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Nonprofiteer
← BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,887,519
Total expenses
$1,883,714
Contributions and grants received
$1,358,458
Grants paid
$0
Program service revenue
$262,504
Investment income
$266,557
Other revenue
$0
Total assets, end of year
$3,862,202
Total liabilities, end of year
$2,957,274
Net assets or fund balances, end of year
$904,928
Program services expenses (Part IX)
$1,461,062
Management and general expenses
$422,652
Fundraising expenses
$0
Program service expenses (Part III)
$1,461,062

Program services were 77.6% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,217,540

  • 1f · All other contributions, gifts and grants

    $140,918

  • 2a · Program service revenue: SUPPORTIVE HOUSING

    total $261,766 · related or exempt $261,766

  • 2b · Program service revenue: PROGRAM SERVICE REV.

    total $738 · related or exempt $738

  • 3 · Investment income

    total $1,167 · excluded $1,167

  • 7a · Gross sales of assets other than inventory

    other assets $500,994

  • 7b · Less cost or other basis and sales expenses

    other assets $235,604

  • 7c · Gain or loss

    other assets $265,390

  • 7d · Net gain or loss

    total $265,390 · excluded $265,390

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,000 · program services $62,798 · management and general $17,202

  • 7 · Other salaries and wages

    total $497,172 · program services $390,271 · management and general $106,901

  • 9 · Other employee benefits

    total $32,061 · program services $28,203 · management and general $3,858

  • 10 · Payroll taxes

    total $55,634 · program services $44,438 · management and general $11,196

  • 11b · Fees: legal

    total $16,248 · program services $14,252 · management and general $1,996

  • 11c · Fees: accounting

    total $10,900 · program services $9,561 · management and general $1,339

  • 11g · Fees: other

    total $7,132 · program services $6,256 · management and general $876

  • 12 · Advertising and promotion

    total $4,401 · program services $1,378 · management and general $3,023

  • 13 · Office expenses

    total $26,873 · program services $20,428 · management and general $6,445

  • 14 · Information technology

    total $20,708 · program services $5,458 · management and general $15,250

  • 17 · Travel

    total $27,396 · program services $21,369 · management and general $6,027

  • 20 · Interest

    total $79,754 · program services $27,207 · management and general $52,547

  • 22 · Depreciation, depletion and amortization

    total $136,558 · program services $19,118 · management and general $117,440

  • 23 · Insurance

    total $29,243 · program services $518 · management and general $28,725

  • 24a · Other expenses: RENT ASSISTANCE

    total $624,461 · program services $624,461

  • 24b · Other expenses: REPAIRS & MAINT.

    total $79,493 · program services $56,610 · management and general $22,883

  • 24c · Other expenses: UTILITIES

    total $69,731 · program services $61,341 · management and general $8,390

  • 24d · Other expenses: MISCELLANEOUS

    total $34,460 · program services $26,879 · management and general $7,581

  • 24e · All other expenses

    total $51,489 · program services $40,516 · management and general $10,973

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,009 · end of year $92,679

  • 2 · Savings and temporary cash investments

    beginning of year $5,974

  • 4 · Accounts receivable

    beginning of year $9,953 · end of year $42,917

  • 10a · Land, buildings and equipment: cost or other basis

    $4,775,756

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,103,366

  • 10c · Land, buildings and equipment, net

    beginning of year $3,495,172 · end of year $3,672,390

  • 15 · Other assets

    beginning of year $59,182 · end of year $54,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,287 · end of year $316,879

  • 23 · Secured mortgages and notes payable

    beginning of year $1,719,116 · end of year $2,578,063

  • 25 · Other liabilities

    beginning of year $111,636 · end of year $62,332

  • 27 · Net assets without donor restrictions

    beginning of year $1,697,251 · end of year $904,928

Mission and programs · 2024

Mission

THE ORGANIZATION, TOGETHER WITH PUBLIC AND PRIVATE INVESTORS, PROVIDES AFFORDABLE HOUSING, HOUSING COUNSELING, EDUCATION, AND COMMUNITY, HUMAN, AND ECONOMIC DEVELOPMENT TO IMPROVE THE QUALITY OF LIFE IN LEE AND SURROUNDING COUNTIES OF NC.

  • INCREASED THE AVAILABILITY OF MODERATELY PRICED HOUSING FOR THE LOW TO MODERATE INCOME CITIZENS OF LEE AND SURROUNDING COUNTIES. INCREASED HOUSING COUNSELING ACTIVITY FOR FIRST-TIME HOMEBUYERS.

    Expenses $1,461,062 · Revenue $262,504

As filed on the 2024 return.

Listed in Part VII

  • Bill Wilson

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brenda Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brenda Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James French

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry McMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelley Dubois

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Iglesias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carson Lanier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Murchison

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Kerry Bashaw

    EXECUTIVE DIRECTOR

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202532869349300943

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