Rutherford County Housing Initiative Inc in Spindale, North Carolina (NC)
Table of contents:
| Rutherford County Housing Initiative Inc | |
| Employer Identification Number (EIN) | 562155525 |
| Name of Organization | Rutherford County Housing Initiative Inc |
| In Care of Name | Loyce Snider |
| Address | Po Box 286, Spindale, NC 28160 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 2012 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $63,554 |
| Amount of Income | $42,657 |
| Form 990 Revenue Amount | $42,657 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2012: $42,657 (it was $60,427 in 2011)
| This organization: | $42,657 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2012: $63,554 (it was $63,554 in 2011)
| This organization: | $63,554 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2011: $80,100
| Rutherford County Housing Initiative Inc: | $80,100 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2011: 0.5
| Rutherford County Housing Initiative Inc: | 0.5 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2011: 48.8%
| This organization: | 48.8% |
| Other organizations performing similar types of work: | 3.7% |
Revenue for 2011
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $42,657 |
| Contributions, gifts, grants, and similar amounts received | $20,830 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $2,419 |
| Gain from sale of assets other than inventory | $19,408 |
| Gross amount from sale of assets other than inventory | $37,178 |
| Less: cost or other basis and sales expenses | $17,770 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $80,100 |
| Total net assets | $46,659 |
| Deficit for the year | $-37,443 |
| Net assets or fund balances at beginning of year | $83,914 |
| Other changes in net assets or fund balances | $188 |
| Balance Sheets (for 2011) | |
| Total assets | $63,554 |
| Total liabilities | $16,895 |
| Net assets or fund balances | $46,659 |
| Other Information (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $83,582 |
| Gifts, grants, contributions, and membership fees received | $52,923 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $30,659 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Skill Creations Inc | PO BOX 1636, Goldsboro, NC 27533-1636 | NC | 2005-05 | $31,294,249 |
| 4 | Commons Of Forsyth County Inc | 750 Bethesda Rd, Winston Salem, NC 27103-3302 | NC | 2014-06 | $1,743,962 |
| 5 | Metropolitan Property Management | PO BOX 1706, Washington, NC 27889 | NC | 2011-12 | $973,521 |
| 6 | You-Turn Inc | PO BOX 570, Troutman, NC 28166-0570 | NC | 2008-12 | $915,735 |
| 7 | St John Village Inc, St John Village Apts | 912 E Highland Ave, Kinston, NC 28501-3155 | NC | 2006-11 | $700,644 |
| 8 | Vhvh Inc | 750 Bethesda Rd, Winston Salem, NC 27103-3302 | NC | 2011-06 | $458,804 |
| 9 | Mountain Housing Opportunities Loan Fund Inc | PO BOX 2278, Asheville, NC 28802-2278 | NC | 2013-03 | $345,609 |
| 10 | Yancey Mitchell Pillars Inc | 305 Robertson St, Burnsville, NC 28714 | NC | 2009-08 | $147,557 |
| 11 | Southeast Durham Development Corporation | PO BOX 3335, Durham, NC 27702-3335 | NC | 1993-07 | $146,144 |
| 12 | Youth Tradesmen Inc | 5512 Business Dr, Wilmington, NC 28405-8446 | NC | 2005-10 | $121,089 |
| 13 | Hunters Hill Inc | 750 Bethesda Rd, Winston Salem, NC 27103-3302 | NC | 2009-03 | $67,689 |
| 14 | Rutherford County Housing Initiative Inc | Po Box 286, Spindale, NC 28160 | NC | 2000-06 | $42,657 |
| 15 | Cape Fear Community Land Trust Inc, Erin E Diener Ttee | PO BOX 12424, Wilmington, NC 28405-0119 | NC | 2009-08 | $38,377 |
| 16 | Mount Gilead Redevelopment Corporation | Po Box 32, Mount Gilead, NC 27306 | NC | 2006-03 | $30,971 |
| 17 | Lexington Housing Redevelopment Corporation Inc | 1 Jamaica Dr, Lexington, NC 27292-2571 | NC | 2011-08 | $15,736 |
| 18 | Little Rock Cdc | 401 N Mcdowell St, Charlotte, NC 28202 | NC | 2007-08 | $10,790 |
| 19 | 2g5 Bridging The Gaps | 156 Springdale Dr, Troy, NC 27371-8370 | NC | 2007-12 | $0 |
| 20 | Alpha Gardens Community Development Corporation | PO BOX 1162, Burgaw, NC 28425-1162 | NC | 2002-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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