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IN JUNE OF 2011, CARY CENTRAL ELDERLY HOUSING, SMITHFIELD ELDERLY HOUSING, PRINCETON ELDERLY HOUSING AND KENLY CENTRAL ELDERLY HOUSING WERE MERGED TO FORM TRIANGLE ELDERLY HOUSING CORPORATION (THE PROJECT). CONCURRENT WITH THIS MERGER, EACH PROJECT REFINANCED THEIR HUD SECTION 202 DIRECT LOAN WITH ONE HUD MORTGAGE INSURED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 74 HUD-ASSISTED ELDERLY HOUSING UNITS IN EASTERN NORTH CAROLINA. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. THE PROJECT'S MORTGAGE IS ITS MAJOR HUD PROGRAM. THE PROJECT'S SECTION 8 RENTAL ASSISTANCE CONTRACT IS ITS NON-MAJOR PROGRAM. FOR THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 386,580, REPRESENTING 56.48% OF TOTAL REVENUE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$590.6K
Total Contributions
$288K
Total Expenses
▼$558.9K
Total Assets
$1.8M
Total Liabilities
▼$2.5M
Net Assets
-$642.8K
Officer Compensation
→$0
Other Salaries
$0
Investment Income
▼$449
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $2.8M | Yes | 2025-09-25 |
| 2023 | Clean | Unmodified (Clean) | $2.7M | Yes | 2024-09-25 |
| 2022 | Clean | Unmodified (Clean) | $2.8M | Yes | 2023-09-21 |
| 2021 | Clean | Unmodified (Clean) | $2.9M | Yes | 2022-09-26 |
| 2020 | Clean | Unmodified (Clean) | $3M | Yes | 2021-09-26 |
| 2019 | Clean | Unmodified (Clean) | $3M | Yes | 2020-09-24 |
| 2018 | Clean | Unmodified (Clean) | $3.1M | Yes | 2019-08-29 |
| 2017 | Clean | Unmodified (Clean) | $3.2M | Yes | 2018-07-24 |
| 2016 | Clean | Unmodified (Clean) | $3.2M | Yes | 2017-08-23 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $590.6K | $288K | $558.9K | $1.8M | -$642.8K |
| 2022 | $622.9K | $329.6K | $604K | $1.8M | -$674.6K |
| 2021 | $612.2K | $0 | $599.6K | $1.9M | -$693.5K |
| 2020 | $607.5K | $0 | $622.4K | $1.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| -$706.1K |
| 2019 | $606.5K | $0 | $617.5K | $2M | -$691.2K |
| 2018 | $598.4K | $0 | $595.3K | $2.1M | -$680.2K |
| 2017 | $585.5K | $0 | $595.8K | $2.1M | -$683.3K |
| 2016 | $583.3K | $0 | $605.3K | $2.2M | -$673K |
| 2015 | $568.2K | $0 | $548.4K | $2.2M | -$651K |
| 2014 | $552.1K | $0 | $527.7K | $2.3M | -$670.8K |
| 2013 | $523.5K | $0 | $483.4K | $2.3M | -$695.2K |
| 2012 | $518.3K | $0 | $511K | $2.3M | -$735.3K |
| 2011 | $255.6K | $0 | $255K | $2.4M | -$742.7K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |