Community Affordable Housing Equity Corporation
CAHEC'S PRIMARY MISSION IS TO RAISE CAPITAL TO FINANCE THE DEVELOPMENT OF AFFORDABLE MULTI-FAMILY RENTAL HOUSING UNDER THE PROVISIONS OF THE FEDERAL LOW-INCOME HOUSING TAX CREDIT PROGRAM (SECTION 42 OF IRC); and MAKE AVAILABLE AN ARRAY OF SUPPORTIVE SERVICE initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28.3M
-5.4% YoY
Annual Giving
$208K
+9.0% YoY
Grant Count
18
+12.5% YoY
Avg Grant Size
$12K
-3.1% YoY
About Community Affordable Housing Equity Corporation
Based on IRS filings
Community Affordable Housing Equity Corporation is a nonprofit organization focused on Housing & Shelter, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.3M in total assets. In 2024, it awarded 18 grants totaling $208K. Net investment income was $214K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,274,760 | $29,897,037 | $32,501,366 |
| Revenue | $17,757,204 | $10,248,278 | $13,277,781 |
| Expenses | $17,030,014 | $14,733,274 | $13,847,624 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $214,425 | $24,072 | $94 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Housing Assistance Corporation ($25,000), Habitat for Humanity of Durham Inc ($25,000), Pine Crossing LLC ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Housing Assistance Corporation Hendersonville, NC | Open Doors Homeownership Grant | $25,000 |
| Habitat for Humanity of Durham Inc Durham, NC | Open Doors Homeownership Grant | $25,000 |
| Mark At Woodford SC LLC Charlotte, NC | Active Lifestyle Grant | $13,439 |
| Pine Crossing LLC Hendersonville, NC | Active Lifestyle Grant | $15,000 |
| Fernhill Housing LLC Davidson, NC | Active Lifestyle Grant | $15,000 |
| Spring Field SC Limited Partnership Greensboro, NC | Active Lifestyle Grant | $5,000 |
| Oak View At Siler City LLC New Albany, OH | Active Lifestyle Grant | $15,000 |
| New Hope Place LLC Bristol, VA | Active Lifestyle Grant | $15,000 |
| New Fair Oaks Lane Apartments LP Columbia, SC | Active Lifestyle Grant | $10,000 |
| Forest Glen Apartments LLC Charlotte, NC | Active Lifestyle Grant | $14,160 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Andrew Bowden | Board Member | 1 | — |
| Anne Conner | Chairman of the Board | 1 | — |
| John Rucker | Board Member | 1 | — |
| Keith Nisbet | Board Member | 1 | — |
| Margaret Penn | Secretary & Treasurer | 1 | — |
| Nate Barber | Vice Chair | 1 | — |
| Scott Selig | Board Member | 1 | — |
| Stephen O'Connor | Board Member | 1 | — |
| William Turner | Board Member | 1 | — |
| Dana Boole | President and CEO | 40 | $705,268 |
| Erin Griffin | Chief Financial Officer | 40 | $343,478 |
| Robert Landis | Sr. Vice President | 40 | $238,694 |
| Sonya Prear | Vice President | 40 | $297,396 |
| William Mayo | Vice President | 40 | $314,139 |
| Amy Mallory | Manager, Fund Management | 40 | $242,297 |
| Brian Oxford | Manager, Community Capital | 40 | $242,911 |
| George Baker | VP, CAHEC Properties Corp. | 40 | $270,108 |
| Joseph Erdelyi | Manager, Risk Management | 40 | $189,363 |
| Marcus Gipner | Manager, Fund Development | 40 | $264,175 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Community Affordable Housing Equity Corporation?
Community Affordable Housing Equity Corporation is a nonprofit organization focused on Housing & Shelter, based in RALEIGH, NC. It holds $28.3M in total assets as of 2024.
How large is Community Affordable Housing Equity Corporation?
As of 2024, Community Affordable Housing Equity Corporation holds $28.3M in total assets with $17.8M in annual revenue. It awarded 18 grants totaling $208K in 2024.
Where does Community Affordable Housing Equity Corporation operate?
Community Affordable Housing Equity Corporation has awarded grants in Alabama, Delaware, Florida, Georgia, Kentucky, Mississippi, North Carolina, New York, Ohio, South Carolina, Virginia, West Virginia.
What size grants does Community Affordable Housing Equity Corporation award?
In 2024, Community Affordable Housing Equity Corporation awarded 18 grants totaling $208K — an average of about $12K per grant, based on its IRS Form 990 filings.
What is Community Affordable Housing Equity Corporation's EIN?
Community Affordable Housing Equity Corporation's EIN (Employer Identification Number) is 56-1805915. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Community Affordable Housing Equity Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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