Public Charity

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE INC

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE INC is a Public Charity headquartered in DURHAM, NC. Financial data from the 2020 filing: $258K revenue, $611K expenses. 5 publicly reported grants to this organization, totaling roughly $274K, appear in IRS filings.

EIN: 561845590 DURHAM, NC General Support NTEE: DEFAULT Latest filing: 2020
Total Revenue$258K
Total Expenses$611K
Grant Records5
Funding Total$274K
Filing Years2017–2020

Mission

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE IS A STATEWIDE PUBLIC- PRIVATE PARTNERSHIP THAT PROVIDES LEADERSHIP AND CAPITAL INVESTMENT TO HIGH-PERFORMANCE COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) AS WELL AS OTHER COMMINITY BASED ECONOMIC DEVELOPMENT ENDEAVORS, (I.E. SOCIAL ENTERPRISES) TO IMPROVE THE WELL BEING AND QUALITY OF LIFE FOR PEOPLE IN LOW RESOURCE COMMUNITIES.

Officers & Directors

CFO Angela Poole
CHAIRMAN James Speed
BOARD MEMBER Jeanne Tedrow
SECRETARY Joanna Leclair
BOARD MEMBER Karla Haynes
PRESIDENT/CE Kevin J Price

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL PURPOSE
$176,500 3 grants
HUMAN SERVICES
$97,356 2 grants

Financial Trends

Year Revenue Expenses Assets
2020 $258K $611K
2019 $2.5M $3.3M $7.9M
2018 $3.9M $1.7M $11.2M
2017 $5.0M $3.1M $9.2M

Between 2017 and 2020, reported annual revenue declined from $5.0M to $258K (-95%).

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

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