Civic Intelligence

Choanoke Area Development Association of North Carolina Inc

EIN 56-0841757 • 501(c)3 • Rich Square, NC

View Organization Page

Profile

Cada, with it's many partners, will assist disadvantage citizens achieve a better quality of life through education, training, and economic development.

PO Box 530Rich Square, NC 27869

www.nc-cada.org

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.61x

Higher debt load relative to assets than 53% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.44x

Higher debt load relative to revenue than 24% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Net Margin

33rd percentile

-0.4%

Higher net margin than 33% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

26th percentile

$86,215

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

NTEE L • $10M-$25M nonprofits • Source year 2024

Asset Growth

97th percentile

139%

Faster asset growth than 97% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

7.1%

Faster revenue growth than 58% of similar nonprofits.

NTEE L • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$7,811,396

Up $4,537,613 (+139%) from 2023

Liabilities

Up

$4,748,375

Up $1,872,477 (+65%) from 2023

Net Assets

Up

$3,063,021

Up $2,665,136 (+670%) from 2023

Operations
Liabilities / Revenue24th percentileNet Margin33rd percentile

Revenue

Up

$10,900,300

Up $722,142 (+7.1%) from 2023

Expenses

Up

$10,943,526

Up $220,474 (+2.1%) from 2023

Net Income

Up

-$43,226

Up $501,668 (+92%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,926,954Liabilities 2011: $2,678,794Net Assets 2011: $2,248,1602011Assets 2012: $4,048,603Liabilities 2012: $2,841,923Net Assets 2012: $1,206,6802012Assets 2013: $3,962,717Liabilities 2013: $2,882,387Net Assets 2013: $1,080,3302013Assets 2014: $3,588,983Liabilities 2014: $2,583,088Net Assets 2014: $1,005,8952014Assets 2015: $3,517,032Liabilities 2015: $2,536,706Net Assets 2015: $980,3262015Assets 2016: $4,603,385Liabilities 2016: $2,818,911Net Assets 2016: $1,784,4742016Assets 2017: $4,455,180Liabilities 2017: $2,671,077Net Assets 2017: $1,784,1032017Assets 2018: $4,512,369Liabilities 2018: $2,873,596Net Assets 2018: $1,638,7732018Assets 2019: $3,964,062Liabilities 2019: $2,710,872Net Assets 2019: $1,253,1902019Assets 2020: $7,096,224Liabilities 2020: $5,396,135Net Assets 2020: $1,700,0892020Assets 2021: $3,243,319Liabilities 2021: $2,228,870Net Assets 2021: $1,014,4492021Assets 2022: $3,058,775Liabilities 2022: $2,115,996Net Assets 2022: $942,7792022Assets 2023: $3,273,783Liabilities 2023: $2,875,898Net Assets 2023: $397,8852023Assets 2024: $7,811,396Liabilities 2024: $4,748,375Net Assets 2024: $3,063,0212024

Highlighted filing

2024

Assets$7,811,396
Liabilities$4,748,375
Net Assets$3,063,021
Open 2024 Filing

Operations Trend

Revenue Growth58th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $14,523,716Expenses 2011: $14,012,032Net Income 2011: $511,6842011Revenue 2012: $11,155,469Expenses 2012: $12,196,949Net Income 2012: -$1,041,4802012Expenses 2013: $10,835,4672013Revenue 2014: $9,898,888Expenses 2014: $9,973,323Net Income 2014: -$74,4352014Revenue 2015: $9,943,713Expenses 2015: $9,969,282Net Income 2015: -$25,5692015Revenue 2016: $10,609,732Expenses 2016: $10,545,876Net Income 2016: $63,8562016Revenue 2017: $11,213,714Expenses 2017: $11,214,085Net Income 2017: -$3712017Revenue 2018: $10,797,585Expenses 2018: $10,942,915Net Income 2018: -$145,3302018Revenue 2019: $10,081,161Expenses 2019: $10,466,744Net Income 2019: -$385,5832019Revenue 2020: $9,938,754Expenses 2020: $10,199,709Net Income 2020: -$260,9552020Revenue 2021: $10,393,050Expenses 2021: $10,360,426Net Income 2021: $32,6242021Revenue 2022: $10,029,317Expenses 2022: $10,100,985Net Income 2022: -$71,6682022Revenue 2023: $10,178,158Expenses 2023: $10,723,052Net Income 2023: -$544,8942023Revenue 2024: $10,900,300Expenses 2024: $10,943,526Net Income 2024: -$43,2262024

