HOUSING OPPORTUNITIES INC

Address
PO BOX 26405
GREENSBORO, NC 274046405
Contact
Phone: +1 (336) 544-2300
Nonprofit
NTEE: L21 - Public Housing Facilities
EIN: 56-1728944

Mission

TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY AND TO FOSTER THE DEVELOPMENT OF LOW AND MODERATE-INCOME HOUSING TO ELDERLY AND LOW INCOME FAMILIES.
 20162015201420132012
Basic features of the organization
Year of formation1991
Subsection code03
PF filing required0    
Metropolitan statistical area3120
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$33,660.00$33,660.00$33,660.00$33,660.00$33,600.00
Sum of reportable (W2/1099) compensation$33,660.00$33,660.00$33,660.00$33,660.00$33,600.00
Number of employees11111
Number of people compensated >$100k00000
Number of volunteers66666
Number of highly compensated contractors1111 
Personnel
Britt, Robin
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personROBIN BRITTROBIN BRITTROBIN BRITTROBIN BRITTROBIN BRITT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Frye, Shirley
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personSHIRLEY FRYESHIRLEY FRYESHIRLEY FRYESHIRLEY FRYESHIRLEY FRYE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Gunn, Terri
TitleVP & SECRETARYVP & SECRETARYVP & SECRETARYVP & SECRETARYVP & SECRETARY
Name of key/compensated personTERRI M GUNNTERRI M GUNNTERRI M GUNNTERRI M GUNNTERRI M GUNN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org10.0010.0010.0010.0010.00
Reportable compensation from org$33,660.00$33,660.00$33,660.00$33,660.00$33,600.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Melvin, Es
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personES MELVINES MELVINES MELVINES MELVINES MELVIN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Moore, Anne
TitleASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARY
Name of key/compensated personANNE MOOREANNE MOOREANNE MOOREANNE MOOREANNE MOORE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Routh, David
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDAVID ROUTHDAVID ROUTHDAVID ROUTHDAVID ROUTHDAVID ROUTH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Stone, William
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personWILLIAM STONEWILLIAM STONEWILLIAM STONEWILLIAM STONEWILLIAM STONE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES.TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES.TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES.TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES.TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES.
Program service expenses, total$2,505,926.00$2,747,999.00$2,543,406.00$2,302,576.00$2,335,030.00
Programs, including revenue & expenses
THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES.
Program expenses$2,505,926.00$2,747,999.00$2,543,406.00$2,302,576.00$2,335,030.00
Grants and allocations made $300,000.00   
Program revenue$1,283,403.00$801,504.00$119,585.00$839,956.00$1,004,729.00
Program descriptionTHE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES.THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES.THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES, THE OPERATING LIMITED PARTNERSHIP IN WHICH IT IS THE SOLE GENERAL PARTNER, THE LLC IN WHICH IT IS THE SOLE MEMBER AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A GENERAL PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES.THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES, THE OPERATING LIMITED PARTNERSHIP IN WHICH IT IS THE SOLE GENERAL PARTNER, THE LLC IN WHICH IT IS THE SOLE MEMBER AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A GENERAL PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES.THE ORGANIZATION WAS FORMED TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME FAMILIES. THE ORGANIZATION OPERATES ITS WHOLLY OWNED PROPERTIES, THE OPERATING LIMITED PARTNERSHIP IN WHICH IT IS THE SOLE GENERAL PARTNER, THE LLC IN WHICH IT IS THE SOLE MEMBER AND THE C CORPORATIONS IN WHICH IT WHOLLY OWNS THE STOCK. IN ADDITION, THE ORGANIZATION IS A GENERAL PARTNER IN SEVERAL PARTNERSHIPS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW INCOME INDIVIDUALS AND FAMILIES.
Financial data
Revenue
Total revenue$736,917.00$2,570,439.00$2,585,857.00$2,581,882.00$2,713,016.00
Revenue from contributions (total)$1,829,341.00$1,770,550.00$1,768,007.00$1,764,696.00$1,755,033.00
Investment income, current yr-$2,375,827.00-$1,615.00-$1,735.00-$22,770.00-$46,746.00
Total revenue from grants, etc., current yr$1,829,341.00$1,770,550.00$1,768,007.00$1,764,696.00$1,755,033.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr-$3,786.00$13,231.00$49,435.00$76,183.00$54,120.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$1,287,189.00$788,273.00$770,150.00$763,773.00$950,609.00
Gross receipts$3,238,571.00$2,564,525.00$2,592,607.00$2,689,587.00$2,783,363.00
Sources of contributions
Revenue from gov't grants$1,829,341.00$1,770,550.00$1,768,007.00$1,764,696.00$1,755,033.00
Other types of revenue
Miscellaneous revenue (total)  $49,435.00$76,183.00$54,120.00
Income from dividends, interest, and similar investments$5,794.00$5,702.00$5,015.00$4,935.00$5,980.00
Net rental income-$3,786.00$13,231.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,679,701.00$2,911,795.00$2,719,996.00$2,567,010.00$2,785,180.00
Total functional expenses: program service $2,505,926.00$2,747,999.00$2,543,406.00$2,302,576.00$2,335,030.00
Total functional expenses: management and general$173,775.00$163,796.00$176,590.00$264,434.00$450,150.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$23,217.00$9,966.00$22,472.00$2,185.00$3,067.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$188,876.00$189,134.00$182,158.00$181,021.00$183,650.00
Assets and liabilities
Total assets$11,662,454.00$13,793,057.00$14,323,985.00$14,625,333.00$14,773,352.00
Total assets, beginning of year$13,793,057.00$14,323,985.00$14,625,333.00$14,773,352.00$15,015,726.00
Total liabilities$11,581,726.00$11,769,545.00$11,959,117.00$12,126,326.00$12,289,217.00
Total liabilities, beginning of year$11,769,545.00$11,959,117.00$12,126,326.00$12,289,217.00$12,459,427.00
Unrestricted net assets, end of yr$80,728.00$2,023,512.00$2,364,868.00$2,499,007.00$2,484,135.00
Net assets$80,728.00$2,023,512.00$2,364,868.00$2,499,007.00$2,484,135.00
Net assets, beginning of year$2,023,512.00$2,364,868.00$2,499,007.00$2,484,135.00$2,556,299.00
Other liabilities$16,621.00$16,391.00$16,878.00$14,717.00$14,379.00
Intangible assets$6,579.00$7,004.00$7,429.00$7,854.00$8,279.00
Other assets$659,155.00$634,654.00$609,782.00$584,538.00$558,922.00
Cash: non-interest bearing$361,491.00$662,381.00$609,345.00$653,476.00$704,123.00
Cash: non-interest bearing, beginning of year$662,381.00$609,345.00$653,476.00$704,123.00$766,906.00
Investments -- program-related$943,964.00$3,405,966.00$3,395,093.00$3,355,835.00$3,284,294.00
Other financial variables
Revenue less expenses-$1,942,784.00-$341,356.00-$134,139.00$14,872.00-$72,164.00
Advertising (total)$5,006.00$4,702.00$4,011.00$4,043.00$3,236.00
Savings & temp cash investment$2,686,508.00$2,003,204.00$2,343,469.00$2,245,522.00$2,083,650.00
Accounts receivable, net$133,072.00$115,448.00$113,021.00$118,056.00$122,902.00
Prepaid expenses & deferred charges$44,661.00$46,881.00$54,721.00$61,265.00$53,605.00
Accounts payable & accrued expenses$111,889.00$95,360.00$93,715.00$85,616.00$83,247.00
Secured mortgages and notes payable$11,453,216.00$11,657,794.00$11,848,524.00$12,025,993.00$12,191,591.00
Total net assets or fund balances$80,728.00$2,023,512.00$2,364,868.00$2,499,007.00$2,484,135.00
Depreciation, depletion, amortization$359,166.00$351,839.00$372,908.00$404,725.00$402,754.00
Governance and accountability
Number of voting members77777
Number of independent voting members66666
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k True   
Org has controlled entityTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-032017-02-242016-01-292014-12-292013-12-14
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201723199349310832201623149349300132201513149349302626201443189349304769201322279349300777
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