Giles housing organization now defunct
A Giles County affordable housing development company established in the 1990s has gone out of business.
The Giles County Housing Development Corporation ceased operations on May 14, according to Amanda Pearson of the Virginia Department of Housing and Community Development.
The department was notified of the closure by letter, Pearson said.
Wanda Meador, former executive director of the nonprofit corporation, did not respond to multiple phone messages seeking comment. Emails sent to the organization’s address were returned undeliverable.
In January, it came to light that the Pearisburg-based corporation owed $216,000 in back payroll taxes.
Three organizational leaders were in danger of being held personally liable for $37,000. The corporation blamed the tax troubles on its Richmond-based accounting firm, but representatives declined to identify the firm.
An online tax information search showed that the organization’s nonprofit status was revoked in 2011 for failure to file 990 forms for three consecutive years. Those forms are releasable to the public.
According to the most recent online tax records, filed in 2008 by Richmond firm Dooley & Vicars, the organization had approximately $2.4 million in income and operated with a $165,046 budget, with employee compensation making up approximately $94,000.
Over the years, the organization had helped refurbish and construct affordable rental properties across Giles County, and performed property management duties for many of them.
The Roanoke Times | 381-1675
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