Mission
Acquires, develops, constructs, rehabilitates, preserves, maintains, owns, operates, finances, and otherwise fosters and supports, directly or indirectly, decent, safe, and sanitary housing for low-income persons.
Public Charity
CAHEC Properties Corporation
CAHEC Properties Corporation is a Public Charity headquartered in Raleigh, NC. Financial data from the 2024 filing: $3.5M revenue, $1.5M expenses, $19.3M total assets. 1 publicly reported grants to this organization, totaling roughly $15K, appear in IRS filings.
EIN: 562217808
Raleigh, NC
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$3.5M
Total Expenses$1.5M
Total Assets$19.3M
Grant Records1
Funding Total$15K
Filing Years2020–2024
Where $100 goes at CAHEC Properties Corporation
How CAHEC Properties Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$100
Programs
the work itself
<$1
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 $100 for programs
$100
Assists in low income housing/historic tax credit properties that are distressed for financial/managerial reasons in which community affordable housing equity corporation (cahec - parent company) sponsored equity funds…
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
Active Lifestyle Grant
$15,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
Vice President
Andrea Wolford
President
Dana Boole
Treasurer
Erin Griffin
Vice President and Secretary
George Baker
Board Member
Margaret Penn
Development Finance Manager
Matthew Verboon
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $3.5M | $1.5M | $19.3M |
| 2023 | $2.6M | $1.4M | $15.1M |
| 2022 | $2.1M | $929K | $15.7M |
| 2021 | $634K | $658K | $13.9M |
| 2020 | $1.3M | $1.3M | $14.0M |
Between 2020 and 2024, reported annual revenue grew from $1.3M to $3.5M (+163%), with total assets most recently reported at $19.3M.
Interactive year-over-year charts and full filing details available with membership.