Choanoke Area Development Assoc
Rich Square, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Poor
How This Organization Compares
Compared to 3 peers in Housing & Shelter with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $10,178,158↑1% | $10,723,052↑6% | $3,273,783↑7% | — |
| 2022 | $10,029,317↓3% | $10,100,985↓3% | $3,058,775↓6% | — |
| 2021 | $10,393,050↑5% | $10,360,426↑2% | $3,243,319↓54% | — |
| 2020 | $9,938,754↓1% | $10,199,709↓3% | $7,096,224↑79% | — |
| 2019 | $10,081,161↓7% | $10,466,744↓4% | $3,964,062↓12% | — |
| 2018 | $10,797,585↓4% | $10,942,915↓2% | $4,512,369↑1% | — |
| 2017 | $11,213,714↑6% | $11,214,085↑6% | $4,455,180↓3% | — |
| 2016 | $10,609,732↑7% | $10,545,876↑6% | $4,603,385↑31% | — |
| 2015 | $9,943,713 | $9,969,282 | $3,517,032↓2% | — |
| 2014 | $9,898,888↓8% | $9,973,323↓8% | $3,588,983↓9% | — |
| 2013 | $10,708,348↓4% | $10,835,467↓11% | $3,962,717↓2% | — |
| 2012 | $11,155,469↓23% | $12,196,949↓13% | $4,048,603↓18% | — |
| 2011 | $14,523,716 | $14,012,032 | $4,926,954 | — |
Frequently Asked Questions
What does Choanoke Area Development Assoc do?▼
Choanoke Area Development Assoc is a housing & shelter nonprofit organization based in North Carolina. It is classified under NTEE code L21Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Choanoke Area Development Assoc financially healthy?▼
Based on our 9-metric Financial Health Score model, Choanoke Area Development Assoc has a score of 34/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Choanoke Area Development Assoc generate?▼
Choanoke Area Development Assoc reports $10.9M in annual revenue and holds $7.8M in total assets, based on IRS filings.
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