Charity Search / COMMUNITY APARTMENTS CORPORATION OF DAVIDSON COUNTY
Housing & Shelter (L21) 990 on File

COMMUNITY APARTMENTS CORPORATION OF DAVIDSON COUNTY

EIN: 56-2221217 · RALEIGH, NC 27609-7887 · United States · FY 2024 Data
3 out of 5 41 / 100 Based on 2+ years of filings
Financial strength (30%) 57/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$53K
Total Revenue
$76K
Total Expenses
$-328,299
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 78.9%
Fundraising Efficiency N/A
Operating Reserve -51.63x
Liability-to-Asset 174.1%
Revenue Diversification 52.3%
Compared with Peers
FY 2024
Compared with 2,316 similar organizations (United States, Housing & Shelter, under $100K in expenses), FY 2024.
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
78.9% 84.3%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
-51.6 mo 35.8 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
174.1% 3.2%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
52.3% 99.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-22.7% 1.3%
P10P90
Expense growth
Year over year expense growth
-9.5% -1.8%
P10P90
Surplus margin
Surplus as a share of revenue
-43.6% 9.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $53K $76K $-328,299 78.9%
2023 $69K $84K $-305,139 81.0%
2022 $57K $89K $-289,598 83.2%
2021 $102K $72K N/A 1
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Organization Details
EIN
56-2221217
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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