HORIZON DEVELOPMENT PROPERTIES INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- HORIZON DEVELOPMENT PROPERTIES INC (EIN 56-2246833)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-14
- IRS object ID
- 201813189349301081
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-14T07:36:44-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2601 CAMBRIDGE CT STE 500 | AddressLine1Txt |
| City | AUBURN HILLS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48326 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562246833 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HORIZON DEVELOPMENT PROPERTIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HORI | BusinessNameControlTxt |
| Phone | 7043365233 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 EAST BLVD | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28203 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HEATHER R FRANKLIN CPA | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7043365233 | PhoneNum |
| Signature | 2018-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TINA M PETERS CPA | PreparerPersonNm |
| PTIN | P00904574 | PTIN |
| Phone | 2483757100 | PhoneNum |
| Preparation | 2018-11-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.59.56.32 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-09 | IPDt |
| IP Tm | 13:44:56 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 852ED58CBC9AA6807749D456DA873D43AD1BF2F7 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 737380BCD7AD51223FD12A91753DF01CE9F34789 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HEATHER R FRANKLIN CPA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 EAST BLVD | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $34,172,568 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $20,732,923 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,000,008 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,727,805 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,482,104 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$1,804,677 | PYInvestmentIncomeAmt |
| CY Investment Income | $302,707 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $387,749 | CYOtherRevenueAmt |
| PY Total Revenue | $28,656,051 | PYTotalRevenueAmt |
| CY Total Revenue | $34,172,568 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,098,891 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,512,678 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,521,529 | PYOtherExpensesAmt |
| CY Other Expenses | $50,090,692 | CYOtherExpensesAmt |
| PY Total Expenses | $12,620,420 | PYTotalExpensesAmt |
| CY Total Expenses | $53,603,370 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,035,631 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$19,430,802 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $134,413,214 | TotalAssetsBOYAmt |
| Total Assets EOY | $256,024,196 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $86,397,140 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $177,889,810 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $48,016,074 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $78,134,386 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE AFFORDABLE HOUSING TO ALL QUALIFIED FAMILIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $31,892,179 | ExpenseAmt |
| Revenue | $27,408,074 | RevenueAmt |
| Desc | HORIZON DEVELOPMENT HAS A TOTAL OF 3,454 UNITS AVAILABLE TO RENT TO FAMILIES MAKING LESS THAN 80% OF AREA MEDIUM INCOME. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $21,261,452 | ExpenseAmt |
| Revenue | $4,461,779 | RevenueAmt |
| Desc | INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR QUALIFIED FAMILIES: WE ARE CONTINUOUSLY LOOKING FOR ADDITIONAL OPPORTUNITIES TO EXPAND OUR CAPACITY AND PROVIDE ADDITIONAL AFFORDABLE HOUSING OPTIONS FOR FAMILIES IN NEED. NO PROPERTIES WERE PURCHASED IN THE CURRENT YEAR. HOWEVER, THERE ARE MANY REAL ESTATE DEALS BEING PURSUED AND EVALUATED, WITH EACH AT DIFFERENT STAGES IN THE PROCESS. SEVERAL OF THESE SHOULD BE FINALIZED IN THE COMING YEAR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $53,153,631 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEATHER FRANKLIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7043365233 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 EAST BLVD | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28203 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| LINDA ASHENDORF | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LUCY BROWN | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHIRLEY FULTON | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHEILA JONES | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HAROLD COGDELL JR | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RAY MCKINNON | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHNATHON LAHN | |||||||
| COMMISSIONER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHAUNTE EVANS | |||||||
| CHIEF ADMIN OFFICER | 1.00 | 40.00 | $0 | $149,191 | $26,387 | Yes (X) | |
| HEATHER FRANKLIN | |||||||
