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← COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION

Form 990 for tax year 2022

Filed by COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION.

Totals

Total revenue
$13,277,781
Total expenses
$13,847,624
Contributions and grants received
$140,000
Grants paid
$185,900
Program service revenue
$13,137,687
Investment income
$94
Other revenue
$0
Total assets, end of year
$32,501,366
Total liabilities, end of year
$5,661,590
Net assets or fund balances, end of year
$26,839,776
Program services expenses (Part IX)
$12,637,213
Management and general expenses
$1,210,411
Fundraising expenses
$0
Program service expenses (Part III)
$12,637,213

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREW BOWDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RACHEL RYAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNE CONNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM TURNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERRY BIBLEHEIMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEITH NISBET

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • SCOTT SELIG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATE BARBER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN RUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARGARET PENN

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DANA BOOLE

    PRESIDENT AND CEO

    Total calculated
    $666,817
    From this org
    $623,532
    From related orgs
    $0
    Other
    $43,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $422,062
    Bonus
    $185,078
    Other
    $16,392
    Deferred
    $15,250
    Nontaxable benefits
    $28,035
    Filer's total
    $666,817

  • ROBERT LANDIS

    SR VICE PRESIDENT

    Total calculated
    $333,175
    From this org
    $301,612
    From related orgs
    $0
    Other
    $31,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,362
    Bonus
    $77,250
    Other
    $0
    Deferred
    $11,776
    Nontaxable benefits
    $19,787
    Filer's total
    $333,175

  • ERIN GRIFFIN

    VICE PRESIDENT

    Total calculated
    $317,602
    From this org
    $292,211
    From related orgs
    $0
    Other
    $25,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,211
    Bonus
    $77,000
    Other
    $0
    Deferred
    $7,825
    Nontaxable benefits
    $17,566
    Filer's total
    $317,602

  • WILLIAM MAYO

    VICE PRESIDENT

    Total calculated
    $327,661
    From this org
    $285,072
    From related orgs
    $0
    Other
    $42,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,072
    Bonus
    $77,000
    Other
    $0
    Deferred
    $14,554
    Nontaxable benefits
    $28,035
    Filer's total
    $327,661

  • SONYA PREAR

    VICE PRESIDENT

    Total calculated
    $291,100
    From this org
    $250,435
    From related orgs
    $0
    Other
    $40,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,185
    Bonus
    $64,250
    Other
    $0
    Deferred
    $12,630
    Nontaxable benefits
    $28,035
    Filer's total
    $291,100

  • GEORGE BAKER

    VP, CAHEC PROPERTIES CORPORATION

    Total calculated
    $247,505
    From this org
    $216,754
    From related orgs
    $0
    Other
    $30,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,754
    Bonus
    $30,000
    Other
    $0
    Deferred
    $10,964
    Nontaxable benefits
    $19,787
    Filer's total
    $247,505

  • MARCUS GIPNER

    MANAGER, FUND DEVELOPMENT

    Total calculated
    $270,333
    From this org
    $237,723
    From related orgs
    $0
    Other
    $32,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,223
    Bonus
    $69,500
    Other
    $0
    Deferred
    $4,575
    Nontaxable benefits
    $28,035
    Filer's total
    $270,333

  • BRIAN OXFORD

    MANAGER, COMMUNITY CAPITAL

    Total calculated
    $260,136
    From this org
    $221,796
    From related orgs
    $0
    Other
    $38,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,296
    Bonus
    $61,500
    Other
    $0
    Deferred
    $10,305
    Nontaxable benefits
    $28,035
    Filer's total
    $260,136

  • AMY MALLORY

    MANAGER, FUND MANAGEMENT

    Total calculated
    $250,524
    From this org
    $219,708
    From related orgs
    $0
    Other
    $30,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,208
    Bonus
    $61,500
    Other
    $0
    Deferred
    $11,029
    Nontaxable benefits
    $19,787
    Filer's total
    $250,524

  • KATHERINE HAMMER

    MANAGER, ACQUISITIONS

    Total calculated
    $190,417
    From this org
    $165,146
    From related orgs
    $0
    Other
    $25,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,396
    Bonus
    $50,750
    Other
    $0
    Deferred
    $6,698
    Nontaxable benefits
    $18,573
    Filer's total
    $190,417

  • NANCY PEARCE

    RISK MANAGER

    Total calculated
    $176,198
    From this org
    $148,870
    From related orgs
    $0
    Other
    $27,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,870
    Bonus
    $26,000
    Other
    $0
    Deferred
    $7,541
    Nontaxable benefits
    $19,787
    Filer's total
    $176,198

  • BRITNI EDWARDS-GRIMES

    ACQUISITIONS MANAGER

    Total calculated
    $188,811
    From this org
    $162,779
    From related orgs
    $0
    Other
    $26,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,279
    Bonus
    $45,500
    Other
    $0
    Deferred
    $8,353
    Nontaxable benefits
    $17,679
    Filer's total
    $188,811

  • REBECCA DAWES

    MANAGER, ASSET MANAGEMENT

    Total calculated
    $169,821
    From this org
    $152,779
    From related orgs
    $0
    Other
    $17,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,979
    Bonus
    $36,800
    Other
    $0
    Deferred
    $5,143
    Nontaxable benefits
    $11,899
    Filer's total
    $169,821

