Nonprofit · EIN 58-1871946
NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC
Tax-exempt · ROCKY MOUNT, NC 27801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $183,611 | $239,136 | -$55,525 | $288,079 | $4,598 | $283,481 |
| December 31, 2024 | 990 | $281,906 | $262,058 | $19,848 | $462,131 | $123,125 | $339,006 |
| December 31, 2023 | 990 | $432,628 | $344,336 | $88,292 | $567,421 | $248,263 | $319,158 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $183,611
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,200
- Salaries, compensation and benefits (total)
- $174,036
- Professional fundraising fees
- $0
- Accounting fees
- $21,343
- Occupancy
- $9,756
- Travel
- $4,792
- Depreciation
- $1,493
- Program services (functional)
- $186,496
- Management and general (functional)
- $52,640
Balance sheet and other
- Total assets, start of year
- $462,131
- Total assets, end of year
- $288,079
- Total liabilities, end of year
- $4,598
- Net assets, end of year
- $283,481
- Net assets without donor restrictions
- $283,481
- Gross receipts
- $183,611
- Employees
- 2
- Year formed
- 1989
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Perry-Cole | President Officer | 40 | $61,914 | $6,090 |
| Joyce Dickens | Board Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Lenwood Long | Treasurer Trustee or director, Officer | 0.25 | $0 | $0 |
| Mavis Hill | Director Trustee or director | 0.25 | $0 | $0 |
| Cathy Alston-Kearney | Director Trustee or director | 0.25 | $0 | $0 |
| John Barnes | Director Trustee or director | 0.25 | $0 | $0 |
| Arlene Lawson | Director Trustee or director | 0.25 | $0 | $0 |
| Stephanie Swepson-Twitty | Director Trustee or director | 0.25 | $0 | $0 |
| Sharon Bey-Christopher | Director Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Perry-Cole | President Officer | 40 | $61,700 | $6,090 |
| Mavis Hill | Director Trustee or director | 0.25 | $0 | $0 |
| Cathy Alston-Kearney | Director Trustee or director | 0.25 | $0 | $0 |
| John Barnes | Director Trustee or director | 0.25 | $0 | $0 |
| Arlene Lawson | Director Trustee or director | 0.25 | $0 | $0 |
| Stephanie Swepson-Twitty | Director Trustee or director | 0.25 | $0 | $0 |
| Carl Manning | Director Trustee or director | 0.25 | $0 | $0 |
| Sharon Bey-Christopher | Director Trustee or director | 0.25 | $0 | $0 |
| Joyce Dickens | Board Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Lenwood Long | Treasurer Trustee or director, Officer | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Perry-Cole | President Officer | 40 | $60,200 | $6,090 |
| Stephanie Swepson-Twitty | Director Trustee or director | 0.25 | $0 | $0 |
| Arlene Lawson | Director Trustee or director | 0.25 | $0 | $0 |
| Sharon Bey-Christopher | Director Trustee or director | 0.25 | $0 | $0 |
| Carl Manning | Director Trustee or director | 0.25 | $0 | $0 |
| John Barnes | Director Trustee or director | 0.25 | $0 | $0 |
| Mavis Hill | Director Trustee or director | 0.25 | $0 | $0 |
| Cathy Alston-Kearney | Director Trustee or director | 0.25 | $0 | $0 |
| Joyce Dickens | Board Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Lenwood Long | Treasurer Trustee or director, Officer | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 148 S WASHINGTON ST STE 105, ROCKY MOUNT, NC 27801-5594
- In care of
- % SUSAN PERRY-COLE
- Principal officer (990 for 2025)
- Joyce Dickens, 148 S Washington Street Ste 105, Rocky Mount, NC 27801
- Signed the 990
- SUSAN PERRY-COLE, President
- Phone
- (252) 443-4659
- Website
- www.ncacdc.org
- Return prepared by
- Vivian Wan CPA PA
Mission
Strengthening NC economy and creating a better tomorrow for all North Carolinians by advancing innovative, community-based economic development strategies that improve the quality of life where NC residents live, work and play.
Program accomplishments
- Since its inception, NCACED has been working to strengthen communities and increase economic opportunities. In a historically distressed community experiencing significant economic recovery and transformation, NCACED is focused on a comprehensive strategy that encompasses place-based improvements to racially segregated disinvested neighborhoods and approaches to improve health outcomes for those who experience the greatest health disparities. As the region works to generate positive economic impact, NCACED has structured a community-driven model capable of replication elsewhere to guide one citys transformation in equitable development directions. NCACED supports the notion that those most impacted by the problems confronting our communities must be at the center of change efforts. NCACEDs model provides resident-level education and leadership development services, with the goal of expanding individual capacities and enhancing communityExpenses $186,496
- A meeting occurred between low-income neighborhood residents and Rocky Mount officials which NCACDC facilitated, and during which the residents shared their recommendations to expand opportunities for affordable housing development in the City. The community-generated recommendations featured a suggestion to develop cottage court housing. The City took the following action in 2025. The Rocky Mount City Council considered a Land Development Code Amendment to allow pocket neighborhoods (also known as cottage court ordnance). Based upon their history of engagement and participation, and with NCACDCs efforts to enlarge self-directed and direct participation opportunities for them, low-income Rocky Mount stakeholders who reside in the Citys segregated and disinvested neighborhoods are building an informed base of leaders with capacity to advocate on behalf of their needs and interests when the Citys comprehensive planning process resumes.
- Rocky Mount, NC straddles Nash & Edgecombe counties. According to the 2023 County Health Rankings, Edgecombe County ranked 99th out of 100 NC counties regarding health outcomes. On the Edgecombe County side of the City, decades of racial discrimination and current policies that fuel our exclusionary housing market, have resulted in racial patterns of development that lock Blacks into inferior neighborhoods, especially negatively impacting residents health and wellbeing. NCACDC aims to attack a root cause of local health challenges with a focus on residential segregation, including a significant shortage of affordable housing in Rocky Mount. NCACDC has sought to increase Black resident voices at decision-making tables. Our goal is to enlarge self-directed and direct participation opportunities for Black residents to act as leaders who push for real change that produces improvements to their neighborhoods & health. NCACDC works to strengthen the number and skills of residents impacted by housing and health disparities through outreach, contact and coordination of training, education, leadership development and power building sessions for these residents.
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 | 990 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
- 58-1871946
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $288,079
- Income (IRS master file)
- $183,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $183,611 | $239,136 | $288,079 | XML |
| 990 | December 2024 | $281,906 | $262,058 | $462,131 | XML |
| 990 | December 2023 | $432,628 | $344,336 | $567,421 | XML |
| 990 | December 2022 | $352,952 | $297,436 | $407,206 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 58-1871946).
Questions about NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC
- What is the EIN of NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC is 58-1871946.
- Is NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT 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 NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 names Joyce Dickens.
- Who are the officers and directors of NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $61,914 (Susan Perry-Cole, President).
- How much revenue does NORTH CAROLINA ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $183,611, expenses of $239,136 and total assets of $288,079 at year end.
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