PRINCEVILLE HOUSING DEVELOPMENT INC

EIN: 561290050 501(c)(3) Housing & Shelter

DUNN, NC

Total Revenue
$269,998
Total Expenses
$300,092
Total Assets
$1,896,735
Net Assets
$326,530
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Principal Officer
JAMES T WILLOUGHBY
Phone
9108925999
Tax Period
2025-01-01 to 2025-12-31

PRINCEVILLE HOUSING DEVELOPMENT INC, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $270K in total revenue in fiscal year 2025. Expenses of $300K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME FAMILIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $225,246
Program Service Revenue $44,675
Investment Income $77
Other Revenue $0
TOTAL REVENUE $269,998

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $293,946
Other Expenses $300,092
TOTAL EXPENSES $300,092

Year-over-Year Comparison

2025 2024 Change
Revenue $269,998 $264,619 +0.0%
Expenses $300,092 $268,730 +0.1%
Net Income $-30,094 $-4,111 +6.3%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES T WILLOUGHBY III CHAIRMAN 0.00
Officer Director
$0 $0 $0
EMMA WILKINS VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
SHERETA BULLOCK SECRETARY 0.00
Officer Director
$0 $0 $0
ANNIE JONES MEMBER 0.00
Director
$0 $0 $0
PATRICIA JOHNSON MEMBER 0.00
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
2025 $269,998 $300,092 $1,896,735 $-30,094
2024 $264,619 $268,730 $1,948,965 $-4,111
2023 $267,871 $269,348 $1,987,487 $-1,477
2022 $266,306 $249,601 $2,021,174 $16,705
2021 $266,290 $240,477 $2,038,526 $25,813
2020 $231,912 $243,500 $2,043,576 $-11,588
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