Nonprofit · EIN 58-1707107
COMMUNITY REVITALIZATION AND RESERVATION CORPORATION
Tax-exempt · RALEIGH, NC 27602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,964,324 | $13,630,629 | $2,333,695 | $45,016,692 | $38,888,825 | $6,127,867 |
| December 31, 2023 | 990 | $10,285,870 | $12,301,749 | -$2,015,879 | $60,297,416 | $54,071,142 | $6,226,274 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,510,257
- Investment income
- $5,416,225
- Net gain from sales of assets
- $5,061,819
- Other revenue
- $1,037,842
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,334,558
- Salaries, compensation and benefits (total)
- $1,546,822
- Professional fundraising fees
- $0
- Legal fees
- $4,031
- Accounting fees
- $109,718
- Occupancy
- $3,157,415
- Depreciation
- $2,459,185
- Program services (functional)
- $12,365,421
- Management and general (functional)
- $1,265,208
Balance sheet and other
- Total assets, start of year
- $60,297,416
- Total assets, end of year
- $45,016,692
- Total liabilities, end of year
- $38,888,825
- Net assets, end of year
- $6,127,867
- Land, buildings and equipment
- $36,737,257
- Gross receipts
- $39,140,987
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1985
- 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 |
|---|---|---|---|---|---|
| Yolanda Winstead | President Officer | 0.5 | $0 | $243,655 | $41,059 |
| Sharon Lorden | SVP/CFO Officer | 0.5 | $0 | $189,315 | $33,660 |
| Natalie Britt | SVP Officer | 0.5 | $0 | $176,125 | $29,597 |
| William Ward | VP/Treasurer Officer | 0.5 | $0 | $154,527 | $24,564 |
| Atinuke Diver | VP of Resource Development Highest-paid employee | 0.5 | $0 | $140,355 | $25,284 |
| Sheila Porter | Assistant Secretary Highest-paid employee | 0.5 | $0 | $130,973 | $28,037 |
| Kayla Rosenburg | Senior Project Manager Highest-paid employee | 0.5 | $0 | $123,272 | $21,082 |
| Joseph Omozokpea | Senior Project Manager Highest-paid employee | 0.5 | $0 | $106,655 | $20,854 |
| William Jackson | Director of Asset Management Highest-paid employee | 0.5 | $0 | $103,250 | $16,055 |
| Betsy Rozakis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Gordon Grubb | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jordan Maness | Vice Chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Meghan Melloy | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Tyler Craft | Chair Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Yolanda Winstead | President Officer | 0.5 | $0 | $244,426 | $51,012 |
| Sharon Lorden | SVP/CFO Officer | 0.5 | $0 | $189,905 | $41,008 |
| Natalie Britt | SVP Officer | 0.5 | $0 | $176,670 | $36,499 |
| William Ward | VP/Treasurer Officer | 0.5 | $0 | $137,564 | $28,634 |
| Sheila Porter | Assistant Secretary Highest-paid employee | 0.5 | $0 | $131,368 | $33,102 |
| Atinuke Diver | VP of Resource Development Highest-paid employee | 0.5 | $0 | $133,350 | $20,597 |
| Kayla Rosenburg | Senior Project Manager Highest-paid employee | 0.5 | $0 | $118,974 | $24,891 |
| Joseph Omozokpea | Senior Project Manager Highest-paid employee | 0.5 | $0 | $106,473 | $24,759 |
| Skip Jackson | Director Highest-paid employee | 0.5 | $0 | $102,833 | $26,734 |
| Betsy Rozakis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Chico Scott | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Gordon Grubb | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jordan Maness | Vice Chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Tyler Craft | Chair Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2185, RALEIGH, NC 27602-2185
- In care of
- % SHARON LORDEN
- Principal officer (990 for 2024)
- Yolanda Winstead, PO Box 2185, Raleigh, NC 27602
- Signed the 990
- Yolanda Winstead, President
- Phone
- (919) 832-4345
- Return prepared by
- Forvis Mazars LLP
Mission
To build, promote, and preserve affordable housing for low and moderate income persons.
Program accomplishments
- The corporation builds, promotes, and preserves affordable housing for low and moderate income persons.Expenses $12,365,421 · revenue $15,609,918
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
- 58-1707107
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,016,692
- Income (IRS master file)
- $39,140,987
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,964,324 | $13,630,629 | $45,016,692 | IRS |
| 990 | December 2023 | $10,285,870 | $12,301,749 | $60,297,416 | XML |
| 990 | December 2022 | $9,772,428 | $8,939,945 | $49,451,333 | 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 58-1707107).
Questions about COMMUNITY REVITALIZATION AND RESERVATION CORPORATION
- What is the EIN of COMMUNITY REVITALIZATION AND RESERVATION CORPORATION?
- The employer identification number (EIN) of COMMUNITY REVITALIZATION AND RESERVATION CORPORATION is 58-1707107.
- Is COMMUNITY REVITALIZATION AND RESERVATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to COMMUNITY REVITALIZATION AND RESERVATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY REVITALIZATION AND RESERVATION 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 COMMUNITY REVITALIZATION AND RESERVATION 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 COMMUNITY REVITALIZATION AND RESERVATION 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 COMMUNITY REVITALIZATION AND RESERVATION CORPORATION?
- The 990 for the year ended December 31, 2024 names Yolanda Winstead.
- Who are the officers and directors of COMMUNITY REVITALIZATION AND RESERVATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY REVITALIZATION AND RESERVATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,964,324, expenses of $13,630,629 and total assets of $45,016,692 at year end.
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