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North Carolina · Nonprofit

EAST CAROLINA COMMUNITY DEVELOPMENT INC

EAST CAROLINA COMMUNITY DEVELOPMENT INC (North Carolina) receives grants from 2 organizations whose IRS filings report $135,000 to it, the largest being New Hanover Community Endowment Inc ($125,000). 0 of them have funded it in more than one year.

Revenue FY2025
$6.0M
Funders on record
2
Grants received
$135k
Net assets
$10M
0/2 repeat funderspeak grant-dependency 6%
01What it does

What East Carolina Community Development Inc does

Mission

To improve and enhance the standard of living of the people of north carolina by promoting small business development and developing affordable housing within its service area.

As stated on its FY2025 Form 990.

Programs

  1. Constructing quality affordable housing for seniors and families, as well as developing a community service infrastructure to handle the growing needs of an expanding population base.

    $1,163,241 spent$467,237 earned by the program
    18% of program spending

  2. Intermediary relending program - to provide loan capital to businesses located in rural north carolina through a contractual agreement with the usda rural development.

    $3,976 spent
    0% of program spending

  3. Community health and safety - to provide non-medical services for eligible individuals specifically related to food, housing, transportation, interpersonal safety, and toxic stress including assistance with housing inspections and providing healthy home goods.

    $707,074 spent$489,757 earned by the program
    11% of program spending

  4. Management and ownership in rental operations of parachute management company, llc, an affordable housing project with 16 lihtc communities across eastern north carolina.

    $9,989 spent
    0% of program spending

  5. Development and ownership in rental operations of meadow's gate, llc, an affordable housing project utilizing section 1602 tax credit exchange funds through nchfa.

    $730,187 spent$639,601 earned by the program
    11% of program spending

  6. Development and ownership in rental operations of compass pointe at meadows gate, llc, an eight unit project for veteran supportive housing

    $67,000 spent$57,457 earned by the program
    1% of program spending

  7. Investment corporations holding general partnership interests in affordable housing projects.

    $3,943,797 spent$3,374,303 earned by the program
    60% of program spending

The 7 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,625,264.

02The organization over time

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.

100 = 20172017 Revenue 100 ($1.3M) Expenses 100 ($1.5M) Net assets 100 ($7.5M)2018 Revenue 97 ($1.2M) Expenses 97 ($1.4M) Net assets 78 ($5.9M)2019 Revenue 207 ($2.7M) Expenses 202 ($3.0M) Net assets 126 ($9.5M)2020 Revenue 286 ($3.7M) Expenses 247 ($3.7M) Net assets 124 ($9.3M)2021 Revenue 238 ($3.1M) Expenses 208 ($3.1M) Net assets 123 ($9.2M)2022 Revenue 168 ($2.2M) Expenses 175 ($2.6M) Net assets 116 ($8.7M)2023 Revenue 234 ($3.0M) Expenses 234 ($3.5M) Net assets 165 ($12M)2024 Revenue 363 ($4.7M) Expenses 396 ($5.9M) Net assets 197 ($15M)2025 Revenue 469 ($6.0M) Expenses 453 ($6.7M) Net assets 138 ($10M)
'17'18'19'20'21'22'23'24'25
Revenue (469)Expenses (453)Net assets (138)Peer revenue range

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 $38M to $22M (−42%).

$16M
$13M
$21M
$21M
$22M
$21M
$29M
$38M
$22M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 2% · 2020 0% · 2022 13% · 2023 11% · 2024 8% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.

10% of EAST CAROLINA COMMUNITY DEVELOPMENT INC’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 9 reported years ran a deficit.

−$197k
’17
−$186k
’18
−$328k
’19
$7k
’20
−$22k
’21
−$432k
’22
−$452k
’23
−$1.2M
’24
−$679k
’25
5.7
months of
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

Keith D Walker

CEO & president

Board chair

Brian Fike

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed9108899111010
Joined·+3+0+1+1+0+2+1+1
No longer listed·22100021
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'22
'25*
total
funders
1
1

From the IRS filings of EAST CAROLINA COMMUNITY DEVELOPMENT INC’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

EAST CAROLINA COMMUNITY DEVELOPMENT INC leans on a few funders — its largest provides 93% 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

93%
largest funder
100%
top three
~1
effective funders

“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

100% of EAST CAROLINA COMMUNITY DEVELOPMENT INC's grant income comes from North Carolina funders.

NC

Funder states come from each funder’s own filing. 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.

04Its place in the field

Against its field

EAST CAROLINA COMMUNITY DEVELOPMENT INC has grown faster than three-quarters of the 2,196 housing & shelter nonprofits its size.

Operating margin−11% · bottom quartile
Months of reserve5.7mo · above the median
Revenue growth (annualized)21% · top quartile

this organization peer median middle 50% of peers· 2,196 housing & shelter nonprofits $1M–$10M, FY2025

Organizations like EAST CAROLINA COMMUNITY DEVELOPMENT INC

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

Western Carolina Community Action Inc83%Northwest Community Care Network Inc83%Nash Edgecombe Wilson Community Action Inc82%North Carolina Coalition to End Hom82%The Industrial Commons82%North Carolina Community Development Initiative Inc82%Community Care of North Carolina Inc82%Eastern Carolina Human Services Agency Inc82%

Nationally

Enterprise Community Development Inc85%Oasis Christian Community Development Corporation84%Community Preservation Development Corporation84%Enterprise Community Investment Inc83%Ndc Housing & Economic Development Corporation83%Western Carolina Community Action Inc83%Northwest Community Care Network Inc83%Nash Edgecombe Wilson Community Action Inc82%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

98% of spending goes to programs.

Program 98%Management 2%Fundraising 0%

Governance

7
board members
71%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

72%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 27 related entities

  • Meadow's Gate LLC · disregarded
  • Compass Pointe at Meadows Gate LLC · disregarded
  • Parachute Management Company LLC · disregarded
  • Troon Apartments LLC · disregarded
  • Camellia Court Apartments LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for EAST CAROLINA COMMUNITY DEVELOPMENT INC: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 EAST CAROLINA COMMUNITY DEVELOPMENT INC?
EAST CAROLINA COMMUNITY DEVELOPMENT INC (North Carolina) receives grants from 2 organizations whose IRS filings report $135,000 to it, the largest being New Hanover Community Endowment Inc ($125,000). 0 of them have funded it in more than one year.
How many funders does EAST CAROLINA COMMUNITY DEVELOPMENT INC have?
IRS filings report 2 organizations giving $135,000 in grants to EAST CAROLINA COMMUNITY DEVELOPMENT INC.
Who is the largest funder of EAST CAROLINA COMMUNITY DEVELOPMENT INC?
New Hanover Community Endowment Inc is the largest funder on record, with $125,000 in grants. The full list of funders is on this page.
How can an organization like EAST CAROLINA COMMUNITY DEVELOPMENT INC 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.

Play a game about who funds East Carolina Community Development →

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 2 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 14, 2026. What this page cannot tell you · view filing