Central Carolina Strategic Developers
- Assets
- $694.1k
- Revenue
- $20.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sanford, NC
- Founding
- Data as of
- 12/2022
- EIN
- 82-1730962
Organization Overview
Central Carolina Strategic Developers is located in Sanford, NC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Carolina Strategic Developers 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, Central Carolina Strategic Developers generated $20.0 in total revenue. All expenses for the organization totaled $27.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS). THE CORPORATION IS ALSO A CHARITABLE CORPORATION AS DEFINED IN NCGS SSA-1-40(4). SPECIFICALLY, THE CORPORATION IS ESTABLISHED AS ASUPPORTING ORGANIZATION WHOSE EXCLUSIVE PURPOSE IS TO SUPPORT AND CARRY OUT THE PURPOSE OF THE SANFORD HOUSING AUTHORITY IN PROVIDING AFFORDABLE HOUSING TO LOW-INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCORPORATION IN 2017, CCSD IS NOW THE CO-MANAGER FOR MATTHEWS GARDEN GILMORE, LLC, AND RESPONSIBLE FOR THE REHABILITATION, DAY TO DAY OPERATIONS AND MANAGEMENT OF 176 AFFORDABLE HOUSING UNITS. THE ACTUAL DAY TO DAY OPERATIONS AND MANAGEMENT OF THE UNITS IS PROVIDED BY THE SANFORD HOUSING AUTHORITY. IN ADDITION TO PROVIDING AFFORDABLE HOUSING, CCSD STRIVES TO PROMOTE SERVICES TO ENABLE AND EQUIP ITS RESIDENTS WITH THE TOOLS NEEDED FOR ECONOMIC SELF-SUFFICIENCY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Judd CEO | 1 | $0 | |
Marcus Goodson CEO | Officer | 1 | $0 |
Latrice Mcrae CFO | 1 | $0 | |
Dr Karen Wicker Director | Trustee | 0.15 | $0 |
Hope White Board Chair | OfficerTrustee | 0.15 | $0 |
Carolyn Gilcrest Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20 |
| Investment income | $0 |
| 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 | $20 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $586,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $694,072 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $694,072 |
| Net assets with donor restrictions | $0 |
| 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 | $694,072 |