2025-11-11T16:23:56-05:00 2024-12-31 561053187 MADDISON & CAISON LLP 2501 BLUE RIDGE RD STE 380 RALEIGH NC 27607 990 2024-01-01 820614057 SE RALEIGH PROMISE INC SERA 9197460900 1425 PROMISE BEACON CIRCLE STE 214 RALEIGH NC 27610 YVETTE HOLMES CEO 9194172223 2025-11-03 true true SUSAN GLENDENNING P00921817 9198215482 2025-11-11 2024 2025-03-06 01:10:19Z X YVETTE HOLMES 1425 PROMISE BEACON CIRCLE STE 214 RALEIGH NC 27610 1479848 false X WWW.SERPROMISE.ORG X 2016 NC SE RALEIGH PROMISE, INC. WORKS ALONGSIDE NEIGHBORS, KEY PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE AND PROSPER. 12 12 24 12 0 1630598 1459648 0 2711 14739 3641 5461 1636950 1479848 0 0 604143 755498 0 187680 260764 348819 864907 1104317 772043 375531 1589731 2869142 162520 1066400 1427211 1802742 X SOUTHEAST RALEIGH PROMISE IS A LOCAL NONPROFIT WHOSE MISSION IS TO SERVE ALONGSIDE NEIGHBORS, STRATEGIC PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE, AND PROSPER. TO ADVANCE THIS MISSION, SOUTHEAST RALEIGH PROMISE SERVES AS A COMMUNITY QUARTERBACK LEADING RALEIGH/WAKE COUNTY'S FIRST PURPOSE BUILT COMMUNITIES MODEL, A NATIONAL PLACE-BASED INITIATIVE FOCUSED ON 4 KEY PILLARS: ECONOMIC VITALITY, MIXED-INCOME HOUSING, CRADLE TO CAREER EDUCATION, AND HEALTH AND COMMUNITY WELLNESS. false false 598693 IN 2024, SOUTHEAST RALEIGH PROMISE ACTIVITIES INCLUDED ADVANCING THE DEVELOPMENT OF 25 AFFORDABLE RENTAL UNITS ON 9 CITY-OWNED PARCELS LOCATED IN SOUTHEAST RALEIGH AND LEVERAGING RESOURCES AND PARTNERSHIPS TO PRESERVE WEALTH THROUGH HOMEOWNERSHIP OF LEGACY RESIDENTS WITHIN THE PROMISE ZONE. SE RALEIGH PROMISE ALSO PROVIDED ONGOING LEADERSHIP AND SUPPORT OF ITS FIRST PURPOSE BUILT COMMUNITIES COLLABORATION: THE BEACON SITE, IS A 32- ACRE CAMPUS HOME TO THE SER YMCA, SER ELEMENTARY SCHOOL, BEACON RIDGE APARTMENTS, AND BEACON POINT OFFICE BUILDING. ACTIVITIES INCLUDED PARTNERING TO SUPPORT CLUB ROAR AN AFTER-SCHOOL STEAM ENRICHMENT PROGRAM OFFERED TO 80+ SOUTHEAST RALEIGH ELEMENTARY STUDENTS; PROVIDED SERVICE COORDINATION TO CONNECT 120 BEACON RIDGE HOUSEHOLDS TO SERVICES, RESOURCES, PROGRAMS AND OPPORTUNITIES FOCUSED ON IMPROVING OUTCOMES ACROSS THE FOUR PILLARS; PARTNERED WITH THE SER YMCA TO SUPPORT AND PROMOTE COMMUNITY-WIDE HEALTH EVENTS, RACIAL AND CULTURAL AWARENESS, AND SOCIAL AND EMOTIONAL WELL-BEING AND LEARNING; SUPPORTING THE SUCCESSFUL LEASE-UP BEACON POINT. SE RALEIGH PROMISE ALSO CREATED EMPLOYMENT OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE STUDENTS; CREATED OPPORTUNITIES FOR HISTORICALLY UNDERUTILIZED BUSINESS, ENGAGED DEEPLY WITH THE COMMUNITY, LED CRITICAL CONVERSATIONS, AND LEVERAGED PARTNERSHIPS TO SPUR GREATER INVESTMENT IN SOUTHEAST RALEIGH. 