DEMOGRAPHIC
ADDRESS
900 HAYNES ST
27604
COUNTY
wake county, NC
ORGANIZATIONAL OVERVIEW & RANKINGS
OAK CITY AFFORDABLE COMMUNITIES INC is a based in RALEIGH, NC, focused on Housing, Shelter causes , specifically Public Housing Facilities. Established in March 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $4,033,062.00, this ranks 102,581 among 2,656,690 nonprofits nationally (Top 4%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 2,438 out of 80,207 organizations in NC (Top 4%).
In wake county, NC, the organization ranks 356 out of 10,332 nonprofits by assets (Top 4%), while locally in raleigh, it stands at 292 among 6,106 organizations (Top 5%).
The organization reported annual revenue of $4,261,234.00, ranking 53,574 nationally (Top 3%) and 1,318 in NC (Top 2%).
Within its specific NTEE classification (L21 - L: Housing, Shelter), which includes 3,761 similar organizations, OAK CITY AFFORDABLE COMMUNITIES INC ranks 450 in assets (Top 12%) and 88 in revenue (Top 3%).
The organization files a 990 (all other) or 990EZ return and operates on a February fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L21: Public Housing Facilities
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
03/2023
ACCOUNTING PERIOD
03
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$4,261,234.00
FORM 990 REVENUE AMOUNT
$4,261,234.00
RULING DATE
03/2022
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$4,033,062.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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