Overview
What is Cahec Capital Inc?
Cahec Capital Inc is a nonprofit organization situated in Raleigh, North Carolina, with a mission to promote community development. Their primary focus is on providing financing and technical assistance to developers of Low-Income Housing Tax Credit (LIHTC) properties, thereby fostering sustainable housing opportunities for low- and moderate-income individuals and families. The organization partners with organizations and businesses dedicated to serving this demographic, emphasizing access to capital for various activities aimed at furthering their mission. These activities include flexible financing programs that aid individuals and families in obtaining affordable housing.
Official website here: www.cahec.com
Is Cahec Capital Inc legitimate?
Cahec Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cahec Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,430
For more financial information, click here
Official website here: www.cahec.com
What is the mission statement of Cahec Capital Inc?
Cahec Capital Inc's mission is centered around promoting community development that benefits low-income households. Their primary goal is to foster sustainable housing opportunities for individuals and families who fall into the low- and moderate-income categories. To achieve this, the corporation collaborates with organizations and businesses focused on meeting the needs of this demographic. Emphasis is placed on providing access to capital, which finances a range of activities aimed at advancing the corporation's mission. This includes offering flexible financing programs that assist individuals and families in obtaining affordable housing. Cahec Capital Inc also works with developers of Low-Income Housing Tax Credit (LIHTC) projects to ensure the creation of healthy, empowered, and sustainable housing for the same income group.
Official website here: www.cahec.com
Who is the CEO of Cahec Capital Inc?
Dana Boole is the Sr Vice President of Cahec Capital Inc. The CEO's salary of Cahec Capital Inc is $0 and their total compensation is $666,817.
Official website here: www.cahec.com
What is the revenue of Cahec Capital Inc?
Who are the executives of Cahec Capital Inc and what are their salaries?
- Dana Boole (President And Ceo)
- Robert Landis (Sr Vice President) [Trustee/Director]
- Erin Griffin (Secretary/Treasurer)
- Tanya Wolfram (Director)
- Joel Brockmann (Director)
- Dawn Dehart (Director)
- Paul Kennedy (Board Chair) [Trustee/Director]
- Josh Earn (Director)
Official website here: www.cahec.com
Where can I find the form 990 for Cahec Capital Inc?
The Cahec Capital Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cahec.com
Learn more at the official website: www.cahec.com
Mission Statement of Cahec Capital Inc
Cahec Capital Inc, a nonprofit organization, is committed to promoting community development that fosters sustainable living conditions for low-income households. By partnering with like-minded organizations and businesses, the corporation aims to create healthy, empowered, and sustainable housing opportunities for individuals and families with modest incomes. The organization's focus lies in providing accessible financing solutions to fund various activities intended to further its mission, such as flexible financing programs that aid individuals and families in securing affordable housing. Cahec Capital Inc's mission is also extended to supporting Low-Income Housing Tax Credit (LIHTC) developers, offering financing and technical assistance to ensure the creation of healthy, empowered, and sustainable housing opportunities for low-income individuals and families.
Impact
This information is meant to be a general summary of Cahec Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Cahec Capital Inc's impact lies in promoting community development to foster sustainable housing opportunities for low- and moderate-income individuals and families. By providing community development financing to underserved populations, Cahec Capital Inc plays a crucial role in preserving and improving neighborhoods, as well as retaining quality affordable communities. Through its emphasis on access to capital and flexible financing programs, the organization assists individuals and families in obtaining affordable housing, ultimately contributing to the well-being and empowerment of those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$273,058
AMORTIZATION OF LOAN F
Revenue
$50,324
APPLICATION FEES
Revenue
$7,500
OTHER INCOME
Revenue
$5,233
Organization Details
Founding Year
2014
Phone
(919) 420-0063
Principal Officer
Dana Boole
Main Address
7700 FALLS OF NEUSE ROAD 200, RALEIGH, NC, 27615
Website
www.cahec.com
NTEE Category
Code: S20 - Community improvement
If you are a representative of Cahec Capital Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.