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TRIANGLE ELDERLY HOUSING CORPORATION

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Public nonprofit record

TRIANGLE ELDERLY HOUSING CORPORATION

EIN 27-2090858 · Senior Citizens Housing & Retirement Communities (L22)

What they do

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 PROJECTS MORTGAGE is ITS MAJOR HUD PROGRAM. THE PROJECTS 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.

Money

Financial picture

Tax year 2024
Revenue$708,369
Expenses$593,798
Assets$1,919,956
Income$708,369
Contributions$386,580
Management$77,490
Accounting fees$25,585

About this charity

Recognized since
January 2011
Location
1363 WEST MARKET STREET, SMITHFIELD, NC 27577
County
Johnston
In care of
JIMMY PARKER
Primary officer
JIMMY PARKER, CHAIR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
O DOUGLAS COVINGTON
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
16
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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