THE PROJECT 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. IN APRIL OF 2006, THE PROJECT REFINANCED ITS HUD SECTION 202 LOAN WITH ONE COVERED BY HUD MORTGAGE INSURANCE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 20 HUD-ASSISTED HOUSING UNITS IN GREENSBORO, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF SHEPHERD HOUSE. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME ADULTS WITH DISABILITIES. A SIGNIFICANT PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED FROM HUD UNDER A SECTION 8 PROJECT ASSISTANCE CONTRACT (PAC). THE PROJECTS NONMAJOR PROGRAM IS ITS SECTION 8 RENT SUBSIDY. FINANCING WAS PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECTS MORTGAGE
Reported officers (all unpaid)
No paid executives reported in 2023. SHEPHERD HOUSING INC reported 6 unpaid officers and board members on its 990.
Revenue and expenses over time
SHEPHERD HOUSING INC reported revenue and expenses across 2 filing years.
What Human Services executives earn in North Carolina
SHEPHERD HOUSING INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable human services organization in North Carolina earns a median of $62,382.
These are human services sector-wide figures, not this organization's reported pay. Based on 246 organizations across 246 filings (2022 – 2023).
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