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Nonprofiteer
← CAHEC CAPITAL INC

Form 990 for tax year 2023

Filed by CAHEC CAPITAL INC.

Totals

Total revenue
$575,272
Total expenses
$507,238
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$575,272
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,176,147
Total liabilities, end of year
$6,233,167
Net assets or fund balances, end of year
$2,942,980
Program services expenses (Part IX)
$488,861
Management and general expenses
$18,377
Fundraising expenses
$0
Program service expenses (Part III)
$488,861

Program services were 96.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Robert Landis

    Sr. Vice President/Director

    Total calculated
    $371,480
    From this org
    $0
    From related orgs
    $325,416
    Other
    $46,064
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,541 related
    Bonus
    $0 + $90,875 related
    Other
    $0
    Deferred
    $0 + $26,975 related
    Nontaxable benefits
    $0 + $19,089 related
    Filer's total
    $0 + $371,480 related

  • Caitlin Gossens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joel Brockmann

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Earn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Kennedy

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Dana Boole

    President and CEO

    Total calculated
    $761,569
    From this org
    $0
    From related orgs
    $711,930
    Other
    $49,639
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,263 related
    Bonus
    $0 + $253,244 related
    Other
    $0 + $19,423 related
    Deferred
    $0 + $31,684 related
    Nontaxable benefits
    $0 + $17,955 related
    Filer's total
    $0 + $761,569 related

  • Erin Griffin

    Secretary/Treasurer

    Total calculated
    $348,989
    From this org
    $0
    From related orgs
    $313,130
    Other
    $35,859
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,880 related
    Bonus
    $0 + $88,250 related
    Other
    $0
    Deferred
    $0 + $19,025 related
    Nontaxable benefits
    $0 + $16,834 related
    Filer's total
    $0 + $348,989 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
THE BOARD OF COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION (CAHEC), THE CONTROLLING ENTITY, USES A TALENT MANAGEMENT COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY, AND BOARD APPROVAL COMMITTEE TO ESTABLISH COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CAHEC HOLDINGS LLC

    C Corporation · FURTHER CHARITABLE PURPOSES OF CAHEC · NC

    Directly controlled by NA

  • CAHEC ENERGY LLC

    C Corporation · TO PROMOTE SELF-SUFFCIENCY FROM RENEWABLE ENERGIES · NC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
30 September 2024
IRS schema version
2023v5.1
Source object
202422739349300112

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