Ncar Housing Opportunity Foundation
- Assets
- $603.1k
- Revenue
- $310.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 45-0530518
Organization Overview
Ncar Housing Opportunity Foundation, operating under the name Nc Realtors Housing Foundation, is located in Greensboro, NC. The organization was established in 2004. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Realtors Housing Foundation 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, NC Realtors Housing Foundation generated $310.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $421.1k during the year ending 12/2023. 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
NC REALTORS HOUSING FOUNDATION, A CHARITABLE FOUNDATION, PROVIDES HOUSING OPPORTUNITIES THROUGH EDUCATION AND COMMUNITY-BASED INITIATIVES INCLUDING DISASTER RELIEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE GRANTS TO HOUSING ORGANIZATIONS THAT ASSIST FIRST-TIME HOMEBUYERS, THE HOMELESS, FAMILIES IN CRISIS, VICTIMS OF NATURAL DISASTERS AND MORE. IN 2023, WE PROVIDED EQUAL OPPORTUNITY HOUSING ASSISTANCE GRANTS TO TWELVE COMMUNITY BASED ORGANIZATIONS TOTALING 37,500, GRANTS TOTALING 146,000 TO FOUR ORGANIZATIONS THAT PROVIDE AFFORDABLE HOUSING, AND 31,000 TO INDIVIDUALS TO ASSIST WITH THE COST OF DOWNPAYMENT ON HOUSING PURCHASES. SINCE 2004, WE HAVE MADE MATCHING GRANTS TOTALING MORE THAN 502,157 TO MORE THAN 70 HOUSING ORGANIZATIONS ACROSS THE STATE.
WE PROVIDE EMERGENCY DISASTER RELIEF FOR VICTIMS WHO HAVE LOST THE USE OF THEIR HOME THROUGH NATURAL DISASTER. DISASTER RELIEF IS PROVIDED TO VICTIMS DISPLACED BY TORNADOES, FLOODS AND HURRICANES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcduffie Treasurer | OfficerTrustee | 1 | $0 |
Laurie Knudsen Director | Trustee | 0.5 | $0 |
Willo Kelly Director | Trustee | 0.5 | $0 |
Michelle Roberts President | OfficerTrustee | 1 | $0 |
Carmen Palmer Director | Trustee | 0.5 | $0 |
Phillip Rector Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,900 |
| Related organizations | $287,195 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,257 |
| Total Program Service Revenue | $815 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$55,188 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $186,500 |
| Grants and other assistance to domestic individuals. | $31,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $96,426 |
| Fees for services: Legal | $6,870 |
| Fees for services: Accounting | $12,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,725 |
| Advertising and promotion | $13,574 |
| Office expenses | $3,202 |
| Information technology | $933 |
| Royalties | $0 |
| Occupancy | $2,799 |
| Travel | $12,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $834 |
| Insurance | $400 |
| All other expenses | $989 |
| Total functional expenses | $421,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,458 |
| Other assets | $0 |
| Total assets | $603,093 |
| Accounts payable and accrued expenses | $12,827 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,827 |
| Net assets without donor restrictions | $580,536 |
| Net assets with donor restrictions | $9,730 |
| 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 | $603,093 |
Grants Awarded
Over the last fiscal year, Ncar Housing Opportunity Foundation has awarded $145,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER CNTY HABITAT FOR HUMANITY PURPOSE: AFFORDABLE HOUSING | $125,000 |
HINTON RURAL LIFE CENTER INC PURPOSE: AFFORDABLE HOUSING | $8,000 |
THE HOUSING ASSISTANCE CORPORATION PURPOSE: AFFORDABLE HOUSING | $12,000 |