IRS 990 Nonprofit Profile
Triangle Elderly Housing Corporation
In june of 2011, cary central elderly housing, smithfield elderly housing, princeton elderly housing and kenly central elderly housing were merged to form triangle elderly housing corporation (the project). concurrent with this merger, each project refinanced their hud section 202 direct loan with one hud mortgage insured under section 223(f) of the national housing act. the project consists of 74 hud-assisted elderly housing units in eastern north carolina. occupancy is restricted by hud to very low-income households with at least one person 62 years of age or older. the project's mortgage is its major hud program. the project's section 8 rental assistance contract is its non-major program. for the year ended december 31, 2024, rental revenue from hud totaled 386,580, representing 56.48% of total revenue.
- Filing year
- 2024
- Total revenue
- $708K
- Total expenses
- $594K
- Program expenses
- $516K
- Administration
- $77K
- Fundraising
- $0
- Program share of expenses
- 87%
- EIN
- 272090858
- Location
- Smithfield, NC
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Financial data on this page is sourced from IRS Form 990 filings.