Nonprofit · EIN 56-1909969
EAST CAROLINA COMMUNITY DEVELOPMENT INC
Tax-exempt · BEAUFORT, NC 28516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,049,605 | $6,728,312 | -$678,707 | $21,817,060 | $11,479,372 | $10,337,688 |
| June 30, 2024 | 990 | $4,672,865 | $5,882,486 | -$1,209,621 | $37,594,034 | $22,747,291 | $14,846,743 |
| June 30, 2023 | 990 | $3,018,625 | $3,470,884 | -$452,259 | $28,723,511 | $16,284,942 | $12,438,569 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $578,567
- of which government grants
- $453,567
- Program service revenue
- $5,028,355
- Investment income
- $442,683
- Net gain from sales of assets
- $439,931
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $452,776
- Other salaries and wages
- $626,258
- Salaries, compensation and benefits (total)
- $1,191,437
- Professional fundraising fees
- $0
- Legal fees
- $175,348
- Accounting fees
- $61,200
- Occupancy
- $564,565
- Travel
- $13,339
- Depreciation
- $1,026,406
- Program services (functional)
- $6,625,264
- Management and general (functional)
- $103,048
Balance sheet and other
- Total assets, start of year
- $37,594,034
- Total assets, end of year
- $21,817,060
- Total liabilities, end of year
- $11,479,372
- Net assets, end of year
- $10,337,688
- Land, buildings and equipment
- $14,939,613
- Net assets without donor restrictions
- $4,720,276
- Net assets with donor restrictions
- $5,617,412
- Gross receipts
- $6,049,605
- Employees
- 5
- Volunteers
- 7
- Year formed
- 1995
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH D WALKER | CEO & PRESIDENT Trustee or director, Officer | 40 | $265,124 | $28,607 |
| LYNDA E LAND | CFO Officer | 40 | $133,191 | $29,023 |
| BRIAN FIKE | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| DAVID NATEMAN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SANDY HEWITT-GIACOBBI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYISHA TEEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARII PHELPS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ENA WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG WAGNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN HAND | INCOMING CFO Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH D WALKER | CEO & PRESIDENT Trustee or director, Officer | 40 | $258,775 | $25,275 |
| LYNDA E LAND | CFO Officer | 40 | $148,214 | $17,572 |
| ROBERT CAMPBELL | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| DAVID NATEMAN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SANDY HEWITT-GIACOBBI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYISHA TEEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN FIKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARII PHELPS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ENA WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG WAGNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH D WALKER | CEO & PRESIDENT Trustee or director, Officer | 40 | $212,849 | $28,297 |
| LYNDA E LAND | CFO Officer | 40 | $125,408 | $17,005 |
| ROBERT CAMPBELL | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| DAVID NATEMAN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SANDY HEWITT-GIACOBBI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER K SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER CRUMLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYISHA TEEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN FIKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARII PHELPS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ENA WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 108 PROFESSIONAL PARK DR, BEAUFORT, NC 28516-2418
- Principal officer (990 for 2024)
- KEITH D WALKER, PO BOX 2400, BEAUFORT, NC 28516
- Signed the 990
- KEITH D WALKER, CEO & PRESIDENT
- Phone
- (252) 504-3996
- Website
- WWW.ECCDI.COM
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
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.
Program accomplishments
- 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.Expenses $1,163,241 · revenue $467,237
- INTERMEDIARY RELENDING PROGRAM - TO PROVIDE LOAN CAPITAL TO BUSINESSES LOCATED IN RURAL NORTH CAROLINA THROUGH A CONTRACTUAL AGREEMENT WITH THE USDA RURAL DEVELOPMENT.Expenses $3,976
- 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.Expenses $707,074 · revenue $489,757
- MANAGEMENT AND OWNERSHIP IN RENTAL OPERATIONS OF PARACHUTE MANAGEMENT COMPANY, LLC, AN AFFORDABLE HOUSING PROJECT WITH 16 LIHTC COMMUNITIES ACROSS EASTERN NORTH CAROLINA.Expenses $9,989
- DEVELOPMENT AND OWNERSHIP IN RENTAL OPERATIONS OF MEADOW'S GATE, LLC, AN AFFORDABLE HOUSING PROJECT UTILIZING SECTION 1602 TAX CREDIT EXCHANGE FUNDS THROUGH NCHFA.Expenses $730,187 · revenue $639,601
- DEVELOPMENT AND OWNERSHIP IN RENTAL OPERATIONS OF COMPASS POINTE AT MEADOWS GATE, LLC, AN EIGHT UNIT PROJECT FOR VETERAN SUPPORTIVE HOUSINGExpenses $67,000 · revenue $57,457
- INVESTMENT CORPORATIONS HOLDING GENERAL PARTNERSHIP INTERESTS IN AFFORDABLE HOUSING PROJECTS.Expenses $3,943,797 · revenue $3,374,303
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1909969
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $21,817,060
- Income (IRS master file)
- $6,049,605
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,049,605 | $6,728,312 | $21,817,060 | IRS |
| 990 | June 2024 | $4,672,865 | $5,882,486 | $37,594,034 | XML |
| 990 | June 2023 | $3,018,625 | $3,470,884 | $28,723,511 | XML |
| 990 | June 2022 | $2,164,588 | $2,596,811 | $21,056,335 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 56-1909969).
Questions about EAST CAROLINA COMMUNITY DEVELOPMENT INC
- What is the EIN of EAST CAROLINA COMMUNITY DEVELOPMENT INC?
- The employer identification number (EIN) of EAST CAROLINA COMMUNITY DEVELOPMENT INC is 56-1909969.
- Is EAST CAROLINA COMMUNITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to EAST CAROLINA COMMUNITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST CAROLINA COMMUNITY DEVELOPMENT INC 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 EAST CAROLINA COMMUNITY DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EAST CAROLINA COMMUNITY DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EAST CAROLINA COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names KEITH D WALKER.
- Who are the officers and directors of EAST CAROLINA COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $265,124 (KEITH D WALKER, CEO & PRESIDENT).
- How much revenue does EAST CAROLINA COMMUNITY DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,049,605, expenses of $6,728,312 and total assets of $21,817,060 at year end.
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