Virginia Council For Affordable And Rural Housing
- Assets
- $30.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- 01/1984
- Data as of
- 06/2023
- EIN
- 54-1241781
Organization Overview
Virginia Council For Affordable And Rural Housing is located in Wake Forest, NC. The organization was established in 1984. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Council For Affordable And Rural Housing is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Virginia Council For Affordable And Rural Housing generated $86.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $82.4k during the year ending 06/2023. While expenses have increased by 11.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Alderman Director | 1 | $0 | |
Donna Dovel Director | 1 | $0 | |
Brandon Krusz Director | 1 | $0 | |
Pam Smith Director | 1 | $0 | |
Mackie Thompson Director | 1 | $0 | |
Bonnie Gravitte Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jill Odum | 6/29/19 | $9,484 |
Sandra Lux | 6/29/19 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $63,765 |
| Membership dues | $22,350 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,115 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,500 |
| Professional fees and other payments to independent contractors | $2,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1 |
| Other expenses | $57,687 |
| Total expenses | $82,438 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,050 |
| Other assets | $0 |
| Total assets | $30,056 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,056 |