Civic Intelligence

Drake Community Development Inc

EIN 58-1607164 • 501(c)3 • Battleboro, NC

Profile

To unite the residence citizens and surrounding people as a community to encourage citizen participation in improving and maintaining the physical appearance and infrastructure of the community. To promote education and inspire leadership for service in the public and private sector. To encourage and develop financial resources which enhance the welfare and quality of life for the citizens of the community. To be a united voice for the human services needed for a healthy, safe and peaceful existence of the citizens in the community.

5586 Derring DriveBattleboro, NC 27809

www.rentdrakecenter.com

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P20 • <$500k nonprofits • Source year 2024

Net Margin

59th percentile

13%

Higher net margin than 59% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$22,305

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 31.7% of source-year revenue.

NTEE P20 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

2.0%

Faster asset growth than 53% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

-6.6%

Faster revenue growth than 41% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$481,558

Up $9,451 (+2.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$481,558

Up $9,451 (+2.0%) from 2023

Revenue

Down

$70,334

Down $5,001 (-6.6%) from 2023

Expenses

Down

$60,883

Down $11,040 (-15%) from 2023

Net Income

Up

$9,451

Up $6,039 (+177%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $511,734Liabilities 2018: $0Net Assets 2018: $511,7342018Assets 2019: $505,722Liabilities 2019: $0Net Assets 2019: $505,7222019Assets 2021: $464,697Liabilities 2021: $0Net Assets 2021: $464,6972021Assets 2022: $468,695Liabilities 2022: $0Net Assets 2022: $468,6952022Assets 2023: $472,107Liabilities 2023: $0Net Assets 2023: $472,1072023Assets 2024: $481,558Liabilities 2024: $0Net Assets 2024: $481,5582024

Highlighted filing

2024

Assets$481,558
Liabilities$0
Net Assets$481,558

Operations Trend

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

$100K$50K$0-$50KRevenue 2018: $52,042Expenses 2018: $53,999Net Income 2018: -$1,9572018Revenue 2019: $57,212Expenses 2019: $63,224Net Income 2019: -$6,0122019Revenue 2021: $55,698Expenses 2021: $46,485Net Income 2021: $9,2132021Revenue 2022: $69,796Expenses 2022: $65,798Net Income 2022: $3,9982022Revenue 2023: $75,335Expenses 2023: $71,923Net Income 2023: $3,4122023Revenue 2024: $70,334Expenses 2024: $60,883Net Income 2024: $9,4512024

Highlighted filing

2024

Revenue$70,334
Expenses$60,883
Net Income$9,451

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$70,334
Mission and Program Overview

Mission

To unite the residence citizens and surrounding people as a community to encourage citizen participation in improving and maintaining the physical appearance and infrastructure of the community. To promote education and inspire leadership for service in the public and private sector. To encourage and develop financial resources which enhance the welfare and quality of life for the citizens of the community. To be a united voice for the human services needed for a healthy, safe and peaceful existence of the citizens in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$384,207$372,059▼ $12,148
Savings and Temporary Cash Investments$77,849$102,414▲ $24,565
Cash and Non-Interest-Bearing Accounts$10,051$7,085▼ $2,966
Total Assets$472,107$481,558▲ $9,451
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,107$481,558▲ $9,451
Total Net Assets Fund Balance$472,107$481,558▲ $9,451
Total Liabilities and Net Assets / Fund Balance$472,107$481,558▲ $9,451

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$357,059$118,399$475,458
Land$15,000-$15,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marvin ArringtonPresidentFT$22,305$22,305
Patricia PeoplesTreasurer-$1,300$1,300

Board Members and Trustees

NameTitle
William ArringtonVice Chair
Susie AlstonAssistant Se
Beverlyn L RichardsonBod Member
David L BowensBod Member
Donald FobbsBod Member
Rosa HarrisonBod Member
Carolyn F ArringtonSecretary
Deloise F JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$69,785
Investment Income
$549
Other Revenue
$0
Change in Net Assets
$9,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,528
Salaries, Compensation, and Employee Benefits$16,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$12,266$4,089-$16,355
Depreciation Depletion$12,148--$12,148
All Other Expenses$3,875$623-$4,498
Other Expenses$2,865$955-$3,820
Fees for Services Other$1,615--$1,615
Fees for Services Accounting$661$221-$882
Total Functional Expenses$48,629$12,254$0$60,883
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Drake Community Development Inc
EIN
58-1607164
Phone
2524428000
Address
5586 DERRING DRIVE, BATTLEBORO, NC 27809

Signing Officer

Name
Marvin Arrington
Title
President
Phone
2523147418
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Arrington
Formed
2003
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
30

Preparer

Firm
Pate Horton & Ess Pa
Address
PO BOX 787, NASHVILLE, NC 27856
Preparer
Robert B Gottschalk Iii
Phone
2524593186
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To unite the residence citizens and surrounding people as a community to encourage citizen participation in improving and maintaining the physical appearance and infrastructure of the community. To promote education and inspire leadership for service in the public and private sector. To encourage and develop financial resources which enhance the welfare and quality of life for the citizens of the community. To be a united voice for the human services needed for a healthy, safe and peaceful existence of the citizens in the community.

Form 990, Page 2, Part III, Line 4D

X

Form 990, Part XI, Line 9

Adj book/tax depr. Difference 0

Raw XML Appendix340 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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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0472107
IRS990/TotalAssetsEOYAmt0481558
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IRS990/TotalFunctionalExpensesGrp/TotalAmt060883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0472107
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0481558
IRS990/TotalProgramServiceExpensesAmt048629
IRS990/TotalProgramServiceRevenueAmt069785
IRS990/TotalReportableCompFromOrgAmt023605
IRS990/TotalRevenueGrp/ExclusionAmt069785
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0549
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070334
IRS990/TotalVolunteersCnt030
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0481558
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt05586 DERRING DRIVE
IRS990/USAddress/CityNm0BATTLEBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027809
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.RENTDRAKECOMMUNITYCENTER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARVIN ARRINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02523147418
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DRAKE COMMUNITY DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0DRAK
ReturnHeader/Filer/EIN0581607164
ReturnHeader/Filer/PhoneNum02524428000
ReturnHeader/Filer/USAddress/AddressLine1Txt05586 DERRING DRIVE
ReturnHeader/Filer/USAddress/CityNm0BATTLEBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027809
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561315531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATE HORTON & ESS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 787
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027856
ReturnHeader/PreparerPersonGrp/PhoneNum02524593186
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT B GOTTSCHALK III
ReturnHeader/ReturnTs02025-09-15T14:55:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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