Form 990 for tax year 2023
Filed by NCAR HOUSING OPPORTUNITY FOUNDATION.
Totals
- Total revenue
- $310,884
- Total expenses
- $421,077
- Contributions and grants received
- $365,257
- Grants paid
- $217,729
- Program service revenue
- $815
- Investment income
- $0
- Other revenue
- -$55,188
- Total assets, end of year
- $603,093
- Total liabilities, end of year
- $12,827
- Net assets or fund balances, end of year
- $590,266
- Program services expenses (Part IX)
- $328,616
- Management and general expenses
- $30,400
- Fundraising expenses
- $62,061
- Program service expenses (Part III)
- $328,616
Program services were 78.0% 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.
-
1c · Fundraising events
$22,900
-
1d · Related organizations
$287,195
-
1f · All other contributions, gifts and grants
$55,162
-
2a · Program service revenue: CLASS FEE REVENUE
total $815 · related or exempt $815
-
8a · Fundraising events: gross income
$15,570
-
8a · Fundraising events: contributions included on line 1c
$22,900
-
8b · Fundraising events: direct expenses
$70,758
-
8c · Net income from fundraising events
total -$55,188
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $186,500 · program services $186,500
-
2 · Grants to domestic individuals
total $31,229 · program services $31,229
-
11a · Fees: management
total $96,426 · program services $88,727 · management and general $4,068 · fundraising $3,631
-
11b · Fees: legal
total $6,870 · management and general $6,870
-
11c · Fees: accounting
total $12,098 · management and general $12,098
-
11g · Fees: other
total $34,725 · fundraising $34,725
-
12 · Advertising and promotion
total $13,574 · fundraising $13,574
-
13 · Office expenses
total $3,202 · program services $871 · management and general $2,331
-
14 · Information technology
total $933 · fundraising $933
-
16 · Occupancy
total $2,799 · program services $2,576 · management and general $118 · fundraising $105
-
17 · Travel
total $12,155 · program services $12,155
-
19 · Conferences, conventions and meetings
total $5,268 · program services $5,268
-
22 · Depreciation, depletion and amortization
total $834 · fundraising $834
-
23 · Insurance
total $400 · management and general $400
-
24a · Other expenses: FUNDRAISING EXPENSES
total $5,662 · fundraising $5,662
-
24b · Other expenses: SUPPLIES
total $4,021 · management and general $4,021
-
24c · Other expenses: BANK FEES
total $2,597 · fundraising $2,597
-
24d · Other expenses: STAFF DEVELOPMENT
total $795 · program services $795
-
24e · All other expenses
total $989 · program services $495 · management and general $494
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $829,996 · end of year $599,666
-
4 · Accounts receivable
beginning of year $14,057 · end of year $1,969
-
14 · Intangible assets
beginning of year $2,292 · end of year $1,458
-
17 · Accounts payable and accrued expenses
beginning of year $145,886 · end of year $12,827
-
27 · Net assets without donor restrictions
beginning of year $691,364 · end of year $580,536
-
28 · Net assets with donor restrictions
beginning of year $9,095 · end of year $9,730
Mission and programs · 2023
Mission
NC REALTORS HOUSING FOUNDATION, A CHARITABLE FOUNDATION, PROVIDES HOUSING OPPORTUNITIES THROUGH EDUCATION AND COMMUNITY-BASED INITIATIVES INCLUDING DISASTER RELIEF.
-
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.
Expenses $328,616 · Grants $217,729
-
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.
As filed on the 2023 return.
Listed in Part VII
-
JAMES MCDUFFIE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
LAURIE KNUDSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLO KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHELLE ROBERTS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
CARMEN PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PHILLIP RECTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SONIA B JOYNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHEREE HIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RENEE COONEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
M HILTON SWING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHALEEN YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK LINDSEY
VP (2024 PRE
- Total calculated
- $0
- Hours/week
- 1
-
ANDREA BUSHNELL
ADVISOR (NON
- Total calculated
- $0
- Hours/week
- 0.5 + 40 related
-
ANNE GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TYRAND LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TIM MCBRAYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SEAN NOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TARA TILLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WENDY HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
-
ALEXANDER CNTY HABITAT FOR HUMANITY
$125,000
AFFORDABLE HOUSING
-
THE HOUSING ASSISTANCE CORPORATION
$12,000
AFFORDABLE HOUSING
-
HINTON RURAL LIFE CENTER INC
$8,000
AFFORDABLE HOUSING
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NC ASSOCIATION OF REALTORS INC
501 · ADVOCACY · NC
-
527 · ADVOCACY · NC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
AFFINITY P · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443199349310859
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