Charity Search / COMMUNITY APARTMENTS CORPORATION OF CLEVELAND COUNTY NO 2
Housing & Shelter (L21) 990 on File

COMMUNITY APARTMENTS CORPORATION OF CLEVELAND COUNTY NO 2

EIN: 56-2221184 · RALEIGH, NC 27609-7887 · United States · FY 2025 Data
3 out of 5 45 / 100 Based on 2+ years of filings
Financial strength (30%) 71/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 10/18/2026
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Financial Overview — FY 2025
$73K
Total Revenue
$76K
Total Expenses
$-298,226
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.3%
Fundraising Efficiency N/A
Operating Reserve -47.01x
Liability-to-Asset 160.3%
Revenue Diversification 50.1%
Compared with Peers
FY 2025
Compared with 1,339 similar organizations (United States, Housing & Shelter, under $100K in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.3% 84.1%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
-47.0 mo 32.4 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
160.3% 2.4%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
50.1% 99.6%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-0.4% 0.0%
P10P90
Expense growth
Year over year expense growth
-9.9% 0.0%
P10P90
Surplus margin
Surplus as a share of revenue
-4.4% 9.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $73K $76K $-298,226 76.3% —
2024 $73K $85K $-295,049 76.9% —
2023 $66K $77K $-283,766 77.2% 0
2022 $68K $74K $-273,445 76.9% 0
2021 $67K $72K N/A — 0
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Organization Details
EIN
56-2221184
State
NC
City
RALEIGH
ZIP
27609-7887
Classification
L21
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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