Supportive Housing Communities Inc
- Assets
- $6.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 38
- Location
- Charlotte, NC
- Founding
- 09/1993
- Data as of
- 06/2024
- EIN
- 58-2067479
Organization Overview
Supportive Housing Communities Inc is located in Charlotte, NC. The organization was established in 1993. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2024, Supportive Housing Communities Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supportive Housing Communities 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 06/2024, Supportive Housing Communities Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $4.8m during the year ending 06/2024. While expenses have increased by 10.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO ALLEVIATE HOMELESSNESS AND HUMAN SUFFERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING COMMUNITIES (SHC) OWNS AND OPERATES TWO PERMANENT SUPPORTIVE HOUSING COMPLEXES: MCCREESH PLACE, A 90-UNIT SHARED SUBSTANCE-FREE COMMUNITY LIVING COMPLEX AND ST. JOHNS PLACE, AT 32-UNIT AFFORDABLE HOUSING APARTMENT COMPLEX. SHC ALSO HAS SCATTERED SITES RENTAL UNITS ACROSS THE CHARLOTTE METROPOLITAN AREA WHERE WE PROVIDE CASE MANAGEMENT ALONG WITH PERMANENT OR RAPID-REHOUSING PROGRAMS FOR CLIENTS LIVING IN VARIOUS NEIGHBORHOODS. WE DEVELOP AND OPERATE PERMANENT SUPPORTIVE HOUSING FOR MEN, WOMEN, AND FAMILIES OVERCOMING HOMELESSNESS, ESPECIALLY VETERANS AND THOSE WITH MENTAL ILLNESS, SUBSTANCE USE, AND MEDICAL OR OTHER DISABLING CONDITIONS. WE ASSIST OUR NEIGHBORS IN OBTAINING AND REMAINING IN HOUSING, ENCOURAGING THEM TO INCREASE SKILLS AND INCOME/EMPLOYMENT, FOSTERING SELF-SUFFICIENCY AND IMPROVING SELF-IMAGE AND SUPPORTING RECOVERY AND WELLNESS. DURING FY24, WE SERVED MORE THAN 430 HOUSEHOLDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Carter Arey Director | Trustee | 2 | $0 |
Dennis Lacaria Director | Trustee | 1 | $0 |
Ryan Borg Chair | OfficerTrustee | 2 | $0 |
Sherreka Tharps Vice Chair | OfficerTrustee | 2 | $0 |
Meaghann Dunlap Treasurer | OfficerTrustee | 1 | $0 |
Ryan Ballew Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $119,084 |
| Related organizations | $0 |
| Government grants | $2,639,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,064,310 |
| Noncash contributions included in lines 1a–1f | $127,523 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,822,669 |
| Total Program Service Revenue | $882,849 |
| Investment income | $4,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,702,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,451,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $270,540 |
| Payroll taxes | $119,028 |
| Fees for services: Management | $0 |
| 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 | $34,018 |
| Office expenses | $629,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,758 |
| Insurance | $44,285 |
| All other expenses | $80,890 |
| Total functional expenses | $4,811,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,730 |
| Savings and temporary cash investments | $164,430 |
| Pledges and grants receivable | $14,091 |
| Accounts receivable, net | $597,709 |
| 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 | $8,965 |
| Net Land, buildings, and equipment | $3,513,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,926,423 |
| Total assets | $6,547,981 |
| Accounts payable and accrued expenses | $162,686 |
| Grants payable | $0 |
| Deferred revenue | $18,363 |
| 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 | $2,216,526 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,677,958 |
| Total liabilities | $4,075,533 |
| Net assets without donor restrictions | $821,418 |
| Net assets with donor restrictions | $1,651,030 |
| 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 | $6,547,981 |