Self-Help Community Development Corp
- Assets
- $6.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 56-1975829
Organization Overview
Self-Help Community Development Corp is located in Durham, NC. The organization was established in 1996. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Self-Help Community Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Self-Help Community Development Corp generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SELF-HELP COMMUNITY DEVELOPMENT CORPORATIONS MISSION IS TO CREATE AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND DISTRESSED COMMUNITIES. THE PRIMARY ACTIVITIES ARE RENOVATION OR NEW CONSTRUCTION AND SALES OF HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, SELF-HELP COMMUNITY DEVELOPMENT CORPORATION OPERATED AFFORDABLE HOUSING PROGRAMS IN FOUR LOCATIONS WITHIN NORTH CAROLINA: CHAPEL HILL, DURHAM, ROCKY MOUNT, AND CHARLOTTE. SHCDC UNDERTOOK SEVERAL AFFORDABLE HOUSING ACTIVITIES ACROSS THESE GEOGRAPHIES: 1) SHCDC OWNED AND OPERATED AFFORDABLE RENTAL HOUSING IN CHARLOTTES GRIER HEIGHTS NEIGHBORHOOD, LEASING 34 GARDEN APARTMENTS TO LOW-INCOME TENANTS AT THE GRIERTON SQUARE PROJECT. 2) SHCDC ACQUIRED EXISTING OCCUPIED AND VACANT HOMES AND LAND TO UNDERTAKE COMMUNITY-FOCUSED DEVELOPMENT, PRIMARILY MAINTAINING EXISTING OR DEVELOPING NEW AFFORDABLE HOUSING, IN ROCKY MOUNT AND IN CHAPEL HILLS NORTHSIDE NEIGHBORHOOD. SHCDC CONTINUED ITS WORK ON A PORTFOLIO OF 58 RESIDENTIAL PROPERTIES IN ROCKY MOUNT STARTING 4 REHABS AND COMPLETING 5 REHABS OF PROPERTIES FOR AFFORDABLE RENTAL, SELLING 2 VACANT HOMES, AND DEMOLISHING PROPERTIES THAT WERE NOT SALVAGEABLE.***SEE CONTINUE ON NEXT LINE 4B FROM BELOW.***
IN CHAPEL HILL, SHCDC ACQUIRED THREE PROPERTIES, SOLD FIVE PROPERTIES TO NONPROFIT AFFORDABLE HOUSING PARTNERS AND MARKET RATE BUYERS, AND HELD 12 PROPERTIES IN VARIOUS STAGES OF THE DEVELOPMENT PROCESS. 3) IN DURHAM, SELF-HELP CONTINUED TO MANAGE LAND BANKS IN TWO NEIGHBORHOODS AND SOUGHT PARTNERS TO DEVELOP AFFORDABLE HOUSING ON LAND BANKED PROPERTIES. TWO AFFORDABLE HOUSING PARTNER ORGANIZATIONS SECURED OPTIONS ON 11 PROPERTIES IN THE DURHAM LAND BANKS AND ARE UNDERTAKING DEVELOPMENT STUDIES FOR AFFORDABLE MULTI-FAMILY RENTAL AND HOMEOWNERSHIP OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Eakes Director CEO | OfficerTrustee | 1 | $0 |
Tucker Bartlett Directorpresident | OfficerTrustee | 1 | $0 |
Randy Chambers Treasurerdirector | Officer | 1 | $0 |
Emily Yeatts Secretarystaff | Officer | 1 | $0 |
Deborah Momsen-Hudson Directorstaff | Trustee | 1 | $0 |
Al Bonner Directorstaff | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Path Residential Builders Llc Constr Contractor | 12/30/21 | $423,133 |
The Marian Cheek Jackson Center Service Contractor | 12/30/21 | $145,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $425,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $96 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,096 |
| Total Program Service Revenue | $602,029 |
| Investment income | $417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,028,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,350 |
| Advertising and promotion | $0 |
| Office expenses | $207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $472,669 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,076 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,052,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,844,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $72,608 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,076,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,987 |
| Total assets | $6,023,146 |
| Accounts payable and accrued expenses | $17,389 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,541,667 |
| Other liabilities | $0 |
| Total liabilities | $1,559,056 |
| Net assets without donor restrictions | $4,344,090 |
| Net assets with donor restrictions | $120,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,023,146 |
Grants Awarded
Over the last fiscal year, Self-Help Community Development Corp has awarded $54,959 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: Contribution from 50 of sale proceed | $39,959 |
Durham, NC PURPOSE: Support rehabilitation cost | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Self-Help Community Development Corp has recieved totaling $462,500.
| Awarding Organization | Amount |
|---|---|
Center For Community Self-Help Durham, NC PURPOSE: Affordable Housing | $462,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |