Civic Intelligence

Raleigh Area Development Authority

990 • Fiscal year 2014 • EIN 30-0218536

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

Organization ProfileWWW.RADA-NC.COM
4030 Wake Forest RoadRoom/Suite 205Raleigh, NC 27609

(919) 807-8400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

10th percentile

-27%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$56,394

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

2nd percentile

-57%

Faster asset growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$156,313

Down $204,462 (-57%) from 2013

Net Assets

Down

$152,878

Down $150,535 (-50%) from 2013

Liabilities

Down

$3,435

Down $53,927 (-94%) from 2013

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin10th percentile

Revenue

Down

$562,179

Down $150,216 (-21%) from 2013

Expenses

Up

$712,714

Up $108,870 (+18%) from 2013

Net Income

Down

-$150,535

Down $259,086 (-239%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $105,824Liabilities 2010: $6,868Net Assets 2010: $98,9562010Assets 2011: $89,955Liabilities 2011: $6,822Net Assets 2011: $83,1332011Assets 2012: $231,034Liabilities 2012: $36,172Net Assets 2012: $194,8622012Assets 2013: $360,775Liabilities 2013: $57,362Net Assets 2013: $303,4132013Assets 2014: $156,313Liabilities 2014: $3,435Net Assets 2014: $152,8782014Assets 2015: $110,586Liabilities 2015: $7,143Net Assets 2015: $103,4432015Assets 2016: $111,257Liabilities 2016: $19,774Net Assets 2016: $91,4832016Assets 2017: $38,191Liabilities 2017: $12,452Net Assets 2017: $25,7392017Assets 2018: $32,166Liabilities 2018: $18,507Net Assets 2018: $13,6592018

Highlighted filing

2014

Assets$156,313
Liabilities$3,435
Net Assets$152,878
Open 2014 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $382,8152010Expenses 2011: $328,0152011Expenses 2012: $450,5542012Revenue 2013: $712,395Expenses 2013: $603,844Net Income 2013: $108,5512013Revenue 2014: $562,179Expenses 2014: $712,714Net Income 2014: -$150,5352014Revenue 2015: $535,105Expenses 2015: $584,540Net Income 2015: -$49,4352015Revenue 2016: $355,862Expenses 2016: $367,822Net Income 2016: -$11,9602016Revenue 2017: $330,080Expenses 2017: $395,824Net Income 2017: -$65,7442017Revenue 2018: $248,463Expenses 2018: $260,543Net Income 2018: -$12,0802018

Highlighted filing

2014

Revenue$562,179
Expenses$712,714
Net Income-$150,535
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$562,179
Mission and Program Overview

Mission

Provide and stimulate investment in raleigh's most underdeveloped and neglected communities, particularly southeast raleigh.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$214,339$100,533▼ $113,806
Accounts Receivable$36,150$30,822▼ $5,328
Pledges and Grants Receivable$35,506$15,226▼ $20,280
Land, Buildings, and Equipment, Net$8,684$8,097▼ $587
Prepaid Expenses and Deferred Charges$1,935$1,635▼ $300
Total Assets$360,775$156,313▼ $204,462
Other Assets Total$64,161--
Liabilities
Mortgage Notes Payable Secured by Investment Property$50,000--
Accounts Payable and Accrued Expenses$7,362$3,435▼ $3,927
Total Liabilities$57,362$3,435▼ $53,927
Net Assets / Fund Balance
Unrestricted Net Assets$303,413$152,878▼ $150,535
Total Net Assets Fund Balance$303,413$152,878▼ $150,535
Total Liabilities and Net Assets / Fund Balance$360,775$156,313▼ $204,462

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,097$27,786$35,883
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stanley GreenPresidentFT$50,994$5,400$56,394

Board Members and Trustees

NameTitle
David BakerChair
Mark BolashVice Chair
-Director
Luther WilliamsDirector
Rita Anita LingerDirector
Sarah C WilliamsDirector
Sonia BarnesDirector
Joanna LeclairSecretary
John BrysonTreasurer
John MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,169
Program Service Revenue
$349,995
Investment Income
$15
Other Revenue
$0
All Other Contributions
$38,650
Change in Net Assets
$-150,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$431,942
Other Expenses$265,772
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,463$41,600-$327,063
Fees for Services Accounting$41,912$13,971-$55,883
Current Officers, Directors, Trustees, and Key Employees-$50,934-$50,934
Occupancy$32,732$10,911-$43,643
Payroll Taxes$27,262$8,883-$36,145
Office Expenses$20,340$6,485-$26,825
Other Employee Benefits$9,400$8,400-$17,800
All Other Expenses$13,385$3,524-$16,909
Advertising$16,638--$16,638
Grants to Domestic Orgs$15,000--$15,000
Fees for Services Other$11,134$3,711-$14,845
Other Expenses$14,367$4,071-$14,367
Travel$7,025$7,025-$14,050
Insurance$6,849--$6,849
Depreciation Depletion$3,275$1,051-$4,326
Total Functional Expenses$552,148$160,566$0$712,714
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Interfaith Food ShuttleDurham, NC501c3Food Stand$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The rada board of directors has a nominating committee which seeks and receives names of potential board members. Nominees are presented to the full board for election following proper notice to all current directors. All current members of the rada board of directors can vote.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 distributed to board of directors for review prior to filing”

Form 990, Page 6, Part VI, Line 12C

“Board and staff are required to sign a formal conflict of interest statement”

Form 990, Page 6, Part VI, Line 15A

“The prior services of professional resources, inc, out of winston-salem, was used to provide a base compensation analysis for the president/ceo of rada. Based on this information it was decided by the executive committee that the president/ceos compensation packet should remain a budgeted item.”

Form 990, Page 6, Part VI, Line 15B

“Other staff salaries are based upon market conditions as determined by the nc esc and by surveying solicitations by local advertisers”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Raleigh Area Development Authority
EIN
30-0218536
Phone
9198078400
Address
4030 WAKE FOREST ROAD, ROOM/SUITE 205, RALEIGH, NC 27609

Signing Officer

Name
Wallace Green
Title
President
Phone
9198078400
Signed
2015-05-15

Organization Details

Principal Officer
Wallace Green
Voting Board Members
11
Independent Board Members
11
Employees
11

Preparer

Firm
Tanya S Branch Cpapa
Address
PO BOX 447, DURHAM, NC 27702-0338
Preparer
Tanya Branch CPA
Phone
9194906682
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior period adj to consolidate statements 0”

Raw XML AppendixShowing 400 of 429 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07362
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03435
IRS990/AccountsReceivableGrp/BOYAmt036150
IRS990/AccountsReceivableGrp/EOYAmt030822
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE AND STIMULATE INVESTMENT IN RALEIGH'S MOST UNDERDEVELOPED AND NEGLECTED COMMUNITIES, PARTICULARLY SOUTHEAST RALEIGH.
IRS990/AdvertisingGrp/ProgramServicesAmt016638
IRS990/AdvertisingGrp/TotalAmt016638
IRS990/AllOtherContributionsAmt038650
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03524
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013385
IRS990/AllOtherExpensesGrp/TotalAmt016909
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0VERMELLE WILSON
IRS990/BooksInCareOfDetail/PhoneNum09198078400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04030 WAKE FOREST ROAD
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0SUITE 205
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027609
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0214339
IRS990/CashNonInterestBearingGrp/EOYAmt0100533
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt050934
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt050934
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0212169
IRS990/CYGrantsAndSimilarPaidAmt015000
IRS990/CYInvestmentIncomeAmt015
IRS990/CYOtherExpensesAmt0265772
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0349995
IRS990/CYRevenuesLessExpensesAmt0-150535
IRS990/CYSalariesCompEmpBnftPaidAmt0431942
IRS990/CYTotalExpensesAmt0712714
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0562179
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01051
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03275
IRS990/DepreciationDepletionGrp/TotalAmt04326
IRS990/Desc0TO PROVIDE A RANGE OF LOAN PRODUCTS, INCLUDING PRE-DEVELOPMENT, BRIDGE, EQUITY, AND SUBORDINATE FUNDING FOR DESIRABLE REAL ESTATE AND BUSINESS PROJECTS THAT WILL CONTRIBUTE TO ECONOMIC GROWTH IN THE MARKET AREA
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0468272
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013971
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt041912
IRS990/FeesForServicesAccountingGrp/TotalAmt055883
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03711
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011134
IRS990/FeesForServicesOtherGrp/TotalAmt014845
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0WALLACE GREEN
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt05400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0STANLEY GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm1RITA ANITA LINGER
IRS990/Form990PartVIISectionAGrp/PersonNm2SONIA BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm3JOANNA LECLAIR
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK BOLASH
IRS990/Form990PartVIISectionAGrp/PersonNm7SARAH C WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN BRYSON
IRS990/Form990PartVIISectionAGrp/PersonNm9LUTHER WILLIAMS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt050994
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0173519
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt015000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt015000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0562179
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt06849
IRS990/InsuranceGrp/TotalAmt06849
IRS990/InvestmentIncomeGrp/ExclusionAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027786
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08684
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08097
IRS990/LandBldgEquipCostOrOtherBssAmt035883
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE AND STIMULATE INVESTMENT IN RALEIGH'S MOST UNDERDEVELOPED AND NEGLECTED COMMUNITIES, PARTICULARLY SOUTHEAST RALEIGH.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt050000
IRS990/NetAssetsOrFundBalancesBOYAmt0303413
IRS990/NetAssetsOrFundBalancesEOYAmt0152878
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt010911
IRS990/OccupancyGrp/ProgramServicesAmt032732
IRS990/OccupancyGrp/TotalAmt043643
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06485
IRS990/OfficeExpensesGrp/ProgramServicesAmt020340
IRS990/OfficeExpensesGrp/TotalAmt026825
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt064161
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08400
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09400
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017800
IRS990/OtherExpensesGrp/Desc0CREDIT REPORTS
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2GRANT EXP
IRS990/OtherExpensesGrp/Desc3EQUIPMENT REPAIR & MAINT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04071
IRS990/OtherExpensesGrp/ProgramServicesAmt020654
IRS990/OtherExpensesGrp/ProgramServicesAmt112212
IRS990/OtherExpensesGrp/ProgramServicesAmt214500
IRS990/OtherExpensesGrp/ProgramServicesAmt314367
IRS990/OtherExpensesGrp/TotalAmt020654
IRS990/OtherExpensesGrp/TotalAmt116283
IRS990/OtherExpensesGrp/TotalAmt214500
IRS990/OtherExpensesGrp/TotalAmt314367
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt041600
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0285463
IRS990/OtherSalariesAndWagesGrp/TotalAmt0327063
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08883
IRS990/PayrollTaxesGrp/ProgramServicesAmt027262
IRS990/PayrollTaxesGrp/TotalAmt036145
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035506
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015226
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01935
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01635
IRS990/PrincipalOfficerNm0WALLACE GREEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NC HOUSING FINANCE
IRS990/ProgramServiceRevenueGrp/Desc1LOAN SERVICING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121528
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220117
IRS990/ProgSrvcAccomActy2Grp/Desc0LOAN SERVICING PROGRAM - PROVIDES LOAN SERVICING AND RELATED RECONCILIATION SUPPORT TO LENDERS, INCLUDING BANKS, CREDIT UNIONS, COMMUNITY DEVELOPMENT FUNDS, MUNICIPALITIES, AND PRIVATE INVESTMENT FUNDS THAT HAVE A COMMITTMENT TO SMALL BUSINESS GROWTH AND STABILIZATION, HOMEOWNERSHIP, AND NEIGHBORHOOD PRESERVATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt068876
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY OUTREACH PROGRAM - PROVIDES FISCAL AGENT/FINANCIAL INTERMEDIARY SUPPORT SERVICES TO COMMUNITY AREA NONPROFIT ENTIES THAT BRING AWARENESS ACTIVITIES THOUGH TARGETED COMMUNITY INTERACTION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt015000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0311957
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0231426
IRS990/PYProgramServiceRevenueAmt0400438
IRS990/PYRevenuesLessExpensesAmt0108551
IRS990/PYSalariesCompEmpBnftPaidAmt0372418
IRS990/PYTotalExpensesAmt0603844
IRS990/PYTotalRevenueAmt0712395
IRS990/ReconcilationRevenueExpnssAmt0-150535
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0311956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0172783
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0156648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0334808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01188364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0895040
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93060
IRS990ScheduleA/PublicSupportPY170Pct00.88620
IRS990ScheduleA/PublicSupportTotal170Amt01105900
IRS990ScheduleA/SubstantialContributorsTotAmt082464
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0212169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0311956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0172783
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0156648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0334808
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01188364
IRS990ScheduleA/TotalSupportAmt01188379
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt08097
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027786
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035883
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08097
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOOD STAND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INTERFAITH FOOD SHUTTLE
IRS990ScheduleI/RecipientTable/RecipientEIN0561753180
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01058 W CLUB BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DURHAM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027701
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THIS PROJECT RAN DURING THE SUMMER OF 2014 THRU THE BEGINNING OF FALL 2014. DURING THIS TIME, RADA FREQUENTED THE FRESH FOOD STAND TO INSURE STAND SET-UP MET CONTRACTED REQUIREMENTS, WHICH INCLUDED SATURDAY OPERATIONS OF A PRODUCE FOOD TENT LOCATED ON THE MOUNT PEACE BAPTIST CHURCH EXTERIOR LOT THRU OCTOBER 2014. IFFS WAS RESPONSIBLE FOR BRINGING IN FRESH PRODUCE FROM LOCAL FARMERS. AT THE END OF THE 2014 PRODUCE STAND RUN, IFFS SUBMITTED AN ITEMIZED INVOICE SHOWING TOTAL PROJECT COST, WHICH INCLUDED DIRECT AND INDIRECT MATERIAL, EQUIPMENT, LABOR AND INSURANCES. ADDITIONAL ADMINISTRATIVE OVERSIGHT OCCURRED BY RADA, LEADING TO THE SUBMISSION OF AN INVOICE TO THE CITY OF RALEIGH REQUESTING GRANT FUNDS, NOT TO EXCEED 15K, SUPPORTING THE IMPLEMENTATION AND COST COVERAGE OF THE 2014 PRODUCE STAND.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RADA BOARD OF DIRECTORS HAS A NOMINATING COMMITTEE WHICH SEEKS AND RECEIVES NAMES OF POTENTIAL BOARD MEMBERS. NOMINEES ARE PRESENTED TO THE FULL BOARD FOR ELECTION FOLLOWING PROPER NOTICE TO ALL CURRENT DIRECTORS. ALL CURRENT MEMBERS OF THE RADA BOARD OF DIRECTORS CAN VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 DISTRIBUTED TO BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD AND STAFF ARE REQUIRED TO SIGN A FORMAL CONFLICT OF INTEREST STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRIOR SERVICES OF PROFESSIONAL RESOURCES, INC, OUT OF WINSTON-SALEM, WAS USED TO PROVIDE A BASE COMPENSATION ANALYSIS FOR THE PRESIDENT/CEO OF RADA. BASED ON THIS INFORMATION IT WAS DECIDED BY THE EXECUTIVE COMMITTEE THAT THE PRESIDENT/CEOS COMPENSATION PACKET SHOULD REMAIN A BUDGETED ITEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER STAFF SALARIES ARE BASED UPON MARKET CONDITIONS AS DETERMINED BY THE NC ESC AND BY SURVEYING SOLICITATIONS BY LOCAL ADVERTISERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR PERIOD ADJ TO CONSOLIDATE STATEMENTS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0RADA
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0RADA MORTGAGE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LENDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt04030 WAKE FOREST ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd027609
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0360775
IRS990/TotalAssetsEOYAmt0156313
IRS990/TotalAssetsGrp/BOYAmt0360775
IRS990/TotalAssetsGrp/EOYAmt0156313
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0212169
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0160566
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0552148
IRS990/TotalFunctionalExpensesGrp/TotalAmt0712714
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057362
IRS990/TotalLiabilitiesEOYAmt03435
IRS990/TotalLiabilitiesGrp/BOYAmt057362
IRS990/TotalLiabilitiesGrp/EOYAmt03435
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0303413
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0152878
IRS990/TotalOtherCompensationAmt05400
IRS990/TotalProgramServiceExpensesAmt0552148
IRS990/TotalProgramServiceRevenueAmt0349995
IRS990/TotalReportableCompFromOrgAmt050994
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0349995
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0562179
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0360775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156313
IRS990/TravelGrp/ManagementAndGeneralAmt07025
IRS990/TravelGrp/ProgramServicesAmt07025
IRS990/TravelGrp/TotalAmt014050
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0303413
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0152878
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04030 WAKE FOREST ROAD STE 205
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027609
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.RADA-NC.COM

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,313
Liabilities
$3,435
Net assets
$152,878
Revenue
$562,179
Expenses
$712,714
Net income
-$150,535
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.19$0.14$2.48$2.61$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.12$0.26$3.30$3.96$0.66
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.20$0.91$3.56$3.68$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.07$1.03$5.35$5.85$0.49
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.03$1.53$5.62$7.13$1.51
2013Detailed filing. Detailed filing data is available for this year.$3.61$0.57$3.03$7.12$6.04$1.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.36$1.95$4.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.07$0.83$3.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.07$0.99$3.83