CREST STREET COMMUNITY ELDERLY HOUSING CORPORATION

EIN: 581528903

DURHAM, NC

Total Revenue
$426,286
Total Expenses
$411,021
Total Assets
$1,007,686
Net Assets
$-300,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NC
Principal Officer
RONALD ODOM
Phone
4076444500
Tax Period
2023-01-01 to 2023-12-31

CREST STREET COMMUNITY ELDERLY HOUSING CORPORATION, founded in 1983, is a small nonprofit that reported $426K in total revenue in fiscal year 2023. Expenses of $411K left a modest 4% surplus.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 45 UNIT APARTMENT COMMUNITY IN DURHAM, NORTH CAROLINA, KNOWN AS NEW BETHEL HOMES FOR THE ELDERLY. IT OPERATES UNDER SECTION 207, PUSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1959 AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY. A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD PROVIDES RENT ASSISTANCE FOR LOW INCOME HOUSING 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 (2023)

Revenue Breakdown

Contributions & Grants $273,958
Program Service Revenue $151,648
Investment Income $176
Other Revenue $504
TOTAL REVENUE $426,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $388,537
Other Expenses $411,021
TOTAL EXPENSES $411,021

Year-over-Year Comparison

2023 2022 Change
Revenue $426,286 $418,748 +0.0%
Expenses $411,021 $425,633 0.0%
Net Income $15,265 $-6,885 -3.2%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY UMSTEAD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KARL BRODIE MEMBER 0.50
Director
$0 $0 $0
BARBARA BRIGHT MEMBER 0.50
Director
$0 $0 $0
JOSEPH TORIAN TREASURER 0.50
Officer Director
$0 $0 $0
RETA SCARETT SECRETARY 0.50
Officer Director
$0 $0 $0
RONALD W ODOM PRESIDENT 0.50
Officer Director
$0 $0 $0
DONZELL PATTERSON MEMBER 0.50
Director
$0 $0 $0
CHELSIE EDWARDS MEMBER 0.50
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
2024 No data No data No data No data
2023 $426,286 $411,021 $1,007,686 $15,265
2022 $418,748 $425,633 $1,021,094 $-6,885
2021 $406,547 $411,845 $1,067,996 $-5,298
2020 $406,383 $390,704 $1,102,235 $15,679
2019 $394,210 $369,214 $1,122,102 $24,996
2018 $379,127 $379,988 $1,136,919 $-861
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