BELOVED ASHEVILLE

EIN: 843381632 501(c)(3) Housing & Shelter

ASHEVILLE, NC

Total Revenue
$16,072,069
Total Expenses
$908,425
Total Assets
$19,166,580
Net Assets
$19,164,866
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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
2019
Legal Domicile
NC
Principal Officer
MICHELLE CAPELL
Phone
8284122054
Tax Period
2024-01-01 to 2024-12-31

BELOVED ASHEVILLE, founded in 2019, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.1M in total revenue in fiscal year 2024. Revenue surged 799% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.2M, a strong 94% operating margin.

Mission

THE MISSION OF BELOVED ASHEVILLE IS TO CULTIVATE A TRANSFORMATIONAL WAY OF LIFE ROOTED IN COMMUNITY, CREATIVITY, AND EQUITY. WE BRING TOGETHER PEOPLE FROM ALL WALKS OF LIFE TO CREATE INNOVATIVE SOLUTIONS TO SOME OF THE TOUGHEST CHALLENGES THAT OUR CITY, REGION, AND WORLD FACE: RACISM AND SYSTEMIC INEQUITIES, HOUSING AND FOOD INSECURITY, POVERTY, AND HEALTHCARE INEQUALITIES. BELOVED ASHEVILLE HAS BEEN ENGAGED IN HURRICANE HELENE DISASTER RELIEF, RECOVERY, REBUILDING, AND HEALING SINCE THE AFTERMATH OF THE STORM ACROSS THE IMPACTED ZONES THROUGHTOUT WESTERN NORTH CAROLINA AND WILL CONTINUE TO PROVIDE SUPPORT FOR YEARS TO COME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,070,876
Program Service Revenue $0
Investment Income $1,193
Other Revenue $0
TOTAL REVENUE $16,072,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,925
Fundraising Expenses $31,254
Program Expenses $790,984
Other Expenses $841,500
TOTAL EXPENSES $908,425

Year-over-Year Comparison

2024 2023 Change
Revenue $16,072,069 $1,787,084 +8.0%
Expenses $908,425 $477,965 +0.9%
Net Income $15,163,644 $1,309,119 +10.6%
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
3
Volunteers
5500

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
3
$0
Total Directors
4
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY CANTRELL DIRECTOR 40.00
Director
$18,000 $0 $18,000
ADRIENNE SIGMON DIRECTOR 40.00
Director
$18,000 $0 $18,000
MARCUS DAVIS DIRECTOR 2.00
Director
$0 $0 $0
SUSAN HAYNES DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE CAPELL PRESIDENT 2.00
Officer
$0 $0 $0
CRISSY STEWART TREASURER 2.00
Officer
$0 $0 $0
VALARIA CARRIZO WYDA SECRETARY/VP 2.00
Officer
$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 $16,072,069 $908,425 $19,166,580 $15,163,644
2023 $1,787,084 $477,965 $4,001,763 $1,309,119
2022 $1,108,277 $717,181 $3,208,194 $391,096
2021 $1,597,874 $284,846 $2,304,425 $1,313,028
2020 $1,160,045 $172,066 $989,086 $987,979
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