Civic Intelligence

Community Advancement and Redevelopment Enterprises Inc.

990 • Fiscal year 2021 • EIN 47-1775761

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

PO Box 805Monroe, NC 28111-0805

(704) 289-2314

Siviq Scores

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

Liabilities / Assets

21st percentile

0.04x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

2.55x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Net Margin

76th percentile

12%

Higher net margin than 76% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$112,592

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 214.4% of source-year revenue.

2021 filings • NTEE L • $1M-$5M nonprofits • Source year 2021

Asset Growth

100th percentile

87406%

Faster asset growth than 100% of similar nonprofits.

2021 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Up

$3,556,239

Up $3,552,175 (+87406%) from 2020

Net Assets

$3,422,152

No earlier filing loaded for comparison.

Liabilities

Up

$134,087

Up $134,087 from 2020

Revenue

Up

$52,519

Up $52,519 from 2020

Expenses

Up

$46,002

Up $46,002 from 2020

Net Income

Up

$6,517

Up $6,517 from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $7,443Liabilities 2016: $02016Assets 2017: $8,112Liabilities 2017: $02017Assets 2018: $7,149Liabilities 2018: $02018Assets 2019: $4,064Liabilities 2019: $02019Assets 2020: $4,064Liabilities 2020: $02020Assets 2021: $3,556,239Liabilities 2021: $134,087Net Assets 2021: $3,422,1522021Assets 2022: $3,732,573Liabilities 2022: $22,451Net Assets 2022: $3,710,1222022Assets 2023: $3,721,966Liabilities 2023: $70,740Net Assets 2023: $3,651,2262023Assets 2024: $7,862,590Liabilities 2024: $868,261Net Assets 2024: $6,994,3292024

Highlighted filing

2021

Assets$3,556,239
Liabilities$134,087
Net Assets$3,422,152

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $9,882Expenses 2016: $2,439Net Income 2016: $7,4432016Revenue 2017: $1,373Expenses 2017: $704Net Income 2017: $6692017Revenue 2018: $0Expenses 2018: $963Net Income 2018: -$9632018Revenue 2019: $0Expenses 2019: $3,084Net Income 2019: -$3,0842019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $52,519Expenses 2021: $46,002Net Income 2021: $6,5172021Revenue 2022: $300,572Expenses 2022: $257,132Net Income 2022: $43,4402022Revenue 2023: $339,817Expenses 2023: $385,651Net Income 2023: -$45,8342023Revenue 2024: $2,553,736Expenses 2024: $2,003,111Net Income 2024: $550,6252024

Highlighted filing

2021

Revenue$52,519
Expenses$46,002
Net Income$6,517
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.2
Gross Receipts
$52,519
Mission and Program Overview

Mission

The corporation is established for the charitable purpose of developing, sponsoring, creating, owning, financing, building, maintaining and generally providing housing for individuals or families with low or moderate incomes.

The entity provides affordable housing to low income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,064$679,181▲ $675,117
Savings and Temporary Cash Investments$0$213,499▲ $213,499
Land, Buildings, and Equipment, Net$0$182,305▲ $182,305
Prepaid Expenses and Deferred Charges$0$9,245▲ $9,245
Accounts Receivable$0$1,298▲ $1,298
Total Assets$4,064$3,556,239▲ $3,552,175
Other Assets Total$0$2,470,711▲ $2,470,711
Liabilities
Other Liabilities$0$134,087▲ $134,087
Total Liabilities$0$134,087▲ $134,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,064$3,422,152▲ $3,418,088
Total Net Assets Fund Balance$4,064$3,422,152▲ $3,418,088
Total Liabilities and Net Assets / Fund Balance$4,064$3,556,239▲ $3,552,175

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$182,305$2,359,299$2,541,604
Other Assets Org$2,466,647--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Anna McraeChief Executive Officer/development Officer$112,592$112,592
Donyelle CoalsonChief Financial Officer/secretary$48,639$48,639

Board Members and Trustees

NameTitle
Fannie YoungChairman
James MungoCommissioner
Juston WoazeahCommissioner
Monique HoltCommissioner
Hilda JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,079
Program Service Revenue
$14,404
Investment Income
$36
Other Revenue
$0
Change in Net Assets
$6,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,002
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
All Other Expenses$13,256$316-$13,572
Occupancy$6,093--$6,093
Other Expenses$3,328--$3,328
Depreciation Depletion$2,616--$2,616
Fees for Services Accounting-$313-$313
Travel$61--$61
Fees for Services Legal$3--$3
Total Functional Expenses$45,373$629$0$46,002
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
Due to Monroe Housing Authority$124,506
Tenant Security Deposits$8,750
Pilot$831
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is presented to the board members prior to being filed.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Community Advancement and Redevelopment
EIN
47-1775761
Phone
7042892314
Address
PO BOX 805, MONROE, NC 28111-0805

