Is it real?
Yes. Exemption reinstated (2023-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $50K paid to officers and key staff.
Isabelle Gillespie’s $50K as Executive Director is at the 39th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides Union County residents with affordable housing, decent jobs, and a sense of security.
Questions for Monroe-Union County Community Development Corporation
Your first name shows with your question. Monroe-Union County Community Development Corporation answers here, for everyone.
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The organization assisted low and moderate income individuals in obtaining affordable housing through the use of grants, mortgage assistance loans, and subsidized loans in the union county, nortrh carolina area.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $415K | $353K |
| Land, buildings, equipmentLn 10c | $303K | $297K |
| Total assetsLn 16 | $782K | $713K |
| LiabilitiesLn 26 | $29K | $26K |
| Net assetsLn 32 | $753K | $687K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $110K | $99K | $10K | $1K |
| Other employee benefitsLn 9 | $27K | $25K | $2K | $273 |
| Payroll taxesLn 10 | $8K | $8K | $758 | $85 |
| Accounting feesLn 11c | $10K | $10K | ||
| Other fees for servicesLn 11g | $19K | $19K | ||
| Office expensesLn 13 | $2K | $132 | $2K | |
| OccupancyLn 16 | $31K | $28K | $3K | |
| TravelLn 17 | $1K | $1K | ||
| InterestLn 20 | $788 | $788 | ||
| Depreciation, depletion and amortizationLn 22 | $13K | $13K | ||
| InsuranceLn 23 | $9K | $8K | $910 | |
| Other expenses (24a–d)Ln 24 | $16K | $15K | $847 | |
| All other expensesLn 24e | $851 | $42 | $809 | |
| Total functional expensesLn 25 | $248K | $215K | $32K | $1K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $164K | $248K | −$84K | $687K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $164,274 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $164,274 across 8 lines filed
Part IX · Statement of functional expenses $247,960 across 13 lines filed
Part X · Balance sheet $712,859 assets, 11 lines filed
Part XI · Reconciliation of net assets $687,313 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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