Operating record

Community Apartments Corporation Of Franklin County

Raleigh, NC · EIN 56-2196137 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$74,686$62,176$12,510-41.60%
2021$81,127$70,739$10,388-34.80%
2022$81,491$71,059$10,432-32.90%
2023$82,712$71,517$11,195-30.80%

In its most recent public year (2023), this organization brought in $11,195 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-30.8 months), up from -41.6 in 2020. Staff pay was 0% of spending.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