NORTH CAROLINA HOUSING COALITION INC

EIN: 581798953 501(c)(3)

DURHAM, NC

Total Revenue
$3,828,199
Total Expenses
$3,195,511
Total Assets
$2,082,133
Net Assets
$1,216,771
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
Principal Officer
SAMUEL GUNTER
Phone
9198810707
Tax Period
2024-01-01 to 2024-12-31

NORTH CAROLINA HOUSING COALITION INC, founded in 1988, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $633K, a strong 17% operating margin.

Mission

THE MISSION OF THE NORTH CAROLINA HOUSING COALITION IS TO LEAD A MOVEMENT TO ENSURE THAT EVERY NORTH CAROLINIAN HAS A HOME IN WHICH TO LIVE WITH DIGNITY AND OPPORTUNITY. THE COALITION MEETS ITS MISSION BY CONVENING, RESOURCING, AND MOBILIZING AFFORDABLE HOUSING PROFESSIONALS, COMMUNITIES IMPACTED BY A LACK OF AFFORDABILITY, AND THE BROADER PUBLIC TO PURSUE POLICIES AT THE LOCAL, STATE, AND FEDERAL LEVELS THAT IMPROVE THE SUPPLY, QUALITY, AND ACCESS OF AFFORDABLE HOUSING IN NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $2,047,769

HOUSING COUNSELING ASSISTANCE: IN 2024 AND 2023, THE COALITION WAS AWARDED COMPREHENSIVE HOUSING COUNSELING PROGRAM (CHC) FUNDS THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), OFFICE...

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HOUSING COUNSELING ASSISTANCE: IN 2024 AND 2023, THE COALITION WAS AWARDED COMPREHENSIVE HOUSING COUNSELING PROGRAM (CHC) FUNDS THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), OFFICE OF HOUSING COUNSELING. THE COALITION CONTRACTS WITH HUD-APPROVED HOUSING COUNSELING AGENCIES TO PROVIDE A WIDE VARIETY OF HOUSING COUNSELING SERVICES TO HOMEBUYERS, HOMEOWNERS, RENTERS, AND THE HOMELESS. THROUGH A SUBRECIPIENT AGREEMENT WITH THE NC OFFICE OF RECOVERY AND RESILIENCY (NCORR) EXECUTED IN 2022, THE HOMEOWNERSHIP ASSISTANCE PROGRAM PROVIDES DOWN PAYMENT AND CLOSING COSTS ASSISTANCE TO FIRST TIME AND FIRST-GENERATION HOMEBUYERS FOR THE PURCHASE OF A HOME, TO BE USED AS THE PRIMARY RESIDENCE, WITHIN 16 COUNTIES MOST IMPACTED AND DISTRESSED BY HURRICANES MATTHEW AND FLORENCE.

Program 2
Expenses: $170,201

ANNUAL HOUSING CONFERENCES: THE COALITION CO-HOSTS AND FACILITATES THE NC ANNUAL HOUSING CONFERENCE WHICH BRINGS TOGETHER DEVELOPERS, LENDERS, ADVOCACY ORGANIZATIONS, SERVICE PROVIDERS, HOUSING...

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ANNUAL HOUSING CONFERENCES: THE COALITION CO-HOSTS AND FACILITATES THE NC ANNUAL HOUSING CONFERENCE WHICH BRINGS TOGETHER DEVELOPERS, LENDERS, ADVOCACY ORGANIZATIONS, SERVICE PROVIDERS, HOUSING COUNSELORS AND MANY OTHERS TO DISCUSS BEST PRACTICES AND THE IMPACT AFFORDABLE HOUSING HAS ON OUR FAMILIES, COMMUNITIES, AND ECONOMY. THE COALITION ALSO CO-HOSTS THE BRINGING IT HOME CONFERENCE, AN ANNUAL CONFERENCE FOR HOMELESS SERVICE PROVIDERS.

Program 3
Expenses: $354,214

POLICY & ADVOCACY: THE COALITION PROVIDES GENERAL ADVOCACY, EDUCATION AND PUBLIC POLICY DEVELOPMENT TO INCREASE ACCESS TO AFFORDABLE HOUSING FOR LOW-INCOME NORTH CAROLINIANS. THE COALITION IS ALSO...

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POLICY & ADVOCACY: THE COALITION PROVIDES GENERAL ADVOCACY, EDUCATION AND PUBLIC POLICY DEVELOPMENT TO INCREASE ACCESS TO AFFORDABLE HOUSING FOR LOW-INCOME NORTH CAROLINIANS. THE COALITION IS ALSO PART OF THE NATIONAL ENERGY EFFICIENCY FOR ALL CAMPAIGN THAT FOCUSES ON ENERGY EFFICIENCY FOR LOW-INCOME RENTERS AND THE OPPORTUNITY STARTS AT HOME THAT SEEKS TO BROADEN THE SUPPORT FOR HOUSING AMONG OTHER SECTORS. THE COALITION IS ALSO ENGAGED WITH AND SUPPORTS LOCAL INDIVIDUALS AND ORGANIZATIONS ENGAGED IN TENANT ORGANIZING.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,613,038
Program Service Revenue $202,268
Investment Income $1,214
Other Revenue $11,679
TOTAL REVENUE $3,828,199

Expense Breakdown

Grants Paid $1,852,954
Salaries & Benefits $977,913
Fundraising Expenses $94,255
Program Expenses $2,841,765
Other Expenses $364,644
TOTAL EXPENSES $3,195,511

Year-over-Year Comparison

2024 2023 Change
Revenue $3,828,199 $4,049,010 -0.1%
Expenses $3,195,511 $4,557,844 -0.3%
Net Income $632,688 $-508,834 -2.2%
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
10
Independent Members
10
Employees
12
Volunteers
10

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
$230,388
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL GUNTER EXECUTIVE DI 40.00
Officer
$89,440 $27,542 $116,982
STACIE DARDEN DEPUTY DIREC N/A
Officer
$86,445 $26,961 $113,406
LESLEY ALBRITTON DIRECTOR 1.00
Director
$0 $0 $0
LEE COCHRAN SECRETARY 1.00
Officer Director
$0 $0 $0
SOFIA CRISP TREASURER 1.00
Officer Director
$0 $0 $0
BRANDY BYNUM DAWSON DIRECTOR 1.00
Director
$0 $0 $0
TED EDWARDS CHAIR 1.00
Officer Director
$0 $0 $0
LEA HENRY DIRECTOR 1.00
Director
$0 $0 $0
DAN KORNELIS DIRECTOR 1.00
Director
$0 $0 $0
AUTRICE CAMPBELL LONG DIRECTOR 1.00
Director
$0 $0 $0
CARLEY RUFF DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN SILLS DIRECTOR 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 $3,828,199 $3,195,511 $2,082,133 $632,688
2023 $4,049,010 $4,557,844 $1,574,470 $-508,834
2022 $2,096,698 $2,239,115 $1,586,019 $-142,417
2021 $2,764,377 $1,987,180 $1,707,042 $777,197
2020 $1,561,555 $1,452,189 $868,062 $109,366
2019 $1,493,370 $1,497,708 $820,274 $-4,338
2018 $1,585,981 $1,431,304 $968,300 $154,677
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