Civic Intelligence

Community Apartments Corporation Of

EIN 56-2125250 • 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

74th percentile

1.22x

Higher debt load relative to assets than 74% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

15.85x

Higher debt load relative to revenue than 93% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2023

Net Margin

33rd percentile

-18%

Higher net margin than 33% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Source year 2023

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 2023

Asset Growth

60th percentile

0.1%

Faster asset growth than 60% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-17%

Faster revenue growth than 14% of similar nonprofits.

NTEE L • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$578,762

Up $674 (+0.1%) from 2022

Liabilities

Up

$704,581

Up $8,838 (+1.3%) from 2022

Net Assets

Down

-$125,819

Down $8,164 (-6.9%) from 2022

Revenue

Down

$44,440

Down $8,952 (-17%) from 2022

Expenses

Down

$52,604

Down $6,364 (-11%) from 2022

Net Income

Down

-$8,164

Down $2,588 (-46%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $646,881Liabilities 2010: $747,967Net Assets 2010: -$101,0862010Assets 2011: $639,854Liabilities 2011: $746,362Net Assets 2011: -$106,5082011Assets 2014: $609,735Liabilities 2014: $716,829Net Assets 2014: -$107,0942014Assets 2015: $601,283Liabilities 2015: $708,891Net Assets 2015: -$107,6082015Assets 2016: $584,346Liabilities 2016: $709,447Net Assets 2016: -$125,1012016Assets 2017: $584,119Liabilities 2017: $696,525Net Assets 2017: -$112,4062017Assets 2018: $584,961Liabilities 2018: $696,243Net Assets 2018: -$111,2822018Assets 2019: $580,023Liabilities 2019: $695,311Net Assets 2019: -$115,2882019Assets 2020: $577,435Liabilities 2020: $693,122Net Assets 2020: -$115,6872020Assets 2021: $581,353Liabilities 2021: $693,432Net Assets 2021: -$112,0792021Assets 2022: $578,088Liabilities 2022: $695,743Net Assets 2022: -$117,6552022Assets 2023: $578,762Liabilities 2023: $704,581Net Assets 2023: -$125,8192023

Highlighted filing

2023

Assets$578,762
Liabilities$704,581
Net Assets-$125,819

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $52,378Expenses 2010: $60,014Net Income 2010: -$7,6362010Revenue 2011: $49,498Expenses 2011: $54,920Net Income 2011: -$5,4222011Revenue 2014: $52,454Expenses 2014: $50,595Net Income 2014: $1,8592014Revenue 2015: $53,618Expenses 2015: $54,132Net Income 2015: -$5142015Revenue 2016: $63,103Expenses 2016: $80,596Net Income 2016: -$17,4932016Revenue 2017: $69,181Expenses 2017: $56,486Net Income 2017: $12,6952017Revenue 2018: $66,236Expenses 2018: $65,112Net Income 2018: $1,1242018Revenue 2019: $64,075Expenses 2019: $68,081Net Income 2019: -$4,0062019Revenue 2020: $56,576Expenses 2020: $56,975Net Income 2020: -$3992020Revenue 2021: $60,897Expenses 2021: $57,289Net Income 2021: $3,6082021Revenue 2022: $53,392Expenses 2022: $58,968Net Income 2022: -$5,5762022Revenue 2023: $44,440Expenses 2023: $52,604Net Income 2023: -$8,1642023

Highlighted filing

2023

Revenue$44,440
Expenses$52,604
Net Income-$8,164

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 12, 2024
Return Version
2022v5.0
Gross Receipts
$44,440
Mission and Program Overview

Mission

The Organization provides housing for the mentally ill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$396,264$373,807▼ $22,457
Savings and Temporary Cash Investments$180,944$203,950▲ $23,006
Cash and Non-Interest-Bearing Accounts$174$1,005▲ $831
Accounts Receivable$706$0▼ $706
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$578,088$578,762▲ $674
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$689,391$689,391→ $0
Accounts Payable and Accrued Expenses$5,220$12,781▲ $7,561
Deferred Revenue-$1,277-
Other Liabilities$1,132$1,132→ $0
Total Liabilities$695,743$704,581▲ $8,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-117,655$-125,819▼ $8,164
Total Net Assets Fund Balance$-117,655$-125,819▼ $8,164
Total Liabilities and Net Assets / Fund Balance$578,088$578,762▲ $674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$307,059$449,773$756,832
Land$65,000-$65,000
Equipment$1,748$15,115$16,863
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gale KirkPresident
Carol Ann ConwayVice President
Clementine BrownDirector
Daphne HallDirector
Dawn SelbyDirector
Jennifer PfaltzgraffDirector
Marvin AlligoodDirector
Stephanie AntkowiakDirector
Wayne DawsonIPP & Sec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$28,787
Program Service Revenue
$15,463
Investment Income
$190
Other Revenue
$0
All Other Contributions
$4,915
Change in Net Assets
$-8,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,604
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
Depreciation Depletion$22,457--$22,457
Occupancy$19,773--$19,773
Fees for Services Management-$4,471-$4,471
Fees for Services Accounting-$1,600-$1,600
Other Expenses-$1,100-$1,100
Total Functional Expenses$42,230$10,374$0$52,604
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$1,132
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
56-2125250
Phone
9197824632
Address
353 E Six Forks Road Suite 300, Raleigh, NC 27609

Signing Officer

Name
Carol Ann Conway
Title
President
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Nash
Formed
1999
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, 2023. Accordingly, no provision for income tax has been recorded in the financial statements.

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IRS990/ReconcilationRevenueExpnssAmt0-8164
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015463
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0180944
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0203950
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt028787
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033337
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt036380
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt042019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0177782
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0172
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0148
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015463
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt019580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt023490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt020072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt021948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0100553
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0148
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0742
IRS990ScheduleA/InvestmentIncomeCYPct00.00270
IRS990ScheduleA/InvestmentIncomePYPct00.00210
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0303
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0303
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99630
IRS990ScheduleA/PublicSupportPY509Pct00.99690
IRS990ScheduleA/PublicSupportTotal509Amt0278335
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt044250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt052917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt060749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt056452
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt063967
IRS990ScheduleA/Total509Grp/TotalAmt0278335
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt044440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt053392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt060897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt056576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt064075
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0279380
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0307059
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0449773
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0756832
IRS990ScheduleD/EquipmentGrp/BookValueAmt01748
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015115
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016863
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt065000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01132
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits liability
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, 2023. Accordingly, no provision for income tax has been recorded in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0373807
IRS990ScheduleD/TotalLiabilityAmt01132
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 Suite 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1353 E Six Forks Road Suite 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Raleigh
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Raleigh
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027609
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd127609
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false

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