Cahec Capital Inc
Nonprofit profile at a glance
- EIN
- 471982875
- IRS 990 coverage
- 2016–2025
- Forms available
- Form 990 2025, Form 990-N 2015
- Location
- Raleigh, NC, USA
- Phone
- 9194200063
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $1,461,733
- Expenses
- $748,580
- Assets
- $15,248,453
- Liabilities
- $11,435,993
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DANA BOOLE (PRESIDENT AND CEO)
Highest reported compensation
- DANA BOOLE (PRESIDENT AND CEO): $913,340 total reported compensation
- ERIN GRIFFIN (SECRETARY/TREASURER): $438,179 total reported compensation
- BRIAN OXFORD (DIRECTOR, COMMUNITY CAPITAL): $296,412 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote community development by providing financing and technical assistance to lihtc developers to foster healthy, empowered and sustainable housing opportunities for low- and moderate-income individuals and families. In furtherance of its mission, the corporation will partner with organizations and businesses that focus their efforts on meeting the needs of low- and moderate income individuals and families. Emphasis will be placed on access to capital to finance a variety of activities intended to further the corporation's mission, including flexible financing programs that assist individuals and families with obtaining affordable housing.
What it reported doing in 2025
Provide community development financing to underserved and low-income populations, preserving and improving neighborhoods and retaining quality affordable communities.
Operating model
- Revenue model
- Other-operating. 74% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 69
- Accountability: 100
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.8%; rating input score 50
- Program expense ratio: 97.1%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 48.8%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 20.37; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 22.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 13% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 49.8% of revenue deployed · 97.1% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $727K in reported program spending
- Leadership: top reported pay $913K · 10 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Related organizations: 298 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 13/100.