Overview
What is Cahec Building Corporation?
Cahec Building Corporation, situated in Raleigh, North Carolina, is a nonprofit organization that holds title to property on behalf of Community Affordable Housing Equity Corporation, a 501(c)(3) entity. Their primary role involves maintaining a building reserve, ensuring the preservation and upkeep of the property they manage. By doing so, they contribute to the provision of affordable housing, which is a crucial aspect of many nonprofit organizations' missions.
Is Cahec Building Corporation legitimate?
Cahec Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cahec Building Corporation 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 Cahec Building Corporation?
Cahec Building Corporation's primary role is to maintain a building reserve and hold title to property. This function is carried out on behalf of Community Affordable Housing Equity Corporation, a non-profit organization. Their mission can be interpreted as ensuring the preservation of property assets, thereby contributing to the maintenance of affordable housing options.
What is the revenue of Cahec Building Corporation?
Cahec Building Corporation's revenue in 2023 was $162,144.
Who are the executives of Cahec Building Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $711,930
- Other: $49,639
- Compensation: $0
- Related: $313,130
- Other: $35,859
- Compensation: $0
- Related: $325,416
- Other: $46,064
- Compensation: $0
- Related: $273,121
- Other: $54,532
- Compensation: $0
- Related: $305,390
- Other: $58,170
Where can I find the form 990 for Cahec Building Corporation?
Cahec Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cahec Building Corporation
Cahec Building Corporation, as a title holder, plays a crucial role in ensuring the maintenance of a building reserve. This mission is carried out on behalf of Community Affordable Housing Equity Corporation, a 501(c)(3) organization. The corporation's primary responsibility is to safeguard property, thereby contributing to the overall well-being of the associated organization. By holding title to the property, Cahec Building Corporation plays a significant role in the preservation and upkeep of the building, ensuring its long-term viability and sustainability. This mission is instrumental in supporting the broader goals of Community Affordable Housing Equity Corporation, which focuses on affordable housing solutions. The corporation's commitment to maintaining a building reserve demonstrates its dedication to the cause of providing affordable housing, thereby contributing to the overall betterment of the community.
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Impact
October, 2024
Cahec Building Corporation plays a vital role in supporting affordable housing initiatives in the Raleigh, NC area. By holding the title to property on behalf of the Community Affordable Housing Equity Corporation, it ensures that valuable real estate is preserved for community use, fostering stability and accessibility for families in need.
The corporation's commitment to maintaining a building reserve further enhances its impact, allowing for the ongoing upkeep and improvement of properties designated for affordable housing. This proactive approach not only protects the physical assets but also contributes to the overall well-being of the community by ensuring that safe and affordable housing options remain available. Through its efforts, Cahec Building Corporation significantly advances the cause of community improvement and housing equity.
This information is meant to be a general summary of Cahec Building Corporation. 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 2023.
- Program Service Revenue: $162,144
- Gross Receipts: $162,144
Assets and Liabilities:
- Total Assets: $1,755,509
- Total Liabilities: $5,509
- Net Assets: $1,750,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$108,000
Utilities Reimbursement
Revenue
$54,144
Organization Details
Founding Year
2001
Principal Officer
Dana Boole
NTEE Category
Code: S47 - Community improvement
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