Community Housing Coalition Of Madison County Inc
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Marshall, NC
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 11-3660564
Organization Overview
Community Housing Coalition Of Madison County Inc is located in Marshall, NC. The organization was established in 2003. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Community Housing Coalition Of Madison County Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Coalition Of Madison County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Community Housing Coalition Of Madison County Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 15.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE HEALTHY, SAFE, AND AFFORDABLE HOUSING THROUGH ADVOCACY, EDUCATION, AND RESOURCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
95 HOMES SERVED AND 133 INDIVIDUALS 42 ACCESSIBILITY IMPROVEMENTS 7 ROOFS REPAIRED OR REPLACED 9 SEPTIC AND 12 PLUMBING SYSTEM REPAIRS 7 HVAC SYSTEMS REPLACED 8 ELECTRICAL REPAIRS RECLAIM MADISON STORE KEPT 150+ TONS OF FURNITURE AND OTHER MATERIALS OUT OF THE LANDFIL.
GRANTS IMPACT: NC HOUSING FINANCE AGENCY URGENT REPAIR PROGRAM (URP) TO MITIGATE CONDITIONS POSING IMMINENT THREATS TO LIFE, HEALTH, OR SAFETY. SERVED 40 HOMES AND 49 INDIVIDUALS WITH $120,000. HOME INVESTMENT PARTNERSHIP PROGRA/NC HOUSING FINANCE AGENCY ESSENTIAL SINGLE FAMILY REHABILITATION LOAN POOL (ESFRLP) TO BRING RURAL HOMES UP TO ESSENTIAL HOUSEING STANDARDS. SERVED 5 HOMES AND 10 INDIVIDUALS WITH A TOTAL OF $118,413. HEALTHY OPPORTUNITIES PILOT (HOP) TO FACILITATE HOME REPAIRS THROUGH MANAGED MEDICAID CLIENTS TO THOSE THAT OTHERWISE MAY NOT HAVE QUALIFIED FOR ASSISTANCE. SERVED 44 HOMES AND 96 INDIVIDUALS WITH A TOTAL OF $394,843.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Watson Executive Director | Officer | 40 | $37,155 |
Tim Malone Chair | OfficerTrustee | 5 | $0 |
Danalee Cook-Pipes Co-Chair | OfficerTrustee | 5 | $0 |
Sidney Mashburn Treasurer | OfficerTrustee | 5 | $0 |
Graeme Frelick Secretary | OfficerTrustee | 5 | $0 |
Horace Gratin Smith Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ricky N Chandler Construction | 12/30/23 | $136,687 |
Kenneth W Hayden Construction | 12/30/23 | $109,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,500 |
| Related organizations | $0 |
| Government grants | $474,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,296 |
| Noncash contributions included in lines 1a–1f | $31,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $948,042 |
| Total Program Service Revenue | $364,365 |
| Investment income | $1,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $145,403 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,478,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,276 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,155 |
| Compensation of current officers, directors, key employees. | $9,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227 |
| Fees for services: Accounting | $24,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,114 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $571,863 |
| Advertising and promotion | $10,990 |
| Office expenses | $31,110 |
| Information technology | $3,662 |
| Royalties | $0 |
| Occupancy | $13,342 |
| Travel | $7,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,576 |
| Insurance | $24,221 |
| All other expenses | $2,380 |
| Total functional expenses | $1,317,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,247 |
| Savings and temporary cash investments | $25,646 |
| Pledges and grants receivable | $85,932 |
| Accounts receivable, net | $186,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $189,683 |
| Inventories for sale or use | $13,267 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $879,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $625 |
| Total assets | $1,659,196 |
| Accounts payable and accrued expenses | $97,580 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $587,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $684,836 |
| Net assets without donor restrictions | $613,863 |
| Net assets with donor restrictions | $360,497 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,659,196 |