Civic Intelligence

Cape Fear Regional Community Development

EIN 58-1871390 • 501(c)3 • Wilmington, NC

Profile

The cape fear regional community development corporation is a non-profit 501(c)(3) community-based organization whose mission is providing information, education, and counseling related to homeownership and entrepreneurship to low and moderate income residents of the greater cape fear region and facilitating and administering communicty and economic development programs in cooperation with other community organizations of local units of government.

500 Compton StWilmington, NC 28401

www.cfrcdc.org

Siviq Scores

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

Liabilities / Assets

94th percentile

1.09x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

44.67x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-59%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$1,900,980

Down $151,600 (-7.4%) from 2016

Liabilities

Down

$2,072,356

Down $149,276 (-6.7%) from 2016

Net Assets

Down

-$171,376

Down $2,324 (-1.4%) from 2016

Operations
Liabilities / Revenue100th percentileNet Margin6th percentile

Revenue

Down

$46,395

Down $297,787 (-87%) from 2016

Expenses

Down

$73,696

Down $298,052 (-80%) from 2016

Net Income

Up

-$27,301

Up $265 (+1.0%) from 2016

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,930,547Liabilities 2011: $1,769,484Net Assets 2011: $161,0632011Assets 2012: $1,972,219Liabilities 2012: $1,678,271Net Assets 2012: $293,9482012Assets 2013: $2,082,856Liabilities 2013: $1,862,473Net Assets 2013: $220,3832013Assets 2014: $2,231,649Liabilities 2014: $1,985,571Net Assets 2014: $246,0782014Assets 2015: $2,080,168Liabilities 2015: $2,005,064Net Assets 2015: $75,1042015Assets 2016: $2,052,580Liabilities 2016: $2,221,632Net Assets 2016: -$169,0522016Assets 2024: $1,900,980Liabilities 2024: $2,072,356Net Assets 2024: -$171,3762024

Highlighted filing

2024

Assets$1,900,980
Liabilities$2,072,356
Net Assets-$171,376
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2011: $608,321Expenses 2011: $522,318Net Income 2011: $86,0032011Revenue 2012: $674,139Expenses 2012: $523,225Net Income 2012: $150,9142012Revenue 2013: $532,979Expenses 2013: $606,543Net Income 2013: -$73,5642013Revenue 2014: $620,646Expenses 2014: $594,951Net Income 2014: $25,6952014Revenue 2015: $475,459Expenses 2015: $646,431Net Income 2015: -$170,9722015Revenue 2016: $344,182Expenses 2016: $371,748Net Income 2016: -$27,5662016Revenue 2024: $46,395Expenses 2024: $73,696Net Income 2024: -$27,3012024

Highlighted filing

2024

Revenue$46,395
Expenses$73,696
Net Income-$27,301
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,900,980
Liabilities
$2,072,356
Net assets
-$171,376
Revenue
$46,395
Expenses
$73,696
Net income
-$27,301
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.90$2.07$0.17$0.05$0.07$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.05$2.22$0.17$0.34$0.37$0.03
2015Summary only. Only limited summary data is available for this year.$2.08$2.01$0.08$0.48$0.65$0.17
2014Summary only. Only limited summary data is available for this year.$2.23$1.99$0.25$0.62$0.59$0.03
2013Summary only. Only limited summary data is available for this year.$2.08$1.86$0.22$0.53$0.61$0.07
2012Summary only. Only limited summary data is available for this year.$1.97$1.68$0.29$0.67$0.52$0.15
2011Summary only. Only limited summary data is available for this year.$1.93$1.77$0.16$0.61$0.52$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 9, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$46,395
Mission and Program Overview

Mission

The cape fear regional community development corporation is a non-profit 501(c)(3) community-based organization whose mission is providing information, education, and counseling related to homeownership and entrepreneurship to low and moderate income residents of the greater cape fear region and facilitating and administering communicty and economic development programs in cooperation with other community organizations of local units of government.

Housing support to low and moderate income residents in greater cape fear area

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,161,265$1,161,265→ $0
Land, Buildings, and Equipment, Net$25,000$25,000→ $0
Cash and Non-Interest-Bearing Accounts$51,136$23,835▼ $27,301
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-144,075$-171,376▼ $27,301
Total Assets$1,928,281$1,900,980▼ $27,301
Other Assets Total$690,880$690,880→ $0
Liabilities
Other Liabilities$2,072,356$2,072,356→ $0
Total Liabilities$2,072,356$2,072,356→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$-144,075$-171,376▼ $27,301
Total Liabilities and Net Assets / Fund Balance$1,928,281$1,900,980▼ $27,301

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$409,761-
Land$25,000--
Equipment$0$157,356-
Other Assets Org$689,635--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Stanley TurnerExecutive DirectorFT$65,096$65,096

Board Members and Trustees

NameTitle
Inez EasonPresident
Paula HumphreyVice President
Arlene LawsonSecretary/ Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$46,395
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-27,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$41,750
Other Expenses$31,946
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$12,480$12,479-$24,959
Other Salaries and Wages$12,511--$12,511
Insurance$3,117$3,117-$6,234
Payroll Taxes$3,201--$3,201
Office Expenses-$2,696-$2,696
Other Expenses$1,781$5,878-$1,781
Other Employee Benefits$555$524-$1,079
Fees for Services Legal-$400-$400
All Other Expenses$235$160-$395
Advertising$92--$92
Total Functional Expenses$41,405$32,291$0$73,696
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable City of Wilmington$1,161,265
Note Payable Loc Ncdi - Nsp$911,091
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the cpa prepared 990 is reviewed and approved by the full board of directors prior to filing.”

