Appalachian Real Estate Development
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
- 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 gives
- Giving fell 69% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
About Appalachian Real Estate Development
Based on IRS filings
Appalachian Real Estate Development is a nonprofit organization 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
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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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
3 grants across all recorded years
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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,382,391 | $248,290 | $181,138 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 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
How large is Appalachian Real Estate Development?
Appalachian Real Estate Development 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?
Appalachian Real Estate Development is a nonprofit organization focused on Housing & Shelter, based in Boone, NC. It holds $287.8M in total assets as of 2025.
Where does Appalachian Real Estate Development operate?
Appalachian Real Estate Development has awarded grants in North Carolina.
What is Appalachian Real Estate Development's EIN?
Appalachian Real Estate Development'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 by hand.
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Appalachian Real Estate Development down — hundreds of funders to go?