| CFO | 1.00 | 40.00 | $0 | $152,206 | $24,118 | Yes (X) | |
| FULTON MEACHEM | |||||||
| CEO | 1.00 | 40.00 | $0 | $242,250 | $33,646 | Yes (X) | |
| HARRIETT HUELL | |||||||
| CHIEF COUNSEL | 1.00 | 40.00 | $0 | $146,619 | $22,226 | Yes (X) | |
| TROY DRAWZ | |||||||
| CHIEF OPERATING OFFICER | 1.00 | 40.00 | $0 | $147,303 | $25,247 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $837,569 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $131,624 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| M-M RESIDENTIAL LLC | |||||
| 2201-E CROWNPOINT EXECUTIVE DRIVE | CHARLOTTE | NC | 28227 | CONTRACTOR-TALL OAKS | $8,834,834 |
| SHIEL SEXTON COMPANY INC | |||||
| 902 N CAPITOL AVENUE | INDIANAPOLIS | IN | 46204 | CONTRACTOR-PARK AND MARSH | $1,391,567 |
| GOODWILL INDS OF THE SOUTHERN PIEDMONT | |||||
| PO BOX 668768 | CHARLOTTE | NC | 28266 | CONTRACTOR-SENECA, SOUTHSIDE AND WOODLAW | $1,384,518 |
| FIFTH THIRD BANK | |||||
| 10200 DAVID TAYLOR DRIVE | CHARLOTTE | NC | 28262 | VARIOUS PURCHASES | $831,069 |
| RJJ CONSTRUCTION LLC | |||||
| PO BOX 718 | PINEVILLE | NC | 28134 | CONTRACTOR-SAVANNA, EDWIN AND CHARLOTTET | $642,435 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $2,000,008 | RelatedOrganizationsAmt |
| Total Contributions | $2,000,008 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TENANT RENTAL REVENUE | 531110 | $26,278,575 | $26,278,575 |
| DEVELOPER FEES EARNED | 531110 | $4,136,710 | $4,136,710 |
| OTHER TENANT REVENUE | 531110 | $754,297 | $754,297 |
| CONSTRUCTION MANAGEMENT FEES | 531110 | $312,522 | $312,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,482,104 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $302,707 | TotalRevenueColumnAmt |
| Exclusion | $302,707 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONSULTING FEES | 531110 | $71,525 | $71,525 |
| CABLE REVENUE | 531110 | $26,963 | $26,963 |
| VENDING INCOME | 531110 | $23,896 | $23,896 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $265,365 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $265,365 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $387,749 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,172,568 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,869,853 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $302,707 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,983,709 | TotalAmt |
| Program Services | $2,983,709 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $528,969 | TotalAmt |
| Program Services | $528,969 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,358,297 | TotalAmt |
| Program Services | $1,358,297 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,990 | TotalAmt |
| Program Services | $217,872 | ProgramServicesAmt |
| Management And General | $34,118 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,011 | TotalAmt |
| Program Services | $161,011 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,080,231 | TotalAmt |
| Program Services | $4,080,231 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,748 | TotalAmt |
| Program Services | $87,748 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $637,785 | TotalAmt |
| Program Services | $478,717 | ProgramServicesAmt |
| Management And General | $159,068 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,581,577 | TotalAmt |
| Program Services | $3,581,577 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,231 | TotalAmt |
| Program Services | $56,231 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,858,771 | TotalAmt |
| Program Services | $3,858,771 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,209,569 | TotalAmt |
| Program Services | $8,209,569 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,808,495 | TotalAmt |
| Program Services | $1,808,495 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| BOND DEFEASANCE | $15,279,771 | $15,279,771 |
| REPAIRS & MAINTENANCE | $7,759,216 | $7,759,216 |
| TENANT SERVICES | $1,400,007 | $1,400,007 |
| ASSET MANAGEMENT FEE | $718,239 | $718,239 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $841,754 | TotalAmt |
| Program Services | $585,201 | ProgramServicesAmt |
| Management And General | $256,553 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,603,370 | TotalAmt |
| Program Services | $53,153,631 | ProgramServicesAmt |
| Management And General | $449,739 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $11,531,653 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,394,103 | BOYAmt |
| EOY | $20,610,899 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,190,679 | BOYAmt |
| EOY | $1,904,689 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,811,658 | BOYAmt |
| EOY | $1,230,481 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,549 | BOYAmt |
| EOY | $24,089 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $197,940,945 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $44,399,907 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,999,650 | BOYAmt |
| EOY | $153,541,038 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,335,221 | BOYAmt |
