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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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

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

REALTORS CREATING HOUSING OPPORTUNITIES THROUGH ADVOCACY, EDUCATION, FUNDING AND LEADERSHIP.

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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 (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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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
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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