North Carolina Housing Services and Management Corporation

Analysis

North Carolina Housing Services and Management Corporation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina Housing Services and Management Corporation reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $4.5m (-2.0%), an average of -0.5% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Carolina Housing Services and Management Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include His Way Recovery Center ($4.5m), Trinity Affordable Housing Corporation ($4.5m) and Mason Wright Senior Living Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $177k (3.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $811k against liabilities of $97k, net assets of $715k. It reported 106 employees.