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Nonprofiteer
← CHARLOTTE FAMILY HOUSING INC

Form 990 for tax year 2024

Filed by CHARLOTTE FAMILY HOUSING INC.

Totals

Total revenue
$3,411,376
Total expenses
$3,274,185
Contributions and grants received
$3,028,026
Grants paid
$686,157
Program service revenue
$0
Investment income
$40,845
Other revenue
$342,505
Total assets, end of year
$4,337,621
Total liabilities, end of year
$320,401
Net assets or fund balances, end of year
$4,017,220
Program services expenses (Part IX)
$2,648,331
Management and general expenses
$212,846
Fundraising expenses
$413,008
Program service expenses (Part III)
$2,648,331

Program services were 80.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $475,818

  • 1f · All other contributions, gifts and grants

    $2,552,208

  • 1g · Noncash contributions included above

    $132,735

  • 3 · Investment income

    total $41,021 · excluded $41,021

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $130,124

  • 7b · Less cost or other basis and sales expenses

    securities $130,300

  • 7c · Gain or loss

    securities -$176

  • 7d · Net gain or loss

    total -$176 · related or exempt -$176

  • 8a · Fundraising events: gross income

    $290,027

  • 8b · Fundraising events: direct expenses

    $56,671

  • 8c · Net income from fundraising events

    total $233,356

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Development Fee

    total $106,200 · related or exempt $106,200

  • 11b · Other revenue: Other Income

    total $2,949 · related or exempt $2,949

  • 11e · Other revenue, total

    $109,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $686,157 · program services $686,157

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $124,495 · program services $95,617 · management and general $10,646 · fundraising $18,232

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,389,965 · program services $1,067,544 · management and general $118,860 · fundraising $203,561

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $210,711 · program services $165,687 · management and general $18,294 · fundraising $26,730

  • 10 · Payroll taxes

    total $116,362 · program services $91,498 · management and general $10,102 · fundraising $14,762

  • 11a · Fees: management

    total $302,741 · program services $207,824 · management and general $23,293 · fundraising $71,624

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $13,947 · management and general $13,947

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $51,681 · program services $531 · fundraising $51,150

  • 13 · Office expenses

    total $55,710 · program services $42,137 · management and general $5,721 · fundraising $7,852

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $174,297 · program services $151,071 · management and general $8,553 · fundraising $14,673

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Other Program Expense

    total $147,339 · program services $139,666 · management and general $3,363 · fundraising $4,310

  • 24b · Other expenses: Board Expenses

    total $780 · program services $599 · management and general $67 · fundraising $114

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $396,853 · end of year $362,755

  • 2 · Savings and temporary cash investments

    beginning of year $1,057,662 · end of year $1,054,452

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $249,677 · end of year $421,958

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,319 · end of year $45,749

  • 10a · Land, buildings and equipment: cost or other basis

    $1,215,858

  • 10b · Land, buildings and equipment: accumulated depreciation

    $985,399

  • 10c · Land, buildings and equipment, net

    beginning of year $286,171 · end of year $230,459

  • 11 · Investments: publicly traded securities

    beginning of year $1,859,952 · end of year $2,088,361

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $29,449 · end of year $27,607

  • 15 · Other assets

    beginning of year $10,000 · end of year $106,280

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,585 · end of year $156,577

  • 21 · Escrow or custodial account liability

    beginning of year $106,816 · end of year $65,998

  • 25 · Other liabilities

    beginning of year $26,608 · end of year $97,826

  • 27 · Net assets without donor restrictions

    beginning of year $3,346,596 · end of year $3,585,638

  • 28 · Net assets with donor restrictions

    beginning of year $292,478 · end of year $431,582

Mission and programs · 2024

Mission

The mission of Charlotte Family Housing is to empower working families experiencing homelessness to achieve long-term self-sufficiency through shelter, housing, supportive services, and advocacy.

  • Charlotte Family Housing, Inc. is a private, not-for-profit enterprise which works to solve family homelessness through a confidence-building empowerment approach. Charlotte Family Housing focuses on the strength of families and transforms past cycles of trauma through formative, confidence building opportunities of growth and validation. CFH is rooted in empowerment and trauma informed care. At its founding, CFH reimagined a new self-sufficiency pathway (focusing on single mothers) that examined clinical brain research linking trauma and poverty and healthy trauma-informed interventions.CFH provides each family with the opportunity to achieve housing stability and economic confidence through three integrated services: 1. Housing: Families begin in a home-like shelter where barriers to obtaining housing are addressed. Without worrying about where their child will sleep at night, moms can concentrate on goals. CFH assists families in finding rental housing and provides subsidies, preparing them for stable housing within a year or two.2. Trauma Informed Care: CFH's Masters-level clinical social workers (LCSW) provide wraparound services grounded in the practice of recognizing the trauma its families have experienced. Through collaborative, safe relationships anchored in trust, LCSWs address barriers to family stability and facilitate a two-generational pathway to financial literacy, parenting, health, and job readiness. Additionally, CFH families have access to counseling.3. Empowerment Tools: CFH incorporates a stepped approach to empower families to move out of poverty. E.g.: Access reduced rates for critical goods and such as car repairs, computers, and home furnishings Connection to 1:1 financial counseling and banking services Earn Motivational Achievement Points for completing program goals which can be cashed in for gift cards, household items, and transportation gift cards Have savings matched upon program completionCharlotte Family Housing solely focuses on working families who are experiencing homelessness in Mecklenburg County. Soaring rental prices throughout Mecklenburg County are forcing more and more families out of their current residences and into housing and homelessness instability. Due to the current housing and rental market, unforeseen events or chronic circumstances (like a loss of income, illness, family breakup, death in the family, or domestic violence) can result in homelessness. In response to the current housing market, CFH has focused on two different initiatives. First, CFH is working hand in hand with developers to secure access to tax credit units. Partnerships with real estate developers allow access to rental units that might otherwise be inaccessible to the families CFH serves. These new partnerships are expanding the affordable housing inventory. Second, acknowledging that CFH can only minimally impact the affordable housing stock, CFH has placed a greater emphasis on career growth, income increases and work force development. By increasing wages, CFH families are able to better afford housing. CFH measures its progress and success by evaluating how many families maintain housing upon leaving its program. Using Salesforce software for data collection, CFH documents a family's progress at three-month intervals with post-exit surveys for two years after program completion.

    Expenses $2,648,331 · Grants $686,157

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth Kurtz

    Executive Dir.

    Total calculated
    $124,495
    From this org
    $108,490
    From related orgs
    $0
    Other
    $16,005
    Hours/week
    40
  • Paula Moss

    Chairman

    Total calculated
    $0
    Hours/week
    1
  • Darren Ash

    Advisory Develo

    Total calculated
    $0
    Hours/week
    1
  • Paul Baalman

    Strat. Comm.

    Total calculated
    $0
    Hours/week
    1
  • Louise Bhavnani

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jill Cole

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert Hoyla

    Governance Comm

    Total calculated
    $0
    Hours/week
    1
  • Kari Kalgren

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Tricia Wilson Magee

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Chishon McManus

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Geoffrey Mize

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Eric Moody

    Finance Committ

    Total calculated
    $0
    Hours/week
    1
  • Amber Mulligan

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Patty Rago

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Matt Ricketts

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Scott H Shannon

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1
  • Lamont Simmons

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tim Vest

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tiffany Victor-Castleberry

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Angela Witt

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202523089349303512

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