Appalachian Real Estate Development Corporation
To exercise any and all rights of ownership with respect to real property and personal property in connection therewith for the benefit of the university, including to acquire, own, develop, lease, finance, manage, operate, sell, and transfer property. To do any and all other acts and things that are consistent with the purposes above and that may be deemed desirable or expedient for the benefit of the university, its programs, and its faculty, staff and students.
Key facts about Appalachian Real Estate Development Corporation
- EIN
- 56-2161660
- Latest 990 filing
- Form 990, 2025
- Total assets
- $287,782,771
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$287.8M
+206.2% YoY
Revenue
$17.3M
+80.7% YoY
Net Investment Income
$2.4M
+859.5% YoY
Expenses
$7.3M
+1.4% YoY
How Appalachian Real Estate Development Corporation gives
- Giving fell 69% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
About Appalachian Real Estate Development Corporation
Based on IRS filings
Appalachian Real Estate Development Corporation is a public charity focused on Housing & Shelter, based in Boone, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $287.8M in total assets. Net investment income was $2.4M.
Focus Areas
Ready to take the next step with Appalachian Real Estate Development Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $805K (2021) to $6.5M (2020). In 2023 it made 1 grant totaling $2.0M.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 3 (67%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $287,782,771 | $93,971,383 | $93,486,656 |
| Revenue | $17,265,333 | $9,554,888 | $8,834,099 |
| Expenses | $7,274,103 | $7,174,777 | $10,440,577 |
| Net Investment Income | $2,382,391 | $248,290 | $181,138 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS December 15, 2023)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 21, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 22, 2021)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Appalachian Real Estate Development Corporation is led by James J. Brown, President on every filing since 2022; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
James J. Brown
President
On filings since 2022
1 hr/week
No compensation reported
James M. Barnes
Chair
Director → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Scott K. Lampe
Director
On filings since 2020
1 hr/week
No compensation reported
David T. Jamison
Director
On filings since 2023
1 hr/week
No compensation reported
Cantey Alexander
Director
On filings since 2024
1 hr/week
No compensation reported
Nick Katers
Director
On filings since 2024
1 hr/week
No compensation reported
Greg Lovins
Director
New on the 2025 filing
1 hr/week
No compensation reported
Matthew C. Dull
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2024
On filings since 2020
7 hrs/week
No compensation reported
Fairley Bell Cook
Vice Chair
On filings since 2024
1 hr/week
No compensation reported
Former officers (3)
- Former: John E. Adams (2024) — Director
- Former: Sharon Bell (2020–2022) — Vice President
- Former: JJ Brown (2020–2021) — President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Appalachian Real Estate Development Corporation
How large is Appalachian Real Estate Development Corporation?
Appalachian Real Estate Development Corporation reported $287.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $17.3M.
What is Appalachian Real Estate Development Corporation?
Appalachian Real Estate Development Corporation is a public charity focused on Housing & Shelter, based in Boone, NC. It holds $287.8M in total assets as of 2025.
Where does Appalachian Real Estate Development Corporation operate?
Appalachian Real Estate Development Corporation has awarded grants in North Carolina.
What is Appalachian Real Estate Development Corporation's EIN?
Appalachian Real Estate Development Corporation's EIN (Employer Identification Number) is 56-2161660. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Appalachian Real Estate Development Corporation by hand.
Explore Open Grants
Browse active grant opportunities in Appalachian Real Estate Development Corporation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Charles Russell Wellons Foundation
Durham, NC
The Charles Russell Wellons Foundation funds religious and ministry-related work, education, and scholarships, with most 2024 grant dollars going to North Carolina organizations and additional support in nearby states. Grants ranged from $200 to $76,765, with a median of $3,100. It does not limit giving to preselected organizations; applicants should contact Charlene Hamlett for forms and materials.
Assets
$8.2M
Grants
24
Total Given
$195K
Samuel M and Alma Catsman Foundation
Stuart, FL
The Samuel M and Alma Catsman Foundation supports animal welfare, children’s services, health care and research, education, arts and culture, and community programs. Recent grants ranged from $1,000 to $110,000, with a median of $7,500, and went to organizations in Florida, North Carolina, and other states. It contributes only to preselected charities and does not accept unsolicited requests.
Assets
$5.4M
Grants
27
Total Given
$537K
North Carolina Scottish Rite Masonic Foundation Inc
Charlotte, NC
To provide grants to clinics in support of childhood language disorders to assist children with these disorders to overcome their disabilities.
Assets
$5.1M
Grants
3
Total Given
$118K
The Troy Foundation
Troy, OH
The Troy Foundation funds arts and culture, education, health and human services, youth development, environmental protection, community beautification, and emergency assistance for nonprofits. In 2024, grants ranged from $5,310 to $2,438,051, with a median of $22,806; its giving includes Troy and nearby communities, as well as recipients elsewhere in Ohio. Unsolicited requests are not addressed generally, though some specific programs invite eligible organizations to inquire or apply.
Assets
$159.1M
Grants
141
Total Given
$9.1M
KPMG US Foundation Inc
Montvale, NJ
KPMG US Foundation supports education, mental health, community vitality, and community relief and resilience, with grants distributed across the United States. Its 2025 grants had a median of $25,000, though amounts ranged from about $5,000 to $2.2 million. The available information does not say whether it accepts unsolicited requests.
Assets
$12.4M
Grants
387
Total Given
$33.5M
Invited Foundation
Irving, TX
Invited Foundation supports local nonprofits through its Charity Classic fundraisers, with past recipients working in areas including veterans and military families, children’s health and development, and education; it also provides hardship assistance to employees. Its 2024 grants ranged from $5,125 to $392,794, with a median of $17,597, and half of grant dollars went to Texas recipients, alongside support in other states. The profile does not state whether it accepts unsolicited requests.
Assets
$1.7M
Grants
89
Total Given
$2.8M
Samuel P Sutton 31S046008
Columbus, GA
Assets
$443K
Grants
9
Total Given
$20K
The Walter and Lalita Janke
Vero Beach, FL
The Walter and Lalita Janke makes grants to a varied set of charitable organizations, including universities, religious organizations, and other nonprofits; listed purposes were “various social welfare.” In 2024, grants ranged from $200 to $104,000, with a median of $3,000, and 83% of funding went to Florida recipients. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$7.9M
Grants
36
Total Given
$267K
Ellucian Foundation
Reston, VA
The Ellucian Foundation funds higher education institutions that provide direct aid to students facing financial hardship, including help with tuition, housing, food, and transportation. Its typical PATH grants are $10,000–$25,000 (the 2025 median was $15,000), supporting eligible institutions in the U.S. and specified other countries; applications are submitted online, but the profile does not state whether unsolicited requests are accepted.
Assets
$99K
Grants
40
Total Given
$595K
First Citizens Foundation Inc
Smithfield, NC
The foundation supports charitable organizations, colleges, and universities, including operating activities and scholarships, with most recent grants going to North Carolina recipients and a small share to Pennsylvania. In 2025, grants ranged from $1,500 to $5,000, with a median of $2,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$565K
Grants
11
Total Given
$32K
L Coulter Foundation
Coral Gables, FL
Assets
$4.8M
Grants
9
Total Given
$190K
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
More Funders in North Carolina
Appalachian Real Estate Development Corporation down — hundreds of funders to go?