2026-05-26T08:28:08-05:00 2025-12-31 560571159 BERNARD ROBINSON & COMPANY LLP 1501 HIGHWOODS BLVD SUITE 300 GREENSBORO NC 27410 990 2025-01-01 581528903 CREST STREET COMMUNITY ELDERLY HOUSING CORPORATION CRES 4076444500 2614 CREST STREET DURHAM NC 27705 RONALD ODOM PRESIDENT 4076444500 2026-05-05 1 CASEY H PATTERSON P01281279 3362944494 2026-05-05 2025 2025-03-06 01:10:19Z NEW BETHEL HOMES FOR THE ELDERLY RONALD ODOM 2614 CREST STREET DURHAM NC 27705 445556 0 X N/A X 1983 NC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING FAMILIES. 8 8 0 8 0 0 278461 275482 169555 169821 193 181 92 72 448301 445556 0 0 0 0 0 0 0 0 0 435646 446793 435646 446793 12655 -1237 983847 950215 1271867 1239472 -288020 -289257 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING FAMILIES. 0 0 424214 169893 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING FAMILIES. 424214 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 X MULTIFAMILY SELECT INC 7048825415 300 EAST JOHN STREET SUITE 114 MATTHEWS NC 28105 X MARY UMSTEAD VICE PRESIDENT 0.50 1.00 X X 0 0 0 KARL BRODIE MEMBER 0.50 1.00 X 0 0 0 BARBARA BRIGHT MEMBER 0.50 1.00 X 0 0 0 JOSEPH TORIAN TREASURER 0.50 1.00 X X 0 0 0 RETA SCARETT SECRETARY 0.50 1.00 X X 0 0 0 RONALD W ODOM PRESIDENT 0.50 1.00 X X 0 0 0 DONZELL PATTERSON MEMBER 0.50 1.00 X 0 0 0 CHELSIE EDWARDS MEMBER 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 275482 275482 RENTAL INCOME 531110 168613 168613 LAUNDRY & VENDING 531110 818 818 TENANT CHARGES 531110 390 390 169821 181 181 MISCELLANEOUS REVENUE 531110 72 72 72 445556 169893 0 181 X 35298 35298 298 298 20600 20600 24881 24881 32807 32807 41258 41258 33906 33906 32059 32059 CONTRACTS 52308 52308 PAYROLL REIMBURSEMENT 47278 47278 SUPPLIES 37306 37306 OFFICE SALARIES 30077 30077 58717 56738 1979 446793 424214 22579 0 30357 1930 256954 273522 283 3138 3502 3502 1794862 1234132 579898 560730 94367 89629 18486 17764 983847 950215 27638 39190 5727 3525 1197879 1156010 40623 40747 1271867 1239472 X -288020 -289257 -288020 -289257 983847 950215 -1237 0 X 0 1 X 0 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225749 225749 1388413 1090887 297526 124435 124435 0 56265 18810 37455 560730 TENANT SECURITY DEPOSITS 14487 MISC. CURRENT LIABILITIES 420 NOTES PAYABLE - LT 25840 40747 X 445556 0 445556 0 445556 446793 0 446793 0 446793 PART X, LINE 2: IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A 'MORE-LIKELY-THAN-NOT' THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2025. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 17,106. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,106. SECURITY PAYROLL/CONTRACT: PROGRAM SERVICE EXPENSES 13,770. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,770. PAYROLL TAXES REIMBURSEMENT: PROGRAM SERVICE EXPENSES 6,733. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,733. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 5,955. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,955. MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 5,365. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,365. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 3,333. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,333. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 2,397. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,397. MISCELLANEOUS ADMINISTRATIVE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,979. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,979. MISCELLANEOUS OPERATING AND MAINTENANCE EXPENSE: PROGRAM SERVICE EXPENSES 1,220. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,220. BAD DEBT: PROGRAM SERVICE EXPENSES 641. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 641. MISCELLANEOUS TAXES, LICENSE, PERMITS AND FEES: PROGRAM SERVICE EXPENSES 218. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 218. CREST STREET COMMUNITY COUNCIL 2614 CREST STREET DURHAM NC 27750 581399286 SUBSIDIZED LOW-INCOME HOUSING NC 501(C)(4) LINE 10 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 CREST STREET COMMUNITY COUNCIL INC E 19396 CASH CREST STREET COMMUNITY COUNCIL INC P 1116 CASH