Charity Impact Media

Home › Unclassified

Community Revitalization & Preservation Corporation

Raleigh, NC · EIN 58-1707107 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Community Revitalization & Preservation Corporation reported $16.0 million in revenue and $13.6 million in expenses for calendar year 2024. Of every $100 it spent, $90.72 went to program services, $9.28 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: 59.6% of the total. The highest compensation it reported for one person was $284,714 (President). 11 people received more than $100,000 in reportable compensation. Revenue rose 182% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $14M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $16M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.7%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
9.3%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.8%
Program service revenue share
Part VIII 2g ÷ 12
59.6%58.9%
Highest reported compensation
Part VII-A, columns D–F
$284,714$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.09%1.38%
People paid over $100,000
Part VII, line 2
116
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
5.46.8
Independent voting board members
Part VI 1a–1b
5 of 5100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$12M expenses · 100.0% of program spending · revenue $16M

The corporation builds, promotes, and preserves affordable housing for low and moderate income persons

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Officer, 0.5 hrs/week
$0$243,655$41,059$284,714
SVP/CFO
Officer, 0.5 hrs/week
$0$189,315$33,660$222,975
SVP
Officer, 0.5 hrs/week
$0$176,125$29,597$205,722
VP/Treasurer
Officer, 0.5 hrs/week
$0$154,527$24,564$179,091
VP of Resource Development
Highest compensated employee, 0.5 hrs/week
$0$140,355$25,284$165,639
Assistant Secretary
Highest compensated employee, 0.5 hrs/week
$0$130,973$28,037$159,010
Senior Project Manager
Highest compensated employee, 0.5 hrs/week
$0$123,272$21,082$144,354
Senior Project Manager
Highest compensated employee, 0.5 hrs/week
$0$106,655$20,854$127,509

11 people received more than $100,000 in reportable compensation from Community Revitalization & Preservation Corporation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$16M$14M90.7%$6.1M$284,714
2023 ⓘ$10M$12M82.0%$6.2M$295,438
2022 ⓘ$9.8M$8.9M89.3%$1.9M$271,007
2021 ⓘ$6.1M$7.3M87.3%−$2.8M$235,808
2020 ⓘ$5.9M$6.5M87.2%−$3.8M$181,720
2019 ⓘ$5.7M$7.1M89.4%−$5.0M$246,922

Governance answers, as filed

2024 · 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–1b5 · 5 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 50

Correct a figure or respond

Every number above is copied from Community Revitalization & Preservation 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 Revitalization & Preservation Corporation, you can publish a response that is linked from this page.

Questions people ask

How much of Community Revitalization & Preservation Corporation's spending goes to programs?

In calendar year 2024, Community Revitalization & Preservation Corporation reported that 90.7% of its $13.6 million in expenses went to program services, 9.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Community Revitalization & Preservation Corporation pay its top executive?

The largest total compensation Community Revitalization & Preservation Corporation reported for one person in calendar year 2024 was $284,714, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Community Revitalization & Preservation Corporation get its money?

Of $16.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 59.6% from program service revenue (Form 990, Part VIII).

Is Community Revitalization & Preservation Corporation a registered charity?

The IRS lists EIN 58-1707107 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, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533189349310458 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202433209349328818 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333199349318333 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243199349321069 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103199349307360 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033219349309183 · read the filing

All filings for EIN 58-1707107: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.