CARES PROJECT INC

WINSTON SALEM, NC | Forsyth County
Community Services

Overview

CARES PROJECT INC
81-2944362
3410 HEALY DR STE 209
WINSTON SALEM, NC 27103
Forsyth County
(336) 751-0313

Mission Statement info

THE CARES PROJECT, INC. IS A NON-PROFIT EMERGING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SERVING PEOPLE WITH INCOMES AT OR BELOW EIGHTY PERCENT OF THE AREA MEDIAN FAMILY INCOME WHO LIVE IN FORSYTH, DAVIE, AND DAVIDSON COUNTIES. THE ORGANIZATION'S MISSION IS TO HELP LOW INCOME INDIVIDUALS AND FAMILIES TO BECOME FINANCIALLY SECURE THROUGH CAR OWNERSHIP, BY MAKING COMMUNITY-FUNDED VEHICLE LOANS AND BY BUILDING SKILLS THROUGH FINANCIAL AND CREDIT COACHING.

Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
CRA Category info
  • Community Services
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Nonprofit Classification (NTEE Code) info
P51

P - Human Services

Financial Counseling

Organizations that provide advice and guidance for people who need assistance in obtaining credit, obtaining or correcting information in their credit records, reducing their debt burden or managing their financial resources more effectively.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624190
Other Individual and Family Services

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2018
$114,148
CDFI Technical Assistance
2017
$123,241
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$164.7K
Revenue
$164.7K
Assets
$125.7K
Exempt Ruling Date info
2016-09
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
NC
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
3410 HEALY DR STE 209
WINSTON SALEM, NC 27103
Forsyth County
FIPS Geocoded Address info
49180
MSA/CBSA info
37
State info
067
County info
0806.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Winston-Salem, NC
Combined Statistical Area info
Greensboro--Winston-Salem--High Point, NC
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 25.61%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0806.00 Forsyth County
Population
Total Population 3,526 42,257
Total Households 1,405 16,405
Income
Median Family Income (Census*) $56,552 $60,434
Median Family Income (2019 FFIEC) $61,500 N/A
Tract Income Percentage 100.02% N/A
Below Poverty Level 13.6% 13.9%
Unemployment Level 4.8% 3.9%
Housing
Total Housing Units 1,619 18,753
Total Owner-Occupied Units 60.3% 79.8%
Total Renter-Occupied Units 26.4% 20.2%
Total Vacant Units 13.2% 7%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body
info
Not reported
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Scott McLaughlin
CEO
(336) 840-1555
Principal Officer info
Not reported by nonprofit.
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.