2026-05-07T13:02:54-05:00 2025-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-07-01 561786295 CHADWICK APARTMENTS INC CHAD 3367650424 PO BOX 2185 RALEIGH NC 27602 SHARON LORDEN CFO/SVP OF OPERATIONS 3367650424 2026-05-06 1 0 JACOB A SOWERS P01712829 3178485700 2024 2025-03-06 01:10:19Z TYLER CRAFT PO BOX 2185 RALEIGH NC 27602 326302 0 X N/A X 1992 NC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS). 5 5 0 0 0 0 118789 124431 166541 179099 20434 17220 14610 5552 320374 326302 0 0 0 0 0 0 0 0 0 332440 364341 332440 364341 -12066 -38039 1223517 1189163 2179206 2182891 -955689 -993728 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS). 0 0 277766 179099 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS). 277766 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURA GRIMES 3367650424 PO BOX 25168 WINSTONSALEM NC 271145168 X TYLER CRAFT CHAIR 0.50 0.50 X X 0 0 0 JORDAN MANESS VICE CHAIR 0.50 0.50 X X 0 0 0 BETSY ROZAKIS MEMBER 0.50 0.50 X 0 0 0 GORDON GRUBB MEMBER 0.50 0.50 X 0 0 0 MEGHAN MELLOY MEMBER 0.50 0.50 X 0 0 0 YOLANDA WINSTEAD PRESIDENT 0.50 40.00 X 0 284766 16974 SHARON LORDEN VICE PRESIDENT 0.50 40.00 X 0 221900 14372 NATALIE BRITT VICE PRESIDENT 0.50 40.00 X 0 206329 10636 WILLIAM WARD TREASURER 0.50 40.00 X 0 180836 7392 SHEILA PORTER VP OF HOMEOWNERSHIP CENTER 0.50 40.00 X 0 131302 13687 ATINUKE DIVER VP OF IMPACT 0.50 40.00 X 0 165476 9192 KAYLA ROSENBURG DIRECTOR OF ENTERPRISE S&D 0.50 40.00 X 0 145183 5906 JOSEPH OMOZOKPEA SENIOR PROJECT MANAGER 0.50 40.00 X 0 124009 8719 PATRICIA ROPER ACCOUNTING AND BENEFITS MANAGER 0.50 40.00 X 0 109788 18152 TIMOTTHY FISHER SENIOR PROJECT MANAGER 0.50 40.00 X 0 120711 7292 PATRICK NERZ SENIOR PROJECT MANAGER 0.50 40.00 X 0 120306 7202 0 1810606 119524 0 0 1 0 0 124431 124431 RENTAL INCOME 531110 179099 179099 179099 17220 17220 LAUNDRY & VENDING 531110 5292 5292 TENANT CHARGES 531110 140 140 OTHER REVENUE-MISC. 531110 120 120 5552 326302 179099 0 22772 34763 34763 6573 6573 1443 1443 946 946 8593 8593 1568 1568 221140 221140 598 598 997 997 56584 56584 108 108 MTG CO EMPLOYEE CHARGEB 30986 30986 BAD DEBTS 42 42 364341 277766 86575 0 10473 13899 1767 3127 12393 12783 2310031 1637089 729529 672942 451325 467195 18030 19217 1223517 1189163 12009 13516 12 0 2148300 2148300 18885 21075 2179206 2182891 X -955689 -993728 -955689 -993728 1223517 1189163 -38039 0 X X 0 1 X 1 1 1 X 137836 130131 116069 118789 124431 627256 130418 135395 154933 166541 179099 766386 268254 265526 271002 285330 303530 1393642 0 0 0 1393642 175 217 9699 20434 17220 47745 175 217 9699 20434 17220 47745 5823 4734 5880 14610 5552 36599 274252 270477 286581 320374 326302 1477986 0.94290 0.95220 0.03230 0.02160 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92496 92496 2108442 1541013 567429 11535 7481 4054 97558 88595 8963 672942 MORTGAGE ESCROW DEPOSITS 4686 C RESERVE REPLACEMENT FUND 451066 C RESIDUAL RECEIPTS 11443 C 467195 SECURITY DEPOSITS 18453 ACCRUED WAGES PAYABLE 2424 ACCRUED PAYROLL TAXES PAYABLE 198 21075 X 326302 0 326302 0 326302 361609 0 361609 2732 2732 364341 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK TO TAX DEPRECIATION ADJUSTMENT 2,732. 0 0 0 0 0 0 0 0 0 YOLANDA WINSTEAD PRESIDENT 0 244294 0 13000 0 27472 0 3564 0 13410 0 301740 0 0 SHARON LORDEN VICE PRESIDENT 0 187661 0 13000 0 21239 0 2322 0 12050 0 236272 0 0 NATALIE BRITT VICE PRESIDENT 0 173621 0 13000 0 19708 0 1242 0 9394 0 216965 0 0 WILLIAM WARD TREASURER 0 150634 0 13000 0 17202 0 810 0 6582 0 188228 0 0 ATINUKE DIVER VP OF IMPACT 0 136315 0 13000 0 16161 0 540 0 8652 0 174668 0 0 KAYLA ROSENBURG DIRECTOR OF ENTERPRISE S&D 0 118964 0 12500 0 13719 0 774 0 5132 0 151089 0 0 FORM 990, PART VI, SECTION A, LINE 3 CHADWICK APARTMENTS, INC. IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANAGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APPROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE THE CHADWICK APARTMENTS ELDERLY HOUSING PROPERTY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DHIC HAS THE ABILITY TO ELECT ONE OR MORE OF THE BOARD MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO DHIC. DHIC FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS MUST SIGN THE POLICY ANNUALLY. THE POLICY IS REVIEWED ANNUALLY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S OFFICERS ARE PAID THROUGH DHIC WHICH HAS ITS OWN COMPENSATION POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AS WELL AS ON GUIDESTAR.ORG. