Nonprofit · EIN 58-1394455
KORNER HOMES INC
Tax-exempt · WINSTONSALEM, NC 27127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $831,351 | $663,363 | $167,988 | $1,585,499 | $2,051,489 | -$465,990 |
| June 30, 2024 | 990 | $785,494 | $659,267 | $126,227 | $1,489,780 | $2,123,758 | -$633,978 |
| June 30, 2023 | 990 | $775,589 | $685,755 | $89,834 | $1,440,247 | $2,200,452 | -$760,205 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $542,663
- of which government grants
- $542,663
- Program service revenue
- $284,935
- Investment income
- $3,753
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,120
- Accounting fees
- $6,326
- Occupancy
- $16,632
- Depreciation
- $41,193
- Program services (functional)
- $650,571
- Management and general (functional)
- $12,792
Balance sheet and other
- Total assets, start of year
- $1,489,780
- Total assets, end of year
- $1,585,499
- Total liabilities, end of year
- $2,051,489
- Net assets, end of year
- -$465,990
- Land, buildings and equipment
- $730,252
- Net assets without donor restrictions
- -$465,990
- Gross receipts
- $831,351
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1980
- 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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TAMMY VERNON | OUTGOING TREAURER Officer | 0.2 | $0 | $121,695 |
| CRAIG PEATROSS | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| MALLORY OLDHAM | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| GARRY MERRITT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DIANE EVANS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| AHAZ ARMSTRONG | TREASURER Officer | 0.2 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TAMMY VERNON | TREASURER Officer | 0.2 | $0 | $120,248 |
| CRAIG PEATROSS | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| MALLORY OLDHAM | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| GARRY MERRITT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DIANE EVANS | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TAMMY VERNON | TREASURER Officer | 0.2 | $0 | $113,995 |
| JOHN NICHOLS | ASST. SECRETARY/ASST. VP Officer | 0.2 | $0 | $63,382 |
| CRAIG PEATROSS | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| MALLORY OATES | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| GARRY MERRITT | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC 27127-8704
- Principal officer (990 for 2024)
- AHAZ ARMSTRONG, 2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC 27127
- Signed the 990
- AHAZ ARMSTRONG, TREASURER
- Phone
- (336) 765-3906
- Website
- ANCHORNC.ORG
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
DEVELOP AND OPERATE HUD SECTION 202 HOUSING FOR THE ELDERLY.
Program accomplishments
- OPERATING AN 80 UNIT APARTMENT COMPLEX FOR THE LOW INCOME ELDERLYExpenses $650,571 · revenue $284,935
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1394455
- 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
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $1,585,499
- Income (IRS master file)
- $831,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $831,351 | $663,363 | $1,585,499 | XML |
| 990 | June 2024 | $785,494 | $659,267 | $1,489,780 | XML |
| 990 | June 2023 | $775,589 | $685,755 | $1,440,247 | XML |
| 990 | June 2022 | $757,095 | $716,499 | $1,445,536 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 58-1394455).
Questions about KORNER HOMES INC
- What is the EIN of KORNER HOMES INC?
- The employer identification number (EIN) of KORNER HOMES INC is 58-1394455.
- Is KORNER HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to KORNER HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KORNER HOMES INC 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 KORNER HOMES INC 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 KORNER HOMES INC 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 KORNER HOMES INC?
- The 990 for the year ended June 30, 2025 names AHAZ ARMSTRONG.
- Who are the officers and directors of KORNER HOMES INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does KORNER HOMES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $831,351, expenses of $663,363 and total assets of $1,585,499 at year end.
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All nonprofits in WINSTONSALEM · North Carolina · Housing and shelter