Nonprofit · EIN 56-1706757
BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · SANFORD, NC 27331
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,887,519 | $1,883,714 | $3,805 | $3,862,202 | $2,957,274 | $904,928 |
| December 31, 2023 | 990 | $494,327 | $754,292 | -$259,965 | $3,586,290 | $1,889,039 | $1,697,251 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,358,458
- of which government grants
- $1,217,540
- Program service revenue
- $262,504
- Investment income
- $266,557
- Net gain from sales of assets
- $265,390
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,000
- Other salaries and wages
- $497,172
- Salaries, compensation and benefits (total)
- $664,867
- Professional fundraising fees
- $0
- Legal fees
- $16,248
- Accounting fees
- $10,900
- Travel
- $27,396
- Depreciation
- $136,558
- Program services (functional)
- $1,461,062
- Management and general (functional)
- $422,652
Balance sheet and other
- Total assets, start of year
- $3,586,290
- Total assets, end of year
- $3,862,202
- Total liabilities, end of year
- $2,957,274
- Net assets, end of year
- $904,928
- Land, buildings and equipment
- $3,672,390
- Net assets without donor restrictions
- $904,928
- Gross receipts
- $2,123,123
- Employees
- 18
- Volunteers
- 12
- Year formed
- 1990
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRY BASHAW | EXECUTIVE DIRECTOR Officer | 1 | $80,000 |
| BILL WILSON | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRENDA JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRENDA WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES FRENCH | DIRECTOR Trustee or director | 1 | $0 |
| TERRY MCMILLAN | DIRECTOR Trustee or director | 1 | $0 |
| KELLEY DUBOIS | DIRECTOR Trustee or director | 1 | $0 |
| VANESSA IGLESIAS | DIRECTOR Trustee or director | 1 | $0 |
| CARSON LANIER | DIRECTOR Trustee or director | 1 | $0 |
| BILL CRAWFORD | DIRECTOR Trustee or director | 1 | $0 |
| LISA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET MURCHISON | PRESIDENT Officer | 40 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRY BASHAW | EXECUTIVE DI Officer | 1 | $80,000 |
| MARGARET MURCHISON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WILLIAM T WILSON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| BRENDA JOHNSON | ASSISTANT SE Trustee or director, Officer | 1 | $0 |
| BRENDA WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES FRENCH | DIRECTOR Trustee or director | 1 | $0 |
| TERRY MCMILLAN | DIRECTOR Trustee or director | 1 | $0 |
| KELLEY DUBOIS | DIRECTOR Trustee or director | 1 | $0 |
| BILL CRAWFORD | DIRECTOR Trustee or director | 1 | $0 |
| VANESSA IGLESIAS | DIRECTOR Trustee or director | 1 | $0 |
| CARSON LANIER | DIRECTOR Trustee or director | 1 | $0 |
| LISA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 568, SANFORD, NC 27331-0568
- Principal officer (990 for 2024)
- KERRY BASHAW, PO BOX 568, SANFORD, NC 273310568
- Signed the 990
- KERRY BASHAW, EXECUTIVE DIRECTOR
- Phone
- (919) 775-2300
- Website
- WWW.BC-CDC.ORG
- Return prepared by
- SHARPE PATEL CPA
Mission
THE ORGANIZATION, TOGETHER WITH PUBLIC AND PRIVATE INVESTORS, PROVIDES AFFORDABLE HOUSING, HOUSING COUNSELING, EDUCATION, AND COMMUNITY, HUMAN, AND ECONOMIC DEVELOPMENT TO IMPROVE THE QUALITY OF LIFE IN LEE AND SURROUNDING COUNTIES OF NC.
Program accomplishments
- INCREASED THE AVAILABILITY OF MODERATELY PRICED HOUSING FOR THE LOW TO MODERATE INCOME CITIZENS OF LEE AND SURROUNDING COUNTIES. INCREASED HOUSING COUNSELING ACTIVITY FOR FIRST-TIME HOMEBUYERS.Expenses $1,461,062 · revenue $262,504
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1706757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $3,862,202
- Income (IRS master file)
- $2,123,123
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,887,519 | $1,883,714 | $3,862,202 | XML |
| 990 | December 2023 | $494,327 | $754,292 | $3,586,290 | XML |
| 990 | December 2022 | $448,682 | $521,354 | $3,550,156 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1706757).
Questions about BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION is 56-1706757.
- Is BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names KERRY BASHAW.
- Who are the officers and directors of BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $80,000 (KERRY BASHAW, EXECUTIVE DIRECTOR).
- How much revenue does BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,887,519, expenses of $1,883,714 and total assets of $3,862,202 at year end.
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