North Carolina · Nonprofit
COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION
COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION (North Carolina) receives grants from 3 organizations whose IRS filings report $30,500 to it, the largest being CHARITIES AID FOUNDATION AMERICA ($25,000). 0 of them have funded it in more than one year, and 82% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $16M
- Funders on record
- 3
- Grants received
- $31k
- Net assets
- $22M
What Community Affordable Housing Equity Corporation does
Mission
Cahec's primary mission is to raise capital to finance the development of affordable multi-family rental housing under the provisions of the federal low-income housing tax credit program (section 42 of irc); and make available an array of supportive service initiatives.
As stated on its FY2025 Form 990.
Programs
Cahec raises and invests equity capital in qualified low-income housing tax credit and other tax credit products. In 2025, cahec raised equity capital of $166,293,816 and invested in 1,650 housing units. Cahec also provides capital through a series of community investments which empowers residents, promotes the development of affordable rental and ownership housing, and fosters sustainability within the communities that it serves.
$14,974,856 spent$14,621,169 earned by the program94% of program spendingIn 2025, cahec's community investments totaled $895,454 to residents, communities, developments, and organizations. These initiatives, administered and funded by cahec, are (I) for the benefit of the residents who reside in the developments that cahec invests, and (ii) designed to empower residents by encouraging them to set and achieve goals, strengthen job skills, and take care of their community.
$895,454 spentof which $361,832 as grants6% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $15,870,310.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $28M to $25M (−11%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
2% of COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Dana Boole
President and CEO
Board chair
Anne Conner
Chairman of the board
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 82% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $442k from one payer (the payer shares this organization's board, largest CAHEC Properties Corporation). These are real filings, and they are not money COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION raised.
From the IRS filings of COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION leans on a few funders — its largest provides 82% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
82% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
82% of COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $6k that is directly attributable, 100% of it comes from funders outside North Carolina, across 2 states.
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION is better cushioned than half of the 488 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 488 housing & shelter nonprofits $10M–$100M, FY2025
Organizations like COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 306 related entities
- Cahec Fund Gp LLC · disregarded
- Highland Park Mill Scp LLC · disregarded
- Cahec Restoration LLC · disregarded
- Cahec Fund Xxviii Gp LLC · disregarded
- Cahec Fund Xxix Gp LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION?
- COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION (North Carolina) receives grants from 3 organizations whose IRS filings report $30,500 to it, the largest being CHARITIES AID FOUNDATION AMERICA ($25,000). 0 of them have funded it in more than one year, and 82% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION have?
- IRS filings report 3 organizations giving $30,500 in grants to COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION.
- Who is the largest funder of COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION?
- CHARITIES AID FOUNDATION AMERICA is the largest funder on record, with $25,000 in grants. The full list of funders is on this page.
- How can an organization like COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing