LEGACY IMPACT CAPITAL

EIN: 842874953 501(c)(3) Housing & Shelter

RALEIGH, NC

Total Revenue
$665,940
Total Expenses
$719,321
Total Assets
$2,864,760
Net Assets
$1,324,339
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
RAYMOND H SOWELL
Phone
9198416564
Tax Period
2024-01-01 to 2024-12-31

LEGACY IMPACT CAPITAL, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $666K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY REDEVELOPMENT THROUGH EXPANSION OF EDUCATION CHOICE, WORKFORCE HOUSING, AND ATTAINABLE SENIOR HOUSING IN COMMUNITIES OF NEED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $645,054
Investment Income $20,886
Other Revenue $0
TOTAL REVENUE $665,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $679,565
Other Expenses $719,321
TOTAL EXPENSES $719,321

Year-over-Year Comparison

2024 2023 Change
Revenue $665,940 $351,670 +0.9%
Expenses $719,321 $193,442 +2.7%
Net Income $-53,381 $158,228 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
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
1
$61,840
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND H SOWELL BOARD CHAIR 10.00
Director
$0 $0 $0
KEISHA STEVENS VICE CHAIR 1.00
Director
$0 $0 $0
ANDREW SOWELL PRESIDENT 10.00
Officer
$0 $61,840 $61,840
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 $665,940 $719,321 $2,864,760 $-53,381
2023 $351,670 $193,442 $2,202,636 $158,228
2022 $1,460,133 $794,325 $1,226,024 $665,808
2021 $787,143 $226,942 $560,201 $560,201
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LEGACY IMPACT CAPITAL with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.