Nonprofit · EIN 56-2217808
CAHEC PROPERTIES CORPORATION
Tax-exempt · RALEIGH, NC 27615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,499,876 | $1,525,515 | $1,974,361 | $19,349,148 | $9,475,708 | $9,873,440 |
| December 31, 2023 | 990 | $2,623,721 | $1,409,005 | $1,214,716 | $15,114,944 | $7,372,257 | $7,742,687 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,177,020
- Investment income
- $322,856
- Net gain from sales of assets
- $290,480
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $502,831
- Salaries, compensation and benefits (total)
- $596,098
- Professional fundraising fees
- $0
- Legal fees
- $10,014
- Accounting fees
- $64,685
- Travel
- $33,002
- Depreciation
- $267,772
- Program services (functional)
- $1,525,515
Balance sheet and other
- Total assets, start of year
- $15,114,944
- Total assets, end of year
- $19,349,148
- Total liabilities, end of year
- $9,475,708
- Net assets, end of year
- $9,873,440
- Land, buildings and equipment
- $9,758,514
- Net assets without donor restrictions
- $9,873,440
- Gross receipts
- $3,499,876
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2001
- 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 | Other / benefits |
|---|---|---|---|---|---|
| Dana Boole | President Trustee or director, Officer | 0.3 | $0 | $705,268 | $49,599 |
| Erin Griffin | Treasurer Trustee or director, Officer | 0.3 | $0 | $343,478 | $57,999 |
| George Baker | Vice President and Secretary Trustee or director, Officer | 0.3 | $270,108 | $0 | $40,763 |
| Robert Landis | Vice President Trustee or director, Officer | 0.3 | $0 | $238,694 | $25,305 |
| Matthew Verboon | Development Finance Manager Highest-paid employee | 40 | $131,234 | $0 | $13,149 |
| Andrea Wolford | Vice President Highest-paid employee | 40 | $114,909 | $0 | $28,968 |
| Margaret Penn | Board Member Trustee or director | 0.3 | $0 | $0 | $0 |
| Robert Nettles | Board Member Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dana Boole | President and Assistant Secretary Trustee or director, Officer | 0.3 | $0 | $711,930 | $49,640 |
| Robert Landis | Assistant Secretary Trustee or director, Officer | 0.3 | $0 | $325,416 | $46,065 |
| Erin Griffin | Secretary and Treasurer Trustee or director, Officer | 0.3 | $0 | $313,130 | $35,858 |
| George Baker | Assistant Secretary Trustee or director, Officer | 0.3 | $0 | $245,290 | $41,660 |
| Matthew Verboon | Development Finance Manager Highest-paid employee | 0.3 | $0 | $115,998 | $11,437 |
| Andrea Wolford | Director, Development Highest-paid employee | 40 | $95,091 | $0 | $19,661 |
| Chris Etheredge | Project Manager Highest-paid employee | 40 | $85,371 | $0 | $17,588 |
| Margaret Penn | Board Member Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7700 FALLS OF NEUSE RD STE 200, RALEIGH, NC 27615-3355
- In care of
- % DANA BOOLE
- Principal officer (990 for 2024)
- Dana Boole, 7700 Falls of Neuse Rd 200, Raleigh, NC 27615
- Signed the 990
- Dana Boole, President
- Phone
- (919) 420-0063
- Return prepared by
- Forvis Mazars LLP
Mission
Acquires, develops, constructs, rehabilitates, preserves, maintains, owns, operates, finances, and otherwise fosters and supports, directly or indirectly, decent, safe, and sanitary housing for low-income persons.
Program accomplishments
- ASSISTS IN LOW INCOME HOUSING/HISTORIC TAX CREDIT PROPERTIES THAT ARE DISTRESSED FOR FINANCIAL/MANAGERIAL REASONS IN WHICH COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION (CAHEC - PARENT COMPANY) SPONSORED EQUITY FUNDS MADE AN INVESTMENT.Expenses $1,525,515 · revenue $3,467,500
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
- 56-2217808
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $19,349,148
- Income (IRS master file)
- $3,499,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,499,876 | $1,525,515 | $19,349,148 | IRS |
| 990 | December 2023 | $2,623,721 | $1,409,005 | $15,114,944 | XML |
| 990 | December 2022 | $2,072,247 | $928,848 | $15,654,222 | 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 56-2217808).
Questions about CAHEC PROPERTIES CORPORATION
- What is the EIN of CAHEC PROPERTIES CORPORATION?
- The employer identification number (EIN) of CAHEC PROPERTIES CORPORATION is 56-2217808.
- Is CAHEC PROPERTIES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to CAHEC PROPERTIES CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CAHEC PROPERTIES CORPORATION 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 CAHEC PROPERTIES CORPORATION 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 CAHEC PROPERTIES CORPORATION 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 CAHEC PROPERTIES CORPORATION?
- The 990 for the year ended December 31, 2024 names Dana Boole.
- Who are the officers and directors of CAHEC PROPERTIES CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization.
- How much revenue does CAHEC PROPERTIES CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,499,876, expenses of $1,525,515 and total assets of $19,349,148 at year end.
Other nonprofits in RALEIGH
- COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION EIN 56-1805915 · last filed 990 for 2025
- CASA EIN 56-1778714 · last filed 990 for 2025
- CAPITOL AREA DEVELOPMENTS INC EIN 58-1888268 · last filed 990 for 2025
- HABITAT FOR HUMANITY OF NORTH CAROLINA INC EIN 27-1296717 · last filed 990 for 2025
- PASSAGE HOME INC EIN 56-1765360 · last filed 990 for 2025
- VETERANS LIFE CENTER EIN 27-1696736 · last filed 990 for 2024
- OAK CITY AFFORDABLE COMMUNITIES INC EIN 87-1056589 · last filed 990 for 2025
- OAK CITY CARES INC EIN 83-0826329 · last filed 990 for 2025
All nonprofits in RALEIGH · North Carolina · Housing and shelter