Civic Intelligence

Community Apartments Corporation Of

EIN 56-1797630 • 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

95th percentile

1.43x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

10.63x

Higher debt load relative to revenue than 97% of similar nonprofits.

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

Net Margin

22nd percentile

-13%

Higher net margin than 22% of similar nonprofits.

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

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

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

Asset Growth

44th percentile

-1.9%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

51st percentile

6.3%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Down

$678,211

Down $42,870 (-5.9%) from 2022

Liabilities

Up

$972,620

Up $624 (+0.1%) from 2022

Net Assets

Down

-$294,409

Down $43,494 (-17%) from 2022

Revenue

Up

$91,498

Up $1,708 (+1.9%) from 2022

Expenses

Up

$103,351

Up $5,603 (+5.7%) from 2022

Net Income

Down

-$11,853

Down $3,895 (-49%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $915,249Liabilities 2010: $965,665Net Assets 2010: -$50,4162010Assets 2015: $809,949Liabilities 2015: $965,507Net Assets 2015: -$155,5582015Assets 2016: $789,918Liabilities 2016: $963,717Net Assets 2016: -$173,7992016Assets 2017: $778,777Liabilities 2017: $967,801Net Assets 2017: -$189,0242017Assets 2018: $757,360Liabilities 2018: $966,635Net Assets 2018: -$209,2752018Assets 2019: $740,192Liabilities 2019: $963,864Net Assets 2019: -$223,6722019Assets 2022: $721,081Liabilities 2022: $971,996Net Assets 2022: -$250,9152022Assets 2024: $678,211Liabilities 2024: $972,620Net Assets 2024: -$294,4092024

Highlighted filing

2024

Assets$678,211
Liabilities$972,620
Net Assets-$294,409

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $49,583Expenses 2010: $82,109Net Income 2010: -$32,5262010Revenue 2015: $80,865Expenses 2015: $85,990Net Income 2015: -$5,1252015Revenue 2016: $82,104Expenses 2016: $100,345Net Income 2016: -$18,2412016Revenue 2017: $82,430Expenses 2017: $97,655Net Income 2017: -$15,2252017Revenue 2018: $82,414Expenses 2018: $102,665Net Income 2018: -$20,2512018Revenue 2019: $82,425Expenses 2019: $96,822Net Income 2019: -$14,3972019Revenue 2022: $89,790Expenses 2022: $97,748Net Income 2022: -$7,9582022Revenue 2024: $91,498Expenses 2024: $103,351Net Income 2024: -$11,8532024

Highlighted filing

2024

Revenue$91,498
Expenses$103,351
Net Income-$11,853

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
$91,498
Mission and Program Overview

Mission

The Organization provides housing for the mentally ill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$586,950$558,670▼ $28,280
Savings and Temporary Cash Investments$97,360$107,501▲ $10,141
Cash and Non-Interest-Bearing Accounts$3,438$6,886▲ $3,448
Accounts Receivable$3,483$4,846▲ $1,363
Prepaid Expenses and Deferred Charges$300$308▲ $8
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-
Total Assets$691,531$678,211▼ $13,320
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$954,600$954,600→ $0
Accounts Payable and Accrued Expenses$14,375$12,432▼ $1,943
Other Liabilities$5,112$5,588▲ $476
Total Liabilities$974,087$972,620▼ $1,467
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-282,556$-294,409▼ $11,853
Total Net Assets Fund Balance$-282,556$-294,409▼ $11,853
Total Liabilities and Net Assets / Fund Balance$691,531$678,211▼ $13,320

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$388,952$778,160$1,167,112
Land$167,550-$167,550
Equipment$2,168$17,945$20,113
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
$39,832
Program Service Revenue
$51,585
Investment Income
$81
Other Revenue
$0
Change in Net Assets
$-11,853

Audited Revenue Reconciliation

Revenue per Audited Statements
$91,498
Total Revenue per Audited Statements
$91,498
Total Revenue per Form 990
$91,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,351
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$47,177--$47,177
Depreciation Depletion$33,880--$33,880
Fees for Services Management-$10,362-$10,362
Fees for Services Accounting-$3,650-$3,650
Other Expenses-$1,884-$1,884
Total Functional Expenses$81,057$22,294$0$103,351

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$103,351
Total Expenses per Audited Statements$103,351
Total Expenses per Form 990$103,351
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
Tenant security deposits liability$4,034
HUD-PRAC excess RR liability$1,554
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
56-1797630
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
1992
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/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt051585
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt097360
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107501
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt039832
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt038869
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt044497
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt047181
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt046744
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0217123
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt081
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt081
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0376
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt051585
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt046939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt045203
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt042024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0228270
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0376
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0210
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0210
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt0445393
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt091417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt085808
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt089700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt089700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt088768
IRS990ScheduleA/Total509Grp/TotalAmt0445393
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt091498
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt086099
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt089790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt089762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt088830
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0445979
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0388952
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0778160
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01167112
IRS990ScheduleD/EquipmentGrp/BookValueAmt02168
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017945
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020113
IRS990ScheduleD/ExpensesSubtotalAmt0103351
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0167550
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0167550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HUD-PRAC excess RR liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits liability
IRS990ScheduleD/RevenueSubtotalAmt091498
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/TotalBookValueLandBuildingsAmt0558670
IRS990ScheduleD/TotalExpensesPerForm990Amt0103351
IRS990ScheduleD/TotalLiabilityAmt05588
IRS990ScheduleD/TotalRevenuePerForm990Amt091498
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt091498
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0103351
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Raleigh
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027609

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