DHIC Inc

EIN: 561085131 501(c)(3)

Raleigh, NC

Total Revenue
$22,132,443
Total Expenses
$5,639,999
Total Assets
$54,264,349
Net Assets
$51,168,860
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NC
Phone
9198324345
Tax Period
2024-01-01 to 2024-12-31

DHIC Inc, founded in 1973, is a mid-sized nonprofit that reported $22.1M in total revenue in fiscal year 2024. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.5M, a strong 75% operating margin.

Mission

TO BUILD, PROMOTE, AND PRESERVE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS

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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 $1,294,011
Program Service Revenue $4,631,328
Investment Income $492,718
Other Revenue $15,714,386
TOTAL REVENUE $22,132,443

Expense Breakdown

Grants Paid $38,160
Salaries & Benefits $3,629,530
Fundraising Expenses $0
Program Expenses $3,795,045
Other Expenses $1,972,309
TOTAL EXPENSES $5,639,999

Year-over-Year Comparison

2024 2023 Change
Revenue $22,132,443 $8,321,223 +1.7%
Expenses $5,639,999 $4,607,766 +0.2%
Net Income $16,492,444 $3,713,457 +3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
29
Volunteers
N/A

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
4
$892,502
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashleigh Hales Director 0.5
Director
$0 $0 $0
Betsy Rozakis Director 0.5
Director
$0 $0 $0
Danny Kadis Director 0.5
Director
$0 $0 $0
Gordon Grubb Director 0.5
Director
$0 $0 $0
Jordan Maness Vice Chair 0.5
Director
$0 $0 $0
Joyce Spivey Director 0.5
Director
$0 $0 $0
Meghan Melloy Director 0.5
Director
$0 $0 $0
Miguel Figueras Director 0.5
Director
$0 $0 $0
Patricia Swasey Director 0.5
Director
$0 $0 $0
Russell Pierce Director 0.5
Director
$0 $0 $0
Samone Bullock Dillahunt Director 0.5
Director
$0 $0 $0
Soberina Traywick Director 0.5
Director
$0 $0 $0
Steve Evans Director 0.5
Director
$0 $0 $0
Tyler Craft Chair 0.5
Director
$0 $0 $0
Utica Cason Director 0.5
Director
$0 $0 $0
Natalie Britt SVP 40.0
Officer
$176,125 $29,597 $205,722
Sharon Lorden SVP / CFO 40.0
Officer
$189,315 $33,660 $222,975
William Ward VP / Treasurer 40.0
Officer
$154,527 $24,564 $179,091
Yolanda Winstead President 40.0
Officer
$243,655 $41,059 $284,714
Atinuke Diver VP of Resource Development 40.0
Highest
$140,355 $25,284 $165,639
Joseph Omozokpea Senior Project Manager 40.0
Highest
$106,655 $20,854 $127,509
Kayla Rosenburg Senior Project Manager 40.0
Highest
$123,272 $21,082 $144,354
Sheila Porter Assistant Secretary 40.0
Highest
$130,973 $28,037 $159,010
William Jackson Director of Asset Management 40.0
Highest
$103,250 $16,055 $119,305
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
2024 $22,132,443 $5,639,999 $54,264,349 $16,492,444
2023 $8,321,223 $4,607,766 $35,451,799 $3,713,457
2022 $6,432,706 $5,101,960 $31,913,929 $1,330,746
2021 $6,009,696 $4,117,076 $31,965,470 $1,892,620
2021 $6,009,696 $4,117,076 $31,965,470 $1,892,620
2020 $5,531,336 $4,355,870 $30,064,048 $1,175,466
2019 $7,479,602 $4,121,159 $28,007,478 $3,358,443
2018 $4,596,843 $4,021,337 $24,631,542 $575,506
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