Community Affordable Housing Equity Corporation
Community Affordable Housing Equity Corporation reported $15.7 million in revenue and $17.3 million in expenses for calendar year 2025. Of every $100 it spent, $91.91 went to program services, $8.09 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.9% of the total. The highest compensation it reported for one person was $913,340 (PRESIDENT AND CEO). 10 people received more than $100,000 in reportable compensation. Revenue rose 29% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $17MFor 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
Calendar year 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.9% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.1% | 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 | 1.9% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.9% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $913,340 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.29% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 10 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 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
2025 · Form 990, Part III · the three largest programs by expenseCahec raises and invests equity capital in qualified low-income housing tax credit and other tax credit products. In 2025, cahec raised equity capital of $166,293,816 and invested in 1,650 housing units. Cahec also provides capital through a series of community investments which empowers residents, promotes the development of affordable rental and ownership housing, and fosters sustainability within the communities that it serves
In 2025, cahec's community investments totaled $895,454 to residents, communities, developments, and organizations. These initiatives, administered and funded by cahec, are (I) for the benefit of the residents who reside in the developments that cahec invests, and (ii) designed to empower residents by encouraging them to set and achieve goals, strengthen job skills, and take care of their community
Highest reported compensation
2025 · 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 |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 40.0 hrs/week | $860,623 | $0 | $52,717 | $913,340 |
| CHIEF FINANCIAL OFFICER Officer, 40.0 hrs/week | $373,785 | $0 | $64,394 | $438,179 |
| VICE PRESIDENT Officer, 40.0 hrs/week | $370,985 | $0 | $64,390 | $435,375 |
| SVP, CAHEC PROPERTIES CORP. Officer, 40.0 hrs/week | $346,407 | $0 | $49,674 | $396,081 |
| VICE PRESIDENT Officer, 40.0 hrs/week | $309,888 | $0 | $57,580 | $367,468 |
| DIRECTOR, FUND DEVELOPMENT Highest compensated employee, 40.0 hrs/week | $266,192 | $0 | $40,190 | $306,382 |
| DIRECTOR, COMMUNITY CAPITAL Highest compensated employee, 40.0 hrs/week | $242,649 | $0 | $53,763 | $296,412 |
| DIRECTOR, RISK MANAGEMENT Highest compensated employee, 40.0 hrs/week | $194,006 | $0 | $29,700 | $223,706 |
10 people received more than $100,000 in reportable compensation from Community Affordable Housing Equity Corporation (Part VII, line 2).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · 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–1b9 · 8 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 4Yes
- 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 555
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| LONGWELL RIESS LLC Legal | $432,653 |
| KUTAK ROCK LLP Legal | $341,991 |
| NET FRIENDS INC It consulting | $311,119 |
| ACUMEN INFORMATION SYSTEMS LLC It consulting | $272,215 |
| WOMBLE BOND DICKINSON (US) LLP Legal | $253,442 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Community Affordable Housing Equity Corporation totaling $3,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Community Affordable Housing Equity Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Community Affordable Housing Equity Corporation, you can publish a response that is linked from this page.
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Of every $100 Community Affordable Housing Equity Corporation spent in 2025, $91.91 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Equality Community Housing CorporationGlendale, AZ · revenue $16M · programs 93.0% · 2024
- Institute for Community AlliancesDes Moines, IA · revenue $16M · programs 97.8% · FY2025
- Cloverwood Senior LivingPittsford, NY · revenue $16M · programs 78.7% · 2024
- Homes for AmericaAnnapolis, MD · revenue $16M · programs 87.1% · FY2025
- The Housing Partnership NetworkBoston, MA · revenue $16M · programs 76.4% · 2024
All housing & shelter charities · Largest charities in North Carolina
Questions people ask
How much of Community Affordable Housing Equity Corporation's spending goes to programs?
In calendar year 2025, Community Affordable Housing Equity Corporation reported that 91.9% of its $17.3 million in expenses went to program services, 8.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Community Affordable Housing Equity Corporation pay its top executive?
The largest total compensation Community Affordable Housing Equity Corporation reported for one person in calendar year 2025 was $913,340, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Community Affordable Housing Equity Corporation get its money?
Of $15.7 million in revenue in calendar year 2025, 1.9% came from contributions and grants and 92.9% from program service revenue (Form 990, Part VIII).
Is Community Affordable Housing Equity Corporation a registered charity?
The IRS lists EIN 56-1805915 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202612449349300511 · read the filing
- 2024: Form 990 for calendar year 2024, object 202502639349300010 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442739349300114 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322269349302652 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212249349302666 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132329349301103 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012399349301036 · read the filing
All filings for EIN 56-1805915: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.