THE APARTMENTS AT ORCHARD VIEW INC

EIN: 273308155 501(c)(3) Housing & Shelter

FRANKLIN, NC

Total Revenue
$276,152
Total Expenses
$321,201
Total Assets
$1,065,208
Net Assets
$-420,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
PATRICK BETANCOURT
Phone
3367650424
Tax Period
2023-01-01 to 2023-12-31

THE APARTMENTS AT ORCHARD VIEW INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $276K in total revenue in fiscal year 2023. Expenses of $321K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE APARTMENTS AT ORCHARD VIEW INC, A NORTH CAROLINA NOT FOR PROFIT CORPORATION, WAS ORGANIZED TO OWN AND OPERATE A 48 UNIT APARTMENT PROJECT FOR LOW INCOME FAMILIES KNOWN AS ORCHARD VIEW APARTMENTS (THE COMMUNITY) LOCATED IN FRANKLIN NORTH CAROLINA. THE UNITS WERE ELIGIBLE AND QUALIFIED FOR LOW INCOME HOUSING TAX CREDITS IN ACCORDANCE WITH SECTION 42 OF THE INTERNAL REVENUE CODE AS ENACTED BY THE TAX REFORM ACT OF 1986.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $69,329
Program Service Revenue $205,963
Investment Income $-8,396
Other Revenue $9,256
TOTAL REVENUE $276,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $274,902
Other Expenses $321,201
TOTAL EXPENSES $321,201

Year-over-Year Comparison

2023 2022 Change
Revenue $276,152 $269,005 +0.0%
Expenses $321,201 $314,296 +0.0%
Net Income $-45,049 $-45,291 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK BETANCOURT CHAIR PERSON 0.50
Officer Director
$0 $0 $0
MARK WEST VICE CHAIR 0.50
Officer Director
$0 $0 $0
D'ANNE MADDOX SECRETARY TREASURER 0.50
Officer Director
$0 $0 $0
BOBBY SANDERS DIRECTOR 0.50
Director
$0 $0 $0
BOB SCOTT DIRECTOR 0.50
Director
$0 $0 $0
DICK SCHMIDT DIRECTOR 0.50
Director
$0 $0 $0
TIM HOGSED DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $276,152 $321,201 $1,065,208 $-45,049
2022 $269,005 $314,296 $1,125,399 $-45,291
2021 $254,972 $298,950 $1,189,795 $-43,978
2020 $268,756 $317,730 $1,256,395 $-48,974
2019 $253,385 $284,734 $1,309,672 $-31,349
2018 $248,412 $273,942 $1,353,462 $-25,530
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