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Capitol Area Developments Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581888268 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

Overview

What is Capitol Area Developments Inc?

Capitol Area Developments Inc, located in Raleigh, North Carolina, is a nonprofit organization dedicated to providing development services for low-income housing. Their primary mission is to offer housing solutions to families with moderate incomes. This mission is executed through their activity, which involves directly providing housing units to these income-restricted families. The organization's address is 900 Haynes Street, Raleigh, NC 27604.


Is Capitol Area Developments Inc legitimate?

Capitol Area Developments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitol Area Developments 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: $0

For more financial information, click here


What is the mission statement of Capitol Area Developments Inc?
Who is the CEO of Capitol Area Developments Inc?
What is the revenue of Capitol Area Developments Inc?
Who are the executives of Capitol Area Developments Inc and what are their salaries?
Where can I find the form 990 for Capitol Area Developments Inc?

Mission Statement of Capitol Area Developments Inc

Capitol Area Developments Inc, as a nonprofit organization, is dedicated to providing housing solutions for families with low to moderate incomes. This mission is encapsulated in the development services it offers, focusing on the construction and management of affordable housing units. By offering housing options to those in need, Capitol Area Developments Inc seeks to contribute to the well-being and stability of these families, enabling them to build a better future. The organization's primary goal is to make housing accessible and affordable, thereby fostering a sense of community and opportunities for growth.

Impact

This information is meant to be a general summary of Capitol Area Developments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Capitol Area Developments Inc's impact lies in providing housing to low to moderate income families in Raleigh, North Carolina. Through their development services for low-income housing, they enable individuals and families to access affordable and safe housing options, addressing a crucial need in the community. Their mission to provide housing to those in need directly improves the lives of these individuals, contributing to the overall well-being and stability of the community. Their work aligns with their tag of "Housing," highlighting their dedication to this important cause.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,281
  • Program Service Revenue: $4,487,633
  • Gross Receipts: $4,490,893

    • Assets and Liabilities:
  • Total Assets: $27,712,082
  • Total Liabilities: $5,214,867
  • Net Assets: $22,497,215
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT CHARGES

    Revenue

    $4,388,271

    INCENTIVE MANAGEMENT FEE

    Revenue

    $55,000

    OTHER INCOME

    Revenue

    $44,362

    Organization Details

    Founding Year

    1984

    Principal Officer

    Elizabeth Edgerton

    Main Address

    900 HAYNES STREET, RALEIGH, NC, 27604

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Capitol Area Developments 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.