Cape Fear Community Land Trust Inc

EIN: 306172153 501(c)(3) Housing & Shelter

Wilmington, NC

Total Revenue
$480,433
Total Expenses
$161,313
Total Assets
$752,127
Net Assets
$711,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
Stephen Whitney
Phone
9102180022
Tax Period
2024-07-01 to 2025-06-30

Cape Fear Community Land Trust Inc, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $480K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $319K, a strong 66% operating margin.

Mission

Cape Fear Community Land Trust (CFCLT) exists to sustain vibrant, diverse communities by creating housing opportunities for working families. Our vision is a region filled with vibrant, holistic, and economically diverse communities with no barriers to quality, affordable housing, so that all citizens have a choice of where to live, work, and play.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $403,621
Program Service Revenue $75,948
Investment Income $864
Other Revenue $0
TOTAL REVENUE $480,433

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,976
Fundraising Expenses $11,690
Program Expenses $110,263
Other Expenses $53,337
TOTAL EXPENSES $161,313

Year-over-Year Comparison

2024 2023 Change
Revenue $480,433 $251,937 +0.9%
Expenses $161,313 $126,487 +0.3%
Net Income $319,120 $125,450 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$90,026
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen C Whitney President/Future Treasurer 1.00
Officer Director
$0 $0 $0
Kathy King Vice President 1.00
Officer Director
$0 $0 $0
Roger Gins Treasurer 1.00
Officer Director
$0 $0 $0
Aaron Roberts Secretary 1.00
Officer Director
$0 $0 $0
Al Sharp Director 1.00
Director
$0 $0 $0
Dorian Cromartie Director 1.00
Director
$0 $0 $0
Gwendolyn Flowers Director 1.00
Director
$0 $0 $0
Heather Purdin Director 1.00
Director
$0 $0 $0
Vance Williams Director 1.00
Director
$0 $0 $0
Paul Stavovy Executive Director - Not B 40.00
Officer
$90,026 $0 $90,026
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $480,433 $161,313 $752,127 $319,120
2024 $251,937 $126,487 $437,330 $125,450
2023 $105,762 $87,346 $412,348 $18,416
2022 $130,107 $77,690 $347,357 $52,417
2020 $273,315 $260,064 $368,049 $13,251
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