Civic Intelligence

Rai Development Corporation

EIN 56-2097995 • 501(c)2 • Carrboro, NC

Profile

Rai is a development corporation whose purpose is to hold title for real property for another tax-exempt organization.

550 Smith Level RoadCarrboro, NC 27510

n/A

Siviq Scores

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

Liabilities / Assets

77th percentile

0.34x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

2.46x

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

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

Net Margin

7th percentile

-46%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

86th percentile

$145,278

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 172.8% of source-year revenue.

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

Asset Growth

19th percentile

-14%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

14th percentile

-25%

Faster revenue growth than 14% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$612,495

Down $98,190 (-14%) from 2023

Liabilities

Down

$206,856

Down $59,922 (-22%) from 2023

Net Assets

Down

$405,639

Down $38,268 (-8.6%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin7th percentile

Revenue

Down

$84,050

Down $27,410 (-25%) from 2023

Expenses

Down

$122,318

Down $1,420 (-1.1%) from 2023

Net Income

Down

-$38,268

Down $25,990 (-212%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

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

$1.0M$500K$0Assets 2011: $888,803Liabilities 2011: $783,904Net Assets 2011: $104,8992011Assets 2012: $862,712Liabilities 2012: $759,238Net Assets 2012: $103,4742012Assets 2013: $847,725Liabilities 2013: $725,913Net Assets 2013: $121,8122013Assets 2014: $860,230Liabilities 2014: $711,200Net Assets 2014: $149,0302014Assets 2015: $820,523Liabilities 2015: $647,050Net Assets 2015: $173,4732015Assets 2016: $815,675Liabilities 2016: $614,115Net Assets 2016: $201,5602016Assets 2017: $794,141Liabilities 2017: $564,241Net Assets 2017: $229,9002017Assets 2018: $782,798Liabilities 2018: $520,826Net Assets 2018: $261,9722018Assets 2019: $751,002Liabilities 2019: $473,542Net Assets 2019: $277,4602019Assets 2020: $758,517Liabilities 2020: $424,524Net Assets 2020: $333,9932020Assets 2021: $774,384Liabilities 2021: $372,869Net Assets 2021: $401,5152021Assets 2022: $774,631Liabilities 2022: $318,446Net Assets 2022: $456,1852022Assets 2023: $710,685Liabilities 2023: $266,778Net Assets 2023: $443,9072023Assets 2024: $612,495Liabilities 2024: $206,856Net Assets 2024: $405,6392024

Highlighted filing

2024

Assets$612,495
Liabilities$206,856
Net Assets$405,639
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $95,460Expenses 2011: $86,850Net Income 2011: $8,6102011Revenue 2012: $95,460Expenses 2012: $96,885Net Income 2012: -$1,4252012Revenue 2013: $95,460Expenses 2013: $77,122Net Income 2013: $18,3382013Revenue 2014: $95,460Expenses 2014: $68,242Net Income 2014: $27,2182014Revenue 2015: $95,460Expenses 2015: $71,017Net Income 2015: $24,4432015Revenue 2016: $99,160Expenses 2016: $71,073Net Income 2016: $28,0872016Revenue 2017: $103,415Expenses 2017: $75,075Net Income 2017: $28,3402017Revenue 2018: $95,460Expenses 2018: $63,388Net Income 2018: $32,0722018Revenue 2019: $107,860Expenses 2019: $92,372Net Income 2019: $15,4882019Revenue 2020: $139,415Expenses 2020: $74,527Net Income 2020: $64,8882020Revenue 2021: $323,660Expenses 2021: $256,138Net Income 2021: $67,5222021Revenue 2022: $302,710Expenses 2022: $248,040Net Income 2022: $54,6702022Revenue 2023: $111,460Expenses 2023: $123,738Net Income 2023: -$12,2782023Revenue 2024: $84,050Expenses 2024: $122,318Net Income 2024: -$38,2682024

