CHARLOTTE REGIONAL REALTOR ASSOC HOUSING OPPORTUNITY FOUNDATION

EIN: 561609175 501(c)(3)

CHARLOTTE, NC

Total Revenue
$541,247
Total Expenses
$526,385
Total Assets
$2,091,277
Net Assets
$1,926,535
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Organization Details

Formation Year
1985
Legal Domicile
NC
Principal Officer
ANNE MARIE DECATSYE
Phone
7049403148
Tax Period
2023-01-01 to 2023-12-31

CHARLOTTE REGIONAL REALTOR ASSOC HOUSING OPPORTUNITY FOUNDATION, founded in 1985, is a small nonprofit that reported $541K in total revenue in fiscal year 2023. Net assets of $1.9M represent 43 months of operating reserves.

Mission

CANOPY HOUSING FOUNDATION IS THE CHARITABLE ARM OF THE CANOPY REALTOR ASSOCIATION AND ACTIVELY SUPPORTS THE FULL HOUSING CONTINUUM FROM HOMELESSNESS TO HOMEOWNERSHIP; PROMOTES AFFORDABLE HOMEOWNERSHIP; PROVIDES FUNDING TO CREATE HOUSING OPPORTUNITIES; AND POSITIONS AND DEVELOPS REALTORS AS LEADERS IN PHILANTHROPIC ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $272,891

REALTORS CARE DAY IS AN ANNUAL COMMUNITY SERVICE PROJECT COORDINATED BY THE FOUNDATION WHERE APPROXIMATELY 400 REALTOR VOLUNTEERS WORKED TO PROVIDE CRITICAL HOME REPAIRS FOR 15 HOMES AND FACILITIES...

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REALTORS CARE DAY IS AN ANNUAL COMMUNITY SERVICE PROJECT COORDINATED BY THE FOUNDATION WHERE APPROXIMATELY 400 REALTOR VOLUNTEERS WORKED TO PROVIDE CRITICAL HOME REPAIRS FOR 15 HOMES AND FACILITIES IN MECKLENBURG, IREDELL AND HAYWOOD COUNTIES ON APRIL 21ST, 2023. INCLUDED IN THE PROJECT WERE REPAIRS MADE TO THE FACILITIES OF THREE NON-PROFIT AGENCIES: GEN ONE, EASYWAY MIDDLE SCHOOL, AND DAVIDSON HOUSING COALITION. IN ADDITION, TWO SEPARATE FOOD DRIVES WERE HELD IN CONJUNCTION WITH THE PROJECT WITH MORE THAN 7,500 LBS OF FOOD COLLECTED FOR AREA FOOD PANTRIES. IN SECLECTING WORK SITES, THE FOUNDATION WORKS WITH LOCAL HOUSING PARTNERS SUCH AS HABITAT AND LOCAL MUNICIPALITIES TO IDENTIFY ELIGIBLE HOMEOWNERS, WHO THEN GO THROUGH A DETAILED APPLICATION AND VERIFICATION PROCESS. SINCE ITS INCEPTION 14 YEARS AGO, THIS PROJECT HAS ASSISTED 315 FAMILIES AND NON-PROFIT ORGANIZATIONS.

Program 2
Expenses: $94,357

THE FOUNDATION CONTRIBUTED TO LOCAL NONPROFIT ORGANIZATIONS WHOSE PURPOSE IS ADDRESSING UNMET HOUSING NEEDS AND AFFORDABLE WORKFORCE HOUSING NEEDS IN THE GREATER CHARLOTTE AREA AND HAYWOOD COUNTY...

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THE FOUNDATION CONTRIBUTED TO LOCAL NONPROFIT ORGANIZATIONS WHOSE PURPOSE IS ADDRESSING UNMET HOUSING NEEDS AND AFFORDABLE WORKFORCE HOUSING NEEDS IN THE GREATER CHARLOTTE AREA AND HAYWOOD COUNTY THROUGH ITS TWO GRANT PROGRAMS. 1) HABITAT SUPPORT PROGRAM ($24,500) 7 REGIONAL AREA HABITAT FOR HUMANITY ORGANIZATIONS WERE GRANTED RESTRICTED PROGRAMMING SUPPORT TO CONTINUE THEIR WORK ON BEHALF OF AFFORDABLE HOUSING. 2) COMMUNITY GRANTS PROGRAM ($55,000) 20 NONPROFIT ORGANIZATIONS WERE GRANTED RESTRICTED PROGRAMMING SUPPORT TO ADDRESS UNMET HOUSING NEEDS ACROSS A THREE-COUNTY SERVICE AREA (MECKLENBURG, IREDELL AND HAYWOOD). IN ADDITION TO THE GRANT FUNDING, THE FOUNDATION HONORS AN INDIVIDUAL, PROJECT OR ORGANIZATION THROUGH ITS ANNUAL HUMANITARIAN AWARD ($5,000); AS PART OF THAT HONOR, THE RECIPIENT IS ASKED TO DESIGNATE A NON-PROFIT TO RECEIVE A CONTRIBUTION IN THEIR HONOR. IN 2023, THE ORGANIZATION CHOSEN AS THE RECIPIENT OF THE HONOR WAS THE DILWORTH CENTER IN CHARLOTTE, NC. THE CENTER TAKES A HOLISTIC APPROACH TO TREATING ALCOHOLISM AND DRUG ADDITION, ALONG WITH CO-OCCURRING MENTAL HEALTH CONDITIONS, TO ACHIEVE LONG-TERM RECOVERY. IN 2019, THE FOUNDATION LAUNCHED THE YOUTH EXCELLENCE IN SERVICE AWARD (YES) TO HONOR EXTRAORDINARY YOUTH FOR THEIR CHARITABLE CONTRIBUTIONS TO THE COMMUNITY. AS A RESULT OF RECEIVING THE AWARD, THE RECIPIENT IS ABLE TO DESIGNATE A NON-PROFIT TO RECEIVE A $500 DONATION FROM THE FOUNDATION. IN 2023, THE CHOSEN RECIPIENT WAS A SMALL GRASSROOTS NON-PROFIT CALLED "Z FEEDS ANGEL FOOD PROJECT" WHICH WORKS TO FEED THE HOMELESS IN THE COMMUNITY.

