Homeowners Impact Fund

EIN: 844818373 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$179,159
Total Expenses
$167,116
Total Assets
$61,893
Net Assets
$61,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Principal Officer
Victoria Mitchener
Tax Period
2024-01-01 to 2024-12-31

Homeowners Impact Fund, founded in 2020, is a small nonprofit in the Human Services sector that reported $179K in total revenue in fiscal year 2024. Expenses of $167K left a modest 7% surplus.

Mission

The Homeowners Impact Fund is a 501(c)3 nonprofit dedicated to ending homelessness through collective giving from those involved in the home closing process and homeownership

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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 $61,228
Program Service Revenue $0
Investment Income $83
Other Revenue $117,848
TOTAL REVENUE $179,159

Expense Breakdown

Grants Paid $140,000
Salaries & Benefits $19,046
Fundraising Expenses $11,975
Program Expenses $145,714
Other Expenses $8,070
TOTAL EXPENSES $167,116

Year-over-Year Comparison

2024 2023 Change
Revenue $179,159 $170,550 +0.1%
Expenses $167,116 $9,444 +16.7%
Net Income $12,043 $161,106 -0.9%
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
7
Independent Members
6
Employees
1
Volunteers
15

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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victoria Mitchener Executive Dir. 2.50
Officer Director
$0 $0 $0
Tom Bramhall Director 0.50
Director
$0 $0 $0
Aubrey Grier Director 2.00
Director
$0 $0 $0
Kerri Mast Director 0.50
Director
$0 $0 $0
Tim Pratt Director 0.50
Director
$0 $0 $0
Shannon Rodden Director 0.50
Director
$0 $0 $0
Melanie Vise 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 $179,159 $167,116 $61,893 $12,043
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