Community Housing Coalition Of Madison County Inc
- Assets
- $630.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Marshall, NC
- Founding
- 06/2003
- Data as of
- 10/2021
- EIN
- 11-3660564
Organization Overview
Community Housing Coalition Of Madison County Inc is located in Marshall, NC. The organization was established in 2003. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 10/2021, Community Housing Coalition Of Madison County Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Coalition Of Madison County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Community Housing Coalition Of Madison County Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $871.2k during the year ending 10/2021. While expenses have increased by 15.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE HEALTHY, SAFE, AND AFFORDABLE HOUSING THROUGH ADVOCACY, EDUCATION, AND RESOURCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 HOME REPAIR PROGRAM ACCOMPLISHMENTS - 74 HOMES SERVED - 15 ROOFS REPAIRED OR REPLACED - 16 ACCESSIBILITY IMPROVEMENTS FOR ELDERLY AND DISABLED PERSONS - 3 SEPTIC SYSTEMS SERVED - 2 WELLS REPAIRED OR REPLACED - RECLAIM MADISON STORE KEPT OVER 75 TONS OF FURNITURE OUT OF THE LANDFILL - 2 BATHROOM REMODEL TO ACCOMMODATE MOBILITY CHALLENGES.
NC HOUSING FINANCE AGENCY URGENT REPAIR PROGRAM (URP) COMBINED WITH COMMUNITY ACTION OPPORTUNITIES HEALTHY HOME INITIATIVE AND IVY RIVER PARTNERS TO MITIGATE CONDITIONS POSING IMMINENT THREATS TO LIFE, HEALTH OR SAFETY, SERVING 27 HOMES AND 47 INDIVIDUALS WITH A TOTAL OF $133,899.
HOME INVESTMENT PARTNERSHIP PROGRAM/ ESSENTIAL SINGLE FAMILY REHABILITATION LOAN POOL ESFRLP) BROUGHT RURAL HOMES UP TO ESSENTIAL HOUSING STANDARDS, SERVING 5 HOMES AND 6 INDIVIDUALS WITH A TOTAL OF $160,753.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Watson Program Director | Officer | 40 | $29,594 |
Sidney Mashburn Treasurer | OfficerTrustee | 2 | $0 |
Tim Malone President | OfficerTrustee | 3 | $0 |
Graeme Frelick Secretary | OfficerTrustee | 3 | $0 |
Danalee Cook-Pipes Co-Vice-President | OfficerTrustee | 3 | $0 |
Melissa Upchurch Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $490 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $451,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,443 |
| Noncash contributions included in lines 1a–1f | $18,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $947,594 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,815 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,393 |
| Compensation of current officers, directors, key employees. | $8,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,014 |
| Payroll taxes | $26,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,220 |
| Advertising and promotion | $1,713 |
| Office expenses | $15,855 |
| Information technology | $3,417 |
| Royalties | $0 |
| Occupancy | $55,184 |
| Travel | $3,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,694 |
| Insurance | $12,972 |
| All other expenses | $13,177 |
| Total functional expenses | $871,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,484 |
| Savings and temporary cash investments | $25,023 |
| Pledges and grants receivable | $55,000 |
| Accounts receivable, net | $22,216 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,786 |
| Prepaid expenses and deferred charges | $6,625 |
| Net Land, buildings, and equipment | $56,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $630,474 |
| Accounts payable and accrued expenses | $38,402 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $45,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,242 |
| Net assets without donor restrictions | $260,735 |
| Net assets with donor restrictions | $285,497 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $630,474 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Community Housing Coalition Of Madison County Inc has recieved totaling $558,783.
| Awarding Organization | Amount |
|---|---|
Dogwood Health Trust Asheville, NC PURPOSE: ESFRLP/URP CAPACITY BUILDING | $243,467 |
Dogwood Health Trust Asheville, NC PURPOSE: HOUSING REPLACEMENT PROGRAM | $121,733 |
Dogwood Health Trust Asheville, NC PURPOSE: ESFRLP/URP CAPACITY BUILDING | $50,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: BUILDING COMMUNITY & ECONOMIC VITALITY | $48,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $40,000 |
Pisgah Health Foundation Brevard, NC PURPOSE: HOME REPAIR | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Albemarle Housing Improvement Program Inc Charlottesville, VA | $5,877,628 | $5,756,026 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |