Choanoke Area Development Association of North Carolina
Choanoke Area Development Association of North Carolina reported $10.9 million in revenue and $10.9 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $93.83 went to program services, $6.17 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.6% of the total. The highest compensation it reported for one person was $86,215 (EXECUTIVE DIRECTOR). Revenue rose 10% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2024 · Form 990, Part VIII · total revenue $11M- Contributions & grants (non-government)$98.57 $11M
- Program service revenue$1.42 $157K
- Investment income$0.01 $865
Other revenue was negative: −$116K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.8% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.2% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.6% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.4% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $86,215 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.79% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.4 | 10.0 |
| Independent voting board members Part VI 1a–1b | 28 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 · Form 990, Part III · the three largest programs by expenseHead start program the program serves economically disadvantaged preschool children by providing comprehensive health, education, nutrition, social, and other services
The weatherization assistance program enables low income families to permanently reduce their energy bills by making their homes more energy efficient. Funds are used to improve the energy performance of dwellings of needy families using the most advanced technologies and testing protocols available in the housing industry
Hud section 8 housing program this program provides rental and utility assistance to low income families
Highest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $75,309 | $0 | $10,906 | $86,215 |
0 people received more than $100,000 in reportable compensation from Choanoke Area Development Association of North Carolina (Part VII, line 2). Compensation of current officers, directors and key employees totaled $86,214 (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 28 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5174
- Volunteers Part I, line 699
Correct a figure or respond
Every number above is copied from Choanoke Area Development Association of North Carolina's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Choanoke Area Development Association of North Carolina, you can publish a response that is linked from this page.
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Of every $100 Choanoke Area Development Association of North Carolina spent in FY2024, $93.83 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Chelsea Jewish North Shore Assisted LivingPeabody, MA · revenue $11M · programs 78.5% · 2024
- Reach for Your PotentialIowa City, IA · revenue $11M · programs 83.4% · FY2025
- Center for Veterans IssuesMilwaukee, WI · revenue $11M · programs 90.4% · 2024
- Community Housing of MainePortland, ME · revenue $11M · programs 63.4% · FY2025
- Avesta Housing Management CorporationPortland, ME · revenue $11M · programs 83.9% · 2024
All housing & shelter charities · Largest charities in North Carolina
Questions people ask
How much of Choanoke Area Development Association of North Carolina's spending goes to programs?
In the fiscal year ending June 30, 2024, Choanoke Area Development Association of North Carolina reported that 93.8% of its $10.9 million in expenses went to program services, 6.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Choanoke Area Development Association of North Carolina pay its top executive?
The largest total compensation Choanoke Area Development Association of North Carolina reported for one person in the fiscal year ending June 30, 2024 was $86,215, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Choanoke Area Development Association of North Carolina get its money?
Of $10.9 million in revenue in the fiscal year ending June 30, 2024, 99.6% came from contributions and grants and 1.4% from program service revenue (Form 990, Part VIII).
Is Choanoke Area Development Association of North Carolina a registered charity?
The IRS lists EIN 56-0841757 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202502689349301125 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349313186 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331329349307808 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221319349305227 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111249349300801 · read the filing
All filings for EIN 56-0841757: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.