Form 990 for tax year 2024
Filed by COMMUNITY HOUSING COALITION OF MADISON COUNTY INC.
Totals
- Total revenue
- $3,349,602
- Total expenses
- $2,051,032
- Contributions and grants received
- $2,606,907
- Grants paid
- $806,942
- Program service revenue
- $650,056
- Investment income
- $2,896
- Other revenue
- $89,743
- Total assets, end of year
- $2,997,715
- Total liabilities, end of year
- $724,785
- Net assets or fund balances, end of year
- $2,272,930
- Program services expenses (Part IX)
- $1,824,498
- Management and general expenses
- $168,985
- Fundraising expenses
- $57,549
- Program service expenses (Part III)
- $1,824,498
Program services were 89.0% 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
$33,476
-
1e · Government grants (contributions)
$772,403
-
1f · All other contributions, gifts and grants
$1,801,028
-
1g · Noncash contributions included above
$14,756
-
2a · Program service revenue: HOP Program
total $650,056 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,896 · unrelated business $0 · excluded $2,896
-
8a · Fundraising events: gross income
$4,078
-
8a · Fundraising events: contributions included on line 1c
$33,476
-
8b · Fundraising events: direct expenses
$7,684
-
8c · Net income from fundraising events
total -$3,606 · unrelated business $0 · excluded -$3,606
-
10a · Gross sales of inventory
$198,727
-
10b · Cost of goods sold
$109,635
-
10c · Net income from sales of inventory
total $89,092 · related or exempt $89,092
-
11a · Other revenue: Other Income
total $4,257 · related or exempt $0 · unrelated business $0 · excluded $4,257
-
11e · Other revenue, total
$4,257
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $806,942 · program services $806,942
-
5 · Compensation of officers, directors and key employees
total $34,364 · program services $29,210 · management and general $2,577 · fundraising $2,577
-
7 · Other salaries and wages
total $529,035 · program services $459,319 · management and general $38,016 · fundraising $31,700
-
10 · Payroll taxes
total $51,901 · program services $44,194 · management and general $3,888 · fundraising $3,819
-
11b · Fees: legal
total $205 · program services $0 · management and general $205 · fundraising $0
-
11c · Fees: accounting
total $27,040 · program services $0 · management and general $27,040 · fundraising $0
-
11e · Fees: professional fundraising services
total $12,082 · fundraising $12,082
-
11g · Fees: other
total $133,567 · program services $133,567 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $4,060 · program services $0 · management and general $4,060 · fundraising $0
-
13 · Office expenses
total $39,614 · program services $3,851 · management and general $35,763 · fundraising $0
-
14 · Information technology
total $2,780 · program services $0 · management and general $2,780 · fundraising $0
-
16 · Occupancy
total $30,705 · program services $24,631 · management and general $6,074 · fundraising $0
-
17 · Travel
total $2,890 · program services $58 · management and general $2,832 · fundraising $0
-
20 · Interest
total $23,629 · program services $23,629 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $35,316 · program services $29,763 · management and general $3,019 · fundraising $2,534
-
23 · Insurance
total $33,429 · program services $5,427 · management and general $28,002 · fundraising $0
-
24a · Other expenses: Building Supplies
total $259,987 · program services $259,987 · management and general $0 · fundraising $0
-
24b · Other expenses: Fundraising Expenses
total $4,837 · program services $0 · management and general $0 · fundraising $4,837
-
24c · Other expenses: Staff and Volunteer Expenses
total $2,513 · program services $503 · management and general $2,010 · fundraising $0
-
24d · Other expenses: Subscriptions and Training
total $6,195 · program services $2,254 · management and general $3,941 · fundraising $0
-
24e · All other expenses
total $9,941 · program services $1,163 · management and general $8,778 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $278,247 · end of year $688,976
-
2 · Savings and temporary cash investments
beginning of year $25,646 · end of year $400,184
-
3 · Pledges and grants receivable
beginning of year $85,932 · end of year $598,465
-
4 · Accounts receivable
beginning of year $186,724 · end of year $215,899
-
7 · Other notes and loans receivable
beginning of year $189,683 · end of year $191,479
-
8 · Inventories for sale or use
beginning of year $13,267 · end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $13,601
-
10a · Land, buildings and equipment: cost or other basis
$1,002,535
-
10b · Land, buildings and equipment: accumulated depreciation
$114,049
-
10c · Land, buildings and equipment, net
beginning of year $879,072 · end of year $888,486
-
15 · Other assets
beginning of year $625 · end of year $625
-
17 · Accounts payable and accrued expenses
beginning of year $97,580 · end of year $158,220
-
23 · Secured mortgages and notes payable
beginning of year $587,256 · end of year $566,565
-
27 · Net assets without donor restrictions
beginning of year $613,863 · end of year $1,380,320
-
28 · Net assets with donor restrictions
beginning of year $360,497 · end of year $892,610
Mission and programs · 2024
Mission
To promote and facilitate healthy, safe, and affordable housing through advocacy, education, and resource development.
-
NC Housing Finance Agency Urgent Repair Program (URP) to mitigate conditions posing imminent threats to life, health or safety. Served 33 homes with $120,000. Also, through NCHFA, the Essential Single Family Rehabilitation Loan Pool (ESFRLP) to bring rural homes up to essential housing standards. Served 5 homes with a total of $148,035. The Health Opportunities Pilot (HOP) facilitates home repairs through Managed Medicaid clients to those that otherwise may not have qualified for assistance. Served 109 homes $552,000.
Expenses $1,824,498 · Grants $806,942 · Revenue $650,056
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christopher Watson
Executive Director
- Total calculated
- $34,364
- From this org
- $34,364
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tim Malone
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Danalee Cook-Pipes
Co-Chair
- Total calculated
- $0
- Hours/week
- 5
-
Sidney Mashburn
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Graeme Frelick
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Horace Gratin Smith
Member
- Total calculated
- $0
- Hours/week
- 3
-
Susan Sewell
Member
- Total calculated
- $0
- Hours/week
- 3
-
Patricia Ruscoe
Member
- Total calculated
- $0
- Hours/week
- 3
-
Jill Cleveland
Member
- Total calculated
- $0
- Hours/week
- 3
-
Emily Wood
Member
- Total calculated
- $0
- Hours/week
- 3
-
Dan Olson
Member
- Total calculated
- $0
- Hours/week
- 3
-
Steve Wilde
Member
- Total calculated
- $0
- Hours/week
- 3
-
Ann Harold
Member
- Total calculated
- $0
- Hours/week
- 3
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
- 18 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542039349300034
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