SHARON MANOR HOMES INC
Data sourced from IRS 990 public filings
SHARON MANOR HOMES INC SHARON MANOR HOMES, INC. (THE CORPORATION) 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 OPERATING AS SHARON MANOR HOMES (THE PROJECT). IN JANUARY OF 2007, THE PROJECT REFINANCED ITS HUD SECTION 202 LOAN WITH ONE COVERED BY HUD MORTGAGE INSURANCE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. IN FEBRUARY 2021, THE PROJECT'S MORTGAGE WAS REFINANCED AGAIN AND IS INSURED BY HUD UNDER SECTION 207/223(F) PURSUANT TO SECTION 223(A) (7) OF THE NATIONAL HOUSING ACT, AS AMENDED AND THE REGULATIONS PUBLISHED THEREUNDER IN EFFECT ON DECEMBER 30, 2020. THE PROJECT CONSISTS OF 39 HUD-ASSISTED ELDERLY HOUSING UNITS IN CHARLOTTE, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF SHARON MANOR HOMES. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS
Annual Revenue
$337,917
Known Funders
1
Grants Received
3
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $337,917 | $289,687 | $1,195,918 |
| 2023 | $318,766 | $306,145 | $1,183,428 |
| 2022 | $314,053 | $275,678 | $1,275,725 |
| 2021 | $308,305 | $452,209 | $1,183,525 |
| 2020 | $297,356 | $264,019 | $1,026,958 |
| 2019 | $294,523 | $258,199 | $1,052,828 |
| 2018 | $289,509 | $254,043 | $1,079,350 |
| 2017 | $287,239 | $274,281 | $1,023,661 |
Top Funders
RALEIGH, NC
RALEIGH, NC
RALEIGH, NC
Key Personnel
From 2024 IRS 990 filing
DR JAMES THOMAS
CHAIR
GRACE SOLOMON
ASSISTANT SE
WALTER R NELSON
DIRECTOR
WARREN LASANE
DIRECTOR
OLONDA CARR
DIRECTOR
Frequently Asked Questions
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