North Carolina Association of CED Inc

EIN: 581871946 501(c)(3)

Rocky Mount, NC

Total Revenue
$183,611
Total Expenses
$239,136
Total Assets
$288,079
Net Assets
$283,481
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Joyce Dickens
Phone
2524434659
Tax Period
2025-01-01 to 2025-12-31

North Carolina Association of CED Inc, founded in 1989, is a small nonprofit that reported $184K in total revenue in fiscal year 2025. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 30% operating deficit.

Mission

Strengthening NC economy and creating a better tomorrow for all North Carolinians by advancing innovative, community-based economic development strategies that improve the quality of life where NC residents live, work and play.

Program Service Accomplishments

Program 1
Expenses: $186,496

Since its inception, NCACED has been working to strengthen communities and increase economic opportunities. In a historically distressed community experiencing significant economic recovery and...

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Since its inception, NCACED has been working to strengthen communities and increase economic opportunities. In a historically distressed community experiencing significant economic recovery and transformation, NCACED is focused on a comprehensive strategy that encompasses place-based improvements to racially segregated disinvested neighborhoods and approaches to improve health outcomes for those who experience the greatest health disparities. As the region works to generate positive economic impact, NCACED has structured a community-driven model capable of replication elsewhere to guide one citys transformation in equitable development directions. NCACED supports the notion that those most impacted by the problems confronting our communities must be at the center of change efforts. NCACEDs model provides resident-level education and leadership development services, with the goal of expanding individual capacities and enhancing community

Program 2

A meeting occurred between low-income neighborhood residents and Rocky Mount officials which NCACDC facilitated, and during which the residents shared their recommendations to expand opportunities...

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A meeting occurred between low-income neighborhood residents and Rocky Mount officials which NCACDC facilitated, and during which the residents shared their recommendations to expand opportunities for affordable housing development in the City. The community-generated recommendations featured a suggestion to develop cottage court housing. The City took the following action in 2025. The Rocky Mount City Council considered a Land Development Code Amendment to allow pocket neighborhoods (also known as cottage court ordnance). Based upon their history of engagement and participation, and with NCACDCs efforts to enlarge self-directed and direct participation opportunities for them, low-income Rocky Mount stakeholders who reside in the Citys segregated and disinvested neighborhoods are building an informed base of leaders with capacity to advocate on behalf of their needs and interests when the Citys comprehensive planning process resumes.

Program 3

Rocky Mount, NC straddles Nash & Edgecombe counties. According to the 2023 County Health Rankings, Edgecombe County ranked 99th out of 100 NC counties regarding health outcomes. On the Edgecombe...

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Rocky Mount, NC straddles Nash & Edgecombe counties. According to the 2023 County Health Rankings, Edgecombe County ranked 99th out of 100 NC counties regarding health outcomes. On the Edgecombe County side of the City, decades of racial discrimination and current policies that fuel our exclusionary housing market, have resulted in racial patterns of development that lock Blacks into inferior neighborhoods, especially negatively impacting residents health and wellbeing. NCACDC aims to attack a root cause of local health challenges with a focus on residential segregation, including a significant shortage of affordable housing in Rocky Mount. NCACDC has sought to increase Black resident voices at decision-making tables. Our goal is to enlarge self-directed and direct participation opportunities for Black residents to act as leaders who push for real change that produces improvements to their neighborhoods & health. NCACDC works to strengthen the number and skills of residents impacted by housing and health disparities through outreach, contact and coordination of training, education, leadership development and power building sessions for these residents.

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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 (2025)

Revenue Breakdown

Contributions & Grants $183,611
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $183,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,036
Fundraising Expenses $0
Program Expenses $186,496
Other Expenses $65,100
TOTAL EXPENSES $239,136

Year-over-Year Comparison

2025 2024 Change
Revenue $183,611 $281,906 -0.3%
Expenses $239,136 $262,058 -0.1%
Net Income $-55,525 $19,848 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
2
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
$68,004
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Perry-Cole President 40.00
Officer
$61,914 $6,090 $68,004
Joyce Dickens Board Chair 0.50
Officer Director
$0 $0 $0
Lenwood Long Treasurer 0.25
Officer Director
$0 $0 $0
Mavis Hill Director 0.25
Director
$0 $0 $0
Cathy Alston-Kearney Director 0.25
Director
$0 $0 $0
John Barnes Director 0.25
Director
$0 $0 $0
Arlene Lawson Director 0.25
Director
$0 $0 $0
Stephanie Swepson-Twitty Director 0.25
Director
$0 $0 $0
Sharon Bey-Christopher Director 0.25
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 $183,611 $239,136 $288,079 $-55,525
2024 $281,906 $262,058 $462,131 $19,848
2023 $432,628 $344,336 $567,421 $88,292
2022 $352,952 $297,436 $407,206 $55,516
2021 $320,744 $237,354 $253,326 $83,390
2020 $207,011 $206,222 $232,298 $789
2019 $259,279 $208,501 $109,089 $50,778
2018 $170,246 $151,088 $227,208 $19,158
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