THE ODD FELLOWS HOME FOR THE ELDERLY OF NORTH CAROLINA INC

EIN: 581341370 501(c)(3)

WINSTONSALEM, NC

Total Revenue
$1,921,763
Total Expenses
$1,016,646
Total Assets
$3,709,700
Net Assets
$3,577,129
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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
BOBBY BOLES
Phone
3367650424
Tax Period
2023-07-01 to 2024-06-30

THE ODD FELLOWS HOME FOR THE ELDERLY OF NORTH CAROLINA INC, founded in 1977, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $905K, a strong 47% operating margin.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN WINSTON-SALEM, NORTH CAROLINA KNOWN AS COUNTRY VILLAGE APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN 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 THE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,222,977
Program Service Revenue $557,802
Investment Income $98,261
Other Revenue $42,723
TOTAL REVENUE $1,921,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $615,458
Other Expenses $1,016,646
TOTAL EXPENSES $1,016,646

Year-over-Year Comparison

2023 2022 Change
Revenue $1,921,763 $1,414,531 +0.4%
Expenses $1,016,646 $870,410 +0.2%
Net Income $905,117 $544,121 +0.7%
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
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBY G BOLES PRESIDENT 0.50
Officer Director
$0 $0 $0
STEVE PENDRY DIRECTOR 0.50
Director
$0 $0 $0
BOB FULLER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DAVID CRUTCHFIELD SECRETARY 0.50
Officer Director
$0 $0 $0
BILL HAYDEN TREASURER 0.50
Officer Director
$0 $0 $0
ROBERT CAMPBELL DIRECTOR 0.50
Director
$0 $0 $0
SAM WEAVER 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
2025 No data No data No data No data
2024 $1,921,763 $1,016,646 $3,709,700 $905,117
2023 $1,414,531 $870,410 $2,801,381 $544,121
2022 $1,000,291 $746,539 $2,220,866 $253,752
2021 $985,774 $670,251 $1,977,226 $315,523
2020 $968,953 $787,029 $1,874,195 $181,924
2019 $953,996 $744,543 $1,933,601 $209,453
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