Nonprofit · EIN 58-1521578
WESLEYAN HOMES OF TROY INC
Tax-exempt · TROY, NC 27371
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $418,267 | $408,441 | $9,826 | $2,003,759 | $2,086,942 | -$83,183 |
| December 31, 2023 | 990 | $388,844 | $320,425 | $68,419 | $2,296,746 | $2,389,755 | -$93,009 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $290,411
- of which government grants
- $290,411
- Program service revenue
- $126,252
- Investment income
- $1,604
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,831
- Accounting fees
- $5,000
- Occupancy
- $135,668
- Depreciation
- $61,388
- Program services (functional)
- $399,616
- Management and general (functional)
- $8,825
Balance sheet and other
- Total assets, start of year
- $2,296,746
- Total assets, end of year
- $2,003,759
- Total liabilities, end of year
- $2,086,942
- Net assets, end of year
- -$83,183
- Land, buildings and equipment
- $1,685,008
- Net assets without donor restrictions
- -$83,183
- Gross receipts
- $418,267
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1983
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD HINSON | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| AMY VUNCANNON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERIC M ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| MARK HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY HAYNES | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD LINDSEY | DIRECTOR Trustee or director | 1 | $0 |
| SHARON PIGFORD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD HINSON | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| AMY VUNCANNON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERIC M ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| MARK HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY HAYNES | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD LINDSEY | DIRECTOR Trustee or director | 1 | $0 |
| SHARON PIGFORD | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1368 NC HWY 134 N, TROY, NC 27371-8339
- Principal officer (990 for 2024)
- RICHARD HINSON, 1368 NC HIGHWAY 134 NORTH, TROY, NC 27371
- Signed the 990
- RICHARD HINSON, BOARD CHAIR
- Phone
- (910) 572-2218
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY.
Program accomplishments
- THE ORGANIZATION OPERATES A 40-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN TROY, NC, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A HOUSING ASSISTANCE PAYMENTS CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.Expenses $399,616 · revenue $126,252
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1521578
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P70Z)
- Assets (IRS master file)
- $2,003,759
- Income (IRS master file)
- $418,267
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $418,267 | $408,441 | $2,003,759 | XML |
| 990 | December 2023 | $388,844 | $320,425 | $2,296,746 | XML |
| 990 | December 2022 | $344,618 | $258,024 | $361,032 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 58-1521578).
Questions about WESLEYAN HOMES OF TROY INC
- What is the EIN of WESLEYAN HOMES OF TROY INC?
- The employer identification number (EIN) of WESLEYAN HOMES OF TROY INC is 58-1521578.
- Is WESLEYAN HOMES OF TROY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to WESLEYAN HOMES OF TROY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WESLEYAN HOMES OF TROY 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 WESLEYAN HOMES OF TROY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESLEYAN HOMES OF TROY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WESLEYAN HOMES OF TROY INC?
- The 990 for the year ended December 31, 2024 names RICHARD HINSON.
- Who are the officers and directors of WESLEYAN HOMES OF TROY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does WESLEYAN HOMES OF TROY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $418,267, expenses of $408,441 and total assets of $2,003,759 at year end.
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