THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO DEVELOP, OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN WAKE FOREST, NC KNOWN AS TURNBERRY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT AGREEMENT (PRAC) WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).
Executive compensation
Form 990 · Schedule J · 11 reported individuals · Filing year 2023
| Position | Total |
|---|---|
President | $15k $17k |
Cfo/ Senior VP senior vice president | $13k $15k |
VP of Homeownership Center Services vice president | $13k $14k |
Senior Project Manager highest compensated employee | $12k $13k |
VP of Real Estate Development vice president | $10k $11k |
VP of Impact vice president | $9k $10k |
Senior Project Manager highest compensated employee | $8k $9k |
Senior Project Manager highest compensated employee | $8k $9k |
VP of Finance vice president | $7k $8k |
Senior Project Manager highest compensated employee | $7k $7k |
Director of Enterprise S&d highest compensated employee | $3k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Up 11%
from 2022
From $14k in 2022 to $15k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
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