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

“The board of directors continually reviews any projects or programs that could potentially raise conflict of interest concerns for board members and/ or employees.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews and approves all adjustments to salaries of all employees.”

Form 990, Part VI, Section C, Line 18

“AVAILABLE UPON REQUEST.”

Form 990, Part VI, Section C, Line 19

“Documents required to be open for public inspection are available from the organization upon request.”

Form 990-part VII

“The officer compensation presented here is for all of 2024. A portion was deducted on the 2024 form 1120 filed for cape fear regional community development corporation prior to the exempt status being reinstated as of 08/09/2024.”

Filing and Contact Details

Filer

Filer Name
Cape Fear Regional Community Development
EIN
58-1871390
Phone
9107627555
Address
500 COMPTON ST, WILMINGTON, NC 28401

Signing Officer

Name
Stanley L Turner
Title
Executive Director
Phone
9107627555
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stanley L Turner
Formed
1989
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
Earney Accountants & Advisors Pllc
Address
700 MILITARY CUTOFF ROAD SUITE 250, WILMINGTON, NC 28405
Preparer
Adrienne Mckinney CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

Form 990

“Cape fear regional community development corporation regained its exempt status as of august 9, 2024. The beginning balance sheet represents the balance sheet on that date.”

Form 990, Part IX, Line 24E

“Taxes & licenses: program service expenses 0. Management and general expenses 160. Fundraising expenses 0. Total expenses 160. Dues & subscriptions: program service expenses 130. Management and general expenses 0. Fundraising expenses 0. Total expenses 130. Bank charges & fees: program service expenses 105. Management and general expenses 0. Fundraising expenses 0. Total expenses 105.”

Raw XML Appendix345 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1911091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE CITY OF WILMINGTON
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE LOC NCDI - NSP
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0690880
IRS990ScheduleD/TotalLiabilityAmt02072356
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAPE FEAR REGIONAL COMMUNITY DEVELOPMENT CORPORATION REGAINED ITS EXEMPT STATUS AS OF AUGUST 9, 2024. THE BEGINNING BALANCE SHEET REPRESENTS THE BALANCE SHEET ON THAT DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE CPA PREPARED 990 IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS CONTINUALLY REVIEWS ANY PROJECTS OR PROGRAMS THAT COULD POTENTIALLY RAISE CONFLICT OF INTEREST CONCERNS FOR BOARD MEMBERS AND/ OR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL ADJUSTMENTS TO SALARIES OF ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS REQUIRED TO BE OPEN FOR PUBLIC INSPECTION ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE OFFICER COMPENSATION PRESENTED HERE IS FOR ALL OF 2024. A PORTION WAS DEDUCTED ON THE 2024 FORM 1120 FILED FOR CAPE FEAR REGIONAL COMMUNITY DEVELOPMENT CORPORATION PRIOR TO THE EXEMPT STATUS BEING REINSTATED AS OF 08/09/2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TAXES & LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 160. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 130. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 130. BANK CHARGES & FEES: PROGRAM SERVICE EXPENSES 105. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01928281
IRS990/TotalAssetsEOYAmt01900980
IRS990/TotalAssetsGrp/BOYAmt01928281
IRS990/TotalAssetsGrp/EOYAmt01900980
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032291
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041405
IRS990/TotalFunctionalExpensesGrp/TotalAmt073696
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02072356
IRS990/TotalLiabilitiesEOYAmt02072356
IRS990/TotalLiabilitiesGrp/BOYAmt02072356
IRS990/TotalLiabilitiesGrp/EOYAmt02072356
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-144075
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-171376
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt041405
IRS990/TotalProgramServiceRevenueAmt046395
IRS990/TotalReportableCompFromOrgAmt065096
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt046395
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt046395
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01928281
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01900980
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 COMPTON STREET
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028401
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.CFRCDC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STANLEY L TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09107627555
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAPE FEAR REGIONAL COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CAPE
ReturnHeader/Filer/EIN0581871390
ReturnHeader/Filer/PhoneNum09107627555
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 COMPTON ST
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561719839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EARNEY ACCOUNTANTS & ADVISORS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 MILITARY CUTOFF ROAD SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028405
ReturnHeader/PreparerPersonGrp/PhoneNum09102569995
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADRIENNE MCKINNEY CPA
ReturnHeader/ReturnTs02025-10-28T07:46:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-08-09
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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