Overview
What is Community Advancement And Redevelopment Enterprise Inc?
Community Advancement and Redevelopment Enterprise Inc, based in Monroe, North Carolina, is a nonprofit organization dedicated to providing affordable housing solutions for low-income individuals. They achieve this goal through the Rental Assistance Demonstration (RAD) program, a federal initiative that permits public housing authorities to enhance and modernize legacy properties regulated by the U.S. Department of Housing and Urban Development. The organization's mission encompasses the development, sponsorship, creation, ownership, financing, construction, maintenance, and overall provision of housing for individuals and families with limited financial resources.
Is Community Advancement And Redevelopment Enterprise Inc legitimate?
Community Advancement And Redevelopment Enterprise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Advancement And Redevelopment Enterprise Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Community Advancement And Redevelopment Enterprise Inc?
Community Advancement and Redevelopment Enterprise Inc is established with a charitable purpose, focusing on providing affordable housing for individuals or families with low to moderate incomes. The corporation undertakes various activities such as developing, sponsoring, creating, owning, financing, building, maintaining, and generally providing housing units to cater to this demographic. The organization achieves this goal through the Rental Assistance Demonstration (RAD) program, which enables public housing authorities to enhance legacy properties regulated by the U.S. Department of Housing and Urban Development. This initiative aims to improve the living conditions and provide affordable housing options to low-income communities.
Who is the CEO of Community Advancement And Redevelopment Enterprise Inc?
Anna Mcrae is the Chief Executive Officer/De of Community Advancement And Redevelopment Enterprise Inc. The CEO's salary of Community Advancement And Redevelopment Enterprise Inc is $0 and their total compensation is $114,683.
What is the revenue of Community Advancement And Redevelopment Enterprise Inc?
Community Advancement And Redevelopment Enterprise Inc's revenue in 2022 was $300,572.
Who are the executives of Community Advancement And Redevelopment Enterprise Inc and what are their salaries?
There 7 volunteers at Community Advancement And Redevelopment Enterprise Inc.
Here are 7 key members and their salaries (Community Advancement And Redevelopment Enterprise Inc's CEO's salary is $0 and their total compensation is $114,683):
- Compensation: $0
- Related: $114,683
- Other: $0
- Compensation: $0
- Related: $55,347
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Advancement And Redevelopment Enterprise Inc?
Community Advancement And Redevelopment Enterprise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Advancement And Redevelopment Enterprise Inc
Community Advancement and Redevelopment Enterprise Inc, a charitable organization, is established with the primary mission of providing housing solutions for individuals and families with low or moderate income levels. This nonprofit corporation sets out to develop, sponsor, create, own, finance, build, maintain, and generally provide housing opportunities. Through the Rental Assistance Demonstration (RAD) program, the entity is able to enhance legacy properties regulated by the U.S. Department of Housing and Urban Development. By participating in this program, Public Housing Authorities are granted the means to upgrade these properties, thereby improving the living conditions for the low-income residents who call them home.
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Impact
October, 2024
Community Advancement And Redevelopment Enterprise Inc significantly enhances the quality of life for low-income individuals and families by providing access to affordable housing solutions. Through initiatives like the Rental Assistance Demonstration (RAD) program, the organization revitalizes legacy HUD properties, ensuring that residents have safe and stable living environments. This effort not only improves housing conditions but also fosters community development in Monroe, NC. By focusing on the needs of those with low and moderate incomes, the organization plays a crucial role in addressing housing disparities, promoting economic stability, and empowering residents to build better futures. The ongoing maintenance and development of affordable housing options contribute to a more inclusive and equitable community, highlighting the essential impact of their work.
This information is meant to be a general summary of Community Advancement And Redevelopment Enterprise Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $108
- Program Service Revenue: $56,370
- Gross Receipts: $300,572
Assets and Liabilities:
- Total Assets: $3,732,573
- Total Liabilities: $22,451
- Net Assets: $3,710,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$54,981
TENANT CHARGES
Revenue
$1,389
Organization Details
Founding Year
2014
Phone
(704) 289-2314Principal Officer
Anna Mcrae
Main Address
PO BOX 805, MONROE, NC, 281110805
NTEE Category
Code: L80 - Housing
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