| EOY | $46,452,515 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,559,354 | BOYAmt |
| EOY | $20,728,832 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,413,214 | BOYAmt |
| EOY | $256,024,196 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,305,792 | BOYAmt |
| EOY | $7,119,730 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,840 | BOYAmt |
| EOY | $448,652 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,315,527 | BOYAmt |
| EOY | $164,386,776 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,563,981 | BOYAmt |
| EOY | $5,934,652 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,397,140 | BOYAmt |
| EOY | $177,889,810 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,025,045 | BOYAmt |
| EOY | $12,818,081 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,547,364 | BOYAmt |
| EOY | $59,406,674 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,443,665 | BOYAmt |
| EOY | $5,909,631 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,016,074 | BOYAmt |
| EOY | $78,134,386 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,413,214 | BOYAmt |
| EOY | $256,024,196 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$19,430,802 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $49,549,114 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $746,237 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,501,573 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,290,262 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,732,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,000,008 | CurrentTaxYearAmt |
| Total | $27,271,003 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $746,237 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,501,573 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,290,262 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,732,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,000,008 | CurrentTaxYearAmt |
| Total | $27,271,003 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $27,271,003 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,870 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,318 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,907 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,942 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $302,707 | CurrentTaxYearAmt |
| Total | $332,744 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $612,378 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $136,903 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $224,410 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $387,749 | CurrentTaxYearAmt |
| Total | $1,361,440 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $28,965,187 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $64,975,483 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.94150 | PublicSupportCY170Pct |
| Public Support PY170 | 0.95570 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,897,316 | OtherCostOrOtherBasisAmt |
| Book Value | $16,897,316 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $160,662,899 | OtherCostOrOtherBasisAmt |
| Depreciation | $44,176,836 | DepreciationAmt |
| Book Value | $116,486,063 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,630,285 | OtherCostOrOtherBasisAmt |
| Depreciation | $93,889 | DepreciationAmt |
| Book Value | $17,536,396 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,750,445 | OtherCostOrOtherBasisAmt |
| Depreciation | $129,182 | DepreciationAmt |
| Book Value | $2,621,263 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $153,541,038 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT REAL ESTATE VENTURES | $3,500,000 | C |
| CONSTRUCTION ESCROW | $42,952,515 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $46,452,515 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OTHER ASSETS | $2,423,151 |
| CONSTRUCTION IN PROGRESS | $14,315,214 |
| DEFERRED OUTFLOW OF RESOURCES | $522,739 |
| TENANT SECURITY DEPOSITS | $897,940 |
| DEBT ISSUANCE COST | $2,569,788 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $20,728,832 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| SECURITY DEPOSITS | $893,933 |
| OTHER CURRENT LIABILITIES | $1,885,234 |
| NONCURRENT LIABILITIES - OTHER | $2,191,498 |
| DEFERRED INFLOW OF RESOURCES | $71,477 |
| INTERPROGRAM - DUE TO RELATED PARTY | $892,510 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,934,652 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHAUNTE EVANS | ||||||||||||||
| CHIEF ADMIN OFFICER | $0 | $144,780 | $0 | $4,411 | $0 | $0 | $0 | $11,030 | $0 | $15,357 | $0 | $175,578 | $0 | $0 |
| HEATHER FRANKLIN | ||||||||||||||
| CFO | $0 | $143,201 | $0 | $9,005 | $0 | $0 | $0 | $11,259 | $0 | $12,859 | $0 | $176,324 | $0 | $0 |
| FULTON MEACHEM | ||||||||||||||
| CEO | $0 | $221,250 | $0 | $21,000 | $0 | $0 | $0 | $17,457 | $0 | $16,189 | $0 | $275,896 | $0 | $0 |
| HARRIETT HUELL | ||||||||||||||
| CHIEF COUNSEL | $0 | $139,988 | $0 | $6,631 | $0 | $0 | $0 | $10,543 | $0 | $11,683 | $0 | $168,845 | $0 | $0 |
| TROY DRAWZ | ||||||||||||||