598693 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false true 6 0 24 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true false false false true false false NC X X THE ORGANIZATION 9199965697 1425 PROMISE BEACON CIRCLE STE 214 RALEIGH NC 27610 YVETTE HOLMES CEO 50.00 X 165137 0 13720 BEN YOUNG CHAIR 2.00 X X 0 0 0 ASA FLEMING IMMEDIATE PA 2.00 X X 0 0 0 SONDRA COLLINS VICE CHAIR 2.00 X X 0 0 0 BARRY MALONE SECRETARY 2.00 X X 0 0 0 CRAWFORD CRENSHAW VICE TREASUR 2.00 X X 0 0 0 ASTRID TAYLOR VICE TREASUR 2.00 X X 0 0 0 DR ELENA ASHBURN DIRECTOR 1.00 X 0 0 0 MIA BAILEY DIRECTOR 1.00 X 0 0 0 THOMAS BRADSHAW JR DIRECTOR 1.00 X 0 0 0 EVAN COVINGTON CHAVEZ DIRECTOR 1.00 X 0 0 0 TAYLOR DEWBERRY DIRECTOR 1.00 X 0 0 0 EBONY PITTMAN DIRECTOR 1.00 X 0 0 0 165137 13720 1 false true false 845299 614349 1459648 14739 14739 IMPUTED LOAN DISCOUNT 5461 5461 5461 1479848 20200 178857 134142 8943 35772 478658 213421 149322 115915 45422 11743 22365 11314 52561 27590 12929 12042 19871 19871 29195 5190 24005 72349 65332 7007 10 23870 5480 17259 1131 13755 367 13277 111 24858 5358 19500 19218 16791 2352 75 11050 6850 3425 775 3112 3112 COMMUNITY SUPPORT 70812 70812 FUNDRAISING 18681 6546 1600 10535 HEALTH AND WELLNESS 10629 10629 STAFF DEVELOPMENT 8459 31 8428 22960 18411 4549 1104317 598693 317944 187680 753248 929025 402688 517398 291499 346770 16714 826 544726 16007 1641 528719 123941 546404 1589731 2869142 57586 60819 47450 570969 57484 434612 162520 1066400 X 1381368 1772978 45843 29764 1427211 1802742 1589731 2869142 375531 X false true X true false X 409713 691375 890217 1630598 952648 4574551 409713 691375 890217 1630598 952648 4574551 645007 3929544 2711 14739 17450 3641 5641 9282 4601283 19500 0.85400 0.93270 X SUPPORTING SCHEDULE BEACON POINT UPFIT GRANT 507,000 PART II, LINE 10 IMPUTED LOAN DISCOUNT 9,282 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 264087 2934 261153 48338 5186 43152 232301 7887 224414 528719 RIGHT OF USE ASSET 393180 CONSTRUCTION IN PROGRESS 148091 OTHER RECEIVABLES 5133 546404 LEASE LIABILITY 404328 PAYROLL LIABILITIES 30284 434612 1479848 1479848 1479848 1104317 1104317 1104317 X X X X X false false false false false false false false false YVETTE HOLMES CEO 165137 13720 178857 FORM 990 - ORGANIZATION'S MISSION SOUTHEAST RALEIGH PROMISE IS A LOCAL NONPROFIT WHOSE MISSION IS TO SERVE ALONGSIDE NEIGHBORS, STRATEGIC PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE, AND PROSPER. TO ADVANCE THIS MISSION, SOUTHEAST RALEIGH PROMISE SERVES AS A COMMUNITY QUARTERBACK LEADING RALEIGH/WAKE COUNTY'S FIRST PURPOSE BUILT COMMUNITIES