Raleigh Village East

Nonprofit profile at a glance

EIN
832247489
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Raleigh, NC, USA
Phone
9198211350
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$111,340
Expenses
$116,914
Assets
$18,022
Liabilities
$3,969

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DEBORAH OWENS (CHIEF EXECUTIVE OFFICER)

People named in this filing

  • ELLEN FORT (BOARD MEMBER)
  • SARA STOHLER (BOARD MEMBER)
  • PETER RUMSEY (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of raleigh village east is to give residents of downtown neighborhoods, as they grow older, the practical means to live their lives to the fullest in their homes by providing information, services and activities that foster a strong sense of community.

What it reported doing in 2024

Raleigh village east contributed to the ability and wishes of 451 village seniors, most in marginalized communities, to remain in their homes. We markedly expanded our efforts towards the physical and accessibility conditions of their homes, leveraging a raleigh nc home revitalization program and augmenting it with essential emergency repairs and modifications. In addition, we assisted 390 aging villagers with senior targeted vaccines (covid, flu, and pneumococcal) along with providing rapid test kits, masks and other ppe supplies. In total we assisted 841 villagers in 2023.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 100
  • Sustainability: 17
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22.5%; rating input score 22
  • Program expense ratio: 21.4%; rating input score 21

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.15; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 42.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 88% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -13.6% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 22.5% of revenue deployed · 21.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $25K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 22/100.
  • High — Financial Efficiency: Program expense ratio scored 21/100.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.