Charlotte Regional Realtor Assoc Housing Opportunity Foundation

Nonprofit profile at a glance

EIN
561609175
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
7049403148
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$541,988
Expenses
$534,515
Assets
$2,256,114
Liabilities
$211,180

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • TIFFANY JOHANNES (PAST PRESIDENT)
  • CHARISMA SOUTHERLAND (PRESIDENT)
  • MAGDA ESOLA (PRESIDENT - ELECT)
  • ANNE MARIE DECATSYE (CEO)

Highest reported compensation

  • ANNE MARIE DECATSYE (CEO): $543,074 total reported compensation
  • MICHELLE MCCOOL (CFO): $238,461 total reported compensation
  • CHARISMA SOUTHERLAND (PRESIDENT): $13,386 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Canopy housing foundation is the charitable arm of the canopy realtor association and actively supports the full housing continuum from homelessness to homeownership; promotes affordable homeownership; provides funding to create housing opportunities; and positions and develops realtors as leaders in philanthropic activities.

What it reported doing in 2024

The foundation contributed to local nonprofit organizations whose purpose is addressing unmet housing needs and affordable workforce housing needs in the greater charlotte area and haywood county through its two grant programs. 1) habitat support program ($26,500) - 7 regional area habitat for humanity organizations were granted restricted programming support to continue their work on behalf of affordable housing. 2) community grants program ($75,000) - 25 nonprofit organizations were granted restricted programming support to address unmet housing needs across a three-county service area (mecklenburg, iredell and haywood). In addition to the grant funding, the foundation honors an individual, project or organization through its annual humanitarian award ($5,000)- ; as part of that honor, the recipient is asked to designate a non-profit to receive a contribution in their honor. In 2024, the organizations chosen as recipients of the honor were wine to water which received $2,500, an organization dedicated to providing clean water sources to devastated communities in need. The other organization awarded $2,500 was lake norman humane to assist their rescue work with displaced animals as a result of hurricane helene. In 2019, the foundation launched the youth excellence in service award (yes) to honor extraordinary youth for their charitable contributions to the community. As a result of receiving the award, the recipient is able to designate a non-profit to receive a $500 donation from the foundation. In 2024, the recipient chose two organizations to share the honorarium, which included the ronald mcdonald house of charlotte and the stan greenspon holocaust and social justice education center.

Operating model

Revenue model
Affiliate-supported. 64% of the money available for current operations came from contributions from related organizations.
Distribution model
Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 56
  • Accountability: 91
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.4%; rating input score 74
  • Program expense ratio: 73.9%; rating input score 74
  • Fundraising efficiency: $4.12 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 33.5%; rating input score 34; 27th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.4%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 4.22; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 20.4%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 74.4% of revenue deployed · 73.9% of spending went to programs
  • Governance: 18 of 18 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $395K in reported program spending
  • Leadership: top reported pay $543K · 20 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 34/100.
  • High — Financial Efficiency: Fundraising efficiency scored 13/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.