| CHIEF OPERATING OFFICER | $0 | $140,350 | $0 | $6,953 | $0 | $0 | $0 | $11,082 | $0 | $14,165 | $0 | $172,550 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING METHODS ARE USED BY A RELATED ORGANIZATION, THE HOUSING AUTHORITY OF THE CITY OF CHARLOTTE, TO DETERMINE COMPENSATION FOR THE CEO AND OTHER OFFICERS: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | ALL DOCUMENTS ARE EMAILED TO THE BOARD OF COMMISSIONERS AND GIVEN TIME TO REVIEW AND COMMENT PRIOR TO THE FILING OF THE 990 WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO FILL OUT FORMS ANNUALLY AND DISCLOSE CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST ARISES, THE BOARD MEMBER ABSTAINS FROM VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR ALL EMPLOYEES IS BASED ON A YEARLY REVIEW OF MARKET AND INDUSTRY AVERAGES AS WELL AS AN EXTERNAL POSITION REVIEW, WHICH IS COMPLETED EVERY THREE TO FOUR YEARS. EXECUTIVE PAY REQUIRES ADDITIONAL REVIEW THAT INCLUDES THE FOLLOWING: A REVIEW OF ALL POSITIONS FROM AN EXTERNAL COMPENSATION FIRM (WATER CONSULTANTS) TO ENSURE POSITIONS ARE ACCURATE IN BOTH CONTENT AND IN PAY SCALE. FOR EXECUTIVE (CEO) PAY, A SALARY/BENEFIT REVIEW IS APPROXIMATELY EVERY TWO YEARS WITH OTHER AGENCIES (BOTH NC AND SC). THE UTILIZATION OF THE ANNUAL EMPLOYER'S ASSOCIATION SALARY COMPENSATION REVIEW AND THE RESULTS OF THE NAHRO EXECUTIVE COMPENSATION STUDY IS ALSO TAKEN INTO ACCOUNT WHEN DETERMINING EXECUTIVE PAY. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN 2016. THIS PROCESS IS PERFORMED BY A RELATED PARTY. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | RAD ADJUSTMENT - ASSUMPTION OF INTEREST IN PROPERTIES 36,946,875. CAPITAL CONTRIBUTION FROM WELLS FARGO 12,602,239. |
| SCHEDULE R, PART IV | SECTION 168(H)(6)(F)(II) ELECTION FOR HDP-PM HDP-PM, LLC EIN 47-4746633 ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX EXEMPT ENTITY HDP-PM, LLC (47-4746633) LOCATED AT 400 EAST BOULEVARD, CHARLOTTE, NC 28203, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX EXEMPT ENTITY FOR PURPOSES OF APPLYING THE RULES FOUND IN I.R.C. SECTION 168 (H)(6). THIS ELECTION IS AVAILABLE TO BE MADE BY AN ENTITY THAT IS NOT TAX EXEMPT, BUT WHICH IS CONTROLLED 50% OR MORE BY A TAX EXEMPT ENTITY. HDP-PM, LLC QUALIFIES TO MAKE SUCH ELECTION, AS IT IS OWNED 100% BY HORIZON DEVELOPMENT PROPERTIES, INC. (A TAX-EXEMPT ENTITY) (EIN 56-2246833) LOCATED AT 400 EAST BLVD., CHARLOTTE, NC 28203. THE PURPOSE OF THIS ELECTION IS TO TREAT THE ENTITY'S ALLOCABLE SHARE OF DEPRECIABLE PROPERTY OWNED BY PARK AND MARSH SENIORS, LLC (47-1869284) IN CHARLOTTE, NORTH CAROLINA. AS PROPERTY WHICH IS NOT TAX-EXEMPT USE PROPERTY. HDP-PM, LLC ACKNOWLEDGES THAT THE FOREGOING ELECTION IS IRREVOCABLE AND IS BINDING ON ALL TAX-EXEMPT ENTITIES HOLDING OWNERSHIP INTERESTS IN HDP-PM, LLC. |
| SCHEDULE R, PART IV | SECTION 168(H)(6)(F)(II) ELECTION FOR HDP-TO HDP-TO, LLC EIN 47-5041480 ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX EXEMPT ENTITY HDP-TO, LLC (47-5041480) LOCATED AT 400 EAST BOULEVARD, CHARLOTTE, NC 28203, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX EXEMPT ENTITY FOR PURPOSES OF APPLYING THE RULES FOUND IN I.R.C. SECTION 168 (H)(6). THIS ELECTION IS AVAILABLE TO BE MADE BY AN ENTITY THAT IS NOT TAX EXEMPT, BUT WHICH IS CONTROLLED 50% OR MORE BY A TAX EXEMPT ENTITY. HDP-TO, LLC QUALIFIES TO MAKE SUCH ELECTION, AS IT IS OWNED 100% BY HORIZON DEVELOPMENT PROPERTIES, INC. (A TAX-EXEMPT ENTITY) (EIN 56-2246833) LOCATED AT 400 EAST BLVD., CHARLOTTE, NC 28203. THE PURPOSE OF THIS ELECTION IS TO TREAT THE ENTITY'S ALLOCABLE SHARE OF DEPRECIABLE PROPERTY OWNED BY TALL OAKS REDEVELOPMENT,LLC (47-5053942) IN CHARLOTTE, NORTH CAROLINA. AS PROPERTY WHICH IS NOT TAX-EXEMPT USE PROPERTY. HDP-TO, LLC ACKNOWLEDGES THAT THE FOREGOING ELECTION IS IRREVOCABLE AND IS BINDING ON ALL TAX-EXEMPT ENTITIES HOLDING OWNERSHIP INTERESTS IN HDP-TO, LLC. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (25 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| THE LOFTS LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 273408133 | AFF. HOUSING | NC | $2,311,254 | $24,485,307 | HORIZON DEVELOPMENT PROPERTIES INC |
| MILL POND CHARLOTTE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 273529561 | AFF. HOUSING | NC | $1,877,514 | $11,136,692 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP SOUTHSIDE HOMES LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813328210 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP CHARLOTTETOWN EDWIN LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813383197 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP ARBOR GLEN 50 LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 814404515 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP AUTUMN PLACE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813307476 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP CEDAR KNOLL LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813618615 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP CLAREMONT LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813763857 