MODEL, A NATIONAL PLACE-BASED INITIATIVE FOCUSED ON 4 KEY PILLARS: ECONOMIC VITALITY, MIXED-INCOME HOUSING, CRADLE TO CAREER EDUCATION, AND HEALTH AND COMMUNITY WELLNESS. FORM 990, PAGE 1, PART I, LINE 6 BOARD AND ADVISORY COMMITTEE MEMBERS DONATE THEIR TIME AND PROFESSIONAL SKILLS TO FURTHER THE PROGRAMS, ADMINISTRATION, AND FUNDRAISING EFFORTS OF SOUTHEAST RALEIGH PROMISE. FORM 990, PAGE 2, PART III, LINE 4A IN 2024, SOUTHEAST RALEIGH PROMISE ACTIVITIES INCLUDED ADVANCING THE DEVELOPMENT OF 25 AFFORDABLE RENTAL UNITS ON 9 CITY-OWNED PARCELS LOCATED IN SOUTHEAST RALEIGH AND LEVERAGING RESOURCES AND PARTNERSHIPS TO PRESERVE WEALTH THROUGH HOMEOWNERSHIP OF LEGACY RESIDENTS WITHIN THE PROMISE ZONE. SE RALEIGH PROMISE ALSO PROVIDED ONGOING LEADERSHIP AND SUPPORT OF ITS FIRST PURPOSE BUILT COMMUNITIES COLLABORATION: THE BEACON SITE, IS A 32- ACRE CAMPUS HOME TO THE SER YMCA, SER ELEMENTARY SCHOOL, BEACON RIDGE APARTMENTS, AND BEACON POINT OFFICE BUILDING. ACTIVITIES INCLUDED PARTNERING TO SUPPORT CLUB ROAR AN AFTER-SCHOOL STEAM ENRICHMENT PROGRAM OFFERED TO 80+ SOUTHEAST RALEIGH ELEMENTARY STUDENTS; PROVIDED SERVICE COORDINATION TO CONNECT 120 BEACON RIDGE HOUSEHOLDS TO SERVICES, RESOURCES, PROGRAMS AND OPPORTUNITIES FOCUSED ON IMPROVING OUTCOMES ACROSS THE FOUR PILLARS; PARTNERED WITH THE SER YMCA TO SUPPORT AND PROMOTE COMMUNITY-WIDE HEALTH EVENTS, RACIAL AND CULTURAL AWARENESS, AND SOCIAL AND EMOTIONAL WELL-BEING AND LEARNING; SUPPORTING THE SUCCESSFUL LEASE-UP BEACON POINT. SE RALEIGH PROMISE ALSO CREATED EMPLOYMENT OPPORTUNITIES FOR HIGH SCHOOL AND COLLEGE STUDENTS; CREATED OPPORTUNITIES FOR HISTORICALLY UNDERUTILIZED BUSINESS, ENGAGED DEEPLY WITH THE COMMUNITY, LED CRITICAL CONVERSATIONS, AND LEVERAGED PARTNERSHIPS TO SPUR GREATER INVESTMENT IN SOUTHEAST RALEIGH. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING THE 990, THE COMPLETED DOCUMENT IS FORWARDED TO MEMBERS OF THE BOARD FOR REVIEW AND COMMENT. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS INCLUDED IN THE ANNUAL BUDGET AND VOTED ON BY ALL BOARD MEMBERS. CEO COMPENSATION IS BASED ON INFORMATION FROM SIMILAR NON-PROFIT ORGANIZATIONS AND PROFESSIONAL EXECUTIVE SEARCH CONSULTANTS. IN ADDITION, CEO'S COMPENSATION IS BASED ON THE LEVEL OF SKILL AND EXPERIENCE REQUIRED TO LEAD, MANAGE, AND OPERATE A NON-PROFIT ORGANIZATION FOCUSED IN PART ON REAL ESTATE DEVELOPMENT ACTIVITIES. FORM 990, PAGE 6, PART VI, LINE 19 SERP'S GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE WITH ADVANCE WRITTEN NOTICE. SE RALEIGH PROMISE HOUSING LLC 1425 PROMISE BEACON CIRCLE SUITE 214 RALEIGH NC 27610 932852312 HOUSING NC SE RALEIGH PROMISE INC