  • BRENDA KEELY

    MANAGER, FINANCE

    Total calculated
    $171,309
    From this org
    $144,246
    From related orgs
    $0
    Other
    $27,063
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,846
    Bonus
    $18,400
    Other
    $0
    Deferred
    $7,276
    Nontaxable benefits
    $19,787
    Filer's total
    $171,309

  • STEVEN YEARY

    CONSTRUCTION MANAGER

    Total calculated
    $159,557
    From this org
    $142,524
    From related orgs
    $0
    Other
    $17,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,524
    Bonus
    $25,000
    Other
    $0
    Deferred
    $6,140
    Nontaxable benefits
    $10,893
    Filer's total
    $159,557

  • JONATHAN CYRUS

    MANAGER, TRANSITIONAL ASSE

    Total calculated
    $146,641
    From this org
    $135,748
    From related orgs
    $0
    Other
    $10,893
    Hours/week
    40

  • JOSEPH ERDELYI

    MANAGER, RISK MANAGEMENT

    Total calculated
    $194,766
    From this org
    $175,402
    From related orgs
    $0
    Other
    $19,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,152
    Bonus
    $37,250
    Other
    $0
    Deferred
    $8,471
    Nontaxable benefits
    $10,893
    Filer's total
    $194,766

  • SADIE NOTT

    ACQUISITIONS MANAGER

    Total calculated
    $157,316
    From this org
    $131,825
    From related orgs
    $0
    Other
    $25,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,025
    Bonus
    $28,800
    Other
    $0
    Deferred
    $5,704
    Nontaxable benefits
    $19,787
    Filer's total
    $157,316

  • AMY CROSS

    MANAGER, COMMUNICATIONS

    Total calculated
    $134,814
    From this org
    $118,026
    From related orgs
    $0
    Other
    $16,788
    Hours/week
    40

  • IRISH FARMER

    ASSET MANAGER

    Total calculated
    $128,753
    From this org
    $112,266
    From related orgs
    $0
    Other
    $16,487
    Hours/week
    40

  • BONNIE GRAVITTE

    ASSET MANAGER

    Total calculated
    $138,016
    From this org
    $121,087
    From related orgs
    $0
    Other
    $16,929
    Hours/week
    40

  • PARISA FORD

    RISK MANAGER

    Total calculated
    $131,627
    From this org
    $114,991
    From related orgs
    $0
    Other
    $16,636
    Hours/week
    40

  • KATHY MCKINLEY

    MANAGER, HUMAN RESOURCES

    Total calculated
    $134,893
    From this org
    $118,070
    From related orgs
    $0
    Other
    $16,823
    Hours/week
    40

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CAHEC BUILDING CORPORATION

    501(C)(2) · HOLDS TITLE TO PROPERTY · NC

    Directly controlled by CAHEC

  • CAHEC PROPERTIES CORPORATION

    501(C)(3) · ASSISTS FINANCIAL CAHEC SPONSORED EQUITY FUNDS · NC

    Directly controlled by CAHEC

  • CAHEC FOUNDATION

    501(C)(3) · FURTHERS THE CHARITABLE PURPOSES OF CAHEC · NC

    Directly controlled by CAHEC

  • CAHEC CAPITAL INC

    501(C)(3) · PROVIDES COMMUNITY DEVELOPMENT FINANCING FOR AFFORDABLE HOUSING PROJECTS · NC

    Directly controlled by CAHEC

  • CAHEC MANAGEMENT INC

    501(C)(3) · SERVES AS PROPERTY MANAGER OF ALL CMI MANAGED PROPERTIES · NC

    Directly controlled by CAHEC

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CAHEC FUND GP LLC

    FURTHERS THE CHARITABLE PURPOSES OF CAHEC · NC · income $2 · assets $7,959,020

    Directly controlled by CAHEC

  • HIGHLAND PARK MILL SCP LLC

    INVESTS IN LOW INCOME RESIDENTIAL HOUSING · NC · income -$381 · assets $17,767

    Directly controlled by CAHEC

  • CAHEC MM LLC

    FURTHERS THE CHARITABLE PURPOSES OF CAHEC · NC · income $1,358,133 · assets $10,808,267

    Directly controlled by CAHEC PROPERTIES

  • CAHEC PRESERVATION LLC

    FURTHERS THE CHARITABLE PURPOSES OF CAHEC · NC · income $122,760 · assets $3,150,474

    Directly controlled by CAHEC PROPERTIES

  • CAHEC DEVELOPMENT LLC

    FURTHERS THE CHARITABLE PURPOSES OF CAHEC · NC · income -$336,412 · assets $276,351

    Directly controlled by CAHEC PROPERTIES

  • CAHEC RESTORATION LLC

    FINANCIALLY/MANAGERIALLY ASSISTS DISTRESSED PROPERTIES SPONSORED BY CAHEC · NC · income -$157,043 · assets $4,394,727

    Directly controlled by CAHEC

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 · FURTHERS CHARITABLE PURPOSES OF CAHEC · NC · 100% owned · share of income -$4,754 · share of assets $28,543

    Directly controlled by CAHEC

  • CAHEC ENERGY LLC

    C · PROMOTES SELF-SUFFCIENCY FROM RENEWABLE ENERGIES · NC · 100% owned · share of income -$3,596 · share of assets $145,658

    Directly controlled by CAHEC

Provenance

Return type
form_990
Tax year
2022
Filed
11 August 2023
IRS schema version
2022v5.0
Source object
202322269349302652

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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