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North Carolina Housing Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560929051 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

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Overview

What is North Carolina Housing Foundation Inc?

The North Carolina Housing Foundation is a dedicated nonprofit organization, primarily focused on offering low-income housing services. They strive to create safe and affordable living spaces for individuals falling under the low and moderate income brackets in North Carolina. Their initiatives encompass furnishing facilities for supporting agencies and developing low-income housing units themselves. In essence, the North Carolina Housing Foundation's mission is to improve housing conditions for those in need, thereby contributing to a more equitable and inclusive community.


Official website here: www.nchsm.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Zero-Star out of Four Stars (43%)

The North Carolina Housing Foundation Inc has received a Zero-Star rating from Charity Navigator, reflecting significant concerns in its accountability and financial practices. The foundation's score is primarily based on its accountability and finance metrics, where it achieved only a 43% score. While the organization has an independent board and maintains proper documentation for meetings, it lacks critical policies such as a conflict of interest and a whistleblower policy, which have negatively impacted its overall rating.

User feedback suggests that the organization may not adequately support its clients, particularly those experiencing homelessness. A review from a client indicates a troubling experience with the organization as a landlord, claiming a lack of assistance during a difficult period. The reviewer feels that the foundation's primary focus may be on securing funding rather than genuinely helping those in need, leading to negative outcomes for vulnerable families.

Overall, while the North Carolina Housing Foundation Inc demonstrates some strengths in governance, the lack of essential policies and negative client experiences raise serious concerns about its effectiveness and commitment to its mission.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is North Carolina Housing Foundation Inc legitimate?

North Carolina Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Housing Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nchsm.org

What is the mission statement of North Carolina Housing Foundation Inc?

The North Carolina Housing Foundation is dedicated to a mission of creating safe and affordable housing with accompanying services for individuals with moderate and low income levels. Their activities encompass the provision of facilities to supporting agencies and the development of low-income housing projects. The organization's ultimate goal is to contribute positively to the living situations of these income groups in North Carolina.


Official website here: www.nchsm.org

Who is the CEO of North Carolina Housing Foundation Inc?

Tammy Vernon is the Secretary of North Carolina Housing Foundation Inc.


Official website here: www.nchsm.org

What is the revenue of North Carolina Housing Foundation Inc?

North Carolina Housing Foundation Inc's revenue in 2022 was $48,321.


Official website here: www.nchsm.org

Who are the executives of North Carolina Housing Foundation Inc and what are their salaries?

There 3 volunteers at North Carolina Housing Foundation Inc.


Here are 5 key members and their salaries:


Mallory M Oates (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garry Merritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Peatross (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Vernon (Treasurer)
  • Compensation: $0
  • Related: $106,697
  • Other: $0
John Nichols (Former Asst. Secretary/Asst. Vp)
  • Compensation: $0
  • Related: $122,296
  • Other: $0


Official website here: www.nchsm.org

Where can I find the form 990 for North Carolina Housing Foundation Inc?

North Carolina Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nchsm.org

Learn more at the official website: www.nchsm.org

Mission Statement of North Carolina Housing Foundation Inc

North Carolina Housing Foundation, as its mission statement suggests, is devoted to addressing the housing needs of individuals with low and moderate incomes. Their primary objective is to develop safe and affordable housing facilities, complemented by essential services. The organization accomplishes this by collaborating with supporting agencies and actively participating in the development of low-income housing projects. By providing these services, the North Carolina Housing Foundation strives to contribute to a more equitable living environment for those who are financially disadvantaged.

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Impact




August, 2024

North Carolina Housing Foundation Inc's impact includes providing low-income housing services and developing safe, affordable housing with services for low and moderate-income individuals in North Carolina. Their programs range from furnishing facilities for supporting agencies to the development of low-income housing. Through their work, they contribute to the improvement of living conditions for individuals and families in need, helping to address housing challenges and support communities in North Carolina.




This information is meant to be a general summary of North Carolina Housing Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$48,321 (2022)
Expenses
$892,154 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,726
  • Program Service Revenue: $31,557
  • Gross Receipts: $48,321

Assets and Liabilities:

  • Total Assets: $5,888,934
  • Total Liabilities: $294,878
  • Net Assets: $5,594,056

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEVELOPMENT FEES

Revenue

$31,132

SHARED EXPENSE REIMBUR

Revenue

$425

Organization Details

Founding Year

1967

Principal Officer

Tammy Vernon

Main Address

2585 W CLEMMONSVILLE ROAD SUITE 10, WINSTONSALEM, NC, 27127

NTEE Category

Code: L20Z - Housing

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