Habitat for Humanity of NC Inc

EIN: 271296717 501(c)(3) Housing & Shelter

Raleigh, NC

Total Revenue
$3,898,808
Total Expenses
$1,140,774
Total Assets
$4,077,315
Net Assets
$3,931,819
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
Paul Reeves
Phone
9192588685
Tax Period
2024-07-01 to 2025-06-30

Habitat for Humanity of NC Inc, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 343% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 71% operating margin.

Mission

Seeking to put Gods love into action, Habitat for Humanity brings people together to build homes, communities and hope to realize our vision of a world where everyone has a decent place to live. Habitat for Humanity of North Carolina adheres to a strict non-proselytizing policy and will not base an offer of assistance on religious beliefs

Program Service Accomplishments

Program 1
Expenses: $392,881 Revenue: $30,298

Habitat for Humanity of North Carolina partners with local affiliates to expand access to safe and affordable housing. Through the homeownership program, qualified families purchase homes at...

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Habitat for Humanity of North Carolina partners with local affiliates to expand access to safe and affordable housing. Through the homeownership program, qualified families purchase homes at affordable mortgage rates - often below market and sometimes interest-free - with payments that never exceed 30 of household income. In a typical year Habitat will build and sell 300 affordable homes across North Carolina. The home preservation program helps low- to moderate-income homeowners remain in their homes by funding repairs that address health, safety, and code issues. In a typical year Habitat will complete 1,000 home repairs across North Carolina. In addition, Habitat NC provides affiliates with financial support and best practice training to strengthen their capacity to deliver these services. In a typical year, this support is provided by direct grants, pass-through grants and financial partnerships such as third-party mortgage origination

Program 2
Expenses: $37,027

Advocacy Habitat NC coordinates affiliate involvement in state-level, non-partisan, non-lobbying advocacy activities. We promote actions at the local, state, and federal level that expand access to...

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Advocacy Habitat NC coordinates affiliate involvement in state-level, non-partisan, non-lobbying advocacy activities. We promote actions at the local, state, and federal level that expand access to affordable homeownership opportunities, invest in affordable housing production and preservation, reduce land development and infrastructure development costs, and prioritize land for affordable housing. In a typical year, Habitat NC achieves these results through hosting a state-wide Housing day at the NC Legislature, promoting in-district affiliate involvement with elected officials and hosting quarterly advocacy updates for the affiliate network.

Program 3
Expenses: $585,775

Disaster Recovery Habitat NC coordinates disaster recovery relationships, activities and resources for the NC affiliate network in the period following natural disasters. Immediately following a...

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Disaster Recovery Habitat NC coordinates disaster recovery relationships, activities and resources for the NC affiliate network in the period following natural disasters. Immediately following a natural disaster, Habitat NC works to assess damage across the affiliate network including impact to affiliate operations and impact upon Habitat partner families. An affiliate cohort is formed to coordinate resources, share best practices and administer shared funding. Habitat NC maintains a fleet of two long-term recovery vehicles that are deployed to affiliates working in disaster recovery to increase their capacity to serve their communities post-disaster.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,684,628
Program Service Revenue $30,298
Investment Income $59,711
Other Revenue $124,171
TOTAL REVENUE $3,898,808

Expense Breakdown

Grants Paid $585,775
Salaries & Benefits $198,893
Fundraising Expenses $38,310
Program Expenses $1,015,683
Other Expenses $356,106
TOTAL EXPENSES $1,140,774

Year-over-Year Comparison

2024 2023 Change
Revenue $3,898,808 $880,049 +3.4%
Expenses $1,140,774 $665,997 +0.7%
Net Income $2,758,034 $214,052 +11.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
6
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$74,231
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marlowe Foster Executive Director Through Feb 2025 040.00
Officer
$74,231 $0 $74,231
Mark Korell Chair 010.00
Officer Director
$0 $0 $0
Anna Tuell Secretary 002.00
Officer Director
$0 $0 $0
Ashley Westbrook Treasurer 007.00
Officer Director
$0 $0 $0
Linda Saturno Affiliate Representative 000.50
Director
$0 $0 $0
Brian Coble At-Large Member 000.50
Director
$0 $0 $0
Jazmine Kilpatrick At-Large Member 000.50
Director
$0 $0 $0
Jacob Parrot At-Large Member 000.50
Director
$0 $0 $0
David Whilden At-Large Member 000.50
Director
$0 $0 $0
Suzanne Coker-Craig Affiliate Representative 000.50
Director
$0 $0 $0
Andy Barnett Affiliate Representative 001.00
Director
$0 $0 $0
Grace Johnston Affiliate Representative 000.50
Director
$0 $0 $0
Krystal Cappileo Affiliate Representative 000.50
Director
$0 $0 $0
Paul Reeves Executive Director Effective Feb 2025 040.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,898,808 $1,140,774 $4,077,315 $2,758,034
2024 $880,049 $665,997 $1,174,874 $214,052
2023 $2,762,735 $2,357,939 $1,390,617 $404,796
2022 $251,066 $386,330 $568,150 $-135,264
2021 $355,089 $330,095 $680,613 $24,994
2020 $507,401 $596,448 $713,026 $-89,047
2019 $2,164,261 $1,953,010 $764,053 $211,251
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