Program 3
Expenses: $42,000

STRIDES FOR SHELTER 5K RUN / WALK IS PRESENTED BY THE CANOPY HOUSING FOUNDATION ANNUALLY AND IS DEDICATED TO MEETING THE NEEDS OF THE LOCAL HOMELESS COMMUNITY. THE RACE HAS GENERATED OVER $172,000...

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STRIDES FOR SHELTER 5K RUN / WALK IS PRESENTED BY THE CANOPY HOUSING FOUNDATION ANNUALLY AND IS DEDICATED TO MEETING THE NEEDS OF THE LOCAL HOMELESS COMMUNITY. THE RACE HAS GENERATED OVER $172,000 THAT HAS BEEN RETURNED TO THE COMMUNITY FOR HOMELESS INITIATIVES SINCE ITS INCEPTION. PROCEEDS OF $42,000 FROM THE 2023 STRIDES FOR SHELTER 5K RUN / WALK WERE DONATED TO CHARLOTTE FAMILY HOUSING. CHARLOTTE FAMILY HOUSING IS A SHELTER-TO-HOUSING PROGRAM FOR WORKING FAMILIES EXPERIENCING HOMELESSNESS. THEIR MISSION IS TO EMPOWER WORKING FAMILIES EXPERIENCING HOMELESSNESS ACHIEVE LIFE-LONG SELF-SUFFICIENCY THROUGH SHELTER, HOUSING, SUPPORTIVE SERVICES AND ADVOCACY. FUNDS FROM THE RACE ASSISTED IN REDESIGNING, RESTRUCTURING, REFURBISHING, AND RESTOCKING THE ORGANIZATION'S MAP STORE (MOTIVATED ACHIEVEMENT POINTS); THIS STORE PROVIDES ESSENTIAL FOR FAMILIES AS THEY TRANSITION UNTIL PERMANENT HOUSING.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $495,575
Program Service Revenue $0
Investment Income $1,413
Other Revenue $44,259
TOTAL REVENUE $541,247

Expense Breakdown

Grants Paid $134,500
Salaries & Benefits $0
Fundraising Expenses $98,902
Program Expenses $409,248
Other Expenses $391,885
TOTAL EXPENSES $526,385

Year-over-Year Comparison

2023 2022 Change
Revenue $541,247 $509,469 +0.1%
Expenses $526,385 $458,942 +0.1%
Net Income $14,862 $50,527 -0.7%
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
20
Independent Members
20
Employees
N/A
Volunteers
600

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
8
$776,340
Total Directors
21
$48,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANY JOHANNES PRESIDENT 0.50
Officer Director
$0 $1,535 $13,535
LEE ALLEN PAST-PRESIDENT 0.50
Officer Director
$0 $1,505 $3,505
ALLEN DARGINS SECRETARY 0.50
Officer Director
$0 $1,535 $3,535
CHARISMA DOCKERY SMITH PRESIDENT-ELECT 0.50
Officer Director
$0 $1,295 $10,295
MICHAEL WONG TREASURER (FROM 7/1/23) 0.50
Officer Director
$0 $1,295 $2,295
MAREN BRISSON-KUESTER BOARD MEMBER 0.50
Director
$0 $1,535 $1,535
TANYA BROWN BOARD MEMBER 0.50
Director
$0 $1,535 $1,535
JUSTIN CKEZEPIS BOARD MEMBER 0.50
Director
$0 $1,475 $1,475
BEVERLY NEWELL BOARD MEMBER 0.50
Director
$0 $1,295 $1,295
JASON MORTON BOARD MEMBER 0.50
Director
$0 $1,295 $1,295
DAVID DEAL BOARD MEMBER 0.50
Director
$0 $1,295 $1,295
BRENDA HAYDEN BOARD MEMBER 0.50
Director
$0 $1,295 $1,295
SALLIE MYRICK BOARD MEMBER 0.50
Director
$0 $1,295 $1,295
ALMA JACOBS BOARD MEMBER 0.50
Director
$0 $575 $575
GEENA FIE TREASURER (THRU 6/30/23) 0.50
Officer Director
$0 $1,025 $2,025
JENNIFER FRONTERA BOARD MEMBER 0.50
Director
$0 $1,295 $1,295
RICK JUDSON BOARD MEMBER 0.50
Director
$0 $0 $0
JULIE PORTER BOARD MEMBER 0.50
Director
$0 $0 $0
AMY SPIVEY BOARD MEMBER 0.50
Director
$0 $0 $0
MARTA TATEJE BOARD MEMBER 0.50
Director
$0 $0 $0
DANIEL WRIGHT BOARD MEMBER 0.50
Director
$0 $0 $0
ANNE MARIE DECATSYE CEO 2.00
Officer
$0 $52,614 $521,521
MICHELLE MCCOOL CFO 2.00
Officer
$0 $29,403 $219,629
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 No data No data No data No data
2023 $541,247 $526,385 $2,091,277 $14,862
2022 $509,469 $458,942 $1,940,924 $50,527
2021 $461,132 $443,110 $2,010,464 $18,022
2020 $969,624 $380,306 $1,846,744 $589,318
2019 $554,012 $408,420 $1,149,220 $145,592
2018 $401,862 $433,685 $883,628 $-31,823
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