Public Charity

COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION

COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION is a nonprofit organization categorized as Public Charity based in RALEIGH, NC. Its most recent IRS filing (2025) reports revenue of $15.7M, expenses of $17.3M, total assets of $25.1M. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $467K.

EIN: 561805915 RALEIGH, NC Housing & Shelter N.E.C. NTEE: L99 Latest filing: 2025
Total Revenue$15.7M
Total Expenses$17.3M
Total Assets$25.1M
Grant Records2
Funding Total$467K
Filing Years2021–2025

Mission

CAHEC'S PRIMARY MISSION IS TO RAISE CAPITAL TO FINANCE THE DEVELOPMENT OF AFFORDABLE MULTI-FAMILY RENTAL HOUSING UNDER THE PROVISIONS OF THE FEDERAL LOW-INCOME HOUSING TAX CREDIT PROGRAM (SECTION 42 OF IRC); AND MAKE AVAILABLE AN ARRAY OF SUPPORTIVE SERVICE INITIATIVES.

Where $100 goes at Community Affordable Housing Equity Corporation

How Community Affordable Housing Equity Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$92 Programs the work itself
$8 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $92 for programs

$87
Cahec raises and invests equity capital in qualified low-income housing tax credit and other tax credit products
94% of program spending · Reported in the filing: 1,650 units
$5
In 2025, cahec's community investments totaled $895,454 to residents, communities, developments, and organizations
6% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Andrew Bowden
CHAIRMAN OF THE BOARD Anne Conner
DIRECTOR, FINANCE Brenda Keely
DIRECTOR, COMMUNITY CAPITAL Brian Oxford
PRESIDENT AND CEO Dana Boole
CHIEF FINANCIAL OFFICER Erin Griffin

Officer compensation and complete director data available with membership.

Top Grant Purposes

Religion & Spirituality
$442,000 1 grant
General Support
$25,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $15.7M $17.3M $25.1M
2024 $17.8M $17.0M $28.3M
2023 $10.2M $14.7M $29.9M
2022 $13.3M $13.8M $32.5M
2021 $11.3M $11.6M $30.2M

Between 2021 and 2025, reported annual revenue grew from $11.3M to $15.7M (+39%), with total assets most recently reported at $25.1M.

Interactive year-over-year charts and full filing details available with membership.

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