Love Chatham
Nonprofit profile at a glance
- EIN
- 861481922
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022
- Location
- Siler City, NC, USA
- Phone
- 9197269976
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
- Affiliation
- Christianity
Reported finances
- Revenue
- $234,191
- Expenses
- $280,819
- Assets
- $309,550
- Liabilities
- $189,857
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Ben Suggs (President)
Highest reported compensation
- Dakota Philbrick (Executive Dir.): $46,042 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Love Chatham is a 501(c)3 non-profit organization established to help with homelessness in the Chatham County area. It will be a common banner under which the churches, individuals, and businesses can work together, specifically to centralize the many talents and resources available and put them into action to alleviate homelessness and other needs. Our first focus will be homelessness, but we hope to continue the work of charity and healing in the future by joining, connecting with, or establishing help for hunger, clothing, healthcare, financial planning, and spiritual counseling.
What it reported doing in 2025
Transitional Housing: This program provides additional support for community members that are stabilizing and seeking permanent housing. This program offers more thorough casework and resources, and promotes the interests of the community member by using a housing first model as the appropriate starting point for stability. The House Manager regularly provides updates to community partners as well as a monthly summary of progress and casework. This program has some significant momentum and the path forward for more housing is being created through this program. Our first house that was setup and established at the end of 2023 is a women's transitional housing program also known a "Our House". Love Chatham is considering opportunities to expand its services through the program and developing additional capacity to serve by developing programs under this umbrella that will serve men and/or family units.
Operating model
- Revenue model
- Donor-supported. 77% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.8%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -19.9%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 16.4%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 24.9% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 25.7% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 41.2% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.8% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 6 filed program accomplishments · $264K in reported program spending
- Leadership: top reported pay $46K · 7 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 22/100.