NORTH CAROLINA HOME BUILDERS ASSOC EDUCATIONAL AND CHARITABLE FDTN INC

EIN: 561864518 501(c)(3) Education

RALEIGH, NC

Total Revenue
$1,524,950
Total Expenses
$1,599,794
Total Assets
$5,242,086
Net Assets
$3,475,576
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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
1995
Legal Domicile
NC
Principal Officer
TIM MINTON
Phone
9196769090
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA HOME BUILDERS ASSOC EDUCATIONAL AND CHARITABLE FDTN INC, founded in 1995, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Net assets of $3.5M represent 27 months of operating reserves.

Mission

THE PURPOSE IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR THE HOME BUILDING INDUSTRY AND TO PROVIDE DISASTER RELIEF AND OTHER CHARITABLE ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $1,507,009

THE FOUNDATION AWARDS SCHOLARSHIPS BASED ON A COMBINATION OF NEED AND MERIT TO FOUR-YEAR COLLEGE STUDENTS ENTERING THEIR JUNIOR OR SENIOR YEAR AND TECHNICAL SCHOOL STUDENTS ENTERING THEIR SECOND YEAR...

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THE FOUNDATION AWARDS SCHOLARSHIPS BASED ON A COMBINATION OF NEED AND MERIT TO FOUR-YEAR COLLEGE STUDENTS ENTERING THEIR JUNIOR OR SENIOR YEAR AND TECHNICAL SCHOOL STUDENTS ENTERING THEIR SECOND YEAR WHO HAVE DECLARED THEIR MAJOR IN A CONSTRUCTION RELATED FIELD.

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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 $1,499,587
Program Service Revenue $0
Investment Income $21,655
Other Revenue $3,708
TOTAL REVENUE $1,524,950

Expense Breakdown

Grants Paid $28,410
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,507,009
Other Expenses $1,571,384
TOTAL EXPENSES $1,599,794

Year-over-Year Comparison

2023 2022 Change
Revenue $1,524,950 $3,791,211 -0.6%
Expenses $1,599,794 $748,501 +1.1%
Net Income $-74,844 $3,042,710 -1.0%
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
6
Independent Members
4
Employees
N/A
Volunteers
5

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
$628,851
Total Directors
6
$628,851
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON BRYANT CHAIRMAN 2.00
Officer Director
$0 $0 $0
CODY BYRD VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
TIM MINTON PRESIDENT 2.00
Officer Director
$0 $48,788 $493,812
TRACIE GARRETT VICE PRESIDENT 1.00
Officer Director
$0 $20,701 $135,039
CHARLENE ALLEN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS MCLEAN BOARD MEMBER 1.00
Director
$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
2024 No data No data No data No data
2023 $1,524,950 $1,599,794 $5,242,086 $-74,844
2022 $3,791,211 $748,501 $5,568,140 $3,042,710
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