NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE INC

EIN: 561845590 501(c)(3)

DURHAM, NC

Total Revenue
$257,686
Total Expenses
$611,468
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NC
Principal Officer
KEVIN J PRICE
Phone
9199562313
Tax Period
2020-01-01 to 2020-12-31

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE INC, founded in 1993, is a small nonprofit that reported $258K in total revenue in fiscal year 2020. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $611K exceeded revenue, resulting in a 137% operating deficit.

Mission

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE IS A STATEWIDE PUBLIC- PRIVATE PARTNERSHIP THAT PROVIDES LEADERSHIP AND CAPITAL INVESTMENT TO HIGH-PERFORMANCE COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) AS WELL AS OTHER COMMINITY BASED ECONOMIC DEVELOPMENT ENDEAVORS, (I.E. SOCIAL ENTERPRISES) TO IMPROVE THE WELL BEING AND QUALITY OF LIFE FOR PEOPLE IN LOW RESOURCE COMMUNITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $103,113
Program Service Revenue $0
Investment Income $105
Other Revenue $154,468
TOTAL REVENUE $257,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,277
Fundraising Expenses $0
Program Expenses $27,376
Other Expenses $292,191
TOTAL EXPENSES $611,468

Year-over-Year Comparison

2020 2019 Change
Revenue $257,686 $2,496,899 -0.9%
Expenses $611,468 $3,264,545 -0.8%
Net Income $-353,782 $-767,646 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
5
Volunteers
N/A

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
3
$300,740
Total Directors
12
$25,466
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA POOLE CFO 20.00
Officer
$82,857 $18,240 $142,205
KEVIN J PRICE PRESIDENT/CE 5.00
Officer
$0 $7,600 $133,069
TARA C KENCHEN FORMER PRESI 20.00
Officer Director
$20,392 $5,074 $25,466
NIKITRA S BAILEY BOARD MEMBER 1.00
Director
$0 $0 $0
TED EDWARDS BOARD MEMBER 1.00
Director
$0 $0 $0
NATION HAHN BOARD MEMBER 1.00
Director
$0 $0 $0
KARLA HAYNES BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON JEFFRIES-JONES TREASURER 1.00
Director
$0 $0 $0
JOANNA LECLAIR SECRETARY 1.00
Director
$0 $0 $0
LOUISE MACK BOARD MEMBER 1.00
Director
$0 $0 $0
TYLER MULLIGAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SPEED CHAIRMAN 1.00
Director
$0 $0 $0
JEANNE TEDROW BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM WILSON VICE CHAIRMA 1.00
Director
$0 $0 $0
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
2020 $257,686 $611,468 No data $-353,782
2019 $2,496,899 $3,264,545 $7,907,331 $-767,646
2018 $3,883,823 $1,702,304 $11,205,849 $2,181,519
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