Nonprofit · EIN 56-1600118
RALEIGH HOUSING FUND INC
Tax-exempt · RALEIGH, NC 27611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $374,793 | $437,652 | -$62,859 | $2,254,336 | $503,240 | $1,751,096 |
| December 31, 2023 | 990 | $382,949 | $390,124 | -$7,175 | $2,328,432 | $514,477 | $1,813,955 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $122,128
- Program service revenue
- $241,912
- Investment income
- $5,264
- Other revenue
- $5,489
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $53,582
- Other salaries and wages
- $52,616
- Salaries, compensation and benefits (total)
- $119,517
- Professional fundraising fees
- $0
- Accounting fees
- $27,103
- Travel
- $2,608
- Depreciation
- $80,986
- Program services (functional)
- $378,829
- Management and general (functional)
- $39,163
- Fundraising (functional)
- $19,660
Balance sheet and other
- Total assets, start of year
- $2,328,432
- Total assets, end of year
- $2,254,336
- Total liabilities, end of year
- $503,240
- Net assets, end of year
- $1,751,096
- Land, buildings and equipment
- $1,878,327
- Net assets without donor restrictions
- $1,748,860
- Net assets with donor restrictions
- $2,236
- Gross receipts
- $374,793
- Employees
- 5
- Volunteers
- 30
- Year formed
- 1988
- 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 |
|---|---|---|---|
| JOE DEMURO | EXECUTIVE DIRECTOR Officer | 40 | $53,582 |
| ALAN JOHNSON | TREASURER Trustee or director, Officer | 5 | $0 |
| BOB CATO | SECRETARY Trustee or director, Officer | 5 | $0 |
| JERRY SAYRE | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| IAN SANDERS | CHAIR Trustee or director, Officer | 5 | $0 |
| GARY DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BEAM | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WARE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SIDEBOTHAM | DIRECTOR Trustee or director | 1 | $0 |
| JAKE PARROTT | DIRECTOR Trustee or director | 1 | $0 |
| EILEEN O'RIORDAN | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN GILCHRIST | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HILL | DIRECTOR Trustee or director | 1 | $0 |
| ROSEMARY CRANE | DIRECTOR Trustee or director | 1 | $0 |
| ROBBY BRINLEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE DEMURO | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $53,582 |
| JOHN WARE | CHAIR Trustee or director, Officer | 5 | $0 |
| JERRY SAYRE | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| BOB CATO | SECRETARY Trustee or director, Officer | 5 | $0 |
| NICK BUTTERLY | DIRECTOR Trustee or director | 1 | $0 |
| ALAN JOHNSON | TREASURER Trustee or director, Officer | 5 | $0 |
| ROBBY BRINLEY | DIRECTOR Trustee or director | 1 | $0 |
| ROSEMARY CRANE | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HILL | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN GILCHRIST | DIRECTOR Trustee or director | 1 | $0 |
| EILEEN O'RIORDAN | DIRECTOR Trustee or director | 1 | $0 |
| JACOB PARROTT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SIDEBOTHAM | DIRECTOR Trustee or director | 1 | $0 |
| IAN SANDERS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BEAM | DIRECTOR Trustee or director | 1 | $0 |
| GARY DAVIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 27585, RALEIGH, NC 27611-7585
- Principal officer (990 for 2024)
- IAN SANDERS, PO BOX 27585, RALEIGH, NC 27601
- Signed the 990
- IAN SANDERS, CHAIR
- Phone
- (919) 327-2229
- Website
- EMMAUSHOUSEOFRALEIGH.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
TO PROVIDE AFFORDABLE HOUSING FOR WORKING HOMELESS MEN RECOVERING FROM SUBSTANCE DEPENDENCY.
Program accomplishments
- PROVIDE AFFORDABLE HOUSING FOR WORKING HOMELESS MEN RECOVERING FROM SUBSTANCE DEPENDENCY. COUNSELING AND FINANCIAL GUIDANCE ARE PROVIDED. AN AVERAGE OF 50 MEN ARE SERVED PER YEAR.Expenses $378,829 · revenue $247,401
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
- 56-1600118
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,254,336
- Income (IRS master file)
- $374,793
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $374,793 | $437,652 | $2,254,336 | XML |
| 990 | December 2023 | $382,949 | $390,124 | $2,328,432 | XML |
| 990 | December 2022 | $975,536 | $312,603 | $2,354,438 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-1600118).
Questions about RALEIGH HOUSING FUND INC
- What is the EIN of RALEIGH HOUSING FUND INC?
- The employer identification number (EIN) of RALEIGH HOUSING FUND INC is 56-1600118.
- Is RALEIGH HOUSING FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to RALEIGH HOUSING FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RALEIGH HOUSING FUND 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 RALEIGH HOUSING FUND 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 RALEIGH HOUSING FUND 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 RALEIGH HOUSING FUND INC?
- The 990 for the year ended December 31, 2024 names IAN SANDERS.
- Who are the officers and directors of RALEIGH HOUSING FUND INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $53,582 (JOE DEMURO, EXECUTIVE DIRECTOR).
- How much revenue does RALEIGH HOUSING FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $374,793, expenses of $437,652 and total assets of $2,254,336 at year end.
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