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 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.

Where $100 goes at North Carolina Community Development Initiative Inc

How North Carolina Community Development Initiative Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$71 Programs the work itself
$28 Management running the organization
$1 Fundraising raising the next dollar

Inside the $71 for programs

$71
The "initiative" allocations to grantees are based on the local community development corporation's ability to provide services
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2020. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

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 Support
$176,500 3 grants
Human & Social 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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