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← COMMUNITY REVITALIZATION AND RESERVATION CORPORATION

Form 990 for tax year 2023

Filed by COMMUNITY REVITALIZATION AND RESERVATION CORPORATION.

Totals

Total revenue
$10,285,870
Total expenses
$12,301,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,605,498
Investment income
$397,340
Other revenue
$283,032
Total assets, end of year
$60,297,416
Total liabilities, end of year
$54,071,142
Net assets or fund balances, end of year
$6,226,274
Program services expenses (Part IX)
$10,089,187
Management and general expenses
$2,212,562
Fundraising expenses
$0
Program service expenses (Part III)
$10,089,187

Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Betsy Rozakis

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Chico Scott

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Gordon Grubb

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jordan Maness

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Tyler Craft

    Chair

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Natalie Britt

    SVP

    Total calculated
    $213,169
    From this org
    $0
    From related orgs
    $176,670
    Other
    $36,499
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,670 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $26,653 related
    Nontaxable benefits
    $0 + $9,846 related
    Filer's total
    $0 + $213,169 related

  • Sharon Lorden

    SVP/CFO

    Total calculated
    $230,913
    From this org
    $0
    From related orgs
    $189,905
    Other
    $41,008
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,905 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $28,744 related
    Nontaxable benefits
    $0 + $12,264 related
    Filer's total
    $0 + $230,913 related

  • William Ward

    VP/Treasurer

    Total calculated
    $166,198
    From this org
    $0
    From related orgs
    $137,564
    Other
    $28,634
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,564 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $20,997 related
    Nontaxable benefits
    $0 + $7,637 related
    Filer's total
    $0 + $166,198 related

  • Yolanda Winstead

    President

    Total calculated
    $295,438
    From this org
    $0
    From related orgs
    $244,426
    Other
    $51,012
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,426 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $37,363 related
    Nontaxable benefits
    $0 + $13,649 related
    Filer's total
    $0 + $295,438 related

  • Atinuke Diver

    VP of Resource Development

    Total calculated
    $153,947
    From this org
    $0
    From related orgs
    $133,350
    Other
    $20,597
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,600 related
    Bonus
    $0 + $9,750 related
    Other
    $0
    Deferred
    $0 + $11,124 related
    Nontaxable benefits
    $0 + $9,473 related
    Filer's total
    $0 + $153,947 related

  • Joseph Omozokpea

    Senior Project Manager

    Total calculated
    $131,232
    From this org
    $0
    From related orgs
    $106,473
    Other
    $24,759
    Hours/week
    0.5 + 40 related

  • Kayla Rosenburg

    Senior Project Manager

    Total calculated
    $143,865
    From this org
    $0
    From related orgs
    $118,974
    Other
    $24,891
    Hours/week
    0.5 + 40 related

  • Sheila Porter

    Assistant Secretary

    Total calculated
    $164,470
    From this org
    $0
    From related orgs
    $131,368
    Other
    $33,102
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,368 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $19,491 related
    Nontaxable benefits
    $0 + $13,611 related
    Filer's total
    $0 + $164,470 related

  • Skip Jackson

    Director

    Total calculated
    $129,567
    From this org
    $0
    From related orgs
    $102,833
    Other
    $26,734
    Hours/week
    0.5 + 40 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 1b 1
NONE OF THE BENEFITS WERE PROVIDED.

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.

Disregarded entities

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

  • HIGHLAND TERRACE LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$172,338 · assets $5,899,097

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • SANTREE COMMONS LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$23,944 · assets $646,233

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • bay river housing llc

    coNSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$37,468 · assets $776,982

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Ripley Station Housing LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$59,800 · assets $1,666,811

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • SEDGEBROOK HOUSING LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$3,059 · assets $803,980

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • AVONLEA HOUSING LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$199,523 · assets $1,247,373

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • MURPHEY SCHOOL LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$45,798 · assets $1,239,740

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • JEFFRIES RIDGE LLC

    Rental Housing Project under Section 221(d)4 of the National Housing Act · NC · income -$33,874 · assets $494,191

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • COLLEGE PARK COLLABORATIVE LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$5,627 · assets $198,590

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Carlton Place Development LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$52,146 · assets $6,426,664

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Prairie LLC

    cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$37,185 · assets $921,198

    Directly controlled by cOMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Beechridge LLC

    cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$26,593 · assets $4,152,364

    Directly controlled by cOMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • BRAEBOURNE HOUSING LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$2,320 · assets $5,279,197

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Cardinal Chase Development LLC

    cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$78,335 · assets $2,758,867

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Lennox Chase Development LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$101,587 · assets $1,883,650

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Creston Commons II LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$245,458 · assets $0

    Directly controlled by ComMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Creston Commons LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$311,378 · assets $0

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • The Commons at Highland LLC

    cONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$63,391 · assets $4,039,394

    Directly controlled by cOMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • MACGREGOR HOUSING I LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$51,364 · assets $2,382,903

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Tryon Grove LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$62,168 · assets $1,603,401

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Highland Village Housing LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$133,814 · assets $3,691,548

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Wakefield Affordable Housing LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$119,603 · assets $6,219,460

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

  • Wakefield Manor LLC

    CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT · NC · income -$149,106 · assets $7,270,264

    Directly controlled by COMMUNITY REVITALIZATION AND PRESERVATION CORPORATION

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.

Provenance

Return type
form_990
Tax year
2023
Filed
16 November 2024
IRS schema version
2023v5.1
Source object
202433209349328818

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