Nonprofit · EIN 87-1056589
OAK CITY AFFORDABLE COMMUNITIES INC
Tax-exempt · RALEIGH, NC 27604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $2,099,552 | $1,701,112 | $398,440 | $5,133,139 | $428,725 | $4,704,414 |
| March 31, 2024 | 990 | $2,163,390 | $1,540,900 | $622,490 | $4,682,507 | $376,533 | $4,305,974 |
| March 31, 2023 | 990 | $4,261,234 | $577,750 | $3,683,484 | $4,033,062 | $349,578 | $3,683,484 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,505,544
- Program service revenue
- $489,611
- Investment income
- $104,397
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $105,050
- Other salaries and wages
- $151,187
- Salaries, compensation and benefits (total)
- $383,698
- Professional fundraising fees
- $0
- Legal fees
- $7,957
- Accounting fees
- $6,000
- Occupancy
- $35,986
- Travel
- $8,385
- Depreciation
- $30,669
- Program services (functional)
- $1,277,930
- Management and general (functional)
- $423,182
Balance sheet and other
- Total assets, start of year
- $4,682,507
- Total assets, end of year
- $5,133,139
- Total liabilities, end of year
- $428,725
- Net assets, end of year
- $4,704,414
- Land, buildings and equipment
- $191,401
- Net assets without donor restrictions
- $4,704,414
- Gross receipts
- $2,099,552
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2020
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLEY LOMMERS JOHNSON | CEO Key employee | 1 | $0 | $372,615 | $74,854 |
| ELIZABETH EDGERTON | DIRECTOR ADMIN & FIN Highest-paid employee | 1 | $0 | $175,839 | $47,085 |
| JENNIFER NEMITZ MORGAN | SPECIAL ASSISTANT Highest-paid employee | 1 | $0 | $109,726 | $32,044 |
| GREGG WARREN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NIYA FONVILLE END 112024 | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOE WHITEHOUSE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC BRAUN | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VALERIE CRUTCHFIELD | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN ELLINGER | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ARNE MORRIS | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BAHATI MUTISYA | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| YOLANDA WINSTEAD | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLEY LOMMERS JOHNSON | CEO Key employee | – | $0 | $271,246 | $14,123 |
| ELIZABETH EDGERTON | DIRECTOR ADM Highest-paid employee | – | $0 | $222,250 | $22,870 |
| PRISCILLA BATTS | DIRECTOR LEA Highest-paid employee | – | $0 | $125,384 | $13,280 |
| JENNIFER NEMITZ MORGAN | SPECIAL ASSI Highest-paid employee | – | $0 | $103,745 | $10,790 |
| GREGG WARREN | BOARD CHAIR Trustee or director, Officer | – | $0 | $0 | $0 |
| NIYA FONVILLE | BOARD VICE C Trustee or director, Officer | – | $0 | $0 | $0 |
| JOE WHITEHOUSE | SECRETARY Officer | – | $0 | $0 | $0 |
| ERIC BRAUN | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| SUSAN ELLINGER | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| ARNE MORRIS | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| BAHATI MUTISYA | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| YOLANDA WINSTEAD | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| VALERIE CRUTCHFIELD | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
990 for the year ended March 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELIZABETH EDGERTON | DIRECTOR ADM Highest-paid employee | – | $0 | $142,332 | $27,443 |
| JOSEPH FELTON | CEO Highest-paid employee | – | $0 | $124,365 | $23,088 |
| PRISCILLA BATTS | DIRECTOR LEA Highest-paid employee | – | $0 | $101,101 | $19,395 |
| GREGG WARREN | BOARD CHAIR Trustee or director, Officer | – | $0 | $0 | $0 |
| NIYA FONVILLE | BOARD VICE C Trustee or director, Officer | – | $0 | $0 | $0 |
| JOE WHITEHOUSE | SECRETARY Officer | 1 | $0 | $0 | $0 |
| ERIC BRAUN | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| SUSAN ELLINGER | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| ARNE MORRIS | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| BAHATI MUTISYA | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| YOLANDA WINSTEAD | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
| DORIS WRENCH | BOARD DIRECT Trustee or director | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 900 HAYNES ST, RALEIGH, NC 27604-1462
- Mailing address (990-N for 2021)
- 900 HAYNES STREET, RALEIGH NC 27604
- Principal officer (990 for 2024)
- GREGG WARREN, 900 HAYNES STREET, RALEIGH, NC 27604
- Principal officer (990-N for 2021)
- ELIZABETH EDGERTON, 900 HAYES STREET, RALEIGH NC 27604
- Signed the 990
- WILLIAM BIGGS, ACTING CEO
- Phone
- (919) 831-6670
- Return prepared by
- RUBINO AND COMPANY CHARTERED
Mission
PROVIDES HOUSING TO LOW TO MODERATE INCOME FAMILIES
Program accomplishments
- PROVIDES DEVELOPMENT SERVICES FOR LOW INCOME HOUSINGExpenses $1,277,930 · revenue $489,611
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1056589
- 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
- 2022
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $5,133,139
- Income (IRS master file)
- $2,099,552
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $2,099,552 | $1,701,112 | $5,133,139 | XML |
| 990 | March 2024 | $2,163,390 | $1,540,900 | $4,682,507 | XML |
| 990 | March 2023 | $4,261,234 | $577,750 | $4,033,062 | XML |
| 990-N for 2021 Officer: ELIZABETH EDGERTON | March 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-1056589).
Questions about OAK CITY AFFORDABLE COMMUNITIES INC
- What is the EIN of OAK CITY AFFORDABLE COMMUNITIES INC?
- The employer identification number (EIN) of OAK CITY AFFORDABLE COMMUNITIES INC is 87-1056589.
- Is OAK CITY AFFORDABLE COMMUNITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to OAK CITY AFFORDABLE COMMUNITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OAK CITY AFFORDABLE COMMUNITIES 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 OAK CITY AFFORDABLE COMMUNITIES INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OAK CITY AFFORDABLE COMMUNITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of OAK CITY AFFORDABLE COMMUNITIES INC?
- The 990 for the year ended March 31, 2025 names GREGG WARREN.
- Who are the officers and directors of OAK CITY AFFORDABLE COMMUNITIES INC?
- The 990 for the year ended March 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does OAK CITY AFFORDABLE COMMUNITIES INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $2,099,552, expenses of $1,701,112 and total assets of $5,133,139 at year end.
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