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CAHEC PROPERTIES CORPORATION

EIN 56-2217808 RALEIGH, NC

Revenue 2024
$3,499,876
Expenses 2024
$1,525,515

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L20
Classification
1000
Street
7700 FALLS OF NEUSE RD STE 200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

5 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 200). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

Acquires, develops, constructs, rehabilitates, preserves, maintains, owns, operates, finances, and otherwise fosters and supports, directly or indirectly, decent, safe, and sanitary housing for low-income persons.

Activities or mission (Part I)

Fosters and supports decent, safe, and sanitary housing for low-income persons via preservation and ownership of low income communities.

  • ASSISTS IN LOW INCOME HOUSING/HISTORIC TAX CREDIT PROPERTIES THAT ARE DISTRESSED FOR FINANCIAL/MANAGERIAL REASONS IN WHICH COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION (CAHEC - PARENT COMPANY) SPONSORED EQUITY FUNDS MADE AN INVESTMENT.

    Expenses $1,525,515 · Revenue $3,467,500

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Dana Boole

    President

    Total calculated
    $754,867
    From this org
    $0
    From related orgs
    $705,268
    Other
    $49,599
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,643 related
    Bonus
    $0 + $187,544 related
    Other
    $0 + $69,081 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $15,099 related
    Filer's total
    $0 + $754,867 related
  • Erin Griffin

    Treasurer

    Total calculated
    $401,477
    From this org
    $0
    From related orgs
    $343,478
    Other
    $57,999
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,978 related
    Bonus
    $0 + $106,500 related
    Other
    $0
    Deferred
    $0 + $30,238 related
    Nontaxable benefits
    $0 + $27,761 related
    Filer's total
    $0 + $401,477 related
  • George Baker

    Vice President and Secretary

    Total calculated
    $310,871
    From this org
    $270,108
    From related orgs
    $0
    Other
    $40,763
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $216,108
    Bonus
    $54,000
    Other
    $0
    Deferred
    $21,343
    Nontaxable benefits
    $19,420
    Filer's total
    $310,871
  • Robert Landis

    Vice President

    Total calculated
    $263,999
    From this org
    $0
    From related orgs
    $238,694
    Other
    $25,305
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,319 related
    Bonus
    $0 + $32,375 related
    Other
    $0
    Deferred
    $0 + $10,901 related
    Nontaxable benefits
    $0 + $14,404 related
    Filer's total
    $0 + $263,999 related
  • Margaret Penn

    Board Member

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Robert Nettles

    Board Member

    Total calculated
    $0
    Hours/week
    0.3 + 1 related
  • Andrea Wolford

    Vice President

    Total calculated
    $143,877
    From this org
    $114,909
    From related orgs
    $0
    Other
    $28,968
    Hours/week
    40 + 0.3 related
  • Matthew Verboon

    Development Finance Manager

    Total calculated
    $144,383
    From this org
    $131,234
    From related orgs
    $0
    Other
    $13,149
    Hours/week
    40 + 0.3 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $3,499,876
    Expenses
    $1,525,515
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $2,623,721
    Expenses
    $1,409,005
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $2,072,247
    Expenses
    $928,848
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $633,973
    Expenses
    $658,416
    Assets (EOY)
    $13,931,398
  • 2020 · 990

    Revenue
    $1,328,538
    Expenses
    $1,300,947
    Assets (EOY)
    $14,032,769
  • 2019 · 990

    Revenue
    $0
    Expenses
    $7,880
    Assets (EOY)
    $31,727
  • 2018 · 990

    Revenue
    $0
    Expenses
    $2,607
    Assets (EOY)
    $39,607
  • 2017 · 990

    Revenue
    $63,466
    Expenses
    $540,346
    Assets (EOY)
    $42,310
  • 2016 · 990

    Revenue
    $0
    Expenses
    $0
    Assets (EOY)
    $916,120
  • 2015 · 990

    Revenue
    $0
    Expenses
    $0
    Assets (EOY)
    $916,120
  • 2014 · 990

    Revenue
    $307,880
    Expenses
    $776,000
    Assets (EOY)
    $916,120
  • 2013 · 990

    Revenue
    $119,206
    Expenses
    $0
    Assets (EOY)
    $1,384,240
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $0
    Assets (EOY)
    $1,265,034

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • CAHEC MM LLC

    FURTHERs THE CHARITABLE PURPOSES OF CAHEC · NC · income $1,178,832 · assets $9,683,519

  • CAHEC PRESERVATION LLC

    FURTHERs THE CHARITABLE PURPOSES OF CAHEC · NC · income $266,475 · assets $2,782,842

  • CAHEC DEVELOPMENT LLC

    FURTHERs THE CHARITABLE PURPOSES OF CAHEC · NC · income $528,948 · assets $1,358,238

Related partnerships on its 2024 return

  • AFFORDABLE HOUSING EQUITY FUND I LIMITED PARTNERSHIP

    N/A · INVESTS IN LOW INCOME RESIDENTIAL HOUSING · NC

  • AFFORDABLE HOUSING EQUITY FUND II LIMITED PARTNERSHIP

    N/A · INVESTS IN LOW INCOME RESIDENTIAL HOUSING · NC

  • AFFORDABLE HOUSING EQUITY FUND III LIMITED

    N/A · INVESTS IN LOW INCOME RESIDENTIAL HOUSING · NC

  • Ann Edmond Garden Apartments Ltd

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 6% owned · share of income $4,105 · share of assets $20,769 · general or managing partner

  • Autumn Lane Limited Partnership

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income $2,789 · share of assets $674,565 · general or managing partner

  • Barton Village Limited Partnership

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income $14,120 · share of assets $548,775 · general or managing partner

  • BLAIRSVILLE RENTAL HOUSING

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99% owned · share of income $7,626 · share of assets $706,946 · general or managing partner

  • Blairsville Tan Yard Branch Phase II LP

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 0.01% owned · share of income -$1,462 · share of assets $40,372 · general or managing partner

  • Bloomingdale Properties Limited Partnership

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income -$48,407 · share of assets $1,261,374 · general or managing partner

  • Bowman Village Limited Partnership

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income -$14,450 · share of assets $674,184 · general or managing partner

  • Brightwood Lane Limited Partnership

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income $17,833 · share of assets $1,173,491 · general or managing partner

  • Brooks Run Apartments LP

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income $6,043 · share of assets $700,772 · general or managing partner

  • Brooks Hollow Apartments LP

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.5% owned · share of income $9,264 · share of assets $1,072,384 · general or managing partner

  • Buena Vista Properties Limited Partnership

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 99.99% owned · share of income -$15,238 · share of assets $593,214 · general or managing partner

  • Butler Forest Pointe LP

    Related · OWNS LOW INCOME RESIDENTIAL HOUSING · NC · 0.01% owned · share of income -$1,375 · share of assets $55,900 · general or managing partner

  • CAHEC NEW MARKETS LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE X LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XI LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XII LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC Sub-CDE XIII LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XIV LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XIX LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XV LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XVI LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

  • CAHEC SUB-CDE XVII LLC

    N/A · PROMOTES SELF-SUFFICIENCY FOR LOW INCOME COMMUNITIES · NC

The first 25 as filed. The return lists the rest.

Related corporations and trusts on its 2024 return

  • CAHEC HOLDINGS LLC

    C Corporation · FURTHERs CHARITABLE PURPOSES OF CAHEC · NC

  • CAHEC ENERGY LLC

    C Corporation · PROMOTEs SELF-SUFFCIENCY FROM RENEWABLE ENERGIES · NC

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.