Community Revitalization & Preservation Corporation

EIN: 581707107 501(c)(3)

Raleigh, NC

Total Revenue
$10,285,870
Total Expenses
$12,301,749
Total Assets
$60,297,416
Net Assets
$6,226,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Phone
9198324345
Tax Period
2023-01-01 to 2023-12-31

Community Revitalization & Preservation Corporation, founded in 1985, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2023. Expenses of $12.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

To build, promote, and preserve affordable housing for low and moderate income persons.

Program Service Accomplishments

Program 1
Expenses: $10,089,187 Revenue: $9,954,278

The corporation builds, promotes, and preserves affordable housing for low and moderate income persons.

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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 $0
Program Service Revenue $9,605,498
Investment Income $397,340
Other Revenue $283,032
TOTAL REVENUE $10,285,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,514,643
Fundraising Expenses $0
Program Expenses $10,089,187
Other Expenses $10,787,106
TOTAL EXPENSES $12,301,749

Year-over-Year Comparison

2023 2022 Change
Revenue $10,285,870 $9,772,428 +0.1%
Expenses $12,301,749 $8,939,945 +0.4%
Net Income $-2,015,879 $832,483 -3.4%
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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Governance

Voting Members
5
Independent Members
5
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
4
$905,718
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Vice Chair 0.5
Director
$0 $0 $0
N/A Chair 0.5
Director
$0 $0 $0
N/A SVP 0.5
Officer
$0 $36,499 $213,169
N/A SVP/CFO 0.5
Officer
$0 $41,008 $230,913
N/A VP/Treasurer 0.5
Officer
$0 $28,634 $166,198
N/A President 0.5
Officer
$0 $51,012 $295,438
N/A VP of Resource Development 0.5
Highest
$0 $20,597 $153,947
N/A Senior Project Manager 0.5
Highest
$0 $24,759 $131,232
N/A Senior Project Manager 0.5
Highest
$0 $24,891 $143,865
N/A Assistant Secretary 0.5
Highest
$0 $33,102 $164,470
N/A Director 0.5
Highest
$0 $26,734 $129,567
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 $10,285,870 $12,301,749 $60,297,416 $-2,015,879
2022 $9,772,428 $8,939,945 $49,451,333 $832,483
2021 $6,127,827 $7,328,138 $42,174,048 $-1,200,311
2020 $5,874,660 $6,455,735 $37,719,736 $-581,075
2019 $5,667,063 $7,115,355 $33,702,116 $-1,448,292
2018 $6,447,249 $6,823,471 $33,776,046 $-376,222
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