Form 990 for tax year 2022

Totals

Total revenue

$352,952

Total expenses

$297,436

Contributions and grants received

$342,246

Grants paid

$30,000

Program service revenue

$10,216

Investment income

$490

Other revenue

$0

Total assets, end of year

$407,206

Total liabilities, end of year

$176,340

Net assets or fund balances, end of year

$230,866

Program services expenses (Part IX)

$240,919

Management and general expenses

$56,517

Fundraising expenses

$0

Program service expenses (Part III)

$240,919

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• Advocacy/Public Policy: Guided by proactive and engaged low-income residents, NCACED is pursuing equitable development strategies through land use management and other policy changes that will increase and protect price-appropriate housing for struggling working families, create safer, more appealing streets and downtowns, enlarge access to healthy foods, enhance public health and environmental stewardship, and improve jobs and transportation services. NNCACED seeks to promote and expand resident participation in meaningful, powerful and representative civic engagement activities. As a result of NCACEDs programmatic efforts, increased low-income resident involvement in key community change activities has been achieved. By recognizing the value added low-wealth residents brought to the table with their informed comments about their neighborhoods, city officials and neighborhood residents began working together in an effective partnership to reach a shared goal.

  Expenses $101,883 · Grants $101,883

• Since its inception, NCACED has been working to strengthen communities and increase economic opportunities. In a historically distressed community experiencing significant economic recovery and transformation, NCACED is focused on a comprehensive strategy that encompasses place-based improvements to racially segregated disinvested neighborhoods and approaches to improve health outcomes for those who experience the greatest health disparities. As the region works to generate positive economic impact, NCACED has structured a community-driven model capable of replication elsewhere to guide one citys transformation in equitable development directions. NCACED supports the notion that those most impacted by the problems confronting our communities must be at the center of change efforts. NCACEDs model provides resident-level education and leadership development services, with the goal of expanding individual capacities and enhancing community

  Expenses $73,662 · Grants $73,662

• Coronavirus Recovery: Since the spread of the pandemic has increased unemployment and poverty, worsened housing instability and homelessness through increases in foreclosures and evictions, exacerbated food insecurity and caused widespread infections and other health related problems in economically strapped regions like Eastern NC, NCACED has worked to ensure that state and federal resources aided low-incomes renters and homeowners remain in their homes and stay safe from the health and financial impacts of COVID-19.

  Expenses $65,374 · Grants $65,374

As filed on the 2022 return.

Listed in Part VII

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.

Grants on this return

• Rocky Mount OIC Inc

  $30,000

  Assist Community Priority Recovery Fund

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.

• Rocky MountEdgecombe CDC

  501c3 · Community Development · NC

Provenance

Return type

form_990

Tax year

2022

Filed

23 January 2023

IRS schema version

2022v4.1

Source object

202310549349300741

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