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Nonprofit · EIN 56-2124379

WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II

Tax-exempt · RALEIGH, NC 27601

Financials

$289K$369K2023$303K$377K2024
Revenue Expenses · by fiscal year end
Financials of WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$303,176$377,287-$74,111$1,801,643$3,594,935-$1,793,292
June 30, 2024990$288,926$369,315-$80,389$1,878,586$3,597,767-$1,719,181
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$147,216
of which government grants
$147,216
Program service revenue
$164,234
Investment income
-$9,789
Net gain from sales of assets
-$14,143
Other revenue
$1,515

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,581
Occupancy
$176,120
Depreciation
$87,490
Program services (functional)
$263,622
Management and general (functional)
$113,665

Balance sheet and other

Total assets, start of year
$1,878,586
Total assets, end of year
$1,801,643
Total liabilities, end of year
$3,594,935
Net assets, end of year
-$1,793,292
Land, buildings and equipment
$1,597,138
Net assets without donor restrictions
-$1,793,292
Gross receipts
$317,319
Employees
0
Volunteers
0
Year formed
1998
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
HOWARD PATTERSONCHAIRMAN
Trustee or director, Officer
0.5$0
JOHN HEMINGWAYTREASURER
Trustee or director, Officer
0.5$0
ROBERT SMITHSECRETARY
Trustee or director, Officer
0.5$0
ANTONIA ABRONDIRECTOR
Trustee or director
0.5$0
CRYSTAL BULLOCKDIRECTOR
Trustee or director
0.5$0
ERVIN R BONDDIRECTOR
Trustee or director
0.5$0
FRANCES PULLEYDIRECTOR
Trustee or director
0.5$0
WILLIAM SCOTTDIRECTOR
Trustee or director
0.5$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
HOWARD PATTERSONCHAIRMAN
Trustee or director, Officer
0.5$0
JOHN HEMINGWAYTREASURER
Trustee or director, Officer
0.5$0
ROBERT SMITHSECRETARY
Trustee or director, Officer
0.5$0
ANTONIA ABRONDIRECTOR
Trustee or director
0.5$0
CRYSTAL BULLOCKDIRECTOR
Trustee or director
0.5$0
ERVIN R BONDDIRECTOR
Trustee or director
0.5$0
FRANCES PULLEYDIRECTOR
Trustee or director
0.5$0
WILLIAM SCOTTDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
567 E HARGETT ST, RALEIGH, NC 27601-1517
In care of
% MICHAEL WILCOX
Principal officer (990 for 2024)
HOWARD PATTERSON, 567 E HARGETT STREET, RALEIGH, NC 27601
Signed the 990
HOWARD PATTERSON, CHAIRMAN
Phone
(919) 834-4198
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN HOLLY SPRINGS, NC KNOWN AS HOLLY SPRINGS II APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 9 PROGRAM OF THE NATIONAL HOUSING ACT.

990 for the year ended June 30, 2025

Program accomplishments

  • THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN HOLLY SPRINGS, NC KNOWN AS HOLLY SPRINGS II APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 9 PROGRAM OF THE NATIONAL HOUSING ACT.
    Expenses $263,622 · revenue $150,091

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-2124379
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,801,643
Income (IRS master file)
$317,319

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$303,176$377,287$1,801,643XML
990June 2024$288,926$369,315$1,878,586IRS
990June 2023$264,242$354,663$1,956,982IRS
990June 2022$241,369$336,196$2,046,933IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2124379).

Questions about WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II

What is the EIN of WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II?
The employer identification number (EIN) of WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II is 56-2124379.
Is WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II?
The 990 for the year ended June 30, 2025 names HOWARD PATTERSON.
Who are the officers and directors of WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does WAKE COUNTY OPPORTUNITIES HOUSING CORPORATION II have?
On its 990 for the year ended June 30, 2025 it reported revenue of $303,176, expenses of $377,287 and total assets of $1,801,643 at year end.

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