Habitat for Humanity of the Charlotte Region

Nonprofit profile at a glance

EIN
561366233
IRS 990 coverage
2010–2024
Official website data refreshed
Aug 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Charlotte, NC, USA
Phone
7043762054
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$57,492,761
Expenses
$52,305,838
Assets
$101,958,906
Liabilities
$37,237,996

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

Leadership & pay

37 people listed

Executive titles in this filing

  • Laura Belcher (President & CEO)

Highest reported compensation

  • Laura Belcher (President & CEO): $281,029 total reported compensation
  • Shannon Green (SVP, Organizational Advancement and Development): $191,968 total reported compensation
  • Bob Glusenkamp (SVP, Programming): $179,471 total reported compensation

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

Overview

Mission

Seeking to put God’s love into action, Habitat for Humanity brings people together to build homes, communities and hope.

What it reported doing in 2024

Habitat Charlotte Region has been the leading provider of affordable homeownership and home repair solutions since 1983, serving families earning 80% or less of the Area Median Income. We operate in Gaston, Iredell, North Mecklenburg, and the cities of Charlotte, and Pineville, supporting a region of over 1.5 million people. In FY 25 we partnered with 197 families through affordable housing solutions and with more than 350 on financial education. In October 2024, we merged with Habitat for Humanity of Gaston County, combining our individual effort to strengthen affordable housing across the region. This merger expands impact, maximizes resources, and increases affordable homeownership opportunities. Our mission is to promote affordable homeownership as a path to financial stability and economic mobility. We achieve this through three programs: *Critical Home Repair - Providing repairs that address health and safety hazards, allowing homeowners to avoid displacement. *New Homeownership - Constructing and renovating homes sold at fair market value with affordable mortgages. *Financial Education - Offering assessments, education, coaching, and partner referrals to prepare individuals for homeownership. This activity is supported by contribution revenue which is reported in Part VIII column A and is not reflected as program service revenue.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.8%; rating input score 83
  • Program expense ratio: 90.2%; rating input score 90
  • Fundraising efficiency: $10.04 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 64.3%; rating input score 64; 13th 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; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 1.95; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 69th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 82.8% of revenue deployed · 90.2% of spending went to programs
  • Governance: 23 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $47.2M in reported program spending
  • Leadership: top reported pay $281K · 37 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.8M reported
  • Consistency: 35 of 37 current checks pass · 2 findings to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 5 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.