Public Charity

SER Development I Inc (4598-SO1)

Based in Raleigh, NC, SER Development I Inc (4598-SO1) operates as a Public Charity. The organization reported $881K in revenue, $1.8M in expenses, $19.5M in total assets for fiscal year 2024. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $2.3M.

EIN: 824464493 Raleigh, NC Latest filing: 2024

Total Revenue$881K

Total Expenses$1.8M

Total Assets$19.5M

Grant Records2

Funding Total$2.3M

Filing Years2020–2024

Mission

SER Development I, Inc. was organized for the exclusive purpose of holding a title to a parcel of real property located at 1436 Rock Quarry Road, Raleigh, NC 27610, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the Young Men's Christian Association of the Triangle Area, Inc. The organization developed, constructed and equipped and leased the development project for use as a YMCA facility, which includes a wellness center, parking lot, gymnasium, outdoor swimming pool, exercise studios, and other athletic and recreational amenities.

Sample Grants Received

The Young Men's Christian Association of the Triangle Area Inc (4598)

2018

Provide cash to SER Development, an entity formed solely for the purpose of a new market tax credit arrangement

$5,000

The Young Men's Christian Association of the Triangle Area Inc (4598)

2017

Provide cash and ground lease to SER Development, an entity formed solely for the purpose of an New Market Tax Credit arrangement

$2,273,888

Showing up to 5 of 2 total records — full history available with membership.

Officers & Directors

SECRETARY Johnny Tillett

MEMBER Lacy Presnell

CHAIR & PRESIDENT Lisa Martin

TREASURER Page Allen

VICE CHAIR Richard Boyette

Officer compensation and complete director data available with membership.

Top Grant Purposes

Provide cash and ground lease to SER Development, an entity formed solely for the purpose of an New Market Tax Credit arrangement

$2,273,888 1 grant

Provide cash to SER Development, an entity formed solely for the purpose of a new market tax credit arrangement

$5,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2024	$881K	$1.8M	$19.5M
2023	$881K	$1.8M	$20.2M
2022	$881K	$1.9M	$20.9M
2021	$938K	$2.0M	$21.8M
2020	$961K	$1.1M	$22.7M

Between 2020 and 2024, reported annual revenue declined from $961K to $881K (-8%), with total assets most recently reported at $19.5M.

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

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