ISCEC

What ISCEC does

ISCEC (Iredell Statesville Community Enrichment Corporation) is a 501(c)(3) non-profit organization operating as a formal instrumentality of the Statesville Housing Authority (SHA) in Statesville, North Carolina. Its stated mission is to build sustainable economic growth through community development and empowerment, targeting low and moderate-income populations in the Iredell-Statesville area. The organization delivers an integrated portfolio of affordable residential properties (duplexes, single-family homes, townhome communities including East Ridge Commons and West End Commons, and a Veterans Transitional Home), commercial real estate (notably Shoppes on Shelton), and community programming (the Levitt AMP Statesville Music Series at CAST Campus).

Core service lines include direct rental operations, the Resident Opportunities and Self-Sufficiency (ROSS) program that pairs public housing residents with coordinators for education, job training, employment, and financial management, and an annual 11-concert free outdoor music series supported by the Levitt Family Foundation. There is no proprietary technology stack; service delivery is property- and program-based rather than software-based. The organization operates under a five-member commissioner board led by Chairperson David Addison, with CFO Donald Hicks, Jr., a property manager, a senior programming coordinator, and a resident services coordinator, totaling 11-50 staff.

The revenue model derives primarily from residential rent (e.g., $800/month for a 2-bedroom duplex, $925/month for a 3-bedroom duplex on West Raleigh Avenue), commercial lease income from small-business tenants at Shoppes on Shelton, and sponsor/donation revenue underwriting the Levitt AMP concert series. Distribution is direct: applications are processed in person at 108 West Allison Street, and rentals are managed without intermediaries. Strategic resource partnerships with HUD, the NC Housing Finance Agency, the NC Homeowner Assistance Fund, and the Center for Responsible Lending extend resident referral networks. The organization operates exclusively within Statesville/Iredell County, North Carolina.

Name

ISCEC

Legal name

Iredell Statesville Community Enrichment Corporation

Website

https://iscecinc.org

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

ISCEC is a 501(c)(3) non-profit instrumentality of the Statesville Housing Authority providing affordable residential and commercial real estate, the ROSS resident self-sufficiency program, and the free Levitt AMP Statesville Music Series in Statesville, North Carolina.

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development

NAICS

Civic and Social Organizations (813410), Administration of Housing Programs, Urban Planning, and Community Development (925)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro industry

PRIMARYFSALAKAN

Fair Housing, Compliance & Housing Program Oversight

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

Keywords

• Affordable housing
• Community development
• Public housing
• Resident services
• Commercial leasing

Headquarters

HQ city

Statesville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Pricing tiers

Distribution channels3 records

Marketing channels3 records

Core offering

ISCEC is a 501(c)(3) non-profit organization and instrumentality of the Statesville Housing Authority that provides affordable residential housing and commercial property leasing to low and moderate-income persons in Statesville, NC. It also delivers community enrichment programming, including the Levitt AMP Statesville Music Series (free outdoor concerts) and the Resident Opportunity and Self-Sufficiency (ROSS) program supporting public housing residents.

Product overview

ISCEC (Iredell Statesville Community Enrichment Corporation) is a 501(c)(3) non-profit organization that operates as an instrumentality of the Statesville Housing Authority. The organization offers a portfolio of housing products including residential properties (duplexes, single-family homes, townhomes, and Veterans Transitional Home) and commercial properties for lease. The organization also runs the Levitt AMP Statesville Music Series, featuring 11 free outdoor concerts annually. Supporting these core offerings is the ROSS (Resident Opportunities & Self-Sufficiency) program that provides supportive services to residents, along with rental application processing services.

Differentiator

Problem solved

Functional benefit

Brands

• Levitt AMP Statesville Music Series: Free outdoor concert series featuring live music performances at CAST Campus, supported by the Levitt Family Foundation
• CAST Campus
• East Ridge Commons/West End Commons

Products and services

• Residential Housing Affordable rental housing units for low and moderate-income individuals and families in Statesville, NC, operated as an instrumentality of the Statesville Housing Authority.
• Commercial Properties Commercial real estate leasing to small business tenants within ISCEC-managed properties.
• Levitt AMP Statesville Music Series Free outdoor music concerts provided to the community of Statesville, NC, as part of the Levitt AMP program.
• ROSS Program (Resident Opportunity and Self-Sufficiency) Resident services program supporting public housing residents with self-sufficiency, employment, and supportive services.

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Levitt Family FoundationcoreStrategic or Co-development PartnerPrimary partner supporting the Levitt AMP Statesville Music Series. The Levitt Family Foundation partners with nonprofits to strengthen communities through free live music in outdoor public spaces. In 2026, supporting over 900 free concerts in 90+ towns and cities across the country.
• Statesville Housing Authority (SHA)coreStrategic or Co-development PartnerParent organization and instrumental creator of ISCEC as a 501(c)(3) organization. Provides institutional backing, shared resources, and alignment with public housing mission. ISCEC was formed as an instrumentality of SHA to further community empowerment through housing, economic and social development.
• COSV - Statesville, NCminorGTM or Marketing PartnerSeries sponsor for Levitt AMP Statesville Music Series, providing marketing and promotional support for the free concert series.
• BMG (Beggars Group)minorGTM or Marketing PartnerMusic industry partner and series sponsor for Levitt AMP Statesville Music Series, contributing to artist programming and promotional support.
• InsomniacminorGTM or Marketing PartnerMusic industry partner and series sponsor for Levitt AMP Statesville Music Series, supporting concert programming.
• Department of Housing and Urban Development (HUD)minorStrategic or Co-development PartnerFederal housing agency providing resources and oversight for public housing programs. Listed as a partner resource on ISCEC website.
• NC Housing Finance AgencyminorStrategic or Co-development PartnerState housing finance agency providing home ownership and rental assistance programs. Listed as a partner resource on ISCEC website.
• NC Homeowner Assistance FundminorStrategic or Co-development PartnerState fund providing assistance to homeowners facing financial hardship during the pandemic. Referenced as a resource for residents.
• Center for Responsible LendingminorOthersNonprofit providing research and advocacy on responsible lending practices. Listed as a resource partner on ISCEC website.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Local Initiatives Support Corporation (LISC): Community development financial institution (CDFI) that finances affordable housing, resident services, and economic development in underserved communities — directly aligned with ISCEC's mission and operating model.
• Mercy Housing: Nonprofit affordable housing provider operating a portfolio of residential properties with wraparound resident services; structurally similar to ISCEC's housing + ROSS resident support approach.
• Enterprise Community Partners: National nonprofit that develops and operates affordable housing and community development programs; directly comparable to ISCEC's integrated housing + community enrichment model, though at much larger scale.
• NHP Foundation: Nonprofit that acquires, develops, and manages affordable and mixed-income rental housing, including wraparound resident services programs — directly comparable to ISCEC's residential portfolio + ROSS program.
• BRIDGE Housing: Nonprofit that develops and manages affordable rental housing combined with supportive resident services; mirrors ISCEC's integrated housing + resident services model, though BRIDGE operates at larger regional scale.
• Corporation for Supportive Housing (CSH): Nonprofit focused on supportive housing that combines affordable housing with wraparound services for vulnerable populations; highly comparable to ISCEC's ROSS program and Veterans Transitional Home model.
• Self-Help Ventures Fund / Self-Help Credit Union: Community development financial institution focused on affordable housing, community lending, and resident asset-building; comparable to ISCEC's community empowerment and economic self-sufficiency mission.

Broad incumbents

• Habitat for Humanity International: Large established nonprofit building affordable housing globally; comparable in affordable housing mission but operates at national/global scale and primarily through homeownership rather than the rental + services model ISCEC uses.
• Volunteers of America: National nonprofit operating affordable and supportive housing, transitional housing, and community services; overlaps with ISCEC's affordable housing + resident services + Veterans Transitional Home work at much larger scale.

Others

• National Council of State Housing Agencies (NCSHA): Industry association representing state housing finance agencies; not a direct competitor but an ecosystem participant that connects ISCEC to peer housing authority instrumentalities and federal policy resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/iscec.statesville
• LinkedInlinkedin.com/company/iscec

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ISCEC