ANOINTED ACRES HOUSING DEVELOPMENT

EIN: 562078621 501(c)(3)

GREENSBORO, NC

Total Revenue
$378,003
Total Expenses
$523,583
Total Assets
$2,104,349
Net Assets
$1,998,136
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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
1998
Legal Domicile
NC
Principal Officer
JUDY ROBINSON
Phone
3149939000
Tax Period
2024-10-01 to 2025-09-30

ANOINTED ACRES HOUSING DEVELOPMENT, founded in 1998, is a small nonprofit that reported $378K in total revenue in fiscal year 2024. Expenses of $524K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 59-UNIT APARTMENT COMMUNITY IN GREENSBORO, NORTH CAROLINA, KNOWN AS NBA ANOINTED ACRES, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING 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 SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $107,719
Program Service Revenue $253,038
Investment Income $10,200
Other Revenue $7,046
TOTAL REVENUE $378,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $384,210
Other Expenses $523,583
TOTAL EXPENSES $523,583

Year-over-Year Comparison

2024 2023 Change
Revenue $378,003 $353,305 +0.1%
Expenses $523,583 $464,327 +0.1%
Net Income $-145,580 $-111,022 +0.3%
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
10
Independent Members
10
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SABRINA BREEDAN TREASURER 0.50
Officer Director
$0 $0 $0
RONALD GLOVER MEMBER 0.50
Director
$0 $0 $0
WAYNE HOLMES SECRETARY 0.50
Officer Director
$0 $0 $0
M RUTH MCCOY MEMBER 0.50
Director
$0 $0 $0
ROY YOUNG MEMBER 0.50
Director
$0 $0 $0
WAYNE HOLMES MEMBER 0.50
Director
$0 $0 $0
JUDY ROBINSON CHAIR 0.50
Officer Director
$0 $0 $0
ELLEN SMITH PRESIDENT 0.50
Officer 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 $378,003 $523,583 $2,104,349 $-145,580
2024 No data No data No data No data
2023 $385,876 $458,086 $2,335,351 $-72,210
2022 $337,649 $421,866 $2,396,642 $-84,217
2021 $345,786 $418,364 $2,484,116 $-72,578
2020 $322,846 $456,131 $2,561,838 $-133,285
2019 $333,391 $383,141 $2,645,850 $-49,750
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