MONROE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISE INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $340K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $386K exceeded revenue, resulting in a 13% operating deficit.
THE CORPORATION IS ESTABLISHED FOR THE CHARITABLE PURPOSE OF DEVELOPING, SPONSORING, CREATING, OWNING, FINANCING, BUILDING, MAINTAINING AND GENERALLY PROVIDING HOUSING FOR INDIVIDUALS OR FAMILIES WITH LOW OR MODERATE INCOMES.
THE ENTITY PROVIDES LOW INCOME AND AFFORDABLE HOUSING TO THE COMMUNITY THROUGH THE RENTAL ASSISTANCE DEMONSTRATION (RAD) PROGRAM, WHICH ALLOWS PUBLIC HOUSING AUTHORITIES THE MEANS TO IMPROVE LEGACY...
THE ENTITY PROVIDES LOW INCOME AND AFFORDABLE HOUSING TO THE COMMUNITY THROUGH THE RENTAL ASSISTANCE DEMONSTRATION (RAD) PROGRAM, WHICH ALLOWS PUBLIC HOUSING AUTHORITIES THE MEANS TO IMPROVE LEGACY HUD PROPERTIES WHICH ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $339,817 | $300,572 | +0.1% |
| Expenses | $385,651 | $257,132 | +0.5% |
| Net Income | $-45,834 | $43,440 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANNA MCRAE | CHIEF EXECUTIVE OFFICER/DE | 1.00 |
Officer
Director
|
$0 | $0 | $80,298 |
| DONYELLE COALSON | CHIEF FINANCIAL OFFICER/SE | 1.00 |
Officer
Director
|
$0 | $0 | $15,523 |
| HILDA JONES | TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| FANNIE YOUNG | CHAIRMAN | 0.00 |
Director
|
$0 | $0 | $0 |
| JAMES MUNGO | COMMISSIONER | 0.00 |
Director
|
$0 | $0 | $0 |
| JAMES VINSON | COMMISSIONER | 0.00 |
Director
|
$0 | $0 | $0 |
| MONIQUE HOLT | COMMISSIONER | 0.00 |
Director
|
$0 | $0 | $0 |
| BENITA SANDERS | COMMISSIONER | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $339,817 | $385,651 | $3,721,966 | $-45,834 |
| 2022 | $300,572 | $257,132 | $3,732,573 | $43,440 |
| 2021 | $52,519 | $46,002 | $3,556,239 | $6,517 |
Compare COMMUNITY ADVANCEMENT AND REDEVELOPMENT ENTERPRISE INC with other nonprofits in North Carolina and across the country.