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CAHEC Management

Raleigh, NC · EIN 84-3628117 · 501(c)(3) · Supporting organization, Type I
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

CAHEC Management reported $37.4 million in revenue and $36.4 million in expenses for calendar year 2024. Of every $100 it spent, $93.51 went to program services, $6.49 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: 100.0% of the total. The highest compensation it reported for one person was $754,867 (CAHEC President & CEO). 13 people received more than $100,000 in reportable compensation. Revenue rose 261% between 2021 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $36M

For 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 2024 · Form 990, Part VIII · total revenue $37M

Investment income was negative: −$10,171. The bar shows the positive sources only.

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

2024 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
93.5%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
6.5%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
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.0%
Program service revenue share
Part VIII 2g ÷ 12
100.0%66.2%
Highest reported compensation
Part VII-A, columns D–F
$754,867$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.07%1.57%
People paid over $100,000
Part VII, line 2
135
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
2.010.0
Independent voting board members
Part VI 1a–1b
0 of 8100.0%

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
$34M expenses · 100.0% of program spending · revenue $37M

Fosters and supports decent, safe, and sanitary housing for low-income persons via property management of low income communities

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
CAHEC President & CEO
Director/trustee, officer, 1.0 hrs/week
$0$705,268$49,599$754,867
Vice President, Finance & Operations
Director/trustee, officer, 1.0 hrs/week
$0$343,478$57,999$401,477
Senior Vice President
Director/trustee, officer, 40.0 hrs/week
$292,493$0$25,335$317,828
Senior Vice President
Director/trustee, officer, 1.0 hrs/week
$0$238,694$25,305$263,999
VP, Accounting & Finance
Officer, 40.0 hrs/week
$190,603$0$46,711$237,314
VP, Operations
Officer, 40.0 hrs/week
$188,834$0$44,277$233,111
VP, Property Management
Officer, 40.0 hrs/week
$192,015$0$28,397$220,412
VP, Compliance
Officer, 40.0 hrs/week
$178,107$0$28,254$206,361

13 people received more than $100,000 in reportable compensation from CAHEC Management (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).

5 filings since FY2020 (3 mo.)

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$37M$36M93.5%$6.2M$754,867
2023 ⓘ$32M$31M92.7%$5.2M$761,569
2022 ⓘ$28M$26M92.5%$4.2M$666,817
2021 ⓘ$10M$8.2M78.6%$2.5M$582,442
FY2020 (3 mo.) ⓘ$2.3M$1.9M75.5%$370K$552,171

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–1b8 · 0 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • 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 5659

Correct a figure or respond

Every number above is copied from CAHEC Management's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for CAHEC Management, you can publish a response that is linked from this page.

Questions people ask

How much of CAHEC Management's spending goes to programs?

In calendar year 2024, CAHEC Management reported that 93.5% of its $36.4 million in expenses went to program services, 6.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does CAHEC Management pay its top executive?

The largest total compensation CAHEC Management reported for one person in calendar year 2024 was $754,867, for the role of CAHEC President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does CAHEC Management get its money?

Of $37.4 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 100.0% from program service revenue (Form 990, Part VIII).

Is CAHEC Management a registered charity?

The IRS lists EIN 84-3628117 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202513009349301981 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202402739349300305 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343109349301719 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202212249349302701 · read the filing
  • FY2020 (3 mo.): Form 990 for the 3-month short period ending December 31, 2020, object 202142789349301654 · read the filing

All filings for EIN 84-3628117: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.