Civic Intelligence

Community Apartments Corporation of Randolph County

EIN 54-2144844 • 501(c)3 • Raleigh, NC

Profile

The Organization provides housing for the mentally ill.

353 E Six Forks Road Suite 300Raleigh, NC 27609

n/A

Siviq Scores

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

Liabilities / Assets

73rd percentile

1.19x

Higher debt load relative to assets than 73% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

16.67x

Higher debt load relative to revenue than 94% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2024

Net Margin

11th percentile

-56%

Higher net margin than 11% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

NTEE L • $500k-$1M nonprofits • Source year 2024

Asset Growth

49th percentile

-2.0%

Faster asset growth than 49% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-8.9%

Faster revenue growth than 21% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$796,756

Down $16,439 (-2.0%) from 2023

Liabilities

Up

$944,719

Up $15,513 (+1.7%) from 2023

Net Assets

Down

-$147,963

Down $31,952 (-28%) from 2023

Revenue

Down

$56,667

Down $5,525 (-8.9%) from 2023

Expenses

Up

$88,619

Up $18,848 (+27%) from 2023

Net Income

Down

-$31,952

Down $24,373 (-322%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $991,295Liabilities 2010: $951,618Net Assets 2010: $39,6772010Assets 2017: $873,441Liabilities 2017: $933,567Net Assets 2017: -$60,1262017Assets 2018: $859,759Liabilities 2018: $928,980Net Assets 2018: -$69,2212018Assets 2019: $846,166Liabilities 2019: $927,956Net Assets 2019: -$81,7902019Assets 2020: $839,407Liabilities 2020: $927,419Net Assets 2020: -$88,0122020Assets 2021: $833,156Liabilities 2021: $929,106Net Assets 2021: -$95,9502021Assets 2022: $820,932Liabilities 2022: $929,364Net Assets 2022: -$108,4322022Assets 2023: $813,195Liabilities 2023: $929,206Net Assets 2023: -$116,0112023Assets 2024: $796,756Liabilities 2024: $944,719Net Assets 2024: -$147,9632024

Highlighted filing

2024

Assets$796,756
Liabilities$944,719
Net Assets-$147,963

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $40,146Expenses 2010: $62,850Net Income 2010: -$22,7042010Revenue 2017: $58,776Expenses 2017: $73,062Net Income 2017: -$14,2862017Revenue 2018: $58,754Expenses 2018: $67,849Net Income 2018: -$9,0952018Revenue 2019: $62,436Expenses 2019: $75,005Net Income 2019: -$12,5692019Revenue 2020: $61,896Expenses 2020: $68,118Net Income 2020: -$6,2222020Revenue 2021: $61,914Expenses 2021: $69,852Net Income 2021: -$7,9382021Revenue 2022: $57,424Expenses 2022: $69,906Net Income 2022: -$12,4822022Revenue 2023: $62,192Expenses 2023: $69,771Net Income 2023: -$7,5792023Revenue 2024: $56,667Expenses 2024: $88,619Net Income 2024: -$31,9522024

Highlighted filing

2024

Revenue$56,667
Expenses$88,619
Net Income-$31,952

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Sep 22, 2025
Return Version
2023v6.0
Gross Receipts
$56,667
Mission and Program Overview

Mission

The Organization provides housing for the mentally ill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$648,144$627,294▼ $20,850
Savings and Temporary Cash Investments$157,702$163,040▲ $5,338
Accounts Receivable$4,354$4,441▲ $87
Cash and Non-Interest-Bearing Accounts$2,995$1,981▼ $1,014
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$813,195$796,756▼ $16,439
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$918,524$918,524→ $0
Accounts Payable and Accrued Expenses$6,896$14,459▲ $7,563
Other Liabilities$3,786$11,736▲ $7,950
Total Liabilities$929,206$944,719▲ $15,513
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-116,011$-147,963▼ $31,952
Total Net Assets Fund Balance$-116,011$-147,963▼ $31,952
Total Liabilities and Net Assets / Fund Balance$813,195$796,756▼ $16,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$464,652$407,568$872,220
Land$160,000-$160,000
Equipment$2,642$18,810$21,452
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol Ann ConwayPresident
Clementine BrownDirector
Dawn SelbyDirector
Judy LewisDirector
Marvin AlligoodDirector
Sherisse MarionDirector
Stephanie AntkowiakDirector
Gale KirkImm Past Pres
Wayne DawsonSecr/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,469
Program Service Revenue
$42,029
Investment Income
$169
Other Revenue
$0
All Other Contributions
$15
Change in Net Assets
$-31,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$56,667
Total Revenue per Audited Statements
$56,667
Total Revenue per Form 990
$56,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,619
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
Occupancy$39,015--$39,015
Depreciation Depletion$23,574--$23,574
Fees for Services Management-$7,983-$7,983
Fees for Services Accounting-$3,750-$3,750
Other Expenses$953$1,322-$953
Total Functional Expenses$71,053$17,566$0$88,619

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$88,619
Total Expenses per Audited Statements$88,619
Total Expenses per Form 990$88,619
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
HUD-PRAC excess RR liability$7,511
Tenant security deposits liability$4,225
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The Organization delegated control over management duties to the Arc of North Carolina, Inc.

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

The 990 signing officer reviews the Form 990 with the preparer prior to the 990 being filed. The 990 copy filed is then shared with the board, who review any significant items.

Form 990, Part VI, Section C, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Community Apartments Corporation of
EIN
54-2144844
Phone
9197824632
Address
353 E Six Forks Road Suite 300, Raleigh, NC 27609

Signing Officer

Name
Gale Kirk
Title
Secr/Treasurer
Signed
2025-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Poteat
Formed
2004
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Apple Koceja & Associates CPAS PA
Address
445 Dolley Madison Road Ste 202, Greensboro, NC 27410
Preparer
Vicki L Kendrick CPA
Phone
3368544277
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code except on net income derived from unrelated business activities. The Organization has no qualified unrelated business income. The Organization has evaluated all tax positions to identify any that might be uncertain. No material uncertain tax positions were identified for the year ended September 30, 2024. Accordingly, no provision for income tax has been recorded in the financial statements.

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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-31952
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt042029
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0157702
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0163040
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt014469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020328
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt024028
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt023764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0103662
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0169
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0131
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0655
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt042029
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt041719
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt036220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt037772
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt038036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0195776
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0169
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0131
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0114
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0655
IRS990ScheduleA/InvestmentIncomeCYPct00.00220
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99780
IRS990ScheduleA/PublicSupportPY509Pct00.99630
IRS990ScheduleA/PublicSupportTotal509Amt0299438
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt056498
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt062047
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt057293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt061800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt061800
IRS990ScheduleA/Total509Grp/TotalAmt0299438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt056667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt062192
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt057424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt061914
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt061896
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0300093
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0464652
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0407568
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0872220
IRS990ScheduleD/EquipmentGrp/BookValueAmt02642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018810
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021452
IRS990ScheduleD/ExpensesSubtotalAmt088619
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0160000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07511
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HUD-PRAC excess RR liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits liability
IRS990ScheduleD/RevenueSubtotalAmt056667
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code except on net income derived from unrelated business activities. The Organization has no qualified unrelated business income. The Organization has evaluated all tax positions to identify any that might be uncertain. No material uncertain tax positions were identified for the year ended September 30, 2024. Accordingly, no provision for income tax has been recorded in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0627294
IRS990ScheduleD/TotalExpensesPerForm990Amt088619
IRS990ScheduleD/TotalLiabilityAmt011736
IRS990ScheduleD/TotalRevenuePerForm990Amt056667
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt056667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt088619
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization delegated control over management duties to the Arc of North Carolina, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 signing officer reviews the Form 990 with the preparer prior to the 990 being filed. The 990 copy filed is then shared with the board, who review any significant items.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0See attached list
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1The Arc of North Carolina Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560753097
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Housing for people w/ disabilities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Assistance to people w/ disabilities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0353 E Six Forks Road Ste 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1353 E Six Forks Road Ste 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Raleigh

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