Highlighted filing

2024

Revenue$84,050
Expenses$122,318
Net Income-$38,268
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$612,495
Liabilities
$206,856
Net assets
$405,639
Revenue
$84,050
Expenses
$122,318
Net income
-$38,268
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$2.07$4.06$0.84$1.22$0.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.11$2.67$4.44$1.11$1.24$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.75$3.18$4.56$3.03$2.48$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.74$3.73$4.02$3.24$2.56$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.59$4.25$3.34$1.39$0.75$0.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.51$4.74$2.77$1.08$0.92$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.83$5.21$2.62$0.95$0.63$0.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.94$5.64$2.30$1.03$0.75$0.28
2016Detailed filing. Detailed filing data is available for this year.$8.16$6.14$2.02$0.99$0.71$0.28
2015Detailed filing. Detailed filing data is available for this year.$8.21$6.47$1.73$0.95$0.71$0.24
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.60$7.11$1.49$0.95$0.68$0.27
2013Summary only. Only limited summary data is available for this year.$8.48$7.26$1.22$0.95$0.77$0.18
2012Summary only. Only limited summary data is available for this year.$8.63$7.59$1.03$0.95$0.97$0.01
2011Summary only. Only limited summary data is available for this year.$8.89$7.84$1.05$0.95$0.87$0.09
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 16, 2022
Return Version
2020v4.2
Gross Receipts
$323,660
Mission and Program Overview

Mission

Rai is a development corporation whose purpose is to hold title for real property for another tax-exempt organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$611,698$590,220▼ $21,478
Cash and Non-Interest-Bearing Accounts$144,888$182,111▲ $37,223
Intangible Assets$1,798$1,530▼ $268
Total Assets$758,517$774,384▲ $15,867
Other Assets Total$133$523▲ $390
Liabilities
Mortgage Notes Payable Secured by Investment Property$424,524$372,869▼ $51,655
Total Liabilities$424,524$372,869▼ $51,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$333,993$401,515▲ $67,522
Total Net Assets Fund Balance$333,993$401,515▲ $67,522
Total Liabilities and Net Assets / Fund Balance$758,517$774,384▲ $15,867

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$483,610$557,890$1,041,500
Land$100,000-$100,000
Other Land Buildings$0$35,594$35,594
Equipment$6,610$9,618$16,228
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
David ChapmanCEO$145,278$145,278

Board Members and Trustees

NameTitle
Jack SimondsChairman
Andra DavisBoard Member
Martha BollingerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$323,660
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$67,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,138
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
Payments to Affiliates---$112,000
Occupancy---$70,838
Depreciation Depletion---$28,686
Interest---$20,910
Fees for Services Accounting---$2,655
Other Expenses---$1,755
Office Expenses---$25
Total Functional Expenses$0$0$0$256,138
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 form 990 is provided to all board members to review before the form 990 is filed.”

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

“The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“Governing documents, the conflict of interest policy, and financial statements are made available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Rai Development Corporation
EIN
56-2097995
Phone
9199673402
Address
550 SMITH LEVEL ROAD, CARRBORO, NC 27510

Signing Officer

Name
David Chapman
Title
Chairman/CEO
Phone
9199673402
Signed
2022-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Chapman
Formed
1996
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Thomas Judy & Tucker Pa
Address
4700 FALLS OF NEUSE ROAD, RALEIGH, NC 27609
Preparer
Michael a Shusko CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

Part XII, Ln 1

“The organization has a modified cash basis as the accounting method.”

Part XII, Ln 2C

“The process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The organization adopted the provisions of fasb asc 740-10-25, accounting for uncertainty in income taxes. Under this provision, an organization must recognize the tax benefit associated with tax taken for tax return purposes when it is more likely than not the position will be sustained. The implementation had no impact on the organization's financial statements. The organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax years in progress. The organization believes it is no longer subject to income tax examinations for the years prior to 2017. As of june 30, 2021 and 2020, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

