WAKE COUNTY OPPORTUNITIES CORP DBA DOROTHY NIXON ALLEN MANOR

EIN: 581878332 501(c)(3) Housing & Shelter

RALEIGH, NC

Total Revenue
$166,585
Total Expenses
$149,504
Total Assets
$187,907
Net Assets
$-127,736
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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
1990
Legal Domicile
NC
Principal Officer
HOWARD PATTERSON
Phone
3364146947
Tax Period
2024-07-01 to 2025-06-30

WAKE COUNTY OPPORTUNITIES CORP DBA DOROTHY NIXON ALLEN MANOR, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $167K in total revenue in fiscal year 2024. Expenses of $150K left a modest 10% surplus.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 17 UNIT APARTMENT COMMUNITY IN HOLLY SPRINGS, NC KNOWN AS DOROTHY NIXON ALLEN MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) 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 (2024)

Revenue Breakdown

Contributions & Grants $118,417
Program Service Revenue $46,682
Investment Income $1,291
Other Revenue $195
TOTAL REVENUE $166,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,070
Other Expenses $149,504
TOTAL EXPENSES $149,504

Year-over-Year Comparison

2024 2023 Change
Revenue $166,585 $161,931 +0.0%
Expenses $149,504 $154,946 0.0%
Net Income $17,081 $6,985 +1.4%
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
8
Independent Members
8
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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD PATTERSON CHAIRMAN 0.50
Officer Director
$0 $0 $0
JOHN HEMINGWAY TREASURER 0.50
Officer Director
$0 $0 $0
ROBERT SMITH SECRETARY 0.50
Officer Director
$0 $0 $0
ANTIONA ABRON DIRECTOR 0.50
Director
$0 $0 $0
CRYSTAL BULLOCK DIRECTOR 0.50
Director
$0 $0 $0
ERVIN R BOND DIRECTOR 0.50
Director
$0 $0 $0
FRANCES PULLEY DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM SCOTT 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 $166,585 $149,504 $187,907 $17,081
2024 No data No data No data No data
2023 $156,603 $156,508 $215,588 $95
2022 $150,512 $147,563 $236,913 $2,949
2021 $153,184 $137,125 $247,767 $16,059
2020 $146,361 $146,354 $258,409 $7
2019 $145,872 $135,728 $266,767 $10,144
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