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CHADWICK APARTMENTS INC

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Public IRS 990 nonprofit record

CHADWICK APARTMENTS INC

EIN 56-1786295 · Housing & Shelter (L20Z)

What they do

THE NOT for PROFIT CORPORATION WAS ORGANIZED to OWN and OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT to SECTION 202 of THE NATIONAL HOUSING ACT AS AMENDED and HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION of THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION of HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE for LOW INCOME FAMILIES (OR PERSONS).

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $76.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.2%of expenses went to mission work85.10% of revenue
$111.66spent for every $100 of revenueSpending was higher than revenue this year.
23.8%of expenses went to management and office costs26.50% of revenue
$3.26in assets for every $1 spent this yearSome assets cannot be spent right away.
38.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $38,039 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $18,152 for PATRICIA ROPER (ACCOUNTING AND BENEFITS MANAGER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Where each $100 of expenses went

The first percentage is the spending mix. The second compares that amount with the charity’s revenue.

Mission workProgram services76.2% of expenses85.10% of revenue
ManagementOffice and general costs23.8% of expenses26.50% of revenue
FundraisingAsking for donations0.0% of expenses
Total expenses111.70% of revenue

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202476.2% mission
202372.9% mission
202271.8% mission
202172.0% mission
202071.3% mission
201970.3% mission
201872.2% mission
201773.0% mission

Money in and money out

Revenue$326,302
Expenses$364,341
Annual shortfall $38,039 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$277,766 · 76.2% of expenses
Management and office costs$86,575 · 23.8% of expenses
See all reported dollar amounts
Revenue$326,302
Expenses$364,341
Assets$1,189,163
Income$326,302
Contributions$124,431
Mission work (program services)$277,766
Management and general$86,575
Accounting fees$6,573
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PATRICIA ROPERACCOUNTING AND BENEFITS MANAGER $18,152Base · Other $18,152
YOLANDA WINSTEADPRESIDENT $16,974Base · Other $16,974
SHARON LORDENVICE PRESIDENT $14,372Base · Other $14,372
SHEILA PORTERVP OF HOMEOWNERSHIP CENTER $13,687Base · Other $13,687
NATALIE BRITTVICE PRESIDENT $10,636Base · Other $10,636
ATINUKE DIVERVP OF IMPACT $9,192Base · Other $9,192
JOSEPH OMOZOKPEASENIOR PROJECT MANAGER $8,719Base · Other $8,719
WILLIAM WARDTREASURER $7,392Base · Other $7,392
TIMOTTHY FISHERSENIOR PROJECT MANAGER $7,292Base · Other $7,292
PATRICK NERZSENIOR PROJECT MANAGER $7,202Base · Other $7,202
KAYLA ROSENBURGDIRECTOR OF ENTERPRISE S&D $5,906Base · Other $5,906

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

PATRICIA ROPERACCOUNTING AND BENEFITS MANAGER

YOLANDA WINSTEADPRESIDENT

SHARON LORDENVICE PRESIDENT

SHEILA PORTERVP OF HOMEOWNERSHIP CENTER

NATALIE BRITTVICE PRESIDENT

ATINUKE DIVERVP OF IMPACT

JOSEPH OMOZOKPEASENIOR PROJECT MANAGER

WILLIAM WARDTREASURER

TIMOTTHY FISHERSENIOR PROJECT MANAGER

PATRICK NERZSENIOR PROJECT MANAGER

KAYLA ROSENBURGDIRECTOR OF ENTERPRISE S&D

BETSY ROZAKISMEMBER

GORDON GRUBBMEMBER

JORDAN MANESSVICE CHAIR

MEGHAN MELLOYMEMBER

TYLER CRAFTCHAIR

About this charity

Recognized since
January 1992
Location
PO BOX 2185, RALEIGH, NC 27602
County
Wake
In care of
SHARON LORDEN
Primary officer
SHARON LORDEN, CFO/SVP OF OPERATIONS

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
DAUBY OCONNOR & ZALESKI LLC
NTEE classification
Housing & Shelter (L20Z)
IRS tax category
Other Community Housing Services

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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