SOUTHEAST RALEIGH COMMUNITY DEVELOPMENT CORPORATION

EIN: 562049991 501(c)(3) Community Improvement

RALEIGH, NC

Total Revenue
$21,505
Total Expenses
$52,332
Total Assets
$1,156,550
Net Assets
$-30,446
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer
PATTYE L BROWN
Phone
9192153314
Tax Period
2024-01-01 to 2024-12-31

SOUTHEAST RALEIGH COMMUNITY DEVELOPMENT CORPORATION is a micro nonprofit in the Community Improvement sector that reported $22K in total revenue in fiscal year 2024. Expenses of $52K exceeded revenue, resulting in a 143% operating deficit.

Mission

COMBATTING COMMUNITY DETERIORATION, ENCOURAGE AREA REDEVELOPMENT AND RENEWAL FOR LOW INCOME FAMILIES

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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 $0
Program Service Revenue $2,235
Investment Income $0
Other Revenue $19,270
TOTAL REVENUE $21,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,208
Program Expenses $52,452
Other Expenses $52,132
TOTAL EXPENSES $52,332

Year-over-Year Comparison

2024 2023 Change
Revenue $21,505 N/A N/A
Expenses $52,332 N/A N/A
Net Income $-30,827 N/A N/A
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
11
Independent Members
10
Employees
N/A
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
11
$27,000
Total Directors
11
$27,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTYE L BROWN CHAIR 3
Officer Director
$27,000 $0 $27,000
ANTIONE MARSHA VICE CHAIR 3
Officer Director
$0 $0 $0
CAROLE JACKSON SECRETARY 3
Officer Director
$0 $0 $0
STEVEN LYONS ASSISTANT SECR 3
Officer Director
$0 $0 $0
CRAIG REED TREASURER 3
Officer Director
$0 $0 $0
JAMES H REVIS DIRECTOR 3
Officer Director
$0 $0 $0
CHICO SCOTT DIRECTOR 3
Officer Director
$0 $0 $0
EVELYN SULLIVA DIRECTOR 3
Officer Director
$0 $0 $0
YUMEIKA THOMPS DIRECTOR 3
Officer Director
$0 $0 $0
CHANDRA M GRAN DIRECTOR 3
Officer Director
$0 $0 $0
BRENDA WASHING DIRECTOR 3
Officer 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
2025 No data No data No data No data
2024 $21,505 $52,332 $1,156,550 $-30,827
2024 No data No data No data No data
2023 $48,147 $53,858 $1,210,726 $-5,711
2022 $523,865 $557,579 $469,246 $-33,714
2021 $1,712,609 $1,600,673 $517,896 $111,936
2021 $878,699 $102,026 $1,599,964 $776,673
2020 $514,951 $501,499 $373,382 $13,452
2019 $1,212,108 $1,216,951 $627,020 $-4,843
2018 $234,583 $314,432 $625,416 $-79,849
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