Civic Intelligence

Roanoke Chowan Development Corporation

EIN 46-3972912 • 501(c)3 • Ahoskie, NC

Profile

To provide low rent housing to handicapped or disabled individuals whose household income generally does not exceed 30% of the local area median income.

PO Box 219Ahoskie, NC 27910

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.94x

Higher debt load relative to assets than 64% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

90th percentile

15.89x

Higher debt load relative to revenue than 90% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2025

Net Margin

31st percentile

-32%

Higher net margin than 31% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE L20 • $1M-$5M nonprofits • Source year 2025

Asset Growth

22nd percentile

-4.4%

Faster asset growth than 22% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

38th percentile

1.6%

Faster revenue growth than 38% of similar nonprofits.

NTEE L20 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,086,881

Down $50,428 (-4.4%) from 2024

Liabilities

Down

$1,023,552

Down $30,128 (-2.9%) from 2024

Net Assets

Down

$63,329

Down $20,300 (-24%) from 2024

Revenue

Up

$64,411

Up $1,030 (+1.6%) from 2024

Expenses

Down

$84,712

Down $601 (-0.7%) from 2024

Net Income

Up

-$20,301

Up $1,631 (+7.4%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2015: $1,272,738Liabilities 2015: $995,062Net Assets 2015: $277,6762015Assets 2016: $1,444,721Liabilities 2016: $1,182,893Net Assets 2016: $261,8282016Assets 2017: $1,385,787Liabilities 2017: $1,169,821Net Assets 2017: $215,9662017Assets 2018: $1,379,314Liabilities 2018: $1,199,494Net Assets 2018: $179,8202018Assets 2019: $1,353,519Liabilities 2019: $1,209,656Net Assets 2019: $143,8632019Assets 2020: $1,269,052Liabilities 2020: $1,136,227Net Assets 2020: $132,8252020Assets 2021: $1,266,481Liabilities 2021: $1,110,598Net Assets 2021: $155,8832021Assets 2022: $1,220,698Liabilities 2022: $1,089,094Net Assets 2022: $131,6042022Assets 2023: $1,180,238Liabilities 2023: $1,074,675Net Assets 2023: $105,5632023Assets 2024: $1,137,309Liabilities 2024: $1,053,680Net Assets 2024: $83,6292024Assets 2025: $1,086,881Liabilities 2025: $1,023,552Net Assets 2025: $63,3292025

Highlighted filing

2025

Assets$1,086,881
Liabilities$1,023,552
Net Assets$63,329

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $277,676Expenses 2015: $0Net Income 2015: $277,6762015Revenue 2016: -$15,848Expenses 2016: $0Net Income 2016: -$15,8482016Revenue 2017: $75,430Expenses 2017: $121,292Net Income 2017: -$45,8622017Revenue 2018: $77,129Expenses 2018: $113,274Net Income 2018: -$36,1452018Revenue 2019: $77,015Expenses 2019: $112,972Net Income 2019: -$35,9572019Revenue 2020: $76,723Expenses 2020: $128,664Net Income 2020: -$51,9412020Revenue 2021: $72,737Expenses 2021: $49,680Net Income 2021: $23,0572021Revenue 2022: $61,029Expenses 2022: $85,307Net Income 2022: -$24,2782022Revenue 2023: $33,158Expenses 2023: $59,198Net Income 2023: -$26,0402023Revenue 2024: $63,381Expenses 2024: $85,313Net Income 2024: -$21,9322024Revenue 2025: $64,411Expenses 2025: $84,712Net Income 2025: -$20,3012025

Highlighted filing

2025

Revenue$64,411
Expenses$84,712
Net Income-$20,301

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 8, 2025
Return Version
2024v5.2
Gross Receipts
$64,411
Mission and Program Overview

Mission

To provide low rent housing to handicapped or disabled individuals whose household income generally does not exceed 30% of the local area median income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,059,108$1,012,628▼ $46,480
Savings and Temporary Cash Investments$40,334$40,334→ $0
Cash and Non-Interest-Bearing Accounts$36,393$31,954▼ $4,439
Prepaid Expenses and Deferred Charges$1,205$1,230▲ $25
Accounts Receivable$269$735▲ $466
Total Assets$1,137,309$1,086,881▼ $50,428
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$996,711$1,014,013▲ $17,302
Escrow Account Liability$6,927$7,044▲ $117
Accounts Payable and Accrued Expenses$49,958$1,625▼ $48,333
Deferred Revenue$84$870▲ $786
Other Liabilities$0$0→ $0
Total Liabilities$1,053,680$1,023,552▼ $30,128
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$78,995$58,695▼ $20,300
Net Assets With Donor Restrictions$4,634$4,634→ $0
Total Net Assets Fund Balance$83,629$63,329▼ $20,300
Total Liabilities and Net Assets / Fund Balance$1,137,309$1,086,881▼ $50,428

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$898,761$260,928-
Land$8,939--
Leasehold Improvements$104,928$157,392-
Other Assets Org$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andre LassiterChair
Deda EvansVice Chair
Catherine PierceDirector
Charles SimmonsDirector
Ronald GatlingDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$29,224
Program Service Revenue
$35,187
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-20,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$46,480$0$0$46,480
Occupancy$26,420$0$0$26,420
Fees for Services Accounting$0$5,100$0$5,100
Fees for Services Management$0$2,592$0$2,592
Interest$2,011$0$0$2,011
Office Expenses$0$1,851$0$1,851
Fees for Services Legal$258$0$0$258
Total Functional Expenses$75,169$9,543$0$84,712
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding Adjustment$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Roanoke Chowan Development Corporation
EIN
46-3972912
Phone
2523324104
Address
PO Box 219, Ahoskie, NC 27910

Signing Officer

Name
Ms Tarsha Dudley
Title
Executive Director
Phone
2523324104
Signed
2025-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tarsha Dudley
Formed
2015
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Brenton D Umphlett CPA
Address
3731 NORTH MAIN STREET, FARMVILLE, NC 27828
Preparer
Brenton D Umphlett
Phone
2527532204
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

The entity has deligated the day-to-day management and maintenance activities to the Ahoskie Housing Authority.

Pt VI, Line 11B

The entity generally does not provide a copy of Form 990 to the Board before filing with the IRS. After the Form 990 has been filed, the Board receives a copy fo the form for review by the Board and the Auditor.

Pt VI, Line 19

The tax returns, governing documents, conflict of interest policy, and financial statements are made avaliable to the public upon request.

Pt VI, Line 8B

The entity does not have seperate committees; thus documentation of committee meetings is not required.

Pt XI

Line 09 - Plug to Balance

Financial Statement Notes

Pt IV, Line 2B

The amount shown as an escrow account represents the cumulative security deposits owed to the tenants.

Raw XML Appendix374 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.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding Adjustment
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The amount shown as an escrow account represents the cumulative security deposits owed to the tenants.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01012628
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The entity has deligated the day-to-day management and maintenance activities to the Ahoskie Housing Authority.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The entity generally does not provide a copy of Form 990 to the Board before filing with the IRS. After the Form 990 has been filed, the Board receives a copy fo the form for review by the Board and the Auditor.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The tax returns, governing documents, conflict of interest policy, and financial statements are made avaliable to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The entity does not have seperate committees; thus documentation of committee meetings is not required.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Line 09 - Plug to Balance
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01137309
IRS990/TotalAssetsEOYAmt01086881
IRS990/TotalAssetsGrp/BOYAmt01137309
IRS990/TotalAssetsGrp/EOYAmt01086881
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt029224
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09543
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt075169
IRS990/TotalFunctionalExpensesGrp/TotalAmt084712
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01053680
IRS990/TotalLiabilitiesEOYAmt01023552
IRS990/TotalLiabilitiesGrp/BOYAmt01053680
IRS990/TotalLiabilitiesGrp/EOYAmt01023552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt083629
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt063329
IRS990/TotalProgramServiceExpensesAmt075169
IRS990/TotalProgramServiceRevenueAmt035187
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt064411
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01137309
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01086881
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 219
IRS990/USAddress/CityNm0Ahoskie
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027910
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ms Tarsha Dudley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02523324104
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Roanoke Chowan Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0ROAN
ReturnHeader/Filer/EIN0463972912
ReturnHeader/Filer/PhoneNum02523324104
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 219
ReturnHeader/Filer/USAddress/CityNm0Ahoskie
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027910
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455413733
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENTON D UMPHLETT CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03731 NORTH MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARMVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027828
ReturnHeader/PreparerPersonGrp/PhoneNum02527532204
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brenton D Umphlett
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-09T07:03:08-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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