LEWIS CHAPEL HOUSING INC

EIN: 582228779 501(c)(3) Housing & Shelter

FAYETTEVILLE, NC

Total Revenue
$291,698
Total Expenses
$331,770
Total Assets
$1,289,604
Net Assets
$-1,352,989
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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
1996
Legal Domicile
NC
Principal Officer
MICKLE MITCHELL
Phone
9198321814
Tax Period
2023-07-01 to 2024-06-30

LEWIS CHAPEL HOUSING INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $292K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $332K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 47 UNIT APARTMENT COMMUNITY IN FAYETTEVILLE, NORTH CAROLINA KNOWN AS LEWIS CHAPEL HOUSING, INC. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 $147,741
Program Service Revenue $130,357
Investment Income $12,177
Other Revenue $1,423
TOTAL REVENUE $291,698

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $201,564
Other Expenses $331,770
TOTAL EXPENSES $331,770

Year-over-Year Comparison

2023 2022 Change
Revenue $291,698 $261,282 +0.1%
Expenses $331,770 $318,686 +0.0%
Net Income $-40,072 $-57,404 -0.3%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICKLE MITCHELL PRESIDENT 0.50
Officer Director
$0 $0 $0
DORLEEN HARRINGTON SECRETARY 0.50
Officer Director
$0 $0 $0
CONNIE GOODSON MEMBER 0.50
Director
$0 $0 $0
CHARLES HANDSHAW MEMBER 0.50
Director
$0 $0 $0
CHARLENE CROSS MEMBER 0.50
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 $291,698 $331,770 $1,289,604 $-40,072
2023 $261,282 $318,686 $1,327,448 $-57,404
2022 $258,434 $332,414 $1,383,938 $-73,980
2021 $263,838 $299,730 $1,455,936 $-35,892
2020 $248,298 $289,555 $1,499,818 $-41,257
2019 $228,219 $282,025 $1,529,316 $-53,806
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