Cannon Housing Inc in Dunn, North Carolina (NC)

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Cannon Housing Inc
Employer Identification Number (EIN)581743456
Name of OrganizationCannon Housing Inc
AddressPO BOX 1254, Dunn, NC 28335-1254
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date11/1987
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$881,030
Amount of Income$280,204
Form 990 Revenue Amount$280,204
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2012: $280,204 (it was $284,808 in 2011)
Cannon Housing Inc: 

 $280,204
Other organizations performing similar types of work: 

 $449,898

Assets in 2012: $881,030 (it was $944,828 in 2011)
Cannon Housing Inc: 

 $881,030
Other organizations performing similar types of work: 

 $1,155,056

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$284,808
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$284,603
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$205
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$293,442
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$38,663
Payroll taxes$2,780
Professional fundraising services$0
Other$251,999
Balance Sheet (for 2011)
Total assets$944,828
Total liabilities$1,485,660
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,455,257
Unsecured notes and loans payable to unrelated third parties$0
Other$30,403
Total net assets or fund balances$-540,832
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$1,422,150
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$1,420,095
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$2,055
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Hebrew Home Housing Development Fund Co Inc5901 Palisade Ave, Bronx, NY 10471-1205NY1978-11$7,006,413
2Kaweah Management Company5140 W Cypress Ave, Visalia, CA 93277-8303CA1978-09$2,204,459
3Zion Non-Profit Corporation1101 W Girard Avenue, Philadelphia, PA 19123-1138PA1966-12$852,329
4Spring Meadows Inc1800 Carley Rd Apt 85, Springdale, AR 72762-5975AR1981-10$713,480
5Community Housing Services Inc311 N Broad St, Lansdale, PA 19446-2411PA1986-08$678,341
6Model Housing Cooperative Inc9041 N Kendall Dr, Miami, FL 33176-2119FL1992-03$512,003
7Hubbardston Elderly Housing Inc205 School Street, Gardner, MA 01440-2781MA1983-09$469,801
8Abundant Life Of Perrysburg 2 Inc200 Zoar Drive, Perrysburg, OH 43551-3186OH1992-08$302,243
9Tucker Rehabilitation IncPO BOX 6400, Wheeling, WV 26003-0801WV1987-09$176,456
10Choanoke Area Development AssocPO BOX 530, Rich Square, NC 27869-0530NC1965-03$11,155,469
11Bell House Inc2400 Summit Ave, Greensboro, NC 27405-5014NC1976-07$1,464,278
12Cmhp Properties Inc4601 Charlotte Park Drive Suite 35, Charlotte, NC 28217-1915NC1996-05$1,446,518
13Inter-Church Council Housing Corporation412 Fayetteville Street Mall, Raleigh, NC 27601-1741NC1977-03$796,306
14Granville Place Inc750 Bethesda Rd, Winston Salem, NC 27103-3302NC1979-04$710,662
15Glover Plaza IncPO BOX 899, Wilmington, NC 28402-0899NC1997-04$627,449
16Mount Sinai Foundation Inc, Mt Sinai HomesPO BOX 851, Durham, NC 27702-0851NC1986-09$574,567
17Roanoke Housing Development CorporationPO BOX 2185, Raleigh, NC 27602-2185NC1987-09$555,300
18Mecklenburg Hud Group Home No 1 Inc4425 Randolph Rd Ste 400, Charlotte, NC 28211-2371NC1984-07$447,434
19Mock Place Inc750 Bethesda Rd, Winston Salem, NC 27103-3302NC1982-08$339,795
20Fair Bluff Housing IncPO BOX 587, Fair Bluff, NC 28439-0587NC1980-07$315,670
Number of organizations performing similar types of work
Alabama17
Arkansas20
Arizona7
California77
Colorado16
Connecticut9
District of Columbia4
Delaware3
Florida44
Georgia28
Hawaii2
Iowa8
Idaho2
Illinois11
Indiana17
Kansas8
Kentucky15
Louisiana5
Massachusetts21
Maryland14
Maine9
Michigan14
Minnesota8
Missouri5
Mississippi5
Montana4
North Carolina24
New Hampshire8
New Jersey14
New Mexico2
Nevada2
New York51
Ohio43
Oklahoma8
Oregon16
Pennsylvania28
Rhode Island5
South Carolina6
South Dakota3
Tennessee18
Texas26
Utah2
Virginia42
Vermont5
Washington16
Wisconsin13
West Virginia2
Wyoming1
International1
Total709

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