Charlotte Family Housing

EIN: 581599120 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$2,916,627
Total Expenses
$3,028,885
Total Assets
$3,922,083
Net Assets
$3,639,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Principal Officer
Elizabeth Kurtz
Phone
7043355488
Tax Period
2023-07-01 to 2024-06-30

Charlotte Family Housing, founded in 1985, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

The mission of Charlotte Family Housing is to empower working families experiencing homelessness to achieve long-term self-sufficiency through shelter, housing, supportive services, and advocacy.

Program Service Accomplishments

Program 1
Expenses: $2,531,310

Charlotte Family Housing, Inc. is a private, not-for-profit enterprise which works to solve family homelessness through a confidence-building empowerment approach. Charlotte Family Housing focuses on...

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Charlotte Family Housing, Inc. is a private, not-for-profit enterprise which works to solve family homelessness through a confidence-building empowerment approach. Charlotte Family Housing focuses on the strength of families and transforms past cycles of trauma through formative, confidence building opportunities of growth and validation. CFH is rooted in empowerment and trauma informed care. At its founding, CFH reimagined a new self-sufficiency pathway (for working families experiencing homelessness) that examined clinical brain research linking trauma and poverty and healthy trauma-informed interventions.CFH provides each family with the opportunity to achieve housing stability and economic confidence through three integrated services: 1. Housing: Families begin in a home-like shelter where barriers to obtaining housing are addressed. Without worrying about where their child will sleep at night, parents can concentrate on goals. CFH assists families in finding rental housing and provides subsidies, preparing them for stable independent housing within a year or two.2. Trauma Informed Care: CFH's Masters-level clinical social workers (LCSW) provide wraparound services grounded in the practice of recognizing the trauma its families have experienced. Through collaborative, safe relationships anchored in trust, LCSWs address barriers to family stability and facilitate a two-generational pathway to financial literacy, parenting, health, and job readiness. Additionally, CFH families have access to counseling.3. Empowerment Tools: CFH incorporates a stepped approach to empower families to move out of poverty. E.g.: Access reduced rates for critical goods and such as car repairs, computers, and home furnishings Connection to 1:1 financial counseling and banking services Earn Motivational Achievement Points for completing program goals which can be cashed in for gift cards, household items, and transportation gift cards Have savings matched upon program completionCharlotte Family Housing solely focuses on working families who are experiencing homelessness in Mecklenburg County. Soaring rental prices throughout Mecklenburg County are forcing more and more families out of their current residences and into housing and homelessness instability. Due to the current housing and rental market, unforeseen events or chronic circumstances (like a loss of income, illness, family breakup, death in the family, or domestic violence) can result in homelessness. In response to the current housing market, CFH has focused on two different initiatives. First, CFH is working hand in hand with developers to secure access to tax credit units. Partnerships with real estate developers allow access to rental units that might otherwise be inaccessible to the families CFH serves. These new partnerships are expanding the affordable housing inventory. Second, acknowledging that CFH can only minimally impact the affordable housing stock, CFH has placed a greater emphasis on career growth, income increases and work force development. By increasing wages, CFH families are able to better afford housing. CFH measures its progress and success by evaluating how many families maintain housing upon leaving its program. Using Salesforce software for data collection, CFH documents a family's progress at three-month intervals with post-exit surveys for two years after program completion.

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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 $2,559,616
Program Service Revenue $0
Investment Income $45,861
Other Revenue $311,150
TOTAL REVENUE $2,916,627

Expense Breakdown

Grants Paid $630,322
Salaries & Benefits $1,713,301
Fundraising Expenses $317,267
Program Expenses $2,531,310
Other Expenses $685,262
TOTAL EXPENSES $3,028,885

Year-over-Year Comparison

2023 2022 Change
Revenue $2,916,627 $3,256,523 -0.1%
Expenses $3,028,885 $3,187,671 0.0%
Net Income $-112,258 $68,852 -2.6%
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
47
Volunteers
413

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
$120,007
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Kurtz Executive Dir. 40.00
Officer
$105,338 $14,669 $120,007
Tricia Wilson Magee Chairman 1.00
Officer Director
$0 $0 $0
Paula Moss Vice Chair 1.00
Officer Director
$0 $0 $0
Kari Kalgren Secretary 1.00
Officer Director
$0 $0 $0
Eric Moody Finance Committ 1.00
Director
$0 $0 $0
Darren Ash Advisory Develo 1.00
Director
$0 $0 $0
Robert Hoyla Governance Comm 1.00
Director
$0 $0 $0
Elizabeth Dickens Board Member 1.00
Director
$0 $0 $0
Ben Hill Board Member 1.00
Director
$0 $0 $0
Paul Baalman Board Member 1.00
Director
$0 $0 $0
Matt Ricketts Board Member 1.00
Director
$0 $0 $0
Scott H Shannon Board Member 1.00
Director
$0 $0 $0
Lamont Simmons Board Member 1.00
Director
$0 $0 $0
Louise Bhavnani Board Member 0.00
Director
$0 $0 $0
Patty Brown Board Member 0.00
Director
$0 $0 $0
Jill Cole Board Member 0.00
Director
$0 $0 $0
Amber Mulligan Board Member 0.00
Director
$0 $0 $0
Tim Vest Board Member 0.00
Director
$0 $0 $0
Tiffany Victor-Castleberry Board Member 0.00
Director
$0 $0 $0
Angela Witt Board Member 0.00
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
2025 No data No data No data No data
2024 $2,916,627 $3,028,885 $3,922,083 $-112,258
2023 $3,256,523 $3,187,671 $3,820,939 $68,852
2022 $3,379,237 $3,604,809 $3,736,350 $-225,572
2021 $3,873,758 $3,854,074 $4,223,277 $19,684
2020 $3,552,611 $3,477,514 $4,112,017 $75,097
2019 $3,222,236 $3,226,767 $3,491,093 $-4,531
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