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.
Appalachian Real Estate Development Corporation at a glance
- Total assets
- $287,782,771
- +206.2% vs 2024
- Revenue (2025)
- $17,265,333
- +80.7% vs 2024
- Net investment income (2025)
- $2,382,391
- +859.5% vs 2024
- Expenses (2025)
- $7,274,103
- +1.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Appalachian Real Estate Development Corporation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Appalachian Real Estate Development Corporation gives
- Giving fell 69% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Appalachian State University Boone, NC | Support Payments | $2,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $287,782,771 | $17,265,333 | $7,274,103 | — | — | $2,382,391 |
| 2024 | $93,971,383 | $9,554,888 | $7,174,777 | — | — | $248,290 |
| 2023 | $93,486,656 | $8,834,099 | $10,440,577 | $2,000,000 | 1 | $181,138 |
| 2022 | $99,024,525 | $6,456,684 | $5,799,935 | $1,394,911 | 1 | $22,087 |
| 2021 | $97,614,551 | $5,517,801 | $4,533,449 | $804,943 | 1 | $13,561 |
| 2020 | $21,920,577 | $4,496,463 | $9,458,097 | $6,455,348 | 1 | $64,472 |
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
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.
Data update history
(5)
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
Live grants for the work Appalachian Real Estate Development Corporation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Appalachian Real Estate Development Corporation's focus areas in our free grants database
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