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP FAIRMARKET SQUARE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813277229 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP GLADEDALE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813633445 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP GLEN COVE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813794790 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP HAMPTON CRESTE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813779594 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP LEAFCREST LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813590901 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP MALLARD RIDGE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813661820 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP MCALPINE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813809670 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP MCMULLEN WOOD LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813838571 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP MEADOW OAKS LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813647486 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP ROBINSDALE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813702116 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP SAVANNA WOODS LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813745619 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP SENECA WOODS LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813824526 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP SUNRIDGE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813603532 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP TARLTON HILLS LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813715850 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP VICTORIA SQUARE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813685578 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP WALLACE WOODS LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813674027 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
| HDP WOODLAWN HOUSE LLC | |||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 813271078 | REAL ESTATE | NC | $0 | $0 | HORIZON DEVELOPMENT PROPERTIES INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HOUSING AUTHORITY OF CHARLOTTE | |||||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28202 | 566000560 | LOW-INC HOUSING | NC | GOVERNMENT | N/A | 0 | ||
| CORE PROGRAMS INC | |||||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28202 | 311815003 | ASSIST RESIDENTIAL | NC | 501(C)(3) | Yes (1) | LINE 7 | HOUSING AUTHORITY OF CHARLOTTE | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARBOR GLEN III LLC | |||||||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 200330906 | REAL ESTATE | NC | HORIZON DEVELOPMENT PROPERTIES INC | RELATED | $161,479 | $2,065,946 | 0 | Yes (1) | 0.99900 |
| ARBOR GLEN II LLC | |||||||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | 223867532 | REAL ESTATE | NC | HORIZON DEVELOPMENT PROPERTIES INC | RELATED | $652,294 | $7,102,973 | 0 | Yes (1) | 0.99900 |
| NEW DALTON IA LLC | |||||||||||||
| 400 EAST BLVD | CHARLOTTE | NC | 28203 | REAL ESTATE | NC | HORIZON DEVELOPMENT PROPERTIES INC | RELATED | $1,010,458 | $8,159,802 | 0 | Yes (1) | 0.99900 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HORIZON ACQUISITION CORP | ||||||||||||
| PO BOX 36795 | CHARLOTTE | NC | 28236 | 562255222 | REAL ESTATE | NC | N/A | C | $6,149,081 | $48,868,304 | 1.00000 | Yes (1) |
| HDP-PM LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 474746633 | REAL ESTATE | NC | N/A | C | 1.00000 | Yes (1) | ||
| HDP-TO LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 475041480 | REAL ESTATE | NC | N/A | C | $34 | $1,034 | 1.00000 | Yes (1) |
| HDP MONTGOMERY GARDENS LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814334661 | REAL ESTATE | NC | N/A | C | -$14 | -$2,523 | 1.00000 | Yes (1) |
| HDP NIA POINT LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814308375 | REAL ESTATE | NC | N/A | C | -$15 | -$13,838 | 1.00000 | Yes (1) |
| HDP SPRINGFIELD GARDENS LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814376362 | REAL ESTATE | NC | N/A | C | -$14 | -$17,349 | 1.00000 | Yes (1) |
| HDP PARK AT OAKLAWN LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814383217 | REAL ESTATE | NC | N/A | C | 1.00000 | Yes (1) | ||
| HDP 940 BREVARD LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814322635 | REAL ESTATE | NC | N/A | C | -$42 | -$15,984 | 1.00000 | Yes (1) |
| HDP ARBOR GLEN I LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814424241 | REAL ESTATE | NC | N/A | C | 1.00000 | Yes (1) | ||
| HDP ARBOR GLEN II LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814458642 | REAL ESTATE | NC | N/A | C | -$15 | -$124,492 | 1.00000 | Yes (1) |
| HDP ARBOR GLEN III LLC | ||||||||||||
| 400 EAST BOULEVARD | CHARLOTTE | NC | 28203 | 814471283 | REAL ESTATE | NC | N/A | C | -$5 | -$3,219 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |