Cahec Management Inc
- Assets
- $10.6m
- Revenue
- $32.4m
- Investments
- $0.0
- Employees
- 641
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2023
- EIN
- 84-3628117
Organization Overview
Cahec Management Inc is located in Raleigh, NC. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Cahec Management Inc employed 641 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cahec Management Inc 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 12/2023, Cahec Management Inc generated $32.4m in total revenue. All expenses for the organization totaled $31.4m during the year ending 12/2023. While expenses have increased by 101.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVES AS PROPERTY MANAGEMENT COMPANY FOR LOW-INCOME HOUSING PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERS AND SUPPORTS DECENT, SAFE, AND SANITARY HOUSING FOR LOW-INCOME PERSONS VIA PROPERTY MANAGEMENT OF LOW INCOME COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 40 | $332,334 |
Name Not Listed Manager Of Finance And Accounting | Trustee | 40 | $195,164 |
Name Not Listed VP Compliance | Trustee | 40 | $151,299 |
Name Not Listed Vice President | Trustee | 0.3 | $0 |
Name Not Listed VP Property Manager | Trustee | 40 | $154,420 |
Name Not Listed Vice President, Operations | Trustee | 40 | $166,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist Bank Credit Card Services | 12/30/23 | $1,014,035 |
Carolina Business Equipment It Solutions | 12/30/23 | $503,395 |
Veriscreen Credit Reports | 12/30/23 | $256,692 |
Ringcentral Phone Systems | 12/30/23 | $169,858 |
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 | $32,417,857 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,418,235 |
| 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. | $1,167,668 |
| Compensation of current officers, directors, key employees. | $175,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,150,807 |
| Pension plan accruals and contributions | $460,132 |
| Other employee benefits | $698,116 |
| Payroll taxes | $442,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,549 |
| Fees for services: Accounting | $60,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $811,934 |
| Advertising and promotion | $6,130 |
| Office expenses | $581,405 |
| Information technology | $105,127 |
| Royalties | $0 |
| Occupancy | $124,040 |
| Travel | $238,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,312 |
| Interest | $303,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $874,391 |
| Insurance | $213,166 |
| All other expenses | $54,912 |
| Total functional expenses | $31,370,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,004,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,528,060 |
| 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 | $214,713 |
| Net Land, buildings, and equipment | $517,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,881,470 |
| Other assets | $449,101 |
| Total assets | $10,595,361 |
| Accounts payable and accrued expenses | $1,696,913 |
| 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 | $3,233,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $450,380 |
| Total liabilities | $5,381,201 |
| Net assets without donor restrictions | $5,214,160 |
| 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 | $10,595,361 |