Civic Intelligence

Cahec Building Corporation

EIN 56-2261250 • 501(c)2 • Raleigh, NC

Profile

Holds title to property and maintains a building reserve.

7700 Falls of Neuse Rd 200Raleigh, NC 27615

n/A

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.03x

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

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$754,867

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 453.8% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

43rd percentile

1.9%

Faster asset growth than 43% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

2.6%

Faster revenue growth than 42% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,822,717

Up $33,741 (+1.9%) from 2023

Liabilities

Up

$5,169

Up $25 (+0.5%) from 2023

Net Assets

Up

$1,817,548

Up $33,716 (+1.9%) from 2023

Revenue

Up

$166,344

Up $4,200 (+2.6%) from 2023

Expenses

Up

$132,628

Up $4,316 (+3.4%) from 2023

Net Income

Down

$33,716

Down $116 (-0.3%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,750,104Liabilities 2011: $49,392Net Assets 2011: $1,700,7122011Assets 2012: $1,755,290Liabilities 2012: $0Net Assets 2012: $1,755,2902012Assets 2013: $1,782,746Liabilities 2013: $0Net Assets 2013: $1,782,7462013Assets 2014: $1,808,812Liabilities 2014: $0Net Assets 2014: $1,808,8122014Assets 2015: $1,825,220Liabilities 2015: $0Net Assets 2015: $1,825,2202015Assets 2016: $1,875,766Liabilities 2016: $4,330Net Assets 2016: $1,871,4362016Assets 2017: $1,911,371Liabilities 2017: $4,949Net Assets 2017: $1,906,4222017Assets 2018: $1,959,334Liabilities 2018: $5,147Net Assets 2018: $1,954,1872018Assets 2019: $1,995,297Liabilities 2019: $4,785Net Assets 2019: $1,990,5122019Assets 2020: $2,035,692Liabilities 2020: $5,620Net Assets 2020: $2,030,0722020Assets 2021: $1,720,929Liabilities 2021: $4,870Net Assets 2021: $1,716,0592021Assets 2022: $1,755,509Liabilities 2022: $5,509Net Assets 2022: $1,750,0002022Assets 2023: $1,788,976Liabilities 2023: $5,144Net Assets 2023: $1,783,8322023Assets 2024: $1,822,717Liabilities 2024: $5,169Net Assets 2024: $1,817,5482024

Highlighted filing

2024

Assets$1,822,717
Liabilities$5,169
Net Assets$1,817,548

Operations Trend

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

$300K$200K$100K$0Revenue 2011: $225,000Expenses 2011: $69,841Net Income 2011: $155,1592011Expenses 2012: $78,5922012Revenue 2013: $108,000Expenses 2013: $80,544Net Income 2013: $27,4562013Revenue 2014: $108,006Expenses 2014: $81,940Net Income 2014: $26,0662014Revenue 2015: $108,000Expenses 2015: $91,592Net Income 2015: $16,4082015Revenue 2016: $108,000Expenses 2016: $61,784Net Income 2016: $46,2162016Revenue 2017: $108,000Expenses 2017: $73,012Net Income 2017: $34,9882017Revenue 2018: $108,000Expenses 2018: $60,235Net Income 2018: $47,7652018Revenue 2019: $108,000Expenses 2019: $71,675Net Income 2019: $36,3252019Revenue 2020: $108,000Expenses 2020: $68,440Net Income 2020: $39,5602020Revenue 2021: $108,000Expenses 2021: $72,013Net Income 2021: $35,9872021Revenue 2022: $162,336Expenses 2022: $128,395Net Income 2022: $33,9412022Revenue 2023: $162,144Expenses 2023: $128,312Net Income 2023: $33,8322023Revenue 2024: $166,344Expenses 2024: $132,628Net Income 2024: $33,7162024