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIALS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B HOURS WORKED FOR RELATED ORGANIZATIONS: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, PART XII, LINE 2C OVERSIGHT OF AUDITING FUNCTION: THE MANAGEMENT COMPANY AND DHIC RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION PO BOX 2185 RALEIGH NC 27602 581707107 HOUSING LOANS TO LOW TO MODERATE INCOME INDIVIDUALS NC 501(C)3 LINE 9 DHIC INC 0 DHIC INC PO BOX 2185 RALEIGH NC 27602 561085131 CONSTRUCTION AND MANAGEMENT OF LOW INCOME HOUSING NC 501(C)3 LINE 9 N/A 0 HIGHLAND MANOR APARTMENTS INC PO BOX 2185 RALEIGH NC 27602 300144947 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 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 LINE 9 DHIC INC 0 ROANOKE HOUSING DEVELOPMENT CORP PO BOX 2185 RALEIGH NC 27602 581738127 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 WAKE FOREST ELDERLY HOUSING INC PO BOX 2185 RALEIGH NC 27602 561930136 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 WASHINGTON TERRACE REDEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 581747465 TO PROVIDE LOW INCOME HOUSING NC 501(C)3 LINE 9 DHIC INC 0 ASHTON PLACE DEVELOPER LLC PO BOX 2185 RALEIGH NC 27602 874085651 LOW-INCOME HOUSING NC N/A 0 0 ASHTON PLACE HOUSING LLC PO BOX 2185 RALEIGH NC 27602 872612408 LOW-INCOME HOUSING NC N/A 0 0 BEACON RIDGE LLC PO BOX 2185 RALEIGH NC 27602 831728987 LOW-INCOME HOUSING NC N/A 0 0 BEECHRIDGE LLC PO BOX 2185 RALEIGH NC 27602 845101215 LOW-INCOME HOUSING NC N/A 0 0 BOOKER PARK NORTH LLC PO BOX 2185 RALEIGH NC 27602 813919533 LOW-INCOME HOUSING NC N/A 0 0 BOOKER PARK SOUTH LLC PO BOX 2185 RALEIGH NC 27602 852810077 LOW-INCOME HOUSING NC N/A 0 0 BROADSTONE WALK LLC PO BOX 2185 RALEIGH NC 27602 872401950 LOW-INCOME HOUSING NC N/A 0 0 BROOKRIDGE HOUSING LLC PO BOX 2185 RALEIGH NC 27602 770698724 LOW-INCOME HOUSING NC N/A 0 0 CAMDEN GLEN LLC PO BOX 2185 RALEIGH NC 27602 463760565 LOW-INCOME HOUSING NC N/A 0 0 CAPITAL TOWERS III LLC PO BOX 2185 RALEIGH NC 27602 811157728 LOW-INCOME HOUSING NC N/A 0 0 COLLEGE PARK COLLABORATIVE LLC PO BOX 2185 RALEIGH NC 27602 464531876 LOW-INCOME HOUSING NC N/A 0 0 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LLC PO BOX 2185 RALEIGH NC 27602 932172921 LOW-INCOME HOUSING NC N/A 0 0 TRYON GROVE PERSERVATION LLC PO BOX 2185 RALEIGH NC 27602 932196221 LOW-INCOME HOUSING NC N/A 0 0 DHIC PERSERVATION I LLC PO BOX 2185 RALEIGH NC 27602 992728209 LOW-INCOME HOUSING NC N/A 0 0 DHIC PERSERVATION MANAGING MEMBER LLC PO BOX 2185 RALEIGH NC 27602 932196253 LOW-INCOME HOUSING NC N/A 0 0 BEACON RIDGE DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 831715644 REAL ESTATE RENTAL NC N/A C 0 BOOKER PARK NORTH HOUSING INC PO BOX 2185 RALEIGH NC 27602 813856928 REAL ESTATE RENTAL NC N/A C 0 BOOKER PARK SOUTH HOUSING INC PO BOX 2185 RALEIGH NC 27602 852755576 REAL ESTATE RENTAL NC N/A C 0 BROADSTONE WALK DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 872401377 REAL ESTATE RENTAL NC N/A C 0 CAMDEN GLEN AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 463790607 REAL ESTATE RENTAL NC N/A C 0 DAVIS DRIVE DEVELOPMENT INC PO BOX 2185 RALEIGH NC 27602 464225408 REAL ESTATE RENTAL NC N/A C 0 GREEFIELD COMMONS DEVELOPMENT 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INC PO BOX 2185 RALEIGH NC 27602 822774856 REAL ESTATE RENTAL NC N/A C 0 WILLARD STREET MANAGER LLC PO BOX 2185 RALEIGH NC 27602 831895170 REAL ESTATE RENTAL NC N/A C 0 CRESTON COMMONS AFFORDABLE HOUSING INC PO BOX 2185 RALEIGH NC 27602 920971599 REAL ESTATE RENTAL NC N/A C 0 MILNER SENIOR HOUSING INC PO BOX 2185 RALEIGH NC 27602 883817300 REAL ESTATE RENTAL NC N/A C 0 SPORTSMANSHIP HOUSING INC PO BOX 2185 RALEIGH NC 27602 922965934 REAL ESTATE RENTAL NC N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 SCHEDULE R, PART V, LINE 1O SHARING OF PAID EMPLOYEES: DHIC EMPLOYS THE OFFICERS OF THE PROJECT. THERE IS NO REIMBURSEMENT PAID TO DHIC.