Charlotte Regional Realtor Assoc Housing Opportunity Foundati, operating under the name Canopy Housing Foundation, is located in Charlotte, NC. The organization was established in 1989. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canopy 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 12/2022, Canopy Housing Foundation generated $509.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $458.9k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REALTORS CREATING HOUSING OPPORTUNITIES THROUGH ADVOCACY, EDUCATION, FUNDING AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REALTORS (R) CARE DAY IS AN ANNUAL COMMUNITY SERVICE PROJECT COORDINATED BY THE FOUNDATION WHERE APPROXIMATELY 400 REALTOR VOLUNTEERS WORKED TO PROVIDE CRITICAL HOME REPAIRS FOR 15 HOMES AND FACILITIES IN MECKLENBURG, IREDELL AND HAYWOOD COUNTIES ON APRIL 29TH, 2022. INCLUDED IN THE PROJECT WERE REPAIRS MADE TO THE FACILITIES OF THREE NON-PROFIT AGENCIES: HOPE HAVEN AND MCCREESH PLACE IN CHARLOTTE, NC AND CHILDREN'S HOPE ALLIANCE IN TROUTMAN, NC. IN ADDITION, TWO SEPARATE FOOD DRIVES WERE HELD IN CONJUNCTION WITH THE PROJECT WITH ALMOST 8,000 LBS OF FOOD COLLECTED FOR AREA FOOD PANTRIES. IN SELECTING WORK SITES, THE FOUNDATION WORKS WITH LOCAL HOUSING PARTNERS AND LOCAL MUNICIPALITIES TO IDENTIFY ELIGIBLE HOMEOWNERS, WHO THEN GO THROUGH A DETAILED APPLICATION AND VERIFICATION PROCESS. SINCE ITS INCEPTION 13 YEARS AGO, THIS PROJECT HAS ASSISTED 300 FAMILIES AND NON-PROFIT ORGANIZATIONS.
THE FOUNDATION PROVIDES VARIOUS EDUCATIONAL PROGRAMS. THE WORKFORCE HOUSING CERTIFICATE PROGRAM (WHCP) EDUCATES REALTORS TO WORK WITH FIRST-TIME BUYERS AND CLIENTS PURCHASING IN THE AFFORDABLE PRICE RANGE (UP TO 80% OF MEDIAN INCOME) AND HELPS THE PUBLIC MORE READILY IDENTIFY REALTORS WHO HAVE ACQUIRED THE EDUCATION AND SKILLS TO CONDUCT REAL ESTATE TRANSACTIONS IN THE WORKFORCE-HOUSING MARKET.
THE FOUNDATION CONTRIBUTED TO LOCAL NONPROFIT ORGANIZATIONS WHOSE PURPOSE IS ADDRESSING UNMET HOUSING NEEDS AND AFFORDABLE WORKFORCE HOUSING NEEDS IN THE GREATER CHARLOTTE AREA AND HAYWOOD COUNTY THROUGH ITS TWO GRANT PROGRAMS. 1) HABITAT SUPPORT PROGRAM ($21,000) 7 REGIONAL AREA HABITAT FOR HUMANITY ORGANIZATIONS WERE GRANTED RESTRICTED PROGRAMMING SUPPORT TO CONTINUE THEIR WORK ON BEHALF OF AFFORDABLE HOUSING. 2) COMMUNITY GRANTS PROGRAM ($60,000) 19 NONPROFIT ORGANIZATIONS WERE GRANTED RESTRICTED PROGRAMMING SUPPORT TO ADDRESS UNMET HOUSING NEEDS ACROSS A THREE-COUNTY SERVICE AREA (MECKLENBURG, IREDELL AND HAYWOOD). IN ADDITION TO THE GRANT FUNDING, THE FOUNDATION HONORS AN INDIVIDUAL, PROJECT OR ORGANIZATION THROUGH ITS ANNUAL HUMANITARIAN AWARD ($5,000); AS PART OF THAT HONOR, THE RECIPIENT IS ASKED TO DESIGNATE A NON-PROFIT TO RECEIVE A CONTRIBUTION ON THEIR BEHALF. IN 2022, THE ORGANIZATION CHOSEN AS THE RECIPIENT OF THE HUMANITARIAN AWARD WAS HEARTS & HANDS FOOD PANTRY IN HUNTERSVILLE, NC. IN 2019, THE FOUNDATION OFFICIALLY LAUNCHED THE YOUTH EXCELLENCE IN SERVICE AWARD (YES) TO HONOR EXTRAORDINARY YOUTH FOR THEIR CHARITABLE CONTRIBUTIONS TO THE COMMUNITY. AS A RESULT OF RECEIVING THE AWARD, THE RECIPIENT IS ABLE TO DESIGNATE A NON-PROFIT TO RECEIVE A $500 DONATION FROM THE FOUNDATION. IN 2022, THE CHOSEN RECIPIENT WAS BEEMER INC. THE AWARD WAS LEVERAGED AND HELPED TO RAISE $7,000 TO ASSIST CHILDREN SERVICED BY ATRIUM HEALTHCARE.
STRIDES FOR SHELTER 5K RUN / WALK IS PRESENTED BY THE CANOPY HOUSING FOUNDATION ANNUALLY AND IS DEDICATED TO MEETING THE NEEDS OF THE LOCAL HOMELESS COMMUNITY. THE RACE HAS GENERATED OVER $130,000 THAT HAS BEEN RETURNED TO THE COMMUNITY FOR HOMELESS INITIATIVES SINCE ITS INCEPTION. PROCEEDS OF $39,444.97 FROM THE 2022 STRIDES FOR SHELTER 5K RUN / WALK WERE DONATED TO THE CHARLOTTE RESCUE MISSION. THE CHARLOTTE RESCUE MISSION SERVES THOSE AT THE INTERSECTION OF HOMELESSNESS AND ADDICTION THROUGH HOUSING, COUNSELING, FITNESS, AND EDUCATIONAL PROGRAMS. RACE PROCEEDS WERE USED TOWARD NEEDED RENOVATIONS TO THEIR FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lee Allen President | OfficerTrustee | 0.5 | $0 |
Charisma Dockery Smith Secretary | OfficerTrustee | 0.5 | $0 |
Justin Ckezepis Director | Trustee | 0.5 | $0 |
Joan Goode Director | Trustee | 0.5 | $0 |
Tiffany Johannes President-Elect | OfficerTrustee | 0.5 | $0 |
David Kennedy Past President | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $92,534 |
Related organizations | $284,409 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $141,513 |
Noncash contributions included in lines 1a–1f | $42,982 |
Total Revenue from Contributions, Gifts, Grants & Similar | $518,456 |
Total Program Service Revenue | $0 |
Investment income | $229 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$9,216 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $509,469 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $130,445 |
Grants and other assistance to domestic individuals. | $0 |
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 | $235,545 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $6,954 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,000 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $223 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $1,204 |
Total functional expenses | $458,942 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $875,310 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Other assets | $1,065,614 |
Total assets | $1,940,924 |
Accounts payable and accrued expenses | $158 |
Grants payable | $0 |
Deferred revenue | $900 |
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 | $135,684 |
Total liabilities | $136,742 |
Net assets without donor restrictions | $1,225,138 |
Net assets with donor restrictions | $579,044 |
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 | $1,940,924 |