Mid-atlantic Council For Affordable Housing
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Mid-atlantic Council For Affordable Housing is a 501(c)(6) organization based in Wake Forest, North Carolina, registered in 1986, with $104,432 in FY2023 revenue. CharityIndex grades it C.
8705 Ormand Way, Wake Forest, NC, 27587 EIN 56-1454634 Since 1986
Revenue (FY2023)
$104K
▲ 11.8% vs prior year
Expenses (FY2023)
$120K
Net assets
$80K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mid-atlantic Council For Affordable Housing— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating8 mo reserves · -15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mid-atlantic Council For Affordable Housing: 8 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mid-atlantic Council For Affordable Housing— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mid-atlantic Council For Affordable Housing: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 8705 Ormand Way, Wake Forest, NC, 27587
- City
- Wake Forest
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $76K (FY2011) to $104K (FY2023) across 13 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $228Net assets $80K
Operating margin
-15.0%
Spent more than it raised in the latest fiscal year.
Total assets
$81K
Total liabilities
$228
Net assets
$80K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $104,432▲11.8% | $120,063▲22.8% | $80,464▼16.3% | $80,692▼17.1% | 990EZ |
| 2022 | $93,429▼3.8% | $97,803▲3.5% | $96,095▼4.4% | $97,385▼3.7% | 990EZ |
| 2021 | $97,127▲129% | $94,476▲143% | $100,469▲2.7% | $101,169▼11.7% | 990EZ |
| 2020 | $42,330▼59.7% | $38,917▼64.4% | $97,818▲3.6% | $114,510▲21.1% | 990EZ |
| 2019 | $105,145▲19.6% | $109,169▲2.4% | $94,405▼4.1% | $94,554▼4.1% | 990EZ |
| 2018 | $87,881▼2.8% | $106,639▲21.8% | $98,429▼16.0% | $98,548▼16.1% | 990EZ |
| 2017 | $90,429▼13.5% | $87,567▼14.7% | $117,187▲2.5% | $117,428▲2.4% | 990EZ |
| 2016 | $104,505▲4.2% | $102,615▼4.8% | $114,325▲1.7% | $114,621▲1.7% | 990EZ |
| 2015 | $100,283▲10.6% | $107,817▲21.6% | $112,435▼6.3% | $112,728▼6.3% | 990EZ |
| 2014 | $90,707▲13.7% | $88,696▲17.1% | $119,969▲1.7% | $120,282▲1.7% | 990EZ |
| 2013 | $79,768▼19.9% | $75,741▼14.0% | $117,958▲3.5% | $118,251▼1.7% | 990EZ |
| 2012 | $99,599▲30.5% | $88,023▲29.3% | $113,931▲11.3% | $120,243▲17.5% | 990EZ |
| 2011 | $76,340 | $68,063 | $102,355 | $102,355 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Mid-atlantic Council For Affordable Housing a legitimate nonprofit?
- Yes. Mid-atlantic Council For Affordable Housing is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 56-1454634, based in Wake Forest, North Carolina.
- What is Mid-atlantic Council For Affordable Housing's EIN?
- Mid-atlantic Council For Affordable Housing's Employer Identification Number (EIN) is 56-1454634.
- How much revenue does Mid-atlantic Council For Affordable Housing report?
- Mid-atlantic Council For Affordable Housing reported $104,432 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mid-atlantic Council For Affordable Housing have?
- CharityIndex grades Mid-atlantic Council For Affordable Housing C, based on financial health (reserves and operating margin).
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Data for Mid-atlantic Council For Affordable Housing (EIN 56-1454634) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.