Community Apartments Corporation of Haywood County

Analysis

Community Apartments Corporation of Haywood County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Apartments Corporation of Haywood County reported income of $79k and spending of $89k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $67k to $79k (+18%), an average of +4.3% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Apartments Corporation of Haywood County sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Grundy County Supportive Housingcorporation ($79k), Cje Foundation Inc ($79k) and 8200-8300 Franklin Blvd ($79k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$325k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.