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Filing year 2023

LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION

Cornelius, North Carolina·EIN 88-2751895·NTEE S31 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$499k
Total assets
$414k
Total expenses
$114k
Reported officers
9
Mission

A NON-PROFIT FOCUSED ON CHANGING PEOPLE'S LIVES THROUGH ADVANCING ATTAINABLE AFFORDABLE HOUSING IN THE LAKE NORMAN REGION.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in North Carolina.

Executive Di
25th percentile to median
$47k
$51k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION equaled 41% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
41%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION

What does the Chief Executive Officer of LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION received $46,500 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in North Carolina, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in North Carolina, the 2023 pay of the Chief Executive Officer at LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION falls between the 25th percentile and the median. In 2023, the highest total compensation at LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION equaled 41% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, LAKE NORMAN COMMUNITY DEVELOPMENT CORPORATION reported $499k in total revenue and $114k in total expenses on its IRS Form 990.

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