Highlighted filing

2024

Revenue$166,344
Expenses$132,628
Net Income$33,716

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.01$1.82$0.17$0.13$0.03
2023Summary only. Only limited summary data is available for this year.$1.79$0.01$1.78$0.16$0.13$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.01$1.75$0.16$0.13$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.00$1.72$0.11$0.07$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.01$2.03$0.11$0.07$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.00$1.99$0.11$0.07$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.01$1.95$0.11$0.06$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.00$1.91$0.11$0.07$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.00$1.87$0.11$0.06$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.11$0.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.11$0.08$0.03
2013Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$0.11$0.08$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.00$1.76$0.08
2011Summary only. Only limited summary data is available for this year.$1.75$0.05$1.70$0.23$0.07$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 20, 2025
Return Version
2024v5.1
Gross Receipts
$166,344
Mission and Program Overview

Mission

Holds title to property and maintains a building reserve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,231,789$1,159,450▼ $72,339
Cash and Non-Interest-Bearing Accounts$552,043$623,485▲ $71,442
Prepaid Expenses and Deferred Charges-$34,613-
Accounts Receivable$5,144$5,169▲ $25
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$1,788,976$1,822,717▲ $33,741
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,144$5,169▲ $25
Other Liabilities$0$0→ $0
Total Liabilities$5,144$5,169▲ $25
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,783,832$1,817,548▲ $33,716
Total Net Assets Fund Balance$1,783,832$1,817,548▲ $33,716
Total Liabilities and Net Assets / Fund Balance$1,788,976$1,822,717▲ $33,741

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$946,832$1,165,928$2,112,760
Leasehold Improvements$212,618$111,109$323,727
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dana BoolePresident and Assistant Secretary
Sonya PrearVice President
Robert LandisAssistant Secretary
William MayoAssistant Secretary
Erin GriffinSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$166,344
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$33,716

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,628
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---$72,339
Occupancy---$58,344
Fees for Services Accounting---$1,900
Office Expenses---$45
Total Functional Expenses$0$0$0$132,628

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 was provided to the organization's president and secretary/treasurer for review and approval prior to submission.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents and financial statements available to the public upon request. It does not have a separate conflict of interest policy from cahec (parent company). Cahec's conflict of interest policy is also available to the public upon request.

Filing and Contact Details

Filer

Filer Name
CAHEC Building Corporation
EIN
56-2261250
Phone
9194200063
Address
7700 Falls of Neuse Rd 200, Raleigh, NC 27615

Signing Officer

Name
Dana Boole
Title
President
Phone
9194200063
Signed
2025-09-20
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
4161 Piedmont Parkway Suite 310, Greensboro, NC 27410
Preparer
Kevin Rayfield
Phone
3368895156
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

CAHEC BUILDING WAS PART OF THE CONSOLIDATED FINANCIAL STATEMENTS OF CAHEC AND AFFILIATES. THE INCOME TAX NOTE DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS INDICATED THERE WAS NO ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AND THE ENTITIES HAVE NOT BEEN INFORMED BY ANY TAX AUTHORITIES THAT ANY OF THE OPEN TAX YEARS ARE UNDER EXAMINATION as of December 31, 2024.

Raw XML AppendixShowing 400 of 3,980 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAHEC BUILDING WAS PART OF THE CONSOLIDATED FINANCIAL STATEMENTS OF CAHEC AND AFFILIATES. THE INCOME TAX NOTE DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS INDICATED THERE WAS NO ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AND THE ENTITIES HAVE NOT BEEN INFORMED BY ANY TAX AUTHORITIES THAT ANY OF THE OPEN TAX YEARS ARE UNDER EXAMINATION as of December 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dana Boole
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Robert Landis
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2William Mayo
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Erin Griffin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Sonya Prear
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President and Assistant Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Assistant Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Assistant Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Secretary/Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Vice President
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S PRESIDENT AND SECRETARY/TREASURER FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT DOES NOT HAVE A SEPARATE CONFLICT OF INTEREST POLICY FROM CAHEC (PARENT COMPANY). CAHEC'S CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19 Required documents available to the public
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C Corporation
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0FURTHER CHARITABLE PURPOSES OF CAHEC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1TO PROMOTE SELF-SUFFCIENCY FROM RENEWABLE ENERGIES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CAHEC HOLDINGS LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1CAHEC ENERGY LLC
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