North Carolina Housing Coalition Inc
- Assets
- $1.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Durham, NC
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 58-1798953
Organization Overview
North Carolina Housing Coalition Inc is located in Durham, NC. The organization was established in 1988. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, North Carolina Housing Coalition Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Housing Coalition 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, North Carolina Housing Coalition Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 16.0% 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.
Since 2016, North Carolina Housing Coalition Inc has awarded 165 individual grants totaling $6,437,884. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COALITION IS A MEMBERSHIP ORGANIZATION LEADING A MOVEMENT TO ENSURE THAT EVERY NORTH CAROLINIAN HAS A HOME IN WHICH TO LIVE WITH DIGNITY AND OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING ASSISTANCE: IN 2023 AND 2022, THE COALITION WAS AWARDED COMPREHENSIVE HOUSING COUNSELING PROGRAM (CHC) FUNDS THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), OFFICE OF HOUSING COUNSELING. IN 2021, THE COALITION WAS ALSO AWARDED HOUSING STABILITY COUNSELING PROGRAM (HSCP) FUNDS THROUGH NEIGHBORWORKS AMERICA. THESE PROGRAMS PROVIDE COUNSELING AND ADVICE TO TENANTS AND HOMEOWNERS. THE COALITION CONTRACTS WITH HUD-APPROVED HOUSING COUNSELING AGENCIES TO PROVIDE A WIDE VARIETY OF HOUSING COUNSELING SERVICES TO HOMEBUYERS, HOMEOWNERS, RENTERS, AND THE HOMELESS. THROUGH A SUBRECIPIENT AGREEMENT WITH THE NC OFFICE OF RECOVERY AND RESILIENCY (NCORR) EXECUTED IN 2022, THE HOMEOWNERSHIP ASSISTANCE PROGRAM PROVIDES DOWN PAYMENT AND CLOSING COSTS ASSISTANCE TO FIRST TIME AND FIRST-GENERATION HOMEBUYERS FOR THE PURCHASE OF A HOME, TO BE USED AS THE PRIMARY RESIDENCE, WITHIN 16 COUNTIES MOST IMPACTED AND DISTRESSED BY HURRICANES MATTHEW AND FLORENCE. THROUGH A SUBRECIPIENT AGREEMENT WITH NCORR EXECUTED IN 2021, THE COALITION IS RESPONSIBLE FOR COORDINATING HOUSING COUNSELING SERVICES TO NCORR BUYOUT PROGRAM PARTICIPANTS.
ANNUAL HOUSING CONFERENCES: THE COALITION CO-HOSTS AND FACILITATES THE NC ANNUAL HOUSING CONFERENCE WHICH BRINGS TOGETHER DEVELOPERS, LENDERS, ADVOCACY ORGANIZATIONS, SERVICE PROVIDERS, HOUSING COUNSELORS AND MANY OTHERS TO DISCUSS BEST PRACTICES AND THE IMPACT AFFORDABLE HOUSING HAS ON OUR FAMILIES, COMMUNITIES, AND ECONOMY. THE COALITION ALSO CO-HOSTS THE BRINGING IT HOME CONFERENCE, AN ANNUAL CONFERENCE FOR HOMELESS SERVICE PROVIDERS.
GENERAL PROGRAM SERVICES: IN 2021, THE COALITION WAS AWARDED A SUBGRANT FROM THE NC DHHS, DIVISION OF PUBLIC HEALTH FOR DEVELOPING A HOUSING LANDSCAPE ANALYSIS AND WORKING ON HOUSING POLICY RECOMMENDATIONS FOR INDIVIDUALS COMING OUT OF INCARCERATION SETTINGS AND WITH SUBSTANCE ABUSE ISSUES. THE COALITION WAS AWARDED A CONTINUATION FOR THE PROGRAM THROUGH 2024.
POLICY & ADVOCACY: THE COALITION PROVIDES GENERAL ADVOCACY, EDUCATION AND PUBLIC POLICY DEVELOPMENT TO INCREASE ACCESS TO AFFORDABLE HOUSING FOR LOW-INCOME NORTH CAROLINIANS. THE COALITION IS ALSO PART OF THE NATIONAL ENERGY EFFICIENCY FOR ALL CAMPAIGN THAT FOCUSES ON ENERGY EFFICIENCY FOR LOW-INCOME RENTERS AND THE OPPORTUNITY STARTS AT HOME THAT SEEKS TO BROADEN THE SUPPORT FOR HOUSING AMONG OTHER SECTORS. THE COALITION IS ALSO ENGAGED WITH AND SUPPORTS LOCAL INDIVIDUALS AND ORGANIZATIONS ENGAGED IN TENANT ORGANIZING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Gunter Executive Di | Officer | 40 | $84,979 |
Lesley Albritton Director | Trustee | 1 | $0 |
Nikitra Bailey Director | Trustee | 1 | $0 |
Kim Cameron Chair | Trustee | 1 | $0 |
Evan Covington-Chavez Director | Trustee | 1 | $0 |
Sofia Crisp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,661,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,908,136 |
| Total Program Service Revenue | $138,900 |
| Investment income | $324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,049,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,161,689 |
| Grants and other assistance to domestic individuals. | $2,099,616 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,979 |
| Compensation of current officers, directors, key employees. | $11,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,711 |
| Pension plan accruals and contributions | $28,858 |
| Other employee benefits | $113,841 |
| Payroll taxes | $61,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $127,589 |
| Fees for services: Lobbying | $36,753 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,680 |
| Advertising and promotion | $0 |
| Office expenses | $21,253 |
| Information technology | $11,296 |
| Royalties | $0 |
| Occupancy | $28,618 |
| Travel | $10,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,119 |
| Interest | $7,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,692 |
| Insurance | $3,744 |
| All other expenses | $0 |
| Total functional expenses | $4,557,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,690 |
| Savings and temporary cash investments | $61,270 |
| Pledges and grants receivable | $1,269,701 |
| 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 | $7,769 |
| Net Land, buildings, and equipment | $29,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,574,470 |
| Accounts payable and accrued expenses | $67,364 |
| Grants payable | $476,276 |
| Deferred revenue | $105,000 |
| 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 | $323,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,486 |
| Total liabilities | $990,387 |
| Net assets without donor restrictions | $426,869 |
| Net assets with donor restrictions | $157,214 |
| 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 | $1,574,470 |
Grants Awarded
Over the last fiscal year, North Carolina Housing Coalition Inc has awarded $1,161,689 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CHOANOKE AREA DEV ASSN OF NC | | | $21,994 |
CLEVELAND COUNTY CDC | | | $59,488 |
COMMUNITY FOUNDATIONS | | | $8,558 |
FINANCIAL PATHWAYS OF THE PIEDMONT | | | $27,890 |
EMPOWERMENT INC | | | $54,061 |
GREENSBORO HOUSING COALITION | | | $23,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufactured Housing Institute Arlington, VA | $9,862,453 | $6,811,851 |
North Carolina Housing Coalition Inc Durham, NC | $1,574,470 | $4,049,010 |
Manufactured Housing Institute Of South Carolina Columbia, SC | $2,737,711 | $1,258,272 |
Construction Specifications Institute Foundation Inc Alexandria, VA | $811,401 | $31,468 |
Joel Forshaw Memorial Foundation Sandston, VA | $122 | $440 |