SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2017
Open to Public
Inspection
Name of the organization
SHEPHERD HOUSING INC
 
Employer identification number

58-1691946
Return Reference Explanation
FORM 990 - ORGANIZATION'S MISSION 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 IS ITS MAJOR HUD PROGRAM.
FORM 990, PAGE 6, PART VI, LINE 3 THE PROJECT PAYS A MANAGEMENT FEE EQUAL TO 6.006% OF RENT AND OTHER INCOME COLLECTED TO BEACON MANAGEMENT CORPORATION. THE PROJECT ALSO REIMBURSES BEACON MANAGMENT CORPORATION FRONT LINE ACCOUNTING AND ADMINISTRATIVE EXPENSES. THIS REIMBURSEMENT AMOUNTED TO 4,183 FOR THE YEAR ENDED SEPTEMBER 30, 2018.
FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2017


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