RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SE RALEIGH PROMISE INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $772K, a strong 47% operating margin.
SOUTHEAST RALEIGH PROMISE IS A LOCAL NONPROFIT WHOSE MISSION IS TO SERVE ALONGSIDE NEIGHBORS, STRATEGIC PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE, AND PROSPER. TO ADVANCE THIS MISSION, SOUTHEAST RALEIGH PROMISE SERVES AS A COMMUNITY QUARTERBACK LEADING RALEIGH/WAKE COUNTY'S FIRST PURPOSE BUILT COMMUNITIES MODEL, A NATIONAL PLACE-BASED INITIATIVE FOCUSED ON 4 KEY PILLARS: ECONOMIC VITALITY, MIXED-INCOME HOUSING, CRADLE TO CAREER EDUCATION, AND HEALTH AND COMMUNITY WELLNESS.
IN 2023, SOUTHEAST RALEIGH PROMISE ACTIVITIES INCLUDED ADVANCING THE DEVELOPMENT OF 27 AFFORDABLE RENTAL UNITS ON 10 CITY-OWNED PARCELS LOCATED IN SOUTHEAST RALEIGH AND LEVERAGING RESOURCES AND...
IN 2023, SOUTHEAST RALEIGH PROMISE ACTIVITIES INCLUDED ADVANCING THE DEVELOPMENT OF 27 AFFORDABLE RENTAL UNITS ON 10 CITY-OWNED PARCELS LOCATED IN SOUTHEAST RALEIGH AND LEVERAGING RESOURCES AND PARTNERSHIPS TO PRESERVE WEALTH THROUGH HOMEOWNERSHIP OF LEGACY RESIDENTS WITHIN THE PROMISE ZONE. SE RALEIGH PROMISE ALSO PROVIDED ONGOING LEADERSHIP AND SUPPORT OF ITS FIRST PURPOSE BUILT COMMUNITIES COLLABORATION: THE BEACON SITE, IS A 32- ACRE CAMPUS HOME TO THE SER YMCA, SER ELEMENTARY SCHOOL, BEACON RIDGE APARTMENTS, AND BEACON POINT, CURRENTLY UNDER CONSTRUCTION. ACTIVITIES INCLUDED PARTNERING TO SUPPORT CLUB ROAR AN AFTER-SCHOOL STEAM ENRICHMENT PROGRAM OFFERED TO 80+ SOUTHEAST RALEIGH ELEMENTARY STUDENTS; PROVIDED SERVICE COORDINATION TO CONNECT 120 BEACON RIDGE HOUSEHOLDS TO SERVICES, RESOURCES, PROGRAMS AND OPPORTUNITIES FOCUSED ON IMPROVING OUTCOMES ACROSS THE FOUR PILLARS; PARTNERED WITH THE SER YMCA TO SUPPORT AND PROMOTE COMMUNITY-WIDE HEALTH EVENTS, RACIAL AND CULTURAL AWARENESS, AND SOCIAL AND EMOTIONAL WELL-BEING AND LEARNING; SUPPORTING THE SUCCESSFUL LEASE-UP BEACON POINT, THE FINAL PHASE OF DEVELOPMENT AT THE BEACON SITE. SER RALEIGH PROMISE ALSO CREATED EMPLOYMENT OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE STUDENTS; CREATED OPPORTUNITIES FOR HISTORICALLY UNDERUTILIZED BUSINESS, ENGAGED DEEPLY WITH THE COMMUNITY, LED CRITICAL CONVERSATIONS, AND LEVERAGED PARTNERSHIPS TO SPUR GREATER INVESTMENT IN SOUTHEAST RALEIGH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,636,950 | $897,754 | +0.8% |
| Expenses | $864,907 | $828,654 | +0.0% |
| Net Income | $772,043 | $69,100 | +10.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| YVETTE HOLMES | CEO | 50.00 |
Officer
|
$156,000 | $10,305 | $166,305 |
| ASA FLEMING | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN YOUNG | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON MILLS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CRAWFORD CRENSHAW | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIA BAILEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS BRADSHAW JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EVAN COVINGTON CHAVEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SONDRA COLLINS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY CROWDER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BARRY MALONE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CATTY MOORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIA SPAULDING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ASTRID TAYLOR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,636,950 | $864,907 | $1,589,731 | $772,043 |
| 2022 | $897,754 | $828,654 | $778,091 | $69,100 |
| 2021 | $702,375 | $585,209 | $1,008,964 | $117,166 |
| 2020 | $409,713 | $475,342 | $1,024,091 | $-65,629 |
| 2019 | $2,645,699 | $2,162,704 | $510,194 | $482,995 |
Compare SE RALEIGH PROMISE INC with other nonprofits in North Carolina and across the country.