Gates County Housing Committee

Nonprofit profile at a glance

EIN
800765046
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Gatesville, NC, USA
Phone
2522871005
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Home Improvement and Repairs

Reported finances

Revenue
$10,192
Expenses
$55,660
Assets
$34,207
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • REBA GREEN-HOLLEY (PRESIDENT)
  • PATRICE LASSITER (VICE PRESIDENT)

People named in this filing

  • REBA GREEN-HOLLEY (PRESIDENT)
  • PATRICE LASSITER (VICE PRESIDENT)
  • WILLIE SMITH (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The elimination of unsafe and./or unhealthy housing in gates county North Carolina. Projects and contractors are selected to execute the required renovations to provide safety and healthy living accomodations.

What it reported doing in 2024

The 2024 fiscal year was a low funded year. As a result, only 8 projects were completed. The committee seeks homes of low income residents, senior citizens and veterans for projects. The major repairs done included roofing, plumbing, floors and windows. The work is done to code and insures that the residents have a safe and healthful home to live in.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 26
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -446.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 76.5% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -52% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -7.3% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $56K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.