Cedar Creek Housing Inc
Cedar Creek Housing Inc. consistently operates at a deficit, drawing down assets while maintaining stable liabilities.
EIN: 161754294 · Dunn, NC · NTEE: L22 · Updated: 2026-03-28
Is Cedar Creek Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cedar Creek Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cedar Creek Housing Inc
Cedar Creek Housing Inc (EIN: 161754294) is a nonprofit organization based in Dunn, NC, classified under NTEE code L22. The organization reported total revenue of $205K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cedar Creek Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cedar Creek Housing Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $253K |
| Surplus / Deficit | $-50,682 |
| Total Assets | $1.9M |
| Total Liabilities | $3.0M |
| Net Assets | $-1,050,131 |
| Operating Margin | -25.0% |
| Debt-to-Asset Ratio | 155.1% |
| Months of Reserves | 90.3 months |
Financial Health Grade: C
In 2023, Cedar Creek Housing Inc reported a deficit of $51K with expenses exceeding revenue, holds 90.3 months of operating reserves (strong position), has a debt-to-asset ratio of 155.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cedar Creek Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | -6.6% | -2.6% |
| 2022 | +1.3% | +19.5% | -3.0% |
| 2021 | -1.8% | -8.3% | -0.3% |
| 2020 | +12.6% | -2.7% | -2.5% |
| 2019 | +10.3% | +2.1% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cedar Creek Housing Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cedar Creek Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 155.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a strong commitment to directing resources towards the mission rather than high administrative salaries, or that leadership is entirely volunteer-based.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cedar Creek Housing Inc's IRS 990 filings:
- Consistent operating deficits, with expenses regularly exceeding revenue (e.g., $253,240 expenses vs. $202,558 revenue in 2023).
- Declining asset base over the past decade, from $2,473,881 in 2014 to $1,906,603 in 2023, indicating reliance on reserves to cover deficits.
- High liabilities relative to assets, consistently around $2.9 million, which could pose a risk if revenue streams are not secured.
Strengths
The following positive indicators were identified for Cedar Creek Housing Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership or a volunteer-led structure.
- Stable revenue generation over the past few years, hovering around $200,000 annually.
- Substantial asset base of over $1.9 million, providing some financial cushion despite the deficits.
Frequently Asked Questions about Cedar Creek Housing Inc
Is Cedar Creek Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cedar Creek Housing Inc (EIN: 161754294) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Cedar Creek Housing Inc spend its money?
Cedar Creek Housing Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cedar Creek Housing Inc tax-deductible?
Cedar Creek Housing Inc is registered as a tax-exempt nonprofit (EIN: 161754294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cedar Creek Housing Inc. financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earns, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $253,240 against revenue of $202,558. This trend has led to a decrease in assets from $2,473,881 in 2014 to $1,906,603 in 2023. While current assets are substantial, this pattern is not sustainable long-term without new funding strategies or expense reductions.
What is the nature of the organization's significant liabilities?
The organization consistently reports liabilities around $2.9 million. Given its NTEE code L22 (Housing Development, Construction & Management), these liabilities likely relate to mortgages, loans, or other financing for its housing properties. Further investigation into the 990 forms would be needed to determine the specific nature and terms of these liabilities.
How does Cedar Creek Housing Inc. cover its operating deficits?
The consistent operating deficits suggest the organization is either drawing down its asset base or relying on existing lines of credit/loans to cover the difference between its revenue and expenses. The decline in assets from $2.47 million to $1.9 million over a decade supports the former.
Filing History
IRS 990 filing history for Cedar Creek Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cedar Creek Housing Inc's revenue has grown by 65.8%, moving from $122K to $203K. Total assets decreased by 29.5% over the same period, from $2.7M to $1.9M. Total functional expenses rose by 36.3%, from $186K to $253K. In its most recent filing year (2023), Cedar Creek Housing Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $1.9M in assets (debt-to-asset ratio: 155.1%), resulting in net assets of $-1,050,131.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $253K | $1.9M | $3.0M | — | — |
| 2022 | $205K | $271K | $2.0M | $3.0M | — | — |
| 2021 | $202K | $227K | $2.0M | $3.0M | — | — |
| 2020 | $206K | $248K | $2.0M | $2.9M | — | View 990 |
| 2019 | $183K | $254K | $2.1M | $2.9M | — | View 990 |
| 2018 | $165K | $249K | $2.2M | $2.9M | — | View 990 |
| 2017 | $154K | $244K | $2.2M | $2.9M | — | View 990 |
| 2016 | $140K | $216K | $2.3M | $2.9M | — | View 990 |
| 2015 | $121K | $209K | $2.4M | $2.9M | — | View 990 |
| 2014 | $120K | $195K | $2.5M | $2.9M | — | View 990 |
| 2013 | $120K | $197K | $2.5M | $2.9M | — | View 990 |
| 2012 | $120K | $193K | $2.6M | $2.9M | — | View 990 |
| 2011 | $122K | $186K | $2.7M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $253K, and assets of $1.9M (revenue -1.0% year-over-year).
- 2022: Revenue of $205K, expenses of $271K, and assets of $2.0M (revenue +1.3% year-over-year).
- 2021: Revenue of $202K, expenses of $227K, and assets of $2.0M (revenue -1.8% year-over-year).
- 2020: Revenue of $206K, expenses of $248K, and assets of $2.0M (revenue +12.6% year-over-year).
- 2019: Revenue of $183K, expenses of $254K, and assets of $2.1M (revenue +10.3% year-over-year).
- 2018: Revenue of $165K, expenses of $249K, and assets of $2.2M (revenue +7.6% year-over-year).
- 2017: Revenue of $154K, expenses of $244K, and assets of $2.2M (revenue +9.7% year-over-year).
- 2016: Revenue of $140K, expenses of $216K, and assets of $2.3M (revenue +15.6% year-over-year).
- 2015: Revenue of $121K, expenses of $209K, and assets of $2.4M (revenue +0.7% year-over-year).
- 2014: Revenue of $120K, expenses of $195K, and assets of $2.5M (revenue +0.7% year-over-year).
- 2013: Revenue of $120K, expenses of $197K, and assets of $2.5M (revenue -0.4% year-over-year).
- 2012: Revenue of $120K, expenses of $193K, and assets of $2.6M (revenue -1.7% year-over-year).
- 2011: Revenue of $122K, expenses of $186K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cedar Creek Housing Inc:
Data Sources and Methodology
This transparency report for Cedar Creek Housing Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.