971599 REAL ESTATE RENTAL NC DHIC INC C Corporation false DACIAN GLEN REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 841719006 REAL ESTATE RENTAL NC DHIC INC C Corporation false Davis Drive Development Inc PO BOX 2185 RALEIGH NC 27602 464225408 REAL ESTATE RENTAL NC DHIC INC C Corporation false DHIC Preservation I Managing Member LLC PO BOX 2185 Raleigh NC 27602 932196253 REAL ESTATE RENTAL NC DHIC INC C Corporation false GREENFIELD COMMONS DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 813900218 REAL ESTATE RENTAL NC DHIC INC C Corporation false Greenfield Place Development Inc PO BOX 2185 rALEIGH NC 27602 475077232 REAL ESTATE RENTAL NC DHIC INC C Corporation false Hardee Street Managing Member LLC PO BOX 2185 RALEIGH NC 27602 872594916 REAL ESTATE RENTAL NC DHIC INC C Corporation false MAPLEWOOD SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 770698720 REAL ESTATE RENTAL NC DHIC INC C Corporation false MEADOWCREEK SENIORS INC PO BOX 2185 RALEIGH NC 27602 270854784 REAL ESTATE RENTAL NC DHIC INC C Corporation false Milner Senior Housing Inc PO BOX 2185 RALEIGH NC 27602 883817300 REAL ESTATE RENTAL NC DHIC INC C Corporation false Pennington Grove Senior Housing II Inc PO BOX 2185 RALEIGH NC 27602 842939520 REAL ESTATE RENTAL NC DHIC INC C Corporation false Pennington Grove Senior Housing Inc PO BOX 2185 RALEIGH NC 27602 811734591 REAL ESTATE RENTAL NC DHIC INC C Corporation false Primavera Seniors Housing Inc PO BOX 2185 RALEIGH NC 27602 852758646 REAL ESTATE RENTAL NC DHIC INC C Corporation false ROG REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 461156743 REAL ESTATE RENTAL NC DHIC INC C Corporation false SIX FORKS SENIORS INC PO BOX 2185 RALEIGH NC 27602 814480756 REAL ESTATE RENTAL NC DHIC INC C Corporation false Sportsmanship Housing Inc PO BOX 2185 RALEIGH NC 27602 922965934 REAL ESTATE RENTAL NC DHIC INC C Corporation false WATER GARDEN AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 273427009 REAL ESTATE RENTAL NC DHIC INC C Corporation false WATER GARDEN SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 452776028 REAL ESTATE RENTAL NC DHIC INC C Corporation false Weston Trace Affordable Housing Inc PO BOX 2185 RALEIGH NC 27602 822774856 REAL ESTATE RENTAL NC DHIC INC C Corporation false Willard Street Manager LLC PO BOX 2185 RALEIGH NC 27602 831895170 REAL ESTATE RENTAL NC DHIC INC C Corporation false false false false false true false false false false false false false true false false false false false false