Form 990 for tax year 2024

Totals

Total revenue

$281,906

Total expenses

$262,058

Contributions and grants received

$272,122

Grants paid

$0

Program service revenue

$9,784

Investment income

$0

Other revenue

$0

Total assets, end of year

$462,131

Total liabilities, end of year

$123,125

Net assets or fund balances, end of year

$339,006

Program services expenses (Part IX)

$205,698

Management and general expenses

$56,360

Fundraising expenses

$0

Program service expenses (Part III)

$205,698

Program services were 78.5% 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 · 2024

• 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 $205,698

• Rocky Mount, NC straddles Nash & Edgecombe counties. According to the 2023 County Health Rankings, Edgecombe County ranked 99th out of 100 NC counties regarding health outcomes. On the Edgecombe County side of the City, decades of racial discrimination and current policies that fuel our exclusionary housing market, have resulted in racial patterns of development that lock Blacks into inferior neighborhoods, especially negatively impacting residents health and wellbeing. NCACDC aims to attack a root cause of local health challenges with a focus on residential segregation, including a significant shortage of affordable housing in Rocky Mount. NCACDC has sought to increase Black resident voices at decision-making tables. Our goal is to enlarge self-directed and direct participation opportunities for Black residents to act as leaders who push for real change that produces improvements to their neighborhoods & health. NCACDC works to strengthen the number and skills of residents impacted by housing and health disparities through outreach, contact and coordination of training, education, leadership development and power building sessions for these residents.

• During 2024, the City began implementing planning process to develop a new Comprehensive Plan. The Comprehensive Plan would establish a long-term vision for the Citys future and would identify goals, policies and implementation strategies for achieving that vision. As follow up to an educational workshop NCACDC sponsored during 2024 to build the capacity for low wealth residents to collaborate with City officials in the development of the Plan, Rocky Mount officials recognized the need to address racial equity more comprehensively throughout the planning process. NCACDC facilitated a meeting between low-income neighborhood residents and City officials which included a community-generated presentation entitled Affordable HousingStrategy Recommendations for Rocky Mounts Comprehensive Plan. NCACDC demonstrated planning for equitables communities is possible through deeper participation, especially of communities commonly excluded from democratic voice and power.

As filed on the 2024 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

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.

• Rocky MountEdgecombe CDC

  501c3 · Community Development · NC

Provenance

Return type

form_990

Tax year

2024

Filed

26 January 2025

IRS schema version

2024v5.1

Source object

202541049349301909

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