Civic Intelligence

Community Apartments Corporation Of

EIN 56-2190311 • 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

76th percentile

1.34x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

10.58x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

35th percentile

-16%

Higher net margin than 35% 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

-1.9%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

39th percentile

0.3%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Down

$505,731

Down $9,976 (-1.9%) from 2023

Liabilities

Up

$679,594

Up $390 (+0.1%) from 2023

Net Assets

Down

-$173,863

Down $10,366 (-6.3%) from 2023

Revenue

Up

$64,215

Up $187 (+0.3%) from 2023

Expenses

Up

$74,581

Up $14,701 (+25%) from 2023

Net Income

Down

-$10,366

Down $14,514 (-350%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $666,771Liabilities 2010: $679,890Net Assets 2010: -$13,1192010Assets 2017: $567,195Liabilities 2017: $695,056Net Assets 2017: -$127,8612017Assets 2018: $553,252Liabilities 2018: $692,154Net Assets 2018: -$138,9022018Assets 2019: $545,578Liabilities 2019: $694,358Net Assets 2019: -$148,7802019Assets 2020: $537,837Liabilities 2020: $691,275Net Assets 2020: -$153,4382020Assets 2021: $528,916Liabilities 2021: $689,705Net Assets 2021: -$160,7892021Assets 2022: $519,649Liabilities 2022: $687,294Net Assets 2022: -$167,6452022Assets 2023: $515,707Liabilities 2023: $679,204Net Assets 2023: -$163,4972023Assets 2024: $505,731Liabilities 2024: $679,594Net Assets 2024: -$173,8632024

Highlighted filing

2024

Assets$505,731
Liabilities$679,594
Net Assets-$173,863

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $52,245Expenses 2010: $56,898Net Income 2010: -$4,6532010Revenue 2017: $58,417Expenses 2017: $63,409Net Income 2017: -$4,9922017Revenue 2018: $59,052Expenses 2018: $70,093Net Income 2018: -$11,0412018Revenue 2019: $57,449Expenses 2019: $67,327Net Income 2019: -$9,8782019Revenue 2020: $60,321Expenses 2020: $64,979Net Income 2020: -$4,6582020Revenue 2021: $60,321Expenses 2021: $67,672Net Income 2021: -$7,3512021Revenue 2022: $60,317Expenses 2022: $67,173Net Income 2022: -$6,8562022Revenue 2023: $64,028Expenses 2023: $59,880Net Income 2023: $4,1482023Revenue 2024: $64,215Expenses 2024: $74,581Net Income 2024: -$10,3662024

Highlighted filing

2024

Revenue$64,215
Expenses$74,581
Net Income-$10,366

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 18, 2025
Return Version
2023v6.0
Gross Receipts
$64,215
Mission and Program Overview

Mission

The Organization provides housing for the mentally ill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$434,110$413,851▼ $20,259
Savings and Temporary Cash Investments$74,773$87,326▲ $12,553
Accounts Receivable$4,996$2,375▼ $2,621
Cash and Non-Interest-Bearing Accounts$1,828$2,179▲ $351
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$515,707$505,731▼ $9,976
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$673,600$673,600→ $0
Accounts Payable and Accrued Expenses$3,750$4,026▲ $276
Other Liabilities$1,799$1,799→ $0
Deferred Revenue$55$169▲ $114
Total Liabilities$679,204$679,594▲ $390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-163,497$-173,863▼ $10,366
Total Net Assets Fund Balance$-163,497$-173,863▼ $10,366
Total Liabilities and Net Assets / Fund Balance$515,707$505,731▼ $9,976

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$296,037$428,170$724,207
Land$115,500-$115,500
Equipment$2,314$20,384$22,698
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
$23,926
Program Service Revenue
$40,226
Investment Income
$63
Other Revenue
$0
Change in Net Assets
$-10,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,581
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$28,687--$28,687
Depreciation Depletion$20,259--$20,259
Fees for Services Management-$6,796-$6,796
Fees for Services Accounting-$1,650-$1,650
Other Expenses$11,456$1,304-$1,304
Total Functional Expenses$60,402$14,179$0$74,581
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$1,799
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
56-2190311
Phone
9197824632
Address
353 E Six Forks Road Suite 300, Raleigh, NC 27609

Signing Officer

Name
Gale Kirk
Title
Secr/Treasurer
Signed
2025-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Poteat
Formed
2000
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/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt074773
IRS990/SavingsAndTempCashInvstGrp/EOYAmt087326
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt023926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt025568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt028527
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt032379
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0135968
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt063
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt057
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt040226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038392
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt034687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt031737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt027885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0172927
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt063
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0307
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt0308895
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt064152
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt063960
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt060255
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt060264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt060264
IRS990ScheduleA/Total509Grp/TotalAmt0308895
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt064215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt064028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt060317
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt060321
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt060321
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0309202
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0296037
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0428170
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0724207
IRS990ScheduleD/EquipmentGrp/BookValueAmt02314
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020384
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022698
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0115500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0115500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01799
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, 2024. Accordingly, no provision for income tax has been recorded in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0413851
IRS990ScheduleD/TotalLiabilityAmt01799
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

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