COMMONS OF FORSYTH COUNTY INC

WINSTON SALEM, NC | Forsyth County
Affordable Housing

Overview

COMMONS OF FORSYTH COUNTY INC
46-0961990
750 BETHESDA RD
WINSTON SALEM, NC 27103
Forsyth County
(336) 765-3906

Mission Statement info

DEVELOPING AND OPERATING A COMPLEX CONSISTING OF 15 CONDOMINIUMS AND A MULTIPURPOSE BUILDING WHICH INCLUDES 20 BEDROOMS, TWO MULTI-BEDROOM STAND-ALONE HOUSES, A CONFERENCE CENTER, A MEDICAL OFFICE BUILDING, AND A TEN-OFFICE BUILDING. THE PROJECT WILL SERVE HOMELESS FAMILIES WITH MINOR CHILDREN, YOUTH AGING OUT OF FOSTER CARE, AND POTENTIALLY SELF-SUFFICIENT AUTISTIC YOUNG ADULTS.

Founded info
2012
Total Employees info
0
Total Volunteers info
8
CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$96.4K
Revenue
$96.4K
Assets
$4.3M
Exempt Ruling Date info
2014-06
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
750 BETHESDA RD
WINSTON SALEM, NC 27103
Forsyth County
FIPS Geocoded Address info
49180
MSA/CBSA info
37
State info
067
County info
0022.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Winston-Salem, NC
Combined Statistical Area info
Greensboro--Winston-Salem--High Point, NC
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 26.47%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0022.00 Forsyth County
Population
Total Population 3,959 375,195
Total Households 1,847 146,816
Income
Median Family Income (Census*) $71,767 $51,569
Median Family Income (2019 FFIEC) $61,500 N/A
Tract Income Percentage 126.94% N/A
Below Poverty Level 9.5% 16.8%
Unemployment Level 6.4% 5.6%
Housing
Total Housing Units 2,105 164,902
Total Owner-Occupied Units 48.4% 61.6%
Total Renter-Occupied Units 39.3% 38.4%
Total Vacant Units 12.3% 12.8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

8
Total Voting Members
in Governing Body
info
8
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
John Nichols
Assistant Vice President
(336) 765-3906
Principal Officer info
John Nichols
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.