Raw XML Appendix336 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RAI IS A DEVELOPMENT CORPORATION WHOSE PURPOSE IS TO HOLD TITLE FOR REAL PROPERTY FOR ANOTHER TAX-EXEMPT ORGANIZATION.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAVID CHAPMAN
IRS990/BooksInCareOfDetail/PhoneNum09199673402
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0550 SMITH LEVEL ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARRBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027510
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0144888
IRS990/CashNonInterestBearingGrp/EOYAmt0182111
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0256138
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0323660
IRS990/CYRevenuesLessExpensesAmt067522
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0256138
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0323660
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt028686
IRS990/Desc0RAI IS A DEVELOPMENT CORPORATION WHOSE PURPOSE IS TO HOLD TITLE FOR REAL PROPERTY FOR ANOTHER TAX-EXEMPT ORGANIZATION. THUS, RAI DEVELOPMENT CORPORATION DOES NOT HAVE ANY PROGRAM REVENUE OR EXPENSES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt02655
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt031378
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDRA DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm2JACK SIMONDS
IRS990/Form990PartVIISectionAGrp/PersonNm3MARTHA BOLLINGER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0113900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0323660
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt01798
IRS990/IntangibleAssetsGrp/EOYAmt01530
IRS990/InterestGrp/TotalAmt020910
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0603102
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0611698
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0590220
IRS990/LandBldgEquipCostOrOtherBssAmt01193322
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RAI IS A DEVELOPMENT CORPORATION WHOSE PURPOSE IS TO HOLD TITLE FOR REAL PROPERTY FOR ANOTHER TAX-EXEMPT ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0424524
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0372869
IRS990/NetAssetsOrFundBalancesBOYAmt0333993
IRS990/NetAssetsOrFundBalancesEOYAmt0401515
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0333993
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0401515
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt070838
IRS990/OfficeExpensesGrp/TotalAmt025
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0133
IRS990/OtherAssetsTotalGrp/EOYAmt0523
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER TAXES
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt08302
IRS990/OtherExpensesGrp/TotalAmt15698
IRS990/OtherExpensesGrp/TotalAmt25269
IRS990/OtherExpensesGrp/TotalAmt31755
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0112000
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID CHAPMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0323660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0323660
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt074527
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0139415
IRS990/PYRevenuesLessExpensesAmt064888
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt074527
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0139415
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt067522
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0483610
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0557890
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01041500
IRS990ScheduleD/EquipmentGrp/BookValueAmt06610
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09618
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016228
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035594
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035594
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2017. AS OF JUNE 30, 2021 AND 2020, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0590220
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A MODIFIED CASH BASIS AS THE ACCOUNTING METHOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LN 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LN 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CARAMORE COMMUNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0510145188
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES GROUP HOME AND RESIDENTIAL SETTINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0550 SMITH LEVEL ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CARRBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027510
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0299460
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1112000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0RENTAL AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CARAMORE COMMUNITY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CARAMORE COMMUNITY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0758517
IRS990/TotalAssetsEOYAmt0774384
IRS990/TotalAssetsGrp/BOYAmt0758517
IRS990/TotalAssetsGrp/EOYAmt0774384
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0256138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0424524
IRS990/TotalLiabilitiesEOYAmt0372869
IRS990/TotalLiabilitiesGrp/BOYAmt0424524
IRS990/TotalLiabilitiesGrp/EOYAmt0372869
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0333993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0401515
IRS990/TotalOtherCompensationAmt031378
IRS990/TotalProgramServiceRevenueAmt0323660
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0323660
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323660
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0758517
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0774384
IRS990/TotReportableCompRltdOrgAmt0113900
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0550 SMITH LEVEL ROAD
IRS990/USAddress/CityNm0CARRBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027510
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID CHAPMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09199673402
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAI DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0RAID
ReturnHeader/Filer/EIN0562097995
ReturnHeader/Filer/PhoneNum09199673402
ReturnHeader/Filer/USAddress/AddressLine1Txt0550 SMITH LEVEL ROAD
ReturnHeader/Filer/USAddress/CityNm0CARRBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561965804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS JUDY & TUCKER PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04700 FALLS OF NEUSE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027609
ReturnHeader/PreparerPersonGrp/PhoneNum09195717055
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A SHUSKO CPA
ReturnHeader/ReturnTs02022-02-16T08:07:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAPMAN
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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