Highlighted filing

2024

Revenue$10,900,300
Expenses$10,943,526
Net Income-$43,226
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,811,396
Liabilities
$4,748,375
Net assets
$3,063,021
Revenue
$10,900,300
Expenses
$10,943,526
Net income
-$43,226
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.81$4.75$3.06$10.9$10.9$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.27$2.88$0.40$10.2$10.7$0.54
2022Detailed filing. Detailed filing data is available for this year.$3.06$2.12$0.94$10.0$10.1$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.24$2.23$1.01$10.4$10.4$0.03
2020Detailed filing. Detailed filing data is available for this year.$7.10$5.40$1.70$9.94$10.2$0.26
2019Detailed filing. Detailed filing data is available for this year.$3.96$2.71$1.25$10.1$10.5$0.39
2018Detailed filing. Detailed filing data is available for this year.$4.51$2.87$1.64$10.8$10.9$0.15
2017Detailed filing. Detailed filing data is available for this year.$4.46$2.67$1.78$11.2$11.2$0.00
2016Detailed filing. Detailed filing data is available for this year.$4.60$2.82$1.78$10.6$10.5$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.52$2.54$0.98$9.94$9.97$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.59$2.58$1.01$9.90$9.97$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$2.88$1.08$10.8
2012Summary only. Only limited summary data is available for this year.$4.05$2.84$1.21$11.2$12.2$1.04
2011Summary only. Only limited summary data is available for this year.$4.93$2.68$2.25$14.5$14.0$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 25, 2025
Return Version
2023v6.0
Gross Receipts
$11,251,798
Mission and Program Overview

Mission

To provide assistance to low-income individuals and families.

Cada is a private, non-profit organization, a community action agency, whose mission is to assist low income citizens achieve self-sufficiency and a better quality of life. Our purpose is to promote through regional cooperation, the industrial, agricultural, recreational, educational and general economic well being and health and welfare of the citizens of bertie, halifax, hertford, martin, and northampton counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,153,087$6,404,843▲ $4,251,756
Cash and Non-Interest-Bearing Accounts$307,086$517,586▲ $210,500
Pledges and Grants Receivable$161,541$276,374▲ $114,833
Investments Program Related$181,691$169,697▼ $11,994
Accounts Receivable$178,768$104,637▼ $74,131
Prepaid Expenses and Deferred Charges-$7,056-
Total Assets$3,273,783$7,811,396▲ $4,537,613
Other Assets Total$291,610$331,203▲ $39,593
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,034,052$2,677,594▲ $1,643,542
Accounts Payable and Accrued Expenses$1,176,003$1,164,979▼ $11,024
Grants Payable$284,233$465,941▲ $181,708
Other Liabilities$381,610$439,861▲ $58,251
Total Liabilities$2,875,898$4,748,375▲ $1,872,477
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$216,194$2,893,324▲ $2,677,130
Net Assets With Donor Restrictions$181,691$169,697▼ $11,994
Total Net Assets Fund Balance$397,885$3,063,021▲ $2,665,136
Total Liabilities and Net Assets / Fund Balance$3,273,783$7,811,396▲ $4,537,613

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,607,658$4,171,181$9,778,839
Other Land Buildings$275,428$1,699,629$1,975,057
Equipment$144,952$505,297$650,249
Land$376,805-$376,805
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher MoodyExecutive DirectorFT$75,309$10,906$86,215

Board Members and Trustees

NameTitle
Catherine MoodyPresident
Vivian Saunders1st Vice President
Nathan Mizell2nd Vice President
Jackson Brown Jr3rd Vice President
Betty PughDirector
Bonnie BazemoreDirector
Carl BondDirector
Daphne LeeDirector
Debbie FreemanDirector
Dr Chris CordonDirector
Dr George JermanDirector
Dr James HunterDirector
Dr James ShearnDirector
Dr Marjorie EdwardsDirector
Duane DanielsDirector
Hazel PierceDirector
Jami WoodsDirector
Jeanette HolleyDirector
John SmithDirector
Joveeta BrownDirector
Joyce BuffaloeDirector
M'BECHI TYREE DAVISDirector
Ophelia GouldfaisonDirector
Rev Dawn DalymackDirector
Tracy GaryDirector
Vonetta PorterDirector
Robin WilliamsAsst Secretary
James PeeleSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,858,758
Program Service Revenue
$156,718
Investment Income
$865
Other Revenue
$-116,041
All Other Contributions
$59,615
Change in Net Assets
$-43,226

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,900,300
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,066,776
Total Revenue per Audited Statements
$11,967,076
Total Revenue per Form 990
$10,900,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,310,255
Other Expenses$2,684,139
Grants and Similar Amounts Paid$1,949,132
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,391,881$423,064-$4,814,945
Grants to Domestic Individuals$1,949,132--$1,949,132
Other Employee Benefits$828,266$48,217-$876,483
Payroll Taxes$367,710$35,520-$403,230
Occupancy$371,381$21,114-$392,495
Fees for Services Other$241,399--$241,399
Insurance$219,217$19,303-$238,520
All Other Expenses$211,902--$211,902
Travel$174,809--$174,809
Depreciation Depletion$171,853--$171,853
Other Expenses$105,339$31,267-$136,606
Pension Plan Contributions$117,684$11,699-$129,383
Office Expenses$93,588$24,571-$118,159
Current Officers, Directors, Trustees, and Key Employees$78,639$7,575-$86,214
Fees for Services Accounting$25,398$9,181-$34,579
Interest$28,138--$28,138
Advertising$27,815$143-$27,958
Information Technology$12,349$11,951-$24,300
Total Functional Expenses$10,267,785$675,741$0$10,943,526

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,010,302
Expenses per Audited Statements$10,943,526
Total Expenses per Form 990$10,943,526
Expenses Not Reported on Form 990$1,066,776
Expenses Not Reported on Financial Statements$0
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
Lease Liability$352,651
Line of Credit$87,210
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The finance committee reviews the 990 and reports to the full board for approval”

Form 990, Part VI, Section B, Line 12C

“All governing board members are required to review and sign off on the conflict of interest policy. During monthly board meetings the policy is read by all members in attendance and known conflicts either real or perceived are brought forth. Employees are also required to report known areas of conflict.”

Form 990, Part VI, Section B, Line 15

“The organization does a wage comparability study every two years. Information gathered from this study, along with the budget guidelines of each grant, are used to determine pay and compensation for the organization's top officials and key employees. No board members are compensated. The board reviews and approves compensation.”

Form 990, Part VI, Section C, Line 19

“Organization's governing documents, conflict of interest policy, and financial statements are available for viewing at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Choanoke Area Development Association of
EIN
56-0841757
Phone
2525394155
Address
PO BOX 530, RICH SQUARE, NC 27869

Signing Officer

Name
ANDRE' ROWE
Title
Executive Director
Phone
2525394155
Signed
2025-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
ANDRE' ROWE
Formed
1962
Legal Domicile
Nc
Voting Board Members
28
Independent Board Members
28
Employees
174
Volunteers
99

Preparer

Firm
Mpcompany Llp
Address
4600 MARRIOTT DRIVE SUITE 300, RALEIGH, NC 27612
Preparer
Martha Register-futrell
Phone
9198369200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Ahoskie high school apartments llc 2,708,362.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reclassed rental expenses”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclassed rental expenses”

Raw XML AppendixShowing 400 of 684 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/PersonNm4ROBIN WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm5DR CHRIS CORDON
IRS990/Form990PartVIISectionAGrp/PersonNm6CARL BOND
IRS990/Form990PartVIISectionAGrp/PersonNm7BONNIE BAZEMORE
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IRS990/Form990PartVIISectionAGrp/PersonNm9DUANE DANIELS
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IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm12DAPHNE LEE
IRS990/Form990PartVIISectionAGrp/PersonNm13HAZEL PIERCE
IRS990/Form990PartVIISectionAGrp/PersonNm14BETTY PUGH
IRS990/Form990PartVIISectionAGrp/PersonNm15JOVEETA BROWN
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IRS990/Form990PartVIISectionAGrp/PersonNm17JOYCE BUFFALOE
IRS990/Form990PartVIISectionAGrp/PersonNm18DR GEORGE JERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm19REV DAWN DALYMACK
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IRS990/Form990PartVIISectionAGrp/PersonNm28CHRISTOPHER MOODY
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IRS990/Form990PartVIISectionAGrp/TitleTxt12ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23RD VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE DIRECTOR
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IRS990/MissionDesc0CADA, WITH IT'S MANY PARTNERS, WILL ASSIST DISADVANTAGE CITIZENS ACHIEVE A BETTER QUALITY OF LIFE THROUGH EDUCATION, TRAINING, AND ECONOMIC DEVELOPMENT.
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