Carolina Community Development Corporation
- Assets
- $698.3k
- Revenue
- $12.6k
- Investments
- $662.3k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 58-1984759
Organization Overview
Carolina Community Development Corporation is located in Raleigh, NC. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Carolina Community Development Corporation 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 12/2022, Carolina Community Development Corporation generated $12.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $41.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Carolina Community Development Corporation has awarded 28 individual grants totaling $144,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth D Dickinson Chairman | 0 | $0 | |
Thomas B Hines Vice Preside | 0 | $0 | |
Thomas C Worth Jr Secretary | 0 | $0 | |
James T Fain Director | 0 | $0 | |
Thomas L Fonville Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $223 |
| Dividends & Interest | $11,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $626 |
| Capital Gain Net Income | $626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $232 |
| Total Revenue | $12,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,869 |
| Contributions, gifts, grants paid | $35,500 |
| Total expenses and disbursements | $41,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,923 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $698,250 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carolina Community Development Corporation has awarded $35,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE EDUCATION PARTNERSHIP PURPOSE: READING PROGRAM AT-RISK YOUTH | $2,000 |
RALEIGH YMCA PURPOSE: TUTORING/ACTIVITY FOR AT-RISK YOUTH | $12,500 |
UNC - CH SCHOOL OF SOCIAL WORK PURPOSE: FACILITIES/THE FARM/MILITARY VETS | $12,500 |
FOUNDATION FOR GOOD BUSINESS PURPOSE: SCHOLARSHIP AT-RISK YOUTH | $2,000 |
STEP UP MINISTRY PURPOSE: CONTRIBUTION | $2,000 |
CAMP CORRAL PURPOSE: FAMILY TRANSPORTATION | $2,500 |