Signing Officer

Name
Anna Mcrae
Title
Executive Director
Phone
7042892514
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Mcrae
Formed
2014
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Rhonda F Skiles
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Contracts: program service expenses 3,135. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,135. Computer expenses : program service expenses 2,482. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,482. Maintenance materials: program service expenses 2,202. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,202. Maintenance contracts: program service expenses 1,850. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,850. Maintenance labor: program service expenses 936. Management and general expenses 0. Fundraising expenses 0. Total expenses 936. Pest control: program service expenses 860. Management and general expenses 0. Fundraising expenses 0. Total expenses 860. Pilot: program service expenses 831. Management and general expenses 0. Fundraising expenses 0. Total expenses 831. Supplies: program service expenses 580. Management and general expenses 0. Fundraising expenses 0. Total expenses 580. Misc. Administrative expenses: program service expenses 0. Management and general expenses 316. Fundraising expenses 0. Total expenses 316. Telephone: program service expenses 213. Management and general expenses 0. Fundraising expenses 0. Total expenses 213. Uniform services: program service expenses 159. Management and general expenses 0. Fundraising expenses 0. Total expenses 159. Training: program service expenses 8. Management and general expenses 0. Fundraising expenses 0. Total expenses 8.

FORM 990, PART XI, LINE 9:

The monroe housing authority contributed the net assets of an apartment complex, including the buildings, cash reserves and construction in progres on the rehabilitation to participate in hud's rad program 3,411,571.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2124506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PILOT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO MONROE HOUSING AUTHORITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0182305
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02470711
IRS990ScheduleD/TotalLiabilityAmt0134087
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACTS: PROGRAM SERVICE EXPENSES 3,135. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,135. COMPUTER EXPENSES : PROGRAM SERVICE EXPENSES 2,482. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,482. MAINTENANCE MATERIALS: PROGRAM SERVICE EXPENSES 2,202. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,202. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 1,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,850. MAINTENANCE LABOR: PROGRAM SERVICE EXPENSES 936. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 936. PEST CONTROL: PROGRAM SERVICE EXPENSES 860. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 860. PILOT: PROGRAM SERVICE EXPENSES 831. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 831. SUPPLIES: PROGRAM SERVICE EXPENSES 580. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 580. MISC. ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 316. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 316. TELEPHONE: PROGRAM SERVICE EXPENSES 213. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 213. UNIFORM SERVICES: PROGRAM SERVICE EXPENSES 159. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 159. TRAINING: PROGRAM SERVICE EXPENSES 8. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MONROE HOUSING AUTHORITY CONTRIBUTED THE NET ASSETS OF AN APARTMENT COMPLEX, INCLUDING THE BUILDINGS, CASH RESERVES AND CONSTRUCTION IN PROGRES ON THE REHABILITATION TO PARTICIPATE IN HUD'S RAD PROGRAM 3,411,571.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MONROE HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560892844
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW RENT HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 805
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MONROE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028111
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01290085
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt12121492
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1NET BOOK VALUE OF APARTMENT BUILD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MONROE HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MONROE HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04064
IRS990/TotalAssetsEOYAmt03556239
IRS990/TotalAssetsGrp/BOYAmt04064
IRS990/TotalAssetsGrp/EOYAmt03556239
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt038079
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0629
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045373
IRS990/TotalFunctionalExpensesGrp/TotalAmt046002
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0134087
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0134087
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03422152
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt045373
IRS990/TotalProgramServiceRevenueAmt014404
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014404
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052519
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04064
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03556239
IRS990/TotReportableCompRltdOrgAmt0161231
IRS990/TransactionWithControlEntInd01
IRS990/TravelGrp/ProgramServicesAmt061
IRS990/TravelGrp/TotalAmt061
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0504 HOUGH STREET
IRS990/USAddress/CityNm0MONROE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd0281110805
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA MCRAE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07042892514
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY ADVANCEMENT AND REDEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ENTERPRISE INC
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0471775761
ReturnHeader/Filer/PhoneNum07042892314

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