IRS 990 Nonprofit Profile

Sharon Manor Homes INC

Sharon manor homes, inc. (the corporation) was formed as a non-profit corporation under the laws of the state of north carolina for the purpose of constructing and operating a rental housing project under section 202 of the national housing act operating as sharon manor homes (the project). in january of 2007, the project refinanced its hud section 202 loan with one covered by hud mortgage insurance under section 223(f) of the national housing act. in february 2021, the project's mortgage was refinanced again and is insured by hud under section 207/223(f) pursuant to section 223(a) (7) of the national housing act, as amended and the regulations published thereunder in effect on december 30, 2020. the project consists of 39 hud-assisted elderly housing units in charlotte, north carolina and is currently operating under the name of sharon manor homes. such projects are regulated by hud as to rent charges and operating methods. occupancy is restricted by hud to very low-income households

Filing year

2024

Total revenue

$338K

Total expenses

$290K

Program expenses

$251K

Administration

$39K

Fundraising

$0

Program share of expenses

87%

EIN

561404398

Location

Greensboro, NC