Nonprofit · EIN 47-1775761
COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC
Tax-exempt · MONROE, NC 28111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,553,736 | $2,003,111 | $550,625 | $7,862,590 | $868,261 | $6,994,329 |
| December 31, 2023 | 990 | $339,817 | $385,651 | -$45,834 | $3,721,966 | $70,740 | $3,651,226 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,726,556
- of which government grants
- $1,726,556
- Program service revenue
- $509,654
- Investment income
- -$20,953
- Net rental income
- $27,000
- Net gain from sales of assets
- -$23,761
- Other revenue
- $338,479
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $16,263
- Accounting fees
- $15,751
- Occupancy
- $299,084
- Travel
- $4,280
- Depreciation
- $383,102
- Program services (functional)
- $1,946,655
- Management and general (functional)
- $56,456
Balance sheet and other
- Total assets, start of year
- $3,721,966
- Total assets, end of year
- $7,862,590
- Total liabilities, end of year
- $868,261
- Net assets, end of year
- $6,994,329
- Land, buildings and equipment
- $5,652,396
- Net assets without donor restrictions
- $6,994,329
- Gross receipts
- $2,577,497
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2014
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ANNA MCRAE | CEO/PRESIDENT Trustee or director, Officer | 1 | $17,500 | $50,126 |
| DONYELLE COALSON | CFO/SECRETARY Trustee or director, Officer | 1 | $0 | $44,424 |
| HILDA JONES | DIRECTOR Trustee or director, Officer | 0 | $0 | $0 |
| FANNIE YOUNG | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JAMES MUNGO | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JAMES VINSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MONIQUE HOLT | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ANNA MCRAE | CHIEF EXECUTIVE OFFICER/DE Trustee or director, Officer | 1 | $0 | $80,298 |
| DONYELLE COALSON | CHIEF FINANCIAL OFFICER/SE Trustee or director, Officer | 1 | $0 | $15,523 |
| HILDA JONES | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| FANNIE YOUNG | CHAIRMAN Trustee or director | 0 | $0 | $0 |
| JAMES MUNGO | COMMISSIONER Trustee or director | 0 | $0 | $0 |
| JAMES VINSON | COMMISSIONER Trustee or director | 0 | $0 | $0 |
| MONIQUE HOLT | COMMISSIONER Trustee or director | 0 | $0 | $0 |
| BENITA SANDERS | COMMISSIONER Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 805, MONROE, NC 28111-0805
- Principal officer (990 for 2024)
- ANNA MCRAE, 504 HOUGH STREET, MONROE, NC 281110805
- Signed the 990
- ANNA MCRAE, EXECUTIVE DIRECTOR
- Phone
- (704) 289-2314
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
THE CORPORATION IS ESTABLISHED FOR THE CHARITABLE PURPOSE OF DEVELOPING, SPONSORING, CREATING, OWNING, FINANCING, BUILDING, MAINTAINING AND GENERALLY PROVIDING HOUSING FOR INDIVIDUALS OR FAMILIES WITH LOW OR MODERATE INCOMES.
Program accomplishments
- THE ENTITY PROVIDES LOW INCOME AND AFFORDABLE HOUSING TO THE COMMUNITY THROUGH THE RENTAL ASSISTANCE DEMONSTRATION (RAD) PROGRAM, WHICH ALLOWS PUBLIC HOUSING AUTHORITIES THE MEANS TO IMPROVE LEGACY HUD PROPERTIES WHICH ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.Expenses $1,946,655 · revenue $821,133
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1775761
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $7,862,590
- Income (IRS master file)
- $2,577,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,553,736 | $2,003,111 | $7,862,590 | IRS |
| 990 | December 2023 | $339,817 | $385,651 | $3,721,966 | XML |
| 990 | December 2022 | $300,572 | $257,132 | $3,732,573 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1775761).
Questions about COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC
- What is the EIN of COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC?
- The employer identification number (EIN) of COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC is 47-1775761.
- Is COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC?
- The 990 for the year ended December 31, 2024 names ANNA MCRAE.
- Who are the officers and directors of COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $17,500 (ANNA MCRAE, CEO/PRESIDENT).
- How much revenue does COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,553,736, expenses of $2,003,111 and total assets of $7,862,590 at year end.
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All nonprofits in MONROE · North Carolina · Housing and shelter