EIN 56-1845590

North Carolina Community Development Initiative

IRS 501(c) type
501(c)(3)
Num. employees
9
Year formed
1993
Most recent tax filings
2019-12-01
Description
North Carolina Community Development Initiative is a statewide public-private partnership that provides leadership and capital investment to high-performance Community Development corporations (cdc's) as well as other Community based economic Developm...
Also known as...
Development Initiative

Program areas at North Carolina Community Development Initiative

The "Initiative" allocations to grantees are based on the local Community Development corporation's ability to provide services.
The organization entered into a one-year administrative services agreement with the North Carolina housing coalition, Inc. ("coalition"), another irc 501(c)(3) tax-exempt organization. The organization provides professional staffing to carry out the work of the coalition, supervise staff, expand funds received in accordance with coalition's annual budget, and provide fiscal services and related reporting, support staffing, physical space, telecommunication and it services, and other back office services as necessary and appropriate to support the effective functioning of the coalition.

Form 990s for North Carolina Community Development Initiative

Fiscal year endingDate received by IRSFormPDF link
2019-122021-03-02990View PDF
2018-122020-01-31990View PDF
2017-122019-03-15990View PDF
2016-122018-03-14990View PDF
2015-122017-03-24990View PDF
...and 6 more Form 990s

Who funds North Carolina Community Development Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Triangle Community FoundationGeneral Purpose$100,000
 View purchase optionsHuman Services$58,690
Federal funding details
Federal agencyProgram nameAmount
Department of Housing and Urban DevelopmentCOMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII$2,114,548
 View purchase options█████ ██████ ███ ███████ ███ █ █-█████ ███ █ ███$░░,░░░

Grants made by North Carolina Community Development Initiative

GranteeGrant descriptionAmount
North Carolina Community Development Initiative CapitalSee Part Iv$800,000

Financials for North Carolina Community Development Initiative

RevenuesFYE 12/2019
Total grants, contributions, etc.$1,632,530
Program services$64,251
Investment income and dividends$7,884
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$138,663
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$653,571
Total revenues$2,496,899

Personnel at North Carolina Community Development Initiative

NameTitleCompensation
Angela PooleVice President of Finance and Human Resources$103,812
Tara KenchenPresident$168,845
Abdul SM RasheedPast Chief Executive Officer$147,812

Organizations like North Carolina Community Development Initiative

OrganizationLocationRevenue
Philadelphia Chinatown Development Corporation (PCDC)Philadelphia, PA$3,128,895
Ohio Community Development Finance FundColumbus, OH$11,181,596
Downtown Brooklyn PartnershipBrooklyn, NY$2,730,535
Midwest Minnesota Community Development Corporation (MMCDC)Detroit Lakes, MN$9,796,447
Fay-Penn Economic Development CouncilLemont Furnace, PA$3,305,380
Rio Grande Community DevelopmentAlbuquerque, NM$2,908,700
Greater Jamaica Development CorporationJamaica, NY$8,564,212
Cabrillo Economic Development CorporationVentura, CA$4,658,020
Door County Economic Development CorporationSturgeon Bay, WI$880,785
Destination Medical Center Economic Development AgencyRochester, MN$2,685,643
Omaha Economic Development Corporation (OEDC)Omaha, NE$3,763,744
Lawrence Economic Development Corporation (LEDC)South Point, OH$3,620,595
City of Baltimore Development Corporation (BDC)Baltimore, MD$9,152,119
Economic Development Corporation of New HavenNew Haven, CT$2,854,763
Central Carolina Economic Development AllianceColumbia, SC$1,963,245
Southeast Washington Economic Development AssociationClarkston, WA$704,224
H Street Community Development Corporation (HSCDC)Washington, DC$3,198,031
Bear Paw Development CorporationHavre, MT$1,266,940
Charter Schools Development Corporation (CSDC)Hanover, MD$8,454,000
Mahoning Valley Economic Development CorporationYoungstown, OH$1,653,369
Madison Park Development CorporationRoxbury, MA$10,986,094
The Enterprise Center Community Development Corporation (TEC)Philadelphia, PA$1,900,302
Jackson County Economic Development FoundationPascagoula, MS$1,531,999
Southern Maine Finance AgencyBiddeford, ME$828,928
White River Planning & Development Distribution (WRPDD)Batesville, AR$5,159,303
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$2,496,899
2019
Yearly growth
-35.7%
% of revenues
n/a
Total expenses
$3,264,545
2019
Yearly growth
91.8%
% of expenses
n/a
Total assets
$7,907,331
2019
Yearly growth
-29.4%
% of assets
n/a
Num. employees
9
2019
Yearly growth
-35.7%
% of total
n/a
General information
Address
5800 Faringdon Pl Ste 105
Raleigh, NC 27609
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Phone
(919) 835-6005
IRS details
EIN
56-1845590
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization