Passage Home Inc
To break the cycle of poverty and create multi-generational self-sufficiency for the individuals and families of Wake county by helping them achieve housing and income security.
Passage Home Inc at a glance
- Total assets
- $10,188,516
- -2.0% vs 2024
- Revenue (2025)
- $3,437,955
- -21.7% vs 2024
- Net investment income (2025)
- $317
- -80.4% vs 2024
- Expenses (2025)
- $3,599,386
- -26.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Passage Home Inc funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $25K (2020) to $41K (2019). In 2020 it made 1 grant totaling $25K.
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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 | $10,188,516 | $3,437,955 | $3,599,386 | — | — | $317 |
| 2024 | $10,392,237 | $4,392,915 | $4,916,788 | — | — | $1,614 |
| 2023 | $10,649,821 | $4,628,188 | $4,732,071 | — | — | $1,149 |
| 2022 | $13,185,958 | $5,411,567 | $5,200,628 | — | — | $76 |
| 2021 | $13,846,729 | $5,275,274 | $5,601,943 | — | — | $15,189 |
| 2020 | $14,935,790 | $3,961,743 | $4,090,256 | $24,680 | 1 | $4,231 |
| 2019 | $14,606,500 | $3,605,447 | $3,944,590 | $41,420 | 1 | $145,329 |
About Passage Home Inc
Based on IRS filings
Passage Home Inc is a public charity focused on Housing & Shelter, based in Raleigh, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $10.2M in total assets. Net investment income was $317.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Passage Home Inc is led by Cari Boram, CEO on every filing since 2024; 1 of 15 officers listed in 2025 is compensated.
Officers on the 2025 filing
Cari Boram
CEO
On filings since 2024
40 hrs/week
$113K (2025)
Manoj Bhatia
President
Director → President, 2025
On filings since 2024
1 hr/week
No compensation reported
Michelle Cassell
Director
Director → Treasurer, 2021
Treasurer → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Yasmin Morton
Director
Director → Vice Chair, 2022
Vice Chair → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Demian Dellinger
Director
On filings since 2021
1 hr/week
No compensation reported
Cortina Clarkson
Director
On filings since 2022
1 hr/week
No compensation reported
Fred Aikens
Director
On filings since 2024
1 hr/week
No compensation reported
Wanda Hunter
Director
On filings since 2024
1 hr/week
No compensation reported
Ivey Chavis
Director
New on the 2025 filing
1 hr/week
No compensation reported
J. Russell Allen
Director
New on the 2025 filing
1 hr/week
No compensation reported
Quentin Miles
Director
New on the 2025 filing
1 hr/week
No compensation reported
Safiyah Jackson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Emma Paul
Secretary
Director → Secretary, 2022
On filings since 2021
1 hr/week
No compensation reported
Daquanta Copeland
Vice President
Director → Vice President, 2025
On filings since 2024
1 hr/week
No compensation reported
Candice Timmons
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (32)
- Former: Chris Foyles (2019–2024) — Chair
- Former: Seth Friedman (2019–2024) — CEO
- Former: Simon Akhamie (2019–2024) — Director
- Former: Jennifer Lampman (2021–2024) — Director
- Former: Russell Allen (2021–2024) — Director
- Former: Jessica Gore (2022–2024) — Director
- Former: Molly Stuart (2023–2024) — Director
- Former: Monika Johnson-Hosteler (2023–2024) — Director
- Former: Jonathan Melton (2024) — Director
- Former: Latatious Morris (2024) — Director
- Former: Vickie Adamson (2024) — Director
- Former: Corey Branch (2019–2023) — Director
- Former: Jessie Taliaferro (2019–2023) — Director
- Former: Don Mial (2023) — Director
- Former: Jessica Day (2019–2022) — Director
- Former: Sylvannus Simmons (2019–2022) — Director
- Former: Susan Evans (2020–2022) — Director
- Former: Amanda Bambrick (2021–2022) — Director
- Former: Abe Jones (2022) — Director
- Former: Keith Sutton (2019–2021) — Vice Chair
- Former: Phyllis Jones (2019–2021) — Director
- Former: Lisa Branch (2020–2021) — Director
- Former: Yasim Morton (2021) — Secretary
- Former: Alfred Leach (2019–2020) — Board Chair
- Former: Beth Trahos (2019–2020) — Director
- Former: Joseph Durham (2019–2020) — Vice Chair
- Former: Ken Marshburn (2019–2020) — Director
- Former: Rick Peele (2019–2020) — Treasurer
- Former: Yvonne Holley (2019–2020) — Director
- Former: Greg Ford (2019) — Director
- Former: Leo Martin (2019) — Director
- Former: Olen Leo Watson III (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $113K, to Cari Boram (CEO (Thru May 2025)).
Frequently asked questions about Passage Home Inc
How large is Passage Home Inc?
Passage Home Inc reported $10.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.4M.
What is Passage Home Inc?
Passage Home Inc is a public charity focused on Housing & Shelter, based in Raleigh, NC. It holds $10.2M in total assets as of 2025.
Where does Passage Home Inc operate?
Passage Home Inc has awarded grants in North Carolina.
What is Passage Home Inc's EIN?
Passage Home Inc's EIN (Employer Identification Number) is 56-1765360. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS January 22, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS December 4, 2020)
Explore Open Grants
Browse active grant opportunities in Passage Home Inc's focus areas in our free grants database
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Passage Home Inc down — hundreds of funders to go?