NonprofitsEast Carolina Community Development Inc

Housing & Shelter

East Carolina Community Development Inc

BEAUFORT, NC

Total revenue

$4.7M

Total expenses

$5.9M

Net assets

$14.8M

Grants received

$125K

1 grants

EIN

561909969

Tax year

2023

Mission

To improve and enhance the standard of living of the people of north carolina by promoting small business development and developing affordable housing within its service area.

Programs

6 programs

Intermediary relending program - to provide loan capital to businesses located in rural north carolina through a contractual agreement with the usda rural development.

Expenses: $4K

Community health and safety - to provide non-medical services for eligible individuals specifically related to food, housing, transportation, interpersonal safety, and toxic stress including assistance with housing inspections and providing healthy home goods.

Expenses: $465K

Management and ownership in rental operations of parachute management company, llc, an affordable housing project with 16 lihtc communities across eastern north carolina.

Expenses: $2K

Development and ownership in rental operations of meadow's gate, llc, an affordable housing project utilizing section 1602 tax credit exchange funds through nchfa.

Expenses: $725K

Development and ownership in rental operations of compass pointe at meadows gate, llc, an eight unit project for veteran supportive housing

Expenses: $53K

Investment corporations holding general partnership interests in affordable housing projects.

Expenses: $3.7M

Financials

FY 2023

Revenue

Contributions & grants$418K
Program service revenue$4.2M
Investment income$17K
Other revenue
Total revenue$4.7M

Expenses

Grants paid
Salaries & benefits$1.0M
Fundraising
Other expenses$4.8M
Total expenses$5.9M
Total assets$37.6M
Net assets$14.8M

People

10 listed

NameRoleCompensation

KEITH D WALKER

CEO & PRESIDENT

Board

$259K

40 hrs/wk

LYNDA E LAND

CFO

Board

$148K

40 hrs/wk

SANDY HEWITT-GIACOBBI

DIRECTOR

Board

1 hrs/wk

TYISHA TEEL

DIRECTOR

Board

1 hrs/wk

BRIAN FIKE

DIRECTOR

Board

1 hrs/wk

DAVID NATEMAN

SECRETARY/TREASURER

Board

2 hrs/wk

SHARII PHELPS

DIRECTOR

Board

1 hrs/wk

ENA WALKER

DIRECTOR

Board

1 hrs/wk

CRAIG WAGNER

DIRECTOR

Board

1 hrs/wk

ROBERT CAMPBELL

CHAIRMAN

Board

4 hrs/wk

Independent contractors

AMY CURRIN

LEGAL

$121K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$125K
Develop affordable housing for families and senior citizens. Develop Family Life Center with facilities to minister to the entire family.This grant will support the Covenant Senior Housing development.
2022

Funded by

$125K from 1 funder · 1 grant · 2022

New Hanover Community Endowment Inc

$125K · 1 grant · 2022

Details

EIN561909969
NTEE codeL21
Subsection03
Ruling date1995-05
Formed1995
Employees4
Volunteers8
EAST CAROLINA COMMUNITY DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo